Bitcoin surges 17% in sudden move to above $8,000, then loses some ground
Bitcoin surged Thursday more than 17 percent in a sudden move to above $8,000 at one point, according to trading on Coinbase. The cryptocurrency hit a high of $8,011 on Coinbase. Trading was volatile and bitcoin was about 11.5 percent...
Trump tweets again on Syria, saying attack could be ‘very soon or not so soon at all’
President Donald Trump said Thursday that a U.S. missile strike on Syria may not be imminent. “Never said when an attack on Syria would take place. Could be very soon or not so soon at all! In any event, the...
A Silicon Valley house that burned two years ago is now on the market for $800,000
A house that suffered major fire damage two years ago is on the market for $800,000 in San Jose, California. The listing, which has already attracted criticism online, would appear to be a clear example of Silicon Valley’s overheated housing...
Defense stocks outperform when US takes military action in the Middle East
Shares of defense companies tend to outperform the broader market when the United States takes military action in the Middle East, history shows. The S&P 500 aerospace sub-industry returned an average of 1.5 percent to investors a month after U.S....
Gold hits highest level since August 2016 in wake of Trump’s missile threat
Gold futures hit their highest price since August 2016 on Wednesday, rising as investors fled to perceived safe havens after President Donald Trump threatened a missile strike in Syria. Gold for June delivery climbed as much as 1.75 percent to...
Gold, oil and Treasurys jump as Trump warns Russia missiles ‘will be coming’ at Syria
Gold, oil and Treasury prices jumped on Wednesday after President Donald Trump warned Russia that missiles “will be coming” to Syria via Twitter. Trump said in a tweet: “Russia vows to shoot down any and all missiles fired at Syria....
Global trading system is at risk of being ‘torn apart,’ warns IMF’s Lagarde
The globalized system that has transformed the world over the last generation is at risk of being completely dismantled amid aggressive turns toward protectionism, warned International Monetary Fund (IMF) Managing Director Christine Lagarde during a speech at the Asia Global...
ZUCKERBERG WINS ON WALL STREET: Facebook shares have best day in 2 years
Facebook shares surged 4.5 percent on Tuesday as CEO Mark Zuckerberg appeared before U.S. lawmakers on Tuesday. The stock was already up about 2.5 percent at 2:20 p.m. ET, around the time the hearing was set to begin. Facebook shares...
The market could be getting Xi’s speech wrong, it doesn’t mean there won’t be a trade war
If U.S. stock investors believe Chinese President Xi Jinping’s latest speech will significantly tone down the escalating trade dispute, some geopolitics analysts think otherwise. “There was nothing new in that speech. … What was included was incremental steps to expand...
Goldman Sachs cuts Tesla price target, predicts Model 3 disappointments and capital raise
Goldman Sachs still isn’t convinced Tesla will be able to meet even its Model 3 production targets. “We believe the sustainable production rate for the second quarter of 2018 is most likely below the 2,000 vehicle mark the company achieved...
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