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>>>
The stock market’s post-election euphoria has subsided a bit. But the Dow is still trading above 19,000 — which means it is less than 5% away from topping the much sexier psychological milestone of 20,000 for the first time ever.
Will the Dow get past 20K anytime soon? Or will the Trump bump on Wall Street be replaced by the Trump slump?
I was right on schedule with CVS Health (NYSE:CVS), picking up shares just under $74. Recall that this stock has been absolutely crushed in the last 6 months and is now one of my worst performing stocks this year among those that I follow. When I asked what the hell was going on in the name, I told you that CVS shares were a bargain under $75. It didn’t take long for the stock to surpass $80,....More>>>
Oaktree Capital’s Howard Marks is a master of the fixed income investing world and Gotham Asset Management’s Joel Greenblatt is one of the most skilled bottoms-up investors when it comes to identifying cheap stocks and those that are overvalued. Though the two are on opposite ends of the investing spectrum, their worldview is nearly identical.
This morning, our Elite Opportunity Pronewsletter suggested taking a closer look at gold as the considerable market uncertainty right now ahead of the US elections goes witout saying along with action ongolds technical charts:
As for gold, the precious metal is really going to need to pick it up soon, as it has once again found its way back down around another potential pivot point. I’ve....More>>>
Apartment Investment & Management (AIV) tumbled today, as the weakness in real-estate investment trusts following Donald Trump’s surprise election continued today. It was the second-biggest loser in the S&P 500 today.
Shares of Apartment Investment & Management dropped 4.1% to $41.03 today, while the Real Estate SPDR Dow Jones REIT ETF (RWR) fell....More>>>
Singapore's largest property developer, CapitaLand (OTCPK:CLLDY) (CATL.SI) had a pretty good 2017. Helped by improving conditions in Singapore and China, not to mention significant project openings, CapitaLand's local shares climbed 20% and the ADRs did even better.
A power outage hit the CES consumer electronics show in Las Vegas, dimming the lights in one of the main convention halls hosting demonstrations from the likes of LG Electronics Inc. and Samsung Electronics Co.
“There is an isolated power outage at the Las Vegas Convention Center. W
In Lahore and Karachi, American flags were burned in front of TV cameras after President Trump’s decision on Jan. 4 to withhold $2 billion of security aid from Pakistan to punish it for allegedly harboring terrorists. The country’s government issued angry statements claiming no ins