By CCN Markets: Donald Trump might not like bitcoin, but he's doing an excellent job creating the economic conditions in which the leading cryptocurrency can thrive. Need proof? Just look at the US national debt, which crossed the $22 trillion mark in February and has ballooned by nearly $400 billion more in the six months since then. $22,389,559,542,935.74 (+) #NationalDebt — National Debt...
By CCN Markets: The Dow’s three-day recovery ran smack into a wall on Tuesday, as the stock market struggled to complete the long journey back from last week’s vicious 800 point DJIA plunge. Meanwhile, Beijing capped simmering optimism about US-China trade relations by sniping at President Trump through a state-run media mouthpiece. Dow Fails to Make It Four-in-a-Row All of Wall Street's major...
By CCN Markets: News of impending layoffs at some U.S. Steel Corporation plants has been greeted warmly by the market. In pre-market hours, the price of the stock has gone up by over 10 percent to reach a unit price of $12.43. At the market close on Monday, U.S. Steel was valued at $11.28. Just last week the stock hit a three-year low of around $10.80. The pre-market rally comes amidst the steel...
By CCN Markets: Dow Jones Industrial Average (DJIA) futures are on a knife-edge on Tuesday as ominous recession warnings ring out around the world. Despite the warnings, an undercurrent of trader optimism has returned to the markets as Donald Trump upped the pressure on the Federal Reserve to ease monetary policy. Taking to Twitter on Monday he cursed Fed Chairman Jerome Powell and urged the...
By CCN Markets: Apple stock helped send the Dow Jones higher on Monday. Shares of the iPhone maker are up nearly 3% after CEO Tim Cook made a "very compelling argument" about why President Trump should reconsider his tariff regime. NEW: Pres. Trump said he met with Apple CEO Tim Cook in Bedminster, adding that Cook "made a very compelling argument" that tariffs are making it hard for...
By CCN Markets: In case there was any doubt, President Trump has made it clear what he believes it will take to jumpstart this economy. He would like to see a 100 basis-point cut in interest rates topped off with a dose of quantitative easing. Wall Street is largely expecting a half-point rate cut. The president might have had a better chance of getting what he wants by using reverse psychology...
By CCN Markets: The Dow Jones bounced again on Monday, as a 250 point rally kept the positive vibes rolling on Wall Street. The rally continued while President Donald Trump took to Twitter in the late morning, urging the Fed to take a meat cleaver to interest rates - and making some uncharacteristically globalist comments in the process. Globalist Trump Boosts Dow Jones Heading into the early...
By CCN Markets: Following the U.S. stock market's wildest week of the year, the Dow Jones and other major indices appear poised to start the week off with a bang. But just days removed from the Dow's worst loss of 2019, why has Wall Street suddenly turned bullish? Three words: central bank policy. Stock Market Eyes Relief Rally While the sentiment around a potential trade deal between the U.S...