Winklevoss twins hire NYSE executive: The Winklevoss twins have turned to an executive from the New York Stock Exchange, hiring Mr. Robert Cornish to oversee Gemini’s use of Smarts. Gemini, the Winklevoss’ crypto exchange, has been in action since 2015, and adding Cornish to its team marks another instance of how crypto exchanges are looking to
Month: July 2018
Cryptocurrency exchange Gemini has hired former New York Stock Exchange (NYSE) chief information officer Robert Cornish to serve as its first chief technology officer. The exchange, founded by investor-brothers Cameron and Tyler Winklevoss, announced Friday that Cornish would be in charge of Gemini’s technology team and strategy, according to a press release. Further, Cornish will
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. For the First Trust Morningstar Dividend Leaders Index Fund
The price of bitcoin (BTC) is stuck in a $400 range defined by key technical levels, and the direction of the breakout will likely set the tone for the next move in the cryptocurrency. The trading range’s lower end is $6,341, a double bottom neckline (former resistance-turned-support), which was scaled on June 30. Meanwhile, $6,754 (a
Check out the companies making headlines before the bell: Northrop Grumman – Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades
Income investors know all too well, especially in today’s still-stingy environment, that high yields typically come with high, often too-high as it turns out, risks. But there are “inefficiencies” to be found, especially with Real Estate Investment Trusts (REITs), where Mr. Market often waffles between seeing stock-like securities or ownership interests in real estate. This
Manhattan real estate had its worst second quarter since the financial crisis, with prices and sales dropping and inventory rising, according to a new report. Total sales in Manhattan fell 17 percent in the second quarter compared to a year ago, according a report from Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants.
The historic bull market in global equities still has room to run, according to Citigroup’s equity strategy team, which advised clients Wednesday to continue to buy. The firm’s analysts wrote that Citi’s bear market checklist — a diagnostic used to monitor symptoms of a downturn in equities — suggests than only three of 18 “red
Last month, Bitcoin enthusiasts breathed a sigh of relief when they were informed that the Tom Lee Bitcoin price target was $25K by the end of 2018. But a month later, now in the second half of the year, Tom Lee has changed his mind. He now expects that Bitcoin will trade a little over $20,000
Gravity-defying might be the best way to describe the “ethos” token market this week. Designed to power an ecosystem of payment gateways and wallets, the ethereum-based token picked up a bid at $1.20 a week ago developers behind the effort informed markets about an impending “big announcement.” Traders responded and the crypto asset remained bid around
John Rogers, chairman and chief executive officer of Ariel Investments LLC. Photographer: Christopher Goodney/Bloomberg Coming in July, the private equity world is in for a big change that could reshape the contours of the industry a decade after most blue chip firms began to join public stock markets. On Sunday, private equity pioneer KKR &
Investment Grade Bonds Continue to Support Stocks (Getty) Investment Grade bonds have been a little weaker of later but remain strong. The North American CDS Index is a good example of that as its spread has widened to 67 from 60 in the middle of June, and from as tight as 45 back in January.
Bitcoin (BTC) needs to overcome a key technical resistance to keep the short-term bull market going, technical studies indicate. The leading cryptocurrency rose to $6,785 on Bitfinex on Wednesday – the highest level since June 22 – and looked set to test the psychological hurdle of $7,000, as suggested by Monday’s bullish breakout. However, the
Embraer – Embraer and Boeing have announced a new joint venture which will create a separate company focusing on commercial aviation. Boeing will own 80 percent of the new company, Embraer 20 percent, with the venture having a total value of $4.75 billion. Tesla – Tesla allegedly eliminated a standard brake test as it raced
This Tuesday, Oct. 17, 2017, photo shows a home for sale in Fort Washington, Pa. On Thursday, Oct. 26, 2017, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Matt Rourke) Existing home sales were down last month, and if new data released this morning is any indication, that’s a trend we’re going
A significant drop in mortgage interest rates was not enough to entice homeowners to refinance their loans last week. Total mortgage application volume decreased 0.5 percent on a seasonally adjusted basis compared with the previous week, according to the Mortgage Bankers Association. Volume was 13.5 percent lower than the same week one year ago. Applications
Patrick Kaser, managing director and portfolio manager at Brandywine Global, believes free cash flow is a key determining factor in whether or not a company will be a lucrative investment. Earnings, however, are not always indicative of a successful company. “There are many ways to manipulate earnings, earnings per share, GAAP, non-GAAP, but there’s very
What is CEX.IO? The cryptocurrency exchange CEX.IO began in 2013 as a cloud mining provider. As it began its journey towards becoming a crypto exchange, the USD market was the first to be added in 2014, followed shortly after by the EUR market. Now, CEX.IO is a cross-platform cryptocurrency exchange that can be accessed from
Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended trading services, hours after irregular transactions were reported with a token on its platform.. Syscoin, a distributed network based on a fork of the bitcoin protocol, said on Twitter around 21:00 UTC on Tuesday that it noticed a potential issue with its system and
Diego Giudice/Bloomberg Argentina and its peso are in trouble, again. By officially replacing the peso with the U.S. dollar, Argentina’s peso nightmare would end. But, in a country in which fiscal fiddlers know many tricks, some fiscal rules must also be added to the prescription. Dollarization should impose a hard budget constraint on Argentina. Under
Shutterstock Six winning funds from the Best ETFs efficiency competition. Hypothesis: You have $10,000 in a rollover IRA and you’ll spend the money four decades from now. Where to invest it? Here I present a model portfolio of exchange-traded funds that is simple to implement and very economical. It beats trying to beat the market
Bitcoin (BTC) has pulled back from the 11-day highs, still, the short-term outlook remains bullish, the technical studies indicate. The leading cryptocurrency looked overbought yesterday, as per short-duration indicators, having rallied to $6,681 on Bitfinex on Monday – the highest level since June 22. Consequently, BTC fell back to $6,414 earlier today and was last
By the Fourth of July, drivers usually see the highest gas prices of summer in the rear-view mirror. That may not be the case this year, even though the national average is down about 14 cents from the near $3 a gallon drivers paid in late May. Consumers are paying the highest Fourth of July
Shutterstock Condominium deconversions are a hot topic in commercial real estate today, and I don’t think it’s just the latest trend. As condominium stock built in the 70s and older continues to age and need updates, modernization and capital improvements, owners continue to spend money on units that may not appreciate like they once did.
It is a seller’s market, undeniably. The supply of homes for sale is low, demand is high, and now prices are heating up even more. But sellers today see more reasons to stay put than to profit. Home prices jumped 7.1 percent annually in May, according to a new report from CoreLogic. That’s the biggest
As America gets set to celebrate its 242nd birthday with multi-colored fireworks bursting in air, the suppliers of those pyrotechnics are starting to worry about whether they’ll get stuck in the middle of a trade war. So far, the Trump administration has not included the $1.24 billion fireworks industry on its list of China tariff
The cryptocurrency market made a comeback this weekend, but it seems it has begun correcting itself this morning. Cardano (ADA) and NEO are some of the coins doing well today. News broke that India’s Supreme Court denied the lifting of the Crypto Bank Ban. The ban will begin on July 5th but could be potentially
As they say, shots were fired. An investigative article raising concerns about possible market manipulation of tether has sparked a social media firestorm, with the dollar-pegged cryptocurrency’s detractors, supporters and seemingly everyone in between weighing in. In an incendiary take on an already controversial topic, Bloomberg analyzed tether trading data from the Kraken crypto exchange
Forbes Media Forbes’ November 2013 cover on how Michael Dell won the war to take his company private. “Dell Can’t Lose,” read the cover of Forbes Magazine on November 18, 2013, as we chronicled how personal computer billionaire Michael Dell relented against Carl Icahn to take his company private in what was dubbed “the nastiest tech buyout ever.” If
When we look at the movement in the price of oil on the monthly, weekly and daily charts we don’t need to know what the news about oil is. If you’re knowledgeable about technical analysis, it’s not necessary to analyze and interpret events in the market — all we’re doing is identifying the trend and