Check out the companies making headlines before the bell: AutoNation – The car retailer reported adjusted quarterly profit of $1.10 per share, 4 cents a share shy of estimates. Revenue also came in below analysts’ forecasts. Separately, the company announced that CEO Mike Jackson will step down March 11 and become executive chairman. He’ll be
Month: February 2019
ERA Timepieces (www.eratimepieces.com) is a new luxury watch company that has taken haute horlogerie complications and made them accessible to the common man. And with various forms of cryptocurrency now spreading globally, Michael and his team have begun accepting forms of it as payment, making his company the first ever to receive two different types
Cryptocurrencies are “no substitute for gold,” according to the World Gold Council (WGC). The WGC, a market development organization for the gold industry, published the report late last month, arguing that gold is “very different” from cryptocurrencies. It’s less volatile, has a more liquid market and trades in a regulatory environment, among other factors, it
ArtSugar founder Alix Greenberg is making walls sweeter.Jenna Burke Choosing art to decorate your home is never an easy task because the market is simply inundated. On one end, there’s the generic, mass-produced trend of “Live, Laugh, Love,” statement pieces sold at discount big box stores. On the other end, there’s fine art. The challenge
U.S. home sales fell in January to their lowest level in more than three years and house prices rose only modestly, suggesting a further loss of momentum in the housing market. The National Association of Realtors said on Thursday existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units
Bitcoin’s price climbed back above $4,000 on Saturday for the first time over over two months as the broader cryptocurrency market flashed green. At 18:00 UTC on Saturday, the world’s largest cryptocurrency by market capitalization surpassed the $4,000 mark to ultimately reach $4,146 – its highest price since Dec. 24 of last year, according to pricing data from CoinDesk. Bitcoin’s
“Roma” is a heavy favorite to win best picture at Sunday’s Academy Awards. It would be the first time a streaming platform, Netflix, earns a best picture win. It’s almost certainly not going to be the last. A “Roma” victory on Sunday will further legitimize Netflix, and streaming platforms in general, as venues for the
Check out the companies making headlines midday Friday: Kraft Heinz — Shares of Kraft Heinz plummeted 27 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The company also disclosed a Securities and Exchange Commission subpoena as part of a probe into its accounting policies and cut
OKEx has just listed Ripple (XRP) and Bitcoin Cash (BCH) on its customer-to-customer platform, according to a report released this morning by Cointelegraph. The customer-to-customer platform is the cryptocurrency exchange’s newest venture. At the time of writing, OKEx is the top cryptocurrency exchange by its 24-hour trade volume. OKEx Adds Ripple (XRP) and Bitcoin Cash (BCH)
For the first time since August, there are now multiple bitcoin exchange-traded fund (ETF) proposals sitting before the U.S. Securities and Exchange Commission (SEC). The VanEck/SolidX proposal filed with Cboe BZX Exchange has now appeared in Wednesday’s edition of the Federal Register, officially kicking off the 45-day clock to an initial decision. It joins another bitcoin ETF
San Francisco housing markets offer new buyer opportunitiesGetty Buyers should revisit the housing markets in Los Angeles and San Francisco for new buying opportunities according to Selma Hepp, chief economist at the San Francisco office of Compass, the national luxury brokerage firm. “The story is there are real opportunities out there for buyers now. There
Lower mortgage rates should have given home sales a boost in January, but they did not. Sales of existing homes fell 1.2 percent to their lowest level in more than three years compared with December and were a wider 8.5 percent lower annually, according to the National Association of Realtors. That could be good news
The U.S. Securities and Exchange Commission (SEC) may make an initial decision on not one, but two different bitcoin exchange-traded fund (ETFs) proposals by April 5. A bitcoin ETF proposal submitted (for a second time) by VanEck, SolidX and the Cboe BZX Exchange is expected to be formally published in the Federal Register Wednesday, kicking off
As Social Security’s funding problems loom ever closer on the horizon, the program has emerged as a pet project on many lawmakers’ fix-it list. Now in control of the House, Democrats have thrown their weight behind a measure that would extend and expand the program — largely by asking high earners to pony up, along
We are still in the longest bull market on record, yet the entire trading community seems convinced the bull market is about to roll over. If analyst estimates are trustworthy, we are on the verge of an earnings recession, that is, two consecutive quarters where earnings growth goes negative compared to the same period the
The coming week could be one of the most pivotal for the White House and the markets, depending on how President Donald Trump chooses to proceed with China trade tariffs and what is in a possible report from Special Counsel Robert Mueller on the president’s campaign. Trade talks have been making apparent progress between U.S.
When QuadrigaCX’s founder Gerald Cotten died last month, he took the private keys to Quadriga’s cold storage wallets with him. The founder and CEO died from Crohn’s disease in December 2018. He was the only individual to know the private keys that could access $136 million USD in cryptocurrencies stored offline. QuadrigaCX Creditor Protection After
QuadrigaCX’s online wallets for bitcoin and ethereum have nearly been emptied and the funds sent to the failed cryptocurrency exchange’s court-appointed monitor, Ernst & Young (EY). On Feb. 14, 52 bitcoin (BTC) and 960 ether (ETH) were sent to freshly created blockchain addresses from addresses identified earlier as belonging to the Canadian exchange. The amounts matched
An interior rendering of 70 Charlton St.Gieves Anderson It might be hard to imagine, but Park Avenue wasn’t always one of the most popular places to live in the world. It was once simply called Fourth Avenue, and was just another passage to move up and down the island of Manhattan. After Grand Central Terminal was
If anyone can pull off Zillow‘s plan to start buying and selling homes, returning CEO Rich Barton is the one to get the job done, said RBC Capital Markets’ internet analyst Mark Mahaney. Mahaney told CNBC on Friday that Barton, who co-founded the online real estate marketplace in 2005 and led it until 2010, has
View Bitcoin’s low-volume price consolidation has taken the shape of a bull flag on the 4-hour chart. A break above $3,930 would confirm a flag breakout and open the doors to $4,330 (target as per the measured move method). The flag breakout looks likely, as the longer duration charts are biased bullish: Monday’s high-volume triangle
The natural gas market is emerging from winter relatively unscathed despite potentially disruptive Chinese tariffs on U.S. gas. But the ongoing trade dispute is still putting a chill on cooperation between the two energy powerhouses and threatens to sideline billions in investment. Chinese tariffs on U.S. natural gas have halted Beijing’s purchases of U.S. LNG,
The Atlanta Fed’s closely watched GDPNow model sees GDP growth for the fourth quarter at 1.4 percent. The forecast had been 1.5 percent but was ratcheted down after Thursday’s December durable goods report showed a decline in capital expenditures. The Atlanta Fed said its nowcast of fourth-quarter real nonresidential equipment investment growth declined to 3.9
Less than 24 hours ago, Samsung Mobile announced the release of its next-generation Galaxy smartphone. The new Samsung Galaxy S10 is beautifully designed, and it includes a new feature that many crypto enthusiasts might appreciate. Meet the Next Generation Galaxy. #GalaxyS10Learn more: https://t.co/UstjA79jjF pic.twitter.com/hXOOfafTH1 — Samsung Mobile (@SamsungMobile) February 20, 2019 Enter Your E-mail Address
A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token. In an announcement Thursday, Banco BTG Pactual said it will back its blockchain-based token with distressed Brazilian real estate assets, with the expectation of raising up to $15 million. It will also establish a secondary market following the sale in
Can a house as exuberantly Victorian as this be Kondo-ized? The answer might surprise you.William Wright Does a Victorian house lend itself to the precepts of Marie Kondo? In other words, is there a place where a house style known for its exuberance can be in harmony with a style guru who leans towards minimalism?
William Rudin, head of his family’s New York City property development empire, told CNBC on Thursday that the political pressure that led Amazon to withdraw its plans to build a Queens headquarters was borne out of a lack of understanding of the benefits. “Unfortunately, that message didn’t get out in the way it should have,”
View Bitcoin’s three-day chart is showing a bullish crossover of the 5- and 10-day exponential moving averages for the first time since July. The crossover looks decisive as both EMAs are now trending north, validating the bearish-to-bullish trend change signaled by the high-volume triangle breakout seen on the 3-day chart. The cryptocurrency could test December
Tesla shares fell after a new report, based in part on the reviews of thousands of vehicle owners, raises questions about the reliability of Tesla’s Model 3. Consumer Reports says it will no longer recommend the Model 3 due to the reliability issues. “When we look at the Model 3 lot of the issues are
Palladium is outshining other metals due to tight supply and strong demand from the global auto industry, which needs increasing amounts of the metal to meet stricter emissions standards. The metals market, in general, has gotten a boost of bullishness on hopes for a trade deal and expectations that China’s economic stimulus is going to
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