Investors everywhere are watching the 2,800 level on the S&P 500 to see if the stock rally will fizzle there, or break through, signaling the potential for new highs. Stocks have been flat so far this week, with the S&P 500 mostly trading around 2,800, a technical level it has been challenged by four times
Month: February 2019
There have been Facebook coin rumors for months in the crypto community and today, the New York Times stirred them up again. According to the New York Times report, Facebook is currently working on its own digital currency to integrate into its messaging services. Facebook Coin Rumors A few months ago, Bloomberg released an article about
Global crypto exchange Bittrex led a $1.5 million seed round in South African trading platform VALR. Bittrex CEO Bill Shihara told CoinDesk the South African market has “tremendous untapped potential.” Fellow VALR investor Michael Jordaan of Montegray Capital told CoinDesk that VALR’s support for 50 cryptocurrencies will offer the most diverse range of assets of
Marc Andreessen first posited that software was eating the world, and indeed one industry after another has learned software mastery is essential to winning (and keeping) digital-centric consumers. But how will consumers react when money can also function like software? Cryptocurrency, when paired with other blockchain functionality, offers the potential to inject new software-driven features
Millennial homeowners have a bad case of buyer’s remorse, according to a new survey. Nearly two thirds, or 63 percent, of millennial homeowners surveyed by Bankrate.com said they had regrets about buying. That is more than any other age group, defined in the survey as people aged 23 to 38, and nearly double the regret
View Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two. The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub-$3,700 levels yesterday. This “buy the dip” mentality
If you’re on the prowl for a new job or a more fulfilling career, the health-care industry might have a position with your name on it. Of the top seven hardest-to-fill jobs, five are in health care, according to a recent report from jobs site CareerCast. The salaries for those medical-related jobs depends largely on
Federal Reserve Chairman Jerome Powell sidestepped a verbal hand grenade in his Congressional testimony on Tuesday. Sen. John Kennedy, R-LA, asked Powell where he stood on recent trial balloons to restrict the ability of corporations to buy back stock. Powell reflected for a moment and said that the allocation of capital has always been left
The Trump administration and the Federal Reserve together could spark a “shock and awe” rally in stocks that would take the S&P 500 to the 3,000 level, according to J.P. Morgan executive director. “The ‘shock and awe’ upside scenario involves rescinding all US-China tariffs instantly, causing certain tariff-sensitive firms to raise 2019 guidance, while the
JPMorgan Chase held their annual investor day yesterday. The company’s CEO, Jamie Dimon, was involved in a question-and-answer session and answered a few questions about the bank’s latest venture, the JPM Coin. The world’s first bank coin was originally meant for cross-border remittances, but it seems the bank may have other ideas for it down
A cryptocurrency project that appears to have raised at least $20 million through a referral-based marketing scheme has been advertising false information about its team members, a CoinDesk investigation has found. Launched on Dec. 2, BHB claims to offer an ethereum-based solution for peer-to-peer lending, but by Jan. 18, local media reports were already accusing the
Share to facebook Share to twitter Share to linkedin Neverland comes back to marketJim Bartsch The house with a storied past is ready for a new owner. Made famous by singer Michael Jackson, Neverland Ranch is on the market again with a new price and marketing angle. After not finding success with an asking price
The supply of homes for sale is finally rising, but fewer buyers are able to afford these homes. That could result in a much slower spring market. Spring is usually the high season for housing, but high home prices have been taking their toll for months. The numbers point to potential trouble ahead. The median
Apple co-founder Steve Wozniak has spoken out about Bitcoin in a revelation that many would consider bullish in sentiment. Wozniak, in an interview with Bloomberg, has said of the coin that “we’ve seen massive value creation.” He also puts most of the market volatility down to fear-mongering and psychology. Apple’s Steve Wozniak The co-founder of Apple
View Bitcoin appears on track to snap its six-month losing streak and close February in the green for the fifth consecutive year. BTC may remain better bid in March, as the weekly chart is signaling bearish exhaustion. The short-term outlook remains bullish, with BTC holding above $3,714 and a bounce from 10-candle MA on the
It’s been a monster rally for one beverage stock. Monster Beverage, which sells its eponymous energy drinks, has rocketed more than 68,000 percent higher over the past 20 years, crushing the 200 percent gain by PepsiCo and 40 percent increase by Coca-Cola. Boris Schlossberg, managing director of FX strategy at BK Asset Management, said those
Check out the companies making headlines midday Tuesday: Home Depot – Shares of Home Depot fell 2.5 percent after the home improvement retailer posted weaker-than-expected fourth-quarter results. Home Depot earned $2.09 per share during its fourth quarter, missing the $2.16 per share expectation. Revenue was below forecasts as well. Home Depot also said that the
It’s official, Coinbase Pro has officially added Ripple (XRP) to its platform—finally! The US-based cryptocurrency exchange announced the news via its blog and social media platforms yesterday. It seems that Coinbase is no longer waiting for the US Securities and Exchange Commission to make a decision on if XRP qualifies as an unregistered security or
Jennifer Robertson, widow of QuadrigaCX CEO Gerald Cotten, has asked a judge to put a restructuring specialist in charge at the failed crypto exchange, saying her management role has brought unwanted public attention. In an affidavit filed with the Supreme Court of Nova Scotia in Canada, Robertson asked for Peter Wedlake, a retired partner and
House building plan blueprint buy moneyGetty Two of the most important indicators of home appreciation came out this morning, and they both showed the same thing: home price increases are slowing rapidly. Economists are forecasting continued slowdowns in appreciation, according to polls by Reuters, Zillow and others. The S&P CoreLogic Case-Shiller U.S. National Home Price
Home buyers have a limit to what they can afford, and sellers are slowly having to adjust to that new reality. Home prices increased 4.7 percent annually in December, down from 5.1 percent in November, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. That is the slowest pace since August 2015. The
View Bitcoin’s defense of $3,700 is encouraging, but a positive follow-through is needed soon to invalidate a bear flag pattern that has developed on the hourly chart. A UTC close below $3,714 would validate Sunday’s bearish outside reversal candle and confirm a bullish-to-bearish trend change. The probability of BTC closing today below $3,714 would rise
Federal Reserve Chairman Jerome Powell said before the U.S. Senate Tuesday that conflicting federal and state laws on the sale of marijuana and other cannabis products put bank supervisors in a “very difficult place.” Asked by Sen. Robert Menendez, D-N.J., about the Fed’s thoughts on the cannabis space, the leader of the U.S. central bank
A trade agreement between the U.S. and China could result in a “sell the news” market reaction, if the deal comes up short or does not remove existing tariffs, traders said. President Donald Trump indefinitely dropped his threat to raise tariffs to 25 percent from 10 percent on $200 billion in Chinese goods, ahead of
It was looking so promising for Bitcoin price last week. The largest coin by market cap surged passed the $4,000 USD mark, only to crash back down on Sunday, February 24th. Bitcoin Price Drop Bitcoin dropped a huge $400 USD in just 30 minutes, declining 10% from $4,150 to roughly $3,805 in a short space
Crypto exchange Coinbase is launching support for XRP, the third-largest cryptocurrency by market capitalization. The exchange announced Monday it would be listing XRP on its professional trading platform, Coinbase Pro, in “transfer-only” mode, meaning customers can only deposit tokens to begin with. After a minimum of 12 hours, the company plans to activate other trading
Compass agent McKenzie Ryan curates her Instagram feed with photos of NYC neighborhoods and landmarks.Kimani Calliste When it comes to social media marketing for real estate, which is driven by images and personalities, Instagram has emerged a key platform. Here, a few New York City brokers with four- and five-digit followings share how they use
Mortgage application volume increased 3.6 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications to purchase a home increased 2 percent for the week — the first uptick in a month — a sign of optimism in the housing market. “After four consecutive declines, purchase applications increased
Bitfinex has announced that some of the bitcoin stolen in a major 2016 hack has been returned by the U.S. government. In a blog post published Monday, the exchange said that 27.66270285 BTC – worth just over $104,000 at time of writing – have been received from the U.S. government, and come as the result of
[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] Kevin O’Leary of O’Shares and Tim Seymour of Seymour Asset Management join host Bob Pisani to talk china’s big breakout, and the corner of the market generating big returns this
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