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U.S. Economy

Stock Market Close: GPRO Soars Again, While GM, DG, and CZR Run into Trouble

Stock market close

Stock market close, June 27, 2014: The Dow Jones Industrial Average today (Friday) was flat despite a rise in consumer sentiment. Next week, look for a heavy slate of economic reports, including the June unemployment report, factory orders, and the ISM manufacturing composite index.

Here’s the scorecard from Friday’s trading session, plus top news on GPRO, DG, GM, CZR, and more...

Race to Be First "Official" Bitcoin Exchange in United States Heats Up

Bitcoin exchange

Within the next few months, we should see the first U.S. Bitcoin exchange. Some half dozen companies have just been waiting for a final set of rules from New York regulators - and those rules are due next week.

While it's not that hard to buy Bitcoin in the United States, the digital currency has lacked the polish of legitimacy that a U.S-based exchange would give it.

Here are the top contenders - and a look at the huge impact the first U.S. Bitcoin exchange will have…

Fight Club: Shah battles "Dark Pools" apologist on NPR today

Today, Shah Gilani let some wicked punches fly, debunking the legitimacy of Wall Street's "Dark Pools" on NPR's popular talk show On Point.

As Shah himself said: "This is about how the market has been undermined and how it could collapse one day, literally, and trillions of dollars could be lost in a matter of days."

GPRO, AA, and GM Headline Today's Stock Market News

stock market today

Stock market news today, June 26, 2014: U.S. markets today (Thursday) opened after finishing in the green across the board in the last trading session - despite GDP figures that revealed the worst non-recession performance in four decades.

Here are the top stock market news stories today:

Stock Market Today Rises – Despite 2.9% GDP Slip – on These Top Stories

The stock market today (Wednesday) rose despite news that the U.S. economy slumped more than expected in the first quarter. Revised GDP figures for Q1 revealed the worst non-recession performance in four decades, with a 2.9% slip. The decline is also the sharpest downturn in five years, and is a significant revision from the 1% decline tallied in April.

And here are the top stories that affected the stock market today:

This "Hidden" Inflation Could Wipe Out Small Returns

Official measures of inflation tell a very different story from the reality facing consumers as they shop for groceries, gasoline, insurance, healthcare, and other everyday goods.

In the real world away from government statistics, product prices continue to rise at an inexorable rate.

Asset prices also continue to rise, particularly the prices of financial assets such as stocks and bonds as well as high-end real estate and art.

While there remain pockets of weakness in the housing markets, the prices of homes have also resumed their upward trajectory after crashing during the financial crisis.

So the question remains: If the prices of just about everything are rising, why is the government telling us that inflation is so low? Full Story

Just How Bad Is the Low Labor Participation Rate for Youth?


In another sign that the U.S. economy is not as healthy as some in Washington would have you believe, the Bureau of Labor Statistics (BLS) has reported that the labor participation rate among youth aged 16 to 19 in February was a paltry 32.9%.

"The difference between 3% growth in the economy per year versus 2% isn't a 1% slower decline, it's a 33% slower decline, and you're really seeing these numbers add up," said Money Morning Defense & Tech Specialist Michael Robinson on FOX Business' "Varney & Co."

In this video, Michael discusses this troubling trend and offers some suggestions for how Americans can deal with it.

Read More…

Profit Massively from This "Margin Call" on American Homeowners

Get ready. There's more trouble ahead for home buyers, home builders, and especially homeowners who took out home-equity lines of credit before the housing crisis. Those heydays have turned into haymakers.

What's already started to happen might not only knock out the formerly aspiring but now petering-out housing recovery, but also might knock the already weak economy to the ground.

Back in the good old days, when banks and mortgage shops were selling mortgage money and home-equity credit lines like carnival barkers wowing crowds into the big top, millions of homeowners stepped right in.

That circus tent was nothing but a trap, however. And now I'm going to tell you what that trap means for those borrowers - and the rest of the economy... Full Story

Low Rates Won't Hide This Looming Threat Forever

Financial markets are experiencing a significant divergence in 2014 between the direction of stocks and bonds.

While the S&P 500 and Dow Jones Industrial Average have traded to new record highs, the yields on benchmark Treasury bonds have dropped sharply.

Normally, one would not expect stock prices to rise and bond yields to drop simultaneously because these movements suggest contradictory readings of the economy.

Higher stock prices indicate bullishness about economic growth, while lower bond yields suggest just the opposite.

However, the inconsistent signals being sent by markets are not as surprising as they seem, given the context of the post-crisis environment in which Federal Reserve policies have distorted normal market pricing mechanisms.

This situation could blindside investors who don't see it coming... Full Story

The Most Important Stories from Today's Market Trading

today’s market trading

Here's the scorecard from today's market trading:

DOW: 16,722; -0.13%
S&P 500: 1,924; -0.05%
NASDAQ: 4,234; -0.08%

And here are the top stories from today’s market trading:

The Next Trillion-Dollar Mortgage Meltdown May Be Coming

The fourth securitization deal of big investor-owned single-family homes for rent is here.

Is this just another Wall Street gamble that will wreck the economy again, or is this time different?

You be the judge.

I'll tell you where I stand...

Full Story

Stock Market News: Beware of the "Summer Swoon"

stock market news

Stock market news: In an appearance yesterday afternoon (Wednesday) on CNBC's "Closing Bell," Money Morning Chief Investment Strategist Keith Fitz-Gerald talked about what he sees the markets doing in the weeks ahead.

"I'm becoming very, very concerned now for the first time in several weeks," Keith tells host Bill Griffeth. "I think a summer swoon is coming."

In this video, Keith talks about why he sees turbulence ahead...

Read More…

Dow Jones Futures Up Today Ahead of This Market News

Dow Jones futures

Dow Jones futures today, May 29, 2014: Dow Jones futures pointed to a 0.07% gain ahead of open today (Thursday). This morning, the U.S. federal government announced that first quarter gross domestic product (GDP) slipped by 1% - much more than the 0.4% expected contraction.

Here’s what will affect Dow Jones futures today, and other top market news…

Stocks to Buy: Get the "Google of Russia" for a Bargain


When looking for the best stocks to buy, many investors avoid companies and markets that are tangled in bad news.

For many, it seems like common sense to avoid areas that keep generating negative headlines. But for shrewd investors, "bad news" can frequently generate very profitable stocks.

And right now, Russian tech stocks are providing investors with discounted buy-in opportunities. This tech stock in particular has huge potential…

Stock Market Today: Wal-Mart Misses Earnings, Other Top Stories

Stock market today

Stock market today, May 15, 2014 The Dow Jones Industrial Average slumped from record highs yesterday on concerns of rising inflation. Producer prices increased 0.6% in April, the largest increase since September 2012. Economists had predicted a rise of just 0.2%.