Finance

At a time when almost nothing is profitable, investors are forced to sit on a lot more cash than they are used to. The flip side of the stock market’s worst rout is that its valuations are getting cheap, creating attractive buying opportunities. The question then becomes when is a good time to go in
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It was Wall Street that scared the markets as storied institutions failed during the financial crisis, and now as stocks fall into bear market territory, it’s Washington that’s getting the blame. Making matters worse, is that when financial markets are in trouble, market pros turn to Washington’s lawmakers and regulators for help, and now they
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Twitter made news of its own, permanently banning conservative commentator and conspiracy theorist Alex Jones and his publication Infowars. The move followed similar decisions from YouTube, Apple and Facebook, which removed content from Jones, citing restrictions on hate speech and harassment. The reactions from tech’s most influential companies marked a potential turning point for how
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Over the weekend, multiple reports said President Donald Trump had discussed privately the possibility of firing Powell. The U.S. leader has repeatedly criticized the institution over its rate hiking path. Treasury Secretary Steven Mnuchin later downplayed those reports, tweeting that Trump said he “never suggested firing” Powell, despite his disagreements with the Fed’s policy tightening.
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Jim Watson | AFP | Getty Images US Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, December 19, 2018. President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed Chairman Jerome Powell, Treasury Secretary
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To be sure, the Dow Jones Industrial Average is still up 23 percent since Trump’s election, but that may not matter if it drops into a bear market on his watch. Through midday Friday, it was just 4 percentage points short of that mark. Peter Boockvar, chief investment strategist at Bleakley Advisory Group, said that
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However, a trade deal between the world’s two largest economies is far from certain, especially after Chinese President Xi Jinping took a relatively defiant tone toward international demands in his key address to the nation this week. Investors are also on edge about potential interest rate hikes by the U.S. Federal Reserve next year, especially
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Coinbase has launched its cryptocurrency trading platform in more markets as the firm plans an “aggressive” international push next year. The company said Thursday it had expanded its product to several European countries and overseas territories, including Lithuania, Iceland, Andorra, Gibraltar, Guernsey and the Isle of Man. Zeeshan Feroz, Coinbase’s U.K. CEO, said the firm
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Federal Reserve Chairman Jerome Powell made two mistakes during his news conference Wednesday, according to bond king Jeffrey Gundlach. Powell sounded like he was on autopilot when it came to quantitative tightening and he talked too much about economic modeling, the DoubleLine Capital founder and CEO told CNBC’s Scott Wapner. Wapner tweet The Fed raised
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Check out the companies making headlines before the bell: Darden Restaurants – The restaurant chain earned 92 cents per share for its second quarter, a penny a share above estimates. Revenue was very slightly below Street forecasts, and a same-restaurant sales increase of 2.1 percent was above the consensus forecast of a 2 percent rise.
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Chinese President Xi Jinping addressed his nation Tuesday morning in Beijing to commemorate the 40th anniversary of China’s “reform and opening up,” striking a relatively defiant tone to international calls for major changes in his country’s economy. His remarks are being watched to see whether Xi’s idea of progress aligns with the West’s increasingly vocal
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U.S. government debt prices were slightly higher on Monday amid ongoing concerns around a potential slowdown in economic growth. The yield on the benchmark 10-year Treasury note was slightly lower, trading at 2.884 percent, while the yield on the 30-year Treasury bond was just below the flatline, trading at 3.141 percent. Bond yields move inversely
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Ron Paul is warning this year’s corrections could be a precursor to an epic market collapse that may come sooner than investors think. According to the former Republican presidential candidate, Wall Street is becoming more vulnerable to near-depression conditions within the next 12 months. “Once this volatility shows that we’re not going to resume the
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