Bitcoin’s price risks deeper losses below $8,000 as the bears seem to be winning a four-day-long tug-of-war with the bulls, technical studies indicate. At press time, BTC is changing hands at $7,950 on Bitfinex – down 2 percent in the last 24 hours – having clocked a low of $7,968 earlier today. The cryptocurrency was largely
Month: July 2018
Check out the companies making headlines before the bell: Pfizer – Pfizer reported adjusted quarterly profit of 81 cents per share, 7 cents a share above estimates. Revenue also beat forecasts. Its results were helped by stronger sales of drugs like its arthritis treatment Xeljanz and pneumonia vaccine Prevnar. Procter & Gamble – The consumer
Bloomberg/file 2012 SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trading in Friday’s session are Intel Corp. and Finisar Corp. After Thursday’s closing bell, Intel INTC, +0.48% said it is raising its second-quarter revenue outlook on improving PC demand. Intel now expects sales for the current quarter at $13.7
The proposed eco-lodges in Hatta, UAEMeraas Signs offering western junk, a Route 66 diner, Winston cigarettes and oregano adorn plans for a visitor center welcoming international travellers to an ecotourism destination set in the scenic mountainside outside… Dubai? As the UAE looks to diversify its tourism sector, developer Meraas released photos this month of projects bringing the kitschy
There’s always a catch. For instance, someone offers you your dream home — whether it’s a villa in Tuscany or a Palm Springs mid-century ranch — at zero financial cost to you. But you’d have to give up a beloved pet, or turn down a fantastic job. Or cheer for the Cleveland Browns, who didn’t
The market’s favorite technology stocks are tanking as investors growing concerned over the companies’ ambitious growth targets following disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.7 percent drop Monday to the 2,737 level. FANG
The IBM blockchain platform aimed at financial services was launched today, according to a CNBC news report. IBM currently holds several blockchain-based patents and is working on several different projects with Distributed Ledger technology. IBM Paves the Way When cryptocurrency began its ramp up back in mid-2017, several banks around the world started eyeing blockchain technology to see
If cryptocurrency is decentralizing the world of money, a new bitcoin wallet startup thinks it could also help decentralize the world of work. Revealed exclusively to CoinDesk, Misthos launched its multi-signature wallet Monday on top of Blockstack‘s decentralized application platform. One of the first enterprise products launched on Blockstack, the wallet is designed for project
Kim Kardashian promotes Bitcoin: Reality television star Kim Kardashian-West announced to her 114 million Instagram (IG) followers that she staked a physical Bitcoin (BTC) in a charity poker event in LA last night. West’s sisters, Kendall Jenner and Khloe Kardashian, along with their mother Kris Jenner, hosted a table at yesterday’s ‘If Only’ Texas Hold’Em Charity Poker
Ali Mohammadi/Bloomberg Iran’s rial plunged from 98,000 IRR/USD on Saturday to 112,000 IRR/USD on Sunday on Tehran’s Ferdowsi Street. That stunning 12.5% one-day plunge has pushed the rial into a classic death spiral. The last time the rial was in a grip of such a spiral was back in September 2012. The chart below shows
Ever since members of the oil cartel OPEC, led by Saudi Arabia, and 10 non-OPEC producers, led by Russia, came together in a historic 2016 agreement to take 1.8 million barrels per day (bpd) of production out of the global supply pool, there has been a lot of chatter about it leading to something more
Bitcoin’s (BTC) price is consolidating in a narrow range at press time and could regain bullish momentum above $8,350, technical charts indicate. The leading cryptocurrency moved back above $8,000 on Friday as expected and was seen rising to recent highs above $8,500 over the weekend. However, BTC has traded in a sideways manner in the last
It is a rough day for growth-technology investors. The so-called FANG stocks are falling Monday after disappointing quarterly results from two of the top companies in the sector. Shares of Facebook, Amazon, Netflix and Alphabet are all in the red to start the trading week. Facebook and Netflix were off by 4 percent. Amazon and
Bloomberg /file 2012 Disney is among the stocks worth watching because of its ties to soccer’s World Cup. MADRID (MarketWatch) — Among the companies whose shares are expected to see active trading in Monday’s session are Medtronic Inc. and Covidien PLC , as well as Layne Christensen Co. Medtronic MDT, +0.44% announced a deal on
The Mountain’s billion dollar views stretch from downtown L.A. to Catalina Island.Beth Coller Listed for $1 billion, The Mountain in Beverly Hills is officially the most expensive property in the history of Los Angeles (if not the world). Let that soak in. Yes, billion with a “b”—as in Bezos, Buffett and Bloomberg. If you’re super
4:00 AM ET Fri, 27 July 2018 It used to belong to Mel Gibson and looks like it belongs in the middle ages. The “Braveheart” actor lived in this massive Connecticut mansion on 75 acres, but now it’s back on the market. Reporter Robert Frank takes you inside the unique property to see what $20
Cloud-based software company LogMeIn fell more than 24 percent during late-morning trading due to weak outlook for the third quarter. The Boston-based company reported earnings per share of $1.32 versus Wall Street expectations of $1.25, according to FactSet. However, it lowered its revenue expectations for the fiscal year by 2 percent. LogMeIn now expects its
Winklevoss Twins Get Second Rejection: Where the Cryptomarket is concerned, talk about establishing an ETF is a big deal right now. Only on Wednesday, BitWise applied to the SEC to establish an ETF and bull’s and bears across the spectrum have weighed in on the necessity of an ETF for the digital coins. However today,
If any coin is going to fly under the radar, it makes sense for a privacy coin to do so. Spectre (not be confused with a separate project called SPECTRE), created two crypto tokens – the aptly named spectre token and the xspec token – in 2016, but hasn’t received much notice from the crypto community
High-yield funds with rate hedges increase risk at worst possible time. (Photo by: MyLoupe/UIG via Getty Images) Often, simpler is better in finance and that definitely applies in the case of “hedged” high-yield funds. These funds own high-yield bonds with interest rate hedges. The three that I know of are HYGH (Blackrock) HYZD (WisdomTree) and
A Toyota Mirai model car is prepared ahead of the start of the Geneva International Motor Show 2018 on March 5, 2018 in Geneva. This year’s Geneva Motor Show comes at a curious time for an auto world enjoying record profits yet also gripped by doubt midway through the grand transition from diesel to electric
The Securities and Exchange Commission rejected a proposal by Cameron and Tyler Winklevoss, founders of crypto exchange Gemini, for the first-ever cryptocurrency ETF. Last year, the SEC disapproved an application for the “Winklevoss Bitcoin Trust” but in June the group submitted a proposed rule change. Among other arguments, the agency said in a release Thursday
Tech bellwether Apple leads the earnings parade in the week ahead, as market focus also shifts to the Fed’s mid-week meeting and Friday’s jobs report. About a quarter of S&P 500 companies report in what will be the last big week for second-quarter earnings. Earnings are up about 22.6 percent over last year and are
The entrance to Dubai Mall’s VR Park which opened in March 2018.Brennan Cusack Dubai’s new theme park offers experiences from desert safaris to skydiving, bank heists to lessons in surviving the apocalypse all within a 26,000 square foot space in Dubai Mall. Welcome to VR Park. For $40, visitors can get unlimited access to 18
It is the most visible, most effective and most mundane marketing tool in all of real estate. The “for sale” sign. And it hasn’t changed in more than a century, until now. Compass brokerage, a new kid on the real estate block, is ready to disrupt the sign with a new, high-tech, interactive, “smart” model
Expedia Group shares jumped on Friday after the travel website operator reported a quarterly profit well above estimates. The company reported a second-quarter profit of $1.38 per share on Thursday, beating the 89 cent consensus estimate by Thomson Reuters. Revenue for the second quarter, meanwhile, fell in line with analysts’ expectations at $2.88 billion. Shares
Formerly known as Moneybookers, the popular online payment operator Skrill has just announced big news in the crypto space. Skrill adds coins, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). We know lots of people want to experiment with #cryptocurrency trading but don’t know where to start, so we made the entire
July 26 might be forever remembered as one of the darkest days in Facebook’s history – or, at the very least, for its shareholders. An otherwise unassuming Thursday, the day saw the social media giant lose more than $120 billion in market value, the biggest loss in one day for any U.S. traded company. According
Shutterstock It’s fashionable to sneer at the conventional wisdom. Didn’t it tell us that the Iraq War would be a breeze? That Donald Trump would never be elected president? And in the financial realm, that damage from the unwinding of the housing craze in 2007 could be “contained”? Financial advisors tend to be custodians of
The stock market moved higher early in the week, as the better-than-expected earnings from Alphabet (GOOGL) helped fuel a 0.48% gain in the S&P 500 on Tuesday. The market was hit by selling pressure late in the week, however, as the plunge in Facebook (FB) added to the investor nervousness ahead of Friday’s GDP report.
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