Hacker lifts $1 million in cryptocurrency using San Francisco man’s phone number, prosecutors say
Losing cellphone service is inconvenient. But in some cases, it also might mean you’re getting hacked. San Francisco resident Robert Ross, a father of two, noticed his phone suddenly lose its signal on Oct. 26. Confused, he went to a...
Hedge funds suffer worst month in nearly three years in October and are now down for the year
October saw hedge funds notch their worst collective monthly performance since January 2016, according to Preqin a research firm on the industry. Hedge funds lost 2.35 percent on average in October, according to Preqin’s index, while investors withdrew $4.6 billion...
Hedge funds are in a ‘vicious downward cycle’ as their favorite stocks badly trail market
A collection of hedge funds’ favorite stock picks — including Facebook, Alibaba and Amazon — are underperforming the broader equity market badly in the second half of 2018. After beating the market in the first half of the year, a...
A risky natural gas bet gone awry leads to weepy YouTube confessional video
Volatile commodity markets often lead to colossal failures, as the founder of a Tampa, Florida-based options firm acknowledged in a bizarre, 10-minute YouTube confession in recent days. In the video, a money manager named James Cordier tells his 290 clients...
Trade tariffs, higher interest rates are slowing global economic growth, OECD says
Amid prolonged trade disputes and rising interest rates, the global economy will continue to slow down next year, according to the latest forecasts from the Organization for Economic Cooperation and Development. But the Paris-based group doesn’t see a recession on...
GBP/USD – US Data Sinks, But Pound Unable to Advance
GBP/USD has posted small gains in the Wednesday session. In North American trade, the pair is trading at 1.2777, down 0.07% on the day. On the release front, the U.K deficit ballooned to GBP 8.0 billion, well above the estimate...
US100 Stock Index Hits 7-Month Low; Turns Increasingly Bearish
The US 100 stock index plunged to a 7-month low of 6439.25 yesterday as the bears continue to pull the price further below the index’s all-time high of 7701.35 set on October 1. Momentum indicators point to further weakness in...
Brent Futures Find Support at 1-Year Low; Strongly Bearish in Near Term
Brent crude oil futures with delivery in January 2019 plummeted to an almost one-year low around 61.70 on Tuesday. The price is set to complete the seventh straight negative week, however, looking at the very-short term timeframe, it has jumped...
DAX Steady after Tech Stocks Rout Equity Markets
The DAX index has steadied in the Wednesday session. Currently, the DAX is trading at 11,174, up 0.33% on the day. There are no German or eurozone indicators on the schedule. On Thursday, the ECB releases the minutes of its...
Consumer sentiment slides in November as Americans expect less future income
Consumer sentiment for November fell more than anticipated in the final reading of the month, although the index remained near record highs. The University of Michigan’s monthly survey of consumers slipped to 97.5 in final November reading, more than the...
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Trading education
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