This morning, Bitcoin (BTC) rose almost 10% in less than an hour. After the Bitcoin price jump, investors began dumping money into the other digital assets, causing the market to widely shift green. Bitcoin Price Movement Last week, Bitcoin had its first major sell-off in months, but this morning it rose nearly $600 in less
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If you’re on Medicare, it’s time to give your coverage a yearly checkup. The program’s annual enrollment period runs from Oct. 15 through Dec. 7, which is when you can make coverage changes that will take effect Jan. 1. During this autumn window, you can: • Switch to an Advantage Plan (Part C) from original
President Donald Trump has been unabashedly vocal in his criticism of the Fed’s interest rate hikes, but the president has been quiet on another important Fed policy that may also be a big factor behind the rise in longer-term rates that influence all sorts of loans, including home mortgages. On the surface, the Fed’s slow
Ripple (XRP) is making a dashing comeback this morning after the crypto market lost over $20 billion in value this week. Many of the other cryptocurrencies in the top 20 were seeing double-digit losses yesterday, as investors began dumping their digital assets. Now it seems most are making a comeback and XRP is leading the
Distributed though it may be, the EOS community has fought hard to remain united. As of June, two rival groups were briefly in competition to launch the official EOS blockchain (or mainnet) using code released by the company behind the protocol, Block.One. The standoff was resolved, and the EOS community launched a unified network later
Wayfair’s new Greyleigh collection looks just like Restoration Hardware.Wayfair Whether you’re looking at an Hermes Birkin Bag that “fell off the back of a truck,” Gucci sunglasses sold on the street or a round marble table on a pedestal—we all know nothing is quite like the real thing. But while fake fashion is often sold
Volatile price swings and plummeting valuations have been a reality for bitcoin investors of late, but those who own traditional equities haven’t been immune either. In fact, bitcoin and the S&P have correlated on and off for almost a year, each taking turns as the leading indicator. Bitcoin, the cryptocurrency advertised as digital gold due
Saving for retirement is hard. It’s even harder for those managing student loan bills. All in, student debt reached a record $1.5 trillion this year, according to the Federal Reserve. And that debt burden has taken a heavy toll on many Americans’ nest eggs. Right from the start, college graduates who have student debt have
With stocks down significantly, corporate buybacks could help stabilize the market. Buybacks have been one of the big stories supporting the market this year. DataTrek estimates that in the last 12 months, the companies in the S&P 500 have purchased $646 billion of their own stock, 29 percent more than the previous 12 months. And
After the wildest market week in months, investors are looking to U.S. corporate earnings season to soothe frayed nerves in the coming week. Stocks sold off sharply in the past week, and even with a bounce back on Friday, the S&P 500 was down 4.1 percent. A sudden jump in interest rates and worries about
Bithumb, one of the largest cryptocurrency exchanges in South Korea by its daily trade volume, has sold more than 38 percent of its ownership to a blockchain consortium in Singapore, Coindesk Korea reported this morning. The stake was sold for 400 billion won, or $350 million USD. Stake Sold Bithumb signed the deal on October
A U.S. crime-fighting agency is urging domestic exchanges to help prevent the Iranian regime from using cryptocurrency to bypass economic sanctions. The Financial Crimes Enforcement Network (FinCEN) published an advisory Friday, stating that Iran’s ”illicit and malign” use of cryptocurrency to “exploit” the financial system includes at least $3.8 million-worth of bitcoin-denominated transactions every year. “While the use
(Photo by Eduardo Munoz Alvarez/VIEWpress/Corbis via Getty Images) For decades, retail pioneer Sears ruled the US retailing industry. Its mail order catalogues and retail stores captured the hearts and wallets of middle-income Americans. That’s how Sears hit one landmark after another. In 1945, the company crossed $1 billion, the equivalent of $13 billion in today’s prices.
Rising prices and accelerating interest rates are a “one-two punch” to homebuyers, Lennar Executive Chairman Stuart Miller told CNBC on Thursday. “The combination of both higher prices … together with the acceleration and adjustment of interest rates — that is a one-two punch to what our buyers purchase, which is basically [a] monthly payment,” Miller
After Thursday’s range breakdown, the prospects of a deeper drop in BTC prices have increased, the price-volume analysis indicates. The leading cryptocurrency, which traded in a sideways manner since Sept. 22, fell sharply to a three-week low of $6,220 on Bitfinex yesterday, confirming range breakdown. The technical indicators on the daily chart also turned bearish,
Share to facebook Share to twitter Share to linkedin Front YardEngel & Volkers Model Elle Macpherson must be great at negotiation. She recently purchased a 7-bedroom, 6.5-bathroom spacious contemporary in Coral Gables, Florida for much less than its asking price and a mere fraction of the $53 million she reportedly received in her divorce settlement
Magdalene Altidor lost her home to foreclosure during the subprime mortgage crisis, but this week she was first in line at a four-day event in Miami where borrowers with poor credit were offered no-down payment, low interest rate loans. “I left home, it was about 4am,” she laughed. “I’m ready to purchase a home.” The
This week’s tech wreck hasn’t deterred TradingAnalysis.com founder Todd Gordon from his bullish bet on Apple. “You don’t see the decline in Apple that we’ve seen in the Nasdaq,” Gordon said on CNBC’s “Trading Nation” on Thursday. “You can see this shelf of support is really holding in Apple just around the $215 mark so
Wow. It is a solemn day for cryptocurrencies everywhere! According to CoinMarketCap, the market is experiencing a big crash with most coins seeing double-digit losses. I wish I could be bringing a lighter tone to this grey picture, but another fraudulent ICO has been shut down by the SEC earlier today. Is such market volatility
Investors will soon be able to trade litecoin on the Winklevoss brothers-founded cryptocurrency exchange Gemini. The exchange announced Friday that it would soon enable deposits and trading for litecoin (LTC), adding the early bitcoin spin-off to its existing offerings of bitcoin, ethereum and zcash. Vice president of engineering at the firm, Eric Winer, wrote in
The cryptocurrency market took a huge hit nearly 12 hours ago when Bitcoin (BTC) abruptly dropped over $200 in value within minutes. After BTC dropped, a widespread cryptocurrency sell-off took place and hasn’t slowed down since. Cryptocurrency Sell-Off According to CoinMarketCap, Bitcoin (BTC) is currently trading at $6,264.43 a coin, down -4.63%. Most of the
Tech stocks are getting slammed, but other parts of the market are holding up much better. The Nasdaq is having its worst month since January 2016. But while Wednesday’s drop was large, for much of the tech sector, this was the culmination of a months-long sell-off. FAANG stocks, for example, hit their highs as a
If stocks are going to make a comeback Friday, it could have a lot to do with J.P. Morgan Chase. The bank, along with Wells Fargo and Citigroup, is set to release earnings. But J.P. Morgan, the crème of the banking sector is the one to watch, particularly during its conference call in the hour
“Everything dies, baby that’s a fact. But maybe everything that dies some day comes back.” That’s Bruce Springsteen for you. Singing about Atlantic City (the song, of course, is “Atlantic City”)—a town seemingly stuck on an Edge of Tomorrow-esque cycle of life, death, and rebirth. It’s also the story of the Hard Rock Hotel &
Let the daydreaming continue. After no one picked all the winning numbers in Wednesday night’s Powerball drawing, the jackpot has jumped to $314 million. Between that and Mega Millions’ $548 million top prize, a whopping $862 million is waiting for winners in the next drawings — Friday night for Mega Millions and Saturday night for
The forex market is undoubtedly the largest and most liquid market in the world. With a broad spectrum of individuals actively trading in pursuit of fast and easy money. The market runs 24 hours a day, 7 days a week, and in all corners the world. Now, as if forex is not dynamic enough, cryptocurrencies
Bitcoin’s drop to three-week lows today has likely kick-started a bearish move towards the major support at $6,000, technical charts indicate. The leading cryptocurrency fell to $6,252 on Bitfinex – the lowest level since Sept. 19 – and was last seen trading at $6,300, representing a 5 percent drop on a 24-hour basis. The failure
The earnings picture is getting complicated. As earnings season kicks off Friday, investors are debating the impact of an unusually large number of variables, including higher rates, higher raw material costs, weaker foreign currencies, tariffs and weaker demand from China. One thing’s for sure, investor attention is focusing away from third- and fourth-quarter earnings (both
The steepness of Wednesday’s stock market sell-off may have surprised investors, but a correction has actually been brewing in small cap and technology stocks all summer and the shakeout could continue. The latest trigger for the selloff was a jump in long-term interest rates, but strategists say the market is also concerned about trade wars
Bitcoin is having a tough time scaling a key moving average hurdle that has kept the bulls in check for four weeks straight. The obstacle that is proving so hard to beat is the 10-week exponential moving average (EMA), which stalled a rally attempt from around $6,100 in mid-September. Since then, BTC has notably failed