Check out the companies making headlines after the bell: Apple shares fell nearly 5 percent in after-hours trading despite releasing its fiscal fourth-quarter earnings report that beat expectations on the top and bottom lines. The company reported earnings of $2.91 per share compared to the $2.78 per share analysts expected. Apple reported $62.9 billion in
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JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon has always been tough when it comes to his stance on Bitcoin (BTC). Back in September of 2017, Dimon even went as far as calling it a “fraud.” He later retracted his statement and said that he was wrong for calling it a fraud but was still
Despite global market doldrums, demand for cryptocurrency appears to be booming across Uganda, a country where nearly three out of four people don’t have bank accounts. Revealed exclusively to CoinDesk, Binance Uganda signed up 40,000 users in the first week since the world’s largest crypto exchange launched its local subsidiary in October. The early results
Vector of a businessman hand holding credit cards. For millions of Americans, it might soon be easier to get a mortgage loan — or any type of loan, for that matter — especially if they fall in the 500 to 600 FICO score range or have little to no credit history at all. The change
A rough combination of higher costs and lower demand is putting a chill on the once-red-hot house flipping market. Following the epic housing crash, flippers poured in, buying up distressed properties at bargain prices, fixing them up and flipping them either to residents or to other investors. That continued for years, but now the math
Global investment bank Morgan Stanley has given Bitcoin bulls something to cheers about. The institution has stated that it classes Bitcoin as an institutional investment class. (And the day after Bitcoin’s birthday… how thoughtful) What this means is that it recognizes Bitcoin as a type of asset similar to shares, property, bonds, cash, or commodities.
Facebook’s third-quarter earnings report told CNBC’s Jim Cramer that the social media giant has a chance at a comeback after months of recurring issues around data privacy. “The important thing here is that a turn is even possible ,” the “Mad Money” host said after shares of Facebook closed nearly 4 percent higher on Wednesday.
Right on time, company stock buybacks are coming to the rescue of the market. In the last 24 hours, companies as diverse as Intercontinental Exchange, Estee Lauder, Akamai, IBM, Maxim and even Nutrisystem have announced buybacks that amount to a significant number of their shares outstanding. (shares outstanding to be bought) Intercontinental Exchange 5 percent
Check out the companies making headlines after the bell: Fitbit shares soared as much as 13 percent in after-hours trading after the company beat earnings and revenue expectations for the third quarter. The fitness tracker manufacturer reported earnings of 4 cents per share, while analysts had expected a loss of one cent per share. The
The major US cryptocurrency exchange Coinbase has just announced that it won’t IPO any time soon but will be adding hundreds of more coins in the next year. Coinbase’s President and COO Asiff Hiriji told Bloomberg his company’s plans this morning via Bloomberg TV. Coinbase Denies IPO Yesterday, it was announced that Coinbase is now
In what’s become a rarity over the past month, the price of the tether (USDT) stablecoin temporarily regained parity with the U.S. dollar Wednesday. The token traded in the $1.00-$1.01 range for the better part of an hour, according to CoinMarketCap. At the time of writing, it is trading around $0.987. The exchange rate has
HOLLYWOOD, CA – FEBRUARY 29: Actor Johnny Depp (centre), mother Betty Sue Palmer (left) and girlfriend Vanessa Paradis attend the 76th Annual Academy Awards on February 29, 2004 at the Kodak Theater, in Hollywood, California. (Photo by Frazer Harrison/Getty Images) During a Breeders’ Cup week, it sometimes pays to take a glance at the local
Home sales in the San Francisco Bay area have been falling for months, but in September buyers pulled back in an even bigger way. Sales of both new and existing homes plunged nearly 19 percent compared with September 2017, according to CoreLogic. It marked the slowest September sales pace since 2007 and twice the annual
Today marks 10 years of Bitcoin; its original white paper was released onto the internet on Halloween day, 2008. What began as an idea to challenge the financial establishment, has since grown to become a $110 billion market. 10 Years of Bitcoin: The Whitepaper The purpose of Bitcoin was straightforward; the digital asset, as a
In this strange moment for stocks, investors should hope to see bad news about the economy, CNBC’s Jim Cramer said Tuesday after the major averages traded sharply higher following weaker-than-expected economic data. “Bizarrely enough, the best thing for this market would be getting some disappointing news from the non-farm payroll report on Friday,” Cramer said.
Check out the companies making headlines after the bell: Facebook shares initially fell, then turned positive and rose 2 percent in the extended session after the social media giant released a mixed third-quarter earnings report. The company reported earnings of $1.76 per share, higher than the Street’s $1.47 per share estimate. Facebook missed expectations on
Crypto exchange Coinbase is now valued at over $8 billion after it closed a new $300 million funding round. The US exchange held a Series E investment last week. Coinbase Funding will Enhance Growth Coinbase is one of the world’s largest exchanges by trading volume, and it has been at the fore of the cryptocurrency
The world’s largest cryptocurrency exchange Binance has frozen accounts that received more than 93,000 ether from two wallets indirectly linked to the troubled Russian exchange WEX. The accounts were frozen on October 25, Leah Li, a spokeswoman for Binance, told CoinDesk. The action was taken in response to pleas from WEX users who have been
Student loan debt can impact Millennial buyers Student loan debt is impacting some first-time Millennial homebuyers. MagnifyMoney, a LendingTree-affiliated online site that helps consumers compare financial products, recently looked at student loan debt and Millennial average net worth. There were some interesting findings. According to the MagnifyMoney team, “Millennials with student loan debt tend to have
Higher mortgage rates and overheated home prices hit Southern California home sales hard in September. The number of new and existing houses and condominiums sold during the month plummeted nearly 18 percent compared with September 2017, according to CoreLogic. That was the slowest September pace since 2007, when the national housing and mortgage crisis was
A US citizen from California has just pled guilty in federal court for operating an “unlicensed money business” selling Bitcoin (BTC), called LocalBitcoins.com. The Department of Justice (DoJ) released a press release about the case yesterday, October 29th. Unlicensed Bitcoin (BTC) Sales Jacob Burrell Campos has admitted to selling “hundreds of thousands” of dollars in Bitcoin
Commercial real estate could be the next sector to see serious weakness, CNBC’s Jim Cramer warned Monday as stocks underwent yet another bout of volatile trading. “I hate commercial real estate,” the “Mad Money” host told a caller in the lightning round. “Honestly, I think that’s the next thing that’s going to roll over. That’s
Check out the companies making headlines after the bell: Akamai Technologies shares rose more than 4 percent in after-hours trading following a quarterly earnings report that beat expectations on the top and bottom lines. The Massachusetts-based technology company reported earnings of 94 cents per share, while analysts expected 83 cents per share. Akamai reported $670
SC Johnson has just announced that it has teamed up with Plastic Bank to reduce the global ocean plastic crisis happening around the world. The companies are currently trying to increase recycling rates in impoverished communities within Indonesia, while also trying to address the challenges of poverty. SC Johnson Blockchain SC Johnson and the environmental organization
Cryptocurrency exchange Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC. In a deal signed last Thursday, the firm took a majority ownership stake in the exchange. Bitstamp CEO Nejc Kodrič will retain a minority ownership stake and continue running the startup’s operations. The terms of the deal,
Once the Sears warehouse and distribution center for the northeast, the building has become a beloved Boston landmarkMike Diskins In Boston’s Fenway neighborhood stands a one million square foot yellow brick and limestone Art Deco building with a 200-foot tall central tower. It has a twin in Minneapolis, as well as siblings in Atlanta, Seattle,
A federal lawsuit filed Monday accused President Donald Trump, three of his children and their company of “deliberately” defrauding and conning “thousands” of working-class Americans by touting a marketing company as a great investment opportunity when in reality it was anything but that. The Trump Organization immediately claimed the new racketeering suit is politically motivated.
The crypto market is suffering huge losses across the board today. And leading the drop-off is the largest coin by market cap; Bitcoin dropped from over $6,500 to a new two-week low of $6,243 in early trade today. The coin has lost over $200 in a 24-hour period, and as happens more commonly than not,
After nearly two weeks stagnating at around $6,400, bitcoin (BTC) has suddenly dropped out of the trading range. At 12:00 UTC, the world’s largest cryptocurrency by market capitalization dropped nearly $200 to reach a two-week low of $6,243. For the last 14-days, bitcoin had been stuck in a range of $6,590-$6,403 – its least volatile stretch
The bond market may be the next area to shock investors. While Wall Street copes with a volatile stock market, one bond fund manager warns treasury yields are on the verge of a breakout to the upside. Yields, which trade inversely of bond prices, can put upward pressure on everything from mortgage rates to credit