After a remarkable rebound off December lows, the market rally has hit a snag. The S&P 500, Dow and Nasdaq just had their worst week of the year with all three down for a fifth day in a row. That’s the first time all the indices have been down every day of the week since
Month: March 2019
Check out the companies making headlines midday Friday: Big Lots — Shares of Big Lots jumped 15.33 percent after the company reported better-than-expected fourth-quarter earnings. The retailer’s earnings came in at $2.68 earnings per share, 38 cents higher than a Refinitiv forecast. The company’s same-store sales were up 3.1 percent, nearly triple Refinitiv’s estimate of
In today’s edition of crypto news, we’ll cover OKEX’s latest addition to its customer-to-customer platform and IBM’s new blockchain patents. Crypto news has been a bit slow this week, in regards to big announcements but the two we’ll discuss today should give investors some confidence going into the weekend. OKEx Adds TRON (TRX) to C2C Platform
Gaming cryptocurrency Enjin coin (ENJ) is up 70 percent after news reports earlier today that confirmed a partnership with South Korean technology giant Samsung. On Friday, media outlets in South Korea reported the partnership between Enjin, the Singapore-based company behind ENJ, and Samsung’s flagship smartphone S10, was confirmed, which ignited Korea’s investor base to jump
Dazey LA sweaterDazey LA On International Women’s Day, I give you a list of 42 independent businesses founded by women that sell beautiful and useful objects, clothing, and self-care wares. If I had all the time in the world, this list could be much longer. There is no dearth of female founders nowadays: A 2018 report found a 114 percent
U.S. homebuilding increased more than expected in January as construction of single-family housing rebounded after four straight monthly declines, but building permits for these units fell to the lowest level since mid-2017. Housing starts jumped 18.6 percent to a seasonally adjusted annual rate of 1.230 million units in January, the Commerce Department said on Friday.
The moving average convergence divergence (MACD) has become the latest charting indicator to signal bitcoin may soon see a trend reversal that could put an end to its months-long price decline. As reported, the money flow index (MFI), an indicator used to identify buy and sell pressure, created a divergence Sunday widely considered to be
Female CEOs may be few and far between, making up less than 5 percent of CEOs in the S&P 500, but history shows they’ve been able to generate big returns for investors. Of the 24 female CEOs in the S&P 500, 13 have led their companies’ stocks to outperform the index in terms of cumulative
It was some time in the first quarter of 2009, standing outside the NYSE, when I realized that my entire generation got scalded. I mean the baby boomers. I didn’t know it at the time — no one did — but March 6, 2009, was the intraday bottom for the stock market, when the S&P
Economic data could trump all else in the week ahead, after hiring in February appeared to fall off a cliff, raising new concerns about the economy. January’s delayed retail sales report, durable goods and February’s CPI inflation data all take on added significance, particularly since there has been a mixed stream of economic data lately.
You may be familiar with the term stablecoin. But because it is a relatively new type of cryptocurrency, you may not be familiar with what it is. So what is it? Why is there so much fuss surrounding these coins and what are the stablecoins you should know about? Let’s dig in! Stablecoins: What On Earth
Mobile finance app Revolut has launched a new feature allowing users to “auto-exchange” cash and cryptocurrencies. The firm announced Tuesday that its over 4 million users can now automatically exchange, say, U.S. dollar (USD) to bitcoin (BTC) or ether (ETH) to XRP, based on a pre-set target rate. Fiat-to-fiat exchanges are also possible. Once a target
DeepMind’s new office.DeepMind DeepMind is moving out of Google’s U.K. headquarters and into a large new London office. The artificial intelligence lab, which was acquired by Google in 2014 for around £400 million, will move into a new building in King’s Cross at some point in 2020. It will include a double helix staircase, a lecture theatre,
Strong demand for housing last year kept home prices surging, and that means more homeowners are now sitting on more cash in the form of home equity. Collectively, homeowners with mortgages saw their equity increase by just over 8 percent in 2018, according to CoreLogic. That is from a combination of home value gains and
View Bitcoin’s short-term outlook remains bullish while prices are held above $3,658 (the low of the long-tailed doji created on Feb. 27). A break above $4,000, however, could be preceded by a pullback to $3,750 if another rejection at a newfound resistance of $3,900 ends up breaching the bullish higher low of $3,826 on the
Shares of El Pollo Loco Holdings dropped nearly 17 percent Friday after the company lowered its earnings guidance for the rest of fiscal 2019, citing bad weather conditions in California for their “slow start” in the first quarter. The company adjusted its pro forma earnings forecast in 2019 to be between 70 cents to 75
Once again, we are seeing the usual hand-wringing over the fact that after a 17 percent rally from the December low, some of the stock market’s sector leaders are meeting resistance. Leadership groups like semiconductors, the Russell 2000, banks and industrials have been weaker in the last couple weeks and with good reason. The markets
Check out the companies making headlines after the bell: Shares of Costco jumped more than 4 percent in extended trading Thursday following the release of the company’s mixed second-quarter earnings. The retail company posted earnings of $2.01 per share on revenues of $35.40 billion. Wall Street estimated earnings per share of $1.69 on revenues of
Earlier in the year, Fidelity Investments launched its arm dedicated to cryptocurrencies. Called Fidelity Digital Assets (FDAS), the branch trades in and takes custody of digital assets. Now, according to FDAS President Tom Jessop, the platform will take its time adding support for Ethereum. Fidelity Digital Assets The platform currently has support for Bitcoin and
Kraken, one of the largest U.S.-based crypto exchanges with daily volume of around $100 million, has hired a Hollywood veteran to be its first chief marketing officer. Matt Mason spent the last four years as the studio head of 1-800-N0TH1NG, described on his LinkedIn page as an “innovation lab” in Los Angeles funded by Sony Pictures. He
Jump over the cliff photo credit: GettyGetty How do you know if you are sitting on a unicorn or are about to throw away the next few years of your life on a pipe dream? The truth is, you never REALLY know until you give it your best shot; but taking the plunge and committing
It is impossible to build a fully fireproof home, but researchers are now focused on making homes at least fire resistant. They have to, because climate change is increasing the intensity of wildfires around the world, putting billions of dollars’ worth of real estate literally in the line of fire. Wildfires destroyed more U.S. homes
View Bitcoin’s bull revival, as signaled by the weekly chart indicators, is still in the nascent stage and will likely become more entrenched if and when prices clear the resistance levels at $4,190, $4,236 and $4,388. A high volume break above the three resistance levels could be followed by a rally to highs above $5,000.
There is one simple solution for companies to make more money, Bank of America Merrill Lynch research shows: Hire more women. Haim Israel, an equity strategist at Bank of America Merrill Lynch, said in a note to clients Wednesday that gender diversity can boost return on equity, profit, dividends and market cap at a lower
Check out the companies making headlines after the bell: American Eagle Outfitters shares fell more than 4 percent after hours Wednesday based on mixed fourth-quarter earnings and light first-quarter guidance. The retailer posted $1.24 billion in revenue, missing Refinitiv estimates of $1.26 billion. Earnings per share were 43 cents, topping estimates of 42 cents. The
Crypto news has been fairly slow this week, minus a few major announcements. Huobi Global just announced support for XRP. Another piece of news that should excite investors is IBM releasing its new X-Force Red. Huobi Adds XRP to OTC Trading Desk #Huobi OTC #announcement is now here!$XRP @Ripple will launch on #Huobi #OTC at
Swiss stock exchange SIX Group has listed an ethereum-based exchange-traded product (ETP). SIX Group announced Tuesday that trading for the Amun Ethereum ETP started on March 5 under the ticker symbol AETH. The product carries an annual management fee of 2.5 percent and is backed by Switzerland-based firm Amun AG. ETPs are a type of
Marigay McKeeDavid Vaughn Marigay McKee has been influential in the fashion world for decades. After her tenure at Harrods, where she rose to Chief Marketing Officer, and her three years as President of Saks, McKee decided to start her own consulting business. “As a consultant and investor one speaks less and listens more, which is
A slight rise in interest rates caused a pullback in mortgage demand last week. Total application volume fell 2.5 percent week to week, according to a seasonally adjusted index from the Mortgage Bankers Association. Volume was 2 percent lower compared with the same week one year ago. Purchase demand fell 3 percent for the week,
View Bitcoin has erased losses seen on Monday with a strong bounce from the bullish 5-week moving average (MA) support of $3,703. That has raised the odds of a rally to the psychological hurdle of $4,000. A bull flag breakout on the hourly chart also shows scope for a rise to $4,040 (target as per
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