Shares of Procter & Gamble rose Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the company into three autonomous units, developing local
Month: June 2018
Trian Partners’ Nelson Peltz praised President Donald Trump on Thursday for his tough stance on trade. “The president is doing some really brave things,” Peltz said at The Deal conference in New York City, run by CNBC’s “Mad Money” host Jim Cramer. The Trump administration is pushing several countries on trade, including China, where it
Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does the percentage of home equity for those owners with a mortgage. Home equity jumped 13.3 percent in the first quarter of this year compared from a year earlier, according to CoreLogic.
Still stuck in a narrowing price range, BTC could soon rise to resistance above $8,000 if the bulls are able to leap the 50-week moving average hurdle. As of writing, the cryptocurrency is trading at $7,770 on Bitfinex, having been stuck in a narrowing price range (pennant) for months now. Defense of $7,000 last week
UPDATE (7 June 3:30 UTC): This article covers a complex grassroots launch of the EOS blockchain. CoinDesk has since learned that EOS Mainnet Launch Group has settled on one chain candidate. “We have been having validation and go/no-go calls every 12 hours that have rallied both groups into a common work plan,” EOS Canada’s Marc-Antoine
One prominent real estate investor shocked some audience members at a conference on Wednesday when he used vulgar language to describe how he works with and promotes women within the industry. “I never promoted a woman because she was a woman,” Sam Zell, chairman of Equity Group Investments, said at the REITweek investor conference hosted
Planet Earth has overcome many challenges in its lifetime. Now it faces a new one: Bitcoin’s energy footprint. The challenge comes courtesy of a new peer-reviewed study, released on Wednesday, June 6, 2018. Bitcoin’s Energy Footprint – What You Need to Know Six months ago, Grist, an environmental magazine, wrote about Bitcoin’s energy footprint. Fast
As Robert Mueller looks ever more closely at President Donald Trump‘s foreign business ties, one former associate has remained outside the spotlight despite playing a key role in Trump’s quest for real estate deals in former Soviet lands. Architect John Fotiadis designed some of Trump’s most ambitious luxury developments there. A master of glass-encased towers
John Fotiadis, an architect who worked on several projects for Donald Trump, was involved with other prominent business figures in Eastern Europe. Notably, he worked with Ukraine’s richest man, as well as working for a developer in the republic of Georgia. He also moved in some of the same circles in Kiev, Ukraine as Paul
Bitcoin (BTC) is a perfect store of value, but it’s not a Panacea that could solve all the global financial problems, according to Ripple CEO Brad Garlinghouse. Brad Garlinghouse – who previously predicted that only a few altcoins would exist in the next few years, now says Bitcoin doesn’t have the potential to become the
Shares of some insurance companies dipped briefly Wednesday, after a report said Amazon might consider offering home insurance. The Information reported Wednesday that, based on one anonymous source, Amazon had discussions about offering insurance in conjunction with its connected home devices. But, the report said, “There’s nothing that suggests Amazon has any concrete plans for
Investment firm VanEck has partnered with financial services company SolidX in their latest attempt to launch the first bitcoin exchange-traded fund. The companies announced Wednesday that they would list a “physically-backed bitcoin ETF that will be insured against loss or theft of bitcoin.” Under the arrangement, VanEck will market the ETF, while SolidX will act
Binance coin (BNB), the token launched by the world’s largest cryptocurrency exchange Binance, has hit an all-time high against bitcoin. BNB achieved the new milestone of 0.002287 BTC at 10:45 UTC Wednesday, and was last seen changing hands at 0.0022 BTC on Binance, up 8 percent since yesterday. The sharp rally pushed BNB’s market capitalization
9:37 AM ET Wed, 6 June 2018 An acute shortage of affordable homes in the U.S. will continue over the coming year, according to a majority of property market analysts polled by Reuters.The shortage is driving prices up faster than inflation and wage growth. Annual average earnings growth has remained below 3 percent even as
Bitcoin (BTC) continues to operate in bearish territory and only a move above $7,780 would put the bulls back into the driver’s seat, the technical charts indicate. As of writing, the cryptocurrency is trading at $7,591 on Bitfinex. The cryptocurrency was on the defensive yesterday, courtesy of a failed breakout and a rising-wedge breakdown and
Cryptocurrency exchange Huobi announced Wednesday that it plans to allocate 30 million of its Huobi Tokens (HT) to fund the creation of the company’s own open-sourced blockchain protocol. The fund, currently worth around $166 million based on CoinMarketCap data, will be used to launch the Huobi Chain Project, which is also aimed to establish a
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Bitcoin News: Bitcoin (BTC) obsession has been declining at a staggering pace since the start of this year; the largest coin couldn’t sustain trader’s attention and the confidence that it had attained in the final quarter of last year. Cryptocurrency market analysts are blaming declining trader’s interest for the bearish trend over the last couple
According to Tom Lee, Bears aren’t accurately reading declining volume, tumbling Google search trends and prospects for the price crash. Indeed, Fundstrat’s Tom Lee believes Bitcoin is offering a strong buying opportunity for long-term investors, as he expects the largest coin to trade around $25K by the end of the year. Bears emphasize that a
Bitcoin (BTC) – Web searches for the word ‘Bitcoin’ have dropped around 75% since the beginning of 2018, according to Google Trends. Source: GoogleTrends Google Trends analyzes different ‘periods of popularity’ for individual web searches. The value of ‘100’ on their site is given to a specific term that is being searched at its peak
A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves. Intriguingly, the cryptocurrency tends to take a significant change of direction on the sixth day of every month, or at least it has so far in 2018. Having
Bitcoin’s retreat from Sunday’s high of $7,779 has poured cold water over the bull mood generated by the weekend’s positive price action and neutralized the immediate outlook. BTC closed on Sunday (as per UTC) above a key falling trendline resistance level, signaling a short-term bullish-to-bearish trend change. A bullish crossover between the 5-day and 10-day
Is Bitcoin (BTC) a real asset or bubble? This question is a continuous discussion. Economists and market pundits have been closely watching Bitcoin mania; some of them are comparing it to teh Dutch Golden Age Tulip Mania, while a few are showing confidence in its future fundamentals. The debate over the shocking Bitcoin price movement
Bitcoin Buying Opportunity?: Has Bitcoin price reached the bottom of the recent bearish cycle? Market pundits were predicting that Bitcoin price had hit the bottom of the bear run earlier this week when the coin traded at around the $7,000 level; saying the cryptocurrency markets are undervalued following the most recent selloff. Source Image: coinmarketcap.com