Bitcoin’s (BTC) drop below $8,000 yesterday may have tempered the positive mood in the market, but the broader outlook still remains bullish, technical charts indicate. The overnight drop in price came soon after the Securities and Exchange Commission’s (SEC) second rejection of the Winklevoss brothers’ application for a bitcoin ETF. While the decision may have
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Fifty percent of the S&P 500 has reported through Thursday, and several trends are apparent. Despite several high-profile misses like Facebook, earnings and revenues for the second quarter are higher than expected, and estimates for the third quarter are holding up. Earnings growth is running at 22.4 percent and revenues are up 8.6 percent. Here’s
The world’s largest cryptocurrency fell sharply after the U.S. Securities and Exchange Commission denied an application for what would have been the first-ever bitcoin ETF. Bitcoin dropped to a low of $7,798.70 Friday morning, about 6 percent below where it was trading before the news Thursday evening, according to data from CoinDesk. The cryptocurrency had
In Los Cabos you need two hands to count all the new luxury hotels that are opening up – Montage, St. Regis, The Luxury Collection, Ritz-Carlton Reserve, Nobu, and Four Seasons just to start. At Waikiki on Oahu, grand dames such as The Halekulani and Royal Hawaiian continue as mainstays, meaning that the opening of
Blackstone’s Jonathan Gray said the firm’s recent investments in warehousing should prove valuable as more and more consumers go online to shop. Gray, who became the firm’s president and chief operating officer earlier this year, explained that Blackstone has purchased more than 550 million square feet of warehousing since 2010. “As you think about investing,
Shares of Yum China shot up more than 16 percent on Thursday after The Information reported that Hillhouse Capital Group, one of China’s major investors in tech, is in talks to acquire the fast-food restaurant company. Yum China stock was briefly halted due to volatility. Hillhouse Capital, a private equity firm known for its investment
More and more countries, cities, and states are adopting blockchain technology. Malta already has, and so has Colorado—and for good reasons, too. Many have said that blockchain will one day surpass crypto, being the brains behind the operation. Until then, areas in the world are going to keep exploring the technology. This week, we saw
When a decentralized cryptocurrency exchange supports fiat tokens and courts banks, yet makes customer identification optional, all bets are off. According to data provided to CoinDesk by the blockchain project Waves, the company’s new decentralized exchange (DEX) was facilitating $6 million of crypto transactions a day at the end of its beta testing last month.
The U.S. Treasuries yield curve is flattening. Just about every time this has happened in the past, the U.S. economy has tanked shortly afterwards. Yet the chairman of the Federal Reserve, has just told Congress that he intends to keep gradually raising interest rates “for now”. Is this time different? Jerome Powell, chairman of the
The Pathway to American Energy Independence. Source: Shutterstock Although an MLP fund selling most of its MLPs might seem implausible, it represents a growing risk for their holders. MLP-dedicated funds are structured as corporations, which means they pay corporate taxes. They’re unique in this regard; few ETF or mutual fund investors stop to check
Bitcoin’s (BTC) 45 percent month-on-month rally has likely put the leading cryptocurrency on the path to a long-term bull market, technical studies indicate. As of writing, BTC is changing hands at $8,300 on Bitfinex, having clocked a two-month high of $8,507 on Tuesday. A month ago, it was all gloom and doom in the bitcoin
Check out the companies making headlines before the bell: Comcast – The NBCUniversal parent earned an adjusted 65 cents per share for the second quarter, 5 cents a share above consensus estimates. Revenue came in slightly short of Street forecasts. Comcast added 260,000 broadband customers during the quarter, the highest for a second quarter in
Shutterstock Navigating the real estate market as a first-time homebuyer can be daunting. After all, you’re making a huge decision and there are so many factors to consider. In an effort to help clear up the process, I went to the experts and asked real estate agents across the country to come clean and share
Record high home prices are taking their toll even on a market that is used to pricey properties. June sales of both newly built and existing homes in the San Francisco Bay Area dropped just more than 9 percent compared with a year ago, according to CoreLogic. The survey covers both single family homes and
Twitter shares have been on a tear, with a whopping 76 percent gain so far this year. The options market is predicting a double-digit move from the stock when it reports earnings Friday morning. Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” on Tuesday that Twitter’s move is expected to be
If you’re busy chasing after blockchain and crypto news, you might be overlooking the hottest new market of the past few months. This brand new market has great potential, and investing early can pretty much get you in the door to becoming a millionaire! The predicted sales for the product in North America alone is
Bitcoin’s (BTC) price has seen a $350 drop this morning from Tuesday’s two-month highs and may be headed for a short-term correction, technical charts suggest. As of writing, the leading cryptocurrency is trading at $8,220 on Bitfinex down 3.5 percent from the high of $8,507 reached yesterday. Today’s dip is not surprising and could be
House Minority Leader Nancy Pelosi speaks at a press conference at the U.S. Capitol July 23, 2018 in Washington, D.C.. Pelosi, Rep. Adam Schiff (left) (D-CA) and Rep. Eliot Engel (right) (D-CA) have introduced a resolution condemning U.S. President Donald Trump’s statements during the recent summit with Russian President Vladimir Putin in Helsinki. (Photo by
A once-reliable indicator of future recessions may be broken. The metric in question is the so-called treasury yield-curve which measures the difference in the cost of the government borrowing for two years and the cost of the government borrowing for 10 years. In the past, when the two-year interest rate on U.S. Treasuries was higher than
Bitcoin traders may have their eyes on a different kind of chart this week. That’s because Friday, July 27 is the date that bitcoin futures contracts offered by derivatives giant CME Group are scheduled to expire. A financial product that lets institutions and professional traders long or short the crypto asset (betting on its future
Earnings season, for the most part, has been outstanding. Companies are almost always beating numbers and at least maintaining or raising guidance for the full year. There are a few companies complaining about higher dollar and commodity costs (Illinois Tool Works, Kimberly Clark), but they are the minority. But that rosy outlook changed Monday night,
Senators Elizabeth Warren (D-Mass) and Bernie Sanders (I-VT) have introduced a new bill that would essentially wipe out tens of billions of dollars of Puerto Rico’s $73 billion in outstanding debt. The proposed legislation entitled the “U.S. Territorial Relief Act of 2018,” which counts Sen. Kirsten Gillibrand (D-NY), Edward J. Markey (D-Mass.), and Kamala Harris
Share to facebook Share to twitter Share to linkedin Dinosaurs, even the carnivorous kind, need to keep their lawns neat.Casey Lewis Real Estate Group Agents. What will they think of next? Sometimes they’ll perk up the listing photos of an empty house with pictures of a cute baby. Sometimes they’ll offer the services of an olfactory
Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8 percent year-over-year, as prices shot up to a record high, according to CoreLogic. The report covers Los Angeles, Riverside, San Diego, Ventura, San Bernardino
A major fight is brewing between Dunkin’ Brands and Starbucks, but only one is emerging victorious. Over the past two years, Dunkin’ shares have rocketed around 50 percent higher, while Starbucks has fallen more than 10 percent. Matt Maley, equity strategist at Miller Tabak, says Dunkin’s massive rally could be circling the drain. “It’s up
BitMart Exchange, a global digital asset trading platform, will soon be opening a new community listing market for their utility token, BMX. Projects will be able to obtain investment from supporters in the form of BMX and use it to list their tokens on BitMart Exchange as a trading pair for BMX. All transaction fees
Crypto investment startup Bitwise is seeking regulators’ permission to offer an exchange-traded fund (ETF) tied to the top 10 cryptocurrencies. The Bitwise HOLD 10 Cryptocurrency Index Fund ETF would track the returns on the startup’s HOLD 10 Index. That index is the basis for a passive investment fund which itself invests in the top 10 cryptocurrencies
Bitcoin (BTC) price has climbed above the $8,100 mark for the first time today since mid-May. Source: CoinMarketCap Big Week for Bitcoin Bitcoin’s bull run this week is leading many to predict a return of its 2017 bull run that pushed BTC to almost $20,000. Source: CoinMarketCap July 16th seems to have started this run
When the first read on second-quarter U.S. GDP data gets released Friday, its expected to be good enough to grab some big headlines. But no one is expecting the growth to be anywhere near as good as things got in the years under President Bill Clinton or those of President George W Bush. A battery pack is installed in a
Shutterstock San Francisco-based Bitwise Asset Management has filed a registration statement for a publicly-offered cryptocurrency index ETF with the Securities and Exchange Commission. The company said in a statement that the new ETF will track the returns of Bitwise’s market-cap-weighted index of the 10 largest cryptocurrencies, the HOLD 10 Index. It is intended to serve both