There’s something curious unfolding in global markets this month. While COVID-19 rages across the planet and the economy has ground to a halt, equities have actually been rallying. Global stock prices have been on their way up for two weeks
Twitter founder and CEO Jack Dorsey went on to found Square Inc. (NYSE: SQ) in 2010. It’s a payment processing company that made a credit card reader merchants could use with their smartphone to accept payments. But in 2015, Square
NYU economics professor Nouriel Roubini attacked federal stimulus legislation Sunday as a light on aid for workers. His remarks echo the response from several prominent Democrats, including Sen. Bernie Sanders, who is running for president in the Democratic primary, and
Efforts to contain the coronavirus pandemic have erupted into a disastrous and panicked shutdown of the economy by Western governments. The term “Marshall Law” (correct spelling: “Martial Law”) trended on Twitter last weekend. While many scoffed at this characterization of
As a seemingly endless stream of reports continues to pour in surrounding the coronavirus, many are becoming increasingly concerned over the effects this global pandemic could have on the global financial system. In fact, the outbreak is shaping up to
Euro Pacific Capital CEO and chief global strategist Peter Schiff warned the coronavirus recession would be worse than the 2008 financial crisis. Furthermore, in a terrifying tweet Wednesday, the US dollar bear and gold bull diagnosed the underlying problem in
Prices of traditional stocks markets have plunged during the recent month, May 2019, with prominent indexes such as the S&P 500 marking 6% losses in the last 30 days. NASDAQ has also seen a decline in May, losing about 3%.
The Dow Jones Industrial Average dropped by around 363 points earlier on Monday after President Trump tweeted about increasing existing 10% tariffs to 25% on $200 billion of imports from China by the end of the week. All major U.S.
On Tuesday, two of the major U.S. indices, S&P 500 and the NASDAQ closed yesterday’s trading at record highs. Meanwhile, the Bitcoin price has been surging for the last few weeks. The bullishness in U.S. equities and Bitcoin has prompted
Nvidia’s 2019 Investor Day eased some of the concerns about long-term growth prospects and justified the optimism, but the deal to acquire Mellanox for $6.9 billion earlier in March started the 10-day bullish run. Analysts attending the event found renewed enthusiasm