Category Archive: Finance
Cryptocurrency News: Bitcoin Price Jump, Ether Fraud Fears
Bitcoin – Boosted by Upgrade The value of digital currency heavyweight bitcoin hit a near two-week high on Thursday as worries over a potential split in the cryptocurrency continued to ease. And according to a technical note from investment bank Goldman Sachs, BTCUSD could beat the June 12 high of $3,000. In a client note sent earlier this […]
The Avalanche Effect: Using Momentum To Your Advantage
Buy High… and Sell Higher As I mentioned last week, the easiest way to find the market’s hottest stocks is to look at a list of stocks trading at 52-week highs. Here you can find a list of Nasdaq issues at highs. And here’s a list compiled by The Wall Street Journal on the NYSE. Before drilling down on […]
Using Your 401K To Fund Your New Business With No Tax Penalty
As you become financially literate, you start to learn tips and tricks that the average person knows nothing about. One of our favorites is Rollovers for Business Startups – a way to use your 401(K) to finance your new business, with no tax penalty. Here’s how it works. In 1974, the Employee Retirement Income Security […]
It’s About Time, Kinder Morgan
Long-suffering Kinder Morgan (KMI) longs got some welcome news this week. After nearly two years of reduced payouts, Kinder Morgan will be aggressively hiking its dividend next year. Kinder will be bumping its annual payout from $0.50 to $0.80 next year, and plans to push it to $1.25 per share by 2020. That amouts to a 60% increase next […]
July 2017 Philly Fed Manufacturing Survey Declined But Remains In Expansion
The Philly Fed Business Outlook Survey declined but remains in expansion. Key elements are in expansion but significantly weaker. Analyst Opinion of the Philly Fed Business Outllook Survey This month new orders significantly declined and is barely in expansion. Consider this a weak report. The New York Fed’s manufacturing survey (released earlier this week) also […]
How To Get A Better Bargain On Your Investment With Emerging Europe
American equities have been a good place to invest during the current bull market, now in its eighth year. Since the November election, the S&P 500 Index has surged close to 16 percent. But this means that valuations continue to creep up, and political risk threatens to derail further gains as President Donald Trump’s high-growth […]
‘Woohoo!’ Brent Tops $50 For First Time Since June 7 As Oil Bulls Get Reprieve
Ok, well oil has had a decent couple days on the back of bullish inventory data and the possibility that the Saudis are redoubling efforts to balance the market. (BBG) Although US production is of course still running high, it’s worth noting that Cushing stockpiles dropped for a 9th week to 57.5 million barrels. That’s the […]
EUR/USD Leaps To Highest Since 2015 On Trump Trouble, Draghi
EUR/USD is trading at 1.1630, the highest since 2015. It moved to 1.1570 on Draghi’s failure to convince that tapering is coming. The fresh news about deeper Trump trouble is compounding the move. Special counsel Robert Mueller is examining Donald Trump’s business transactions including First Son in Law Jared Kushner and former campaign manager Paul Manafort. […]
Bitcoin Surges Above $2500 Following Goldman’s Bullish Note As ‘Civil War’ Ends
Bitcoin is up 40% from its weekend lows as the combination of a bullish Goldman Sachs note on the virtual currency and a major sigh of relief that the potential ‘civil war’ over cryptocurrency’s scaling solutions appears to be over (with over 80% of the hash rate currently voting for the protocol upgrade). The entire cryptocurrency space is […]
