Australian multi-service bitcoin company digitalBTC will make history today as the first cryptocurrency-focused company to trade on a major mainstream stock exchange.DigitalBTC, which began as a mining operation but also engages in bitcoin trading and is developing retail and consumer applications, debuted on the Australian Securities Exchange (ASX) this morning as Digital CC Limited (trading as digitalBTC; ASX code: DCC).The […]
A few weeks ago, Stephen Hawking opened the world’s eyes to the dangers of Artificial Intelligence (AI), warning that it has the potential of outsmarting humans in the financial markets. But few people realize that we are already in imminent danger of this happening.The stock market is a system for assigning value to companies through the buying and selling of […]
Thomson ReutersGolf: U.S Open-Practice RoundGolf star Phil Mickelson was not involved in insider trading in the shares of Clorox Co when billionaire investor Carl Icahn was attempting an unsolicited takeover of the consumer products company in 2011, the New York Times reported, citing people briefed on the probe.
Clorox was among the stocks that U.S. authorities were examining as part of […]
Today, Securities and Exchange Commission Chairperson Mary Jo White announced a whole slew of initiatives designed to tighten the leash on computerized high speed trading in the stock market. If you’re playing the stock market and you’re not a supercomputer, that’s very good news. As The Wall Street Journal reports, the new rules would bring big changes to the world […]
Benchmarks finished Tuesday’s session with meager losses as investors awaited the outcome of Thursday’s ECB meeting and the monthly US jobs report on Friday. Encouraging reports on factory orders and upbeat monthly car sales numbers failed to boost investor sentiment. Tuesday’s losses caused the S&P 500 and the Dow to retreat from their previous day’s record highs, while the Nasdaq […]
Euro Touches More than Three-Month Low on Weak German DataBy Forexminute – Jonathan Millet | Breaking Forex News | May 28, 2014 11:23PM BSTThe euro declined to its lowest level in over three months against the dollar after Germany’s unemployment numbers rose in May, while lending in the eurozone shrunk, fuelling speculation that the European Central Bank may roll […]
Submitted by Mike Krieger of Liberty Blitzkrieg blog,It seems that no market tops until the bag has been fully passed to retail muppets, and we appear to be in the process of that happening right now. I have detailed this with regard to credit markets on several occasions, most recently with how Blackstone and other private equity firms are stuffing […]
“Sell in May and go away.”This stock market adage has served investors well four years in a row. Every year since 2010, stock markets around the world have suffered significant corrections between a high reached in May and a low in the summer or early autumn: by 15 percent in 2010, 19 percent in 2011, 9 percent in 2012 and […]
Last week, I wrote about the documented evidence that trading activity results in lower returns to investors. This is equally true for those people we think of as professional investors and for people day trading in their parents’ basements.
As far as I’m aware, there’s no peer-reviewed, academic study that shows any evidence that active trading will result in better returns. […]
Twitter’s Richard Costolo, Jack Dorsey, Evan Williams and Biz Stone await the opening bell at the New York Stock Exchange on day of the firm’s IPO in November. Photograph: Lan/CorbisTwitter shares fell more than 10% as Wall Street opened for business on Tuesday, marking the end of the lockup period that prevented executives, early investors and other insiders selling […]
