S&P 500 ends higher after paring gains on Russia indictmentGreenback rallies from three-year low; crude oil advancesAllianz Global Investors U.S. Investment Strategist Mona Mahajan discusses market volatility.U.S. stocks held onto gains to cap their best week in five years while Treasuries climbed and the dollar broke a five-day losing streak.The S&P 500 was slightly higher at the close after...Read More
U.S. markets looked set to make gains for the sixth day on Friday, Feb. 16, on a stream of corporate earnings, including Coca-Cola Co., Kraft Heinz Co. and Campbell Soup Co., and as traders prepared for a long Presidents Day weekend. The Dow Jones Industrial Average had an implied open of 30 points to the upside at 7:39 am Eastern time. S&P 500 futures were 0.19% up and the Nasdaq looked set...Read More
I’m liking what I see from the crypto markets lately.It may sound foolish or dangerous to say this, but hear me out.If you look at the myriad attacks on crypto over the last month, the return to November 2017 pricing and the recent settling and smoothing of the market, I can understand your skepticism.Look, I get it. Recently, there have been a lot of negative forces beating down the crypto...Read More
That was quick!Late last week, I said most investors were too scared to buy the dip. Boy, was I wrong...Traders are gobbling up stocks, pushing the major averages higher for five days in a row. Eager buyers have all but erased the market's double-digit pullback. As of this morning, the Dow, S&P 500, and Nasdaq Composite are all back above their respective 50-day moving averages.Futures are up...Read More
Earlier this week, I saw a politically motivated quote in the paper that just about made me lose my cool.Not only was it incredibly misleading, but it also disparaged one of the programs that I've been encouraging retirees to take advantage of for years now!Now, when it comes to politics and the different opinions that everyone is entitled to, I try to be understanding. Even when I disagree with a...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for March delivery gained 34 cents to $61.68 on the New York Merc, while Brent for April gained 51 cents to $64.84 (all figures in this para U.S.). Western Canadian Select traded at a discount of $26.45 t...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe U.S. Securities and Exchange Commission has obtained $2.1-million in penalties against an Israeli group that it accused of running a shell factory scheme from 2010 to 2014. (All figures are in U.S. dollars.) The SEC claims that the group created s...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange lost 4.03 points to 830.17 Friday, but it ended the week up 16.78 points. Hugh Rogers and Toby Pierce have filed a preliminary prospectus to list a capital pool shell called Seashore Resource Partners Corp. The...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellMichael Garnick, a Pennsylvania lawyer charged for planning the pump-and-dump of OTC Markets listing Biocube Inc., has pleaded not guilty. Prosecutors claim that Mr. Garnick was part of a scheme to manipulate Biocube as high as $1 and sell shares thro...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for March delivery gained 74 cents to $61.34 on the New York Merc, while Brent for April lost three cents to $64.33 (all figures in this para U.S.). Western Canadian Select traded at a discount of $26.45...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Thursday was a so-so 85-91-115. The TSX Venture Exchange lost one point to 834 while polished diamond prices fell 0.2 per cent. Ken MacNeill's Star Diamond Corp. (DIAM) fell one-half cent to 17.5...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold gained $3.10 to $1,353.30 on Thursday. The TSX Venture Exchange fell 1.97 points to 834.20 while the TSX Gold Index dipped 0.63 point to 190.95. Kinross Gold Corp. (K) led Canadian gold miners lower, falling 39 cents...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange lost 1.97 points to 834.20 Thursday. Martin Burian's halted capital pool shell, Canvass Ventures Ltd. (CVS), plans to acquire Robin Leboe's Sessionwire Communications Inc. as its qualifying transaction. Session...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe U.S. Securities and Exchange Commission has obtained $2.1-million in penalties against an Israeli group that it accused of running a shell factory scheme from 2010 to 2014. (All figures are in U.S. dollars.) The SEC claims that the group created s...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe U.S. Securities and Exchange Commission has obtained $2.1-million in penalties against an Israeli group that it accused of running a shell factory scheme from 2010 to 2014. (All figures are in U.S. dollars.) The SEC claims that the group created s...Read More
It is taken as a fact that Medicaid helps in the fight against opioid addiction.A recent Senate committee report pointed out that prominent publications like the New York Times say:Public appreciation for the program [Medicaid] has steadily increased as people come to understand its importance in the health care system, including its central role in combating the opioid epidemic.This “fact...Read More
Mnuchin Gets ItUnited States Secretary of Treasury Steven Mnuchin has a sweet gig. He writes rubber checks to pay the nation's bills. Yet, somehow, the rubber checks don't bounce. Instead, like magic, they clear. How this all works, considering the nation's technically insolvent, we don't quite understand. But Mnuchin gets it. He knows exactly how full faith and credit works - and he kno...Read More
Wolf Richter (WolfStreet.com) breaks down the volatile trading action over the past couple of weeks and analyzes the latest US economic data.Read More
Click Here to Listen to the InterviewBill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron's and more. Bi...Read More
"The huge volatility of the price of cryptocurrencies - with respect to either traditional currencies or to a basket of goods and services - has made use of cryptocurrencies Continue...Read More