Category Archives: Markets

High-performance U.S. tech stocks drive Nasdaq to record high

SAN FRANCISCO (Wallstreetnews) – The Nasdaq blasted through a record high on Friday as traders looking to ride recent momentum piled into Microsoft, Netflix, Amazon.com and other high-performance technology names. The rise came alongside a broad rally in the market.

U.S. jobless claims back off 48-year low; layoffs declining

The number of Americans filing for unemployment benefits rebounded last week from a more than 48-year low, but the trend continued to point to robust labor market conditions. That was underscored by other data on Thursday showing job cuts announced

Trump threatens to tax European auto imports

U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminum and steel. Trump’s tweet suggested he is

Bitcoin edges lower, then pares some losses, after news that SEC is probing cryptocurrencies

  Bitcoin slipped on Wednesday following news that the U.S. securities and exchange commission is probing the cryptocurrencies market. The Wall street journal reported Wednesday evening ET that, as part of that investigation, the SEC has issued “scores of subpoenas”

Apple’s guidance for this quarter could be really bad, BTIG analyst says

  Apple will give a forecast for this current quarter that may be shockingly low, according to a BTIG analyst Walter Piecyk. “Smartphone upgrade rates remain at record low levels and do not appear poised to rebound in the first

Four triggers could cause a huge cryptocurrency crash

        If it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull

South Korea to ban cryptocurrency traders from using anonymous bank accounts

  South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, the nation’s financial regulator said on Tuesday. Local cryptocurrency traders will not be allowed to make deposits into their virtual coin exchange wallets

Bank of America loses its second head of tech and media banking in less than a year

Bank of America’s global head of technology, media and telecommunications investment banking Anwar Zakkour is planning to depart to pursue other opportunities, according to an internal e-mail obtained by CNBC and confirmed by a bank spokesman. His departure marks the

Bitcoin-crazy South Korea may face a ban on cryptocurrency trading

Bitcoin trading could soon be outlawed in one of the virtual currency’s biggest markets. The South Korean government is preparing a bill to ban trading in all cryptocurrencies including bitcoin, Justice Minister Park Sang-ki said Thursday. “There are great concerns

Three rate hikes by the Fed in 2018 would be problematic for markets

The current bull run in markets would be derailed if the U.S. Federal reserve hikes rates three times this year, investing expert Michael Yoshikami told CNBC on Wednesday. That prediction comes after the latest projections from the Federal Open Market