Macy’s weaker-than-expected holiday sales results seems to be more of a Macy’s problem than a retail industry problem, CNBC’s Jim Cramer said Tuesday. Shares of the old-line department store operator saw their worst trading day ever after Macy’s reported lower holiday sales for the end of 2018 and slashed its earnings outlook for the year.
Month: January 2019
Check out the companies making headlines before the bell: JPMorgan Chase – The bank reported quarterly profit of $1.98 per share, below the consensus estimate of $2.20, with revenue essentially in line. Consumer, community, and business banking results beat forecasts, but investment bank and wealth management results did not. UnitedHealth Group – The health insurer
Are stablecoins the future of crypto? Cameron and Tyler Winklevoss, Bitcoin bulls and Gemini Exchange founders, seem to think so. This morning, an interview was published by Fortune where the twins discussed their first marketing campaign for Gemini. Stablecoins and Gemini The famous twins feel digital currency has a bright future, but there need to be
Belarus-based blockchain startup Currency.com has launched a trading platform for tokenized securities. The firm announced Tuesday that the platform would allow investors to directly trade and invest in financial instruments using the cryptocurrencies bitcoin or ethereum, without first converting to fiat. The platform will initially host over 150 tokenized securities, tracking the underlying market price
We all know about the malware attacks on Iranian nuclear plants and Ukrainian power grids, but what if the next target was your ‘smart’ home, office, school or hospital? Researchers at enterprise security vendor ForeScout have warned that malware specifically targeting smart buildings is an inevitable next step given the rapidly expanding attack surface that
Chinese foreign direct investment into the U.S. plummeted for a second year in a row, according to new data. In 2018, Chinese FDI in the United States fell to just $4.8 billion — a massive decline from $29 billion in 2017 and $46 billion in 2016, according to independent researcher the Rhodium Group. The 2018
According to a Russian economist with ties to the Kremlin, the superpower is preparing a massive $10 billion USD investment in Bitcoin to replace its US dollar reserves. Russia’s Bitcoin investment is a step to minimize US sanctions on the country. Russia’s Bitcoin Investment Vladislav Ginko, an economist at the Russian Presidential Academy of National
That bitcoin (BTC) may be closing on a long-term bottom is generally accepted by now. After all, the leading cryptocurrency by market value has dropped by close to 70 percent over the last 13 months. The challenge now is to pick up early signs of a long-term bearish-to-bullish trend change, which may be possible with
The parent company of Calvin Klein and Tommy Hilfiger has “changed the narrative” for the retail sector, and its stock still has more upside, CNBC’s Jim Cramer said Monday after the major averages fell slightly on earnings worries. “PVH had a very rough time in the second half of 2018. Even though shares have rallied
Check out the companies making headlines before the bell: Goldcorp – Goldcorp will be acquired by Newmont Mining in a $10 billion deal. The price for the combination of the two gold producers represents about a 17 percent premium for Goldcorp shareholders. Lululemon – The athletic apparel maker raised its full-year earnings and revenue guidance
The 8th largest coin by market cap, TRON is running away with the gains today. According to coinmarketcap.com, TRX is up over 12% on the day, selling for just under $0.03 USD. The reason for its bull run is a somewhat tongue-in-cheek new hiring. The blockchain platform has hired a former US Securities and Exchange Commission
U.S. crypto exchange Bittrex is launching an over-the-counter (OTC) trading desk. The new service, which will allow approved clients to “quickly and conveniently trade assets,” will support nearly 200 cryptocurrencies already offered by the exchange, the company announced Monday. According to the exchange, the OTC desk will provide “guaranteed pricing” for major trades, “typically $250,000
Business dividends grow. Young businessman, shareholder standing at green and gold money tree, gathering company earnings and good corporate profit. Vector flat style cartoon illustrationGetty There’s intense market volatility. And then there’s real estate investment trusts (REITs) and dividend growth. Out of those possibilities, which do you think is making the most headlines? If you
Major Asian real estate developer CapitaLand said on Monday it has entered into an agreement to buy two wholly owned units from Ascendas-Singbridge, a subsidiary of Singapore state investment firm Temasek, in a cash and stock deal. If the deal is approved, the new entity would become Asia’s largest diversified real estate group, according to
After breaching key support on Sunday, emboldened bears could soon push bitcoin (BTC) prices back towards $3,100. The cryptocurrency closed yesterday (as per UTC) at $3,516, invalidating the bullish view put forward by the higher low of $3,566 carved out on Dec. 27. That move also added credence to the bearish reversal signaled by the
Ford Motor is gearing up to launch new electric cars as soon as next year, CEO Jim Hackett told CNBC on Sunday. Ford has previously announced its plans to invest $11 billion in electric vehicles by 2022 and produce 40 hybrid and fully electric cars, in a plan to revive its slowing business. However, the
After the market’s December meltdown, earnings season could turn up some winners among the rubble, analysts said. What fourth quarter results will do for the market’s rebound from December’s trough is tough to say, given other factors, like trade talks, Washington dysfunction and the UK’s upcoming Brexit vote. But analysts do see some potential for
At this point, there doesn’t need to be a reason for Bitcoin price to drop suddenly. The market is so volatile by nature it is almost pointless to look for why. So, in true fashion, yesterday’s sudden sell-off confirms just that. There was no major market news reported, and despite this, Bitcoin price dropped 10%
Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. With so much buzz around tokenized securities, compounded by strong progress from
In December 2018, Amazon made its long-awaited announcement of where its second headquarters location would be. Much to the competing cities’ surprise, the e-commerce giant chose to split “HQ2” between Long Island City, New York and Arlington, Virginia. Since the announcement, there’s been much speculation about the impact on the real estate and job markets
The U.S. housing market has become so cloudy that Lennar says it can’t give investors guidance for 2019. The second biggest homebuilder in the country by market value, second only to D.R. Horton, reported strong fourth-quarter earnings on Wednesday, but the company could only scratch its head when it comes to the future. “Due to
Call it the Apple turnover. Shares of the tech giant are down over 30 percent from its October high, shedding more than $400 billion in market capitalization from peak to trough. Apple‘s collapse comes amid growing fears over iPhone demand and trade tensions. Last week, the stock fell nearly 10 percent in a day, setting
Stocks are quickly closing in on an important level that some traders believe could make or break the market’s post-Christmas bullish run. The S&P 500 is poised to take aim at an extremely important level in the coming week. The 2,600 level has sucked in all sorts of market watchers — technicians and non-technicians alike
The highly anticipated Ethereum-based “stock” exchange, DX, launched this week! Despite the vast enthusiasm for the project, problems were immediately discovered regarding the company’s security. The launch on January 7th was only a soft launch, but traders aren’t pleased with the lack of security the platform has initially provided. Ethereum-Based DX.Exchange Flaws And we are finally
The price of ethereum classic (ETC) is pulling back as a result of a recently reported attack that resulted in a series of blockchain history rewrites. At press time, ETC is trading at an average price of $5.01 – down more than 7.5 percent in the past 24 hours, according to data from CoinMarketCap. ETC had fallen to
GettyGetty Retention is key to property owners. It’s simple mathematics: It costs a property owner more money and resources to acquire a new resident or tenant than it does to keep one for an extended period. The occupant must be viewed as a customer, one whose needs should be examined and satisfied to the best
Michael Thallheimer was looking forward to hosting Christmas Day at his new three-bedroom house in Rio Dell, California. Then the government shutdown hit on Dec. 22, putting his USDA loan on hold. The government’s mortgage program for low- and middle-income Americans in rural areas is currently not issuing any new funds in the meantime. Thallheimer
Part of the reason stocks have returned to normalcy after the market’s end-of-2018 carnage is a revival of the data center, CNBC’s Jim Cramer said Friday. After spending a week in San Francisco interviewing executives in the technology and health-care industries, Cramer, host of “Mad Money,” left the so-called Golden City with some key takeaways.
It’s Day 21 of the partial government shutdown. That ties the record for a standoff set in the 1995-96 budget battle between President Bill Clinton and House Speaker Newt Gingrich. We are now seeing a rash of analyst notes warning that this will soon start to affect different businesses. American Airlines shares fell Thursday because
Check out the companies making headlines after the bell: Netflix shares rose more than 1.5 percent after UBS upgraded the company to buy from neutral and raised its price target to $410. It said that after six months of under-performing, the investment bank thinks that the stock will rise as subscriber numbers grow. Activision Blizzard
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