In this strange moment for stocks, investors should hope to see bad news about the economy, CNBC’s Jim Cramer said Tuesday after the major averages traded sharply higher following weaker-than-expected economic data. “Bizarrely enough, the best thing for this market would be getting some disappointing news from the non-farm payroll report on Friday,” Cramer said.
Month: October 2018
Check out the companies making headlines after the bell: Facebook shares initially fell, then turned positive and rose 2 percent in the extended session after the social media giant released a mixed third-quarter earnings report. The company reported earnings of $1.76 per share, higher than the Street’s $1.47 per share estimate. Facebook missed expectations on
Crypto exchange Coinbase is now valued at over $8 billion after it closed a new $300 million funding round. The US exchange held a Series E investment last week. Coinbase Funding will Enhance Growth Coinbase is one of the world’s largest exchanges by trading volume, and it has been at the fore of the cryptocurrency
The world’s largest cryptocurrency exchange Binance has frozen accounts that received more than 93,000 ether from two wallets indirectly linked to the troubled Russian exchange WEX. The accounts were frozen on October 25, Leah Li, a spokeswoman for Binance, told CoinDesk. The action was taken in response to pleas from WEX users who have been
Student loan debt can impact Millennial buyers Student loan debt is impacting some first-time Millennial homebuyers. MagnifyMoney, a LendingTree-affiliated online site that helps consumers compare financial products, recently looked at student loan debt and Millennial average net worth. There were some interesting findings. According to the MagnifyMoney team, “Millennials with student loan debt tend to have
Higher mortgage rates and overheated home prices hit Southern California home sales hard in September. The number of new and existing houses and condominiums sold during the month plummeted nearly 18 percent compared with September 2017, according to CoreLogic. That was the slowest September pace since 2007, when the national housing and mortgage crisis was
A US citizen from California has just pled guilty in federal court for operating an “unlicensed money business” selling Bitcoin (BTC), called LocalBitcoins.com. The Department of Justice (DoJ) released a press release about the case yesterday, October 29th. Unlicensed Bitcoin (BTC) Sales Jacob Burrell Campos has admitted to selling “hundreds of thousands” of dollars in Bitcoin
Commercial real estate could be the next sector to see serious weakness, CNBC’s Jim Cramer warned Monday as stocks underwent yet another bout of volatile trading. “I hate commercial real estate,” the “Mad Money” host told a caller in the lightning round. “Honestly, I think that’s the next thing that’s going to roll over. That’s
Check out the companies making headlines after the bell: Akamai Technologies shares rose more than 4 percent in after-hours trading following a quarterly earnings report that beat expectations on the top and bottom lines. The Massachusetts-based technology company reported earnings of 94 cents per share, while analysts expected 83 cents per share. Akamai reported $670
SC Johnson has just announced that it has teamed up with Plastic Bank to reduce the global ocean plastic crisis happening around the world. The companies are currently trying to increase recycling rates in impoverished communities within Indonesia, while also trying to address the challenges of poverty. SC Johnson Blockchain SC Johnson and the environmental organization
Cryptocurrency exchange Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC. In a deal signed last Thursday, the firm took a majority ownership stake in the exchange. Bitstamp CEO Nejc Kodrič will retain a minority ownership stake and continue running the startup’s operations. The terms of the deal,
Once the Sears warehouse and distribution center for the northeast, the building has become a beloved Boston landmarkMike Diskins In Boston’s Fenway neighborhood stands a one million square foot yellow brick and limestone Art Deco building with a 200-foot tall central tower. It has a twin in Minneapolis, as well as siblings in Atlanta, Seattle,
A federal lawsuit filed Monday accused President Donald Trump, three of his children and their company of “deliberately” defrauding and conning “thousands” of working-class Americans by touting a marketing company as a great investment opportunity when in reality it was anything but that. The Trump Organization immediately claimed the new racketeering suit is politically motivated.
The crypto market is suffering huge losses across the board today. And leading the drop-off is the largest coin by market cap; Bitcoin dropped from over $6,500 to a new two-week low of $6,243 in early trade today. The coin has lost over $200 in a 24-hour period, and as happens more commonly than not,
After nearly two weeks stagnating at around $6,400, bitcoin (BTC) has suddenly dropped out of the trading range. At 12:00 UTC, the world’s largest cryptocurrency by market capitalization dropped nearly $200 to reach a two-week low of $6,243. For the last 14-days, bitcoin had been stuck in a range of $6,590-$6,403 – its least volatile stretch
The bond market may be the next area to shock investors. While Wall Street copes with a volatile stock market, one bond fund manager warns treasury yields are on the verge of a breakout to the upside. Yields, which trade inversely of bond prices, can put upward pressure on everything from mortgage rates to credit
Check out the companies making headlines before the bell: Comcast – The NBCUniversal and CNBC parent reported adjusted quarterly profit of 65 cents per share, 4 cents a share above estimates. Revenue also exceeded Wall Street forecasts. The company added 363,000 broadband customers and 288,000 cable customers during the quarter, with cable earnings growth its
The worldwide Xsolla billing platform provides millions of its users with a new payment system — visionary MGO tokens. These coins belong to the MobileGO project that recently raised over $53 m during the last stage of its ICO campaign. Xsolla is recognized all over the world as a global provider of billing solutions for
When it comes to trading in the crypto space there are three common mistakes new traders make: going against the trend, trading in consolidation periods and forgetting to reduce their risk. This is especially true when it comes to trading highly volatile coins with a low market capitalization and it pays to remember that when bitcoin’s
A Proposal for Fannie and FreddieFannie Mae / Freddie Mac Fannie Mae and Freddie Mac have now been in Federal Governmental conservatorship for 10 years, with no end in sight and no plan for their future. While the prevailing political climate is hostile to the agencies continued existence, there is also a well-justified fear that
Homeownership in America is not as common as it once was — especially for today’s young people. That’s the main takeaway from a new investigation into generational housing trends by the Stanford Center on Longevity. Around 63 percent of Americans owned a house in 2016 — the lowest rate in half a century. Nearly 70
The stock market is on pace for its worst October since the financial crisis. But the Federal Reserve can reverse the damage by stepping away from its current interest rate hike policy, according to veteran investment strategist Ed Yardeni. “We need the Fed to pause here and just take a breather,” the Yardeni Research President
When the chips are down, it sometimes spells trouble for the broader market, and that’s what’s worrying some investors this week. Several semiconductor companies are stumbling over their own problems, but collectively the sector’s sloppy performance and increasingly cautious outlooks are ringing warning bells for technology and the broader stock market. Advanced Micro Devices was
Blockchain is releasing its first hardware wallet, called the Lockbox. The company that is synonymous with having one of the oldest software wallets will begin shipping its new device in November. Blockchain’s Lockbox Blockchain’s online software wallet boasts over 30 million accounts, so will its new hardware device do the same? The company partnered with
A federal judge has dismissed a lawsuit against Coinbase alleging the exchange hurt investors when it listed bitcoin cash by allowing insider trading. On Tuesday, U.S. District Judge Vince Chhabria, from the Northern District of California, dismissed a lawsuit filed by Arizona resident Jeffrey Berk against Coinbase, who claimed that the exchange allowed insiders to
Getty Royalty Free This year’s National Property Preservation Conference is set for November 5-7 in Baltimore. Since 2004, conference attendees from across the mortgage industry and affiliated industries have gathered to dialogue how best to protect and preserve vacant and abandoned properties. The forum grows an informed network “for strengthening partnerships, cooperation, and support throughout
Home sales eked out a small gain in September, but the pace is still lower than last year, as affordability weighs on buyers. Signed contracts to buy existing homes rose 0.5 percent from August but were 1 percent lower than September 2017, according to the National Association of Realtors. This is the ninth straight month
Netflix’s sell-off has left the video streaming company with a “back-of-the-truck” price, RBC Capital Markets lead internet analyst Mark Mahaney, told CNBC on Friday. Mahaney, who has been bullish on Netflix, is betting that the company will rebound from its recent slides. The stock closed down just over 4 percent on Friday at $299.83. “You
Check out the companies making headlines before the bell: Amazon.com – Amazon reported quarterly profit of $5.75 per share, well above the consensus estimate of $3.14 a share. The Street appears to be focusing on revenue that came in below forecasts, however, as well as disappointing fourth-quarter guidance. Alphabet – Alphabet earned $13.06 per share
Wirex – the payments pioneer that aims to bridge the gap between cryptocurrencies and everyday spending – announced that they have teamed up with payments processing technology provider i2c to launch the United States’ first multiple cryptocurrency-backed prepaid card. It means that Wirex will be extending its European Wirex Visa Card programme, that allows cardholders to use the
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