One of the biggest stories of the year has been the roaring comeback made by Bitcoin after it went through a disappointing year in 2018. Throughout the first half of the year, the cryptocurrency made hefty gains. However, the month of July has been a bit of a bumpy ride for Bitcoin as a range
Month: July 2019
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley‘s rich clients may have gotten surprised by their tax bills this year. The bank’s wealth management business was hit by an unexpectedly high outflow of deposits in the second
Bitcoin surged $1,000 in just 30 minutes during U.S. trading hours Thursday, a move that found the leading cryptocurrency rising from $9,335 to a high of $10,400, based on Bitstamp data. Prices had dropped to a low of $9,280 at 14:00 UTC, having repeatedly failed to beat the psychological resistance of $10,000 in the Asian session
A trader works on the floor of the New York Stock Exchange. Brendan McDermid | Reuters After a record 2018, buybacks so far in 2019 are strong but just below 2018’s record, according to a new report from J.P. Morgan. As buybacks hit records last year (about $800 billion) a predictable political backlash developed. Corporations
Check out the companies making headlines before the bell: Morgan Stanley – The investment bank reported quarterly profit of $1.23 per share, 9 cents a share above estimates. Revenue also beat analysts’ forecasts. CEO James Gorman said the quarter was solid across all of the company’s businesses. UnitedHealth – The health insurer reported adjusted quarterly
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 companies are using artificial intelligence (AI), blockchain, and virtual and augmented reality (VR/AR) to disrupt sectors as
Millennial home buyers have become the largest cohort for home purchases, Adobe Stock A new report by CoreLogic, a leading property information and data provider, takes a deep dive into the evolution of the U.S. housing market during the nation’s longest economic expansion and touches on a burning question: Is a recession looming? The U.S.
A bipartisan bill that cleared the House last week would let first-time homebuyers pay a bit less at closing if they go through homeownership counseling. Called the Housing Financial Literacy Act, the measure would apply to first-time homebuyers who take out a mortgage backed by the Federal Housing Administration. Borrowers who go through the counseling
Bitcoin price has suffered its second-largest drop in a 24-hour period in 2019. Currently, the price is approximately $9,632 USD per coin, but across the day, its movement has been constant. The world’s largest cryptocurrency by market value closed yesterday at $9,412.81 on Bitstamp; down 13.25% from its opening price of $10,848. This is the second-largest single-day
Andrew Left, founder and CEO of Citron Research Adam Jeffery | CNBC Andrew Left’s Citron Capital posted a net return of 24.7% after fees and expenses in the first half of 2019, according to an investment letter posted on the fund’s website Wednesday, but said “it has been an extraordinarily challenging environment to be a
Amidst a decline in the price of bitcoin, the world’s most valuable cryptocurrency could find support at $7,500 – that is if it follows past patterns on the charts. Bitcoin has faced selling pressure over the last few days, despite an impending golden crossover on the three-day chart – a bullish crossover of the 50-
ASML Holding Semiconductor company logo seen displayed on smart phone. ASML is a Dutch company and currently the largest supplier in the world of photolithography systems for the semiconductor industry. ( SOPA Images | LightRocket | Getty Images Could the news get any worse for semiconductors? First the global slowdown clobbered them at the end
Check out the companies making headlines before the bell: Bank of America – The bank reported quarterly profit of 74 cents per share, beating consensus by 3 cents a share. Revenue was just above forecasts, with the bank’s results helped in part by stronger retail banking performance. Net interest income came in slightly below analysts’ forecasts,
The cryptocurrency space may have been having a great time this year so far as Bitcoin started on one of its strongest bull runs since 2017 and other crypto tokens gained as well. However, it needs to be kept in mind that there are a lot of things that can disrupt the crypto space and
Mortgage rates might be at their lowest point in months, but they’re not doing much to help home builders. picture alliance via Getty Images Low mortgage rates should be giving home builders a leg up, but it seems the impact has so far been muted. According to a new sentiment survey from the National Association
A real estate agent with an ‘Open House’ sign in the front yard of a home for sale. Ty Wright | Bloomberg | Getty Images Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, caused a stunning drop in foreign demand for American homes. The dollar volume of
2019 has been an excellent year for Bitcoin (BTC) after the poor year in 2018 had instigated many to write off the cryptocurrency, and by extension, the crypto space altogether. The cryptocurrency went on a highly impressive run this year and almost replicated the sort of rally that it had enjoyed back in 2017. However,
A woman walks past JP Morgan Chase’s corporate headquarters in New York. Getty Images A few of the largest U.S. banks on Tuesday warned investors of the effect multiple interest rate cuts by the Federal Reserve could have on their bottom lines throughout the rest of 2019. J.P. Morgan, Wells Fargo and Goldman Sachs all
Binance, the world’s top exchange by trading volume, is considering launching a branch in South Korea, according to reports. Changpeng “CZ” Zhao confirmed the possibility to local news source Block In Press on Tuesday, saying (via translation) that the firm is “working with local partners, but we do not know the details.” However, according to a report
Check out the companies making headlines before the bell: Goldman Sachs – Goldman earned $5.81 per share for the second quarter, beating the consensus estimate of $4.89 a share. Revenue also beat forecasts and Goldman boosted its quarterly dividend to $1.25 per share from 85 cents a share. JPMorgan Chase – The bank reported quarterly
Social media platforms of the new future will be very different from what we have today, that is if the current trends are to sustain. Social networking is not an old phenomenon. It has picked up in the last two decades. At the dawn of the internet, as it started to gain mainstream adoption in
This is the season when nearly 100 million Americans will take a vacation, according to the Automobile Association of America, about half of them heading out on road trips. Nature is a top draw, with lodging in and near national and state parks often booking up months in advance. Vacation rentals from app-based platforms have
Workers install roof trusses on a home under construction in Vineyard, Utah, U.S., on Tuesday, March 12, 2019. George Frey | Bloomberg | Getty Images The nation’s homebuilders should be ecstatic, given the supply of existing homes for sales and falling mortgage rates. Instead, they continue to be just cautiously optimistic, due to several roadblocks
View Bitcoin could fall to the July 2 low of $9,614 and may break lower in the short-term, as the widely tracked MACD (moving average convergence divergence) histogram on the three-day chart has turned bearish for the first time since December. Buyer exhaustion above $12,000, as seen on the weekly chart, also supports the case
Treasury Secretary Steven Mnuchin Jonathan Ernst | Reuters Treasury Secretary Steven Mnuchin has concerns about Facebook’s cryptocurrency and its potential illicit use. In a press conference Monday, he Facebook’s proposed digital currency, Libra, “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” The press conference comes days
After announcing a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it’s discovered that another $2.3 million is missing. A report from Japan Today on Monday said the extra losses were discovered at exchanges outside Japan that were using Bitpoint’s trading system and announced Sunday. The firm announced Friday that it had suffered a security
Check out the companies making headlines before the bell: Facebook – Facebook is reportedly close to settling with the Federal Trade Commission by paying a $5 billion fine. The Federal Trade Commission has been conducting a probe of Facebook’s privacy practices. Amazon.com – Amazon.com has kicked off its fifth annual “Prime Day,” which this year
Stellar (XLM) is outperforming the broader crypto market on the technical rebound. The world of cryptocurrencies can often prove to be a bit of wild ride sometimes, and it is especially so after the sort of week that has been unleashed on the crypto sphere. Many of the top cryptocurrencies declined yesterday after the comments
PARIS, FRANCE – SEP 28, 2018: Small Amazon parcel cardboard box against yellow background smile logo. Amazon Prime is the online paid subscription service offered by Amazon.com web-commerce site Getty Let’s talk a minute about a service that there’s a fairly decent chance you already use: Amazon Prime. Unless things have taken a drastic change
An employee rings up a customer’s merchandise at The Container Store in Chicago, Illinois. Scott Olson | Getty Images There’s a group of stocks that tend to rise or fall dramatically following their earnings report. Bespoke Investment Group analyzed the most volatile names on earnings, looking at companies that have been publicly traded for at
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