Share to facebook Share to twitter Share to linkedin This satellite image from the National Oceanic and Atmospheric Administration shows Hurricane Michael inching closer to the Florida coast.Courtesy of NOAA As thousands flee the Florida Panhandle in anticipation of Hurricane Michael’s landfall, a major question looms: where will they all go? With prolonged rain and
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Other than watching reports of rising interest rates, mortgage lenders and brokers probably weren’t very busy last week. Mortgage application volume fell 1.7 percent for the week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 15 percent lower compared with a year ago. Extremely weak demand for mortgage refinances has been driving
The cannabis industry’s rapid evolution and new strategic partnerships with mainstream brands reveal a far larger possible market for legal marijuana than investors and analysts first anticipated, according to Cowen. “With cannabis, you’re talking about this massive step change in terms of the addressable market,” Vivien Azer said on CNBC’s “Squawk Box” Wednesday. “You’re bringing
Bitcoingambling.io, a site that caters to those in the cryptocurrency gaming niche, has officially added support for additional currencies. Sometimes called altcoins or alternative currencies, these coins can provide benefits to the user over using Bitcoin such as faster transaction times or even anonymous spending, as with Monero. The site, founded in 2014, was originally
Cryptocurrency exchange Gemini has hired another Wall street executive as part of its bid to attract more institutional clients. Announced in a press release, the New York-licensed exchange said that Jeanine Hightower-Sellitto – previously chief operating officer at the Nasdaq-owned International Securities Exchange (ISE) – is joining the firm as managing director of operations on
Market observers have been puzzled by a recent phenomenon. As bond yields rose last week, tech stocks underperformed. But some stocks that act like bond proxies have done the opposite of what might be expected: They are rising. Since Wednesday’s close, the yield on the 10-year Treasury bond is up about 16 basis points. The
Check out the companies making headlines after the bell: Nio shares jumped more than 9 percent in after-hours trading, continuing the electric vehicle company’s 22 percent gain during the trading day. On Tuesday, investment management firm Baillie Gifford & Co. disclosed that it owns 85.3 million shares of Nio, an 11 percent stake in the
Bitcoin saw a low-volume bullish breakout Monday, but the long-awaited move is sending mixed signals to investors The leading cryptocurrency cleared the trendline sloping downwards from the July 25 high and Sept. 5 high around midday yesterday, adding credence to the argument put forward by many, including billionaire investor Novogratz, that the market has carved
Amber Mark from her forthcoming music video with W Hotels Worldwide for the launch of W RecordsJames Arthurs W Hotels, the modern luxury hotel chain under Marriott International’s portfolio, announced last week the creation of W Records, its in-house recording label. Akin to a “small but powerful independent label”, W Records will sign emerging artists
Some of us out there still remember when the average rate on the 30-year fixed mortgage hit 9 percent, but we are not the bulk of today’s buyers. Millennials, now in their prime home buying years, may be in for the rude awakening that credit isn’t always cheap. The average rate on the 30-year fixed
Snap’s list of worries is growing longer: It’s strapped for cash and will likely be forced to raise capital as early as mid-2019, according to one Wall Street research firm. “While it is obvious that Snap wasn’t prepared for life as a public company, it now has a more pressing problem. It is quickly running
Most of the cryptocurrency market is trading in the red this morning, but the movement is trending upwards, and coins are beginning to flip green. Stellar (XLM) is just at the cusp of making the transition to positive market gains, but XRP, the coin created by Ripple, is falling far behind. Let’s take a closer
Two blockchain veterans are gearing up to launch what could be the first cryptocurrency exchange in the Persian Gulf to be licensed by a central bank. Revealed exclusively to CoinDesk, Rain Financial has opened its public waiting list after a year in the Central Bank of Bahrain’s fintech sandbox. Co-founded by Saudi blockchain consultant Abdullah
Check out the companies making headlines after the bell: Tesla shares rose 1 percent in after-hours trading after investment firm Macquarie gave the automaker an ‘outperform’ rating and a price target of $430. Tesla shares closed at $250.56 on Monday. Edwards Lifesciences stock rose 1 percent in the extended session after announcing the start of
Kimberly Johnson joined Fannie Mae in 2006. As such, she was with the company when it went through its most trying time in the wake of the 2008 economic crisis. She was part of the team that led the company back from the brink in roles of increasing responsibility from Vice President of Capital Markets
Beer on tap might seem like something you’re more likely to find in a Silicon Valley start-up than at a financial institution, but that could change with WeWork’s latest endeavor: Powered By We. The co-working giant, valued at around $20 billion, is seeking to diversify its offerings beyond individuals and small businesses, moving into working
Apple shares will rally because the company will benefit from falling component costs for its phones, according to Citi Research. The firm raised its price target to $265 from $230 for Apple shares, predicting the smartphone maker will report earnings per share above expectations next year. The new forecast represents 18 percent upside to Friday’s
Bitcoin is a distributed, worldwide, decentralized, digital money. The advantage of Bitcoin is that there is no central authority like a bank, company, or government issuing Bitcoin. Bitcoin might be intimidating to most restaurant owners because it’s not integrated with most POS systems. For retailers and POS companies, Bitcoin is a better alternative to credit
Bitcoin price volatility continues to drop, with one measure having reached a 15-month low. Weekly volatility, as calculated by the difference between the high and low, fell to $317 last week – the lowest reading since the first week of July 2017 – according to Bitfinex data. More importantly, the leading cryptocurrency witnessed a trading range
David Swensen, who’s known as Yale’s ‘Warren Buffett’ because of his investing success with the university’s endowment, is making his first big bets on cryptocurrency following the recent swoon in the price of bitcoin and other digital currencies. Swensen, who is chief investment officer of Yale’s $29.4 billion endowment, has invested in two venture funds
Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington’s Milestone Celebration in Washington, Thursday, Sept. 13, 2018. Bezos’ Washington visit sparked speculation about the upcoming decision on Amazon’s HQ2 location. (AP Photo/Cliff Owen) Thirteen months into the international derby that is the Amazon HQ2 selection process, it seems the end of
Eduardo Eurnekian, a billionaire Argentine business mogul, is selling his luxurious seven-story New York City house for $50 million. And for the security conscious homeowner, it comes with a very unique perk. The 10,400-square-foot modern midrise is located east of Central Park in Lenox Hill, with six bedrooms and eight baths. Take a look: Source:
There’s a growing risk that trade tensions between the world’s two largest economies may converge with other factors to disrupt the global economy — and knock the historic U.S. stock market rally off its stride, according to one of the world’s leading authorities on Asia. Yale University senior fellow Stephen Roach is worried the US-China
If you’ve been following the news and tendencies of the crypto world, you should certainly know about Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. Designed to make blockchain-supported transactions more transparent and secure, these procedures have been frequently subject to criticism. But what led to such pervasive criticism? And what is so controversial
People want to use Augur, if only they could figure out how. The decentralized platform for prediction markets based on real-world events launched on the ethereum blockchain in July. Since then, it has generated excitement beyond the usual crypto circles due to its perceived potential as a trustless, un-censorable platform to bet on sports, forecast
Check out the companies making headlines before the bell: Snap – CEO Evan Spiegel told employees the company is focused on achieving profitability in 2019, according to a memo sent to employees seen by CNBC. The memo also outlined other problems with the company’s app and apologized for its redesign, which Spiegel said was “rushed.”
Pittsburg has the lowest housing prices among Amazon HQ2 contenders Here’s Amazon’s HQ2’s potential impact on the winning city’s real estate market according to realtor.com. Jeff Bezos has promised to announce which U.S. city will be home to Amazon’s HQ2, by year-end. As realtor.com sees it, the location Amazon chooses will impact the local housing
17 Hours Ago Ten years ago, he was an out of work actor and sometime hand model. Desperate for a job to stay in NYC he got a real estate license. Today Ryan Serhant is a real estate mogul, reality TV star and author. In “Sell it Like Serhant” he explains the skills he learned
Good news: No one hit all winning numbers in Friday night’s Mega Millions drawing. Even better news: The jackpot amount has now surged to $470 million. Between that purse and a $253 million Powerball haul, a whopping $723 million is up for grabs in the next drawings. That will be on Saturday night for Powerball,
This article covers the take of 5 experts from diverse fields of blockchain technologies on widely discussed blockchain trends. Since the inception of blockchain in the year 2008, the digital world has experienced a massive revolution. The blockchain technology has undergone a considerable evolution in a short period. It has been pushing limits and setting