When he’s not managing scandals at his alma mater, Rick Caruso manages his portfolio of Southern California real estate, which includes LA’s popular Grove shopping center. © 2018 Ethan Pines Billionaire real estate developer Rick Caruso finds himself in an uncomfortable position this week. The University of Southern California, where Caruso is chair of the
Month: March 2019
Builders claim they’re feeling better about their business, but the sales numbers are still not reflecting that. So all eyes are on the spring market, which could determine the fate of both the stocks and the earnings of the biggest builders. Sales of newly built homes fell sharply in January, down nearly 7 percent month
View Bitcoin is lacking clear directional bias for a ninth straight day. The price consolidation has neutralized the bullish view put forward by a long-tailed doji candle created on Feb. 27. As a result, a fall back to levels below $3,700 cannot be ruled out. A UTC close above the March 9 high of $3,950
Rep. Maxine Waters, the California Democrat who runs the powerful House Financial Services committee, called for the removal of Wells Fargo CEO Tim Sloan after news that he received a $2 million bonus as part of his 2018 pay package. The San Francisco-based bank disclosed Sloan’s compensation late Wednesday, revealing that the executive got a
Will Boeing ruin the breakout rally? This is an important moment for the markets. We are finally breaching the 2,800 level in the S&P 500 and have a shot at getting over 2,820. This is where five rallies have failed in the last six months, including ones in October, November, early December, late February and
Check out the companies making headlines after the bell: Shares of database company MongoDB surged more than 17 percent after market close Wednesday based on better-than-expected fourth-quarter earnings. Beating on the top and bottom lines, the company reported an a loss of 17 cents per share, beating Refinitiv estimates by 21 cents. MongoDB earned $85.5
Twitter founder Jack Dorsey has earned himself the title of ‘Bitcoin Evangelist’—such is his advocation for digital assets. His support of Bitcoin has been consistent and unwavering. Dorsey, as a successful businessman, is hard to ignore. His support for the leading cryptocurrency spurs on Bitcoin bulls and those who love a strong voice supporting their views.
The Stellar lumen has just become the latest cryptocurrency to be listed on Coinbase’s professional exchange. Coinbase Pro announced Wednesday that it was accepting deposits of XLM, with trading support coming once sufficient liquidity is established. The process will take a minimum of 12 hours, according to a blog post. The cryptocurrency is not yet
Gallup Park in Ann Arbor, Michigan, a recipient of LWCF state assistance fundsGetty The Land and Water Conservation Fund is back, reauthorized within the omnibus public lands legislation known as the John D. Dingell Jr. Conservation, Management and Recreation Act, and signed into law by President Trump on March 12. The LWCF had expired over
Mortgage interest rates are now decidedly lower than a year ago, and home shoppers are buying in, but most are wealthier consumers purchasing more expensive homes. Total mortgage application volume rose 2.3 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was essentially flat compared with the
View Bitcoin is trapped in a trading range defined by the 200-week simple moving average and the 200- week exponential moving average, currently at $3,404 and $4,106, respectively. Therefore, the outlook as per the weekly chart is neutral. A weekly close (Sunday, UTC) above $4,106 would confirm a longer-term bearish-to-bullish trend change and could fuel
Sterling rose on Wednesday after U.K. lawmakers rejected leaving the European Union without a withdrawal agreement. The pound was up 2.1 percent against the dollar at $1.3348 as investors become more optimistic that a hard Brexit would be ruled out. That’s the biggest move since April 2017. “Our base view, and the currency is telling
Check out the companies making headlines after the bell: Switch shares surged as much as 8 percent after hours Tuesday after the telecommunications company reported mixed fourth-quarter earnings. The company earned $103 million in revenue, missing estimated of $104 million, according to Refinitiv. Earnings per share were 5 cents, beating expectations by 2 cents. The
The cryptocurrency market is making a comeback this week, after closing out last week in the red. Crypto news was pretty slow last week, but it has picked up a bit today. This morning, CoinCenter released news that the SEC Chairman confirmed that ETH is not ruled as a security by the regulator. In addition to
Cryptocurrency exchange Binance’s official wallet, Trust Wallet, now lets users buy cryptos with credit cards. The new payment option is being offered in partnership with Israel-based payments processor Simplex, according to an announcement from Binance on Tuesday. At the same time, the exchange said, Trust Wallet is adding support for XRP, the third largest cryptocurrency
Share to facebook Share to twitter Share to linkedin There’s nothing worse than investing your time and energy into a deal only to watch it all go up in flames. It’s especially frustrating when you know you could have gotten the deal closed if only someone would have been flexible, even a tiny bit. Instead
21 Mins Ago A plan to tax the rich on multi-million dollar second homes is gaining traction in New York City in order to raise funds for the MTA transit system. State Senator Brad Hoylman (D), who introduced the bill, joins “Squawk Box” to discuss the legislature’s interest in the law.
View Bitcoin’s 50-day moving price average could soon move above the 100-day moving average, confirming its first bullish crossover in seven months. While the bullish crossover is a lagging indicator, the current slope of the MAs is signaling bearish exhaustion. So, bitcoin could rise toward $4,236 (Dec. 24 high) in the near future, as suggested
Chips stocks are ripping higher this year. The SMH semiconductor ETF has added 19 percent in 2019, exiting a correction after a steep decline in the fourth quarter. Todd Gordon, founder of TradingAnalysis.com, sees more gains for the group to come. “The SMH has broken above the October, November, December levels just at about $96,
Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings
The largest stock exchange in Switzerland, the SIX stock exchange, is planning on launching an XRP crypto exchange-traded product (ETP). Amun AG was the first crypto startup to launch ETPs on SIX. Hany Rashwan, CEO of Amun AG, told CoinDesk that this new product will have the ticker AXRP. SIX Stock Exchange Adds XRP ETP
Ethereum mining pool Sparkpool has located and verified the accidental sender of an unusually high miners’ fee and agreed to split the amount. In a statement provided to CoinDesk, Sparkpool said it received an email from an anonymous user on Feb. 25, claiming that they had made a mistake by attaching the 2,100 ether (ETH) fee
For decades now, Silicon Valley has been considered the center of the tech world when it comes to innovation.Propy Major brands including Uber, Lyft, Slack, Pinterest, and Airbnb are predicted to IPO this year which could result in new wealth, not only for cities where these companies are headquartered but surrounding cities as well. The
View Bitcoin has established a higher low near $3,300 in the last two months, signaling bearish exhaustion. However, a break above the Christmas Day lower high of $4,236 is needed to confirm a bearish to bullish trend change. Bitcoin (BTC) needs to climb at least anther $350 to confirm a long-term bullish reversal, technical charts
The sharp decline in shares of Boeing was felt across the stock market Monday, dragging the Dow Jones Industrial Average down more than 200 points at the lows of the session. The stock shed more than 13 percent after the aircraft manufacturer saw its second 737 MAX 8 plane crash in less than five months
February’s job growth slowed to a crawl with just 20,000 payrolls added, but it is more the result of temporarily sluggish growth and not a sign of recession. The shockingly weak report was about 160,000 fewer jobs than economists had forecast, but it follows January’s surprisingly strong 311,000 payrolls, which were revised higher by 7,000
US prosecutors have arrested one leader of the OneCoin project for stealing billions from investors through the alleged pyramid scheme. Ruja Ignatova and Konstantin Ignatov have been indicted by the State of New York for wire fraud, securities fraud, and money laundering. Ignatov was arrested this week, however, Ignatova remains at large. The pair defrauded
Binance Coin (BNB), the crypto asset that can be exchanged for transaction fees on the Binance exchange, is up more than 140 percent year to date and is now deviating from bitcoin’s price trend – a feat not commonly observed in the nascent crypto markets. While the reasons that most cryptocurrencies are highly correlated to bitcoin are
Greystone is a majestic mountain estate with Old World influences in Park City, Utah.Summit Sotheby’s International Realty Nestled among the mountains in Park City, Utah is a majestic estate that’s secluded on 12 acres yet close to everything. Aptly named Greystone, the one-of-a-kind architectural masterpiece is hitting the market with a $10,750,000 asking price. The
A technical indicator that incorporates both bitcoin’s price and trading volume is signaling the cryptocurrency may have bottomed in December. The money flow index (MFI), also known as the volume-weighted relative strength index, is used to identify buying and selling pressure and oscillates between zero to 100. A rising MFI indicates an increase in buying pressure,
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