A good part of 2019 earnings expectations could depend on a tariff deal between President Donald Trump and China’s President Xi Jinping. Now that the highly anticipated Jerome Powell speech is out of the way and the G-20 summit is gathering, the market can begin to try to decipher 2019 earnings estimates. The Powell speech
Month: November 2018
Check out the companies making headlines before the bell: Marriott – The hotel chain revealed that hackers had access to the Starwood brand guest reservation database since 2014, and could access a variety of personal data that in some cases included payment information. The breach predates Marriott’s deal to buy Starwood, which was announced in
Sirin Labs’ blockchain phone is expected to begin shipping in late December, it was announced today. The phone’s final design was unveiled at an event in Barcelona. Sirin Labs’ Blockchain Phone Dubbed ‘Finney,’ the blockchain phone promises to advance the user experience of decentralized apps, or dApps. The blockchain phone was developed off the back of
Crypto exchange Coinbase Pro is adding privacy coin zcash to its listings. The platform announced Thursday that customers can transfer zcash into its professional trading platform, though as with previous additions, users can not yet purchase the token until the exchange has established enough liquidity. Deposits will be accepted for at least 12 hours after
Paul Manship perched his house and his studio at the edge of two abandoned granite quarries.Matt Kalinowski Few Americans today know who Paul Manship was. But almost all know his work. The sculptor of “Prometheus Bringing Fire From Heaven,” the centerpiece fountain of New York’s Rockefeller Center, was the Picasso of his day: one artist
Mall and shopping center owners across the U.S. are preparing to be hit by more store closures, following a brutal year that included department store chains like Bon-Ton and Sears going bankrupt, Toys R Us liquidating and even Walmart shutting dozens of its club stores. Now, a slew of specialty retailers like Gap and L
Bitcoin (BTC) made a rather dramatic comeback just 48 hours ago. At press time, the world’s first digital currency is currently trading above $4,300. The entire crypto community is buzzing, as most altcoins have followed BTC’s upward movements. Bitcoin (BTC) Comeback The cryptocurrency community took a huge hit in mid-November when Bitcoin Cash miners started
Bitcoin (BTC) tanked in November on the back of high volumes, raising the possibility that the market has, to some extent, capitulated. The largest cryptocurrency by market capitalization is currently trading at $4,000 – down 36 percent from its monthly opening price of $6,318 – according to CoinMarketCap data. That drop marks the biggest monthly
Now that the Federal Reserve has become slightly less hawkish on its interest rate plans, there’s one final issue that could hinder U.S. economic growth in 2019, CNBC’s Jim Cramer said: China. “Remember, if we’re going to avert a slowdown next year, we need the president to make some kind of deal with the Chinese,
Check out the companies making headlines before the bell: Apple – Apple’s iPhone XR has been the company’s best-selling model since it went on sale last month, according to a company executive who spoke to Reuters. Separately, Canaccord Genuity said its North America survey indicates soft smartphone demand with initial sales of Apple’s iPhone XR
South Korea has just become the first East Asian country to legalize medical marijuana. But it may be the second to put voting on the blockchain. Japan is already trialing the technology to allow citizens to cast votes on “social contribution projects.” South Korea has been an advocate of blockchain technology though it has a
The number of Google searches for bitcoin is now at its highest level in over seven months. Google’s trend explorer reveals the weekly number of worldwide searches for the keyword “bitcoin” has reached levels not seen since the first week in April. While the exact number of searches accrued so far this week is not
Augusta National ClubhouseGetty Walking along Magnolia Lane headed to the stunning clubhouse at Augusta National Golf Club, I was surrounded by perfectly groomed greens, massive magnolia trees and abundant yellow pansies creating the shape of the Founders Circle. The breathtaking beauty of the club is what contributes to its legendary position as one of the
Expectations for a stronger housing market in October fell short. Pending homes sales, a measure of signed contracts to buy existing homes, fell 2.6 percent compared with September, according to the National Association of Realtors. Sales were down a steeper 6.7 percent compared with October 2017. That makes the 10th straight month of annual declines.
Many in the financial world this week were claiming Bitcoin was “dead” after it hit its 2018 record lows this week. What they didn’t predict was a Bitcoin rally. On Sunday, the world’s first digital currency hit just above $3,600 a coin, which is the coin’s record-low this year. Bitcoin hadn’t seen below $3,700 since
Bitcoin (BTC) is teasing a short-term bullish reversal, having just recorded its biggest single-day gain in seven months. Prices closed yesterday (UTC) at $4,257, a 24-hour increase of 11.43 percent and the highest daily gain since April 12, according to CoinMarketCap. Back then, the cryptocurrency was trading above $6,900, 38 percent higher than the current
Even though anti-competitive mergers tend to be bad for customers, they tend to stack the odds in Wall Street’s favor, CNBC’s Jim Cramer said Wednesday. “I love the stocks of companies that have somehow found a way to legally give themselves a seemingly unfair advantage. That’s the best kind of advantage,” the “Mad Money” host
Check out the companies making headlines before the bell: Dick’s Sporting Goods – The sporting goods retailer earned 39 cents per share for its latest quarter, 13 cents a share above estimates. Revenue was essentially in line with forecasts and Dick’s raised its full-year forecast. Tiffany – The luxury goods retailer matched estimates with quarterly
Ten financial and tech companies have come together to establish an Association for Digital Asset Markets or ‘ADAM.’ The groups aim is to create a “code of conduct” for the cryptocurrency sector. ADAM is a Good Boy The body is made up of well-known crypto names. These include Galaxy Digital, BTIG, Paxos—which recently launched the PAX
U.S.-based cryptocurrency exchange Coinbase opened its over-the-counter (OTC) crypto trading desk earlier this month. In an interview with news source Cheddar on Tuesday, Coinbase head of sales Christine Sandler said that the firm launched the OTC desk as a complement to its exchange business because institutions are using OTC as an “on-ramp for crypto trading”
Share to facebook Share to twitter Share to linkedin Car vaultMartin Kemp Design The London neighborhood of Mayfair next to Hyde Park has been a luxury housing market for a few hundred years and with average housing prices around £5 million pounds (approx. $7.5 million USD) it is one of the few neighborhoods that has rebounded quickly
New York Deputy Mayor Alicia Glen sent a message Tuesday on CNBC to critics hoping to curtail $1.5 billion in tax incentives used to lure Amazon‘s so-called HQ2 to the city: “This deal is not going to get stopped.” When asked on “Squawk Box” about New York officials, such as Representative-elect Alexandria Ocasio-Cortez, who have
Nasdaq Inc. is still planning to launch its Bitcoin futures early next year, Bloomberg reported early this morning. Two individuals familiar with the Bitcoin project told Benjamin Bain, a reporter at Bloomberg, that despite the downturned market the index still plans on offering these contracts. Bitcoin Futures Bitcoin (BTC) has plunged nearly -75% since the
After years of breaking down market moves for investors — often times at the risk of being wrong — CNBC’s Jim Cramer is taking a stand against market commentators who play it safe, but never really help the average stock-picker. “If I came out here every day and said it was the seventh inning of
Check out the companies making headlines before the bell: United Technologies – United Technologies said it would separate into three independent companies, with plans to spin off its Otis and Carrier divisions to shareholders. The split, which would leave aerospace operations under the United Technologies banner, is expected to be completed in 2020. Apple –
As Bitcoin heads down the slope, the State of Ohio has just made a move that actually champions the ailing coin. And it’s a vital time for such a move. Ohio has decided to accept Bitcoin for tax payments, becoming the first state to do so. Not only is this move momentous in terms of
Nearly ten days ago, Bitcoin Cash underwent its second scheduled protocol upgrade of the year. Most in the crypto community know that a ‘hard fork’ in the chain is the only way to upgrade proof-of-work consensus protocols. Just before this upgrade occurred, competing proposals emerged and split the BCH community in three. From the scheduled hard
Share to facebook Share to twitter Share to linkedin Double-height living roomStribling Three blocks away from where Treasury Secretary Steve Mnuchin has listed his 5/6 bedroom condo for $32 million, sits this 12-story building now configured to include three separate 5/6 bedroom units all of which are included in the total asking price of $29 million (a
Bitcoin’s 15-percent recovery from the 14-month low hit yesterday may have opened the doors for short-term price consolidation. The leading cryptocurrency by market value dropped through the support of the trendline connecting the August 2015 and August 2016 lows and fell to $3,474 yesterday – the lowest level since Sept. 17, 2017 (prices as per
Most Wall Street professionals haven’t experienced a bear market of this particular nature, CNBC’s Jim Cramer said Monday as stocks recovered from their Thanksgiving-week declines. “The simple fact is, these days, most money managers can only remember the systemic risk kind of bear market, like the one we had from 2007 to 2009,” the “Mad
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