This is a somewhat unusual earnings season with a lot of moving parts. Expect to hear about tax cuts, buybacks, big revenue gains, trade wars and very high future earnings expectations. It’s all a rather volatile stew, and the stock market is clearly expecting a positive outcome. The stakes are high, with 20 percent profit
Month: July 2018
Check out which companies are making headlines before the bell: JPMorgan Chase – The bank earned $2.29 per share for the second quarter, beating forecasts by 7 cents a share. Revenue was also above forecasts, helped by what CEO Jamie Dimon called “open and active capital markets” that helped drive fee and markets revenue. Walt
OLNEY, MD-AUGUST 30: The Henley Model at Trotters Glen on August 30, 2016 in Olney Maryland. (Photo by Benjamin C. Tankersley/For The Washington Post via Getty Images) Have you ever driven by a sign that said “brand new community” and wondered what it must be like to live there? After all, who wouldn’t want to
The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes for sale in the second quarter of 2018, the all-important spring market, rose at three times the rate of the same period in 2017, according to Trulia, a
The Dow is getting whiplash this week. The blue-chip index is seeing another triple-digit rally on Thursday, its second since Monday, after a trade sell-off midweek. Matt Maley, equity strategist at Miller Tabak, sees two Dow stocks to buy and one he would avoid in this market’s swings and roundabouts. A stronger dollar and trade
Robinhood Exchange: Robinhood, the Financial services mobile app which launched in February of this year, has just announced further developments on its platform. Robinhood has now added support for Litecoin (LTC) and Bitcoin Cash (BCH). Currently, the Robinhood platform reaches 5 million users and the goal of the Fintech Startup is to “further expand our coin
Binance, one of the biggest cryptocurrency exchanges in the world, is reportedly among a number of investors backing a decentralized bank to be launched in Malta. Bloomberg reported Thursday that Binance had confirmed it has acquired a 5 percent stake in the so-called Founders Bank at a €133 million euro ($155 million) pre-investment valuation. Founders Bank
You gotta love the believers. TenX’s co-founder Julian Hosp is definitely bullish about market leader BTC with his prediction for the second half of 2018. At the RISE tech conference in Hong Kong the crypto wallet and card start-up founder said to CNBC: “I predicted for 2018, we’re going to see $5,000 and $60,000. So
Hello friends! No one wants a trade war except for maybe Trump and his team of staunch China hawks. In the early stages of battle, they are winning. But for how long is anybody’s guess. No one wants this to last long enough to get to the answer on whether a trade war with China
Bitcoin (BTC) traded largely sideways over the last 24 hours, though a dip soon before press time may threaten a developing bullish chart pattern if the price moves below $6,000. BTC’s drop below the 10-day moving average (MA) on Tuesday neutralized the immediate bullish outlook and shifted risk in favor of a sell-off to $6,000.
On the way to work early Wednesday morning, the main topic of conversation was the fact that the Dow futures were down less than 200 points, a surprise given the announcement of tariffs on an additional $200 billion of China exports the previous evening. You would have thought the market reaction would have been much
Despite a sluggish cryptocurrency market, stock trading app Robinhood is adding two new digital currencies to its platform. The company will add Litecoin and Bitcoin Cash to its no-fee app, which already lets users trade bitcoin and ethereum. “Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other
Shutterstock In more than 15 years as a real estate agent, broker and investor, I’ve learned a lot. Some of the most important lessons have come out of making mistakes, my very clearly biggest mistake in particular: In 2006, I decided to flip a house completely by myself. At the time I was a real
A slight increase in the number of homes for sale may be helping to juice the mortgage market. After falling for two straight weeks, mortgage application volume rose 2.5 percent last week, seasonally adjusted, compared with the previous week. The increase was driven entirely by purchase applications. Still, total volume is 4.3 percent lower than
Costco is at all-time highs, Target is within reach of its best levels of the year, but Walmart has been left in the dust. The original big-box retailer sits in a bear market after punishing sell-offs this year. Some say the stock is a no-touch. “Stay away from it. I think it’s dead money,” David
Sirin Labs blockchain smartphone: Sirin Labs, the same company that brought Leonardo DiCaprio and Tom Hardy to the London-premier of its ‘world’s most secured phone’ just two years ago, is releasing a more affordable Android phone this November. The company’s latest blockchain-based smartphone endeavor has an even bigger endorsement this time around, the world’s most
The price of litecoin spiked to $81 on Wednesday amid notable news for the cryptocurrency often called the silver to bitcoin’s gold. The world’s sixth-largest cryptocurrency by market value looks to have picked up a bid on reports that the Litecoin Foundation has acquired a 9.9 percent stake in Germany’s WEG Bank through a new partnership
By Javier Balmaceda Rejected fiscal plans, dumped restructuring agreements, trashed projections: these are some of the fruits of three years of labor in Puerto Rico’s ongoing insolvency process. Ever since the US commonwealth entered default in 2015 it has paid external advisors hundreds of millions of dollars to produce reports and proposals that have done little to resolve the Gordian Knot that is its
(Photo by Oliver Contreras-Pool/Getty Images) My best advice for you today is this: ignore the breathless trade-war panicking and focus on one thing: cash. Because the truth is, US companies—like the 3 stout dividend growers we’ll dive into below—are swimming in it. So much so, in fact, that they don’t know what to do with
Bitcoin (BTC) price could create a major bullish technical pattern in the next few days, technical charts indicate. At press time, BTC is changing hands at $6,350 on Bitfinex – down 3.6 percent on a 24-hour basis. Indeed, the short-term bullish bias has become invalid following BTC’s close below (as per UTC) the 10-day moving
Check out which companies are making headlines before the bell: Iqiyi, Baidu, Alibaba, JD.com – U.S.-listed China tech stocks are under pressure, following news that the U.S. is preparing additional tariffs against $200 billion in Chinese goods. 21st Century Fox – Fox raised its offer price to buy the part of British broadcaster Sky that
The total estimated value of waterfront homes in June 2018 is $134 billion. The sale price premium of waterfront homes is 36 percent, down from 54 percent in 2012 and 41 percent on average over the past 22 years. The biggest premiums since 1996 have been in Jacksonville, Fla., Cleveland, Ohio, Denver and Baltimore. The
The house that Mickey Mouse built now owns property at 4 Hudson Square. The Walt Disney Co. acquired the rights to develop a new headquarters on a Trinity Church-owned site. The Burbank, California-based media conglomerate, tapping into all that “Avengers” money, plans to build a new headquarters in Manhattan after signing a a 99-year lease
Walgreens isn’t the only one feeling the pressure of Amazon’s PillPack acquisition, as one Wall Street analyst copped to underestimating just how aggressively the e-commerce giant would disrupt drugstores. “We are downgrading shares of Walgreen … ending one of the more painful experiences I have endured in my 15 [plus] years as a sell-side analyst,”
The cryptocurrency market is currently trading just over $250 billion and is continuing its drop from yesterday. Late Saturday the market surged nearly $15 billion in just an hour, reaching almost $280 billion but has since lost all of its momentum. Let’s check in with Litecoin (LTC) and Stellar (XLM). Litecoin (LTC) Two hours ago,
Bitcoin (BTC) is on the defensive today and could suffer deeper losses in the next few days should the bulls fail to defend the key moving average (MA) support, technical charts indicate. The leading cryptocurrency looked vulnerable to a pullback 24 hours ago, courtesy of the signs of bullish exhaustion near key resistance of $6,800.
Joseph Stiglitz: Not everyone is a fan of Bitcoin. Despite proclamations from supporters about its revolutionary technology and the “freedom” it offers its users, many are still not convinced. If you’re Bitcoin, it must not bode well for you to have a major critic in the form of Nobel-winning economist and Columbia Professor Joseph Stiglitz.
State and local governments are struggling to keep their unfunded pension liabilities under control and are using misleading actuarial and pension fund performance assumptions to cover-up the severity of the problem. However, there is another huge gorilla of unfunded liabilities that many states and municipalities are also facing, namely “Other Post-Employment Benefit” (OPEB) liabilities. This
Share to facebook Share to twitter Share to linkedin Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
A few lucky merchants now have one less obstacle to accepting bitcoin payments via the Lightning Network. Revealed exclusively to CoinDesk, payment processing startup CoinGate is opening up a pilot program that will allow 100 merchants to trial a Lightning-enabled version of its service, one which taps into the open-source tech meant to make bitcoin
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