ErisX, a digital assets trading platform, has recruited three top-level officers from major companies in the financial and tech industries. Announced today, Robert Thrash joined the company as chief operating officer from Barclays, where he spent more than 11 years in various leadership positions. Most recently, he was the global bank’s managing director of agency derivatives
Month: February 2019
A customer uses an automatic teller machine (ATM) at a SunTrust. Photographer: Eve Edelheit/Bloomberg© 2019 Bloomberg Finance LP A decade ago, the suburbs of Atlanta and real estate developments from North Carolina all the way down to Florida were considered by many to be the epicenter of the housing and commercial building bust. Ten years
More consumers now see the door to homeownership slowly squeaking open, but they still think it’s pretty pricey. The share of Americans who say it is a good time to buy a home increased four percentage points to 15 percent in January compared with December, according to a monthly survey from Fannie Mae. The share
View Bitcoin suffered its lowest UTC close in over seven weeks on Wednesday, reinforcing the bearish view put forward by the rejection at the 50-candle moving average (MA) on the 6-hour chart yesterday. The close at multi-week lows also dashed hopes of a falling wedge breakout. The cryptocurrency also created a bearish outside reversal candle
BB&T‘s purchase of SunTrust Banks is slated to create the sixth largest bank in the U.S. when it closes, squeezing in between U.S. Bancorp and PNC. Here are the biggest banks in the country by assets, which is how the banking industry is measured. The so-called “merger of equals” was valued at $66 billion, the
Rising costs and lower prices are beginning to eat into profit margins. Analysts and strategists are puzzling over an unusual development: 2019 earnings estimates are dropping fast — they are down to a measly 0.5 percent for the first quarter, but revenue estimates are barely changed at 5.6 percent. The likely explanation: a combination of
Tax law changes boosted corporate earnings in 2018, and now taxes could take away from profit growth in 2019. But according to Credit Suisse strategists, other factors are also at work that are driving the outlook for S&P 500 earnings lower this year, masking the fact that a large group of companies are still doing
According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed,
Opera now lets Android users buy ethereum’s ether (ETH) cryptocurrency directly from its browser-based wallet, it announced Wednesday. For the new service, Opera said it has partnered with regulated crypto brokerage Safello to provide the cash-to-crypto exchange. The feature allows payments with credit and debit cards, along with “trusted” payment networks including Swish in Sweden. At
Every home that agents sell has good and bad points in some balance. Clearly, it’s easier to sell the ones in which the good overwhelms the bad.© Christian Hillebrand – stock.adobe.com Beauty may be in the eye of the beholder, but not when it comes to real estate. Viewing a number of high-end properties in
As if tensions weren’t running high enough in Washington, D.C., Congress has another battle on its hands: renewing a package of breaks for the 2018 tax year. Say hello to the “tax extenders,” a series of temporary provisions in the code that have expired and must be reauthorized by elected officials retroactively each year in
View Bitcoin continues to chart bearish lower highs along the 50-candle moving average on the 6-hour chart. The immediate bias remains bearish while the cryptocurrency is held below that average line, currently at $3,450. Recent history shows bull failures at the 6-hour 50-candle moving average are often followed by a drop below the recent low.
Video game stocks are getting killed Wednesday after two of the top companies in the space reported quarterly earnings. Shares of EA were trading roughly 15 percent down ahead of the market open Wednesday, a day after the company cited “intense competition” in the space as contributing to a revenue miss for its fiscal third
Infrastructure names could be winners and pharmaceutical stocks losers in President Donald Trump’s State of the Union speech Tuesday night if he goes after two areas where Wall Street strategists expect there might be some bipartisan support. Trump may also tout defense spending, and he may mention progress on trade talks with China after meetings
Around $190 million in cryptocurrency has been lost and locked away somewhere online where no one can reach it. What’s to blame? Canada’s largest cryptocurrency exchange, QuadrigaCX. Back in December, the cryptocurrency exchange’s founder perished while in India. According to CoinDesk, a court filing states that the company does not have access to most of
Phil Potter, previously an executive at Bitfinex and Tether, and crypto finance firm XBTO are launching what they describe as a clearinghouse for stablecoins. Still in development, the platform – called Stablehouse.io – is aimed to addresses patchy liquidity, stability and accessibility that currently “prevent the stablecoin market from reaching critical mass,” according to an announcement. Stablehouse will
Gifts for your sweetheart.byrobynblair Valentine’s Day is all about expressing love. But giving a standard gift like candy or roses shows little thought. So, this year, say it with decor. A beautiful item for the home will be appreciated for years to come. From decorative objects to art, well-designed small appliances, luxurious bedding, and more, here are
Home prices rose 4.7 percent in December, according to CoreLogic. That is the smallest annual gain since August 2012. Prices are still rising because of the shortage of homes for sale, especially on the lower end of the market. But rising mortgage rates took their toll on affordability last year, causing sales to slow. Prices
View Bitcoin’s daily price range has dropped to levels last seen in the weeks leading up to the sell-off witnessed mid-November. The latest bout of consolidation, however, looks more likely to end with a move to the higher side, as the cryptocurrency has created a falling wedge on the daily chart. Further, signs of bearish
Hungry for credit card rewards? You might want to make a reservation. More banks are offering rewards for dining out than ever before, said Julian Mark Kheel, senior analyst at The Points Guy. “The competition to reward credit card users with bonuses at restaurants has become fierce in recent years,” he said. The trend was
Now that the IPO market has reopened, traders are hopeful that an enormous pile of new stock offerings can be pushed through the door in 2019. IPO observers are optimistic, and with some justification: There is an outside chance 2019 could be an all-time record for initial public offerings, passing even the legendary 1999 and
Check out the companies making headlines midday Monday: Papa John’s — Shares of the embattled pizza maker rose more than 12 percent after the company announced Starboard Value has taken a $200 million stake in the company. Starboard CEO Jeffrey Smith was also named the new Papa John’s chairman. Maxwell Technologies — Tesla announced it
Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than in 2017. No wonder institutional investors don’t want to put big money into
Malta-based cryptocurrency exchange Binance has an ambitious mandate for its 400 employees in 2019: leverage industry partnerships to diversify the brand beyond its primary trading platform. Trust Wallet, which Binance acquired last summer, recently joined the Foundation for Interwallet Operability (FIO), CoinDesk has learned. The coalition includes the exchange ShapeShift, and wallet startups BRD and
Share to facebook Share to twitter Share to linkedin The Malibu beach house belonging to Brady Bunch co-star, Barry Williams, has hit the market for $6.375 million.Courtesy of The Agency The Malibu beach house belonging to Brady Bunch co-star, Barry Williams, has hit the market for $6.375 million. Located on the beach in private, guard-gated
Homeowners today are sitting on a record amount of equity, thanks to the recent run-up in home prices, but a lot of them can’t access that cash. They don’t have the credit scores to qualify for a home equity loan or a cash-out refinance. Enter EasyKnock, a barely 2-year-old company that will give you cash
View Bitcoin has charted a falling wedge pattern on the daily chart. A break above $3,450 would confirm a wedge breakout and expose key resistance lined up at $3,658 (the high of the gravestone doji candle created on Jan. 26). A violation there would expose the psychological resistance of $4,000. The prospects of a falling
General Electric just had its best month ever. Shares rose just over 34 percent in January — the largest monthly gain in the company’s 127-year history. January’s jump was in large part due to the company’s fourth-quarter revenue beat, boosted by strong performance from the aviation business. But January’s performance notwithstanding, it hasn’t exactly been
January’s super strong jobs report and a solid manufacturing survey on Friday showed that recession worries may be overblown and slowdown fears are not impacting corporate hiring or dampening manufacturers’ sentiment. The economy added a surprising 304,000 new jobs in January, well above the 165,000 expected by economists. Wages grew by an annual 3.2 percent,
Computer giant IBM has successfully completed another blockchain trial with the help of 28 tons of mandarin oranges. The tech behemoth tracked a shipment of mandarins from China to Singapore and used the innovative technology to do so. IBM Blockchain Trial The trial consisted of 28 tons of mandarin oranges (which equates to 3,000 cartons), delivered