Stocks could pop nearly 20 percent in 2018 according to a contrarian indicator from Bank of America Merrill Lynch which predicted last year’s surprising surge. The investment bank’s so-called Sell Side Indicator measures the average equity allocation recommended by its fellow Wall Street bank peers. The indicator shows Wall Street …

Founders Fund, run by Peter Thiel, a PayPal co-founder and early Facebook investor, has bought millions of dollars in bitcoin, The Wall Street Journal reported Tuesday, citing sources familiar with the situation. Bitcoin rose more than 11 percent to trade near $14,711, according to Coinbase, amid the report. The venture …

This year could prove to be another big year for biotech stocks after an impressive run in 2017. The SPDR S&P Biotech exchange-traded fund (XBI), was among the best-performing U.S.-listed ETFs last year, with a 43 percent annual gain. The only ETF that outperformed it was the iShares U.S. Home …

Hamed Malekpour | AFP | Getty Images Iranians chant slogans as they march in support of the government near the Imam Khomeini grand mosque in the capital Tehran on December 30, 2017. Tens of thousands of regime supporters marched in cities across Iran in a show of strength for the …

Notably, IBM is using Stellar’s network to develop a cross-border payments system with some large banks. Consulting firm Deloitte is also a partner. Bitcoin, the largest cryptocurrency by market cap at $232 billion, has lost its upward momentum over the last two weeks. The digital currency traded slightly higher Tuesday …

David Paul Morris | Bloomberg | Getty Images The silhouette of Mark Zuckerberg, chief executive officer and founder of Facebook Inc., is seen during the Oculus Connect 4 product launch event in San Jose, California, on Wednesday, Oct. 11, 2017. Germany started enforcing on Monday a controversial hate speech law …

Ezequiel Becerra | AFP | Getty Images The tail of the burned fuselage of a small plane that crashed, rests near trees in Guanacaste, Corozalito, Costa Rica on December 31, 2017. Condolences for the sudden death of an executive at the giant hedge fund Bridgewater Associates poured into the social …

Apple iPhone X volume expectations are still too high despite a recent correction in investor expectations, according to one Wall Street firm. CLSA warned clients on Tuesday that with fourth-quarter phone sales expectations lower and first-quarter 2018 numbers unlikely to improve, the market may still be too bullish on Apple …

Zhang Peng | LightRocket | Getty Images A man choosing chocolates in Shanghai, China. Chinese consumer stocks should do “really well” in 2018, Jonathan Fenby, China chairman at TS Lombard, told CNBC on Tuesday. Fenby reasoned that this was due to the Chinese government’s policies. “If you believe in the …

Carlos Barria | Reuters President Donald Trump, left, and Jerome Powell, the new chairman of the Federal Reserve on Thursday, Nov. 2, 2017. The dollar has limped into 2018, slumping to a four-month low against a strengthening euro on Tuesday. The move reflected the trend across 2017 that saw the …