Happy Friday and happy it was for the tech sector after earnings calls sent the markets upward to close the week. The Dow Jones grew 0.4, the S&P 500 climbed 0.7%, and the Nasdaq gained 1.4%, led by a 10% jump in Apple shares. Rumors swirled that the current President, Donald Trump, wants to order
Month: July 2020
There is a long weekend ahead for many, so we decided to share a few of our favorite stock market, investing, and business books ahead of the 4th of July holiday weekend. Many of us may be staying closer to home than we had originally planned, but that doesn’t mean we can’t escape with a
Bitcoin price has more than tripled after imploding in March. The flagship cryptocurrency has retaken the $11,000 threshold at the back of renewed investor interest. The surge in price has coincided with a decline in Bitcoin balances held in major crypto exchanges. Bitcoin Strong demand Bitcoin balances in crypto exchanges have dropped to levels not
The markets sent mixed messages to close on Thursday, which was a big earnings day in the tech sector. The Nasdaq closed 0.43% higher, while the S&P 500 was down 0.37% and the Dow Jones Industrial Average was down 0.85%. The Stoxx Europe 600 Index saw 2.2% dip. Apple, Amazon, Alphabet and Facebook jumped in extended trading as results
The U.S real estate industry shrunk, nearly half, in the first half of the year as the COVID-19 pandemic rattled sentiments about investments. The total value of deals shrunk significantly as the number of transactions also more than halved as people scampered for safety, given the uncertainty fuelled by the pandemic. This marked the weakest
Gold has been on a tear in recent months, touching records highs and showing signs of powering through the psychological $2,000 level. The meteoric rise has come at the backdrop of growing economic uncertainty amid the COVID-19 pandemic. While the focus has been on the bullion, Bitcoin and other cryptocurrencies have also rallied as investors
Editor’s Note: Due to issues with the Call Put Strike Podcast hosting service, we are not hosting the daily podcast today. Many of you may have noticed issues with truncated episodes last week and we apologize for the inconvenience it may have caused. Markets hit the mid-week mark with gains today. The Nasdaq led the
The U.S dollar is on course for its worst performance since 2010 in July after four consecutive weeks of declines. The world’s reserve currency has been under pressure in recent months after peaking to three-year highs in March. It has since plunged to 22-month lows after a 3% slide against the majors. A week dollar
Junk bond investments are on the rise as investors continue to shun the risk that most of them present. The buying spree has come on the back of a challenging market environment that continues to deteriorate in the aftermath of the COVID-19 pandemic. Record low-interest rates have done little to curtail investor sentiments on junk
Editor’s Note: Due to issues with the Call Put Strike Podcast hosting service, we are not hosting the daily podcast today. Many of you may have noticed issues with truncated episodes last week and we apologize for the inconvenience it may have caused. The S&P 500 saw itself down 0.65% on Tuesday with the Dow
Gold raced to all-time highs as the U.S dollar came under pressure, plunging to 22-month lows amid soaring U.S-China tensions. U.s equities, on the other hand, bounce back on Monday after coming under pressure the past week amid concerns over an extended rally. Dollar Sell-Off Gold Rally The dollar remained under pressure early in the
Tech stocks bounced back, on Monday, after registering a rare weekly loss that fuelled chatter of a potential pullback from record highs. The bounce-back came on the heels of what promises to be a defining week with significant earnings reports scheduled in the week. Amazon, Apple, Google, and Facebook are poised to report their quarterly
Monday markets saw optimistic gains with the Dow Jones up 0.43%, while the Nasdaq climbed 1.67%, and the S&P 500 closed higher by 0.74%. Gold continued to charge to record highs of $1,936.80 today. The US Dollar Index was down 0.83%. The Senate GOP released their big ideas for the next phase of Coronavirus relief
The COVID-19 pandemic has taken a toll on people’s way of life to the extent of disrupting crucial income streams. Millions of people in the U.S have lost their jobs with some on the brink of losing as cases of bankruptcies and shutdown get out of control. While the pandemic has emptied people’s bank accounts,
The four most powerful Chief Executive Officers in the world will be the center of attention on Wednesday in what promises to be a scintillate probe. Spearheading hearings over antitrust issues is the House Judiciary Subcommittee on Antitrust. Amazon.com, Inc. (NASDAQ:AMZN), Facebook, Inc. (NASDAQ:FB), Apple Inc. (NASDAQ:AAPL), and Alphabet Inc. (NASDAQ:GOOGL) are the companies poised
The Nasdaq found itself closing the week 0.9% lower on Friday, while the Dow Jones and S&P 500 both dipped 0.6% as we headed into the weekend. The Stoxx Europe 600 Index declined 1.7% to 367.29, which is the lowest in more than a week on the biggest drop in four weeks. Gold topped $1900
The Office of the Comptroller of Currency has set the stage for cryptocurrency mainstream adoption in the U.S. In a public letter, the department has made it clear that national banks across the country can hold onto cryptographic keys for cryptocurrency wallets paving the way for banks to start holding digital assets for clients. Banks
Conspiracy theories about the facemask’s role in combating the spread of the deadly coronavirus refuse to fizzle away. People are increasingly questioning their need even as the U.S continues to register record numbers of infections at the back of one of the world’s highest death rates. Some people have already found a way to fuel
Tether (USDT) has seen its market capitalization surge to over $10 billion as the most trusted and liquid stablecoin continues to experience substantial growth. Following the surge, the stablecoin has cemented its position in the industry as the third-largest crypto by market cap surpassing XRP. Tether is the third-largest crypto by market cap The announcement
A tech sell-off on Thursday afternoon sent the markets spinning and ended a four-day winning streak. The Dow Jones was down 1.3%, the S&P 500 down 1.2%, and the Nasdaq was today’s biggest loser down 2.2%. Meanwhile, the Russell 2000 inched just a touch higher rising by 0.0042%. The Stoxx Europe 600 Index closed up
Going green is the new norm in the real estate sector as the race to cut long term carbon footprint heats up. Green properties are increasingly cropping up around the world has become as developers look to leverage their synergies in addition to conserving the environment. Green Property Standardization In the race for a more
Advertiser Disclosure Having a credit card is important because it allows you to increase your credit score, making it possible to make large purchases at a good interest rate. However, many people don’t stop and think about what type of credit card is best for them. Certain credit cards come with different perks, and some
We saw the S&P 500 and the Dow Jones gain 0.6%, while the Nasdaq snuck higher just 0.2% on Wednesday. The S&P 500 traded at its highest level since February, mostly thanks to tech stocks. Silver saw its biggest jump since March by more than 8% and gold rose past $1,870. Both exchange-traded funds, or
Exchange-traded Funds are powering high as investors continue to bet on the U.S stock market on optimism over stimulus and earnings amid the tepid environment fuelled by COVID-19. ETF trading volumes have surged in recent weeks as investors look to gain exposure to the broader stock market with exposure to some of the biggest and
Treasury Yields are being hammered as uncertainty continues to grip the capital markets amid the havoc-causing COVID-19 pandemic. The 10-year Treasury note and the 30-year Treasury bond are on a downward spiral now that it has become clear that a new round of fiscal stimulus is highly needed to stabilize the struggling U.S economy. Bonds
Another day of musical chairs in the markets as the three main market indexes shifted again. The Nasdaq sunk 0.8%, while the Dow Jones gained 0.6% and the S&P 500 snuck 0.2% higher. Tech dipped downward from the big Amazon gains yesterday, giving Apple, Amazon, Netflix, Facebook, and Microsoft a 1% loss on the day,
The U.S stock market and the economy are lacking many of the underlying principles previously used to explain them historically. Those are sentiments echoed by hedge fund billionaire, Leon Cooperman. He is the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management. According to
The investment landscape in Europe is slowly changing. Retail investors are increasingly taking the fight to institutional investors as the race for investment opportunities in the equity markets gather speed. Trading volumes in some of Europe’s big Exchange Traded Funds have more than doubled since the start of the year. Europe’s ETF Demand The spike
Markets rallied Monday as the Nasdaq rose 2.5%, the S&P 500 was up 0.8%, while the Dow Jones inched its way higher by 0.03% after starting the day in the red. Amazon saw its share price skyrocket 7.9% and post its best day since December 2018 following the price target on Amazon stock being bumped
As you get close to retirement age you may start becoming worried that you will not be able to afford retirement. This is the predicament that older adults are finding themselves in and thus some have to work longer or find alternative ways of ensuring they have saved enough for retirement. Most importantly, when thinking