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Dow Plunges After Secret U.S. Intel Destroys China’s COVID-19 Stats

The Dow Jones suffered a painful drawdown on Wednesday. Bloomberg exposed a secret report confirming that U.S. intelligence believes China has wildly underreported its coronavirus statistics. ING warns that a seemingly-optimistic manufacturing report was inflated by a quirk in the index. The Dow Jones tumbled 1,000 points on April Fools’ Day as a fresh wave…

Dow Nosedives After New York Coronavirus Panic Spooks Stock Market

Negative coronavirus headlines prompted a painful reversal in the Dow Jones on Wednesday. Fears of a breakout in New York and another confirmed U.S. case hit the stock market hard. The wild moves in the Dow overshadowed positive housing market data. The Dow Jones recoiled after a bright start to the day as news broke…

After CBS Disaster, News Networks Shouldn’t Host Presidential Debates

Critics panned CBS News and moderators for losing control of the Democratic debate in South Carolina. While debate pros at other networks called it a “disaster,” Meghan McCain said even “The View” has more orderly debates. But it isn’t just CBS. MSNBC and NBC News have also flubbed debates in recent years. News networks used…

Dow Sways After CDC Admits Official Coronavirus Stats Aren’t Accurate

Upward momentum in the Dow Jones was halted on Tuesday after the CDC confirmed that coronavirus cases are higher than reported. As the stock market faded from its highs, Fed Chair Jerome Powell warned there would be an impact on the U.S. economy from the epidemic. Donald Trump was quick to blame Powell for the…

After Sinking 97%, This Altcoin Just Woke Up with a 23% Surge

NEM (XEM) gains 23% in overnight surge. The Altcoin was previously down 97% since the market peak of January 2018. XEM coin now up 71% since December, but can we bank on this being a new alt-season? The 29th ranked cryptocurrency NEM (XEM) clawed back almost one-quarter of its value leading into Saturday morning. The…

Dow Tumbles After U.S. Coronavirus Escalation Unnerves Stock Market

Coronavirus fears infected the U.S. stock market after CDC confirmed the first case of human-to-human coronavirus transmission in the domestic United States. Dow bulls were forced to reprice because the WHO appears to be on the brink of declaring an international crisis. U.S. GDP was steady, but weakness lurks beneath the headline figure. The Dow…

After Stellar Quarter, Apple Boldly Predicts Growth Amid Coronavirus Outbreak

Apple’s fiscal first-quarter earnings came out much stronger than expected. The company saw revenue and earnings jump in the three months ending Dec. 28. The full impact of the Wuhan Coronavirus will be felt in the second quarter of fiscal 2020 which starts after Dec. 28. Management is still guiding for revenue growth in Q2…

Dow Recoils After Terrifying Coronavirus Outbreak Invades U.S. Soil

Stocks recoiled during the afternoon session after the U.S. CDC confirmed a domestic case of the Wuhan coronavirus in Washington State. Adding to the Dow Jones’ woes, Boeing plummeted more than 4.5% as the manufacturer announced the FAA would not approve the 737 MAX till at least June. Nordea Asset Management believes Dow bulls should…

Dow Soars After Trump ‘Tax Cuts 2.0’ Push Stock Market to Record High

Larry Kudlow and Donald Trump together sent the stock market to record highs on Wednesday. Kudlow provided the initial boost to the Dow Jones by teasing “tax cuts 2.0,” while Trump signed the China trade deal. Economists at ABN AMRO believe tariff reductions will pressure inflation, spurring a rate cut from the Fed in the…

Dow Rebounds After Trump Thaws Trade War with Surprise Gift to China

Donald Trump lifted the stock market on Monday by removing China from its blacklist of “currency manipulators.” The Dow reacted positively, though it lagged the tech sector. Analysts are worried about the upcoming release of crucial economic data this week. The Dow Jones moved higher to start the week as investors cheered the Trump administration’s…