U.S. stocks could sell off on Wednesday if China’s market falls again, veteran trader Art Cashin told CNBC. He attributed Tuesday morning’s drop in U.S. equities largely to Chinese stocks decliningand a Chinese official telling American investors that Beijing did not “fear” a trade war with Washington. However, the Dow Jones Industrial Average staged a
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The market has a problem: Many stocks are no longer rising on good earnings or guidance. It’s been known for a long time that the markets reward companies that raise guidance (or at least imply their growth will be stronger than expected) and punish those that don’t. But something different is happening this quarter. Companies
Check out the companies making headlines after the bell: Texas Instruments shares fell more than 5 percent during after-hours trading Tuesday as the company missed analysts’ estimates on revenue in its third quarter and announced weak fourth quarter guidance. The technology company reported $4.26 billion in revenue, missing analysts’ estimates of $4.3 billion. However, the
The launch date for Bitcoin futures on the Bakkt platform has been announced. Bakkt is a platform for trading, storing, and spending digital assets, and was created earlier in 2018 by Intercontinental Exchange—the parent company of the New York Stock Exchange (NYSE). Bitcoin Futures Launch Date According to a document released today, the launch date for trading
Pop over to CoinMarketCap and check Bitfinex’s page. You’ll see that the trading pair with the second-highest volume on the exchange over the past 24 hours – nearly $48 million at the time of writing – is USDT/USD: the tether stablecoin, which aims for parity with the U.S. dollar, and the U.S. dollar itself. From
See video below for how a landing pad will emerge from a rooftop pool on demand.Paramount Miami Worldcenter As cities become increasingly crowded, vertical living takes on a greater level of importance in people’s lives. Many of today’s buyers no longer see a condo as a temporary first step to the property ladder but are approaching multi-family
If there’s a case to be made for the Federal Reserve to hold fire on interest rate hikes, it’s happening now in the housing market and the stocks that track the industry. Homebuilder shares in the S&P 1500 recently sank 40 percent their mid-January high. The move mirrors the early 2004 tumble that ultimately foreshadowed
It all started with a tweet by Tesla’s CEO Elon Musk. i🖤anime — Elon Musk (@elonmusk) October 22, 2018 I know, you’re probably wondering, “what does this have to do with Bitcoin?” Let me get to that. Elon Musk and Bitcoin After the anime tweet, a user asked the tech entrepreneur when two-factor authentication would
Treasury Secretary Steven Mnuchin met Monday with Saudi Arabia’s crown prince, Mohammed bin Salman, despite the ongoing outrage over the killing of journalist Jamal Khashoggi in the Saudi Consulate in Istanbul, Turkey. State television in Saudi Arabia said Mnuchin and bin Salman met at 2 p.m. in the kingdom’s capital, Riyadh. Mnuchin on Sunday announced
Check out the companies making headlines before the bell: Kimberly-Clark – The consumer products company named President and Chief Operating Officer Michael Hsu as its new CEO, effective in January. He’ll replace Thomas Falk, who had been CEO since 2002 and will become Executive Chairman. Separately, company reported adjusted quarterly profit of $1.71 per share,
Coinmarketcap.com has a new listing in its top 100. As of Sunday, Ravencoin has been occupying the 58th spot thanks to a Binance listing and has sustained a growth of 118% since that announcement. Within ten days, the coin has grown its market cap from $212,000 to $49 million! This is a rather unbelievable rise of
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. There’s an early scene in “It’s a Wonderful Life,” that stalwart of holiday season TV
The Collective’s development in London, called Old Oak, offers studios with private kitchens and suites with shared kitchens for weekly and monthly fees, with utilities and WiFi included.Alice Whitby A European millennial is set to make shared-living space history in New York City. The Collective last week purchased a $450 million lot at 555 Broadway,
Rising mortgage rates may really start to hurt the economy, consumer spending and company earnings soon, CNBC’s Jim Cramer warned on Monday. “We’re going to see more and more bad earnings because [a] 5 percent mortgage is the end, that is the line in the sand,” Cramer said Monday on “Squawk on the Street.” “The
Get ready for holidays sales at Sears, which will be followed by the permanent closing of 142 stores. But what happens to anyone with a Sears Kenmore appliance and a possibly defunct warranty? “We are honoring our warranties, protection agreements and guarantees as normal,” the company said in a statement. If you need help with
Strategists expect China’s weakening currency to eventually fall through a key psychological level that could spark an even steeper drop and, no doubt, draw a new round of criticism from the Trump administration. The Treasury Department on Wednesday refrained from naming China a ‘currency manipulator’ in its biannual currency report, but it kept it on
Zebpay, India’s largest cryptocurrency exchange, is heading for Malta! Following in the footsteps of major platforms Binance and OKEx, the exchange has had no choice but to move its operations to the ‘blockchain island’ amid strict regulations in India. Zebpay Moves to Malta The exchange shut down its operations in India last month, due to
North Korea’s infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. According to an article published Friday by The Next Web, the coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571
A dreamy gallery wall that will help others achieve their dreams.Dustin Walker for Hutch Buying things for your home can feel just a little self-indulgent. After all, a sofa is a necessity, but the handmade coasters on your coffee table—not so much. However, with so many brands working with a variety of organizations that give back, you can
Nestled in a peaceful pocket of Scarsdale, New York sits an original, Dutch Colonial Home listed on the market for a relatively tame price of $1.395 million, reflecting a softening market in one of the Empire State’s wealthiest suburbs. While the house includes charming features — such as a picturesque, freshwater spring pond — what
The Dow Jones Industrial Average shed more than 1,300 points earlier this month in the most dramatic drop since February. If you are a client of Morgan Stanley Wealth Management, you may have received a message from your financial advisor. The purpose of the message would be to tell you exactly what happened in the
Check out the companies making headlines after the bell: PayPal stock jumped more than 7% percent after the market-close on Thursday following the release of its third-quarter earnings report. The payment company beat on both its top and bottom lines, reporting earnings of 58 cents per share on revenue of $3.68 billion, vs. analyst estimates
Litecoin transaction fees are set to be lowered by ten times in the next Core release. The team behind the seventh biggest coin by market cap revealed the news via a Medium post earlier today. Litecoin Transaction Fees Set to Lower Currently, the average Litecoin transaction fee equates to about $0.05 per KB. But the network’s
A global money-laundering watchdog has said it will begin publishing rules for international cryptocurrency regulation by next summer. According to a Reuters report Friday, the Financial Action Task Force (FATF) – the France-based intergovernmental body founded in 1989 to develop policies for tackling money laundering – said that global jurisdictions will have to bring into force licensing schemes
Bürgenstock Hotel & Alpine Spa in Switzerland nominated for Best Hotel Design One of the key ingredients with new hotel launches is the inspiration from some of the most influential designers in the world. When I enter a hotel lobby or suite, and it has a specific wow factor, it is attributed to these talented
The Treasury Department on Friday outlined rules for investors seeking to finance development in under-served regions in exchange for significant tax breaks. The proposed guidance would govern investments in so-called “opportunity zones” across the country that were created under the sweeping new Republican tax law. Treasury Secretary Steven Mnuchin estimated as much as $100 billion
The small-cap Russell 2000 index has seen better days. The group of stocks has fallen into a correction, and is currently on track for its worst month since January 2016. Here’s what three experts have told CNBC in the last week about the move. “The trade war is still top of mind. Small caps have
There’s plenty of talk that some aging unicorns might go public next year, including Palantir, Airbnb and maybe Uber. But if this market volatility continues into next year, they are either going to have to drop their prices dramatically, or postpone their IPOs. Simply put, the recent after-market performance of initial public offerings has been
Check out the companies making headlines before the bell: Procter & Gamble – The consumer products giant reported adjusted quarterly profit of $1.12 per share, exceeding estimates by 3 cents a share. Revenue also came in above Street forecasts and the company posted organic sales growth of 4 percent for its fiscal first quarter. Honeywell
Nicolas Maduro, Venezuela’s president, called on workers in his country to save money in gold and his cryptocurrency ‘The Petro’ during a salary shake-up Thursday. According to the local news source Noticiero Digital, in the next few weeks workers will be receiving their bonuses in the Petro coin, instead of fiat. Nicolas Maduro and The