Cryptocurrency Analysis and News Portal
The outcome of next month’s U.S. presidential election may not matter much for bitcoin’s price: Economic stimulus in the trillions of dollars is likely no matter who wins, bolstering the largest cryptocurrency’s appeal as a hedge against inflation. President Donald Trump over the past week has reversed his opposition to another big government-spending bill following April’s
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Weekly jobless claims declined to 1.877 million on Thursday, while continuing claims jumped to 21.5 million. Jim Bianco says the narrative stock market bulls have been using to explain away ugly labor market data doesn’t hold up anymore. He says these new job losses aren’t temporary layoffs – they’re going to stick. For
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The world’s longest-running bull market officially ended Monday. Malaysia’s stock market benchmark is more than 20% off its highs. The FTSE Bursa Malaysia KLCI Index went 12 years without a 20% pullback from any peak. But that ended today. The milestone is an omen for the U.S. stock market.
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It looks like free-agency will be all about Tom Brady and where he lands next season. Brady has been linked with many teams, including the Raiders, the Chargers, and the Buccaneers. It seems like everyone has forgotten how bad Brady was in December. Just a few short months ago,
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Larry Kudlow is the top economist in Trump’s White House. He says don’t mind crashing bond yields, or this week’s fearful stock market. Kudlow says these are just “mood swings” while the economy’s fundamentals remain strong. But he’s cherry-picking fundamentals. Other analysts point to the fundamentals Kudlow is ignoring.
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Apple’s coronavirus profit downgrade rippled through U.S. stocks with exposure to China on Tuesday. As the Dow Jones’ second most heavily weighted stock, AAPL put severe pressure on the index. Dow bulls are still betting on a v-shaped recovery in China’s economy, but Japan and Germany might not be so fortunate. The Dow
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The U.S. stock market rose on Monday. Dow bulls pushed the index more than 100 points higher despite a rally in safe-haven assets. Nordea & Allianz both see a FOMO bubble forming from Fed intervention. The Dow Jones reversed early losses on Monday, grinding a step closer to 30,000 despite a spate of
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The deputy director of the United States Financial Crimes Enforcement Network (FinCEN) says the cryptocurrency sector must not abet a “slide backward” in money laundering prevention.FinCEN deputy director Jamal El-Hindi made his remarks during a speech at the Securities Industry and Financial Markets Association 20th Anti-Money Laundering (AML) and Financial
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