Bitcoin’s price has climbed back above $8,000 for the first time in two months, data shows. According to CoinDesk’s Bitcoin Price Index, the price of the world’s largest cryptocurrency by market capitalization has jumped by $200 in two hours on Wednesday and is changing hands at $8,015 as of press time, a level not seen
Month: July 2018
All year, two groups felt kind of bulletproof: FAANG names because the growth was so amazing, and small caps (Russell 2000) because the economy was so strong and they would do well even if there was a tariff war. But something’s happened this week. Everything has gone a bit topsy-turvey: (Week to date) S&P 500
The U.S. and China just can’t seem to bridge their differences on trade, even as the world’s largest economy’s discussions with Europe and its North American neighbors appear to be making progress. This week, President Donald Trump stood side by side with European Commission President Jean-Claude Juncker to announce talks and a truce on tariffs.
Financing a home is one of the most critical factors for buyers looking to purchase real estate. In fact, for the individuals with bad credit, financing can be a big issue. However, bad credit does not have to prevent you from purchasing real estate. Mortgage Note #1 – Seller or Owner Financing In 2017, there
The latest way to live large on vacation is to think small. The tiny-house trend has spawned hotels that let guests experience what it’s like to live in fully contained homes that can measure less than 200 square feet. “People are just curious because they’ve heard so much about tiny houses,” says John Weisbarth of
Shares of First Solar plunged on Friday after the seller of solar power systems reported a surprise loss for the second quarter as revenues badly missed expectations. The stock price fell by about $5 per share, or more than 9 percent, dropping below $49. First Solar posted a loss of 46 cents a share for
In today’s edition of Crypto Daily News, we’ll cover the crypto market taking a hit after an SEC ruling, and the CEM announcing that altcoin futures aren’t going to be released anytime soon. Crypto Daily News: July 27th, 2018 Crypto Market in the Red Source: CoinMarketCap Yesterday, CNBC reported big news that caused the entire
Cryptocurrency investment firm Pantera Capital reported a more than 10,000 percent lifetime return on Friday, coming five years after its formation. In an email, co-chief investment officers Dan Morehead (who is also CEO) and Joey Krug shared the figure as they celebrated the fund’s fifth anniversary. Perhaps unsurprisingly, they’re still bullish about bitcoin, particularly in
Bitcoin has had quite the year. It hasn’t all been good, with the digital currency dropping below the $6,000 price mark at the end of June. But recently Bitcoin has redeemed itself, witnessing strong gains over the last week. So that brings up the question of whether there are catalysts driving Bitcoin higher. If not
By Paunie Samreth and Reshmi Basu American Media Inc (AMI) executives have found themselves under a public microscope for their handling of sensitive information in 2016 about then-presidential candidate Donald Trump. CEO David Pecker – “our friend David” in Trump fixer Michael Cohen’s recorded parlance – is fending off criticism for burying a story about Trump’s extramarital
I mean exactly what the headline says. Value is fine. It always was. It is. It always will be. The reason why you might think otherwise is because Value is often assumed to mean low P/E, low Price/Sales, low Price/book, etc. That’s not necessarily so. I present here, a screen that finds value stocks that
Bitcoin’s (BTC) drop below $8,000 yesterday may have tempered the positive mood in the market, but the broader outlook still remains bullish, technical charts indicate. The overnight drop in price came soon after the Securities and Exchange Commission’s (SEC) second rejection of the Winklevoss brothers’ application for a bitcoin ETF. While the decision may have
Fifty percent of the S&P 500 has reported through Thursday, and several trends are apparent. Despite several high-profile misses like Facebook, earnings and revenues for the second quarter are higher than expected, and estimates for the third quarter are holding up. Earnings growth is running at 22.4 percent and revenues are up 8.6 percent. Here’s
The world’s largest cryptocurrency fell sharply after the U.S. Securities and Exchange Commission denied an application for what would have been the first-ever bitcoin ETF. Bitcoin dropped to a low of $7,798.70 Friday morning, about 6 percent below where it was trading before the news Thursday evening, according to data from CoinDesk. The cryptocurrency had
In Los Cabos you need two hands to count all the new luxury hotels that are opening up – Montage, St. Regis, The Luxury Collection, Ritz-Carlton Reserve, Nobu, and Four Seasons just to start. At Waikiki on Oahu, grand dames such as The Halekulani and Royal Hawaiian continue as mainstays, meaning that the opening of
Blackstone’s Jonathan Gray said the firm’s recent investments in warehousing should prove valuable as more and more consumers go online to shop. Gray, who became the firm’s president and chief operating officer earlier this year, explained that Blackstone has purchased more than 550 million square feet of warehousing since 2010. “As you think about investing,
Shares of Yum China shot up more than 16 percent on Thursday after The Information reported that Hillhouse Capital Group, one of China’s major investors in tech, is in talks to acquire the fast-food restaurant company. Yum China stock was briefly halted due to volatility. Hillhouse Capital, a private equity firm known for its investment
More and more countries, cities, and states are adopting blockchain technology. Malta already has, and so has Colorado—and for good reasons, too. Many have said that blockchain will one day surpass crypto, being the brains behind the operation. Until then, areas in the world are going to keep exploring the technology. This week, we saw
When a decentralized cryptocurrency exchange supports fiat tokens and courts banks, yet makes customer identification optional, all bets are off. According to data provided to CoinDesk by the blockchain project Waves, the company’s new decentralized exchange (DEX) was facilitating $6 million of crypto transactions a day at the end of its beta testing last month.
The U.S. Treasuries yield curve is flattening. Just about every time this has happened in the past, the U.S. economy has tanked shortly afterwards. Yet the chairman of the Federal Reserve, has just told Congress that he intends to keep gradually raising interest rates “for now”. Is this time different? Jerome Powell, chairman of the
The Pathway to American Energy Independence. Source: Shutterstock Although an MLP fund selling most of its MLPs might seem implausible, it represents a growing risk for their holders. MLP-dedicated funds are structured as corporations, which means they pay corporate taxes. They’re unique in this regard; few ETF or mutual fund investors stop to check
Bitcoin’s (BTC) 45 percent month-on-month rally has likely put the leading cryptocurrency on the path to a long-term bull market, technical studies indicate. As of writing, BTC is changing hands at $8,300 on Bitfinex, having clocked a two-month high of $8,507 on Tuesday. A month ago, it was all gloom and doom in the bitcoin
Check out the companies making headlines before the bell: Comcast – The NBCUniversal parent earned an adjusted 65 cents per share for the second quarter, 5 cents a share above consensus estimates. Revenue came in slightly short of Street forecasts. Comcast added 260,000 broadband customers during the quarter, the highest for a second quarter in
Shutterstock Navigating the real estate market as a first-time homebuyer can be daunting. After all, you’re making a huge decision and there are so many factors to consider. In an effort to help clear up the process, I went to the experts and asked real estate agents across the country to come clean and share
Record high home prices are taking their toll even on a market that is used to pricey properties. June sales of both newly built and existing homes in the San Francisco Bay Area dropped just more than 9 percent compared with a year ago, according to CoreLogic. The survey covers both single family homes and
Twitter shares have been on a tear, with a whopping 76 percent gain so far this year. The options market is predicting a double-digit move from the stock when it reports earnings Friday morning. Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” on Tuesday that Twitter’s move is expected to be
If you’re busy chasing after blockchain and crypto news, you might be overlooking the hottest new market of the past few months. This brand new market has great potential, and investing early can pretty much get you in the door to becoming a millionaire! The predicted sales for the product in North America alone is
Bitcoin’s (BTC) price has seen a $350 drop this morning from Tuesday’s two-month highs and may be headed for a short-term correction, technical charts suggest. As of writing, the leading cryptocurrency is trading at $8,220 on Bitfinex down 3.5 percent from the high of $8,507 reached yesterday. Today’s dip is not surprising and could be
House Minority Leader Nancy Pelosi speaks at a press conference at the U.S. Capitol July 23, 2018 in Washington, D.C.. Pelosi, Rep. Adam Schiff (left) (D-CA) and Rep. Eliot Engel (right) (D-CA) have introduced a resolution condemning U.S. President Donald Trump’s statements during the recent summit with Russian President Vladimir Putin in Helsinki. (Photo by
A once-reliable indicator of future recessions may be broken. The metric in question is the so-called treasury yield-curve which measures the difference in the cost of the government borrowing for two years and the cost of the government borrowing for 10 years. In the past, when the two-year interest rate on U.S. Treasuries was higher than
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