Month: July 2019

Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, January 30, 2019. Leah Millis | Reuters Fed Chairman Jerome Powell, in prepared remarks for Congress, reaffirmed the Fed is concerned about economic weakness and that it will act as “appropriate” to sustain the
0 Comments
The Scottish craft beer company BrewDog has announced it will be extending its groundbreaking cryptocurrency investment program “Equity for Punks” until April next year. The program, which was originally intended to end on July 5 this year, allows investors to buy BrewDog shares using a variety of cryptocurrencies. These include Bitcoin (BTC), Ethereum (ETH), Ripple
0 Comments
If you’ve been wanting to own shares in the latest generation of space companies, now is your first chance. Social Capital Hedosophia, the investment vehicle of venture capitalist Chamath Palihapitiya, is merging with Richard Branson’s Virgin Galactic in a deal that will open the space tourism company to public investors later this year. Social Capital
0 Comments
IDG-backed cryptocurrency exchange KuCoin has just launched a platform offering crypto derivatives trading. Announced Monday, the KuMEX trading venue is now live in public beta and will offer initially a bitcoin perpetual contract (XBTUSDM), quoted in U.S. dollars, with up to 20x leverage. Aimed to make pricing “more fair and rigorous,” KuCoin said, KuMEX uses a bitcoin spot
0 Comments
To supplement a report on barriers to homeownership, housing finance researchers at the Urban Institute last year published a down payments quiz. They included six questions, such as, “What was the median down payment made in the US for mortgages used to buy a home in 2017?” And, “How many states have programs that can help
0 Comments
The logo for the Vanguard Group is shown on correspondence in Zelienople, Pa. Keith Srakocic | AP Vanguard, the non-profit financial giant that single-handedly revolutionized the investment management world, reportedly wants to join the private equity party train. Is this another market that it intends to overhaul by passively managing and micro-pricing index fund offerings
0 Comments
Kai Pfaffenbach | Reuters Check out the companies making headlines midday: Chipmakers— Shares of chipmakers fell broadly, including Micron falling more than 1% and Qualcomm dropping less than 1%, after Samsung said its second-quarter profit would likely be down 56% from a year ago. The world’s largest smartphone maker and supplier of memory chips cited
0 Comments
The outlook for Chinese stocks may be risky given the uncertain state of U.S.-China trade relations. But Lewis Kaufman, a portfolio manager at Artisan Partners, thinks investors should buy them anyway. “Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging
0 Comments
President Donald Trump’s prospective Federal Reserve nominee sees an economy that is booming and thinks the central bank should not be a force standing in its way. Judy Shelton told CNBC that Friday’s strong jobs report is a good example of fiscal policy working, though she has expressed reservations about the Fed’s actions. The June
0 Comments