Dow Jones Industrial Average (.DJI) slightly lower as the Fed kicked off its two-day monetary policy meeting

Dow Jones Industrial Average (.DJI) slightly lower as the Fed kicked off its two-day monetary policy meeting

Dow Jones Industrial Average (.DJI) slightly lower as the Fed kicked off its two-day monetary policy meeting The Dow Jones Industrial Average was slightly lower in the stock market today as the Fed kicked off its two-day monetary policy meeting and oil prices plunged. The Nasdaq composite held a 0.1% gain, the S&P 500 was fractionally higher […]

United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents

United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents

United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents Gas prices already are rising after an attack badly damaged two oil facilities in Saudi Arabia over the weekend, disrupting world oil supplies and sending crude oil prices up 15% on Monday. The average national gasoline price in the U.S. […]

Apple Inc. (NASDAQ:AAPL) stock is found in both value and growth funds

Apple Inc. (NASDAQ:AAPL)  stock is found in both value and growth funds

Apple Inc. (NASDAQ:AAPL) stock is found in both value and growth funds As the “Great Rotation” grips the U.S. stock market, more investors are turning to “value” stocks, or those that are considered comparatively underpriced or overlooked. In the past couple of weeks, while the main U.S. stock indexes SPX, +0.26% DJIA, +0.13% COMP, +0.40%   have hovered near all time highs, investors […]

Bitcoin: USD/BTC (BTC=X) bears have gained an upper hand in the last 24 hours

Bitcoin: USD/BTC (BTC=X) bears have gained an upper hand in the last 24 hours

Bitcoin: USD/BTC (BTC=X) bears have gained an upper hand in the last 24 hours Bitcoin is down again, but some observers believe the losses could be reversed after a U.S. interest rate cut expected Wednesday. The leading cryptocurrency by market value fell to lows below $10,100 yesterday, marking a downside break of the narrowing price […]

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains In the latest trading session, Facebook (FB) closed at $188.08, marking a +1% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.26%. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, added 0.4%. Prior to today’s trading, shares of the […]

Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed

Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed

Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed The US Dollar has rallied more than 3.6% against the Japanese Yen since the August lows / yearly lows with price now approaching broader downtrend resistance ahead of tomorrow’s highly anticipated FOMC interest rate decision. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart. USD/JPY […]

Shanghai: SSE Composite Index (.SSEC) key stock index falls by the most in 10 weeks

Shanghai: SSE Composite Index (.SSEC) key stock index falls by the most in 10 weeks

Shanghai: SSE Composite Index (.SSEC) key stock index falls by the most in 10 weeks China’s stocks dropped by their most in 10 weeks on concern policymakers were not doing enough to arrest the decline in the nation’s economic growth, while a recent rally of smaller companies was judged to have been excessive. Hong Kong’s […]

Euro: USD/EUR (EUR=X) on the rise

Euro: USD/EUR (EUR=X) on the rise

Euro: USD/EUR (EUR=X) on the rise The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). It has been reported that Saudi Arabia’s oil output should return to normal faster than anticipated. This improved improved the market sentiment and sent USD down and EUR/USD up. […]

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC

Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC The Australian Dollar is virtually unchanged against the US Dollar since the start of the week and heading into tomorrow FOMC interest rate decision, the focus is on a break of the objective weekly opening-range for guidance. These are the updated targets and invalidation levels that matter on the AUD/USD price chart.  […]

DAX PERFORMANCE-INDEX (.GDAXI) holds above Monday lows

DAX PERFORMANCE-INDEX (.GDAXI) holds above Monday lows

DAX PERFORMANCE-INDEX (.GDAXI) holds above Monday lows The price for the DAX failed to close the opening gap yesterday, with gains faltering at 12,400. However, downside was also limited, so another push above 12,400 may occur, with a target in the first instance of 12,500, before a fresh move towards 12,600. The current bounce is yet to […]

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead There are no major indicators on the schedule, so investors are casting an eye ahead towards Wednesday, with key events on both sides of the pond. The U.K. will release the August consumer inflation report. Recent CPI releases have been around the 2.0% level, which […]

Alibaba Group Holding Limited (NYSE:BABA) Dips More Than Broader Markets: What You Should Know

Alibaba Group Holding Limited (NYSE:BABA) Dips More Than Broader Markets: What You Should Know

Alibaba Group Holding Limited (NYSE:BABA) Dips More Than Broader Markets: What You Should Know The 10th of September was a day that some holders of Alibaba (NYSE:BABA) stock were dreading: Jack Ma, the company’s flamboyant co-founder and chairman for 20 years, finally stepped down from his position on his 55th birthday. He’ll continue to serve as as part of […]

Fred’s, Inc. (NASDAQ:FRED) stock to be delisted starting Wednesday

Fred’s, Inc. (NASDAQ:FRED) stock to be delisted starting Wednesday

Fred’s, Inc. (NASDAQ:FRED) stock to be delisted starting Wednesday Fred’s common stock is set to be delisted from the Nasdaq market exchange beginning Wednesday, Sept. 18.  The stock may be eligible for listing on the over-the-counter Pink Sheets, with a Q in the ticker symbol indicating the company is in bankruptcy.  Fred’s also filed a […]

Ethereum: USD/ETH (ETH=) currently consolidating gains and it might soon attempt to climb above the $200 resistance

Ethereum: USD/ETH (ETH=) currently consolidating gains and it might soon attempt to climb above the $200 resistance

Ethereum: USD/ETH (ETH=) currently consolidating gains and it might soon attempt to climb above the $200 resistance Yesterday, we saw a nice upward move in ETH price above the $185 resistance against the US Dollar. Moreover, we discussed the chances of more upsides and a test of the $200 level. The price did climb higher, […]

Dow Jones Industrial Average (.DJI) snaps 8-session win streak after attack on Saudi oil facilities sends crude soaring

Dow Jones Industrial Average (.DJI) snaps 8-session win streak after attack on Saudi oil facilities sends crude soaring

Dow Jones Industrial Average (.DJI) snaps 8-session win streak after attack on Saudi oil facilities sends crude soaring U.S. stocks ended lower Monday after a weekend attack on Saudi Arabia’s oil-production facilities unsettled global markets, halted the Dow’s eight-session winning streak and sent crude prices rocketing higher. The attacks played out in the Middle East […]

Tesla, Inc. (NASDAQ:TSLA) to reduce the number of vehicles sitting at its California factory

Tesla, Inc. (NASDAQ:TSLA) to reduce the number of vehicles sitting at its California factory

Tesla, Inc. (NASDAQ:TSLA) to reduce the number of vehicles sitting at its California factory Tesla will make a change to its delivery system next quarter designed to reduce the number of vehicles sitting at its Fremont, California, factory, Electrek‘s Fred Lambert reported. According to Electrek, Tesla will immediately send custom-ordered vehicles to local delivery hubs, instead […]

Bitcoin: USD/BTC (BTC=X) consolidation may end up with bullish breakout

Bitcoin: USD/BTC (BTC=X) consolidation may end up with bullish breakout

Bitcoin: USD/BTC (BTC=X) consolidation may end up with bullish breakout Bitcoin’s latest bout of consolidation may end up with bullish breakout, as a key metric of miner confidence has hit all-time highs. The top cryptocurrency by market value has clocked lower daily highs and higher daily lows over the last three days and is currently […]

United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view

United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view

United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view Oil prices dipped Tuesday but held most of the previous day’s record gains following an attack on Saudi facilities that wiped out half the country’s output, with traders nervously awaiting the US response after it said Iran was likely to […]

Apple Inc. (NASDAQ:AAPL) embarks on EU court battle over 13-bn-euro tax bill

Apple Inc. (NASDAQ:AAPL)  embarks on EU court battle over 13-bn-euro tax bill

Apple embarks on EU court battle over 13-bn-euro tax bill Apple embarks on an epic court battle with the EU on Tuesday, fighting the commission’s landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes. Lawyers for the world’s biggest company will face EU officials in a Luxembourg court, challenging […]

Facebook, Inc. (NASDAQ:FB) to stop news headline changes from advertisers

Facebook, Inc. (NASDAQ:FB)  to stop news headline changes from advertisers

Facebook, Inc. (NASDAQ:FB) to stop news headline changes from advertisers Facebook said Monday it is working to stop advertisers from changing headlines in links to news stories after concerns raised by a British political party’s altering of one such link. The leading social network confirmed the internal effort in the face of concerns over a […]

Alphabet Inc. (NASDAQ:GOOG) expected to unveil new Pixel phone on Oct. 15

Alphabet Inc. (NASDAQ:GOOG) expected to unveil new Pixel phone on Oct. 15

Alphabet Inc. (NASDAQ:GOOG) expected to unveil new Pixel phone on Oct. 15 Google on Monday sent out invitations to an October 15 event starring “things Made by Google,” with a new Pixel smartphone expected in the line-up. The unveiling in New York City is likely to spotlight Google’s Android-powered challenge to the latest generation of […]

Shanghai: SSE Composite Index (.SSEC) stocks mixed after downbeat economic data

Shanghai: SSE Composite Index (.SSEC) stocks mixed after downbeat economic data

Shanghai: SSE Composite Index (.SSEC) stocks mixed after downbeat economic data China stocks started the week on a mixed note after bleak economic data reinforced hopes Beijing will roll out more stimulus to underpin the economy and as investors pondered over the latest developments in the Sino-U.S. tariff war. The CSI300 index fell 0.2%, to […]

Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia

Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia

Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia The US dollar gapped lower against the Japanese yen as traders raced for caution and safety in the aftermath of those drone attacks. However, we have since spent the rest of the day trying to fill […]

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East

Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East The Australian Dollar remained focused like most markets on rising crude prices following last weekend’s drone strike on crucial Saudi infrastructure and failed to move much on news that both Chinese industrial production and retail sales had missed forecasts. August’s industrial production rose by 4.4% on the year. That […]

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war

New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war NZD/USD ended the week on a whimper and the lack of activity has continued on Monday. In the Asian session, the pair is trading at 0.6385, up 0.02% on the day. Ahead – Consumer Confidence Consumer confidence has dipped, as […]

Euro: USD/EUR (EUR=X) rebounds of down-trend resistance

Euro: USD/EUR (EUR=X) rebounds of down-trend resistance

Euro: USD/EUR (EUR=X) rebounds of down-trend resistance Euro reversed off downtrend resistance against the US Dollar last week with decline now testing monthly open support. The immediate focus is on a breakout of last week’s range – these are the updated targets and invalidation levels that matter on the EUR/USD price chart. Technical Outlook In this month’s Euro Weekly Price Outlook we noted […]

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting There are two primary reasons why traders should keep expectations low for the September BOE meeting. The first reason is typical in nature, at least since the June 2016 Brexit: the BOE is doing everything it can to stay neutral to not […]

Canadian Dollar: USD/CAD (CAD=X) Rallies with Oil Prices

Canadian Dollar: USD/CAD (CAD=X) Rallies with Oil Prices

Canadian Dollar: USD/CAD (CAD=X) Rallies with Oil Prices The Canadian dollar gapped higher in Asia when oil prices surged upwards. West Texas Intermediate jumped to $63.15 U.S./barrel after closing on Friday at $54.83/b after news that drone attacks on Saudi Arabian oil fields knocked over 50% of the Kingdom’s oil production offline. There isn’t any […]

United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption

United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption

United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable short interest, including Apache Corp., Continental Resources […]

Apple Inc. (NASDAQ:AAPL) is becoming a camera company

Apple Inc. (NASDAQ:AAPL) is becoming a camera company

Apple Inc. (NASDAQ:AAPL) is becoming a camera company The iPhone 11 models Apple launched this week were more camera than phone. Sure, they can still send texts, download apps, and make video calls, but Apple spent a lot of time and effort marketing its new phones as powerful photography machines. It’s the latest sign that camera technology is where […]

Bitcoin: USD/BTC (BTC=X) price stumbles as its average transaction size and fee fall too

Bitcoin: USD/BTC (BTC=X) price stumbles as its average transaction size and fee fall too

Bitcoin: USD/BTC (BTC=X) price stumbles as its average transaction size and fee fall too Bitcoin is down about 0.3% from the previous day, putting its price at $10,341.21 US dollars at the time of this writing. The down day for Bitcoin yesterday was a reversal from the day before it. Price now stands at 1.77% […]

The Boeing Company (NYSE:BA) committee expected to make safety recommendations

The Boeing Company (NYSE:BA) committee expected to make safety recommendations

The Boeing Company (NYSE:BA) committee expected to make safety recommendations A small committee from Boeing’s board is expected to deliver safety recommendations to the full board this week, according to a source with knowledge of the situation. The committee is expected to call for changes to the company’s structure — including the creation of new […]

Dow Jones Industrial Average (.DJI) Look For Lead-Out Breakout

Dow Jones Industrial Average (.DJI) Look For Lead-Out Breakout

Dow Jones Industrial Average (.DJI) Look For Lead-Out Breakout While Small Caps stole the show last week, it may be the time for Large Caps to step up to the plate. Leading the charge is the S&P. The index is sitting just below resistance after ending the week just shy of a break of 3,025. Technicals […]

Shanghai: SSE Composite Index (.SSEC) Waiting On Data

Shanghai: SSE Composite Index (.SSEC) Waiting On Data

Shanghai: SSE Composite Index (.SSEC) Waiting On Data Ahead of Friday’s holiday for the Mid-Autumn Festival, the China stock market had halted the two-day slide in which it had fallen more than 15 points or 0.5 percent. The Shanghai Composite Index now rests just above the 3,030-point plateau and it’s looking at a narrow trading […]

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade

New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade The New Zealand Dollar closed lower against the U.S. Dollar on Friday as investors continued to show almost no reaction to a number of conciliatory gestures between the United States and China that could be signaling an easing of tensions over the prolonged trade […]

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction The Pound-to-Dollar rate is set to begin trading around 1.2485 at the beginning of the new week after closing the previous one around 1.68% higher on Friday and studies of the charts suggest the pair has established a new uptrend that could take it […]

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports

Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports The Australian dollar continued to post gains last week, despite disappointing confidence numbers. NAB business confidence slowed to 1 point, in August marking a 4-month low. There was no relief from Westpac consumer sentiment, which fell by 1.7% in July, its third […]

Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement

Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement

Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement The Dollar/Yen reached its highest level since August 1 last week as investors continued to shed the safe-haven Japanese Yen in reaction to an easing of tensions between the United States and China, an improving U.S. economy and speculation that the Bank of Japan […]

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures

Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures Both the Euro and US Dollar were fairly volatile last week, driven by shifts in global trade sentiment as well as the latest central bank news and speculation, but the Euro to US Dollar (EUR/USD) exchange rate ultimately closed the week fairly closely to its opening […]

Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know

Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know

Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know Twitter (TWTR) closed the most recent trading day at $43.20, moving -0.12% from the previous trading session. This change lagged the S&P 500’s 0.29% gain on the day. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.3%. Prior to today’s trading, […]

Facebook, Inc. (NASDAQ:FB) expected to rise from $200 to $275

Facebook, Inc. (NASDAQ:FB) expected to rise from $200 to $275

Facebook, Inc. (NASDAQ:FB) expected to rise from $200 to $275 Few months ago, I wrote an article on estimating Facebook’s (FB) future target prices, using then analysts’ forecast financials. Since the model’s forecast prices turned out to be reasonably accurate (Figure 2B below) and the current forecasts of forward financials have changed somewhat from March, it […]

Bitcoin: USD/BTC (BTC=X) price breaks to $10300

Bitcoin: USD/BTC (BTC=X) price breaks to $10300

Bitcoin: USD/BTC (BTC=X) price breaks to $10300 Bitcoin (BTC) is not the king of cryptocurrencies without any reasons. Bitcoin price has finally broken through the downward wedge triangles and is now headed towards new highs. In the past twenty-four hours (24hrs) Bitcoin price has seen the high point of ten thousand four hundred and sixty-one […]

Tesla, Inc. (NASDAQ:TSLA) Sinks As Market Gains

Tesla, Inc. (NASDAQ:TSLA) Sinks As Market Gains

Tesla, Inc. (NASDAQ:TSLA) Sinks As Market Gains Tesla (TSLA) closed the most recent trading day at $245.87, moving -0.5% from the previous trading session. This change lagged the S&P 500’s daily gain of 0.29%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.3%. Heading into today, shares of the electric car […]

Alphabet Inc. (NASDAQ:GOOG) ordered by NLRB to assure employees they can speak out on workplace issues

Alphabet Inc. (NASDAQ:GOOG) ordered by NLRB to assure employees they can speak out on workplace issues

Alphabet Inc. (NASDAQ:GOOG) ordered by NLRB to assure employees they can speak out on workplace issues Google, a unit of Alphabet Inc. GOOGL, +1.23%, has been ordered by federal regulators to assure its employees that they are allowed to speak out on workplace issues, according to a report in The Wall Street Journal. The report, which cited […]

Apple Inc. (NASDAQ:AAPL) stock heads for 4th straight gain to 11-month high

Apple Inc. (NASDAQ:AAPL) stock heads for 4th straight gain to 11-month high

Apple Inc. (NASDAQ:AAPL) stock heads for 4th straight gain to 11-month high Shares of Apple Inc. AAPL, -0.23% rose 0.9% in midday trading, putting them on track for a fourth-straight gain. The stock, which has rallied 5.8% during the win streak, is also headed for the highest close since Oct. 9, 2018. The stock’s gains come in the […]

Dow Jones Industrial Average (.DJI) logs 7th gain in a row on renewed trade optimism

Dow Jones Industrial Average (.DJI) logs 7th gain in a row on renewed trade optimism

Dow Jones Industrial Average (.DJI) logs 7th gain in a row on renewed trade optimism The Dow marked its longest win streak in more than a year Thursday, after the European Central Bank’s announced fresh stimulus measures, including an interest-rate cut that moved a deposit rate further into negative territory, raising hopes that the Federal […]

Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200

Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200

Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200 Recently, there was a downside correction in ETH price below the $180 support against the US Dollar. However, the $175 level acted as a decent support and prevented further losses. Moreover, bitcoin price held the $10,000 support and it bounced back above $10,250 and $10,300. It helped altcoins […]

United States Oil (USO) lower as optimism over an end to the US-China trade war faded

United States Oil (USO) lower as optimism over an end to the US-China trade war faded

United States Oil (USO) lower as optimism over an end to the US-China trade war faded Oil futures fell on Friday as optimism over an end to the US-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Brent crude was down 17 cents, or 0.3 per cent, at […]

Ethereum: USD/ETH (ETH=) Price In Corrective Decrease But Likely To Bounce Back

Ethereum:  USD/ETH (ETH=) Price In Corrective Decrease But Likely To Bounce Back

Ethereum: USD/ETH (ETH=) Price In Corrective Decrease But Likely To Bounce Back After forming a short term top near $186, ETH price started a downside correction against the US Dollar. It broke the $180 support level and the 100 hourly simple moving average to enter a negative zone. Moreover, the recent decline in bitcoin pushed Ethereum below […]

Bitcoin: USD/BTC (BTC=X) volatility reached the lowest level in over four months

Bitcoin: USD/BTC (BTC=X) volatility reached the lowest level in over four months

Bitcoin: USD/BTC (BTC=X) volatility reached the lowest level in over four months Bitcoin volatility reached the lowest level in over four months.  Bitcoin has been suffering due to relative stagnation over the past weeks, and the measure of volatility went down to its lowest in nearly four months. The 30-day volatility of the digital currency […]

Apple Inc. (NASDAQ:AAPL) reclaimed its status as a trillion-dollar company

Apple Inc. (NASDAQ:AAPL) reclaimed its status as a trillion-dollar company

Apple Inc. (NASDAQ:AAPL) reclaimed its status as a trillion-dollar company Apple Inc. reclaimed its status as a trillion-dollar company Wednesday, hitting that level for the first time since last November on the day after it showed off its next iPhones. Apple AAPL, +3.18%  introduced its new lineup of iPhones and revealed pricing details for its forthcoming gaming and video […]

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains: What You Should Know

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains: What You Should Know

Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains: What You Should Know Facebook (FB) closed the most recent trading day at $188.49, moving +1.25% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.72%. Elsewhere, the Dow gained 0.85%, while the tech-heavy Nasdaq added 1.06%. Heading into today, shares of the […]

Amazon.com, Inc. (NASDAQ:AMZN) Probed by U.S. Antitrust Officials Over Marketplace

Amazon.com, Inc. (NASDAQ:AMZN) Probed by U.S. Antitrust Officials Over Marketplace

Amazon.com, Inc. (NASDAQ:AMZN) Probed by U.S. Antitrust Officials Over Marketplace A team of Federal Trade Commission investigators has begun interviewing small businesses that sell products on Amazon.com Inc. to determine whether the e-commerce giant is using its market power to hurt competition. Several attorneys and at least one economist have been conducting interviews that typically last about 90 […]

Tesla, Inc. (NASDAQ:TSLA) extending their gains to a third straight session

Tesla, Inc. (NASDAQ:TSLA) extending their gains to a third straight session

Tesla, Inc. (NASDAQ:TSLA) extending their gains to a third straight session Shares of Tesla Inc. TSLA, +4.91% on Wednesday hovered at their best in seven weeks and extended their gains to a third straight session. The stock is up more than 8% in September, a contrast with losses of nearly 7% in August. Chief Executive Elon Musk late […]

Canadian Dollar: USD/CAD (CAD=X) Locking in Gains

Canadian Dollar: USD/CAD (CAD=X) Locking in Gains

Canadian Dollar: USD/CAD (CAD=X) Locking in Gains The Canadian dollar is consolidating its recent gains. Last week’s robust employment report may have reduced the incentive for the Bank of Canada to trim interest rates at its October meeting which underpinned the currency. Overnight, China announced it was exempting more than a dozen U.S. imports from […]

United States Oil (USO) lower squeezed by speculation of sanctions-hit Iranian crude returning to the market

United States Oil (USO) lower  squeezed by speculation of sanctions-hit Iranian crude returning to the market

United States Oil (USO) lower squeezed by speculation of sanctions-hit Iranian crude returning to the market Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast. Brent crude futures rose 51 cents, or 0.6%, to […]

Dow Jones Industrial Average (.DJI) notches fifth straight gain as investors eye potential change in leadership

Dow Jones Industrial Average (.DJI) notches fifth straight gain as investors eye potential change in leadership

Dow Jones Industrial Average (.DJI) notches fifth straight gain as investors eye potential change in leadership U.S. stocks closed at session highs Tuesday as a rally in energy, industrials and materials stocks overshadowed a selloff in momentum-driven technology shares, helping the Dow extend its win streak to five sessions and the S&P 500 index avoid […]

NASDAQ Composite (.IXIC) retreats below 50-day moving average as stock market skids lower early Tuesday

NASDAQ Composite (.IXIC) retreats below 50-day moving average as stock market skids lower early Tuesday

NASDAQ Composite (.IXIC) retreats below 50-day moving average as stock market skids lower early Tuesday The Nasdaq Composite traded solidly lower early Tuesday, with the slump in the technology-laden index pushing it beneath its 50-day moving average. The Nasdaq COMP, -0.04% was down 1% at 8,011, or down 76 points, in recent action and had touched an intrday […]

Alphabet Inc. (NASDAQ:GOOG) is paying researchers to find third-party apps that misuse customer data

Alphabet Inc. (NASDAQ:GOOG) is paying researchers to find third-party apps that misuse customer data

Alphabet Inc. (NASDAQ:GOOG) is paying researchers to find third-party apps that misuse customer data Under increasing scrutiny by regulators and with security problems plaguing its Play Store and Chrome web browser, Alphabet‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has announced a new bounty program aimed at helping clean things up. It comes at a precarious time for the Internet search giant. Business […]

Bitcoin: USD/BTC (BTC=X) to Fall Due to Triangle?

Bitcoin: USD/BTC (BTC=X) to Fall Due to Triangle?

Bitcoin: USD/BTC (BTC=X) to Fall Due to Triangle? Over the past few weeks, traders have come to the realization that Bitcoin (BTC) is trading in a clear “descending triangle” pattern. For those unaware, a descending triangle is a bearish chart pattern that is marked by lower highs and multiple bottoms at the same level, coupled with ever-decreasing […]

Tesla, Inc. (NASDAQ:TSLA) Stock May Still Be Undervalued

Tesla, Inc. (NASDAQ:TSLA) Stock May Still Be Undervalued

Tesla, Inc. (NASDAQ:TSLA) Stock May Still Be Undervalued For so long, Tesla (TSLA) was so far ahead of the competition in the luxury-electric market, it saw nothing in its rearview mirror. But recently, other luxury automakers — include Mercedes, BMW, Audi and Jaguar — have been creeping up on the incumbent, with recently or soon-to-be […]

Alibaba Group Holding Limited (NYSE:BABA) Jack Ma retired

Alibaba Group Holding Limited (NYSE:BABA) Jack Ma retired

Alibaba Group Holding Limited (NYSE:BABA) Jack Ma retired Jack Ma retired on September 10 as executive chairman of Alibaba Group (NASDAQ:BABA) to become Bill Gates. (Or, maybe, Andrew Carnegie.) The Microsoft (NASDAQ:MSFT) co-founder retired at age 58 to become a full-time philanthropist and student of the world. Carnegie eventually gave away his entire fortune, worth $76 billion in 2019 dollars. […]

Ethereum: USD/ETH (ETH=) price remains at a risk of more downsides as long as the price is below $185

Ethereum: USD/ETH (ETH=) price remains at a risk of more downsides as long as the price is below $185

Ethereum: USD/ETH (ETH=) price remains at a risk of more downsides as long as the price is below $185 In the past two days, ETH price made two attempts to surpass the $185 resistance against the US Dollar. However, bitcoin price struggled to climb higher above the $10,350 and $10,400 resistance levels. As a result, Ether price […]

Facebook, Inc. (NASDAQ:FB) Dating Yet Another Positive Catalyst

Facebook, Inc. (NASDAQ:FB) Dating Yet Another Positive Catalyst

Facebook, Inc. (NASDAQ:FB) Dating Yet Another Positive Catalyst Facebook (NASDAQ:FB) hit a home run when the company announced its dating feature in the U.S. markets. Match Group (NASDAQ:MTCH) will no longer enjoy the absence of competition in the online dating market. Facebook has a huge user base and now has the chance to leverage Instagram alongside Facebook and […]

Canadian Dollar: USD/CAD (CAD=X) dollar is in demand Supported by Oil

Canadian Dollar: USD/CAD (CAD=X) dollar is in demand Supported by Oil

Canadian Dollar: USD/CAD (CAD=X) dollar is in demand Supported by Oil The Canadian dollar is in demand. A steep rally in West Texas Intermediate (WTI) oil prices since the end of August has contributed to the positive bias in the domestic currency. Yesterday, Saudi Arabia’s new oil minister suggested that the Organization of the Petroleum […]

New Zealand Dollar: NZD/USD (NZD=X) technicals indicates buyer’s weakness to rally the price further

New Zealand Dollar: NZD/USD (NZD=X) technicals indicates buyer’s weakness to rally the price further

New Zealand Dollar: NZD/USD (NZD=X) technicals indicates buyer’s weakness to rally the price further From the daily chart, we notice on Friday NZD/USD rebounded then closed below the high end of current trading zone 0.6224 – 0.6438. Same thing happened on Monday, indicating to buyer’s weakness to rally the price further. Hence, NZDUSD could be […]

Japanese Yen: USD/JPY (JPY=X) Rises on BoJ Sources

Japanese Yen: USD/JPY (JPY=X) Rises on BoJ Sources

Japanese Yen: USD/JPY (JPY=X) Rises on BoJ Sources Japanese Yen weakened on the back of source reports that BoJ policymakers could be open to a debate on further monetary easing, which would entail cutting rates deeper into negative territory. Consequently, this pushed USD/JPY to session highs, before gains had been capped yet again at the 107.50 […]

Apple Inc. (NASDAQ:AAPL) cuts prices, ramps up services as iPhone 11 launches

Apple Inc. (NASDAQ:AAPL) cuts prices, ramps up services as iPhone 11 launches

Apple unveiled its iPhone 11 models Tuesday with a price cut for the most basic models while also laying out plans for streaming and gaming services as it bids to weather the slump in the global smartphone market. At an Apple media event, price appeared to be a key consideration as the tech giant reduced […]

Facebook, Inc. (NASDAQ:FB) has published an informational blog post about how its app collects and uses background location data from smartphones

Facebook, Inc. (NASDAQ:FB) has published an informational blog post about how its app collects and uses background location data from smartphones

Facebook, Inc. (NASDAQ:FB) has published an informational blog post about how its app collects and uses background location data from smartphones Less than two weeks before a likely iOS software update that will give iPhone users regular pop-ups telling them which apps are collecting information location in the background, Facebook has published a blog post about how the Facebook […]

Apple Inc. (NASDAQ:AAPL) expected to announce three new iPhones

Apple Inc. (NASDAQ:AAPL) expected to announce three new iPhones

Apple Inc. (NASDAQ:AAPL) expected to announce three new iPhones Apple’s next iPhones might not be able to charge other devices like the Apple Watch or AirPods after all, TF International Securities analyst Ming-Chi Kuo said in a note distributed to clients on Monday. The planned two-way wireless charging feature, which Kuo and Bloomberg have both reported is in development, would […]

Musk delays release of Tesla, Inc. (NASDAQ:TSLA) pickup truck prototype

Musk delays release of Tesla, Inc. (NASDAQ:TSLA) pickup truck prototype

Musk delays release of Tesla, Inc. (NASDAQ:TSLA) pickup truck prototype Tesla, Inc. CEO Elon Musk has pushed back the expected unveiling of the company’s long-awaited electric pickup truck to November, though he hasn’t made any firm promises on when the prototype will be released. Musk first announced plans to put out a pickup truck in late 2013, saying then […]

Alphabet Inc. (NASDAQ:GOOG) faces renewed antitrust pressure

Alphabet Inc. (NASDAQ:GOOG) faces renewed antitrust pressure

Alphabet Inc. (NASDAQ:GOOG) faces renewed antitrust pressure The Nasdaq Composite, the most tech-heavy of the major US stock indexes, slid on Monday as shares of Alphabet tumbled as much as 1% following the announcement of new antitrust investigation into Google’s ad business. A coalition of state attorneys general from 49 states and Washington, D.C. announced […]

NASDAQ Composite (.IXIC) market pulled back following gains last week

NASDAQ Composite (.IXIC) market pulled back following gains last week

NASDAQ Composite (.IXIC) market pulled back following gains last week The S&P 500 and Nasdaq were down slightly in Monday afternoon trading, led by losses in technology shares, as the market pulled back following gains last week. Microsoft Corp (MSFT.O) was the biggest drag on the S&P 500 .SPX and Nasdaq .IXIC. Technology stocks .SPLRCT fell more than […]

Dow Jones Industrial Average (.DJI) logs longest win streak in 8 weeks

Dow Jones Industrial Average (.DJI) logs longest win streak in 8 weeks

Dow Jones Industrial Average (.DJI) logs longest win streak in 8 weeks The Dow booked its fourth gain in a row on Monday but the broader market notched slight losses as investors looked ahead to European Central Bank and the Federal Reserve monetary policy moves, with both central banks expected to reveal easier-money initiatives in […]

Alibaba Group Holding Limited (NYSE:BABA) technicals can be viewed as solid

Alibaba Group Holding Limited (NYSE:BABA) technicals can be viewed as solid

Alibaba Group Holding Limited (NYSE:BABA) technicals can be viewed as solid Alibaba Group (NYSE:BABA) is either a case of the glass being half empty or half full. Although worries obviously abound for Chinese equities, the technicals of Alibaba stock can be viewed as solid. On Thursday, the U.S. markets all surged . The three major investment indices were […]

United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts

United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts

United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts Oil futures rose Monday, marking their highest settlement in almost six weeks, after Saudi Arabia’s new energy minister signaled a continued commitment to production curbs. West Texas Intermediate crude for October delivery CLV19, +0.40%  rose $1.33, or 2.4%, […]

DAX PERFORMANCE-INDEX (.GDAXI) aiming for 12,410

DAX PERFORMANCE-INDEX (.GDAXI) aiming for 12,410

DAX PERFORMANCE-INDEX (.GDAXI) aiming for 12,410 It has been a good few weeks for European equities, which have surged despite ongoing signs of economic weakness in the eurozone, and particularly in Germany for the DAX. The index breezed through the top of the August range, and then on through the 50- and 100-day moving averages […]

Shanghai: SSE Composite Index (.SSEC) Supported by ‘Soft’ Risk On Theme

Shanghai: SSE Composite Index (.SSEC) Supported by ‘Soft’ Risk On Theme

Shanghai: SSE Composite Index (.SSEC) Supported by ‘Soft’ Risk On Theme The major Asia Pacific stock indexes finished mostly higher on Monday as the “risk on” theme continued following last week’s announcement that the United States and China were set to resume trade talks in early October. There was also a limited response to Friday’s […]

Dow Jones Industrial Average (.DJI) Leads As Major Market Indexes Retake This Key Support Level

Dow Jones Industrial Average (.DJI) Leads As Major Market Indexes Retake This Key Support Level

Dow Jones Industrial Average (.DJI) Leads As Major Market Indexes Retake This Key Support Level The Dow Jones industrials climbed 0.3% and the S&P 500 added 0.1%, but the Nasdaq slipped nearly 0.2%. Small caps tracked by the Russell 2000 gave up 0.3%. Unofficial data showed lower volume on the NYSE and Nasdaq vs. Thursday. […]

Alphabet Inc. (NASDAQ:GOOG) to be hit with state antitrust probes

Alphabet Inc. (NASDAQ:GOOG) to be hit with state antitrust probes

Alphabet Inc. (NASDAQ:GOOG) to be hit with state antitrust probes Dozens of state attorneys general are set to formally launch separate antitrust probes starting next week into Facebook and Alphabet’s Google unit, according to The Wall Street Journal, citing people familiar with the matter. The Google probe is expected to be announced Monday at a news conference […]

Tesla, Inc. (NASDAQ:TSLA) Stock Sinks As Market Gains

Tesla, Inc. (NASDAQ:TSLA) Stock Sinks As Market Gains

Tesla, Inc. (NASDAQ:TSLA) Stock Sinks As Market Gains In the latest trading session, Tesla (TSLA) closed at $227.45, marking a -0.93% move from the previous day. This change lagged the S&P 500’s daily gain of 0.09%. At the same time, the Dow added 0.26%, and the tech-heavy Nasdaq lost 0.17%. Prior to today’s trading, shares […]

Apple Inc. (NASDAQ:AAPL) poised to report huge growth in App Store sales

Apple Inc. (NASDAQ:AAPL) poised to report huge growth in App Store sales

Apple Inc. (NASDAQ:AAPL) poised to report huge growth in App Store sales Apple’s iPhone sales may be slowing down, but the company’s App Store business could show better-than-expected revenue growth in the company’s September quarter, Morgan Stanley analysts said in a note Friday. Morgan Stanley pointed to new research from app data tracking firm Sensor […]

Bitcoin: USD/BTC (BTC=X) Addresses Increasing

Bitcoin: USD/BTC (BTC=X) Addresses Increasing

Bitcoin: USD/BTC (BTC=X) Addresses Increasing Over the past two years the number of BTC addresses has surged indicating that the asset is undergoing greater adoption. The largest gain is the number of addresses with less than a million satoshis which also suggests a more even distribution that is not just a few whales or large […]

Alibaba Group Holding Limited (NYSE:BABA) will acquire a cross-border e-commerce business unit, Kaola

Alibaba Group Holding Limited (NYSE:BABA) will acquire a cross-border e-commerce business unit, Kaola

Alibaba Group Holding Limited (NYSE:BABA) will acquire a cross-border e-commerce business unit, Kaola Alibaba said Friday it will acquire a cross-border e-commerce business unit, Kaola, from the Nasdaq-listed Chinese internet company NetEase for about $2 billion. Kaola sells imported products in China that include clothes, consumer electronics, and sports accessories. It is one of the biggest Chinese e-commerce sites focused […]

NASDAQ Composite (.IXIC) little changed after the release of disappointing jobs data

NASDAQ Composite (.IXIC) little changed after the release of disappointing jobs data

NASDAQ Composite (.IXIC) little changed after the release of disappointing jobs data Stocks closed little changed on Friday after the release of disappointing jobs data, but posted back-to-back weekly gains on optimism around U.S.-China trade relations. The Dow Jones Industrial Average ended the day up 69.31 points, or 0.3% at 26,797.46. The S&P 500 climbed just 0.1% to close […]

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