world economy

Is This the New Martin Shkreli?
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Remember Martin Shkreli’s sinister move back in 2015? The biotech entrepreneur raised the price of Daraprim by over 5,000% — and was immediately dubbed “the Most Hated Man in America.” Well, a new contender just entered the ring. Avondale Pharmaceuticals jacked up the price of Niacor by over 800% last month. Previously, 100 tablets of […]

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The Impossible Bitcoin Prophesy
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Bitcoin is now legit on Wall Street. On Sunday night at 6 p.m. EST, bitcoin futures began trading in Chicago. Per Bloomberg: For essentially the first time, professional and individual investors who want to buy into the bitcoin craze will be able to do so without having to actually buy the digital currency, and they […]

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Jail Time for Market’s Supervillain
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The U.S. District Court in Detroit just sentenced the Volkswagen executive who tried to cheat environmental regulations. Oliver Schmidt was sentenced to seven years in the clink and $400,000 in fines. Schmidt masterminded the software that hid Volkswagen vehicles’ true emissions data from regulators. Despite a claim that he was simply following management’s “script,” the […]

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Bitcoin Goes Mainstream on Dec. 18
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Sooner or later, mainstream interest in Bitcoin and cryptocurrencies was bound to explode. What amazes me is how quickly awareness changed from ignorance and hatred to adoration and unbridled bullishness. Consider… Less than three months ago, the list of Bitcoin haters included Wall Street heavyweights like JP Morgan’s CEO Jamie Dimon, emerging-markets guru Mark Mobius […]

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Five Reasons to Doubt a Coming Techpocalypse
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Bubble talk abounds! From Bitcoin to FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks, it’s become the talking heads’ favorite daytime activity to opine about their imminent collapse. I’ll concede the Bitcoin doubters have good cause. After all, there aren’t any widely accepted fundamental metrics to evaluate the cryptocurrency and anchor a valuation argument. Supply, […]

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Winter is Coming for the Market’s Hottest Trade
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It’s a tough time to be a short seller in today’s stock market. Stocks only go up, right? At least that’s what the market is telling us… The S&P 500 has more than tripled since the start of the bull market. And in the last year, the VIX index – which measures stock market volatility […]

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Protect Your Stock Gains Against Tax Bill Flop
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As you know, the Wall Street Daily team is incredibly bullish on the market. And we’re not the only ones… The most recent American Association of Individual Investors Sentiment Survey showed a 5.4% spike in bullish sentiment to 45.1%. That’s a nine-month high! Despite the length of the bull market, though, there’s plenty left in […]

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Who Loves Guns More than NRA?
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It’s a most perverse relationship. Every time a mass shooting occurs, gun stocks soar. Put frankly, as much as it pains me to report… Buying call options on gun stocks in the immediate aftermath of mass shootings is among the easiest trades on Wall Street. “Gun stocks rose Monday following the deadliest mass shooting in […]

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The Two Most Shocking Thanksgiving Statistics
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We’re less than 48 hours away from the most anticipated time of year – holiday shopping! And the stage is set to shatter sales records. The National Retail Federation predicts Americans will spend as much as $682 billion. Online holiday shopping sales are expected to hit a record, too, topping $100 billion for the first […]

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