Dropbox fell as much as 10 percent during Friday’s open after its announcement on Thursday that chief operating officer, Dennis Woodside, will be stepping down in September. The cloud services company reported strong second-quarter earnings after the bell on Thursday, beating Wall Street expectations on revenue and earnings per share. But investors seem to be
Month: August 2018
Trading volume on Turkey’s cryptocurrency exchanges surged Friday as the country’s fiat currency plunged to record lows on economic jitters. According to CoinMarketCap, volume at Turkish exchanges Paribu, Btcturk and Koinim jumped over the past 24 hours by more than 100 percent each. Absolute volumes are still relatively small at these exchanges, with Btcturk, the country’s largest, handling
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.
Bitcoin’s (BTC) close today will likely decide the short-term trend in prices. The leading cryptocurrency snapped a three-day losing streak on Thursday as the 26 percent sell-off witnessed in the last three weeks was looking overstretched. What’s more important is that BTC traded yesterday within the high and low range of the previous day, indicating
Will there be a summer swoon, or a rocket rally? Markets are wound tight, despite a typical seasonal slowdown. It’s the second week of August. There’s not a lot of news, half the trading community is out, volumes are low, and stocks are moving in a narrow range. And yet, the markets can easily move
Turkey’s collapsing currency and reeling economy have fallout for other emerging markets and expose vulnerabilities at some European banks, but strategists do not now see it as a trigger for a broader banking or financial crisis. Just a few European banks were identified as major investors in Turkey, but their exposure was not seen so
Graceland is a genteel, traditional Colonial Revival house with a loud, brash interior.© Graceland It’s big, it’s loud, it’s full of color and pattern and imbued with the outsized personality of its most famous owner: Graceland. Graceland, Elvis Presley’s home in Memphis, Tennessee, is the second-most visited house museum in the U.S., with over 600,000
An increasing share of American millennials are living with mom and dad instead of starting their own homes, even as the economy has recovered since the great recession, according to a new analysis of federal data by the National Association of Home Builders. Access to home-cooked meals and family photo ops are probably not the
In the latest IOTA news, the IOTA Foundation has just received some bad press as a heated discussion between the founders of the project and their board of directors was. IOTA News: Leaked Chat-Log Transcript Sergey Ivancheglo, co-founder of IOTA, started out the chat-log by stating that he doesn’t have any confidence in his partner
Wall Street’s biggest bull is standing by his call that the S&P 500 will jump 12 percent by the end of 2018 as the broad market index nears highs not seen since January. In less than five months, the index will hit 3,200 points by year’s end as a healthy economic backdrop and robust corporate
Cryptocurrency exchange Binance unveiled the platform’s first look at its upcoming decentralized exchange (DEX) on Thursday. Binance, one of the world’s largest cryptocurrency exchanges by trading volume, announced back in March that it plans to launch a new public blockchain for the purposes of developing the Binance Chain, a platform to transfer and trade different crypto
These 31 funds are the cheapest for short-term stakes in short-term bonds. Shutterstock Do you have idle cash in your brokerage account? Chances are it’s not earning much. Consider switching to a brief investment in an exchange-traded fund that owns short-term bonds. The scorecard below shows the cheapest ETFs for a position held for three months.
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.
Bitcoin’s recent downtrend has deepened in the wake of a decision by the Securities and Exchange Commission (SEC) to delay a ruling on a keenly awaited bitcoin ETF. The leading cryptocurrency was expected to stage a minor corrective rally in the last 24 hours, having defended the key 50-day moving average (MA) support earlier this
Elon Musk‘s tweet that he is considering taking Tesla private has ignited a firestorm of speculation about how he could pull off such a deal. A leveraged buyout, as CNBC’s Leslie Picker points out, seems infeasible since Tesla does not generate the cash flow necessary to pay out the debt. That leaves a take-private structure
UBS analysts said the stocks in their coverage universe most impacted by trade tensions have underperformed the S&P 500 by about 4.5 percent since trade frictions began to intensify in mid-March. They identified 34 companies from diverse sectors, including machinery, retail, semiconductors, energy and autos. Companies and industries in sectors affected could see an earnings
Shutterstock In the last few weeks, we’ve seen a lot of news stories about home prices losing their upward momentum in some U.S. cities. The word “momentum” is in many of these articles because prices aren’t falling in most of those cities, they just aren’t increasing as fast anymore. People are wondering if these home
As Mattress Firm reportedly mulls filing for bankruptcy in order to get out of leases and shutter stores, online start-up Casper is planning to open 200 locations within the next three years across the U.S. Casper opened its first permanent store, in New York, earlier this year. CEO Philip Krim told CNBC at the time
In today’s edition of Crypto Daily News, we’ll cover Microsoft’s latest tech that runs on the Ethereum network and OKEx’s troubles launching its Bitcoin (BTC) futures. Crypto Daily News: August 8th, 2018 Microsoft Uses Ethereum Yesterday, the software giant Microsoft made a huge announcement debuting its latest Blockchain as a Service (BaaS) product. The product
The latest Bitcoin news is that Bitcoin (BTC) has taken a major hit this week and has dragged the rest of the cryptocurrency market down with it. At press time, the total cryptocurrency market is sitting at just above $225 billion, which is $75 billion lower than what it was just two weeks ago. Within
Trade war conflicts have caused soybeans to suffer this year, but after a 10 percent surge in the last month, one trader expects the rally to continue to grow. Bill Baruch, president of Blue Line Futures, told CNBC’s “Trading Nation” on Tuesday that he has a bullish outlook on soybeans and China. Here is what
Cryptocurrency markets are seeing red in a big way as the ongoing rout has wiped away billions of dollars in value. As CoinDesk reported earlier Wednesday, the collective market capitalization for all cryptocurrencies hit a new low for the year – as it stands, the overall market cap is roughly $225 billion, representing a significant decline
The author owns shares in AP Moeller-Maersk, CVS Health, Jardine Matheson, the PIMCO 15+ Year U.S. TIPS Index Fund and the SPDR Gold Trust. The trend is your friend is an investment adage that is usually associated with short term traders, employing technical analysis or other momentum strategies. It can also apply to thematic investors seeking to
Shutterstock Wall Street is working on a new platform which will ease the trading, storing and spending digital assets. That’s bullish for bitcoin and other cryptocurrencies. It will help them gain acceptance among investors, merchants and consumers. Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the purpose to create
The total market capitalization for all cryptocurrencies just fell to its lowest point in 2018. The developments come after the US Securities and Exchange Commission (SEC) delayed a decision on a proposed bitcoin exchange-traded fund (ETF). The news triggered a market reaction, ultimately sending the total value of all cryptocurrencies down to $227.8 billion on Wednesday –
The U.S. in the next five years will become an energy exporting powerhouse — rivaling Saudi Arabia in oil exports and growing into one of the world’s largest gas exporters, regardless of its trade spat with China, analysts said. China slapped tariffs on a range of oil products, liquid petroleum gas and coal, as well
People are having fun running through a water sprinkler at Jan Nowak-Jezioranski Square as the heat wave continues. Krakow, Poland on 2 August, 2018. (Photo by Beata Zawrzel/NurPhoto via Getty Images) Median property taxes range nationally between $8,477 dollars and $776. New Jersey is the most expensive state for property tax purposes. There are a
Nearly 400 Wells Fargo customers lost their homes when they were accidentally foreclosed on after a software glitch denied them the ability to modify their mortgages as they sought federal aid, the bank disclosed in a regulatory filing late Friday. The bank apologized and has set aside $8 million to compensate those affected by the
Most of the cryptocurrency market is in the red today, as Bitcoin (BTC) has just fallen below the $7,000 mark. But today, we’re focusing on EOS and Stellar (XLM), and their latest project updates and price. EOS The first EOS Global Hackathon took place in Hong Kong back in mid-June. There was a total of
Tom Lee has always remained optimistic about Bitcoin. True, the Tom Lee Bitcoin price target did change from $25 thousand to $20 thousand last month, but the Fundstrat co-founder is still confident. In fact, Lee remains confident because of what the Fundstrat Bitcoin Misery Index is indicating. Fundstrat Bitcoin Misery Index: BTC is at 39%
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