Dow Claws Back as Wall Street Warms up to Joe Biden
A flurry of positive news helped the Dow Jones claw back from steep declines on Monday, while the S&P 500 and Nasdaq surged.
Bank of America
Smart Money Hasn’t Been This Bearish on the Stock Market Since Obama Was President
Institutional investors are shorting the S&P 500 Index at levels not seen since 2016. Is this a sign of things to come or a good contrarian indicator for the bulls?
This Stock Market Rally Isn’t For Real — Here’s Why
More than two-thirds of professional investors think the stock market surge is a bear market rally, which typically precedes a deeper crash.
The post This Stock Market Rally Isn’t For Real — Here’s Why appeared first on CCN.com
Here’s All the Proof You Need That This Stock Market Rally Is Absurd
Investors have become irrational as they flood the stock market in search of gains despite constant warnings about the state of the economy.
The post Here’s All the Proof You Need That This Stock Market Rally Is Absurd appeared first on CCN.com
The Dow Jones Can Shatter All-Time Highs – Thanks to One Simple Reason
Investors are way too bearish on the stock market which is a screaming contrarian indicator. Stocks could be about to make another move up.
The post The Dow Jones Can Shatter All-Time Highs – Thanks to One Simple Reason appeared first on CCN.com
The New Stock Market Forecast Strategy: Counting Trump’s Tweets
There’s no doubt that President Donald Trump loves watching the stock market go up. After all, he has bragged at least 60 times about how the Dow Jones Industrial Average has performed since the 2016 election, and his tweets have the potential to make or break a stock. However, according to new research from Bank […]
The post The New Stock Market Forecast Strategy: Counting Trump’s Tweets appeared first on CCN Markets
Is This Bank’s Blockchain-Powered Crypto Wallet a Game Changer?
By CCN Markets: Bank of America (BofA) continues its steady creep into the crypto world, filing another blockchain-related patent application. This new one is particularly interesting because it’s for a crypto wallet. CCN discussed the move with several crypto players. Here’s what they had to say. Is BofA’s move game-changing? BofA’s latest crypto-related patent application […]
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Bank of America Patents Method Using Ripple Technology
A non-utility patent filed by Bank of America has Ripple fans in high spirits today. The patent, which is dubbed “Real-time net settlement by distributed ledger system,” directly references Ripple’s digital ledger technology in multiple illustrations. …
Dow Creeps Higher but Fearful Wall Street Money Managers Exit Stocks Fast
By CCN Markets: Dow Jones futures rose on Tuesday, but money managers on Wall Street aren’t convinced the stock market rally has longevity. Billion-dollar investors are pulling money out of stocks and piling into cash, according to a survey by Bank of …
While Dow Surges, This Key Metric Reveals Professional Investors are Calling the US Stock Market’s Bluff
The Dow and wider US stock market raced higher on Wednesday, adding to Tuesday’s mammoth 372 point gain. Dow Builds on 372 Point Rally Traders are excited that efforts are underway to avoid the government shutdown. While that was good news, inves…
Dow Jones Gets Huge Boost: Goldman Sachs Soars 9%
The Dow Jones Industrial Average received a huge boost today as Goldman Sachs reported higher than expected earnings for the fourth quarter of 2018. Goldman Sachs delivered adjusted earnings per share (EPS) of $6.05 against analyst’s predictions of $4….
Dow Jumps 145 Points as Markets Shrug off Brexit Blunder
U.S. stocks extended gains after the bell on Monday, as investors shrugged off Theresa May’s Brexit blunder and shifted their focus to corporate earnings season. Dow in the Green All of Wall Street’s major indexes traded sharply higher in the early mor…
Here’s Why Twitter Shares Surged at Thursday’s Opening Bell
The Dow Jones Industrial Average and other US stock market indices opened to moderate losses on Thursday. However, shares of social media giant Twitter posted strong gains during pre-market trading on Thursday in response to strong analyst forecasts an…
Bank of America Files Patent for Blockchain-Enabled Cash Handlers
Bank of America (BoA) has filed another blockchain patent, documents with the USPTO reveal. The American multinational investment bank stated that it would use blockchain, the underlying technology which powers the world’s leading cryptocurrency …
Bank of America Files Patent for Blockchain-Enabled Cash Handlers
Bank of America (BoA) has filed another blockchain patent, documents with the USPTO reveal. The American multinational investment bank stated that it would use blockchain, the underlying technology which powers the world’s leading cryptocurrency …
Bank of America Could Store Crypto Deposits for Big Companies
Despite their harsh exterior, banks have been quietly preparing for a world that involves cryptocurrencies. Bank of America has most recently secured a patent for a cryptocurrency aggregation system, one in which big companies store customers’ cr…
Second-Largest US Bank Wins Patent for Crypto Storage System
Recent times have seen banks hedging their bets or even fully integrating cryptocurrencies. The acquisition and filing of patents is how large organizations truly express their interest in a given field, and Bank of America continues to lead the way, n…
Bank of America Thinks Blockchain Could be a $7 Billion Market
Bank of America research analysts have predicted that blockchain technology could represent a multi-billion dollar industry down the road, and be of particular benefit for leading companies like Amazon and Microsoft. BoA: Many Can Benefit From Blockcha…
Does Bank of America’s Crypto Custody Show Irrelevance of Bitcoin ETFs?
This week, $312 billion Bank of America (BoA) filed a patent to offer crypto custody, targeting large-scale institutional investors and retail traders. Some experts have said that the efforts of major financial institutions to create institutional prod…
Bank of America Blockchain Patents Are ‘Meaningless’: Former VP
If patent applications were directly correlated with a company’s commitment to innovating in a particular field, then Bank of America would doubtlessly be one of Wall Street’s biggest blockchain bulls. The bank, the second largest financial institution…