Business News
Bank of America expects higher investment banking fees for third quarter
Bank of America Corp said on Monday the bank expects third quarter investment banking fees to be up in the low single digits compared with last year.
Month: September 2019
Trading Ideas
Don’t Be Scared by Volatility
Trump tweets… and the market falls.
Two days later, he tweets again and the market rises.
Trade wars, earnings, economic data and a wide variety of other factors all affect the market and can cause sudden sharp moves up and down.
That volatility can be scary for investors, who sometimes feel like the rug has been pulled out from under them when the market tanks for seemingly unimportant reasons.
Long-Term Trends in Stock Market Volatility
Markets go up over the long term. We know that, and that’s why I preach owning stocks for years. But to get to the promised land of strong long-term returns, …read more […]
Business News
Stocks little changed, pound hits 6-week high
A gauge of global stocks held near flat on Monday after bouncing between gains and losses as investors questioned whether likely stimulus measures from the world’s central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.
Business News
Wall Street ends flat as tech, healthcare flounder
U.S. stocks ended flat on Monday as increased expectations of stimulus from central banks around the world were offset by losses in technology and healthcare shares.
Business News
Citigroup tempers net interest income guidance
Citigroup Inc said on Monday that it expects net interest income to be up between 3% and 4% for the year, compared with prior guidance of 4% growth.
Business News
S&P 500, Nasdaq edge down, pulling back with tech
The S&P 500 and Nasdaq were down slightly in Monday afternoon trading, led by losses in technology shares, as the market pulled back following gains last week.
Trading Ideas
Is the Marijuana Bear Market Over?
Few people cheer for the bears… especially if you’re from Green Bay.
But during the past century of trading, investors have been hit with more than 30 bear markets.
Pot stock investors in particular have endured several bear markets already. And we’ve been slogging through the longest one in the sector’s nascent history.
But if those bears start to point to a pattern we can profit from, that might be something worth cheering for…
Since March 2017, the North American Marijuana Index is up 26.3%.
That’s not bad… but it’s not great either.
That means pot stocks have returned roughly the same as the Dow Jones …read more […]
Business News
U.S. states launch antitrust probe of big tech; Google ads in focus
Attorneys general from 48 U.S. states, the District of Columbia and Puerto Rico have opened an antitrust probe into big tech companies that focuses on Alphabet’s Google , Texas Attorney General Ken Paxton formally announced on Monday.
Business News
Stocks give up early gains, pound hits 6-week high
A gauge of global stocks gave up initial gains on Monday as investors questioned whether likely stimulus measures from the world’s central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.
Business News
Apple may spark upgrade rush with new iPhones, tight pricing
Apple Inc could sell as many as 200 million of its latest iPhones from existing users upgrading their older devices and much of that demand will come from China despite an ongoing trade war, several Wall Street analysts said on Monday.
Trading Ideas
Bitcoin Consuming Less Electricity
Bitcoin is getting more eco-friendly.
Despite more computing power being dedicated to bitcoin mining, less electricity is required to fuel it. Data from Statista shows that bitcoin mining energy consumption was 69.79 terawatt hours per year as of July 2019. In July 2018, it was 71.12 terawatts. And the current hash rate (the measure of computing power it takes to process bitcoin transactions) is almost 60% higher than it was back then.
There are two net positives here. One is that bitcoin’s hash rate keeps climbing. As we’ve written before, that’s a sign that bitcoin adoption is going strong and the network …read more […]
Business News
Factbox: Big Tech faces growing number of federal, state probes
Several U.S. state attorneys general are set to launch antitrust probes of large technology companies such as Alphabet’s Google and Facebook amid concerns that the companies have too much power and are harming users and stifling competition.
Business News
Tech, healthcare weigh on Wall Street, stimulus hopes flicker
Early gains on Wall Street fizzled out by afternoon on Monday as losses in technology and healthcare stocks overshadowed increased expectations of stimulus from central banks around the world.
Business News
Lloyds and Barclays hit by $4 billion insurance mis-selling claims
Lloyds and Barclays on Monday said a surge in late claims could see them pay out around $2 billion more each to settle Britain’s costliest consumer banking scandal, the mis-selling of payment protection insurance (PPI).
Business News
California highway barrier not repaired before fatal Tesla crash
California state transportation officials failed to repair a highway safety device seriously damaged in a high-speed crash 11 days before a fatal collision in March 2018 involving a Tesla in Autopilot mode, the National Transportation Safety Board (NTSB) said Monday.