Category: Finance

The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Alibaba. Chris Harvey was a buyer of the Real Estate ETF. Gene Munster was a buyer of Apple. Brian Kelly was a buyer of Gold shares. Trader disclosure: On December 26, 2018 the following stocks and commodities […]

Fears have become reality. The S&P 500 closed in a bear market on Monday, dropping just more than 20 percent from its 52-week high. The Dow Jones Industrial Average and the S&P 500 are now on track for their worst December performances since the Great Depression. If history is any guide, the downturn will last […]

Stocks could look to bounce later in the week, after the worst Christmas Eve performance ever, but some strategists expect only a half-hearted rally attempt with more losses to come. The S&P 500 lost 2.7 percent Monday, to 2,351 in a half-day session, and is now officially in a bear market — or down 20 […]

While President Donald Trump has complained publicly about Federal Reserve Chair Jerome Powell, what he does with his pending nominations to fill two remaining vacancies on the board will tell whether he wants to escalate his fight with the Fed. Trump has nominated former Fed staffer Nellie Liang and Carnegie Mellon economist Marvin Goodfriend, but […]

President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed Chairman Jerome Powell, Treasury Secretary Steven Mnuchin said on Saturday, moving to defuse a controversy that could roil global markets even further. Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing […]