Markets
Markets full of angst as Wall Street returns from Christmas break
On Monday the Dow was off 18.8% from its October high, while the S&P had fallen 19.8% from its record. That was its worst Christmas Eve performance since 1918. Efforts by Treasury Secretary Steve Mnuchin on Sunday to reassure investors backfired. With the stock market in free fall, exchange-traded fund investors are running for the exits. [Full Article...]
Pensioner wins $1m a day after his wife beats cancer
He only made a $5 bet. It was the first time the bet had been hit at the Borgata, officials said. Harold was dealt 10-Q-A of diamonds and the dealer held 9-J-K of the same suit. "I sat there like an idiot". McDowell plans to give most of the winnings to his children, saying his life will most likely stay the same but might treat his wife and himself to a cruise. [Full Article...]
Lookout For Simple Moving Averages :: Canopy Growth Corporation, (NYSE: CGC)
Headquarters Location of Canopy Growth Corporation (NYSE: CGC ) is Canada. The stock has a consensus rating of "Hold" and a consensus price target of $45.50. The Company's products include dried flowers, oils and concentrates, softgel capsules, and hemps.Last it reported negative earnings. Missing a forecast, of course, is the worst outcome, as it indicates that the company is not performing as ... [Full Article...]
China announces tariff cut on 700 foreign products
Since then, Beijing has resumed buying USA soybeans, the single-largest agricultural export between the two countries. While China has resumed some purchases of USA soybeans, the tariffs on the oilseed from America remain in place, and the removal of tariffs on alternative meals could help improve the reliability of supply of animal feed meal in China, analysts said. [Full Article...]
Central bank is US economy's 'only problem'
The S&P and Dow are also not far off those levels, having sunk 17.5 percent and 16.3 percent, respectively, as of Friday from their closing highs. The S&P 500, Dow Jones Industrial Average , and Nasdaq all fell at least 2.2%. Exterior view of the US Federal Reserve building in Washington , DC. "One of the risks. of making this kind of statement is that it could make market participants conce... [Full Article...]
Oil rises to US$51 after steep slide; growth fears weigh
Investors have flocked to perceived safe-haven assets such as gold and government debt, at the expense of crude oil and stocks. Global benchmark Brent was trading down 6.2 percent, at $50.47 a barrel as of 9:12am GMT. "U.S. equity futures are trading a bit firmer this morning triggering some little buying interest in the oil markets", said Stephen Innes, head of trading for Asia-Pacific at futur... [Full Article...]
Several Institutions Silent about Their Crypto Desk Plans
He further added, "That was top-of-the-market-hype thinking". The crypto crash has continued, with about $ 700 billion wiped off the market since its peak at around $800 billion at the start of the year, and leaving a trail of destroyed startups behind it. [Full Article...]
Ripple price surges as Binance confirms XRP as a base pair
The surprising news pushed XRP by nearly 20%, taking XRP/USD pair to $0.44, representing a one-month high. After an extensive lobbying by the XRP community, Chief Executive Officer (CEO) of Binance, Changpeng Zhao (CZ) has announced that the exchange will list two trading pairs with XRP. [Full Article...]