Traders work the floor at the NYSE. Brendan McDermid | Reuters The Fed is expected to cut interest rates for the first time in more than a decade Wednesday, a pre-emptive move as concerns rise about the impact of the trade wars and a slowing global economy. Friday’s July jobs report should show that the
Month: July 2019
The crypto winter kept cryptocurrency markets in the grip for almost two years until sometime this year, but in this period of grey, one asset stood out. Ripple’s XRP continued to perform well within expectations. XRP’s Strong Performance in Q2 Ripple has indicated that XRP sales in the first and second quarters of 2019 have
Casino slot machine, jackpot, wealth, luck and success concept Getty If you’re surprised to see such a title – “7 REITs Yielding 7% – or More!” – from Mr. Conservative Investor Brad Thomas, I don’t blame you one bit. I know I’m the one who normally cautions against dividend yields that are too high or
A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images High prices are hitting the Southern California housing market hard, reversing the sales gains over the past few months. Sales fell 6.9% in June compared with May and were down 8% annually,
Safeway will soon reward customers with up to 3.5% back in Bitcoin on all their purchases. The grocery chain has partnered with Bitcoin rewards shopping app Lolli in a bid to make Bitcoin a “part of everyday life.” Safeway and Bitcoin Rewards The new partnership, announced earlier today, has come as a surprise. Safeway announced that
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Here are the biggest calls on Wall Street on Friday: KBW upgraded Citi, Goldman Sachs, and Bank of America to ‘outperform’ from ‘market perform’ KBW said the three banks are best positioned to benefit from an “extended” economic cycle. “We are upgrading shares of Citigroup,
While post offices sometimes offer banking services, Croatian Post is looking at launching a nationwide cryptocurrency exchange service. For a pilot effort, Croatian Post, or Hrvatska Pošta, is now offering crypto-to-fiat exchanges in three post offices in the coastal town of Zadar – a place popular with tourists. Hrvatska Pošta said Thursday that the trial run
A man passes a Louis Vuitton store in Macau, China, on Friday, Dec. 10, 2010. Daniel J. Groshong | Bloomberg | Getty Images The impact on earnings from the slowdown in China and the ongoing trade war is not uniform. Halfway through the earnings season, company reports show the much-feared collapse in guidance for the
Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on “Monetary Policy and the State of the Economy” in Washington, July 10, 2019. Erin Scott | Reuters The Fed is expected to move ahead to cut interest rates by a quarter point Wednesday after second quarter GDP shows inflation is still
The meteoric growth of the price of Bitcoin from $3,693.85 at the beginning of the year to the $13,880 year high reported last month has greatly affected most altcoins. As a result of the devaluation that altcoins have suffered against Bitcoin, most people are dumping their tokens in preference of the gaining Bitcoin. One altcoin,
New England’s high end homeowners want beauty in their homes, but they want energy conservation, too. Regina Cole An informal poll of some of New England’s housing industry professionals tells us that sensitivity to the environment is growing. “Our clients are well schooled in matters of energy conservation; they come to us with a high
Demand for single-family rental homes is surging, and homebuilders are now stepping in, redesigning and reimagining the sector — and becoming landlords themselves. While builders have always sold some of their new homes to investors as rentals, the strong demand has some moving into the space exclusively. AHV Communities, partnering with Bristol Group, is putting
View Bitcoin’s bullish momentum has weakened to five month lows, according to Chaikin Money Flow indicator. That, coupled with the bearish lower highs pattern on short duration chart indicates BTC could fall back to the recent low of $9,049 and may even break lower. BTC may bounce back to $10,300 if sellers again fail to
Bitcoin bulls are indeed out there. Most recently, Pantera Capital founder Dan Morehead, in a discussion with Unchained Podcast, said how he believes Bitcoin could hit $42,000 by the end of 2019. He even believes the digital coin has the potential to reach $356,000 within a couple of years. Nothing like some good faith to spur
A woman enters Bear Stearns headquarters in New York, March 14, 2008. Daniel Acker | Bloomberg | Getty Images A former trader at Scotia Capital and Bear Stearns pleaded guilty Thursday to a federal crime and admitted manipulating precious metals markets for nine years — the latest in a series of crackdowns in the commodities
Europe’s head central banker was less inclined Thursday to interest rate cuts and monetary stimulus than expected, and his tone convinced markets that the Federal Reserve will have a similar stance at its meeting next week. The outlook now is that the Fed will trim rates by just a quarter percentage point, not a half
Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits. VST portfolio consists of 20 global companies using artificial intelligence (AI), blockchain, virtual and augmented reality (VR/AR) to
Customers shop at a Home Depot store in Chicago, Illinois. A shortage of single-family homes for sale in the U.S. is driving up home prices and causing many home owners to renovate rather than move, which is driving up earnings and stock prices for Getty Images Amid the shuttering of many brick-and-mortar stores and slow
Dick Cavett’s estate in Montauk is listed at $33.95 million, down from $62 million in 2017. Source: Corcoran It’s been a cruel summer for Hamptons real estate Real estate sales and prices in the Hamptons continued to fall in the second quarter, marking a year and a half of declines, according to a report from
After having a rollicking rally during the first half of the year, Bitcoin (BTC) has had a forgettable time in the month of July, and the reasons behind the troubles are manifold. The announcement from Facebook (NASDAQ:FB) about its very own cryptocurrency Libra may have initially been thought of as a welcome addition to the
Source: Betterment Regulators have asked online wealth advisor Betterment to clarify some details surrounding its new checking and savings accounts just hours after they were launched. The digital wealth-management start-up unveiled new accounts that offer as much as a 2.69% annual yield. But Betterment was asked to provide more specifics to one of its regulators
The Takeaway Gotbit inflates trading volumes on obscure cryptocurrency exchanges for a fee and has about 30 token projects as clients. The firm programs bots to trade tokens back and forth with each other, creating the illusion of active markets so the assets can get listed on CoinMarketCap. Its co-founder says exchanges are aware of
Check out the companies making headlines before the bell: Boeing – Boeing lost an adjusted $5.82 per share for the second quarter, as it deals with issues related to the 737 Max grounding. The commercial aviation unit lost nearly $5 billion in the second quarter, but the defense and services units posted profits. AT&T –
After several weeks of speculation, the Economic Commission of Iran has finally approved cryptocurrency mining as an industry in the country. On July 22 the Chamber of Commerce, Industries, Mines and Agriculture made an announcement approving crypto mining. The Commission indicated that the Iranian government was seeking ways of regulating the mechanism of crypto mining
ISOLA DEI PESCATORI, ITALY – JUNE 2, 2018: Isola dei Pescatori, also known as Isola Superiore, one of the three principal Borromean Islands on Lake Maggiore Getty The largest population of cash buyers at the moment is retirees and with all that money to burn a few niche areas around the world are coming up with
A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images After rising the previous week, interest rates fell back again last week, but consumers were not enthused. Overall mortgage application volume fell 1.9% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Bitcoin is on the defensive for the fourth straight day, having breached long-term support on Tuesday. The leading cryptocurrency by market value is currently trading at $9,720, representing a 1.1 percent drop from today’s opening price of $9,841, according to Bitstamp data. Prices fell 1.39, 2.56 and 4.66 percent, respectively in the previous three trading
Bitcoin (BTC) has had a tough time for almost the entirety of the month of July after having gone through a highly impressive bull run during the first half of the year. As everyone knows, the $10,000 mark has become an important psychological point for the market now, and if the price of the token
A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts Scott Eells | Bloomberg | Getty Images The U.S.-China trade war is badly hurting iRobot, the company that makes the Roomba robot vacuum cleaner. Shares of iRobot plummeted more than 13% in after-hours trading Tuesday after the company’s top executive said tariffs
The crypto markets are once again back on the rise with litecoin (LTC) leading the way in the top 10 cryptocurrencies at CoinMarketCap. The price of bitcoin (BTC) jumped by more than $1,000 in the expanse of 30 minutes yesterday, with the rest of the market following suit, rising between 5-20 percent, while Litecoin (LTC) outperformed
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