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Stocks are rolling over badly on Wednesday, reversing early session strength, as investors are spooked by headlines President Trump may increase the import tariffs on Chinese goods further as well as a hawkish statement from the Federal Reserve. Policymakers upgraded their assessment of the economy to “strong”, which raised fears of an accelerated rate hike
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Quantum computing applies the laws of quantum mechanics to process information. As people do not see quantum processes in their day-to-day lives, this technology can be difficult for non-scientists to understand. This also makes finding the best quantum computing stocks difficult for investors. Instead of acting on binary ones and zeros, quantum adds “superpositioning” to
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Callaghan O’Hare/Bloomberg Earnings season and trade tensions appear to be sparring for the market’s attention even as investors await word from the Federal Reserve after the central bank’s two-day meeting concludes this afternoon. On the earnings front, strong results from Apple appear to have helped to ease some worries about the tech sector. But concerns
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U.S. stock futures are mixed this morning. Tech stocks are trading broadly higher following a solid quarterly earnings report from Apple (NASDAQ:AAPL). However, the rest of the market is feeling pressure from an escalation in rhetoric in the U.S.’s trade war. Specifically, President Donald Trump is considering boosting tariffs on some Chinese imports. Trump originally
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David Einhorn, president of Greenlight Capital Inc., speaks. Photographer: Michael Nagle/Bloomberg Famed hedge fund investor David Einhorn is having a brutal year. He’s down over 18% in 2018, posting some of the worst performance in the entire hedge fund industry. Surprisingly, it could have been worse for Einhorn. Despite his losses, Einhorn actually dodged a big bullet
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Financialization of bitcoin and other cryptocurrencies: a double-edged sword. Photo by Shutterstock This is the second of a three-part series exploring the building rivalry between cryptocurrencies and Wall Street. The first part is here. A parallel financial system is forming outside the incumbent financial system, and institutional investors are “financializing” it as they enter. The
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