The Dow Jones Industrial Average will soar today on news that China and the U.S. canceled existing trade tariffs in phases.
I've got more on this below. Plus: investors are preparing for the latest update on jobless benefits and a decision by the Bank of England on interest rates.
Read on for all things moving the Dow today...
The Dow Jones Industrial Average could gain more than 100 points today as investors continue to cheer trade developments between the United States and China.
Over the weekend, U.S. Commerce secretary Wilbur Ross announced that the government would grant licenses for U.S. companies to sell to Chinese telecom firm Huawei in the near future.
But that's not the only thing moving the Dow today...
by Greg Miller
Last month, when we talked about the $4 trillion potential of a fully realized global cannabis market, we saw how world governments have been trying for more than 100 years to stamp out the illicit drug trade.
Results have been mixed to poor, to put it mildly.
It seems for every victory, like the 1993 downfall of Colombian drug lord Pablo Escobar, there are two defeats, like the vast state resources used to keep 451,000 non-violent drug offenders in U.S. prisons or the low-level drug violence that's killed an estimated 115,000 people in Mexico since 2006.
That's one of the reasons why, across North America, there's a growing socio-political consensus that the war on drugs has been an expensive failure.
That "growing consensus" gets a whole lot broader when it comes to marijuana prohibition.
According to Gallup, support for cannabis legalization in the United States runs steady at 66% right now. That's up 30% since 2005.
But despite all the progress of the last 10 years, there still exists a thriving, persistently lucrative illegal market for marijuana – even in jurisdictions where it's completely legal. And because the march to full federal legalization is basically inevitable, that black market is doing more than anything else right now to hinder the growth of the legal cannabis sector.
I'll show you what I mean in a minute, because I really want to tell you about one fully legitimate company I know of that's aiming to outcompete the criminal sector – on price, no less.
This could be big… Full Story
This could be big... Full Story
The Dow Jones Industrial Average will not see much growth today, as a number of big Dow components are feeling the impacts of the U.S.-China trade war.
Many blame the trade war between the United States and China on lower sales, higher shipping costs.
I'll address these stories further in this column...
by Tim Melvin
I haven't uncorked the champagne yet, but the mood is noticeably better here in the comfortable confines of Chez Melvin.
Why? The market, of course – what else? It's trying to sell off, but it's not quite there yet.
Over the years, I have learned to love bear markets – the bigger and badder the bear, the better. While everyone else is panicking and selling their stock, exchange-traded funds, and mutual fund positions for pennies on the dollar, I'm the one buying those positions for even fewer pennies on the dollar. When the bears are running, you'll find me paying bargain prices for great companies with wild abandon.
I've spent a lot of time studying what does and does not work in the stock market. When it comes to getting rich, the one thing that works – better than anything, pretty much guaranteed – is buying good companies when the stock market has fallen by 20% or more.
Here's how to do that in style… Full Story
Here's how to do that in style... Full Story
The Dow Jones today is rising with investors surprisingly optimistic about a possible trade deal between the United States and China.
I say "surprisingly" because President Trump has taken multiple swipes at China, and the U.S. is penalizing Chinese oil shipment firms.
JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon also said Wednesday he doesn't expect a deal before the 2020 election.
The Dow Jones today will stay flat after the European Central Bank’s refusal to cut interest rates. Investors are increasingly uncertain that the U.S. central bank will cut interest rates during its meeting next week. Strong U.S. economic data and a reassurance from European Central Bank President Mario Draghi have many thinking the Fed might hold off on loosening monetary policy.
by Mike Stenger
There's a catch to America's lowest unemployment rate in 50 years – but it happens to be a trillion-dollar industry.
It's the Baby Boomer retirement wave.
There are actually several profitable investment strategies to take with a catalyst of this size, and smart investors have already jumped on a few of them.
The Dow Jones Industrial Average fell over 440 points in morning trading as global markets plunged on escalating trade war tensions.
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.
