Month: July 2018

Earnings season, for the most part, has been outstanding. Companies are almost always beating numbers and at least maintaining or raising guidance for the full year. There are a few companies complaining about higher dollar and commodity costs (Illinois Tool Works, Kimberly Clark), but they are the minority. But that rosy outlook changed Monday night,
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Senators Elizabeth Warren (D-Mass) and Bernie Sanders (I-VT) have introduced a new bill that would essentially wipe out tens of billions of dollars of Puerto Rico’s $73 billion in outstanding debt. The proposed legislation entitled the “U.S. Territorial Relief Act of 2018,” which counts Sen. Kirsten Gillibrand (D-NY), Edward J. Markey (D-Mass.), and Kamala Harris
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Bitcoin (BTC) price has climbed above the $8,100 mark for the first time today since mid-May. Source: CoinMarketCap Big Week for Bitcoin Bitcoin’s bull run this week is leading many to predict a return of its 2017 bull run that pushed BTC to almost $20,000. Source: CoinMarketCap July 16th seems to have started this run
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When the first read on second-quarter U.S. GDP data gets released Friday, its expected to be good enough to grab some big headlines. But no one is expecting the growth to be anywhere near as good as things got in the years under President Bill Clinton or those of President George W Bush. A battery pack is installed in a
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Shutterstock San Francisco-based Bitwise Asset Management has filed a registration statement for a publicly-offered cryptocurrency index ETF with the Securities and Exchange Commission. The company said in a statement that the new ETF will track the returns of Bitwise’s market-cap-weighted index of the 10 largest cryptocurrencies, the HOLD 10 Index. It is intended to serve both
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Shutterstock Thanks to a new strategic partnership, homebuyers in 15 states can now see faster (and fully digital) closings on real estate transactions. As of this morning, digital notary platform Notarize has partnered with Title Resources, a national title company, to offer electronic notarizations to its customers. The deal opens the door to 100% digital
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The nationwide housing shortage continues but is especially troublesome for homebuyers with a budget of $250,000 or less, Susan Wachter, professor of real estate and of finance at the Wharton School of Business at the University of Pennsylvania, told CNBC on Monday. Rising labor, land and material costs are slowing down the supply, “except at
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Sarissa Capital Management chief investment officer Alex Denner spoke with CNBC Pro for an exclusive interview from the Delivering Alpha Conference in New York, and detailed his case for investing in Biogen. Like other shareholder activists, Denner’s approach focuses on improving the strategies of companies to unlock otherwise trapped equity value. Having previously served as
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Crypto community responds to Mastercard outage: Global payment giant Mastercard suffered a huge outage last week that led to a substantial hold-up in users’ transactions. Mastercard down – users report card payments failing due to glitch https://t.co/UxaCec5vhQ pic.twitter.com/XsSlIlqaLQ — Frédérique FP (@Frederique_FP) July 16, 2018 First reported by the Financial Times on July 12th, the outage
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Some say a “decentralized exchange” is an oxymoron. Perhaps not, but for now it’s not much more than an aspiration. Over the past year, dozens of cryptocurrency trading platforms have marketed themselves as decentralized exchanges. While models vary, the term implies they allow users to trade on a peer-to-peer basis, and more importantly, without using
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Shutterstock For so long fixed-income investors have felt financially pressured to invest in real estate investment trusts (REITs), dividend-paying stocks and high yielding securities they never thought would fit their risk profiles. So why’d they do it? Because back then bond yields were so limbo-low. Fast forward to a more hawkish Federal Reserve. They promised
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Bitcoin’s (BTC) price clocked a two-month high of $7,820 today and looks set to extend gains further, a key cryptomarket gauge indicates. CoinMarketCap’s bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency, rose to 46 percent today — the highest level since December 20 — adding
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The third round of blockchain rankings has been released by the Chinese government. Yet again, China ranks EOS number one. The rankings, released by the government-backed China Electronic Information Industry Development (CCID), evaluate the public blockchain networks with three different metrics. The metrics include technology, applicability, and innovation. Previous Leaders CCID released its first set
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U.S. President Donald Trump speaks at an event where he signed an executive order establishing a National Council for the American Worker. President Trump hosted leaders of the private sector to sign a Pledge to Americas Workers to create solutions to issues affecting the American labor force, and to create more than 500,000 opportunities for
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Shutterstock Bitcoin’s wall of worry is quite different than the stock market’s wall of worry. The equity world is concerned with the effects on earnings of interest rates, the price of oil and the latest thinking of the current White House occupant. With the crypto-currencies, all of that is interesting and ultimately relevant, but the
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