Dow Rallies 135 Points as Low Earnings Expectations Prove Easy to Beat

By CCN: The Dow jumped triple digits on Thursday, outpacing the broader U.S. stock market as corporate earnings season continued to surprise to the upside. Dow Charges toward Record Highs The Dow Jones Industrial Average rallied by as much as 141 points, reflecting a positive pre-market session for U.S. stock futures. The blue-chip index was last up 135 points, or 0.5%, at 26,584.95, where it was within 300 points of a record high. The broad S&P 500 Index of large-cap stocks climbed 0.2% to 2,906.14. Gains were primarily concentrated in industrials and the much smaller real estate sector. On the

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$1 Billion Crypto Hedge Fund Crashed 40% – But Still Beat Bitcoin

Crypto hedge fund traders were not immune to bitcoin’s downright frigid bear market. Just look at Polychain Capital, whose assets under management (AUM) fell to $ 591.5 million at year-end 2018, according to a regulatory filing cited in the Wall Street Journal. Investors Stay Put in Polychain Capital’s Fund The San Francisco-based crypto hedge fund boasted $ 1 billion in assets as of February 2018, which in addition to cryptocurrency included unspent cash pledged by investors and equity holdings in companies, Fortune reports. The value of Polychain’s AUM, however, tumbled nearly 40% between April and December 2018 when the bear market gripped

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Breaking: Lyft Valued at $19.5 Billion, Set to Beat Uber to Stock Market IPO

Ride-hailing company and Uber competitor Lyft will go public with 30.8 million shares at between $ 62 to $ 68 a pop. The announcement would value Lyft at $ 19.46 billion at the upper end of the spectrum. In total, Lyft will aim to raise $ 2 billion in the IPO. Per the Securities and Exchange Commission filing, Lyft will issue two classes of common stock, Class A and Class B with adjusted voting powers. Despite accumulating substantial losses, Lyft has recorded rising revenue and bookings as it takes on rival Uber in the ride-hailing race. With 30.7 million users in 2018, Lyft is

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Q4 US Economic Growth Beat Even Donald Trump’s Expectations

The US economy grew at a faster clip than even Donald Trump’s presidential administration had expected, according to the latest Commerce Department report which was delayed by the government shutdown. While significantly lower than Q3’s annualized rate of growth of 3.4%, the Q4 result of 2.6% is 0.4% higher than expected and above average when compared to other years in this period of economic expansion. GDP Exceeded Trump’s 2018 Target But Slowed in Q4 While slowing toward the close of the year, overall the GDP for 2018 came in at 3.1%, 0.1% higher than the yearly target outlined by the Trump

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Bernie Sanders is Running for President. He’s the Only One Who Can Beat Trump

Bernie Sanders has officially launched his presidential campaign for 2020. The 77-year-old is now the Democratic front-runner and the only candidate who can realistically beat Donald Trump. Not only is he the most popular Senator in the country, but recent polls also show he would pip Donald Trump in a hypothetical election.  Beating Donald Trump is a huge motivator for Sanders’ 2020 run. The Vermont Senator branded Trump an “embarrassment.”  I'm running for president. I am asking you to join me today as part of an unprecedented and historic grassroots campaign that will begin with at least 1 million people

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NiceHash to Smaller Cryptocurrency Miners : If You Can’t Beat 51% Attackers Who Lease Our Hash Power, Join Them

‣Reddit user says a single wallet on NiceHash controls 51%+ of the hashrate of Dash ‣NiceHash responds: Lease more hash power from us to shore up against a 51% attack ‣You could also shore up with used ASIC miners for a bargain discount these days ‣NiceHash could make it impossible for hashrate buyers to coordinate an attack ‣Or, you could be the next one to join the bank run on your small alt coin and hodl btc Earlier in January on reddit.com/r/Cryptocurrency, a user by the name of /u/Flenst pointed out that Slovenian hash power broker NiceHash is powering over

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Is Billionaire Michael Bloomberg Really the Democrats’ Best Chance to Beat Trump in 2020?

Steven Rattner, a major Democratic donor, told Yahoo! Finance in a recent interview for the website’s “Influencers with Andy Serwer” podcast that he thinks billionaire former New York City Mayor Michael Bloomberg could “absolutely” defeat Donald Trump in the 2020 U.S. presidential election as the Democratic nominee. Rattner, whose net worth is in the hundreds of millions of dollars according to public disclosures, is an investment financier who manages Michael Bloomberg’s personal and charitable wealth assets as the CEO of Willett Advisors LLC.  He got his start in finance as a journalist reporting on business and economics for the

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