Get ready for holidays sales at Sears, which will be followed by the permanent closing of 142 stores. But what happens to anyone with a Sears Kenmore appliance and a possibly defunct warranty? “We are honoring our warranties, protection agreements and guarantees as normal,” the company said in a statement. If you need help with
Month: October 2018
Strategists expect China’s weakening currency to eventually fall through a key psychological level that could spark an even steeper drop and, no doubt, draw a new round of criticism from the Trump administration. The Treasury Department on Wednesday refrained from naming China a ‘currency manipulator’ in its biannual currency report, but it kept it on
Zebpay, India’s largest cryptocurrency exchange, is heading for Malta! Following in the footsteps of major platforms Binance and OKEx, the exchange has had no choice but to move its operations to the ‘blockchain island’ amid strict regulations in India. Zebpay Moves to Malta The exchange shut down its operations in India last month, due to
North Korea’s infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. According to an article published Friday by The Next Web, the coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571
A dreamy gallery wall that will help others achieve their dreams.Dustin Walker for Hutch Buying things for your home can feel just a little self-indulgent. After all, a sofa is a necessity, but the handmade coasters on your coffee table—not so much. However, with so many brands working with a variety of organizations that give back, you can
Nestled in a peaceful pocket of Scarsdale, New York sits an original, Dutch Colonial Home listed on the market for a relatively tame price of $1.395 million, reflecting a softening market in one of the Empire State’s wealthiest suburbs. While the house includes charming features — such as a picturesque, freshwater spring pond — what
The Dow Jones Industrial Average shed more than 1,300 points earlier this month in the most dramatic drop since February. If you are a client of Morgan Stanley Wealth Management, you may have received a message from your financial advisor. The purpose of the message would be to tell you exactly what happened in the
Check out the companies making headlines after the bell: PayPal stock jumped more than 7% percent after the market-close on Thursday following the release of its third-quarter earnings report. The payment company beat on both its top and bottom lines, reporting earnings of 58 cents per share on revenue of $3.68 billion, vs. analyst estimates
Litecoin transaction fees are set to be lowered by ten times in the next Core release. The team behind the seventh biggest coin by market cap revealed the news via a Medium post earlier today. Litecoin Transaction Fees Set to Lower Currently, the average Litecoin transaction fee equates to about $0.05 per KB. But the network’s
A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer. According to a Reuters report Friday, the Financial Action Task Force (FATF) – the France-based intergovernmental body founded in 1989 to develop policies for tackling money laundering – said that global jurisdictions will have to bring into force licensing schemes
Bürgenstock Hotel & Alpine Spa in Switzerland nominated for Best Hotel Design One of the key ingredients with new hotel launches is the inspiration from some of the most influential designers in the world. When I enter a hotel lobby or suite, and it has a specific wow factor, it is attributed to these talented
The Treasury Department on Friday outlined rules for investors seeking to finance development in under-served regions in exchange for significant tax breaks. The proposed guidance would govern investments in so-called “opportunity zones” across the country that were created under the sweeping new Republican tax law. Treasury Secretary Steven Mnuchin estimated as much as $100 billion
The small-cap Russell 2000 index has seen better days. The group of stocks has fallen into a correction, and is currently on track for its worst month since January 2016. Here’s what three experts have told CNBC in the last week about the move. “The trade war is still top of mind. Small caps have
There’s plenty of talk that some aging unicorns might go public next year, including Palantir, Airbnb and maybe Uber. But if this market volatility continues into next year, they are either going to have to drop their prices dramatically, or postpone their IPOs. Simply put, the recent after-market performance of initial public offerings has been
Check out the companies making headlines before the bell: Procter & Gamble – The consumer products giant reported adjusted quarterly profit of $1.12 per share, exceeding estimates by 3 cents a share. Revenue also came in above Street forecasts and the company posted organic sales growth of 4 percent for its fiscal first quarter. Honeywell
Nicolas Maduro, Venezuela’s president, called on workers in his country to save money in gold and his cryptocurrency ‘The Petro’ during a salary shake-up Thursday. According to the local news source Noticiero Digital, in the next few weeks workers will be receiving their bonuses in the Petro coin, instead of fiat. Nicolas Maduro and The
Tether (USDT) tokens are flooding into a wallet address controlled by the Kraken exchange, one of the few places where the troubled stablecoin can be converted into U.S. dollars. The exchange’s wallet balance stands at nearly 47.8 million USDT at the time of writing, making it the eighth-most valuable wallet holding this asset, according to the
One of the most exciting parts on being a buyer is getting to go to all sorts of open houses. However, when you’re actually thinking about making a purchase, these outings take on a much different flavor than when you’re just visiting one for something to do on a Sunday afternoon. All of a sudden,
Just weeks before the midterm elections, the Trump administration announced details of tax breaks designed to help spur investment in economically distressed neighborhoods. But while investors and real estate developers can expect to see immediate tax benefits from the new rules, it won’t be clear for a while how effective the program will be in
Goldman Sachs CEO David Solomon sat down with CNBC’s Wilfred Frost on Thursday in a wide-ranging interview about his transition to the chief executive role, the U.S. economy and the sell-off hitting Wall Street. “When you have a run like that, there’s no question that at times markets are going to retrace a little bit,”
When China’s stock market falls sharply, there’s a good chance U.S. stocks — and some big blue chip names like Goldman Sachs and Caterpillar — go down with it. The Shanghai Composite Index plunged 2.9 percent Tuesday, sending negative ripples through world markets. China stocks are now down 12 percent in October and 26 percent
The cryptocurrency market is currently sitting just above $210 billion this morning. While mainstream media is heavily focused on cannabis at the moment, blockchain companies are still making moves in the background. Today, we’ll take a closer look at Ripple (XRP) and Litecoin (LTC) and the latest advancements with the two projects. Ripple (XRP) Ripple
Clients of the long-defunct crypto exchange Mt. Gox must submit any claims for trapped funds by Oct. 22. As previously reported by CoinDesk, the exchange first opened up the claims process in August, following a protracted bankruptcy battle. In June, petitioners asking for their bitcoin back won a major victory, as the Japanese bankruptcy court overseeing the
Share to facebook Share to twitter Share to linkedin Halo Effect: How Bricks Impact ClicksICSC If you’re looking for proof of the mutually beneficial relationship between physical retail and online stores, just look at the vast array of digitally native brands opening brick-and-mortar stores and established brands expanding into additional markets. Whether it is Casper
Bank of America Merrill Lynch downgraded homebuilder stocks Toll Brothers, PulteGroup and NVR as the investment bank lowered its homebuilding estimates for 2018 and 2019. “This morning BofA Merrill Lynch’s US economics team lowered its 2018-2019 housing starts and new home sales forecasts and thus we slightly temper our macro housing assumptions,” analyst John Lovallo
According to sources, on October 16th, a Bitcoin user managed to transfer 29,999 BTC with a transaction fee of only $0.10. This amount of Bitcoin equates to $194 million, and a transaction of this magnitude would usually incur bank fees in the tens of thousands of dollars. With such a small Bitcoin fee for such
With the fourth quarter shaping up to be considerably choppier than many expected, it’s time to look at Wall Street and see which stocks the experts are betting on as solid picks amid the selloff. The Dow Jones Industrial Average and S&P 500 fell more than 4 percent last week despite strong gains on Friday.
As third-quarter reporting season approaches for automakers and suppliers, analysts have been shaving earnings forecasts for a group that has already been slammed by profit worries and trade war concerns. On Wednesday, Morgan Stanley warned about China exposure and cut earnings estimates for GM, Ford and Fiat Chrysler. Morgan analysts said they remained cautious on
The Ethereum (ETH) Foundation has just announced its fourth set of grants given out to 20 individuals and groups working on the Ethereum blockchain. [Blog] Ethereum Foundation Grants Update – Wave IV #ethereum #grants https://t.co/Xw39mmIX93 pic.twitter.com/gu0csjFlNk — Ethereum (@ethereum) October 15, 2018 Ethereum (ETH) Grants According to the official press release, the total amount of
Binance, the biggest cryptocurrency exchange by trading volume, is working with crypto compliance and investigation software provider Chainalysis to implement a new global compliance solution, the companies announced Wednesday. As part of the partnership, Chainalysis will provide access to its “Know Your Transaction” compliance software, enabling the exchange to monitor cryptocurrency transactions in real-time, according
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