Dow Teeters on Knife’s Edge as Trump’s Trade Crusade Hits Japan

By CCN: President Donald Trump flew to Tokyo today for high-stakes trade talks with Japan as stock market sentiment teeters on the brink of collapse. The maverick president’s erratic approach to international trade has taken a significant bite out of the Dow Jones (DJIA) over the last few weeks. Bulls will be desperate to see […]

A Stock Market Crash is Inevitable

By CCN: The US stock market teeters at its third-most expensive valuation in history, just a hair shy of ballooning past Black Tuesday and the 1929 stock market. That’s based on the Shiller P/E ratio, which is derived from average inflation-adjusted earnings from the previous ten years. The stock market is approaching historically-expensive territory. | Source: […]

JPMorgan Forecasts Dismal 1% GDP Growth, Signals Possible Rate Cut

By CCN: The other shoe could be about to drop in the economy. JPMorgan economists in a report predict the second quarter will witness slowed economic growth. They’re expecting U.S. GDP to expand by a measly 1%, lower than their original predictions of 2.25%. During Q1, the economy expanded at a rate of 3.2%. The […]

Dow Blasts Higher After Trump’s Trade War Boast Stuns Markets

By CCN: The Dow shot higher on Friday after President Trump stunned Wall Street with his prediction that the trade war would be resolved unbelievably quickly. However, as an increasingly-nationalist Beijing continues to strike an isolationist pose, is the White House fattening the stock market on a diet of false hopes ahead of a painful […]

Dark-Horse Trump Rival Pumps Crypto, Aims to Make US a Bitcoin Nation

By CCN: Far from a first, California Democrat Rep. Eric Swalwell is accepting Bitcoin donations for his dark-horse bid to knock off Donald Trump in the 2020 presidential election. More significantly, the bombastic congressman wants to usher in a blockchain revolution after he vanquishes Trump from the White House. Altogether, Swallwell is accepting six cryptocurrencies. […]

Tabloid Columnist Wants Trump to Investigate ‘Bitcoin Manipulation Madness’

By CCN: Barely a week after New York Post columnist John Crudele crudely predicted that Bitcoin will soon be worth zero, the tabloid journalist has once again muddied the waters by calling on governments to launch a ‘massive investigation’ on ‘Bitcoin manipulation madness’. Bitcoin manipulation madness calls for massive investigation — New York […]

Dow Plunges as Trade War Backlash Triggers Market Meltdown

By CCN: The Dow sped toward another brutal loss on Thursday after Beijing bared its fangs to deliver the shellshocked Trump administration a withering rebuke that drastically reduced the likelihood of an amicable trade war resolution. Dow Tailspin Intensifies Every major US stock market index braced for heavy losses on Thursday. As of 9:23 am […]

Jeff Daniels Skips Dumb, Heads Straight to Dumber in Anti-Trump Rant

By CCN: Just when you think Hollywood folks will come to terms with the fact they aren’t exactly beacons of intelligence, another has-been jumps up and takes the baton. The latest runner is actor Jeff Daniels, whose unhinged rant about President Trump saw him skip Dumb and head straight to Dumber. In a spiel that […]

Dow Surges While Traders Recklessly Ignore Thundering Alarm Bell

By CCN: The Dow Jones surged on Tuesday after the US government rolled back a handful of minor restrictions on Huawei. But traders are recklessly missing the bigger picture. Former US ambassador Curtis Chin warned this morning that the trade war with China would “get worse before it gets better” as Xi Jinping battles to […]

Obama Hack Judge Rules Trump Must Deliver Private Financial Records

By CCN: In a brazen but unsurprising move last week, Democrats issued a subpoena to accounting firm Mazars USA for eight years’ worth of Donald Trump’s financial records. It should thus come as no surprise that Barack Obama judicial appointee U.S. District Court Judge Amit Mehta refused to grant Donald Trump’s request that the subpoena be […]