Investing

As a result, traders are turning to bond futures, where having more buyers and sellers makes entering and exiting positions easier. The futures market is often used for trading in oil, gold and agriculture products. Using the derivative products allows traders to bet on where prices will go without the hassle of having to buy
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Bitcoin dropped more than 6 percent over two hours Monday, below $7,000 as the April tax-filing deadline approaches. The cryptocurrency hit a low of $6,705.78 as of 9:27 a.m. ET Monday, according to data from CoinDesk. Bitcoin prices have fallen more than 27 percent over the past month. Tax-related selling has been a key driver
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As President Donald Trump piles on tariff threats, China could use other tactics to strike back at U.S. businesses and the economy, like driving down its own currency or barring U.S. service sector companies, according to Goldman Sachs economists. Trump upped the ante in the trade battle between the world’s two largest economies Thursday night
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The head of macro investing at billionaire George Soros’ family office is planning to trade cryptocurrencies, Bloomberg said Friday, citing sources familiar with the matter. Soros Fund Management’s Adam Fisher received internal approval to trade digital assets in the last few months, but has not taken action yet, the report said, citing sources. The firm
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Joshua Roberts | Reuters President Donald Trump speaks in support of Republican congressional candidate Rick Sacconne during a Make America Great Again rally in Moon Township, Pennsylvania, March 10, 2018. Investors shouldn’t overreact to every trade retaliation development between the U.S. and China, according to Citi Research. The firm said the tariff announcements aren’t as
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Check out which companies are making headlines before the bell: Amazon.com – Amazon remains on watch following another round of criticism from President Trump, who repeated that Amazon has unfair advantages and that he will study policies that will “level the playing field.” PayPal – Amazon is considering the use of its Alexa personal assistant
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J.P. Morgan warned General Electric shareholders that the industrial conglomerate’s deteriorating finances may lead to a lower debt rating. The firm reiterated its underweight rating for GE shares, saying the major rating agencies are overestimating the company’s credit worthiness. “With fundamentals worse than expected, little progress on asset sales, delays in material revenue recognition restatements,
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Monday’s broad-based sell-off pushed stocks below important technical levels, signaling more pain ahead for the market. “The story you just can’t avoid is the cracking leadership of this market,” said James Paulsen, chief investment strategist at Leuthold Group. In afternoon trading, 10 of 11 major S&P sectors were trading at correction levels Monday, 10 percent
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Fitbit fell sharply Monday after Morgan Stanley downgraded the stock, warning clients that it’s “hard to see a floor” for the price of company shares despite new technology. “We see more downside to the stock as revenues struggle to stabilize and cash burn resumes,” analyst Yuuji Anderson wrote Monday. “We think new smartwatches will be
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