Credit: Getty Royalty Free My parents have just put our family home on the market after nearly 30 years of living there. During the process of meeting with realtors, they were told that agents are facing resistance from buyers who are unsure about how the new tax law will affect them. After digging deeper into the
Month: September 2018
By nearly any measure, this city is booming. The unemployment rate is below 3 percent. There is so much construction that a local newspaper started a ”crane watch” feature. Seemingly every week brings headlines about companies bringing high-paying jobs to the area. Yet, Denver’s once-soaring housing market has run into turbulence. Sales and construction activity
The Federal Reserve just keeps on hiking, and it could be setting the U.S. economy up for its next recession, says Peter Boockvar, chief investment officer at Bleakley Advisory Group. This week, the Fed raised its benchmark interest rate a quarter point, and upgraded its expectations for economic growth for this year and next. However,
Blockchain can be explained as an innovative technology that’s designed to transform the digital landscape. It was originally a decentralized ledger used for transactions in bitcoins. This ledger comprises various linked blocks of transactions in which an identical copy was meant to be stored on every computer that was part of this network. The changes
Memes are a pretty important part of the crypto ecosystem – how else would crypto visionaries display their wit and sometimes passive aggressivity? It’s no wonder then that District0x’s Meme Factory is seeing quite the buzz. Not only did District0x raise $9 million in an initial coin offering last year, backed by Boost VC and CoinFund,
“What are you doing here?” a young engineering student asked Vipin Mayar, the head of artificial intelligence initiatives at Fidelity Investments, at a MIT conference in San Francisco. As Mayar recalled, “They were all just… surprised.” Fidelity executives are getting used to the confused looks and double-takes their company booth draws at Silicon Valley job
financial advisor putting a coin in her savings piggy bank Recently, I “discovered” a new type of REIT that caught my attention. It occupies a sub-, sub-, sub-sector, thought as lost as Atlantis, elusive as unicorns, merely mythological, a tale spun late into night, ‘round the flickering REIT campfire. But seriously and without hesitation, I’m
As lawmakers consider disaster relief in the wake of Hurricane Florence, projects to rebuild North Carolina’s shrunken shorelines are likely to get a healthy chunk of government money. To their advocates, these so-called beach nourishment initiatives are crucial steps in buffering valuable oceanfront properties from storm damage and boosting local economies that rely on tourism.
The third quarter is wrapping up, September is coming to a close, and CNBC’s Jim Cramer can finally breathe. “The third quarter’s in the bag and it’s been a good one — best in five years. Even September was good, and historically, that tends to be a rough month,” the “Mad Money” host said on
What if players could arrange a spontaneous cash game of any multiplayer title with tailored rules and the means to enforce fairness? It would need to be secure, so that gamers know there’s no chance of foul play, but also has to cater to the demands of a large number of players. Otherwise, there is
Zebpay, the largest cryptocurrency exchange by trading volume in India, has announced it is halting its trading service later today. Giving only several hours’ notice, the Ahmedabad-based company said in a tweet that, from 16:00 local time (10:30 UTC) on Friday, it will halt its exchange service and cancel all unexecuted orders, crediting the funds to
Calls for more clarity on cryptocurrency regulation are now coming from Congress, not just bitcoin fanatics. More than a dozen members of the House of Representatives sent a letter to Securities and Exchange Chairman Jay Clayton Friday urging his agency to tell investors, in plain English, how it plans to regulate cryptocurrency. “It is important
The Transcript in New York City is emblematic of the new resident-only bars and restaurants being unveiled in high-end residential buildings.Ben Fitchett Consider the exclusive world inhabited by denizens of American’s most luxurious multifamily buildings. Theirs is a rarefied environment of sumptuous fitness centers, saunas, spas and poolside cabanas. In these exquisite settings, they alone
Hong Kong house prices have fallen on average for the first time since early 2016, as sentiment looks to have turned against the city’s notoriously expensive real estate market. The city’s official index that tracks the price of private homes, dropped by 0.6 point to 393.9 last month, from 394.2 a month earlier, according to
Wall Street is buzzing over SEC’s civil action against Tesla CEO Elon Musk, predicting significant negative ramifications for the electric car market due to the announcement. Shares of the automaker are down 12 percent in Friday’s premarket session. The Securities and Exchange Commission sued Musk for fraud, according to court documents filed on Thursday. The
Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO? Bitmain IPO Bitmain’s long-awaited IPO is still in its draft form and pending further listing hearings from the HKEX. The announcement of
Bitcoin missed a bull breakout by a whisker, as prices backed off from a six-day high of $6,826 hit earlier today. BTC’s persistent defense of $6,000 over the last three months has convinced many, including billionaire investor Novogratz, that the leading cryptocurrency has bottomed out around the February low. While that argument sounds logical, a
In cryptomarkets, history doesn’t repeat itself, but it does rhyme. In light of ether’s emphatic and near 40 percent recovery in price since mid-September, we think the calls for an “ETH bottom” do have some merit. As it turns out, the current market structure of ETH against its BTC pair is very similar to that
Check out the companies making headlines after the bell: Tesla shares fell nearly 12 percent in after-hours trading following news that the Securities and Exchange Commission has sued CEO Elon Musk for fraud. The suit is related to Musk’s August tweet that stated he was “considering taking Tesla private at $420” and already had “funding
A structure destined to be the nation’s largest Passive House office building, 310 N. Sangamon in Chicago , is being developed by Mark Goodman & Associates.Mark Goodman & Associates Passivity isn’t a characteristic valued around many office buildings. It’s usually the go-getting office worker who’s most prized. But when it comes to the design of
With both home prices and mortgage rates continuing to rise, fewer consumers signed contracts to buy existing homes in August. So-called pending home sales fell 1.2 percent for the month, according to the National Association of Realtors’ seasonally adjusted index. Sales were down 2.3 percent compared with August 2017. That was the fourth monthly decline
Stifel issued the highest Amazon price target on Wall Street Thursday, highlighting the company’s continued leadership in e-commerce and cloud services as critical to expectations of wider profit margins. Analyst Scott Devitt told clients to expect Amazon shares to rally to $2,525 from Wednesday’s close at $1,974.85 over the next year. The new target implies
The world’s largest exchange by trading volume is changing its stance. Coinbase will begin to list more altcoins as it adopts a more ‘open-door’ process to coin applications. In a matter of weeks, we should see more Coinbase altcoins trading on the exchange. Coinbase Altcoins To date, Coinbase lists just five cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH),
Four months after first announcing the creation of a dollar-backed stablecoin, cryptocurrency finance firm Circle is releasing it to the world. Circle co-founders Sean Neville and Jeremy Allaire wrote in a blog post Wednesday that its USD Coin (USDC), developed with help from the company’s CENTRE affiliate consortium, would act as a mean to tokenize
Bitcoin (BTC) is on the defensive, having breached crucial support on Monday and could suffer a deeper drop, courtesy of a bearish crossover between key moving averages. As of writing, BTC is changing hands at $6,420 on Bitfinex, representing a 3 percent drop on a 24-hour basis. The bullish break above $6,600 witnessed on Friday
Check out the companies making headlines after the bell: Bed Bath & Beyond shares plunged 15 percent in after-hours trading after the company reported second-quarter earnings numbers that missed expectations. The company reported earnings per share of 36 cents, compared to the 50 cents per share expected by analysts. The company reported $2.94 billion in
Share to facebook Share to twitter Share to linkedin The listing of China hotpot chain Haidilao International Holding at the Hong Kong Stock Exchange today has lifted its two founding couples into the ranks of the world’s billionaires. Zhang Yong and his wife Shu Ping hold combined stakes worth $6.9 billion at today’s closing price of
Homeowners continued their rush to refinance, as mortgage rates jumped even higher last week. The new highs seem to be sending a message that this is the last chance for most borrowers to benefit from a refinance. Total mortgage application volume rose 2.9 percent last week compared with the previous week, according to the Mortgage
The Apple rally is about to get a whole lot sweeter, says TradingAnalysis.com founder Todd Gordon. Apple shares have rallied more than 10 percent since its market cap crossed $1 trillion for the first time ever in August, and according to Gordon, the stock could get a bigger boost following its earnings report in late
We’ve all heard the saying that “ignorance is bliss” at some point in our lives, but this term most certainly does not apply to the financial world. In the financial sphere, ignorance is risk, not bliss. It’s for this very reason that traditional financial markets are regulated. The US markets are more than happy to
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