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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 Dow Jones recovery has been nothing short of extraordinary. Even a mountain of bearish fundamentals has failed to slow the stock market’s ascent. Behind the scenes, one big bullish development is taking place as the King Dollar starts to creak. The Dow Jones continues to trade higher, even as a mountain of
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The Dow Jones lurched toward a disappointing session on Friday. Fauci’s call to reopen the U.S. economy in a safe way failed to rally Wall Street. Trump’s surprise press conference turned out to be an utter non-event for the stock market. The Dow Jones dealt bulls a discouraging hand
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The Dow Jones bled lower on Thursday, reversing part of the previous day’s rally. Today’s jobless claims release revealed that almost 40 million Americans have filed for unemployment since the coronavirus pandemic began. Investors brushed off this data and appeared more interested in Donald Trump’s escalating war of words
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The story behind the soundbite: why one of the world’s most famous investors, Paul Tudor Jones, is betting on bitcoin as a hedge against a new inflation era.The story behind the soundbite: why one of the world’s most famous investors is betting on bitcoin as a hedge against a new
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Paul Tudor Jones II, a pioneer of the modern hedge fund industry, confirmed he has invested somewhere between 1% and 2% of his assets in bitcoin. Speaking to CNBC in an interview on Monday, Jones expressed some concerns with bitcoin, but he still praised its potential. “There’s very little trust
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Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market.Arthur Hayes, CEO of the world’s second
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Bixin is launching a $66M fund, Massive Adoption's Jacob Kostecki is getting sued and Filecoin is delivering physical hard drives. Source
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Hedge fund manager and investor, Paul Tudor Jones, discussed his opinion in regard to the crypto asset bitcoin on Thursday, saying that it reminds him of the part gold played back in the ‘70s. Jones also disclosed that his fund Tudor BVI has a percentage of Bitcoin futures products
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Paul Tudor Jones says that investors should forget about the old ways of doing things and start taking Bitcoin seriously.Macro investor Paul Tudor Jones has begun investing in Bitcoin as a way to save his funds. This is to shield him from the harsh economic effect of the looming inflation
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