Stifel issued the highest Amazon price target on Wall Street Thursday, highlighting the company’s continued leadership in e-commerce and cloud services as critical to expectations of wider profit margins. Analyst Scott Devitt told clients to expect Amazon shares to rally to $2,525 from Wednesday’s close at $1,974.85 over the next year. The new target implies
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The world’s largest exchange by trading volume is changing its stance. Coinbase will begin to list more altcoins as it adopts a more ‘open-door’ process to coin applications. In a matter of weeks, we should see more Coinbase altcoins trading on the exchange. Coinbase Altcoins To date, Coinbase lists just five cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH),
Four months after first announcing the creation of a dollar-backed stablecoin, cryptocurrency finance firm Circle is releasing it to the world. Circle co-founders Sean Neville and Jeremy Allaire wrote in a blog post Wednesday that its USD Coin (USDC), developed with help from the company’s CENTRE affiliate consortium, would act as a mean to tokenize
Bitcoin (BTC) is on the defensive, having breached crucial support on Monday and could suffer a deeper drop, courtesy of a bearish crossover between key moving averages. As of writing, BTC is changing hands at $6,420 on Bitfinex, representing a 3 percent drop on a 24-hour basis. The bullish break above $6,600 witnessed on Friday
Check out the companies making headlines after the bell: Bed Bath & Beyond shares plunged 15 percent in after-hours trading after the company reported second-quarter earnings numbers that missed expectations. The company reported earnings per share of 36 cents, compared to the 50 cents per share expected by analysts. The company reported $2.94 billion in
Share to facebook Share to twitter Share to linkedin The listing of China hotpot chain Haidilao International Holding at the Hong Kong Stock Exchange today has lifted its two founding couples into the ranks of the world’s billionaires. Zhang Yong and his wife Shu Ping hold combined stakes worth $6.9 billion at today’s closing price of
Homeowners continued their rush to refinance, as mortgage rates jumped even higher last week. The new highs seem to be sending a message that this is the last chance for most borrowers to benefit from a refinance. Total mortgage application volume rose 2.9 percent last week compared with the previous week, according to the Mortgage
The Apple rally is about to get a whole lot sweeter, says TradingAnalysis.com founder Todd Gordon. Apple shares have rallied more than 10 percent since its market cap crossed $1 trillion for the first time ever in August, and according to Gordon, the stock could get a bigger boost following its earnings report in late
We’ve all heard the saying that “ignorance is bliss” at some point in our lives, but this term most certainly does not apply to the financial world. In the financial sphere, ignorance is risk, not bliss. It’s for this very reason that traditional financial markets are regulated. The US markets are more than happy to
A three-month long bitcoin price squeeze (BTC) could be nearing an end, with a key volatility indicator reaching its lowest level for 21 months. The leading cryptocurrency has charted lower price highs and lower price lows (pennant) since the end of June and the lack of strong direction bias has both bulls and the bears
The trustee for the now-defunct cryptocurrency exchange Mt. Gox has revealed new details about the pace of cryptocurrency sales as part of the firm’s bankruptcy and rehabilitation process. Attorney Nobuaki Kobayashi explained in a September 25 notice on the Mt. Gox website that over $230 million dollar’s worth of bitcoin (BTC) and bitcoin cash (BCH)
The cryptocurrency industry has a plea for Congress: Hurry up and regulate, please. More than 50 industry participants gathered on Capitol Hill for a roundtable discussion hosted by Rep. Warren Davidson, R-Ohio, Tuesday. Although attendees varied, none were from anti-establishment groups popular in the cryptocurrency space, nor did they include retail investors who bought bitcoin
Bennett Park is but one example of developers creating urban green space as part of multifamily developments.Related Midwest In this era of luxurious apartment community amenities, multifamily developers battle to top each other in devising new common-area extras, from poolside cabanas to state-of-the-art golf simulators. They’re very aware today’s renters are willing to sacrifice private
Home prices are still rising, but the pace of the gains continues to slow, as potential homebuyers hit an affordability wall and sellers cave to the new reality. Home prices rose 6 percent annually in July, down from the 6.2 percent gain in June, according to the S&P Corelogic Case-Shiller national index. The 20-city index
General Electric hasn’t seen these levels since Wall Street was in crisis. Its shares tumbled more than 3 percent on Monday to fall below $12. Its latest sell-off brought it to its lowest level since July 2009 when the S&P 500, was still trying to climb out of the pit created by the financial crisis.
Cameron and Tyler Winklevoss have made a name for themselves as US Olympians, but the twins are now also well known for being involved in the crypto space. The pair owns the Gemini Exchange, which is based out of New York. The Gemini Trust Company was formed back in 2014 and is among the top
A new report from the Bank of International Settlements (BIS) contends that bitcoin markets are swayed by news events related to regulation. “While cryptocurrencies are often thought to operate out of the reach of national regulation, in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions,” argues the report,
Bitcoin has pulled back from 17-days highs clocked over the weekend and risks losing bullish bias if prices close below $6,600, technical studies indicate. A break below that level will make it far harder for the bulls to force a major upside breakout above the crucial resistance at $6,970. However, if prices hold above $6,600 in
Check out the companies making headlines after the bell: CenturyLink shares fell about 4 percent in after-hours trading following news that CFO Sunit Patel has resigned from the telecom company, effective Sept. 28. VP of Finance Neel Dev will act as the interim CFO until a permanent replacement is found. Patel will join T-Mobile US
Walk-in clinics serving needs from physical therapy to women’s health are increasingly the cure for empty retail storefronts.HSA Commercial Real Estate With an epidemic of empty storefronts increasingly infecting shopping malls and urban retail districts, landlords have sought with growing urgency to remedy the contagion. Many feel they now have with a concept called “medtail,”
Satellite radio company SiriusXM is acquiring music streaming service Pandora in a $3.5 billion all-stock deal, the companies announced Monday. Pandora shares rose 14.4 percent in premarket trading from Friday’s close of $9.09 a share, while Sirius stock fell 1.4 percent from its previous close of $6.98 a share. This story is developing. Please check
Bitcoin price is on a bull-run right now. In fact, the entire crypto market seems to be making a bullish turn as sharp gains can also be seen across a number of altcoins. At the time of writing, Bitcoin is up 4.6% on the 24-hour basis and is currently trading at $6,733 according to coinmarketcap.com
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 are shifts at ShapeShift and not everyone’s happy with them. When the token exchange
Simple trading methods like the trend-following approach work best when trading cryptocurrencies or financial markets in general. While several technical indicators help identify changes in the strength, momentum, and duration of a trend, none are simpler and more widely used than the Moving Average Convergence Divergence (MACD). By definition, the MACD “turns two trend-following indicators,
Check out the companies making headlines before the bell: Micron Technology– Micron reported adjusted quarterly profit of $3.53 per share, beating the consensus estimate of $3.34 a share. The chipmaker’s revenue also topped forecasts, however the stock erased an initial gain after company executives said U.S. tariffs on China goods would impact its financial results
Polish Zloty currency notes and coins are seen in this arranged photograph in Wroclaw, Poland. (Photographer: Bartek Sadowski/Bloomberg). In just a few days time, Poland will see its capital markets promoted to Developed Market status from Advanced Emerging by FTSE Russell, a leading index provider that is part of the London Stock Exchange Group (LSEG).
Home builders are worried about affordability, but firm demand is holding that concern in check, for now. Home builder sentiment in September held steady at 67 on the National Association of Home Builders/Wells Fargo Housing Market Index, or HMI. Anything above 50 is considered positive sentiment. Home builder sentiment is up from 64 one year
Mom-and-pop investors hoping to jump on the next hot tech start-up before it goes public may soon get their wish — and it could cost them. In August, Jay Clayton, chairman of the U.S. Securities and Exchange Commission, spoke at a conference in Nashville, outlining plans that would make it easier for individuals to invest
Ripple (XRP) just passed Ethereum (ETH) this morning to take the second-largest cryptocurrency spot. Except, a few hours later Ethereum enthusiasts shot back and Ethereum re-gained its #2 spot. Ripple (XRP) Comeback XRP is among the group of worst performing cryptocurrencies this year, but it seems to be making a comeback. In the summer, it
A recent report published by the New York Office of the Attorney General (OAG), which claimed several cryptocurrency exchanges it investigated are vulnerable to market manipulation, has drawn backlash from industry players. In a blog post published Thursday, Coinbase’s chief policy officer, Mike Lempres, wrote that the OAG’s assertions in the report have led to misrepresentation of