Check out the companies making headlines after the bell: Shares of Boeing ticked higher in extended trading Thursday on news that the aircraft-maker completed 96 flights testing performance of the 737 Max with updated software. The company is working to fix the aircraft’s MCAS flight control software and improve pilot training, according to Boeing CEO
Month: April 2019
Bitcoin futures exchange Bakkt has a new chief product officer. Announced via Medium earlier today, the exchange has added Mike Blandina to its team. Bakkt Hires New CPO In previous years, Blandina has worked at PayPal where he served as head of payments and credit engineering. He has also been director of engineering for Google
Bithumb, South Korea’s largest cryptocurrency exchange, has posted a net loss of 205.5 billion won ($180 million) for 2018. CoinDesk Korea reported the news on Thursday, saying that the loss was mainly due to a sharp decline in the cryptocurrency market last year, though the company’s operator BTCKorea also cited infrastructure investments and labor costs
A freestanding fireplace in a New York City apartment. Photo courtesy of HearthCabinet Fireplace, Designer: Marie Aiello Design Studio, LLC Architect: TODO Design & Architecture How to have a beautiful warm fire place in your home with no flue and no vent? Still a relatively new concept, ethanol and isopropyl alcohol gel ventless fireplaces have grown
LOS ANGELES — California may be the fifth-largest economy in the world, but poverty is more prevalent among families with children in the state than in the rest of the nation. “This is a state that has great prosperity,” said Lori Turk-Bicakci, senior manager for the KidsData program at the Lucile Packard Foundation for Children’s
CNBC’s Jim Cramer on Thursday said it’s time for “wholesale change” in Bed Bath & Beyond‘s management. “The company still has a good balance sheet, $1 billion in cash, so I think it can be saved,” the “Mad Money” host said. “But I gotta tell you something: not with this management team.” The home goods
Quraterly earnings for the S&P 500 are expected to decline for the first time since the second quarter of 2016, even though the index is just 2% from its historic high. First-quarter earnings for the S&P 500 are projected to decline 2.5% from last year, according to Refinitiv consensus estimates. Stocks up with earnings down?
Check out the companies making headlines after the bell: Shares of Bed Bath & Beyond initially jumped before reversing to trade 6% lower after hours Wednesday following the release of the retailer’s mixed fourth quarter earnings. Bed Bath & Beyond posted earnings per share of $1.20 on revenue of $3.31 billion. Wall Street projected earnings
Blockchain technology is a critical infrastructure for the existence of cryptocurrency and arguably one of the reasons why cryptocurrencies exist. The two are different, but they are essentially part of the same system. Blockchain technology, therefore, affects traders directly but there are other ways that cryptocurrency traders benefit from the technology. It not only supports
View Bitcoin has cemented a higher low and retained its bullish market structure on the daily chart after a hotly contested close on April 9. The hourly chart shows bitcoin is trending inside an ascending triangle (typically bullish by nature) with a potential measured move to $5,885. An exaggerated bullish divergence has formed on the
New Yorkers need to earn $85,027 per year to spend less than 30% of their income on rent for a median-priced one-bedroom, Apartment List found. Getty If you’ve aged out of your 20s but are still living with roommates in New York (or one of the country’s other most expensive cities), it’s OK to cut yourself some
Ollie’s Bargain Outlet is one-third of the way to opening 950 locations after opening three Tennessee stores on Wednesday, CEO Mark Butler told CNBC. The discount retailer is also eyeing new establishments in Oklahoma and Massachusetts, which would expand the chain to 25 states across the country, he said. Ollie’s store count currently stands at
The cryptocurrency top ten are in the green! Well, eight of them are at least. According to CoinMarketCap, the total cryptocurrency market cap today is $182,807,737,820. As usual, when Bitcoin price is in the green, the rest of the market tends to be too. At the time of writing, Bitcoin is showing gains of a respectable
CNBC’s Jim Cramer on Wednesday took a deeper look at Dirty Lemon, the health-conscious drink owned by Iris Nova, to understand how its business model could help keep down inflation: embrace the honor system. “If this method catches on, it’s easy to see how our economy can keep growing with hardly any meaningful wage inflation,”
April is National Financial Literacy Month, but this week is National Retirement Planning Week, which means it’s time for yet another round of depressing statistics about how unprepared we all are for retirement. Let’s focus on Baby Boomers — those born between 1946 and 1964. That means this group is between 55 and 73 years
Consumer inflation probably got a boost from rising gasoline prices in March, but it should not break out above the subdued pace that encouraged the Federal Reserve to keep interest rates on hold when it met last month. Both the consumer price index and minutes from that March meeting are scheduled to be released Wednesday.
According to Reuters, China’s state planner wants to ban Bitcoin mining. The National Development and Reform Commission (NDRC) has updated a draft list of industrial activities that it is looking to encourage, restrict, or eliminate. The list was first published in 2011. NDRC Wants to Ban Cryptocurrency Mining Unfortunately for crypto enthusiasts, cryptocurrency mining has
Bitfinex has removed its $10,000 minimum equity requirement to start trading on the cryptocurrency exchange, enabling a broader range of investors to participate. The company, based in the British Virgin Islands, cited “overwhelming demand from a wide variety of traders” for the change. “We simply could not ignore the increasing level of requests for access to
Photocredit: Getty Getty There’s a lot of info out there for first-time buyers, but what about sellers? Selling your home for the first time can be an emotional and often overwhelming process. In light of that, I’ve decided to lay out four things that first-time sellers should know before putting their home on the market.
It’s too early to make a bet on Zillow and its fledgling home-flipping business even under new management led by co-founder Rich Barton, CNBC’s Jim Cramer said Tuesday. The online real estate marketplace expects core business revenue to grow 56% within the next five years, but their cash-burning plan to buy and sell homes could
Cryptocurrency investment is on the rise right now, especially due to the recent Bitcoin uptick. BTC’s recent climb attracted Chinese investors, but they’re paying a premium price because they have to pay extra to purchase over the counter. China previously banned cryptocurrency exchanges from operating within its borders and also banned crypto trading. However, Chinese
Earnings season is drawing nigh and one more pullback before the week ends could be a positive for the market, CNBC’s Jim Cramer said Tuesday. Tuesday’s decline, where the three major indexes all fell less than 1%, was a “very healthy” move before companies start reporting, he said. “Let’s just say they have plenty of
In a sign IPO sellers are not tone-deaf, Pinterest is pricing its 75 million share IPO at $15-$17 a share, which at the $17 range would raise $1.3 billion and value the company at below the $12 billion it was valued at during its last round of fundraising in 2017. By contrast, ride hailing service
Morgan Stanley is calling for a full-blown earnings recession, while many other analysts see one negative quarter and a return to positive profit growth by the second quarter. Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says he’s looking for two or more quarters of negative or flat growth, meeting the technical definition of a
Good days may be ahead for cryptocurrencies. The sentiment of digital assets is improving slowly after witnessing a bear trend in 2018. The total cryptocurrency market cap has increased considerably by over $50 billion USD since the beginning of 2019. Many digital assets are outperforming the market when compared to the largest indices worldwide. CCI30
UPDATE (April 8, 13:40 UTC): The funding round was led by Initialized Capital, not Pantera Capital. The headline has been updated. A San Francisco-based decentralized exchange (DEX) called Sparkswap launched Monday, becoming the first North American exchange to fully integrate the lightning network, a bitcoin scaling solution. Sparkswap is funded by a $3.5 million seed
Columbia Square Living’s penthouse is available for $30,000 per month. Christopher Stinner Photography Hollywood’s most expensive penthouse is searching for a star—a matinee idol, genius songwriter, an auteur. Perhaps the next Quentin Tarantino, some exceptional game changer worthy of this panoramic perch atop historic Columbia Square. Kelly Wearstler’s design creates an American Craftsman-California mod vibe.
For any investor, measuring opportunity against risk is critical. And for real estate investors in particular, risk is rising exponentially in the age of climate change. To that end, big real estate firms are pouring significant resources into calculating climate risk and its likely effect on property portfolios—everything from increasingly extreme weather to sea-level rise.
CNBC’s Jim Cramer said Monday that stockholders of household names should not be too quick to pull the trigger when they hit a rough patch because the market tends to be forgiving. “When a company with a terrific long-term track record suffers a setback and the stock implodes, the pain can make you want to
Check out the companies making headlines midday Friday: Boston Beer — The Sam Adams brewer dropped nearly 4% after Goldman Sachs downgraded the stock to sell from buy, citing an intensifying beer market throughout the remainder of 2019. Anheuser-Busch InBev — Shares of Anheuser Busch Inbev rose 1.52% after Bank of America upgraded the beer
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