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Investing, Stocks

“‘Fast Money’ Traders Share Their Thoughts On Retail, Cruise And Casino Stocks”

“On CNBC’s “Fast Money,” Tim Seymour said Macy’s Inc (NYSE: M) was priced as if it’s going out of business, but he doesn’t think that’s going to happen. He added there are very real assets there… Steve Grasso said there is a reason to take… Continue Reading…

Economy

“The global economy is likely to rebound in 2020…”

“Global growth is expected to hit 3.3 percent this year, the IMF predicted. That is up from 2.9 percent last year, which was the worst year for the world economy since the Great Recession. The more upbeat forecast for 2020 is… Continue Reading…

Stocks

“Stocks trade near records as new year kicks off”

“The Dow Jones Industrial Average DJIA, +0.58%  rose about 116 points or 0.4%, to 28,654, while the S&P 500 SPX, +0.43%   was 14 points, 0.4%, higher, to touch 3,244. The Nasdaq COMP, +0.73%  jumped 65 points, 0.7%, to touch 9,038. …The S&P 500 SPX, +0.43% gained 28.9% and the Nasdaq Composite COMP, +0.73%,… Continue Reading…

Stocks

“Nasdaq tops 9,000 on boosts from Amazon, trade optimism”

“The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over U.S.-China trade relations and gains in shares of Amazon.com after a report signaled… Continue Reading…

Economy

“Mnuchin says trade deal with China to boost global economy”

“…The United States and China cooled their trade war on Friday, announcing a “phase one” agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products… Continue Reading…

Economy

“Top economist lowers recession risk for 2020, but says hurdles remain”

““We do need to get over some of these hurdles that are a problem for business-sector spending of which is both U.S.-China trade concerns as well as things like Brexit and other geopolitical risks,” the firm’s head of U.S. economic… Continue Reading…

Stocks

“Selling software service stocks on trade worries is a ‘big mistake,’ Jim Cramer says”

“Don’t give up on the entire technology sector of the market, according to CNBC’s Jim Cramer. The “Mad Money” host advised that selling off would be a poor miscalculation, urging investors to “ask yourself what you’re selling.” “If you’re dumping an ETF, be… 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…

Stocks

“Twitter stock tumbles 20% after company says advertising bugs weighing on earnings”

“Twitter Inc. shares were tanking in premarket trading Thursday after bugs in the company’s advertising platform led to misses across the board on its financial metrics, even as user growth proved more rapid than expected. The stock was off nearly… Continue Reading…

Economy

“[P.O.T.U.S.] Says China to Boost Farm Spending to Up to $50 Billion”

“China will at least double its spending on U.S. agriculture as part of a partial trade accord between the two countries that’s likely to be well received by crop traders when markets reopen. Under terms of the arrangement, spending will… Continue Reading…