––––––––––––––––––––––––––––––––– Cameras, flashlights, tweets – when Changpeng Zhao takes the stage these days, a kind of mania seems to ensue. Of course, that’s perhaps to be expected when you’re known to the world over by just two letters, but “CZ” has arguably achieved something greater in 2018 — a celebrity status that’s equaled by his
Month: January 2019
Share to facebook Share to twitter Share to linkedin The most expensive sale of 2018 for Greenwich, CT was this Georgian mansionSotheby’s International Realty A home that had originally come on the market for $35 million over two years ago sold at the tail end of 2018 for $17.5 million, making it the highest priced
Manhattan real-estate suffered its worst year since the housing crash of 2009, as tax changes, stock-market turmoil and jittery foreign buyers hurt sales in 2018. Home sales in Manhattan fell 14 percent last year, the industry’s steepest drop since 2009, according to a report from Manhattan real estate companies Douglas Elliman and Miller Samuel. In
Bitcoin (BTC) chalked up its longest monthly losing streak in seven years in December. The leading cryptocurrency by market value closed at $3,689 on Dec. 31, representing a 13 percent drop from the monthly opening price of $4,241. That was the fifth straight monthly loss – its worst period since November 2011 – according to
Apple slashed its revenue forecast on Wednesday amid trade tensions between the U.S. and China, but it’s not the first company to signal trade impacts. In a letter to investors, Apple CEO Tim Cook said the company saw lower-than-expected sales primarily in China. Cook told CNBC’s Josh Lipton that the trade dispute with the U.S.
Earnings 2019: Up, flat, or down? What happens to markets in 2019? It depends on your outlook on earnings. Fourth-quarter earnings have much less weight than usual, since everyone is concerned that the estimates for 2019 (currently 8 percent earnings growth) are too high and will be coming down. Seventeen companies have reported earnings for
Check out the companies making headlines before the bell: Amazon.com – Amazon is planning a significant expansion of its Whole Foods grocery stores, according to The Wall Street Journal. The paper said Amazon is scouting new locations in more suburbs, and in areas where Whole Foods is already growing in popularity. Deutsche Bank – Deutsche
––––––––––––––––––––––––––––––––– A former academic, Elizabeth Stark likes to play devil’s advocate. Take, for instance, her appearance at the Crypto Springs conference in October 2018. It’s a sunny morning in Palm Springs, California, and a handful of attendees are lounging by the pool; onstage, however, Stark is busy describing some of the darker potential scenarios for
The Compass smart sign in New York being utilized by brokers Mike & Marta.Compass Mike Davis and Marta Maletz make up the real estate team of Mike and Marta at Compass Real Estate in New York. Davis says that when he started in real estate fifteen years ago, print was the holy grail for selling New
Exhale. The nightmare of the 2018 cryptocurrency market is finally over. Of course, more downside is always possible, if not likely, but at least the year in which bitcoin prices dropped more than 80 percent and the broarder market lost nearly $700 billion of total capitalization is over. By now, you’re probably well aware the
Buy the S&P 500 at the close every day and sell it at the next open. Sounds wacky? You could have outperformed the market by 20 percent. According to Bespoke Investment Group, if one had implemented this so-called after hours strategy every day in 2018, it could’ve posted a 13.3 percent return. “This has really
Worried about a down year in 2019? It’s statistically unlikely. 2018 is ending on a downer, with the S&P 500 down six percent (down four percent when dividends are included) for its first real down year since 2008 (the S&P was down 0.7 percent in 2015 on a price basis, but on a total return
There’s a good chance that what ailed the market in 2018 could reverse sometime in 2019, providing strong tailwinds for stocks, some strategists said. After the worst December since 1931 and the worst year since the financial crisis, stocks enter 2019 tentatively but still susceptible to the volatility that resulted in historic intraday swings in
––––––––––––––––––––––––––––––––– As I walked from my car to Circle’s offices in Boston on a Friday afternoon in early November, the sun appeared to have already set, even though it would be up a while longer – past 4:00 p.m. The weather was gray, windy and cold – above freezing, but only because it was due
British music legend Jimmy Page, founder of the legendary rock band Led Zepplin. (Photo by Jörg Carstensen/picture alliance via Getty Images)Getty There are rock stars, and there are pop stars. Jimmy Page is a rock star. Robbie Williams, formerly of the boy band Take That, is a rather glitzier, and much less meaningful, pop star.
Everything was going right for the stock market until Oct. 3rd. Then everything went wrong. Up to that point, the Dow Jones Industrial Average had been up about 8 percent for the year — a solid gain if not quite as gaudy as the year before. More importantly, the fundamental backdrop was solid: The economy
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