Dozens of people are facing multiple charges over their role in the insurrection that gripped Capitol Hill early in the year. While others are in custody pending hearing and determination of their cases, others have been rendered jobless on being fired for their role that led to four people’s death on the fateful day. The
Month: January 2021
Bitcoin is trying to bounce back after a 30% plus correction from all-time highs. The flagship cryptocurrency has been in consolidation mode after plunging from record highs of $42,000 to two weeks of lows of around $30,000. The bounce back is being fuelled by capital inflows from traders who missed out on the initial rally
The craze on Reddit is only continuing and there’s no telling when it might end. In fact, Reddit users are buying up stock in previously forgotten stock and driving prices sky high, causing a boon for some, but potentially huge losses for others. And perhaps that’s the entire point. Some believe that the idea behind
The stock market is finally heading in the right direction, with all three major stock markets out of New York reporting improvements. The Dow Jones saw an increase of 0.99% to close at 30,603.36. The NASDAQ saw an increase of 0.50% to close at 13,337.16 and the S&P 500 saw an increase of 0.98% to
Growth of the United States Economy slowed way down during the fourth quarter with a level that would equate to a 4% annual pace from October through December with those months recording the highest levels of coronavirus cases yet cutting recovery efforts and pushing the broader economic recovery timetable to late in 2021. It was
This is a breaking story, but Robinhood trading platform users are reporting that popular stocks in the Reddit /Wallstreetbets group including GameStop ($GME) and AMC ($AMC) are being restricted from trading. Other platforms including TD Ameritrade and Schwab have already announced limits on trading these popular stocks. Woah something just happened on @RobinhoodApp where they
Activities in the real estate sector have remained intact even on the COVID-19 pandemic taking a toll on a number of sectors. Demand for new homes has continued to edge higher with developers struggling to meet demand conversely fuelling a spike in prices in some markets. A Palm Beach condominium going for $19.5million might as
Cryptocurrency investments from mainstream institutions have been on the rise in recent months. Square investing $50 million in bitcoin and MicroStrategy confirming over $200 million in crypto investments affirms growing investments in the nascent field. The latest to show strong interest in pursuing investments in the nascent field is Union Square Ventures. USV Crypto Plans
The stock market saw a steep drop today, with all three major New York markets seeing a decline. The Dow Jones fell 2.05% to close at 30,303.17. The NASDAQ fell 2.61% to close at 13,270.60 and the S&P 500 fell 2.57% to close at 3,750.77. This as the Dow Jones saw it’s largest loss since
It was a rough start for the markets on Wednesday as the indexes started much lower than they closed on Tuesday with investors focusing on the earnings reports from technology companies while awaiting the outcome of the Federal Reserve’s first policy meeting for 2021. Investors are also hyper focused on the retailer of video games
Exchange-Traded Funds have for the better part for the past year been a bright spot in the vast equity markets. As investors sought to shrug off the effects of elevated volatility in the equity markets, most of them turned to ETFs. Fast forward, the once resilient segment of the equity market is starting to show
Investors are increasingly turning to high-grade bonds in a bid to secure long-term income streams as equity markets come under pressure. Investors have continued to shrug off the record low-interest rates, depicted by capital inflows into a number of high-grade bond offerings. Airplane Leasing Bonds Investors’ eyeing opportunities in the embattled airline industry, hard hit
The stock market fell today, across the board in New York with the Dow, NASDAQ and S&P 500 all coming in with lower numbers as we head into the middle of the week. The Dow Jones fell 0.07% to close at 30,937.04. The NASDAQ fell 0.07% to close at 13,626.06 and the S&P 500 fell
There is set to be a big move this week in the technology sector starting with Tuesday’s session as it is earnings week and there will be a watchful eye as to what coronavirus issues may do to the reporting companies bottom lines. There is a game being played over GameStop right now, as two
It’s no longer a question of how high the market can move but how low it could drop amid growing talk of an imminent correction. Bets of the stock market pulling lower from current highs have been gaining momentum as analysts and investors remain wary of elevated valuation levels. Market Correction A 30% correction could
Anheuser-Busch is the latest high profile brand to deal this year’s Super Bowl a big blow. For the first time in more than 25 years, the beverage giant will not air any ads as has always been the norm during the major sporting event. Instead, the company says it will donate all the money to
The stock market saw another mixed day in New York, with two stocks hitting record highs and one seeing drops over the course of the day. The Dow Jones dropped 0.12% to close at 30,960.00, while the NASDAQ rose 0.69% to close at 13,635.99. The S&P 500 also rose, by 36%, to close at 3,855.36.
GameStop is seeing some controversy to their stocks with a climb up over $150 throughout the day today that ended with a loss for the day. In fact, the company saw shares climb 144% to an intra-day high that was nearly $160, but those stocks were halted several times. Not only that but the stock
Goldman Sachs thinks that there’s something going on behind the scenes with the stock market and things might not be as good as everyone thinks. In fact, they think that there could be a bubble about to burst, especially for a series of high value stocks that they think could happen anytime. “Equity valuations are
The pandemic has taken a significant toll on the once robust and burgeoning New York economy. The state is already reeling from the effects of business shutdowns and mass exit that has taken a significant toll on revenue streams. Governor Andrew Cuomo and the state legislature are already wrestling with a widening budget gap at
Intel and Qualcomm are the biggest beneficiaries as woes continue to boggle embattled Chinese hardware giant Huawei. The two chip giants have inked strategic partnerships to become major chip suppliers to Chinese budget phone maker Honor. Qualcomm- Intel Chip Supply deals The supply deal comes at a time when Honor is increasingly trying to reduce
The stock market closed on yet another mixed day as we close out the week of the inauguration. The Dow Jones was up 0.57% to close at 30,996.98. The NASDAQ closed up 0.09% to finish at 13,543.06 and the S&P 500 closed down 0.30% to close at 3,841.47. Ford is set to recall approximately
Most investors can see the signs that the financial markets are full of energy right now and the S&P 500 is the easiest to see this on with Thursday being it’s fourth record high of 2021 already and having closes that are almost three quarters higher than when the market bottomed out in March of
A massive crackdown is in full swing, targeting perpetrators behind the violent insurrection that gripped Capitol Hill. Viral clips taken at the crime scene are helping law enforcement agencies nab some of the most violent rioters that caused damage and inflicted injuries to police officers. The latest to be arrested is Patrick Edward McCaughey III,
Bitcoin implosion from record highs of $41,000 continues to gather steam amid a surge in selling pressure. The flagship cryptocurrency is down by more than 12% from its all-time high, having struggled to bounce back after a steep pullback. Bitcoin Sell-Off For the first time in over a week, the cryptocurrency slipped below the $33,000
The stock market closed on a mixed run today, with some investors potentially worried about the long-term ramifications of a Democratic holdout on Congress and the White House and others looking at the short-term benefits of the coming fiscal stimulus. Not to mention the poor showing of the jobless reports offered today. The Dow Jones
The stock market is poised well coming into the new year and a new presidency, but there’s a few stocks that are poised to do even better than others. In fact, it should come as no surprise that the stocks expected to really hit it off are ones that have been able to make a
The total number of first time applications for jobless benefits for the final week of former President Donald Trump’s term in office moved in a positive direction, but was still a large number. With layoffs still running at their highest levels in months after the late 2020 surge in coronavirus cases affected the job market.
Cryptocurrencies are becoming increasingly popular, attributed to increased mainstream adoption. Governments exploring ways to participate in the burgeoning sector has also helped shed more light on the need for digital currencies. The European Central Bank is the latest to show strong interest in exploring the digital currency space. Digital Euro The central bank is currently
Real estate is a theme that has held firm amid the shocks triggered by COVID-19. A spike in home prices in some markets has come at the back of strong demand. Likewise, markets such as New York are once again bottoming out, as demand for office space improves. The sector also continues to see an