Each new Starbucks boosts the value of housing prices in a neighborhood. And not by an insignificant amount. This data point is revealed in a broader study on gentrification by the Harvard Business School that relied on information from Yelp, the online restaurant review platform, and the United States Census. A new Starbucks introduced into
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Blackstone is predicting a market surge that could take out its S&P 500 year-end target earlier than expected. According to the firm’s investment strategist Joseph Zidle on CNBC’s “Futures Now,” there’s a high probability the index will break through 3000 within the next couple of months. “What we have left for the rest of the
For many, the first step into the world of cryptocurrencies is by way of an exchange, which is essentially a marketplace that allows users to both buy and sell various cryptocurrencies. In many ways, it’s similar to the process of buying and selling stocks via a stock exchange, but it differs in one fundamental way. There is
New to crypto trading? Read CoinDesk’s full set of guides. If simple moving averages are your game as a crypto-trader, it’s time to take it to the next level for this week’s Crypto 101 guide. Last time, we discussed simple moving averages (SMAs), and in this segment, we will look at a strategy utilized by
August’s surprise jump in wages could be a sign of more wage growth ahead — good news for workers and a green light for the Fed when it comes to interest rates hikes. The workforce expanded by 201,000 in August, 10,000 more than expected, but the big surprise was in the 0.4 percent increase in
The silos of Silo RidgeDiscovery Land Company When it comes to private real estate communities that combine stunning natural beauty, sophisticated homes and the over-the top amenities you’ll find at the Yellowstone Club’s private ski resort in Montana, or the exquisite oceanfront community at Baker’s Bay in the Bahamas, it’s pretty hard to top the
Homebuyers and homeowners don’t have much incentive to call a mortgage lender right now. Mortgage interest rates are stuck near recent highs and are beginning to rise again, further weakening home affordability. Those factors left mortgage application volume basically unchanged last week, falling 0.1 percent compared with the previous week, according to the Mortgage Bankers
If you are looking to to pull cash from your 401(k) plan or traditional IRA without getting hit with a penalty, the IRS will allow you to do it. Generally, taking an early withdrawal from a qualified retirement account — that is, cashing out either of those accounts before age 59½ — results in a
Fintech startup Robinhood offers stock, option, and cryptocurrency trades with zero fees. In an ambitious task, it will soon launch an Initial Public Offering, or in other words a Robinhood IPO. In light of this, the company is on the hunt for a chief financial officer (CFO) as it takes steps to go public. Robinhood IPO
Opera now allows users to send crypto collectibles, such as CryptoKitties, directly from its recently announced in-browser crypto wallet. Claiming the feature is a first for the industry – although other wallets do offer collectibles support, including MetaMask – the company said in a blog post today: “We believe that as an increasing portion of our lives moves
Short sellers betting against Tesla made more than half a billion off the stock’s slide on Friday. After a bizarre video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than
A lanai at Luana Villas at Honua Kai Resort & Spa in Ka’anapali.Luana Villas In 2017, 48 homes on Maui sold for $3 million and up, a volume increase of 14 percent in the luxury sector from 2016. When you look at other high-end markets, especially oceanfront opportunities in places like the Hamptons and Miami,
It is easily the question most asked by anyone moving into their first home or downsizing into retirement. Should I buy or should I rent? For nearly a decade the answer has been buy. The crash in home prices, combined with record-low mortgage rates made buying and owning a home both cheaper than renting one
When CNBC’s Jim Cramer heard from a caller weighing the pros and cons of investing in Home Depot, Lowe’s and Floor & Decor, he wondered why things needed to be so confusing. “Why do we overcomplicate things? We’ve got Home Depot. We’ve got a new manager who’s real good at Lowe’s and we’ve got Floor
George Weiksner was only 11 years old when he launched his own crypto gaming company last year named Pocketful of Quarters. Yesterday, Weiksner announced via Market Watch that he has just signed on Grammy-winning producer Devo Harris to begin crowdfunding his initial coin offering (ICO). Devo Harris on Board Harris has worked with artists such
Cryptocurrency exchange startup Quoine has launched a new trading platform that it says will bring much needed liquidity to the crypto markets. Called Liquid, the new service is a cryptocurrency trading “portal” that provides users with access to what it claims in a press release is “a worldwide network of cryptocurrency exchanges.” With a lack of liquidity
If you’ve been monitoring the cryptocurrency market on a daily or weekly basis, you probably noticed that the market took a big nosedive this week. This is mostly due to the rumor going around mainstream media about Goldman Sachs (NYSE:GS) putting a stop to its Bitcoin exchange desk—a rumor that the Goldman Sachs CFO put a
The number of short orders placed on ether (ETH) reached a new all-time high during Friday’s trading session, according to data from the cryptocurrency exchange Bitfinex. At approximately 10:00 UTC Friday, the number of shorts placed on ETH/USD, the world’s second largest cryptocurrency by market capitalization, surpassed the prior mark of 202,854 to ultimately reach
If you wanted a front seat to the financial crisis, you couldn’t have done better than the floor of the New York Stock Exchange, which is where I was in the summer of 2007 and into 2008. The government’s refusal to bail out Lehman Brothers forced it to file for bankruptcy on Sept. 15, 2008,
Technology stocks had their worst week since March, and they could remain in the crosshairs, particularly if the Trump administration unveils new tariffs on China. Strategists say inflation and trade are two major themes markets will have to navigate in the week ahead, after August’s surprise jump in wage growth and as investors await the
It could be you in the pool at Selina in Playa Venao, PanamaSelina Selina is 29 years old, Latin American, “honest, humble, beautiful, hosts you, hugs you. You want to be with her.” This Millennial traveler is the brainchild of Israelis Rafi Museri, Daniel Rudasevski, and Daniel’s wife, Natalie, who came up with the name;
The share of bankruptcy filers who are older than 65 is the highest it’s ever been. As the cost of living outpaces incomes, healthcare costs rise and debt swells, there’s been more than a two-fold increase in the rate of older Americans filing for bankruptcy, according to a new study. “For an increasing number of
Wall Street may be whirling about Facebook and Twitter’s brushes with Congress, but CNBC’s Jim Cramer doesn’t believe the hype. “I’ve got a sneaking suspicion that the so-called experts who bloviate about the death of advertising on the web don’t actually, you know, communicate on the web,” the “Mad Money” host said Thursday. Cramer argued
In today’s edition of crypto daily news, we’ll look at a new survey that shows that 80% of Americans have heard of Bitcoin, as well as at the details of Twitter looking in blockchain technology. Crypto Daily News: September 6th, 2018 Survey Shows 80% of Americans Know about Bitcoin Published today by the polling firm
U.S.-based cryptocurrency exchange Kraken has denied a rumor that has emerged on social media claiming the firm is shutting down operations at one of its service centers amid a security issue. Reddit user “throwaway34034324″ posted a thread on Thursday claiming that the exchange is closing operations in Halifax, Canada, and has ”just laid off hundreds of people
Bitcoin’s (BTC) double-digit drop may have sent the bulls packing, however, a long-term bearish reversal is still not confirmed, technical studies indicate. At press time, the leading cryptocurrency is changing hands at $6,422 on Bitfinex – down 13 percent from the previous day’s high of $7,404. Notably, BTC has erased gains made in the last
Popular stock-trading platform Robinhood is preparing to go public. The company’s CEO Baiju Bhatt said Thursday that in the “medium to long-term” the company will look to do an initial public offering, or IPO. “It’s something we think is very much in the future. Being a public company closely aligns with our mission,” Bhatt said
Customers sit outside as they dine at a restaurant on Club Street in the Chinatown area of Singapore in August 2014. (Photo: Bryan van der Beek/Bloomberg) Singapore’s property market boasts some varied clusters of charming and iconic dwellings scattered around the island state. Known as shophouses, these two- or three-storey colonial-era buildings were largely neglected
The glitz and glamour of summer box-office hit “Crazy Rich Asians” sought to shine a light on an exclusive subgroup of the wealthy elite. But, instead, it pointed to a fast-expanding proportion of Asian society. That’s according to a new report from data firm Wealth-X, which found that Asia is now creating more ultra wealthy
Lululemon Athletica’s late-August earnings blowout — which sent the stock up 13 percent the following day — was “stunning” to witness for CNBC’s Jim Cramer. “We’ve seen a lot of great retail quarters this earnings season, but LULU puts them all to shame,” the “Mad Money” host said Wednesday, comparing the results to “a pitcher