January 8, 2018
As top three cryptocurrencies Bitcoin, Ethereum and Ripple all tumble, Seagate Technology (STX) and Western Union (WU) are in focus due to their links to Ripple Labs. SEAGATE’S RIPPLE HOLDINGS: Seagate invested in both the 2015 $28M Series A and
The worst performing currency today was the euro, which dropped well below 1.20. The single currency had been under pressure throughout the NY trading session and ended the day near its lows. This suggests that we could see a
It’s official: the reason behind the recent rebound in the economy can be explained with two words: “charge it.” Readers may recall that one month ago, we reported that with Republicans in Washington on the verge of passing their first
The Dow advanced 2.3 percent in the first five days of the year. Historically, that’s a good sign. When the Dow is up during the first week, the market continues to advance for the rest of the year about 80
About a month ago I spotted a little-known opportunity for profit. The play involved an outfit that had been mismanaged for years, but still had a lot of underlying value. They were due to choose new leadership in mid-December. The
After the latest jobs report had come out, US President Donald Trump responded on Twitter by touting the decline in unemployment amongst African Americans. The African American unemployment rate fell to 6.8%, the lowest rate in 45 years. I am
What are the long-term trends for multiple jobholders in the US? The Bureau of Labor Statistics has two decades of historical data to enlighten us on that topic, courtesy of Table A-16 in the monthly Current Population Survey of households. At present,
The Euro ended its recent rally with a decline against the US Dollar after investor profit-taking. Overall, however, market players appear to be optimistic about the Euro’s outlook. Many FX players saw today’s decline as a good opportunity for Euro
Short-term interest rates have been relentlessly rising since the second half of 2015. For example, 3-month LIBOR was 0.28% in July of that year. It is now 1.7%. This is just a result of the Fed centrally planning our economy,
