The markets got the two things they wanted most from the Fed: a reiteration that it would be “patient” raising rates and that, if necessary, it would make changes in unwinding its balance sheet. It seems to be signaling the balance sheet will be much larger than anticipated. Never mind the Fed did not change
Month: January 2019
Check out the companies making headlines before the bell: DowDupont – The chemical maker earned an adjusted 88 cents per share for the fourth quarter, a penny a share above estimates. Revenue was short of estimates, however, on lower demand for automotive and appliance-related products. General Electric – GE missed estimates by 5 centss a
Crypto lending firm Genesis Capital processed $1.1 billion in loans last year. This is according to the company’s recently released ‘Lending Snapshot’ for Q4 2018. Genesis Capital The figure shows the massive growth in processed loans as Bitcoin price fell over 44% in 2018. The first Digital Asset Lending Snapshot was released at the end of Q3
The operator of Germany’s second-largest stock exchange, Boerse Stuttgart Group, has launched a mobile app for cryptocurrency trading. After a year in development, the firm announced Thursday, the Bison app is now available on iOS 9+ and Android 4.4+ devices in Germany, and will allow users to trade in bitcoin (BTC), ethereum (ETH), litecoin (LTC) and
Okan Tower is among several new downtown Miami developments soaring skyward within a one-mile radius of the Virgin Trains USA high-speed train line terminusBehar Font & Partners With commuter and interurban train lines sprouting in large metros nationwide, observers are closely studying the lines’ impact on residential property development near stations. Of particular interest is
The housing pain persists in Southern California, as higher costs weigh heavily on potential buyers. Home sales in the region fell 20.3 percent year over year in December, according to CoreLogic. That is the lowest December sales pace since 2007. From November to December, sales of new and existing houses and condominiums in Los Angeles,
View The probability of bitcoin ending its four-year February winning streak in 2019 is high, as the primary trend is bearish for the first time in the last three years. Further, BTC’s failure to capitalize on a bullish pattern on the 3-day chart indicates bearish sentiment is still quite strong. BTC risks falling to December
Federal Reserve Chairman Jerome Powell made the right choice in leaving interest rates unchanged and preaching patience — and it shouldn’t be seen as him “caving” to Wall Street, says CNBC’s Jim Cramer. “Don’t listen to the Fed watchers who claim that Powell caved to the stock market or the president,” Cramer said Wednesday after
Check out the companies making headlines midday Wednesday: Apple — Shares of the iPhone maker rose more than 5 percent and were on track for their best day since Aug. 1. The jump comes after Apple reported better-than-expected earnings and revenue. Apple’s earnings report comes after the company had slashed its revenue guidance, citing weakness
The BitTorrent Token (BTT) sale on Binance took place yesterday. In under 15 minutes, $7.1 million was raised, selling 50 billion BTT token. Binance announced the conclusion of the sale via an official blog post on their website. BitTorrent Token (BTT) Sale The token sale ran in two different sessions: One for purchasing BTT with TRON
A new protocol aims to allow crypto users to maintain control of their private keys while trading on centralized exchanges. Arwen, a startup formerly known as Commonwealth Crypto, launched a testnet version of its namesake protocol Monday. CEO Sharon Goldberg described it as “a layer-two protocol specifically for trading.” In other words, trades will take
Share to facebook Share to twitter Share to linkedin The private rooftop deck is 1,580 square feet.Related California A full floor penthouse overlooking the Bay has come to market in The Avery building and if it were to sell for the ask of $41 million it would be the priciest condo on record for the
House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. The Realtors’ pending home sales index was also down a dramatic 9.8 percent compared with December 2017. This marks 12
View Bitcoin’s minor recovery rally from six-week lows could be extended further to levels above $3,500 as back-to-back long-tailed daily candles are indicating a lack of conviction among sellers, despite Monday’s high-volume range breakdown. A break above the downward sloping 10-day MA of $3,511 would expose the crucial resistance of $3,658 (the high of Saturday’s
Apple debuted earnings after the bell Tuesday with many analysts taking a “better than feared” approach and largely breathing a sigh of relief despite a revenue decline, lower profit and downbeat outlook. Analysts also mostly shrugged off that for the first time Apple was no longer including unit sales for iPhone, iPad, and Mac. Apple
Let’s be blunt. The earnings guidance has been lousy in the last 24 hours, yet the stock market is taking it all in stride. What’s up? This is the time of year when most companies roll out earnings guidance for the full year, and the overall trend has been the numbers moving lower. In the
If history is a guide, there’s a very good chance Apple’s earnings will be better than expected when it reports Tuesday afternoon, but the stock may not perform all that well. Bespoke studied three FANG-related stocks reporting earnings this week, and it found Facebook has the best track record, with a 96 percent earnings beat
Kik, a Canadian-based cryptocurrency social media startup, has warned the SEC that it would fight back against alleged securities infractions. As first reported by the Wall Street Journal, Kik is fighting back regarding its 2017 initial coin offering (ICO). Kik Fights Back During its ICO, the Canadian-based app company raised almost $100 million in ‘kin’
Troubled crypto exchange QuadrigaCX, whose customers have been unable to withdraw funds for months, has been inaccessible for several hours. The Canadian company, which has faced a prolonged banking fight and said its CEO and founder died last month, blamed a system upgrade for the Monday outage. It was not immediately clear when the exchange would
Though heirs coming out of the woodwork to lay claim to the family home might seem like something out of a novel, it does happen. When something like this occurs, the homeowner needs to be prepared to defend his or her claim on the home. That’s where title insurance comes into play. Below is an explanation of what
Home values increased 5.2 percent annually in November, down from 5.3 percent in October, according to the widely-watched S&P CoreLogic Case-Shiller National Home Price Index. The 10-city composite annual increase also fell to 4.3 percent, down from 4.7 percent in the previous month. The 20-city Composite saw a 4.7 percent annual gain, down from 5.0
View BTC risks falling below the long-term support of the 200-week MA at $3,298. A weekly close below that level could be followed by a slide back to September 2017 lows near $2,970. Another failure to push prices below the 200-week SMA support would weaken the bears. A bullish reversal, however, would be confirmed only
Chinese stocks, especially ones that are new to U.S. markets, may seem like appealing investments, but to CNBC’s Jim Cramer, most of them aren’t worth the risk. In 2018, 31 Chinese companies had initial public offerings on U.S. stock exchanges, up from 12 the year before. The 2018 deals raised about $8.5 billion in gross
Natural gas prices fell sharply Monday, as weather forecasts for February show more normal and even warmer-than-normal temperatures for parts of the U.S., following a brutal cold snap this week. Natural gas futures for February fell 7.2 percent to $2.95 per million British thermal units. “The forecast tuned a little milder for next week, and
US entrepreneur and crypto enthusiast John McAfee has fled the United States to conduct his 2020 presidential campaign. The McAfee 2020 Campaign is, as of this day, in exile. I am being charged with using Crypto Cuttencies in criminal acts against the U. S. Government. More videos coming shortly. Stay tuned. pic.twitter.com/C75zcbnKTD — John McAfee
A public sale of 59.8 billion BitTorrent Tokens (BTT), worth $7.2 million, sold out in a matter of minutes on Binance’s Launchpad earlier today, despite technical difficulties that frustrated some users. At 3:00 UTC, the token sale platform opened its doors to BTT investors through two separate sale sessions, one for those paying with the
Summer shoppingGetty The next big global generational shift welcomes digital natives into the marketplace. Demographers predict that sometime in 2019, members of Generation Z will outnumber Millennials. We’ve been discussing the impact of Millennials on retail for some time. But as the trailing generation of Gen Z consumers begins to turn 21, retailers are quickly
Investors can expect to see “decent” returns on home improvement stocks despite waning consumer sentiment in housing, analyst Alvaro Lacayo told CNBC on Thursday. “If you look at the average age of the U.S. housing stock you’re talking about 40 years plus,” the vice president of equity research at G.research said on “Power Lunch.” G.research
Bitcoin ended a two-week period of consolidation with a drop to six-week lows earlier today. The leading cryptocurrency by market value fell below $3,470 at 04:45 UTC, confirming a downside break of a triangle pattern. That range breakdown was followed by a quick slide to $3,357 – the lowest level since Dec. 17 – according
Stocks may be on the brink of another correction. Despite 2019’s strong start, the Economic Cycle Research Institute’s Lakshman Achuthan believes the market remains in a danger zone, because there’s evidence economic growth is still decelerating. “The elephant in the room remains the cyclical slowdown. And, as long as that slowdown is in play… the
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