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Bitcoin Crashes After BTCChina Halts Trading

Bitcoin Crashes After BTCChina Halts Trading

On Thursday, Chinese bitcoin exchange BTC China announced that they will halt all trading from September 30. This decision was based on Chinese authorities’ concern over investment risks involved in cryptocurrencies and ordered a ban on initia..

American Eagle Outfitters Announced Second-Quarter Financial Results

American Eagle Outfitters Announced Second-Quarter Financial Results

On Wednesday, American Eagle Outfitters, Inc. (NYSE: AEO), a leading global specialty retailer, announced its financial results for the second quarter of 2017. After the announcement, shares of the company increased 11.4% on Wednesday.Total net reve..

Bannon's Exit Impacts Stock Market

Bannon's Exit Impacts Stock Market

Friday was a happening day both for the White House and the U.S. stock market. Steve Bannon quit as chief strategists, making room for plenty of speculation about what went wrong and whether the exit was voluntary or forced.  Apart from the fac..

L Brands Lowers Full Year Guidance, Shares Fall 10%

L Brands Lowers Full Year Guidance, Shares Fall 10%

Shares of L Brands (NYSE: LB), the parent company of Victoria’s Secret and Bath & Body Works, fell nearly 10 percent to $35.24 on Thursday after the company lowered its guidance for the year.Despite reporting second quarter earnings o..

The US - North Korea Tensions Impact the Markets

The US - North Korea Tensions Impact the Markets

Tensions are rising between the U.S. and North Korea and as expected, the political heat is leaving a mark on the market. When there is political turmoil that could have a significant global impact, it has always been seen that safe haven assets, ma..

William Ackman to Take Stake in ADP

William Ackman to Take Stake in ADP

On Friday, billionaire investor William Ackman announced that he will be buying a large stake in Automatic Data Processing Inc.(NASDAQ:ADP),  a move that made the U.S. payroll company’s stock increase 16.5% to $120.In recent years, activi..

Tech Investing Polluted by Tourist Capital

Tech Investing Polluted by Tourist Capital

For experienced private equity firms and venture capitalists, the tech boom brings with it the scourge of easy money. These 'dumb' investors make valuations go haywire. Company founders also become much too powerful than they actually should..