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Tag Archives: GS

Bitcoin tops $15,000, surging 25 percent in 36 hours

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Last Updated Dec 7, 2017 9:17 AM EST Bitcoin reached a record price of more than $15,000, with the virtual currency surging more than $3,000 in 36 hours. That places the value of the entire crytocurrency market at more than $400 billion, according to Coinmarketcap.com. At the same time, a …

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Wall Street on Trump's tax plan: Ho hum

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Amid quiet, summertime-like trading, Wall Street is busily trying to decode the long awaited and finally delivered tax cut proposal from the Trump administration. After months of hype and flinty one-page outlines, the latest nine-pager was finally enough to start running an analysis on. So far, the response has been …

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A sea change on Wall Street?

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A growing list of concerns points to a sharp market pullback in the weeks to come. And thus, the short reprieve investors enjoyed on Friday — with large-cap stocks posting modest gains — may not last long.  U.S. equities suffered their steepest pullback in months on Thursday, pushing the Dow …

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Tesla's power surge on Wall Street reverses

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The recipe for disappointment on Wall Street is easy: Two measures of confidence and a measure of popular hype, mixed and allowed to rise — and eventually punched down by reality. That’s exactly what’s happening with Tesla (TSLA), a big beneficiary of the recent obsession with mega-cap tech stocks. It …

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Get ready for Wall Street's sideways crawl to end

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On Monday, U.S. equities danced around the unchanged line to put a quiet end to the most unexciting October in 40 years, at least in terms of trading activity. Large-cap stocks remain within the confines of an extremely tight and narrowing two-month range marking three years of listlessness. Stocks just …

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