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Finance

Investors should ‘always be in’ the stock market

Ken Cedeno | Bloomberg | Getty Images Jack Bogle, founder of Vanguard Group. Vanguard founder and former CEO Jack Bogle says investors shouldn’t try to trade in and out of the stock market. The investor noted many people sold their stocks when markets took a severe fall during the financial …

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Cryptocurrency ether plunges again, decoupling from bitcoin  

Ether, one of the best-performing cryptocurrencies during the boom last year, is taking another nose dive on Wednesday. The world’s second largest cryptocurrency fell 8 percent to a low of $170.34, bringing its drop since the high in January to roughly 90 percent, according to CoinDesk. Ether typically rises and …

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Stocks making the biggest moves after hours: Sprint, Gilead and more

Andrew Harrer | Bloomberg | Getty Images Pedestrians walk past a Sprint store in Washington, D.C. Check out the companies making headlines after the bell: Sprint stock dipped as much as 1.8 percent in after-hours trading after the Federal Communications Commission released a letter pausing the transaction clock for the …

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Dimon’s JP Morgan is the clear winner on Wall Street since Lehman

Tim Sloan | AFP | Getty Images (L-R) Lloyd Blankfein, CEO of Goldman Sachs Group, Inc.; James Dimon, CEO of JPMorgan Chase & Company; John Mack, chairman of the Board of Morgan Stanley; and Brian Moynihan, CEO president of the Bank of America Corporation testify during the first public hearing …

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National team traders purchases of local equities

As the mainland Chinese stock market dropped in the second quarter, groups with government ties bought shares, according to a Goldman Sachs analysis. The “national team” of entities related to or influenced by the state was formed in 2015 to help support stocks during that summer’s market turmoil. The Shanghai …

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Three options strategies for the week: Sept 10

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw and Carter Worth like the Oil Services ETF Dan Nathan recommends a risk reversal in Box Mike Khouw recommends a put spread in Twitter Trader disclosure: Dan Nathan is long XLF Sept put spread. …

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Job gains, wage growth show Trump’s ‘economic boom continues’

Al Drago | Bloomberg | Getty Images Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media outside the West Wing of the White House in Washington, D.C., on Thursday, Aug. 16, 2018.  White House economic advisor Larry Kudlow is extremely optimistic about the U.S. …

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Five Below, GameStop & more

Daniel Acker | Bloomberg | Getty Images A shopper browses a selection of body boards outside a Five Below store in Bloomington, Illinois, on Wednesday, July 25, 2018.  Check out the companies making headlines after the bell: Five Below shares jumped more than 7 percent in after-hours trading after the …

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NFL’s Kendricks pleads guilty to insider trading scheme

Nick Cammett | Diamond Images | Getty Images Linebacker Mychal Kendricks of the Cleveland Browns during a preseason game against the New York Giants at MetLife Stadium in East Rutherford, New Jersey, August 8, 2018. Former NFL player Mychal Kendricks faces 25 years in prison after pleading guilty to insider …

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Citigroup is combining a pair of its Wall Street businesses

Bryan van der Beek | Bloomberg | Getty Images Jamie Forese, President of Citigroup Inc. and head of the institutional clients group, speaks at the Milken Institute Asia Summit in Singapore, on Friday, Sept. 19, 2014. Chief executive officers, senior government officials and leading figures in the global capital markets …

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