The list of indicators signaling a long-term bullish reversal in bitcoin (BTC) continues to grow with each passing week. The latest to join the list of a select few is the MACD histogram, which has moved above zero – turned bullish – for the first time since January. The MACD histogram, which oscillates above and
Month: September 2018
Check out the companies making headlines after the bell: RH shares dropped more than 4 percent after initially rising 6.5 percent during after-hours trading following the release of its second-quarter results. RH missed revenues estimates by $20 million, reporting sales of $641 million versus the $661 million expected by Wall Street. However, it beat earnings
A former surface coal mine was repurposed as a shopping center in Logan, West Virginia. (Photo by Michael S. Williamson/The Washington Post via Getty Images) The Office of Surface Mining Reclamation and Enforcement (OSMRE) announced the 2018 Abandoned Mine Land Reclamation Awards, recognizing techniques and achievements for reclaimed lands. On September 10, OSMRE will present
The Nasdaq is poised to start September on a high, after its best monthly performance since the peak of the 2000 dot-com bubble. Big surges in tech names including Apple, Amazon, Cisco, and Nvidia propelled the index higher to hit records three times in the final week of the month. However, some of those stocks
Over the past few years, more and more investors have decided to enter the Bitcoin market. There is no doubt that cryptocurrencies have gained in popularity. At the same time, their prices have climbed higher and higher. Bitcoin has been at the forefront. This digital currency has really paved the way for other coins. Still,
The cryptocurrency markets had a rough run in August, with only a handful of projects making it into the green. Major names such as ethereum, bitcoin and XRP all dropped on the month, down 35.45, 9.44, and 27.93 percent, respectively. Adding pressure to the situation, bitcoin’s dominance rate rose substantially, up 6 points from July’s
Check out the companies making headlines before the bell: Campbell Soup – Campbell said it would put its international and refrigerated foods businesses up for sale, following a review of its operations. The company also reported adjusted quarterly profit of 25 cents per share, one cent above estimates, but revenue fell below Street forecasts. It
One of the leading architects of his generation and a global cultural ambassador for the UK, London-based, Ghanaian-British architect Sir David Adjaye OBE believes in the power of architecture to achieve positive social change. Q&A with Sir David Adjaye Tell me about your background. I was born in East Africa. My father was the first
Former President Jimmy Carter told CNBC this week that the Trump administration is ignoring a national housing crisis, and he urged voters to support candidates who promote affordable housing. “Low-income housing needs to be raised much higher as a priority for our country,” Carter said in a phone interview. “That’s the first step toward making
Wall Street just ended its best August in years, with the S&P 500 jumping more than 3 percent in its best August performance since 2014, while the Nasdaq had its best in 18 years. It doesn’t get much better than this, according to one strategist — and that may be the problem. “The shorter-term data
China’s ban on crypto continues across the country as the Guangzhou Development District is next to be hit. What’s going on? China’s Ban on Crypto Continues Last week, a very similar ban was imposed in Beijing’s Chaoyang district, whereby venues were handed out fliers detailing a prohibition against commercial venues hosting crypto-related events. Venues such
There’s a fight going down on crypto Twitter right now. But while that fact alone should come as no surprise, this time the bout is a bit more notable given it’s between a number of cryptocurrencies using so-called masternodes. While the term is flexible, generally speaking, masternodes are defined as computers on a network – staked
Check out the companies making headlines before the bell: Coca-Cola – Coca-Cola struck a deal buy Costa, the world’s second-largest coffee chain, from Britain’s Whitbread for $5.1 billion, including assumed debt. Costa has nearly 4,000 locations across a variety of international markets. Lululemon – Lululemon reported second-quarter profit of 71 cents per share, well above
The Palace Hotel in Dubai, one of the destinations set to experience the highest water stress in years to come Water is one of our most precious resources, not just for everyday life but for businesses across the economy as well. Recent water crises in Cape Town and Sao Paolo have highlighted the problems that
The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America’s top listings over the past few months, according to a CNBC analysis. The high-end real-estate market has seen steep price cuts in recent months as foreign buyers dry up, new tax laws bite the
The market may begin looking different after Labor Day. Even though stocks just completed a banner month, the Economic Cycle Research Institute’s Lakshman Achuthan is waving a warning flag. Achuthan believes there’s a heightened risk of a sell-off that could wipe out the recent all-time highs. He used a special chart of the S&P 500
Bitmain Adds Ethereum Mining Pool: The world’s largest Bitcoin mining pool is cheating on Bitcoin. Bitmain’s BTC.com is expanding to add an Ethereum mining pool which will initially support both Ethereum and Ethereum classic. Users will now be able to switch their hashing power from one pool to another, in light of what’s happening in the market. Bitmain
New to crypto trading? Read CoinDesk’s full set of guides. Fibonacci retracement. Sounds sophisticated? But what does it do? And does it work? Luckily for traders, Fibonacci retracements are far more than just a nifty word. In fact, it’s the name of a tool used to predict potential support and resistance levels for price action.
Wells Fargo has been investigating internal complaints of gender bias in its wealth management division for months and is looking into at least one formal human resources complaint about the division’s head, a man, according to a report in The Wall Street Journal on Friday. Female executives at Wells Fargo have raised concerns about gender
A man carries a dog after being rescued from rising floodwaters due to Hurricane Harvey. (Luke Sharrett/Bloomberg) Hurricanes are only named once, except for Harvey. Hurricane Harvey is hell-bent for Houston again, but this time he tracks a red carpet path to the big screen—with real-life storm survivors and heroes as movie actors willing to
Millennials are having a love affair with pets — so much so that they’re often putting their furry friends’ needs at the top of their list when shopping for a home. Luxury landlords have been catering to this millennial trend for years, putting in dog runs on rental tower roofs and pet salons off lobbies.
One sector has been tearing up the S&P 500 this quarter, rocketing to new highs, and it’s not tech. Health care has been the surprise winner as the third quarter enters the home stretch. The XLV health care ETF has marched 11 percent higher since the beginning of July, putting it on track for its
China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a province-specific coin called the Gyeongbuk coin. But why? South Korea’s Gyeongbuk Coin The province is
NEO’s dismal performance in August has likely strengthened the already strong bear grip on its market. Down 39.6 percent month-on-month in August, it is the biggest loser among the top 25 cryptocurrencies by market capitalization, according to CoinMarketCap and analysis by CoinDesk. Throughout the month, the world’s 14th largest cryptocurrency has moved in tandem with
Bitcoin (BTC) is all set to end August with double digit-losses, but a closer look at the price action suggest better times lie ahead for the leading cryptocurrency. At time of writing, BTC is trading at $6,940 – down 10.7 percent from the month’s opening price of $7,727, according to CoinDesk’s Bitcoin Price Index. However,
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