The price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning tradingRead More →
According to the creator of the analytical bitcoin data web portal, Look Into Bitcoin, a chart often referred to as ‘Hodl Waves’ shows a bull run could be imminent. The web portal’s analyst Phillip Swift recently tweeted that 60% of all the bitcoin in circulation hasn’t moved in twelve months.Read More →
Low unemployment rates, rising wage growth, a relentless bull market — by many measures, the good times are rolling. Just ask President Trump, who is glad to take credit for “the greatest economy in our nation’s history.” But there is an ugly side to this boom that you obviously won’tRead More →
OK boomer — share the wealth. When baby boomers (born between 1946 and 1964) hit a median age of 35 in 1990, they collectively owned 21% of the nation’s wealth. The millennial generation will hit that 35 median age in four years and they are nowhere near owning that percentage.Read More →
The 1927 Yankees were famously dubbed “murderers row,” due to their lineup stacked with hall of famers Babe Ruth, Lou Gehrig and Earl Combs, who beat opposing pitching into submission. Today’s murder’s row are Jerome Powell, Mario Draghi and Haruhiko Kuroda—global central bankers who are “intent on smashing Wall StreetRead More →
All hail Uber. While shares of the ride-hailing company skidded after Uber Technologies Inc. UBER, -6.40% reported a $5.2 billion net loss in its second quarter on Thursday, there’s no denying that the car service has dominated in the biggest city in the country. Related: Uber lost more thanRead More →
Prominent market technician Ralph Acampora says Wall Street needs to put in fresh highs for him to be confidently bullish about the outlook for stocks, after a whipsawing period for the major indexes. But it isn’t entirely clear that investors will see records in the immediate term, he said. “WhatRead More →
Do stock-market bulls need a timeout? Or even a nap? In a Thursday note, George Davis, chief technical strategist at RBC Capital Markets, argued that the rally that’s seen the S&P 500 SPX, +0.16% roar back from the verge of a bear market to the cusp of record territory inRead More →
The “Amazon effect” is still buffeting Northern Virginia. But instead of disrupting industries and putting brick-and-mortar stores out of business, the retail behemoth is dashing the hopes of home buyers. The infographic above shows just how frenzied the market in Alexandria City, Arlington County, Fairfax County, Fairfax City, and FallsRead More →
Top-heavy valuations of the likes of Facebook FB, +0.14% Amazon AMZN, +0.63% Netflix NFLX, -0.22% and Google GOOG, +0.41% — known as FANG stocks — has been a steady theme as the bull market continues to prove resilient. But longtime investor Jesse Felder of the popular Felder Report says there’sRead More →
