Check out the companies making headlines before the bell: Tyson Foods – Tyson earned an adjusted $1.47 per share for its fiscal third quarter, 5 cents a share above estimates. Revenue was below forecasts, however, under pressure during the quarter due to increased hog costs. Poultry results were mixed, but Tyson did see strength in
Month: August 2019
The month has got off to a fairly promising start for a crypto sphere with Bitcoin managing to gallop past the $10,000 mark and many other tokens gaining significantly in the aftermath. While it is true that Bitcoin is almost always the leader of the market in terms of gains when the crypto space starts
Penthouse Dining Room List Sotheby’s International Realty, Singapore A rare blue diamond valued at $3 million can yours if hurry up and buy this 11,000 square foot penthouse before the end of August. The ‘diamond package’ also comes with forty hours of aircraft charter in a Global 6000, courtesy of Singapore Air Charter (valued at
A real estate agent, left, with prospective buyers in Doral, Florida. Getty Images Escalating tensions over a trade war with China sent investors rushing to the relative safety of the bond market late last week. That pushed the yield on the 10-year Treasury, which mortgage rates loosely follow, down sharply. The average rate on the
View Bitcoin looks set to test falling channel resistance at $12,030, having invalidated a bearish lower-highs pattern earlier today. The rise in bitcoin’s dominance rate to the highest level in over two years indicates the price rise is sustainable. A UTC close above $12,030 would confirm the falling channel breakout and allow a rally to
China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images Wall Street strategists are preparing for what they call “a major escalation” in the wake of President Donald Trump’s announcement that a
The Takeaway Bitcoin derivatives provider LedgerX announced it has launched the first physically-settled bitcoin futures contracts in the U.S. Wednesday. The contracts, which pay traders out in bitcoin, rather than U.S. dollars, will be available to both institutional and retail investors. Customers can deposit bitcoin, rather than dollars, when buying a contract. LedgerX has beaten
Traders work on the floor of the New York Stock Exchange. Getty Images Check out the companies making headlines midday Friday: Pinterest — Pinterest’s stock soared more than 20% after the social media company topped estimates for its second quarter revenues and surpassed 300 million monthly active users. The company reported $261 million in revenue
CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market. The index, dubbed Shitcoin Index Perpetual Futures or SHIT-PERP, is a 58 low market cap coins index. It is flanked by other low-cap indices ALT-PERP and MID-PERP and includes projects such
The great room is lined with floor-to-ceiling windows, and a sofa is built into the steps. Heritage Auctions A live auction will be held August 12 for the Sondern-Adler house, a Kansas City, Missouri home that inspired famed architect Frank Lloyd Wright to call it “a little gem.” Heritage Auctions is preparing to hold the
Home prices continue to gain, and while the gains were still shrinking in May on a national level, some markets are seeing stronger price appreciation yet again. Nationally, home prices rose 3.4% annually in May, down from the 3.5% annual gain in April, according to the S&P CoreLogic Case-Shiller home price indices. The 10-city price
Jemina Joseph, 18, is working a summer job as a social media manager for a crypto startup after graduating from high school in the Bronx. And she learned how to make her first cryptocurrency transaction, a purchase using zcash, with the Flexa mobile app. It was a summer day, so hot the air outside felt
Sand destined for the oil and gas fields piles up at the EOG Resources processing plant in Chippewa Falls, Wisc. Steve Karnowski | AP After shakey earnings for oil producer EOG Resources, the company’s stock is well-positioned to outperform, according to Mizuho Securities. The firm maintained its buy rating and $122 price target on EOG
A rule embedded within litecoin’s (LTC) code is set to soon reduce rewards for the miners who today ensure transaction processing on the world’s fourth-largest blockchain by total value. In approximately five days, litecoin will undergo a scheduled reward halving – a process aimed at preserving cryptocurrency’s purchasing power. The mining reward is currently set at 25 litecoins ($2,500)
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was down sharply in the past week, buffeted first by disappointment over the Fed’s more hawkish-than-expected
According to Forbes, Bitcoin and cryptocurrency asset manager Grayscale Investments is about to make the biggest transfer in cryptocurrency history. The asset manager is planning on moving billions of dollars worth of holdings today, and the destination is US crypto wallet and trading platform Coinbase. Should the transfer go off without a hitch, it will
Storage unit renter carrying a box of belongs Credit: Shutterstock Moving is stressful enough without having to deal with the loss of irreplaceable family treasures. But that’s what happened to Sid Barrett and his family when they moved from Atlanta to Taos, New Mexico last year. Barrett said that after charging him “a fortune” to
Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage demand dropped to its lowest level since March, even though interest rates were much higher back then. Overall volume for mortgage applications fell 1.4% last
After forging new heights this year throughout the first six months of this year, Bitcoin went through incredibly tough times throughout the month of July. In July, the price fluctuated violently as a range of extraneous factors did not allow the token to move beyond a certain level, while the price plunged significantly post recoveries
Bill Murray and Warren Buffett Arnold Jerocki | GC Images | Getty Images; Adam Jeffery | CNBC Two American icons hung out in an Omaha, Nebraska ice cream shop on Thursday afternoon. Billionaire investor Warren Buffett sat down for ice cream with actor and comedian Bill Murray at Ted and Wally’s, a store in Omaha’s
Cryptocurrency exchange CEX.io now operates in 31 U.S. states and the District of Columbia. Since launching a U.S. office early in July, the London, U.K.-based firm says its compliance team has been working with regulators to satisfy the required checks and audits and be granted money transmitter licenses in the new states. Following that effort, the company
The No. 1 registered investment advisor in America is annoyed about the state of investment advice in this country. “There is an amazing amount of silly beliefs and bad investment advice floating around,” Ric Edelman, founder and chairman of Edelman Financial Engines, told me during an interview at the New York Stock Exchange. Ric was
Wages picked up and hiring continued strong in July but at a much slower pace than last year, reflecting an economy heading toward full employment but still with workers looking to move into the labor force. The economy added 164,000 nonfarm payrolls in July, just as expected, but revisions reduced job growth in May and
In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world. Trading
Water Views Bespoke Marketing “I gave up 60 percent of my development rights,” said Jay Bialsky, principal behind a forthcoming development on the waterfront in downtown Sag Harbor. The entire 1.94 acre site has sat for the past 13 years without any developer being able to get past the Architectural Review Board, but the now-approved
The future for Hong Kong’s property market is bleak, according to a commercial real estate services researcher. That “dim outlook” on the city’s property comes amid a possible U.S. recession and China-U.S. trade tensions, Denis Ma, head of research at Jones Lang LaSalle, said Tuesday. “If you look at Hong Kong’s property market, historically, basically
As of today, August 1, Bitcoin has 85% of its supply in circulation. This means there are only 3.15 million new coins left to be mined for the next 120 years. Bitcoin is currently trading at $10,044 USD according to CoinMarketCap. Bitcoin Supply Data from monitoring resource Blockchain said that earlier today, Bitcoin miners extracted the “17,850,000th
The surprise tariffs President Donald Trump announced Thursday against $300 billion or so of Chinese goods takes the trade dispute between the two countries to a new level, even though in dollar terms it doesn’t amount to a whole lot. The president’s announcement jolted markets, which had bounced back sharply off Wednesday’s disappointing Fed rate
Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures. An index of 58 low market cap coins, SHIT-PERP includes projects like Waves, Grin, and Nano. It is flanked two other low-cap indexes on the site, MID-PERP and ALT-PERP. Image via
What’s the setup for August? Likely more volatile than July. Fed chairman Jerome Powell threw a modest curve ball at the market Wednesday when he did not automatically endorse additional interest rate cuts. If there is one thing that has made it easier for the bulls to stay bullish, it is the direction of rates.