Big Tech’s “Political Reckoning” May Fuel A Stock Market Crash In 2020

Legendary debt economist Anatole Kaletsky believes political headwinds for “Big Tech” could trigger a stock market crash. The monster rally in the Nasdaq has largely been fueled by gains in trillion-dollar companies Apple and Google. Accusations of monopolistic tactics and privacy scandals are potential catalysts for a “reckoning” for stocks in 2020. With all major …

Where Peloton (PTON) Ranks Among the Stock Market’s 2019 IPO Disasters

IPO stock prices for Peloton Interactive are looking as stationary as its high tech stationary bicycles. The New York City-based luxury exercise company’s stock slid 6.9% from its IPO price right out the gate. Trading on the Nasdaq under the stock ticker (PTON), Peloton opened Thursday at $27 per share, down from $29 Wednesday evening. …

Rare Trump Concession on China Spikes Major Stock Markets

President Donald Trump’s unexpected delay of tariffs on Chinese goods is encouraging investors. | Source: AP Photo/Evan Vucci Major stock market indices saw a large spike in aftermarket futures trading with the S&P, Nasdaq, and others indicating a solid opening following a move by U.S. President Donald Trump to delay tariffs. As U.S. stock market …

Dow Recovery Collapses After UBS Downgrade Ravages Key Stock

By CCN: The Dow and broader U.S. stock market traded mixed-to-lower on Thursday, with Verizon Communications (VZ) emerging as the unlikely laggard after an analyst at UBS painted a dismal outlook on the telecom giant. Dow Slides; S&P 500 Stable Wall Street’s major indexes traded mixed Thursday, which reflects a tepid pre-market for Dow futures. …