The Dow Jones slumped on Tuesday, despite briefly rising after the opening bell. The index is on the cusp of its biggest makeover in nearly a decade. One bearish hedge fund refuses to concede that the stock market recovery is for real. The Dow Jones Industrial Average (DJIA) rally fizzled on Tuesday, as an opening…
Shootings surged and murders were up over 100 percent in New York City last week as protesters flooded the streets, along with rioters who shattered windows and destroyed property. The New York Post reports there were 13 murders from Monday, June 1, 2020, to Sunday night, June 7, 2020. There were five murders during that same…
Nasdaq 100 companies are making a killing amid the pandemic. Global liquidity is a huge factor behind the recent stock market rally. The smart money will eventually find its way to fundamentally sound companies. The Nasdaq Composite (IXIC) is slaughtering bears in a time of global crisis. The benchmark index is 4% shy of its…
Market researcher James Bianco warns the market rally will fall apart. Stocks will crash as life won’t be getting back to normal when the economy reopens. Economic recovery will be long and painful. Bianco Research President James Bianco believes the stock surge won’t last despite the Fed’s aggressive policies to help the economy. He warns…
The massive surge of COVID-19-related layoffs has put tech in a unique position. While the startup world is facing layoffs itself, it is also trying to help get people back to work. Back at the end of 2019, the SoftBank-backed belt-tightening period led to a flurry of crowdsourced spreadsheets with employee names from companies like…
Tesla’s stock price surges 12% Thursday morning en route to fresh record highs. The rally follows an upbeat earnings report that shows Tesla is on course to deliver 500,000 vehicles this year. By comparison, the technology-focused Nasdaq Composite Index plunged more than 1%. Shares of Tesla Inc. (NASDAQ:TSLA) skyrocketed Thursday after the electric vehicle manufacturer…
The Democrats’ partisan impeachment effort is beginning to have an effect on the 2020 race, with voters shifting to President Trump over his top potential contenders in the Democrat field, an IBD/TIPP poll released Monday indicates. The survey, taken among 905 adults between December 5 and 14, suggests that the Democrats’ pre-Christmas impeachment effort is backfiring on the…
Gold had a fantastic start to the second half of the year as it finally took out long-term resistance of $1,350 in June. The price action attracted breakout traders who helped push the precious metal to as high as $1,557.07 in September. Since then, the commodity has been retracing. The corrective price movement is driving…
Dow Jones Industrial Average (DJIA) futures rose in Friday’s premarket hours as President Donald Trump expressed optimism over the outcome of the ongoing US-China trade talks. After the end of the first day of talks, Trump told reporters that ‘we had a very, very good negotiation with China’. On Friday, the US president is expected…
