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Stocks Slide on Biden Plan to Lift Capital-Gains Tax

U.S. stocks headed for their biggest drop since mid-March after President Joe Biden was said to propose doubling the capital gains tax to near 40% for the wealthy.
Just Before the 'Everything' Bubble Explodes: Stock Market Mania in 2021

Is the market going insane? Is an enormous "everything bubble" - inflated with cash flowing into overvalued investments - headed for a historic explosion? Is the market in a "mania" phase right now?With every passing day, it's getting more challenging to answer "no" to any...
OPEC Expects Most of 2021 Oil Demand Recovery in Second Half

OPEC said on Thursday a recovery in oil demand will be focused on the second half of the year as the impact of the pandemic lingers as a headwind for the group and its allies in supporting the market. In a monthly report, the Organization of the Petroleum Exporting...
This Isn't Your Father's Overvalued Market

Many analysts contend that current stock valuations resemble the dot-com era. You can see it visually at CurrentMarketValuation.com. Some highlights . . .The classic "Buffett Indicator" certainly seems to be in nosebleed territory. Notice that the valuations in 1966, the...
A $50 Billion Unwind Fueled Treasuries' Rout. It Has Room to Run

A chaotic selloff in the Treasuries market was spurred by a massive exodus from popular trades, heightened by liquidity concerns that could inflict more pain in coming days.The exodus happened at a time when traders were already worried about the imminent disappearance of a...
Bitcoin's Second North American ETF Just Started a Price War

Just a week after the first Bitcoin exchange-traded funds in North American started trading, the underdog firm just kicked off a fee war.Evolve Fund Group in Canada lowered the price on its Bitcoin ETF, ticker EBIT, to O.75% from 1%, according to a statement. That's now...
Yellen Challenges Powell's Control of the Market

The Fed attempts to maintain control of various rates (including inflation, unemployment and long-term interest rates) through its monetary policy decisions. In the past, poor choices arguably led to both the dot-com bubble and the Great Recession. But that's old...
Who Is Smarter Than the Market?

The past few weeks have made me reflect on conditions that felt somewhat similar to 1998. We have all watched in amazement at how a large group of young investors threw a massive curveball at the hedge fund community by squeezing the shorts on names like GameStop and Nokia....
Silver Soared in February

Silver soared to over $30 an ounce on February 1, 2021 - the highest level in eight years - early Monday on a "Reddit Rally" as investors surged into the market.Since the previous Thursday, when Reddit and Twitter posts began urging small investors to buy silver mining...
SPAC Listing Boom Drives Record $63 Billion January for IPOs

A record month for SPAC listings is helping power the busiest-ever start to a year for initial public offerings, in another sign of the investor frenzy that's led to overheated markets around the globe.Special purpose acquisition companies completed nearly $26 billion of...
10 Reasons Why the Dow Will Go to 40,000 in the Next 18 Months

The Dow is composed of more value stocks than growth. Value stocks are positioned for continued growth. Also, 40% of the S&P Company income comes from offshore business activity.There are 7 billion people on earth and 3.5 billion are under 30 and who must buy the products...
Debt Deals Loom With $430B in Real Estate Loans Due

Private credit funds, sitting on $196 billion for U.S. commercial real estate deals, are poised to pounce as struggling property owners seek loans to ride out the pandemic.
Cryptocurrency XRP Tumbles After SEC Charges Ripple

Cryptocurrency XRP tumbled 24% on Wednesday after the U.S. Securities and Exchange Commission (SEC) charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering.
Brexit Trade Talks Difficult as EU and UK Still Split on Key Issues

Britain and the European Union remained divided over competition and fishing on Wednesday as they tried to clinch a Brexit trade deal in time to avoid a turbulent split at the end of the year.
Italians Flock to 'Cashback' Card Payment Scheme Despite Objections

More than 5.3 million Italians have signed up for a government scheme offering a 10% refund for card payments in stores in just two weeks, an attempt by Rome to curb tax evasion and help retailers hit by coronavirus restrictions.
Ripple Labs, Executives Sued by SEC for Failing to Register XRP

Ripple, the blockchain payments company associated with the cryptocurrency XRP, said on Tuesday it would oppose a lawsuit against it by the U.S. Securities and Exchange Commission.
Oxford Researchers Convert Carbon Dioxide Into Jet Fuel

Researchers at Oxford University converted carbon dioxide into jet fuel in their lab using a new iron-based catalyst, a method they hope can eventually be used to reduce the carbon footprint of air travel. Oxford chemist Tiancun Xiao and colleagues published their study in...
Shale Oil's Worst Year Could Bleed Into 2021

U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good.
Investors Pump $5B Into Crypto, Up 600% From 2019

Total investor inflows into cryptocurrency funds and products hit $5.6 billion so far this year, up more than 600% from 2019, according to the latest data from asset manager CoinShares.
Aramco to Bring Google Cloud Services to Saudi Arabia

Saudi Aramco Development Co, a subsidiary of Aramco, has teamed up with Google Cloud to offer cloud services to customers in Saudi Arabia, Aramco said on Monday.
Bitcoin Drops 6% as New COVID Strain Jolts Markets

Bitcoin dropped as much as 6% on Monday, with fears over a fast-spreading new coronavirus strain in Britain hitting assets across wider markets.
Trump Cuts Size of Arctic Land Offered for Oil Auction

In a last-minute change, the Trump administration cut about 30 percent of the Arctic National Wildlife Refuge territory that it plans to auction off for oil exploration. The decision was announced late Friday by the Bureau of Land Management (BLM), the agency managing the...
Treasury Seeks Crackdown on Virtual-Currency Transfers

The U.S. Treasury Department said it is proposing new requirements involving convertible virtual currencies that would require banks and other intermediaries to maintain records and submit reports to verify customer identities for certain transactions.
Inflation Fears Push Investors Back to Commodities

For the best part of a decade, commodities have been deeply out of fashion.
Iraq Devalues Its Currency as Economy Unravels

Iraq devalued its currency by about 20% against the dollar as the cash-strapped government faces an economic crisis brought about by low oil prices and crude-production cuts.