Record

Record Debt & Plunging Income Mix a Toxic Cocktail for Dow Jones Bulls

More dismal economic data will reverse the stock market rally. The U.S. held record household debt going into the COVID-19 panic. Then disposable personal income and consumer spending crashed in March. The Dow Jones has achieved a recovery that’s been just as head-scratching as it has been robust. But more dismal economic data reveal the…

Dow Eyes Record High as Dire Forecasts Fail to Dent U.S. Stock Market

The Dow touched a new record high on Thursday as stocks rose for a fourth consecutive day. ING economists believe that the U.S. stock market could be exposed to risk-off trade due to its high valuation. Many Dow stocks could have to deal with a huge hit to Chinese consumer spending. The Dow Jones rallied…

Dow Smashes Record as Animal Spirits Seize the U.S. Stock Market

The stock market raced to fresh record highs today. The Dow Jones was bolstered by solid retail sales and better than expected jobless claims data. But stocks may not be out of the woods yet. The Dow Jones pushed further into record territory on Thursday after U.S. retail sales hit their target and jobless claims…

Dow Shoots to Record Despite Hint That China Fears Marathon Trade War

China pumped its economy full of fresh stimulus overnight Thursday, helping lift stock markets around the world. Dow Jones giant Boeing gained more today than it did in all of 2019. Some analysts are concerned that China’s decision may not be as positive for the Dow Jones outlook as it appears. A burst of enthusiasm…

As Stocks Race to Record Highs, these 2 Things Could Scare Investors Straight

S&P 500 Index came within half a point of record highs on Friday. New York Fed has increased the size of its overnight repo operations to at least $120 billion. U.S. budget deficit approaches $1 trillion in 2019, the highest in seven years. With U.S. stocks fast approaching record territory, investors may have lost sight…

Why Record Low Unemployment Is Actually Trump’s Worst Nightmare

Trump’s worst nightmare isn’t impeachment. It’s the economy, stupid. But the record-low unemployment rate shouldn’t give Trump nor markets any comfort. Full employment doesn’t signal a strong economy at all. It is actually a historically sure sign that the U.S. economy is teetering on the edge of collapse. In fact, every record low unemployment rate…

Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services – CCN.com

Venezuelan President Nicolas Maduro is pushing for Petro adoption, but locals are buying bitcoin in record amounts. | Image: Shutterstock The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. According to Decrypt, Bank of Venezuela customers have…