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Monthly Archives: April 2018

Bitcoin prices jump after Japanese online broker reportedly makes bid for a crypto exchange

Bitcoin prices rose above $7,400 Tuesday after reports that Japanese online brokerage firm Monex Group is looking to take over a recently-hacked Japanese cryptocurrency exchange Coincheck. The Japanese company plans to bid several billion yen for a majority stake in Coincheck as soon as this week, and will set up …

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Saudi oil tanker hit in Houthi attack off Yemen: Arabiya TV

ABDO HYDER | AFP | Getty Images A view of Yemen’s rebel-held Red Sea port of Hodeida on November 7, 2017. A Saudi oil tanker in the Red Sea was hit in a Houthi attack off Yemen’s main port city of Hodeidah, Saudi-owned Al-Arabiya television reported on Tuesday, citing a …

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Zimbabwe’s President Emmerson Mnangagwa makes first China state visit

Zimbabwe’s President Emmerson Mnangagwa (L) shakes hands with Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, on April 3, 2018. Zimbabwean President Emmerson Mnangagwa touched down in China this week for a five-day state visit which could bear fruits for his country’s troubled economy. …

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Disregard Trump’s Amazon ‘chatter’ and buy shares, Wall Street analyst says

Tax changes at Amazon would have “limited impact” on the e-commerce company’s profits despite a steady barrage of negative tweets from President Donald Trump, Piper Jaffray told clients Tuesday. Though revisions to the company’s tax policy remain unlikely, analyst Michael Olson told clients that even if the president were to …

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Shares of cryptocurrency play Longfin drop more than 20% after disclosing SEC investigation

The U.S. Securities and Exchange Commission is investigating trading activity in shares of Longfin, a tiny stock that surged astronomically in December after the firm announced a cryptocurrency-related acquisition, the company disclosed late Monday. Longfin (Ticker: LFIN) shares briefly plunged more than 26 percent in premarket trading Tuesday. The stock …

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Kuroda says the Bank of Japan is talking about an exit from its huge stimulus program

Kim Kyung-Hoon | Reuters Bank of Japan (BOJ) Governor Haruhiko Kuroda gestures during a news conference at the BOJ headquarters in Tokyo, Japan November 1, 2016. The Bank of Japan (BOJ) is currently discussing how to exit its massive stimulus program, but it’s too early to reveal any of the …

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A ‘big puke’ is coming in markets — Nick Colas breaks down new survey

A fresh poll suggests Wall Street optimism is very much alive — even as the S&P 500 and the Nasdaq fall into correction territory for the second time this year. DataTrek Research’s Nick Colas just finished a special market survey for the week ending March 31. It asked finance professionals …

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Tesla is facing an ‘existential crisis,’ says market watcher

A day after Tesla CEO Elon Musk’s April Fools’ joke that the company was facing bankruptcy, its shares lost $2.3 billion in value. One market watcher wonders whether the joke was a prank or a cry for help as the electric car maker faces mounting pressure. “Behind every good joke …

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Tech stocks correction has only just started, expert says

Michael Nagle | Bloomberg | Getty Images A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, June 29, 2017. This week kicked off with more bad news for tech stocks, dragging major U.S. indexes into correction territory and prompting one …

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German prosecutors file for extradition of ex-Catalan leader Puigdemont

Pau Barrena | AFP | Getty Images Catalan regional government president Carles Puigdemont attends a regional government meeting at the Generalitat Palace in Barcelona on October 10, 2017. German prosecutors filed a request to a regional court on Tuesday for the extradition of former Catalan president Carles Puigdemont to Spain, …

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