ShutterstockShutterstock What I’ve learned from watching the real estate industry for the last few years is that traditional brokerages are caught in a shrinking space. It’s a space that will have less and less opportunity as the market continues to drive agents toward the outer limits. Successful brokerages will need to define what they’re offering
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The long list of housing headwinds is finally taking its toll on potential buyers. Housing demand fell 9.6 percent in June, compared with June 2017, according to a monthly index from Redfin. That is the largest decline since April 2016. Red-hot home prices, rising mortgage interest rates, very few listings at the entry level and
Webster Financial shares will thrive due to strong growth from its commercial banking and health savings account businesses, according to J.P. Morgan. The firm reiterated its overweight rating for Webster Financial’s stock and added it to J.P. Morgan’s focus list, predicting the bank will generate earnings per share above expectations next year. “We recently held
VANCOUVER, British Columbia, Aug. 03, 2018 (GLOBE NEWSWIRE) — AXS Blockchain Solutions Inc. (“AXS Blockchain”) (CSE:BAXS) (FRA: C0B), a leader in blockchain solution development, is pleased to announce that the board of directors has appointed Ashik Karim as Chief Executive Officer, and a director, effective August 3, 2018. Mr. Karim is currently and will also
Intercontinental Exchange (ICE), the Atlanta-based firm that owns the New York Stock Exchange, announced Friday that it plans to launch a digital assets platform and a bitcoin futures product. Called Bakkt, the platform will leverage Microsoft’s cloud to build “an open and regulated, global ecosystem for digital assets,” according to a press release. Effectively, it
Goldman Sachs appears to have mixed feelings towards Bitcoin. Earlier in 2018, the bank said it was planning on opening a BTC trading desk. Yesterday, a former Goldman Sachs executive said a Bitcoin ETF was possible. Yet, in the Goldman Sachs midyear economic-outlook report, Bitcoin was reported to decline even more than it has so
Share to facebook Share to twitter Share to linkedin Just a handful of long-term bond funds are cheap to own for a brief interval. Shutterstock If you want to make a bet on declining interest rates, shares in a fund that owns long-term bonds are a good option. This table ranks exchange-traded long-term bond funds on
(Photo by Mark Schiefelbein- Pool/Getty Images) The reason China is in Africa is simple; to exploit the people and take their resources. It’s the same thing European colonists did during mercantile times, except worse. The corporations owned by the Chinese state are trying to turn Africa into another Chinese continent. They are squeezing Africa for
Bitcoin (BTC) could be in for a minor bout of consolidation following an 11 percent drop from recent highs above $8,500. At press time, the cryptocurrency is trading at $7,570 on Bitfinex, having clocked a nine-day low of $7,469 earlier today. A minor correction was overdue, though, as BTC had looked overbought a week ago
The S&P 500 could take a run at a new all-time high in the week ahead, barring a nasty escalation in trade threats. Stocks were mostly higher in the past week, and the S&P 500 gained 0.8 percent to 2,840, just 32 points or 1.1 percent from its record set Jan. 26 at 2,872. The
Architect and designer Graham Hill has listed his latest micro-property, at 150 Sullivan St. in SoHo, on the market.Christopher Testani “Happiness is not about stuff,” minimalist renegade Graham Hill said in a recent interview: “It’s about relationships and connection and time.” Thus is the philosophy behind Hill’s desire to prove that it’s possible to live
Seattle has been arguably one of the hottest housing markets in America, with home prices rising annually by double digits fueled by scorching demand. There is, however, one outside force that is starting to throw cold water on all that heat: new weakness from once-intense Chinese buyers. The Pacific Northwest city has been one of
The Fed is confident in the economy now, but by next year it may have to slow interest rate hikes and it may have to stop paring back its balance sheet, according to Rick Rieder, BlackRock’s chief investment officer for fixed income. The Fed held rates steady this past week and tweaked its language on
In today’s edition of Crypto Daily News, we’ll cover why Bithumb has dropped nearly 40% in its trade volume and why Bitcoin (BTC) was unaffected by the NYSE news. Crypto Daily News: August 3rd, 2018 Bithumb Sees Slump in Trade Volume The world’s 13th largest cryptocurrency exchange by its current trade volume, Bithumb, has dropped
A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE). U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be listed on the LSE. The company raised £5 million (about $6.5 million) more than its initial
Bitcoin for coffee. It has a nice ring to it. But actually using Bitcoin (BTC) to buy coffee? Turns into a big mess real fast. However, that might be about to change. Starbucks just hinted that it might soon have a way to make using BTC to pay for coffee a whole lot easier for
Jerome Powell, chairman of the U.S. Federal Reserve. The future actions of the Fed will have a key impact on bond markets. Photographer: Andrew Harrer/Bloomberg We’re now firmly into a rising interest rate cycle in the U.S. With several bond metrics approaching extremely levels relative to recent history, here are a few things to be aware of, and
Tax and financial advisory firm RSM estimates that a full-scale trade war will cost the U.S. over $1 trillion. (Shutterstock) Wars aren’t free. That includes trade wars. The Trump Administration is currently fighting a trade war with China, but also has tariffs on goods coming from Russia and Brazil. And trade relations with the European Union,
Bitcoin’s (BTC) price pullback from the recent highs above $8,500 is increasingly looking like a short-term bear market on the technical charts. The leading cryptocurrency fell to a two-week low of $7,282 earlier today on Biffinex and was last seen trading at $7,350 – down 3 percent on a 24-hour basis. The sell-off from the
Investors were excited about Apple hitting a $1 trillion market value, but it’s unlikely to result in the one thing the trading community really wants: higher volumes. It’s no secret that trading volumes have been stagnant for years. But that doesn’t mean no one is trading. The dollar volume of trading — the amount of
Goldman Sachs is not optimistic for the near-term fate of cryptocurrency. In its mid-year economic report, the bank’s investment management group highlighted “cryptocurrency mania” as one of six factors creating an unsteady undertow affecting markets for the remainder of 2018. “We expect further declines in the future given our view that these cryptocurrencies do not
So far, through the first half of 2018, existing-home sales are down just a tad by 2.2% while new home sales are up 7.4%. Home prices continue to move higher by 5%. Distressed property sales have fallen to historic lows, comprising only 3% of total sales in recent months. The one area of concern is
Home sales have slowed down this year in the Hamptons, the Long Island beach communities that serve as a summer playground for the wealthy of New York, bringing the median price below the $1m mark. Second-quarter sales fell 12.8 percent from 2017 levels, according to data prepared for Douglas Elliman by Miller Samuel Real Estate.
CNBC’s Jim Cramer gives billionaire entrepreneur Elon Musk high marks for recognizing the need to apologize to the Tesla analysts he dissed three months ago. On Wednesday’s post-results conference call, Musk said, “My apologies for not being polite on the prior call.” The Tesla co-founder and CEO also promised future profitability, after the electric automaker
In today’s edition of Crypto Daily News, we’ll cover Coinbase adding the British Pound to its trading pairs and John McAfee’s “unhackable” Bitcoin wallet that gets, well, hacked. Crypto Daily News: August 2nd, 2018 Coinbase Supports the Pound Starting today, Coinbase customers in the UK will be able to seamlessly move GBP in and out
Tokens on the blockchain protocol neo may be indivisible – but it’s becoming apparent that its community is not. Perhaps ironically, it’s the very notion of indivisibility that has proved contentious to the coin’s investors and users in recent weeks. More specifically, a Github proposal to change the structure of the NEO token – one
Share to facebook Share to twitter Share to linkedin These 15 funds are the cheapest in their categories for short-term speculations. Shutterstock Owning a bond fund is one way to bet on a decline in interest rates. The table ranks the cheapest exchange-traded funds for three-month holding costs on a $10,000 investment. 3-month Holding Cost*
The author owns shares in AP Moeller-Maersk, CVS Health, Jardine Matheson, the PIMCO 15+ Year U.S. TIPS Index Fund and the SPDR Gold Trust. The trend is your friend is an investment adage that is usually associated with short term traders, employing technical analysis or other momentum strategies. It can also apply to thematic investors seeking to
Having defended the key support of $7,455, the bitcoin bulls now need a quick move higher in order to neutralize the threat of a short-term bearish reversal. As of writing, the cryptocurrency is trading at $7,560 on Bitfinex – down 11 percent from the recent high of $8,507. However, that still marks a gain of
Halfway through the year, ETF investment flows have been strong, but not like last year. Through June, $148 billion has flowed into the U.S. exchange-traded fund business, a respectable 4 percent increase in assets under management. The U.S. ETF business is now valued at a little more than $3.6 trillion, but the inflow is a