Shares of Office Depot jumped 12.9 percent on Tuesday, after the company reported better-than-expected earnings per share and revenue for its second quarter. The Boca Raton, Florida-based retailer reported adjusted earnings of 5 cents a share, beating the 4 cents a share average estimate of analysts. Office Depot also reported $2.63 billion of revenue for
Month: August 2018
The U.S. Securities and Exchange Commission (SEC) has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month. In an order published on August 7, officials at the agency wrote that they were giving themselves more time to deliberate on whether to approve what would be the
Picture of 10.000 bolivar-bill taken in Caracas on July 26, 2018. – Venezuelan President Nicolas Maduro on July 25 announced the removal of five zeroes from the country’s currency — two more than originally planned — amid hyperinflation the IMF said could reach one million percent this year. (Photo by Juan BARRETO / AFP) (Photo
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 looks primed for a minor rally, having defended a key moving average support in the last 72 hours. The 50-day moving average (MA), one of the most widely tracked technical indicators, was put to test in the previous two trading days. However, on both occasions, prices failed to penetrate the MA support by the
Markets are about to break out to historic highs. The S&P 500, the S&P mid-cap, and the S&P small-cap indexes are all less than 1 percent away from the historic highs they hit in January. The S&P 500 has moved nearly 2 percent in the last three trading sessions and is now 22 points (less
The S&P 500 could soon reach a new all-time high and then may very quickly, hit a wall. Strategists expect the S&P 500 to easily push into record territory and beyond in the dog days of August, but they say watch out for turbulence and a likely pullback once markets get past Labor Day. The
Bella Vista is listed for $19.5 million.Adrian Anz Acting legend John Barrymore starred in the 1932 film classic, Grand Hotel, the first film featuring an All-Star ensemble cast in a large animated venue with overlapping storylines. In real life, Barrymore lived in Bella Vista, an equally grand Beverly Hills estate where a similar roster of
Three rich pals of President Donald Trump contributed most of more than $200,000 raised by a legal defense fund set up for White House officials and former campaign aides caught up in special counsel Robert Mueller‘s ongoing investigation — but that fund has not spent any money on legal fees, according to reports. Instead, the
Jefferies shared with its clients the firm’s best current stock picks. The firm looked for companies with below average Wall Street coverage and where its analysts are particularly optimistic over the stock’s fundamentals. “We highlight 35 stocks covered by Jefferies that are above $1B in cap, which sit in the coverage sweet spot of 3
TRON has been in the news quite a bit recently, and for good reasons, too. The latest piece of TRX news came today, August 2nd, and it has caused the TRON vs Ethereum debate to rage on. TRON vs Ethereum: Who’s the Leader Now? On Thursday, Justin Sun provided an update on the TRON mainnet.
Bitcoin derivatives trading provider LedgerX says it saw a “record” amount of trading volume over the last two months. The firm cleared $50 million in derivatives volume in July alone, president and chief risk officer Juthica Chou told CoinDesk. Earlier this month, the firm also executed its largest trade to date for a December $15,000
Shutterstock The interest rate on the 10-year Treasury is trending higher every month that goes by. The price of oil is trending higher every month as well. This has been the case for a while now and I’m surprised that, so far, the stock market mostly continues on as if little of that mattered. I’m
A copy of a IRS 1040 tax form Photo by Joe Raedle/Getty Images Both ETFs and mutual funds typically hold a set of investments on your behalf. Yet, in many cases ETFs can be a smarter decision from a tax standpoint, we’ll explain why. First off, there are many reasons to hold ETFs and mutual funds,
Bitcoin’s (BTC) price is trading in an indecisive manner after hitting 19-day lows below $6,900 on Sunday, but could pick up a bid on acceptance above $7,100, technical studies indicate. The leading cryptocurrency fell to $6,890 on Bitfinex yesterday – its lowest level since July 17 – before ending the day (as per UTC) on
President Donald Trump may not like the Fed’s interest rate policies, but the stock market doesn’t seem to mind — and it has been outperforming during Fed Chairman Jerome Powell’s first six months in office when compared to the early days of other Fed chairs. The Dow Jones industrial average was up 4.6 percent in
Tucked away in the heart of Playa Mujeres, a secluded peninsula in the northeastern tip of Mexico’s historic Caribbean coast, La Amada is a secret oasis for deep relaxation. The feeling of remoteness is so palpable that it’s hard to imagine the private community is just a 15-minute drive away from tourists-bustling Cancun. Pool at
The highest interest rates in about a month and high home prices took their toll on the mortgage business last week. Total mortgage application volume slipped 2.5 percent from the previous week and 12 percent from a year ago, according to the Mortgage Bankers Association’s seasonally adjusted report. While homebuyers are less sensitive to weekly
Investors in travel stocks like Caesar’s Entertainment, Wynn Resorts and Expedia took flight this week, sending the companies’ shares sharply lower. Craig Johnson, chief market technician at Piper Jaffray, says one consumer leisure stock is working for him. “The best stock, from our perspective, is Boyd Gaming. It’s going to have more of a domestic
Yesterday, cryptocurrency-focused merchant bank Galaxy Digital Holdings Ltd. (GLXY) started trading on the Toronto Stock Exchange. The stock lost a lot of momentum but closed the day in the green. Galaxy Digital TSX Stock Movement According to TMXMoney, Galaxy Digital Holdings started trading at $2.09 a share and ended the day at $2.30. The stock gained $0.21
Trading volume at one of the world’s largest cryptocurrency exchanges has plummeted by 40 percent in three days after it temporarily stopped opening new user accounts. South Korea’s Bithumb exchange – which suffered a $31 million hack in June – said in a blog post on July 31 that it will suspend the opening of
Announced this morning is some pretty major news that Bitcoin bulls have been waiting for; Intercontinental Exchange (ICE) – the trading giant that owns the New York Stock Exchange – has a goal of breaking Bitcoin into mainstream currency and it plans to do this by forming a new company called Bakkt. Bakkt is soon
Share to facebook Share to twitter Share to linkedin These 23 funds are the cheapest of their type for in-and-out trades. Shutterstock What does it cost to own the whole bond market for a brief period? This ranking tells you. The table scores exchange-traded funds for their three-month holding costs, defined to include the effect
How much should you invest outside the U.S.? Photo: Tobias Schwarz/AFP/Getty Images) One critical question for all stock investors is, what should my international exposure be? Unfortunately, here investors can be their own worst enemy. This issue may end up hurting performance, or increasing risk, or both. On average, U.S. investors hold around 15% of their
Bitcoin bears may be in the midst of taking an upper-hand. At press time, BTC is changing hands at $7,536 on Bitfinex, down 6.9 percent on the day, a figure that also finds the price breaking a key support level at $7,800. The world’s largest cryptocurrency by market capitalization has been largely confined to a narrow price
The private table in the back of Nobu was a tabloid photographer’s dream. It was January 2005, and Tom Brady, Michael Jordan, Alex Rodriguez, Bill Clinton, Gary Cohn and Marc Lasry were among the group dining at the Japanese eatery after 18 holes at Jordan’s celebrity golf tournament in the Bahamas. For most 25-year-olds, having
ShutterstockShutterstock What I’ve learned from watching the real estate industry for the last few years is that traditional brokerages are caught in a shrinking space. It’s a space that will have less and less opportunity as the market continues to drive agents toward the outer limits. Successful brokerages will need to define what they’re offering
The long list of housing headwinds is finally taking its toll on potential buyers. Housing demand fell 9.6 percent in June, compared with June 2017, according to a monthly index from Redfin. That is the largest decline since April 2016. Red-hot home prices, rising mortgage interest rates, very few listings at the entry level and
Webster Financial shares will thrive due to strong growth from its commercial banking and health savings account businesses, according to J.P. Morgan. The firm reiterated its overweight rating for Webster Financial’s stock and added it to J.P. Morgan’s focus list, predicting the bank will generate earnings per share above expectations next year. “We recently held
VANCOUVER, British Columbia, Aug. 03, 2018 (GLOBE NEWSWIRE) — AXS Blockchain Solutions Inc. (“AXS Blockchain”) (CSE:BAXS) (FRA: C0B), a leader in blockchain solution development, is pleased to announce that the board of directors has appointed Ashik Karim as Chief Executive Officer, and a director, effective August 3, 2018. Mr. Karim is currently and will also
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