The Bitcoin Price Just Did Something It’s NEVER Done Before

The bitcoin price just did something it has NEVER done before, and it’s great news for bulls who view crypto as a stock market hedge. | Source: Shutterstock By CCN Markets: Bitcoin has been hawked as a safe haven asset for quite some time now, with bulls crediting the rising price of the cryptocurrency in …

Trump Ups the Ante on China While Bitcoin & Gold Shine Bright

As Charles Schwab’s Liz Ann Sonders points out, this rift between President Trump and China is no longer just a “skirmish.”  | Source: Shutterstock By CCN Markets: China had to see this one coming. After China President Xi Jinping revealed his intentions to slap fresh tariffs on $75 billion in U.S. goods, President Trump raised …

Dow Claws Higher, But Will These Trump Tweets Threaten Trade Deal?

The Dow attempted to claw to a new record high on Monday as a resilient US stock market brushed off two potential escalations to lingering risks from the US-China trade war. Dow Eyes 5-Day Winning Streak All of Wall Street’s major indices traded slightly higher during the morning session. Shortly after the opening bell, the …

Inflamed Trade War Tensions Threaten to Send the Dow Reeling

By CCN: The Dow Jones has remained relatively stable throughout recent weeks, keeping the 25,500 point level intact amidst rising tension between the U.S. and China. The Dow Jones has remained stable throughout the past month despite growing concerns of a long-lasting trade war (source: Yahoo Finance) With analysts in both the U.S. and China …

Jamie Dimon Defends Trump’s Tariff War as Stock Market Bleeds

By CCN: Jamie Dimon has been in the news with a number of surprising opinions lately, but his latest interview could perhaps be the most maverick. Speaking to Poppy Harlow on CCN Business, the JPMorgan CEO revealed that – contrary to the stock market’s horrified consensus over Donald Trump’s aggressive posturing on trade tariffs with …

Hong Kong is Another Loser in the US-China Trade War

Eric Lam reports for Bloomberg: “The trade war between the U.S. and China and slowing retail sales dragged Hong Kong’s economic growth down at the end of last year, with exports showing almost ‘zero growth.’” What’s astounding to me is that the people of the world accept that peaceful acts of commerce between consenting adults …

Is Kudlow Shorting the Dow? Stock Market Plunges as Top Trump Adviser Says US & China ‘Miles’ Apart on Trade

The Dow’s mid-week sell-off took an even steeper turn on Thursday after White House economic adviser Larry Kudlow broke from the Trump administration talking point that the United States and China are close to reaching an agreement to end the trade war before new tariffs kick in at the beginning of March. Kudlow: US & …

No Trade Deal Anytime Soon! Wilbur Ross Throws Cold Water on U.S.-China Negotiations

US Commerce Secretary Wilbur Ross said that the US and China will not sign a trade deal anytime soon. | Source: MANDEL NGAN / AFP By CCN.com: U.S. Commerce Secretary Wilbur Ross quelled expectations of an imminent free-trade agreement with China Thursday after he said Washington and Beijing remain “miles and miles” apart on a …