The big news today in cryptocurrency markets came from European Central Bank (ECB) President Mario Draghi. The head of the ECB said in a statement that the central bank of the world’s largest economic bloc has no power to regulate Bitcoin.
Speaking to the European Parliament, Draghi said that “it would actually not be in our powers to prohibit and regulate” Bitcoin....More>>>
Russia’s President Vladimir Putin (R) and ExxonMobil Chairman and CEO Rex Tillerson (L) attend at the ceremony of the signing of an agreement between state-controlled Russian oil company Rosneft and ExxonMobil in the Black Sea port of Tuapse back in June 2012. A joint venture with Rosneft has been on hold because of sanctions against Russia. (Photo by MIKHAIL KLIMENTYEV/AFP/Getty....More>>>
Wells Fargo (WFC) has come a long way since its account-opening scandal–enough that it makes you wonder if that scandal has been forgotten on Wall Street. Not Argus analyst Stephen Biggar, who cut Wells Fargo today, arguing that the scandal remains an overhang for the banking giant following its earnings miss last week:
Shares of small cap natural compound and Cannabinoid extract stock Radient Technologies (CVE: RTI) have been taking off lately as the Company makes further progress commercializing its technology. The Company extracts natural compounds from a range of biological materials using microwave assisted processing (MAP), a patented technology platform which provides superior customer outcomes in terms....More>>>
Ever since the reinstatement of the debt ceiling on March 15, 2017, five misconceptions have been circulating about how the debt limit will affect people and policies.
You see, the debt ceiling could potentially trigger a catastrophe for U.S. markets. This catastrophe will be an economic meltdown that could far exceed the Great Recession. And it’s crucial investors separate fact....More>>>
I have recently started to regularly write for Seeking Alpha, and being a deep value investor, I end up commenting a lot on either energy stocks or retailers. And Guess? (NYSE:GES) is one of my best picks out of the retailers that I have recently commented on.
Like a lot of retailers, it is struggling in this downturn and it is highly cyclical. Nevertheless, at the....More>>>
Related USO Technical Alert – September Crude Oil Futures Find Sellers At $42 Area WSJ Asked 13 Investment Banks For Their Oil Outlook: Here's What Was Said Cycle And Trend Review; Putting It All Together (Seeking Alpha)
According to the Wall Street Journal, the Organization of the....More>>>
2016 has been a crazy year—so it’s no surprise closed-end funds (CEFs) have been offering crazy returns.
As we’ll see in a moment, the best fund is up over 50%, which crushes just about every unleveraged ETF and mutual fund out there. Plus, that fund pays a whopping 7.6% yield—which is pretty typical for CEFs. If you bought in when it was at its 52-week low, you would....More>>>
Copper just finished one of its largest short-term spikes ever… The metal is up 18% since late October. And it soared more than 9% in just three days last week. That has only happened a handful times since 2000. Based on that history, gains of 40%-plus are possible over the next year. Let me explain… Gold and silver got the headlines for most of 2016. And....More>>>
If youre bullish on oil, then Continental Resources (CLR) is the stock for you. I believe the company will likely significantly grow its earnings in 2018 due to higher realized prices and around 20% production growth. Meanwhile the company, which burned cash flows in 2017, will likely report str
Oil prices are coming back to life. Global demand is soaring on the back of booming global GDP growth and oil inventories are plummeting even during winter which is a historically slow period for demand. As oil prices and the cash flow of oil companies rise, oil producers will inevitably return