Fidelity & Robinhood Glitch as Panic-Stricken Investors Flee Stock Market
Fidelity’s website and the Robinhood app are down Monday for panicked users in a surge of problem reports as investors flee the stock market.
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Dow Climbs as Record Stock Market Mints Record Millionaire Party
There are now 441,000 retirement accounts with $1 million or more, pushed up by record-high stock markets, according to Fidelity.
A Stock Market Crash Would Slam Baby Boomers’ Savings
After a spectacular decade for the US stock market, baby boomers are reluctant to transition into defensive investments. According to one study, most boomer retirement accounts are overweight on stocks. That could put retirees and near-retirees at risk when the next recession strikes. A senior executive at the AARP made headlines this week for responding … Read more
77% of Millennials Have Fallen Prey to This ‘Woke’ Investment Scam
There is so much bad investing advice out there. As wonderful as the Internet has been for the free-flowing exchange of ideas, information, and transparency when it comes to securities trading, there has been an equally poor effect on those who don’t really understand investing but seek knowledge. Consider the trendy and “woke” concept known … Read more
Stock Market Could Rage Higher For Another 8 Years, Fidelity Strategist Claims
The stock market’s unstoppable bull run could keep forging new highs for another eight years. That’s according to Fidelity’s director of global macro, Jurrien Timmer. After breaking new record territory last week, Timmer believes the S&P 500 and Dow Jones are in a bullish super-cycle. And they’re not overcooked yet. If he’s right, any downturns … Read more
Crypto Bull Brian Kelly: Bitcoin Miners are Hoarding, Demand Is Rising
By CCN.com: Now that the bitcoin price is holding at the $8,000 level, investors are anxiously awaiting what comes next. Bitcoin’s value has expanded by 50% over the last 30 days, but the bulls are currently taking a breather and momentum appears to have stalled. Crypto fund manager Brian Kelly on CNBC provided some anecdotal … Read more
Multi-Trillion Asset Manager Fidelity Takes the Bitcoin Lightning Torch
The Lightning Network torch, which was previously passed to Jack Dorsey and numerous Bitcoin celebrities, has found its way to the traditional finance sector. Fidelity Digital Assets, who are nearing completion of their crypto trading platform, took the torch during the weekend. We and our research team at the Fidelity Center for Applied Technology have … Read more
Bitcoin Traders Turn to Derivatives in Droves: The Ultimate Sign of Crypto Winter?
Amidst the worst bear market in the 10-year history of the crypto market, Bitcoin traders have pivoted from long-term strategies to derivatives and options. According to a Bloomberg report, individual Bitcoin traders, as well as many initial coin offering (ICO) projects and investment firms, are engaging in over-the-counter (OTC) derivatives trading. Hundreds of Millions of … Read more
Dow, Bitcoin Cautiously Advance into February Following Stock Market’s Best January in Decades
Neither the Dow nor the bitcoin price looked keen on making a bold entry into February early Friday morning, as both the US stock market and cryptocurrency sector reflected on their uneven performances in January. However, positive economic data has begun to help the Dow turn a corner. Dow Eyes Higher Opening on Bullish Jobs … Read more
‘Final Testing’ Phase: Fidelity Nears Launch of Cryptocurrency Trading & Custody Platform
Much excitement has been building since the large American financial services firm Fidelity Investments first announced back in October that they were building a cryptocurrency trading and custody platform. They are now almost ready to launch their Fidelity Digital Assets Exchange. Fidelity Investments is an investment management company that was established back in 1945 as a … Read more