Recent Posts

Bitcoin plunges below $12,000 on Coinbase as rout accelerates; now down 40 percent from record

Bitcoin plunged at the end of a rocky week, taking the digital currency briefly below $11,000 and down 44 percent from its record high hit Sunday. Bitcoin had rallied to a record high above $19,800 on Sunday and was trading near $15,500 for much of Thursday New York time, according …

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Trump promotes corporate bonuses after GOP tax plan passes

Jonathan Ernst | Reuters President Donald Trump speaks after the U.S. Congress passed sweeping tax overhaul legislation, on the South Lawn of the White House in Washington, December 20, 2017. President Donald Trump on Friday cheered several corporations’ decisions to issue employee bonuses following the GOP’s passage of its tax …

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Bank stocks break out, could take sector to uncharted territory in 2018

Financials have surged 7 percent in the last month, and Todd Gordon of TradingAnalysis.com says they’ll continue to rally into 2018. According to Gordon, the current economic outlook seems to be in favor of bank stocks, thanks to recent moves in one area of the market: bonds. “Bonds are pressing …

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