Check out the companies making headlines after the bell: Shares of KB Home jumped 2 percent in extended trading Tuesday following the release of the homebuilder’s mixed first-quarter earnings. KB Home posted earnings per share of 31 cents on revenue of $811.5 million. Wall Street estimated earnings per share of 26 cents on $831.8 million,
Month: March 2019
Blockchain technology has many uses. Mostly synonymous with the financial sector and for crypto trading, it might surprise some to learn that the fashion industry has found a clever use for the technology. Dubbed the AURA blockchain, luxury brand conglomerate and owner of the Louis Vuitton fashion label, LVMH, has developed the LVMH blockchain. The
Japan’s top financial watchdog has granted a license to a cryptocurrency exchange being relaunched by e-commerce giant Rakuten. The country’s Financial Service Agency (FSA) announced the news Monday, stating that the new exchange, Rakuten Wallet, is now registered with the Kanto Local Financial Bureau as a virtual currency exchange service provider under the country’s Payment
Located across from the iconic Hotel Bel Air, the estate is among the most valuable real estate in the USA. The Park Bel Air The Park Bel Air is rarified air. Listed at $150 million, it better be. Perched high upon 10.6 contiguous acres, the cliffside property offers exceptional city, canyon and ocean vistas as
The United Nations’ housing advisor has accused one of the world’s largest corporate residential landlords, Blackstone Group, along with other private equity firms, of “wreaking havoc” in their tenants’ communities and “helping to fuel a global housing crisis,” according to The Guardian. Advisor Leilani Farha and co-author Surya Deva, chairperson of the U.N. Working Group
View Bitcoin fell below $3,920 yesterday, as expected, confirming a short-term bullish-to-bearish trend change. As a result, the crucial support of the 30-day moving average, currently at $3,883, could be breached in the next day or two. A break below the 30-day MA, if confirmed, would strengthen the case for a deeper drop toward the
CNBC’s Jim Cramer on Tuesday said investors should not panic about February’s “truly pathetic” housing starts number because the market is primed to bounce back. Single-family home construction declined 8.7 percent last month to a 1-1/2-year low, but housing forecasts are looking better as mortgage rates decrease. The housing market is not flashing recession signals,
The bond market doubled down on scary warnings Monday, signaling both a possible recession is looming and that the Fed could have to cut interest rates this year to stop it. “People are starting to get fearful,” said Andrew Brenner of National Alliance. “It won’t last for long, but they’re getting fearful about a recession.
Malta-based crypto exchange OKEx has announced plans for its own decentralized exchange or DEX on its own blockchain. The company made the announcement on Friday detailing the OKEx blockchain. OKEx Blockchain: OKChain According to a release on Medium, the company detailed how its operations team has been developing a blockchain called OKChain. The blockchain will be
The former CEO of Enron, Jeffrey Skilling, is reportedly looking to start a blockchain company just a month after being freed from jail for his role in the energy giant’s massive accounting scandal back in 2001. According to a Wall Street Journal article on Monday citing sources “familiar with the matter,” Skilling may be planning
Quay Tower, a luxury development in Brooklyn Heights, near the Brooklyn Bridge Park Pier 6 ferry stop. Douglas Elliman New Yorkers are being ferried around the city’s waterways more than ever, and luxury new developments are capitalizing on the trend. Once mostly associated with commuters who braved the cold winds of winter to travel back
Skiers in the western U.S. are enjoying one of the best seasons in years. But experts warn that years like this are quickly becoming the exception, not the rule. Snow sport seasons are getting shorter, due to warmer temperatures. That is already having a distinguishable financial impact on residential and resort properties that profit from
Bitcoin’s average daily trading range so far in March is its lowest in nearly two years when, at the time, the world’s largest cryptocurrency was worth roughly a quarter of what it is now. At the time of writing, bitcoin’s average 24-hour trading range so far this month, defined as the average difference between the
Darden Restaurants‘ “stellar quarter” of strong sales growth is one of the signs that the U.S. economy is far from a recession, CNBC’s Jim Cramer said Monday. Cramer praised CEO Gene Lee, saying he “has a terrific grasp of what’s going on in the restaurant industry” to bring more guests into its thousands of its
Check out the companies making headlines midday Thursday: Apple — Apple shares climbed over 3 percent in midday trading after Needham upgraded the stock to strong buy from buy ahead of a launch event on March 25. The technology giant is expected to introduce its video streaming service at the event, challenging market leaders such
Overstock’s security token platform tZERO is going full crypto. Until now, security tokens had been the startup’s priority, but this summer, tZERO plans to launch its own mobile trading app for buying and selling bitcoin and, possibly, ether, CEO Saum Noursalehi told CoinDesk Thursday. The app for IOS and Android devices is scheduled to launch
Chriselle Lim at home. Karla Ticas Chriselle Lim, who is the Korean-American founder of The Chriselle Factor is more than just a social media star or YouTuber. And perhaps the term “influencer” doesn’t cut it either. While she has over a million followers on Instagram (1.1 million to be exact), she has also excelled as
Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that temporarily skewed the data. Realtors pointed squarely to dropping mortgage rates and home prices for
Wall Street is scrambling to figure out what the conclusions of special counsel Robert Mueller‘s long-awaited investigation measn for the stock market. While many investment and equity strategists told CNBC that Attorney General William Barr’s letter about Mueller’s report relieves a persistent concern, few had expected a disastrous outcome for President Donald Trump. “No one
Check out the companies making headlines before the bell: Tiffany — Tiffany came in 7 cents a share above estimates, with quarterly profit of $1.67 per share. The luxury goods retailer’s revenue was short of forecasts, however, and Tiffany’s comparable sales fell 1 percent compared to analysts’ projections of a 0.8 percent increase. Hibbett Sports
Mt. Gox Legal, a group of around 1,000 creditors of collapsed crypto exchange Mt. Gox, has prepared a draft proposal representing its consensus on how the exchange’s remaining assets should be paid out, according to a document obtained by CoinDesk. Mt. Gox trustee, Nobuaki Kobayashi, released new details this week on the amounts of secured cryptocurrency (in bitcoin
Share to facebook Share to twitter Share to linkedin Despite divisive contemporary politics, American interest in and appreciation of Mexican culture is reaching new heights. Just last month Brooklyn Museum opened Frida Kahlo: Appearances Can Be Deceiving, the largest retrospective of the iconic artist in the United States, and director Alfonso Cuaron made cinema history
For years, China has toyed with the idea of a property tax, but at least one developer doesn’t think now’s the right time. Zhang Xin, chief executive of real estate developer Soho China, said on Saturday that the country’s economy is too “soft” for such a tax. “In today’s market, when the economy is so
Bitcoin’s user growth, as represented by active addresses, has spiked in the last eight weeks leaving the price far behind, a move that contradicts the popular belief the two tend to move in tandem. The 30 day average of active addresses on bitcoin’s blockchain, or the number of accounts that made cryptocurrency transactions at any
These days, being young and in love just isn’t enough. Megan McDonald, 23 and her boyfriend, Nick Palmiotto, 25, have been together for over three years but their marriage plans are on hold. “We like the idea of being married young and starting a family younger — both of our parents were done having kids
So much for the rally. On Thursday, the S&P 500 got within 2.4 percent of its historic high only to tumble on Friday. We got mugged by slower global growth again. Remember the bull narrative: The Fed and the central banks have our back, the tariffs are going to go away, the Chinese are going
Check out the companies making headlines midday Friday: Tiffany — Shares of Tiffany rose 3.41 percent after the jewelry retailer reported mixed fourth-quarter results. The retailer reported earnings of $1.67, 7 cents higher than expected, and revenues of $1.321 billion, missing estimates by $11 million. Tiffany also reported a 1 percent drop in worldwide sales,
Cryptocurrency received an endorsement from Chicago Mayor Rahm Emanuel when he stated that wide-scale crypto adoption is “inevitable” at a FinTech meeting in his city earlier this week. The chief of staff for former US President Barack Obama said that while he is no expert in crypto technology, he believes digital assets could help financially unstable countries with
Chicago-based cryptocurrency exchange Seed CX, which Bain Capital backed last year, is expanding to Asia. The institution-focused exchange announced Thursday that it has teamed up with Singapore-based trading infrastructure technology provider Hydra X for the effort. The partnership will allow Seed CX to integrate its platform with Hydra X’s trading platform Sigma, which is currently
The Kin technology will first roll out in the Jackson Park rental complex in Long Island City. Jackson Park Relief could be on the way for urban families struggling with the high cost of childcare. Kin, a residential brand formed through a new partnership between real estate developer Tishman Speyer and the co-living company Common,
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