Author: super@dmin

Over the weekend friends and family members asked me what was going on with the stock market. My answer was: How should I know? As of Thursday’s (Oct. 11) close, the Dow Jones Industrial Average DJIA, -0.80%  had fallen 6.6% from its Oct. 3 record high, the S&P 500 Index SPX, -0.53%  had slid 6.9%…

Currency markets kicked off Wednesday trade on a choppy note, as themes driving major pairs including Brexit and worries about Italy remained firmly in place. The U.S. dollar was among the better-developed market performers, with the ICE U.S. Dollar Index DXY, +0.26% last up 0.4% at 95.394, counteracting Tuesday’s sluggishness. U.S. traders are meanwhile awaiting…

Everyone has bad habits. It’s just a part of being human. I try to squash a bad habit as soon as I recognize one, and I’m sure you’re in the same boat. It’s easy to develop bad money habits early on in life, and it can be difficult to kick them even once you recognize…

There is excitement about marijuana becoming legal in Canada. Many investors are eager, but astute investors are careful. The reason astute investors are careful is because they know from experience that many will make millions in marijuana stocks but many more will go bust. In response to 11 pointers I gave to marijuana investors in…

Asian stock markets were sharply higher in early trading Wednesday, following even-bigger increases Tuesday on Wall Street. Gains of at or just above 1% have been logged in Japan, Australia, South Korea and New Zealand as global equities continue to cut into last week’s slump. Japan’s Nikkei NIK, +1.29%   jumped 1.6%, with tech stocks…

WASHINGTON — The Securities and Exchange Commission on Tuesday ruled the country’s biggest exchanges didn’t justify increases in fees they charge for certain market-data products that brokers and traders consider essential to their business. The commission, in an order released Tuesday, overturned a prior approval of fees charged by the New York Stock Exchange and…

Bitcoin prices held on to Monday’s gains but failed to get a further bump after news Fidelity, the financial services giant, would begin offering crypto trading and custody services for hedge funds and sophisticated investors. Yet, while price reaction was somewhat muted, the crypto community is hailing the news as a major win for the…

Everett Collection President Lyndon Johnson and Vice President Hubert Humphrey at a barbecue victory celebration at the LBJ ranch in November 1964. When talking about presidents using the Federal Reserve as a punching bag, it is always useful to start at the career of former Fed Chairman William McChesney Martin, who was nearly literally turned…

Market worries about a “no-deal” Brexit are on the rise again after negotiations between London and Brussels hit another hurdle, creating as much uncertainty as ever for the British pound’s post-Brexit path. Over the weekend Brexit talks again bumped up against the issue of trade between the Republic of Ireland and the U.K.’s Northern Ireland.…

Goldman Sachs Group Inc.’s investment bankers came up big in the third quarter, a fitting victory lap as their brethren ascend to the firm’s executive suite. Near-record merger fees and a boom in stock underwriting helped drive a 19% rise in Goldman’s quarterly profit, compensating for weaker results in its trading business, which has struggled…