YOTELPAD Miami, pictured above, is just one of the many multi-family developments leveraging the short-term rental trend.Courtesy of YOTELPAD Miami Airbnb and short-term rental models have flipped the hospitality industry on its head. Since the launch of the Airbnb platform back in 2008, more than 5 million “hosts” have hopped on the bandwagon, helping the
Month: October 2018
Housing stocks fell broadly Wednesday after analysts at Credit Suisse lowered their ratings and price targets on several companies in the sector because of fears of rising interest rates. A drop in housing starts data also weighed on the stocks. Home Depot and Lowe’s dropped 4.6 percent and 3.1 percent, respectively; Floor & Decor Holdings
Saudi Arabia is still negotiating a deal with Virgin Hyperloop One, a source close to the company told CNBC, contradicting a report that Riyadh had pulled out amid tensions with founder Richard Branson. The Financial Times reported earlier on Tuesday that Saudi Arabia terminated the planned deal following Branson’s decision to halt investment talks with
Fear of higher costs, through higher interest rates, higher wages and higher raw material costs, has now become a major preoccupation for investors. But strong revenue growth, if it continues, may offset concerns that higher costs will erode profit margins. We’re just getting started with earnings season, but the early signs are looking even better
Just ending the uncertainty around the midterm elections is likely to spark a relief rally, and strategists say it could be the start of a very good time for stocks, especially if Republicans hold onto both houses of Congress on Nov. 6. For weeks, the market has been pricing in a scenario where Republicans keep
Welcome to World Crypto Con! World Crypto Con, or WCC, is an opportunity for industry leaders to share their exciting new crypto and blockchain projects to the world. People who have an in-depth understanding of blockchain and cryptocurrencies, as well as those who are clueless, can learn something at WCC. Welcome to a new way to
Cryptocurrency exchange Bitfinex has just announced a new process for depositing fiat currency after the platform halted the service in recent days. Announcing the news in a blog post Tuesday, the exchange said the “new, improved and increasingly resilient” deposit system would again allow users who have been verified for know-your-customer (KYC) compliance to top up
(AP Photo/Jae C. Hong) Both mainstream and upstart automakers are planning to debut no fewer than 100 electrified vehicles in the U.S. by 2022. The question is whether the nation is equipped to handle them, especially with regard to public charging stations. Of course, the easiest way to keep an electric vehicle or plug-in hybrid
President Donald Trump said Tuesday that “I have no financial interests in Saudi Arabia” — but in fact he has boasted in the past that “I make a lot of money with them.” Trump’s tweet denying a financial stake in Saudi Arabia comes amid a growing furor over suspicions that the country’s rulers ordered the
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization has enjoyed a staggering price increase in excess of 150,000 percent since it was first listed on exchanges back in July 2010. Since then, the cryptocurrency has also experienced multiple bull runs, bear runs (the longest of which consumed much of 2014 and 2015) and stronger
There may be one reason why investors fear October so much despite stocks averaging a gain this time of the year: It tends to be the most volatile month of the calendar. On average, the S&P 500 posts a daily move of at least 1 percent in 10.3 percent of October’s trading days, according to
Nuveen Asset Management chief stock strategist Bob Doll said the market is likely to re-test its lows before it can get back on the path to new highs. “I’d be surprised if it’s over,” said Doll, chief equity strategist and senior portfolio manager. “The Friday rally and price points were pretty good, but the internals—the
Starting today, there will be new stablecoins on OKEx! The third biggest crypto exchange by market cap announced that it is adding four US dollar-backed stablecoins to its platform. Four New Stablecoins on OKEx Let’s catch up. Stablecoins are cryptocurrencies that are backed on a one-for-one basis with a fiat currency. For example: if a stablecoin
Financial services provider Fidelity Investments is launching a cryptocurrency trading and storage platform. Fidelity Digital Asset Services, LLC will provide cryptocurrency custody and trading services for enterprise clients, the company announced Monday. Tom Jessup, who is heading up the new division, announced the platform at Bloomberg’s Institutional Crypto event. It hopes to draw institutional investors, including
Selling your old home and buying a new one at the same time is a balancing act. That said, it can be done. We’ve taken the liberty of outlining all of your options below. Read them over to decide which ones will work best for you. If you follow this advice, you should be able
Sears Holdings plans to shutter 142 Kmart and Sears stores by the end of the year and begin liquidation sales shortly as it tries to emerge from bankruptcy court. The retailer currently has roughly 700 stores open. “The reduction in the number of stores that the company operates, as well as the reconfiguration of the
This morning, Bitcoin (BTC) rose almost 10% in less than an hour. After the Bitcoin price jump, investors began dumping money into the other digital assets, causing the market to widely shift green. Bitcoin Price Movement Last week, Bitcoin had its first major sell-off in months, but this morning it rose nearly $600 in less
If you’re on Medicare, it’s time to give your coverage a yearly checkup. The program’s annual enrollment period runs from Oct. 15 through Dec. 7, which is when you can make coverage changes that will take effect Jan. 1. During this autumn window, you can: • Switch to an Advantage Plan (Part C) from original
President Donald Trump has been unabashedly vocal in his criticism of the Fed’s interest rate hikes, but the president has been quiet on another important Fed policy that may also be a big factor behind the rise in longer-term rates that influence all sorts of loans, including home mortgages. On the surface, the Fed’s slow
Ripple (XRP) is making a dashing comeback this morning after the crypto market lost over $20 billion in value this week. Many of the other cryptocurrencies in the top 20 were seeing double-digit losses yesterday, as investors began dumping their digital assets. Now it seems most are making a comeback and XRP is leading the
Distributed though it may be, the EOS community has fought hard to remain united. As of June, two rival groups were briefly in competition to launch the official EOS blockchain (or mainnet) using code released by the company behind the protocol, Block.One. The standoff was resolved, and the EOS community launched a unified network later
Wayfair’s new Greyleigh collection looks just like Restoration Hardware.Wayfair Whether you’re looking at an Hermes Birkin Bag that “fell off the back of a truck,” Gucci sunglasses sold on the street or a round marble table on a pedestal—we all know nothing is quite like the real thing. But while fake fashion is often sold
Volatile price swings and plummeting valuations have been a reality for bitcoin investors of late, but those who own traditional equities haven’t been immune either. In fact, bitcoin and the S&P have correlated on and off for almost a year, each taking turns as the leading indicator. Bitcoin, the cryptocurrency advertised as digital gold due
Saving for retirement is hard. It’s even harder for those managing student loan bills. All in, student debt reached a record $1.5 trillion this year, according to the Federal Reserve. And that debt burden has taken a heavy toll on many Americans’ nest eggs. Right from the start, college graduates who have student debt have
With stocks down significantly, corporate buybacks could help stabilize the market. Buybacks have been one of the big stories supporting the market this year. DataTrek estimates that in the last 12 months, the companies in the S&P 500 have purchased $646 billion of their own stock, 29 percent more than the previous 12 months. And
After the wildest market week in months, investors are looking to U.S. corporate earnings season to soothe frayed nerves in the coming week. Stocks sold off sharply in the past week, and even with a bounce back on Friday, the S&P 500 was down 4.1 percent. A sudden jump in interest rates and worries about
Bithumb, one of the largest cryptocurrency exchanges in South Korea by its daily trade volume, has sold more than 38 percent of its ownership to a blockchain consortium in Singapore, Coindesk Korea reported this morning. The stake was sold for 400 billion won, or $350 million USD. Stake Sold Bithumb signed the deal on October
A U.S. crime-fighting agency is urging domestic exchanges to help prevent the Iranian regime from using cryptocurrency to bypass economic sanctions. The Financial Crimes Enforcement Network (FinCEN) published an advisory Friday, stating that Iran’s ”illicit and malign” use of cryptocurrency to “exploit” the financial system includes at least $3.8 million-worth of bitcoin-denominated transactions every year. “While the use
(Photo by Eduardo Munoz Alvarez/VIEWpress/Corbis via Getty Images) For decades, retail pioneer Sears ruled the US retailing industry. Its mail order catalogues and retail stores captured the hearts and wallets of middle-income Americans. That’s how Sears hit one landmark after another. In 1945, the company crossed $1 billion, the equivalent of $13 billion in today’s prices.
Rising prices and accelerating interest rates are a “one-two punch” to homebuyers, Lennar Executive Chairman Stuart Miller told CNBC on Thursday. “The combination of both higher prices … together with the acceleration and adjustment of interest rates — that is a one-two punch to what our buyers purchase, which is basically [a] monthly payment,” Miller