Wall Street's weekly performance was near the flat line heading into Friday. Things started OK on the final trading day of the week, until President Donald Trump 's new China trade threats tanked the stock market. The S & P 500 lost 2.71% on Friday — the worst single-session decline...
Category: Finance
Why Wall Street’s old ‘wall of worry’ and new ‘debasement trade’ are boosting gold, bitcoin in typically volatile October
Gold and bitcoin have traded to record highs as investors look for protection in what's typically a volatile October for the market.Rising inflation and debt, a weakening U.S. dollar, the government shutdown, and Wall Street's newest buzz, the "debasement trade," have all boosted assets beyond stocks and bonds."This whole debasement...
NYSE-owner Intercontinental Exchange rises after it takes $2 billion stake in Polymarket
Traders work on the floor of the New York Stock Exchange. NYSEShares of New York Stock Exchange parent, Intercontinental Exchange, rose more than 1% after the company announced it took a $2 billion stake in prediction markets platform Polymarket.The deal values Polymarket at approximately $8 billion, both companies said in...
Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs
Investors may want to boost their exposure overseas."Home bias is about as bad as it's ever been in the United States. The average investor has far too much of their money sitting in the United States," ETF.com's Dave Nadig told CNBC's "ETF Edge" this week.Nadig, the firm's president and director...
Global casting call for top traders: From TV weatherman to dentist, FundSeeder finds hidden talent
Champpixs | Istock | Getty ImagesBrian Lovern started his career pointing at storm systems on a green screen as a local TV weatherman in western Kentucky. More than two decades later, he was staring at natural-gas price charts, turning forecasts into profits, producing annual returns upwards of 100%.Lovern, 49, had...