Dow futures dropped 600 points overnight after the index up more than 1,000 points Tuesday. Dow bears sold off as Bloomberg broke a report claiming Treasury Secretary Stephen Mnuchin believes U.S. unemployment could reach as high as 20%. Charles Schwab believes that institutional money will be reluctant to sell and could slow the stock market…
Recent leaks could derail Michael Bloomberg’s presidential campaign. He expresses support for racial profiling and stop-and-frisk; many voters believe these policies are racist. Are the Democrats handing Trump a 2020 victory? Democratic presidential candidates need to court African Americans to win the party’s nomination. A new audio leak of an allegedly-racist speech from 2015 will…
Michael Bloomberg is now the second most likely Democratic presidential nominee, according to polls. Should the former mayor usurp Bernie Sanders, the stock market could have Trump vs. Bloomberg on its hands in the U.S. election in November. Both billionaire candidates are good news for the Dow Jones but Bloomberg might even have the Wall…
Bitcoin equals digital gold, according to Bloomberg report. Altcoins set to suffer in 2020. The futures market will aid mass adoption. Bitcoin is going to boom this year. That’s the verdict, according to Bloomberg’s crypto’s outlook for 2020.Within the recently published report, Bloomberg market analyst Mike Mcglone outlines exactly how BTC can attain its 2019…
As stock market-friendly Joe Biden slips in the polls against Elizabeth Warren, centrist candidate Michael Bloomberg is itching to dive into the fray for the 2020 election. The three-term New York Mayor and multi-billionaire looks certain to run for president if Biden’s run peters out, and that could be great news for the Dow Jones.…
