Markets

Top investment strategist Jeff Saut has a crystal ball to predict the future as regards where the U.S. markets are headed. Sources indicate that in spite of the new highs that stocks have been reached in the past few years, many investors are still overly cautious. They are afraid that the “ball will drop” and that markets will reverse course in a new global financial crisis reaching levels that occurred only just a decade ago when the United States Sub-Prime Mortgage markets went bust.Jeff...

Since Bitcoin is picking up footing in the prevailing press, numerous doubters and business analysts have guaranteed that the crypto space takes after the Dot-com blast and downturn in the early years.Bitcoin is exchanging simply above $7,000, 70% lower than its ATH while reliably recording BTC strength at 70%. As indicated by an exhaustive investigation, the long term Bitcoin could drop to $1,000 which shows comparative examples for the NASDAQ dot-com bubble. A bounce-back can give a...

Institutional investors could give bitcoin a last-minute ditch after positive developments in the ongoing U.S.-China trade war. Capital is moving out of haven assets like gold and the Japanese yen to join risk-on markets. The bull run in stocks could continue in 2020. Easing trade tensions between the United States and China is making bitcoin a less-attractive haven asset for investors. The benchmark cryptocurrency has fallen by roughly 20%, or $1,700, since Oct. 11 – the day Donald Trump...

The U.S-based mass media and entertainment conglomerate Walt Disney is now enjoying the success of its latest animation movie Frozen 2. According to media reports, Frozen 2, which started to set records just after the release, has crossed a whopping $1 billion in global box office collection.This is also the third movie from Disney Animation (and sixth from the overall Disney group) this year which has crossed a billion-dollar mark. The other five movies that have achieved this milestone...

The German automaker Daimler AG’s brand Mercedes-Benz decided to postpone the presentation of its latest electric vehicle in the United States after the sales for electric SUVs by Audi and Jaguar came to be pretty disappointing.The introduction of the EQC crossover model, the first-ever electric SUV by Mercedes Benz, to the U.S. will probably happen in 2021, a year later than previously expected.As per the company’s official statement, Europe is the ever-growing market for the new model and...

Uber wants to increase its investments in the micro-mobility industry, especially in Europe. Apparently they believe that the demand for this kind of service will only increase. “We want to double down on micro-mobility. We have seen how beautifully it works with our core business and ride-sharing, and want to invest more and deeper, especially in Europe,” commented Christian Freese, the head of EMEA at Jump.In 2018, Uber bought Jump – a bike-sharing service based in the U.S. Ever since then...

Boeing mulls pausing Boeing 737 max production as the possibilities for regulatory clearance for the grounded plane’s comeback will probably happen after January 2020.A decision is expected soon as Boeing’s directors are already reviewing the manufacturing plans for the 737 program, the company’s biggest source of cash.Usually, the board would set the company’s dividend for the coming year and decide on its share repurchases. However, the latter was suspended while Boeing deals with the...

United States trade representative Robert Lighthizer said on Sunday that the “phase one” of the U.S.-China trade deal is “totally done”. Among several conditions, one of them is regarding China buying more of U.S. agricultural products. As per Lighthizer’s words, the U.S. exports to China will be doubled from now on. He added that the exact date and location for signing the agreement are to be determined.The thing is, the tensions among the two countries were rapidly growing during the last...

Fidelity Digital Assets, the digital currency arm of financial giant Fidelity Investments, plans to add support for Ether token next year in 2020. Tom Jessop, the president of Fidelity Digital Assets, made the announcement during an interview with The Block last Saturday, December 13.Jessop added that the final decision of Fidelity Digital Assets depends only upon evaluating the market demand for ETH support. Launched earlier this year, Fidelity Digital Assets specializes in offering...

Stellar lumen price is declining below the key $0.0550 support area against the US Dollar.XLM price is currently struggling to stay above the $0.0500 support area.There is a crucial bearish trend line forming with resistance near $0.0528 on the 4-hours chart (data feed via Kraken).The pair could tumble if the bears gain strength below the key $0.0500 support area.Stellar lumen price is gaining bearish momentum against the US Dollar and bitcoin. XLM price must recover above $0.0550 to avoid...