News That Matters

Tag: rally

Stocks are cheap and should rally 15% to 20%: Guggenheim's Scott Minerd

Stocks are cheap and should rally 15% to 20%: Guggenheim's Scott Minerd

Finance
The stock market hasn't peaked yet, Guggenheim's head of investing told CNBC on Friday. Instead, right now it is going through a "classic seasonal adjustment," said Scott Minerd, the firm's global chief investment officer and chairman of investments. Guggenheim has $ 265 billion of assets under management. "Markets tend to continue to rise until after the Fed's last rate increase," he said in an interview with "Power Lunch." The Federal Reserve is expected to raise rates one more time before the end of the year and three times in 2019. In fact, Minerd...
Thousands rally in London for Brexit referendum

Thousands rally in London for Brexit referendum

World
Oct. 20 (UPI) -- About 700,000 protesters seeking a referendum on the final Brexit deal rallied in London Saturday, in the biggest march in the capital city since a 2003 protest against the war in Iraq. Demonstrators at the People's Vote March for the Future are demanding a referendum on the terms of the Britain's exit from the European Union next year. The rally attendees included lawmakers who support a new vote, something Prime Minister Theresa May said would not happen. At the same time as the People's Vote rally, about 1,200 rallied at a pro-Brexit rally in Harrogate, a town in North Yorkshire, England. The event was organized by Leave Means Leave and led by former U.K. Independence Party leader Nigel Farage, who said the government should move forward with the vote. "And that's our ...
Florida shooting survivors rally for stricter gun controls

Florida shooting survivors rally for stricter gun controls

World
Media playback is unsupported on your deviceSurvivors of a Florida school shooting that left 17 people dead have travelled to the state capital to press lawmakers to take more action on gun control.About 100 students arrived in Tallahassee hours before the state legislature rejected a ban on assault rifles like the one used in the attack.They are due to stage a rally at the statehouse later and meet legislators.It is the first organised protest of the youth-led anti-gun movement that has swept the US since the attack.Under pressure to act, President Donald Trump on Tuesday backed a move to ban devices that can enable rifles to shoot hundreds of rounds a minute. This bump-stock accessory was used by a gunman in Las Vegas to kill 58 concert-goers last year.Six radical ways to stop US school ...
Damian Lillard leads late rally in Portland Trail Blazers' win over Miami Heat

Damian Lillard leads late rally in Portland Trail Blazers' win over Miami Heat

Sports
MIAMI -- The Miami Heat bench players, particularly Udonis Haslem, playfully acted as if they had fainted while watching a strong first-half shooting effort by teammate Wayne Ellington. In the second half, the Heat wilted -- for real. C.J. McCollum scored a game-high 28 points and Damian Lillard came alive late as the Portland Trail Blazers rallied from a 16-point second-half deficit to defeat Miami 102-95 on Wednesday night at American Airlines Arena. Lillard, who has scored more than 30 points 10 times this season, had been held to nine points through three quarters. But he finished with 18 points to help Portland (14-13) snap a season-high five-game losing streak. "You almost hate (Lillard) having a pedestrian box score going into the fourth quarter," Heat coach Erik Spoelstra said of L...
In line with rally in litecoin & bitcoin, this cryptocurrency soars 140% in 3 days

In line with rally in litecoin & bitcoin, this cryptocurrency soars 140% in 3 days

Finance
NEW DELHI: After remaining in a range of $ 0.15-$ 0.25 for the past six months, another cryptocurrency ripple spiked over 141 per cent in the past three trading sessions till December 13. The digital currency surged to $ 0.58 on December 14 from $ 0.24, according to the data available with coindesk.com. Cryptocurrency litecoin has also soared over 100% during the same period. With the sudden spike in the prices of ripple, it recently overtook litecoin in terms of market capitalisation. Ripple is fourth biggest cryptocurrency after bitcoin, ethereum and bitcoin cash. Ripple has a maket capitalisation of around $ 22 billion, whereas bitcoin, ethereum and bitcoin cash have a market cap of $ 279 billion, $ 72 billion and $ 30 billion, respectively. Bitcoin, ethereum and litecoin have soa...