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Many of the major averages formed massive reversals last week as Monday’s very strong open was followed by selling the rest of the week. The contradictory comments on trade did not instill confidence and many are wondering what will it take for the market to bottom. more...
What does the recent OPEC+ output agreement mean for Saudi-Russia relations? more...
Bitcoin prices suffered further bloodshed Thursday night, falling below $3,300 and hitting a fresh, 2o18 low. The digital currency declined to as little as $3,293.31, according to CoinDesk bitcoin price data. At this point, the cryptocurrency was down roughly 11% in the last 24 hours and approximately 83% from its all-time high of nearly $20,000, additional CoinDesk figures reveal. more...
While the market focused on the possibility that the Fed may be near the end of rate hikes, Fed Chairman Powell made a more important point when he highlighted the risks that corporate indebtedness pose to the U.S. economy. Stocks surged after Federal Reserve Chairman Jerome Powell delivered a speech to the Economic Club of New York on November 28, 2018, where he introduced the Fed’s Financial Stability Report, inspired by and modeled after ...
Bitcoin fell below $5,400. What caused this sharp drop? This downward movement took place as the broader cryptocurrency market also suffered notable losses, declining from a total value of $210 billion earlier in the day to almost $180 billion by roughly 15:30 UTC (approximately 10:30 a.m. ET), according to CoinMarketCap. When explaining what caused the sharp decline in bitcoin prices, analysts generally pointed to either ...
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