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Bitcoin Price Analysis: BTC/USD bulls smash out of flag structure

01/27/2020 by Editor

Bitcoin price is trading in positive territory, up 1.55% in the second half of the session. BTC/USD bulls have managed to regain control following a breakout from a flag structure. The price has broken back above the barrier of resistance seen at $8500. BTC/USD weekly chart The price closed the latest week in the red, […]

Monday's Stock Market Open: US Equities Plunge, Dow Down 500, As Chinese Coronavirus Spreads

01/27/2020 by Editor

KEY POINTS Almost 3,000 people in China have the virus and 81 have died Dow fell more than 500 points at opening Crude oil prices plunged U.S. stocks plunged at Monday ’s opening on panic selling spurred by more bad news related to the spreading coronavirus in China. The Dow Jones Industrial Average dropped 518.84 […]

Chesapeake Energy's stock falls toward 26-year low as coronavirus fears spark crude oil selloff

01/27/2020 by Editor

Shares of Chesapeake Energy Corp. CHK, -2.83% fell 1.7% toward a 26-year low in active morning trading Monday, amid worries that the rapidly spreading deadly coronavirus would weaken demand for crude oil. The oil and gas company’s stock was on track for the lowest close since April 1994, as continuous crude oil futures CL00, -2.45% […]

Chesapeake Energy's stock falls toward 26-year low as coronavirus fears spark crude oil selloff

01/27/2020 by Editor

Shares of Chesapeake Energy Corp. CHK, -3.40% fell 1.7% toward a 26-year low in active morning trading Monday, amid worries that the rapidly spreading deadly coronavirus would weaken demand for crude oil. The oil and gas company’s stock was on track for the lowest close since April 1994, as continuous crude oil futures CL00, -2.64% […]

GM investing $3 billion to produce all-electric trucks, autonomous vehicles

01/27/2020 by Editor

Cruise Origin driverless shuttle Cruise DETROIT – General Motors on Monday announced it will invest $3 billion for production of “a variety” of all-electric trucks and SUVs, as well as the automaker’s recently-unveiled Cruise Origin autonomous vehicle. The investment will include $2.2 billion at GM’s Detroit-Hamtramck plant in Michigan — the company’s first plant completely […]

GM Investing $2.2 Billion To Build To Only Electric Vehicles At Detroit Factory

01/27/2020 by Editor

Share to facebook Share to twitter Share to linkedin The Cruise Origin developed by GM and Honda will be the first purpose-built used by the automated … [+] driving company and will be produced at GM’s Detroit-Hamtramck assembly plant Cruise General Motors’ Detroit-Hamtramck assembly plant has a 35-year history of being on the cutting edge […]

GM Investing $2.2 Billion To Build To Only Electric Vehicles At Detroit Factory

01/27/2020 by Editor

EDI And EDF: 2 Additional Puzzles For These Emerging Market Closed-End Funds

01/27/2020 by Editor

This article was originally published a month ago. Since then EDF has announced a distribution cut, which has caused the discounts of the two funds two converge somewhat. For followers of the CEF market, the riddle of the Stone Harbor EM debt CEFs is well-known. The funds share two related characteristics – they boast a […]

Dow set to open down 450 points as coronavirus fears rock global markets

01/27/2020 by Editor

Global markets sank overnight Sunday as investor fear mounted over the spread of coronavirus, pushing the Dow Jones Industrial Average down by around 530 points at Monday’s opening bell. The S&P 500 and tech-heavy Nasdaq were down by 2 percent on Monday, as officials confirmed five cases of the deadly virus in the U.S. and […]

Will the Federal Reserve Boost the Stock Market With Another Rate Cut?

01/27/2020 by Editor

The Federal Open Market Committee, or FOMC, is set to meet on Tuesday and Wednesday, January 28 and 29, to decide whether to cut interest rates, raise them, or leave rates alone for now. While the policy-making arm of the Federal Reserve isn’t expected to make any major policy changes, the meeting’s outcome is far […]