The Dow Jones Industrial Average is dropping because there are now new tariffs on Chinese goods.
An additional $200 billion was slapped on the Chinese goods.
Here's everything you need to know...
by Tom Gentile
Cryptocurrencies backed by stable fiat currencies, like the U.S. dollar, made huge waves earlier this summer.
They're called "stablecoins," and they're a way to potentially blunt the notorious volatility of cryptocurrencies – an issue that profoundly affects the viability of using crypto as an "everyday" medium of exchange. You wouldn't want to draw a paycheck in crypto, for instance, or even buy a gallon of milk with it, because the value gyrates wildly almost by the hour.
Stablecoins make an end run around that problem. Even better, they provide a way for regular investors to hop in and out of crypto positions with little "friction" and take full advantage of the "good stuff" cryptos have to offer: international acceptance, ease of use, security, and privacy.
They're outrageously popular, too. For a time this summer, before its well-publicized troubles, Tether did more daily volume than the greenback.
Now stablecoins are coming back – the right way. And they're doing it all aboveboard, in the light of day, with some serious backing and the OK of U.S. regulators.
The market finally caught on to the cannabis revolution, but many are still treating the industry like a fad. With one cannabis stock in the news doubling in price intraday and giving up all those gains two days later, it's no wonder the media likens pot stocks to other bubbles.
But they fail to realize that there is real science behind cannabis for wellness and health.
And this marijuana stock is perfectly positioned to skyrocket this October...
Over the past few months, something unimaginable has happened.
It's a single change to marijuana law that opens the door to tens of billions of dollars.
And we think it's going to mind a brand-new generation of millionaires...
Our Bill Patalon first introduced this biotech company to you on the very first day he published his Private Briefing service, and it's been a huge winner for you since.
Now, it's going to grow even bigger thanks to this new drug...
August was a robust month for penny stocks.
Just look at Seven Stars Cloud Group Inc.
On Friday (August 24), Seven Stars announced a $24 billion deal to finance China's nationwide push to replace all gas-powered public buses with electric vehicles by 2021.
The announcement pushed shares of Seven Star to $5.65, locking in a gain of 175% over Monday's (August 20) opening price of $3.00 a share.
Last week, the top-performing penny stock surged more than 90%, but that's nothing compared to what's in store for the best penny stock to buy this week.
And the penny stock we do recommend could soar 136% this year alone...
In this special edition of Fast Profits with Money Morning, Shah Gilani is back again with not just one – but TWO – plays that could easily hand you impressive gains before the end of the year.
Here's your Fast Profits trade instructions from Shah Gilani.
The Dow Jones Industrial Average jumped 20-points in premarket hours as the markets continued to build on their record close Thursday.
Yesterday's new high was the Dow's first record since January.
