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Economy, Stocks

Stock Market: “This is now the best bull market ever”

“The current market boom, which started March 9, 2009, has enjoyed a whopping 468% gain for the S&P 500 through the first day of November, making this record-long bull run also the best-performing one since World War II, according to… Continue Reading…

Economy, Stocks

“Dow closes at record high as Disney pops more than 7%”

“The Dow Jones Industrial Average hit an all-time high on Wednesday as Disney shares popped while investors digested testimony from the top-ranking Federal Reserve official.  The 30-stock average closed 92.10 points higher, or 0.3% at 27,783.59, notching intraday and closing records. Disney jumped 7.4%… Continue Reading…

Stocks

“Dow, S&P 500 end at record highs…”

” The Dow and S&P 500 closed at fresh records Thursday… The Dow Jones Industrial Average DJIA, -0.18%  rose 182.24 points, or 0.66%, to a record 27,674.80, while the S&P 500 index SPX, -0.15% gained 8.4 points, or 0.27%, to an all-time high of 3,085.18. The… Continue Reading…

Cryptocurrencies, Investing

“P2P Bitcoin Trading Volume in India Explodes Past All-Time High”

“Peer-to-peer Bitcoin trading platform Paxful recently recorded a record for BTC/INR. This past week, 53M INR was traded against BTC on the platform. The spike is a culmination of a clear uptrend since the beginning of this year — but… Continue Reading…

Economy

“Federal Income Taxes and Federal Spending Both Set Records in FY19”

“The amount of money the federal government collected in individual income taxes and the total amount of money the federal government spent both set records in fiscal 2019, according to the Monthly Treasury Statement released Friday afternoon. …the federal government… Continue Reading…

Investing

“Number of Investors Hedging Against Market Collapse Hits Record Levels”

“As market volatility appears to be reaching extreme levels once again, similar to what we saw toward the end of 2018, a large number of investors worth a collective $588 Billion are now hedging their portfolios. A Bank of America… Continue Reading…

Banking, Economy

“Dollar hits 2-year high, threatens to reach another major milestone”

“The dollar hit a two-year high Tuesday as slowing global growth and more aggressive monetary easing overseas sent investors into the reserve currency. The U.S. Dollar index rose to a high of 99.37, its highest level since May 2017, when… Continue Reading…

Economy

“Federal Spending Sets Record Through June”

“The federal government spent a record $3,355,970,000,000 in the first nine months of fiscal 2019 (October through June), according to the Monthly Treasury Statement released today. Prior to this fiscal year, the most the federal government had ever spent in the… Continue Reading…

Economy

“Record 157,288,000 Employed in July”

” The number of people employed in the United States hit a record 157,288,000 in July, according to the employment report released today by the Bureau of Labor Statistics… The unemployment rate held steady in July at 3.7 percent, the same as it… Continue Reading…

Economy, Stocks

“Dow jumps 200 points to break above 27,000 for the first time ever”

“The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell that signaled easier monetary policy could be implemented later this month… Meanwhile, the S&P 500 rose 0.3% to trade back above… Continue Reading…