The average rate on the 30-year fixed mortgage is falling again today, as investors rush into the bond market. Mortgage rates loosely follow the yield on the 10-year Treasury. The average lender is offering a rate between 4.125 and 4.25 percent, with more aggressive lenders going to 3.875 percent for borrowers with pristine applications, according
Month: March 2019
View Bitcoin failed to capitalize on a bull breakout above $4,040 yesterday, but the short-term outlook remains bullish as the higher-lows pattern is still intact. A convincing break above the three-day chart resistance of $4,040 still looks likely and could be followed by a rally toward the recent high of $4,190. The immediate outlook would
An inverted yield curve is not an automatic signal that a recession around the corner and investors should be aware that there are bargains on the market, even if the economy is slowing down, CNBC’s Jim Cramer said Friday. Three-month Treasury yields surpassed 10-year Treasury notes Friday and the major U.S. indexes stumbled as the
After months of waiting, the 2019 IPO pipeline will finally open on Thursday with Levi Strauss. It is a perfect moment for the long-stalled IPO market. Investors are salivating at the ocean of well-known names seeking to go public: The IPO market has continued to rebound since February, and the Renaissance Capital IPO ETF (IPO)
Check out the companies making headlines after the bell: Shares of Nike dropped more than 3 percent in extending trading Thursday following the release of the retailers better-than-expected third-quarter earnings results. Nike posted earnings per share of 68 cents, beating estimates of 65 cents, according to Refinitiv. Revenue came in-line with Wall Street’s expectations at
Coinbase has released two large announcements regarding features on some of its platforms in the last 24 hours. The San Fransico-based cryptocurrency exchange made a large upgrade to its Coinbase wallet, and it also announced that Coinbase Custody is directly integrated with its OTC trading desk. The new Coinbase upgrades should have crypto enthusiasts thrilled.
Following in the footsteps of the world’s largest exchange cryptocurrency, Binance Coin (BNB), another exchange coin, Huobi Token (HT), is flashing a more than 100 percent price increase in 2019. Used as an alternative to trading fees on their respective exchanges, exchange cryptocurrencies are also commonly paired with other cryptocurrencies to form new markets and
Filipinos are beginning to see the ugly side of the Chinese investments: a large influx of Chinese workers, rising property values, and fears that Philippines could turn into another Sri Lanka. That’s according to several stories that circulated the Asian media since President Duterte opened up the Philippines economy to China. These stories come at
Mortgage rates fell quickly after the Fed’s announcement Wednesday that it would be getting back into the bond-buying business, big time – which could take rates even lower. The average rate on the popular 30-year fixed, which had been sitting for days at 4.40 percent, fell sharply to 4.34 percent, according to Mortgage News Daily.
Twitter and Square founder Jack Dorsey has always been bullish in his Bitcoin views. So it’s no surprise that his payments startup Square is now offering new employees the chance to be paid in Bitcoin. According to tweets from the CEO, the company is on the hunt for skilled labor to add to the team.
View Bitcoin’s drop from a record high of $20,000 clocked in December 2017 has ended up creating a falling channel similar to the one created in the 18 months leading up to the long-term bullish reversal seen in October 2015. If the same sequence of events unfolds, BTC could see a channel breakout later this
Investors need not worry that the Federal Reserve induced a market “sea change” by calling off interest rate increases this year and adjust their game plan to make money, CNBC’s Jim Cramer said Thursday. The major averages all rose higher during the session on the agency’s monetary policy reversal, he said. “This is a dramatic
CEOs are again warning about slower global growth, particularly in Europe and China, and the question is whether this means the stock market is headed for another December-like tumble. Not so fast. Earnings may not be as bad as many fear. Sure, it seems bad now that executives from several big companies — Federal Express,
Check out the companies making headlines after the bell: Shares of Micron rose slightly in extended trading Wednesday following the release of the company’s better-than-expected second-quarter earnings. Beating on the top and bottom line, the chipmaker reported earnings per share of $1.71 on revenue of $5.84 billion. Wall Street had estimated earnings per share of
Security token platform, Polymath, has reportedly partnered with digital securities fundraising platform, seriesOne, to give customers “end-to-end” solution for security token issuance. Polymath and SeriesOne Partnership The news was first announced by seriesOne yesterday via a press release. The company said the new product will allow issuers to create and manage security tokens that are
Cryptopia, the cryptocurrency exchange hit by a major hack in mid-January, has just announced that it’s restarted trading services. The New Zealand-based exchange posted a notice on Twitter Wednesday, saying: “We have resumed trading on 40 trade pairs that we have quantified as secure. We will continue to expand this list as we clear more
Does this suit have merit? Is the consumer actully injured by this practice?Sebastian Pichler for Unsplash Last week, a lawsuit was filed by nationally-known class action attorneys Hagens Berman (representing plaintiff Christopher Moehrl of Minnesota) against the National Association of Realtors and the Big Four of the American real estate brokerage scene: Realogy, Home Services
Hong Kong will spend around $80 billion to build one of the world’s biggest artificial islands. Secretary for Development Michael Wong said in a speech Tuesday that around 1,000 hectares of land would be constructed to deal with Hong Kong’s “serious shortage of land supply.” The project’s total cost will be around 624 billion Hong
View Bitcoin could rise to recent highs near $4,200 in the short-term if prices validate the bullish outside reversal or “engulfing” candle created in the three days to March 16 with a convincing break above $4,040 (high of the engulfing candle). Any spike to $4,200, however, would likely be short-lived as long as the 21-week
On Friday March 15, the S&P 500 completed its quarterly rebalancing for the first time in 2019. A little reminder: the S&P 500 is a market-cap weighted index and rebalances four times each year. Each time, index funds and ETFs that track it have to adjust to follow suit. Over the past decade, the best-performing
You have to hand it to the global fund managers. They’re a great bunch to play against. Every month, Bank of America Merrill Lynch conducts a survey of roughly 200 global fund managers. What the trading community wants to know is how long or short they are certain key segments of the market? Why? Because
Check out the companies making headlines after the bell: Shares of FedEx fell more than 5 percent in extended trading Tuesday following the release of the logistic company’s disappointing third-quarter earnings and weak full year outlook. FedEx posted earnings per share of $3.03 on revenue of $17.01 billion. Wall Street estimated earnings per share of
CFD could be a very foreign word for a crypto trader, but for traditional market traders, it is one of the most useful assets to trade with on different markets. CFD is an abbreviation for Contracts for Difference, which are basically assets that help you “buy a price” and not the asset itself. It may
View Bitcoin created a doji candle yesterday, signaling buyer exhaustion near the crucial 21-week moving average (MA) resistance at $4,073. As a result, a price pullback could be in the offing in the next 24 hours. A break below $3,930 (flag support on 4-hour chart) would further strengthen the case for a pullback and expose
This prime 18-acre land parcel hits the market for $30 million.Jun Tang In the shadow of the iconic Hollywood sign, a new 18.2-acre parcel of undeveloped land hits the market for $30 million. Or in Hollywood movie lingo—it costs as much as Iron Man Robert Downey Jr.’s salary (points aside) for the upcoming film, Avengers:
The nation’s homebuilders are feeling positive about their business, but not as much as they did a year ago. A monthly sentiment measure held steady at 62 from February to March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index stood at 70 in March 2018. Anything above 50 is
Bitcoin’s dominance rate, or its share of the total cryptocurrency market, is on the verge of falling below 50 percent for the first time in over seven months. At press time, the world’s largest cryptocurrency accounts for 50.9 percent of the total capitalization of the entire market and fell as low as 50.54 on March
Shares of Altria dropped 2.5 percent in a sudden move after Food and Drug Administration Commissioner Scott Gottlieb said a meeting last week with the company and its e-cigarette investment Juul was “difficult.” Gottlieb said he did not come away with any evidence that public health concerns drove Altria’s decision to invest in Juul, and
Check out the companies making headlines after the bell: Shares of Tilray were up more than 2 percent in extended trading Monday following the release of the Canadian cannabis company’s fourth-quarter earnings. Tilray reported a loss of 33 cents on revenue of $15.5 million. Wall Street estimated revenue of $14.1 million. Brendan Kennedy, President and
There are several ways to make money in the cryptocurrency market, and you have probably read about some of them. We have covered a few techniques on this platform too. In this post, however, I’ll explain some common trading methods you can begin using right away and give you a few tips for engaging safely
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