Bitcoin Price Dips Below $9,000 as Global Stocks Slump

Bitcoin price teetered on the brink of $9,000, breaking down along with global stock prices. Analysts believe the Friday slump across markets is a response to the still uncertain trade deal between the US and China. Stock Market Gloom May…

Expect a Massive Year-End Rally for U.S. Stocks Expect a Massive Year-End Rally

There’s a good chance that stocks finish 2019 with a powerful rally. Catalysts include positive seasonality, strong market breadth, bearish sentiment, desperate fund managers, and a more dovish FOMC. Fear of recession and a poor outcome to the trade war…

China’s Blockchain, Tech Stocks Surge on Xi’s Comments

Chinese President Xi Jinping’s pro-blockchain comments were credited as the main reason behind the crypto market rally that has defied all expectations since last Friday. However, Xi’s remarks also benefited local tech firms. Shenzhen Tech Index Up to Highest Level…

3 Airline Stocks are Poised for a Big Rebound After WTO Tariff Dip, Analysts Say 3 Airline Stocks to Buy

U.S. airlines, their passengers and European plane-maker Airbus are all fretting about President Trump’s plan to impose $7.5 billion worth of tariffs on European goods that will make Airbus jets 10% more expensive to U.S. customers. Contrarian investors on the…

‘Definitely Not a Recession’ says Economist Stocks Plow Through Slump

According to Tressis chief economist Daniel Lacalle, markets are not pricing in a recession as stocks avoid a steep downturn. “Markets are not pricing a recession at all. Stocks have risen way above earnings growth and macro, so markets are…

Global Stocks Slump as Analysts Forecast 30% Gold Rally in 2020

As global stocks continue to slip fueled by the correction of Asian markets, analysts expect the gold price to surge by 30 percent heading into 2020. The Nikkei 225, a stock market index for the Tokyo stock exchange, plummeted by…

Airline Stocks Crash & Burn in Face of Climate Change ‘Flight Shame’

Airline stocks entered a punishing tailspin on Wednesday as rising costs threatened profits. United Airlines (NASDAQ: UAL) slid 4.72% to $83.69 per share. American Airlines (NASDAQ: AAL) was down 5.34% to $25.37. Delta Airlines (NYSE: DAL) fell 4.72% to $54.35.…

Gold Price Outshines Risk Assets as U.S. Stocks Approach Critical Inflection Point

The price of gold rallied Wednesday, extending its recovery to two days after stocks plunged over dismal economic data. Gold Rallies; Silver Follows Bullion shot above $1,500 a troy ounce, reaching a high of $1,511.30 on the Comex division of…

Shock U.S. Data Triggers Recession Alarm as Global Stocks Plunge

The unexpected fall in the U.S. equities market sent global stocks plunging as major stock indices in China and South Korea fell by 0.9 to 2 percent. The SSE Composite, which represents all stocks listed on the Shanghai Stock Exchange,…

Dow Bounces But Jackson Hole & Plunging Sentiment Stalk US Stocks

The Dow ripped higher on Friday, but risks are rising as Powell may disappoint at Jackson Hole and data shows the consumer is cracking. | Source: AP Photo/Richard Drew By CCN Markets: The Dow Jones surged higher on Friday, bouncing…