Bitcoin (BTC) may break its three-year December winning streak unless prices convincingly cross key resistance at $4,410 in the next few days. The leading cryptocurrency by market value gained 14 percent, 30 percent and 40 percent in the last month of 2015, 2016 and 2017, respectively, according to CoinDesk’s Bitcoin Price Index. (BPI). The odds, however, are
Month: December 2018
Invesco’s Kristina Hooper is concerned Wall Street is ignoring a major risk: Wage growth. But it may reclaim the spotlight as soon as Friday when the government releases its November jobs report. Hooper believes if the number ticks up too high, it could hint at price pressures that may shift the Federal Reserve’s thinking on
Wall Street is convinced a ‘deal’ of sorts will be announced after President Donald Trump meets with Chinese President Xi Jinping Saturday night to discuss the trade war that is creating issues for both nations’ economies. But the potential outcome could be very different than the truce and ceasefire envisioned by many investors. A desirable
Cryptocurrencies made a strong comeback in the middle of the week, after posting 2018 lows a few days prior. Investors began dumping digital currencies after Bitcoin Cash miners decided to split the chain in two. After the hard fork, an all-out hash war began, and investors weren’t pleased. Investors began buying back digital currencies when
High home prices.Getty Royalty Free The entire housing industry seems to have coalesced around one major explanation for today’s high home prices—home prices are high because new home builders haven’t built enough new homes since the Great Recession. The argument continues that homebuilders haven’t built enough new homes because local governments and residents won’t let
Lemonade, a U.S. home and renters insurance start-up, is making Europe its first global expansion target. The New York-based firm uses artificial intelligence (AI) and chatbots to tailor insurance products for homeowners and tenants on its platform. In an announcement Thursday, the company said the move abroad will come “soon,” but did not specify what
DataTrek Research is out with a chart suggesting stocks will struggle this month — pouring cold water on the likelihood of a “Santa Claus” rally that traditionally boosts stocks in December. According to the firm’s co-founder Nicholas Colas, it comes down to a breakdown in earnings trends and investor sentiment. He said the earnings picture
Trade relations between China and the U.S. overshadow most everything as stocks enter the month of December, but in the week ahead the Fed and U.S. economy come back into play with important Fed testimony and the November employment report. Fed Chairman Jerome Powell, whokicked off a powerful rally with his comments Wednesday, appears before
Nobody gets away with fraud in the SEC’s eyes. The latest pair to be hit with SEC charges include pro-boxer Floyd Mayweather and music producer DJ Khaled. SEC Charges Mayweather and Khaled The Securities and Exchange Commission charged the pair with the improper promotion of initial coin offerings or ICOs for cryptocurrencies. Neither party revealed to
Tether Ltd., the controversial issuer of the tether stablecoin (USDT), which aims for parity with the U.S. dollar, announced Tuesday that it would reopen account verification for new customers and enable customers to redeem tether for fiat currency directly through its platform. “Tether is able to return to its original vision of having a wallet
Share to facebook Share to twitter Share to linkedin Joe Sumner, son of The Police frontman Sting, has listed his historic Venice homeCourtesy of David Anderson Joe Sumner, son of rock legend and The Police frontman Sting, has listed his 5,279 square-foot Venice, California, compound for a cool $2.9 million. Sumner — the lead singer
Brexit uncertainty is “unhelpful” for those seeking to buy a home and the U.K. Parliament needs to move forward with the country’s departure from the EU, the CEO of the U.K.’s largest housebuilder by volume told CNBC Thursday. The industry has struggled with the uncertainty surrounding the process of leaving the European Union, mostly when
Bitcoin just ended its worst-performing month in seven years in terms of month-over-month price declines. The world’s largest cryptocurrency began November at an average price across exchanges of $6,341, but as of 0:00 UTC on December 1 is trading at just $3,964, according to CoinDesk’s Bitcoin Price Index. As it stands, the near $2,400 drop in
Trade talks and the latest data on U.S. employment will color the week ahead for the stock market, CNBC’s Jim Cramer said Friday as stocks rallied on high hopes for a U.S.-China trade deal at the weekend’s G-20 summit. President Donald Trump is planning to meet with Chinese President Xi Jinping at the Buenos Aires,
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