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A UK financial watchdog hastily retracted an official warning about Kraken after apparently confusing the exchange with online scammers — but a similar warning about BitMEX remains active.On March 3, the United Kingdom Financial Conduct Authority (FCA) published a notice on its website cautioning citizens that the second-largest U.S.
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The Dow Jones soared around 900 points on Wednesday. Sturdy economic data and Fed easing expectations have steadied a nervous stock market. The comeback of Joe Biden isn’t hurting sentiment either. But Ray Dalio has broken his silence on the coronavirus, and he warns of a terrible impact on
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Germany’s health minister said that coronavirus had become a “worldwide pandemic.” The World Health Organization is still refusing to refer to the virus using that term. But the WHO’s admission that the death rate is higher than first believed shows the urgency of taking things more seriously. The coronavirus
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U.S. crude futures approached 52-week lows on Tuesday, falling 3.4% to $49.69 a barrel. Brent crude, the international futures benchmark, declined 2.5% to $54.89 a barrel. The International Energy Agency has downgraded its demand forecast for crude due to the coronavirus outbreak. Crude oil resumed its plunge on Tuesday
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The benchmark 10-year Treasury yield plunged to record lows on Tuesday. The yield curve inverted again, triggering fears of a looming recession. Stock markets are plunging again, with the Dow Jones Industrial Average falling as much as 400 points. America’s bond market flashed another ominous warning sign on Tuesday,
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Dow Jones Industrial Average (DJIA) futures were marginally lower ahead of the bell on Thursday. Gold hit a seven-year high as investors hedge against coronavirus economic impact. Stocks and gold rallying together are ‘striking’ and could be a warning sign for global stock markets. Dow Jones Industrial Average (DJIA)
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Charlie Munger issued a grave warning about the economy earlier this week. The Berkshire Hathaway vice-chair and long time business partner of Warren Buffett says there’s “lots of troubles coming” for the economy. In his 2018 annual letter to shareholders, Warren Buffett called Berkshire “a financial fortress.” Just what is he building
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Alibaba’s CEO called the coronavirus a “black swan event” Thursday. His analysis has disastrous implications for the stock market. While he spoke, new coronavirus cases spiked at a frightening pace. The stock market seems to be shrugging off coronavirus fears since it became a pandemic last month. Amid startling news of drastic measures taken
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A massive rally lifted the Dow Jones to a fresh all-time high around 29,500. Despite stock market enthusiasm, the CDC came out with a shocking prediction that the coronavirus outbreak will gain a foothold in the U.S. Dow bulls also ignored the rise of left-wing presidential candidate Bernie Sanders, who they don’t
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Dow Jones Industrial Average (DJIA) futures were flat on Monday. Coronavirus fears continue to dampen investor sentiment as the World Health Organization admits current figures could just be “the tip of the iceberg.” Even Wall Street bulls are bracing for a 10% correction in the stock market. The stock market remains on
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