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Passive Investing in Canada Plays Catch-UpApril 25, 2018The debate between active and passive investing will probably never end, but the trend toward passively managed money is undeniable.
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Bitcoin Is a Bubble, and It’s NotApril 13, 2018It looks like bitcoin is taking investors through all of the stages of a classic bubble: euphoria, denial, fear, and desperation. When bitcoin fell under $7,000 and the market capitalization of the whole sector halved, the funeral preparations by nay-sayers were already underway. The fact that bitcoin has already survived five such bubbles doesn’t seem […]
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Time for Stock Market to Refocus on EarningsApril 11, 2018Earnings season couldn’t be coming at a better time for the stock market.
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There Is Plenty to Worry About in StocksApril 2, 2018The stock market has been misbehaving in 2018, and the erstwhile pattern of 2 to 3 percent corrections followed by new highs has been broken. First, there was a 12 percent mini-crash, then a rally, then another drawdown—and no new high, at least not yet. Most pundits think this is just a repeat of the […]
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Wall Street Drops as Regulation Worry Sinks Tech SharesMarch 19, 2018NEW YORK—U.S. stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares. Facebook shares tumbled 6.8 percent as Chief Executive Mark Zuckerberg faced calls from both U.S. and European lawmakers […]
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Tariffs: Trump’s Prelude to Ending Unfair Trade PracticesMarch 14, 2018President Donald Trump’s new tariffs on imported steel and aluminum look like an effort that goes beyond its stated rationale of preserving national security. The tariffs could be the first of a number of initiatives by the Trump administration to retaliate against unfair foreign trade practices. “We’re going to see who’s treating us fairly, who’s […]
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Jobs Surge and Stocks Soar as Trump Continues to Beat ExpectationsMarch 9, 2018A whopping 313,000 people entered the U.S. workforce in February, crushing the economists’ expectation of 205,000 by more than 50 percent. The report is a win for President Donald Trump, who promised to bring back jobs. The news sent stocks soaring and prompted a celebratory tweet from the president. “JOBS! JOBS! JOBS!” Trump wrote on […]
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TSX to Surge to Record High This Year, Then Stall in 2019: PollFebruary 28, 2018TORONTO—Canada’s main stock index will climb to a record high by the end of the year as the prospect of higher global inflation boosts the appeal of its resource shares, a Reuters poll found, but a rising recession risk will cap the index’s rise in 2019. The median forecast from the poll of over 30 […]
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Coinbase Charge Confusion Highlights Growing Pains of Digital Currency IndustryFebruary 24, 2018Certain customers of digital currency exchange Coinbase reported mysterious charges appearing on their credit and debit cards in late January and early February.
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Private Capital Heralds the Second Space RaceFebruary 17, 2018After decades of stagnation and decreasing government funding following the Cold War, the U.S. space industry has found new legs in recent years due to massive private financing and an increased interest from the Trump Administration.
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What’s Next for US StocksFebruary 16, 2018Investors spend hours crunching numbers and economic fundamentals, price-to-earnings ratios, and relative valuations. But at the end of the day, they trust their gut the most. “This market’s current temperament feels so much like either Japan in 1989 or the United States in 1999. And the events that have transpired so far this January make […]
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Bitcoin: Between Government and CompetitionFebruary 10, 2018During communist times in some Western countries and in China’s communist regime today, atheist governments supported churches financially. This initially seems contradictory. That is only because we have a skewed understanding of what help is. Aid from government tends to be damaging in the long run. What government funds, government can control. In those countries, the […]
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From Greed to FearFebruary 9, 2018The 4 percent crash in the U.S. dollar in January didn’t harm the stock market, given that the S&P 500 rose 7.4 percent through January before the recent crash. Neither did the 0.45 percent rise in yields to 2.85 percent on the 10-year Treasury. People thought those two factors would not hurt stocks. Yes, the […]
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White House Responds to Monday’s Historic Dow DiveFebruary 6, 2018The White House issued a statement in response to the historic plunge of the Dow Jones Industrial Average on Monday. After the Dow suffered the biggest single-day drop in history, White House Press Secretary Sarah Sanders pointed to sound economic indicators and prospects for further growth. “The President’s focus is on our long-term economic fundamentals, […]
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US Fed in Transition Doesn’t Rock the BoatJanuary 31, 2018The U.S. Federal Reserve left its key policy rate range unchanged at 1.25 percent to 1.50 percent, as was widely expected on Jan. 31.
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US Authorities Charge Three Banks, Eight Individuals in Futures ‘Spoofing’ ProbeJanuary 29, 2018WASHINGTON—The U.S. Justice Department and the country’s derivatives regulator said on Monday they had filed civil and criminal charges against three European banks, which paid $46.6 million to settle the cases, and eight individuals for alleged in U.S. futures and commodities market. UBS, Deutsche Bank and HSBC and former traders at the banks, as well […]
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US Bonds Selloff Could Impact Debt-Ridden CanadaJanuary 25, 2018While U.S. stock markets soar to record highs after the passing of the Trump administration’s Tax Cuts and Jobs Act, bonds face a rough ride.
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Tech Firms to Carry On IPO Boom in 2018January 20, 2018Bankers hope technology companies will drive IPO listings to further heights in 2018.
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Dow Crosses 26,000 For The First TimeJanuary 16, 2018The Dow eased slightly after hitting the 26,000 mark for the first time on Tuesday, as earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup. The largest U.S. health insurer rose 2.6 percent after reporting results that beat analysts’ estimates and raised full-year profit forecast. Citigroup Inc rose 0.72 […]
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When Will the Bitcoin Bubble Pop?January 11, 2018The value proposition of bitcoin is that it exceeds gold in every one of Austrian economist Carl Menger’s elements of liquidity, except one: stability. The reasons for why bitcoin can never be stable, and therefore can have no monetary value, are subtle and far beyond the grasp of most economists, much less amateur speculators. Since […]
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Stock Buybacks Are Nothing but Margin SpeculationJanuary 11, 2018Buying stocks on margin is buying stocks with money you don’t have. Usually, it’s speculators who engage in this risky practice that can be profitable as long as the market keeps going up. Let’s say you have $10,000 in an account with your stockbroker. Under normal circumstances, you could buy up to $30,000 worth of […]
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Russia Stakes Claim, Challenges US in Global Liquefied Natural Gas MarketJanuary 4, 2018Russia hopes its $27 billion Yamal liquefied natural gas project will dent United States' recent inroads into the European natural gas market, which Russia has dominated for decades.
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Dow Breaks Above 25,000 For First TimeJanuary 4, 2018The Dow Jones Industrial Average sailed past the 25,000-mark for the first time on Thursday, while other major indexes rose to new highs after a strong private jobs report added to a bullish sentiment from indications of robust growth in major economies. The ADP National Employment Report showed that U.S. private employers added 250,000 jobs in December, […]
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David Drake: Crypto Market to Hit a Trillion Dollars in 2018December 29, 2017Some people know about investing; some people know investors. David Drake knows both. Through his private family office LDJ Capital he has invested in dozens of companies and investment funds. In his investments, Mr. Drake has partnered with scores of the top family offices across the globe. In this exclusive interview with The Epoch Times, […]
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The Cash on the Sidelines MythDecember 14, 2017Although the returns aren’t bitcoin-like, the good old stock market is up 19 percent this year, with the S&P 500 closing at fresh all-time highs almost daily. And despite sky-high valuations, many pundits believe there is room to go higher. One of the most common arguments stock investors use is that “there is a lot […]
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Bitcoin Slips to Around $16,300, Futures Volumes DropDecember 12, 2017SINGAPORE—Virtual currency bitcoin dipped slightly from the previous session’s record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend. Bitcoin was quoted at $16,390 on the Luxembourg-based Bitstamp exchange, down half a percent or $80 from its previous close. The world’s biggest […]
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Bitcoin Futures Surge Past $17,000 on Launch DayDecember 10, 2017SYDNEY–Futures in bitcoin, which has taken global financial markets by storm, swung above their launch price, while the dollar kept gains in Monday’s Asian session on expectations the Federal Reserve will stick to its tightening path. The front-month bitcoin futures contract on the Chicago-based CBOE Futures Exchange surged past $17,000 on Monday, the first day of […]