The markets have a new problem. Positive talk on trade is starting to play out as a market mover. Stocks rose in Tuesday’s premarket session after President Donald Trump tweeted to “watch for an announcement” on China and trade. Tweet The optimism lasted for all of an hour after the open, though. Stocks started coming
Month: December 2018
Check out the companies making headlines after the bell: American Eagle shares fell more than 6 percent after the market-close Tuesday. The clothing brand missed revenue estimates revenue, reporting $1 billion while analysts expected $1.02 billion. It met earnings projections at 48 cents a share. It also reported 8 percent growth in comparative sales, while
US automotive and life insurance group State Farm is now testing blockchain technology to potentially speed up auto claims. The company announced the new pilot for its blockchain-based subrogation platform on its website yesterday. State Farm Testing Blockchain Technology According to the company’s website, the company processes just over 38,000 claims per day and has 519,000 accounts
Crypto exchange Gemini has just launched a mobile wallet for its users. Gemini CEO and co-founder Tyler Winklevoss wrote in a Medium post on Tuesday that the new app allows customers to buy or sell cryptocurrencies, view market prices, see their own portfolio values and set price alerts, among other features geared toward traders. The
Welded atop The Sophie at Bayou Bend in Houston, an evergreen marks completion the luxury condo project’s skeleton. The 10 ft. evergreen, attached to a pipe, had one heck of a ride, swaying a bit in the wind as a construction crane hoisted it seven stories to a rooftop post.Courtesy of The Sophie at Bayou
A key long-term bitcoin (BTC) price indicator is reporting oversold conditions for the first time in almost four years. The widely followed 14-week relative strength index (RSI), which oscillates between zero to 100, is currently seen at 29.80 – a level last seen in January 2015. An asset or a cryptocurrency is considered to be
Cowen’s internet analyst said Amazon is his best idea for 2019 as he sees multiple opportunities that will generate solid revenue and margin growth in the coming years including international growth, cloud business and advertising. Amazon will post 17 percent annual revenue growth the next five years, Cowen’s John Blackledge predicts in a note on
The market is paying far more attention to the negatives than the positives. On Monday, it was Brexit, technical breakdowns, and perhaps more worry over the Mueller investigation. “I think that Santa’s making his own list and traders are making a list that has more than a few negatives on it,” UBS Art Cashin quipped
The fear of the Fed is fading. As the 10-week stock market correction deepened, fears of slowing growth escalated and expectations for Fed rate hikes have fallen. While stocks weakened, investors jumped into bonds, sending yields lower and igniting worries about a looming recession. As of Monday, the odds were pretty low in the futures
Customer loyalty is one of the cornerstones for every successful business, which is why it is no surprise that many businesses offer club memberships, frequent customer rewards and many other loyalty program incentives to their customers. However, the massive multitude of clubs and programs can be frustrating for customers to navigate, as they try to
ErisX is beefing up its leadership ahead of the launch of cryptocurrency spot and futures trading early next year. Revealed exclusively to CoinDesk, the digital asset trading platform has hired markets and exchanges veteran Matt Trudeau as chief strategy officer. The news comes a week after ErisX closed a Series B funding round that raised $27.5 million from
Businessman under the big calculator photo credit: GettyGetty At the start of December, online estate agent Emoov made headlines for all the wrong reasons when it filed for voluntary administration. Only a few months before, it was being hailed as the darling of the London proptech scene, with a three-way tie-up with Tepilo and Urban, valued
Homeowners in most places are still seeing their nest eggs get a little bigger, but the gains are shrinking quickly. The average homeowner with a mortgage saw a gain of $12,400 in home equity between the third quarter of last year and this year, according to CoreLogic. That includes price appreciation and paying down the
Bitcoin (BTC) still has the potential to drop towards $3,000, despite a minor bounce from 15-month lows seen on Friday. On Friday, the leading cryptocurrency by market value picked up a bid at $3,210 – a level last seen in September 2017. The ensuing corrective bounce, however, seems to have run out of steam, as
U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China. Dow Jones Industrial Average futures dropped 177 points, implying a decline of 153.95 points at Monday’s open. S&P 500 and Nasdaq 100 futures also declined. The losses would add to a steep decline from last
The chart of the S&P 500 Index is flashing a warning of more selling ahead. A pattern, called the ‘death cross,’ appeared on the chart on Friday as stocks plunged. The S&P 500’s average price of the last 50 days, dropped below the 200-day moving average, a sign of negative momentum and possible change in
The US Government has just released an announcement that it is offering grants up to $800 thousand for the development of a blockchain-based anti-forgery solution. The US Department of Homeland Security is focusing its blockchain efforts on enhancing its capabilities of spotting fake documentation. US Department of Homeland Security and Blockchain The DHS, through its
The price of ether fell to 19-month lows just over $80 today and is now down 94% from its January peak. Ether’s dollar-denominated exchange rate (ETH/USD) slipped to $81.30 at 02:15 UTC – the lowest level since May 2, 2017 – according to CoinDesk’s Ethereum Price Index (EPI). As of writing, ETH is trading at
Could smart home technology create an avenue for advertisers to invent a new brand experience.Adobe Stock HIDE! It’s you versus the digital world. Many people are trying to secure themselves from the more and more pervasive risks of cyberattacks. The number of major organizations that have been breached in the last few months is growing;
When it comes to living the lifestyle they imagined, today’s retirees spend a lot of time worrying about how they will afford their golden years. To that end, a new report by GOBankingRates determined the neighborhoods where they could stretch their dollars the furthest, without sacrificing their quality of life. The personal finance website ranked
Russell Investments’ Doug Gordon is optimistic stocks will find a floor — just not until next year. Gordon, a senior portfolio manager on the firm’s technical asset allocation strategies team, blames uncertainty surrounding the U.S.-China trade war and Federal Reserve policy for the violent market swings. “The first and fundamental question: Is this a correction
After adding support for several new tokens over the past months, Coinbase has revealed more than 30 crypto assets it is considering for listing. However, the San-Francisco-based exchange is not adding the 31 tokens to its platform just yet, but rather, is “continuing to explore the addition” of the assets, according to a blog post published
The markets bottomed Thursday, with the Dow falling 700 points in the morning, right at the November lows. Then, it rallied back 600 points, a very positive bounce off deeply oversold conditions. But the buying interest still seems tentative. A number of factors contributed to the afternoon rally. The Atlanta Fed’s Ralph Bostic said “interest
Stocks could continue to take a beating and aim for a retest of lows, after one of the most brutal weeks for the market this year. The past week was one of the worst of 2018, with the Dow down 4.5 percent at 24,388, and the Nasdaq down nearly 5 percent, at 6,969. The S&P
The highly anticipated crypto-collectibles dApp, World of Ether (WoE), has officially launched its mainnet! World of Ether is LIVE!! Start exploring at https://t.co/gzqosL76JV pic.twitter.com/cxM9p7ZYyN — World of Ether (@WorldofEther) November 24, 2018 World of Ether World of Ether is a blockchain-based game that is centered around collecting, breeding, fighting, and selling monsters. The developers behind
The historic Hancock Park home was once owned by Friends sitcom co-creator Marta Kauffman.Linda Kasian Photography Being interviewed by Oprah will make anyone cry. But a 300-year-old oak tree? Yes, that happened too, at the home of O’s favorite interior designers. But don’t worry, they’re tears of joy. The renovated estate is listed for $13.8 million.Linda
For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can’t because of student debt. According to a recent study released by Apartment List, 6,400 millennial renters nationwide were surveyed in regards to their
Contrary to what some investors might believe, the U.S.-China trade dispute is not really about trade, CNBC’s Jim Cramer said Friday as stocks tumbled on rising tensions between the two countries and weaker-than-expected U.S. jobs data. “The trade war with China is not about trade,” Cramer said. “Sure, the Chinese government has all kinds of
The Winklevoss-owned Gemini crypto exchange is adding support for bitcoin cash (BCH), the firm announced Friday. Specifically, the New York-based startup is only supporting the fork of bitcoin cash based on the Bitcoin ABC roadmap, and not the alternative version, “Satoshi’s Vision” (SV). The difference arises after a controversial hard fork last month when the
J. P. Morgan’s Marko Kolanovic released his 2019 outlook this morning. He’s still overweight equities and underweight bonds, with projected earnings growth of 8 percent for the S&P 500 and a price target for the index of 3,100. He seems stumped about why there is such a disconnect between what he views as strong market
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