Bitcoin price falls again on reports that China is shutting down local exchanges

China’s clampdown on cryptocurrencies has reportedly taken a new direction – to close down local bitcoin exchanges. Initial reports from Chinese media that the government plans to close down domestic cryptocurrency exchanges have seen the virtual coin shed...

If hurricane damage is ‘severe enough,’ the Fed could actually lower rates, says strategist Mark Grant

When the federal, state and local governments in Florida and Texas total the bills from hurricanes Irma and Harvey, the Federal Reserve is going to be forced to put any further interest rates this year on hold, closely watched contrarian strategist Mark Grant told...

Watch out! You’ll get ‘ripped’ if you’re in the wrong sector, Wall Street veteran Art Hogan warns

A veteran Wall Street forecaster is out with a warning, and it has nothing to do with a broad-based stock market sell-off. Wunderlich Securities’ Art Hogan is arguing you’ll “get your face ripped off if you’re in the wrong sector.” The...