Stocks aren’t tanking Monday because Wall Street believes President Donald Trump is “right” about trade, according to CNBC’s Jim Cramer. “I thought that [stock] futures would open down big,” Cramer said Monday on “Squawk on the Street.” “By not being down, the market is saying, ‘Trump’s right.’ It’s not saying [trade] doesn’t matter. It’s saying
Month: June 2018
Not many experts would recommend packing investment accounts like 401(k) retirement plans with bitcoin. The digital currency is just too volatile. But there’s nothing wrong with setting a little aside — money you can afford to lose — for wild bets, like gambling a few bucks at a casino. Bitcoin certainly offers an adrenaline rush.
Electronic Arts will benefit from the battle-royale trend popularized by Epic Games’ “Fortnite,” according to one Wall Street firm. The game publisher announced Saturday it will add a battle-royale mode to its “Battlefield V” game. The title is slated for release on Oct. 19. Piper Jaffray reiterated its overweight rating for Electronic Arts shares, predicting
Check out the companies making headlines before the bell: Rent-A-Center – Rent-A-Center said it has received an increased takeover offer from a company that was previously interested in buying the rent-to-own furniture retailer. That follows the company’s Sunday statement that it did not find a suitable buyer and that it had ended its review of
Months after hitting record highs, the S&P 500 is still marooned below 2,800. To one self-described “unapologetically bullish” portfolio manager, the rally will pick up speed over the summer to surge through year’s end. “We think right now that there’s a wall of worry. That’s evident because everyone feels the need to apologize for being
The bitcoin market has come alive in the last 36 hours, with the bears gaining the upper hand and now aiming for fresh 2018 lows below $6,000. The cryptocurrency dropped nearly 10 percent on Sunday, hitting a two-month low of $6,619 on Bitfinex, having spent the last two weeks trading in the narrow range of
Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. With over 1,560 cryptocurrencies for investors to choose from, the abundance can seem overwhelming. But it also raises an interesting question: How important is it to have exposure to a
The price of bitcoin dropped $500 in a single hour Sunday to hit a two-month low below $6,700. According to CoinDesk’s Bitcoin Price Index, the world’s largest cryptocurrency by market capitalization is now changing hands at $6,718, up slightly after reaching a daily low of $6,647, its lowest total since April 10. Indeed, data shows
Canada Crackdown – The Canadian government just announced that going forward it will regulate any businesses “dealing in virtual currency” as Money Services Businesses (MSBs). This move is aimed at protecting Canada’s financial ecosystem from potential terrorist financing activities and money laundering. Canada considers money service businesses as those that handle money, but are not
These are the three ways you can make money owning Rental Real Estate, and exactly how to calculate your cashflow and profit – enjoy! Add me on Instagram / Snapchat: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ The Real Estate Agent Academy: Learn how to start and grow your career as a Real
Key Highlights: Bitcoin Cash price held steady for the past few days, trading in the $1,050-1,150 range throughout most of the week. BCH/USD is heading for an upside break, now on a bullish trend line testing a major resistance of $1,125. A major support level has been established at $1,080. BCH/USD Heading For Upside Break
VALLEJO, Calif. — California is in the middle of an affordable-housing crisis that cities across the state are struggling to solve. Rick Holliday, a longtime Bay Area real estate developer, thinks one answer lies in an old shipyard in Vallejo, about 40 minutes northeast of San Francisco. Here, in a football-field-sized warehouse where workers used
It’s going to be a big week for the markets, with three central bank meetings (the Fed on Wednesday, the European Central Bank on Thursday and Bank of Japan on Friday) and President Trump’s summit with North Korea dominating the headlines. There also is a pile of economic data on its way: CPI on Tuesday,
By now, most people are aware that Codius is coming back. This in itself is big news, but the relaunch of the smart contract platform is making waves for two other reasons. First, people are talking about it because the product will not be launched through Ripple, but rather by Coil. Second, there is speculation
Bitcoin day traders appear to be on the rise. The Financial Times reports that there is as much Bitcoin (BTC) owned by short-term speculators as there is by HODLers, or long-term investors, now. Bitcoin Day Traders Catching Up Blockchain research company Chainalysis discovered the Bitcoin data. This data shows that the amount of BTC held
Ripple (XRP) started the week off making headlines, and it appears to be ending the week in the same way. On Monday, we saw positive Ripple news hit the market. First, the company donated $50M to Universities across the globe. Second, XRP was listed on the SBI Holdings crypto exchange. Today, we have seen both
Bitcoin price hovered around the $7,550-$7,650 territory on Friday morning. Volatility has declined since the beginning of the week, as BTC/USD has been largely trading in this range for the past seven days. BTC/USD also struggled to move past the $7,700 price point earlier today. BTC/USD Holds Support At $7,550 For most of Friday morning,
The purchase of three properties by President Trump‘s son-in-law on the banks of a toxic Brooklyn canal triggered a series of unusual real estate deals and a windfall profit from transactions financed by a bank tied to the Trump family. The property transactions totaling more than $150 million began in late 2014 and early 2015
A surge this week has Tesla racing back to levels not seen in three months and reversing a sell-off that had wiped out a year’s worth of gains. The charts suggest its comeback is just getting started, one technical analyst says. “Tesla likes to consolidate and then thrust higher,” TradingAnalysis.com’s Todd Gordon told CNBC’s “Trading
Check out which companies are making headlines before the bell: Verizon – Verizon named chief technology officer Hans Vestberg as its new CEO effective August 1, replacing Lowell McAdam, who will remain as executive chairman through the end of the year. Vestberg is the former CEO of Sweden’s Ericsson. Facebook – Facebook said a software
Emerging market stocks are sinking, and one portfolio manager is urging more caution. Chad Morganlander, portfolio manager at Washington Crossing Advisors, told CNBC’s “Trading Nation” that emerging markets could fall further. Here’s why. • One large emerging markets-tracking ETF, the EEM, has fallen 1.5 percent this year amid a gradually strengthening U.S. dollar and concerns
Apple shares fell 2 percent in U.S. premarket trading on Friday, after a report said the firm told its supply chain to make 20 percent fewer parts for iPhones in the second half of 2018. The Nikkei newspaper, citing unnamed industry sources, reported that Apple was placing less orders as it is taking a “cautious”
Bitcoin has been squeezed into an increasingly narrow range for more than two weeks and is now experiencing volatility not seen for eight months. As a result, it’s looking likely that bitcoin could soon make a strong move, but the direction it will take when that happens is less than clear. Since May 24, the
Allianz Technology Trust (ATT) doesn’t hold heavy positions in many FAANG stocks, senior portfolio manager Walter Price told CNBC on Friday, partly because he prefers opportunities elsewhere, but also because he doesn’t see massive growth ahead. FAANG refers to a basket of high-technology growth stocks — Facebook, Amazon, Apple, Netflix and Google — that have
The euro is unlikely to see a massive upswing next week as central bankers meet to discuss the end of monetary stimulus in the region, analysts have told CNBC. The common currency has been recovering from political shocks over the last few days, hitting its highest level on Thursday since May 15, at $1.1838. This
Israeli investor Yossi Vardi has a knack for identifying top tech companies. Over his five-decade career, the 76-year-old has earned a multi-million-dollar fortune and the unofficial title of Israel’s hi-tech ‘godfather’ after investing in almost 90 IT companies, including the world’s first instant messaging platform, ICQ. So what is his winning formula? CNBC Make It
Buying a home has turned into a game of Jeopardy!: If you don’t act with lightning speed, you lose. U.S. homes that sold in April – meaning final contracts were signed – were listed an average of just 64 days earlier, the fastest turnaround since the housing crash and recession from 2007 to 2009, according
The launch of Bitcoin ETF’s could drive Bitcoin (BTC) price higher. Although the SEC has previously denied permitting Bitcoin ETF trading, two asset management firms have collectively submitted a new application to introduce regulated Bitcoin ETF’s (Exchange-Traded Funds). SolidX Management LLC and New York-based asset manager Van Eck Associates Corp said their new product would
Apple is considered the likely winner of the $1 trillion market-cap crown. One technician has a bullish call for an Amazon breakout that could push the e-commerce giant above that level, too. “Amazon, quite frankly, is in an outstanding technical and fundamental position. It is a two-way star. It is Shohei Ohtani. It pitches and
Jamie Dimon and Warren Buffett have again made a pitch to eliminate “short-termism” by calling on CEOs to stop providing quarterly guidance. But is earnings guidance really the issue? I don’t think so. To begin with, only about one in five companies still provides quarterly guidance. Second, eliminating earnings guidance or commentary would do nothing