Bitcoin (BTC) has had a bullish start to the week, but the momentum could wane in the next few days, technical studies indicate. The leading cryptocurrency rose to a two-month high of $8,130 on Bitfinex today, having witnessed an inverse head-and-shoulders breakout last week. The 40 percent rally from the seven-month low of $5,755 reached
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Fintech company Square is boosting its small-business lending with an eBay partnership announced Tuesday morning. Square Capital, the lending arm of the payment start-up, will be available to eBay sellers looking to expand their business operations. Starting in the third quarter, merchants on the site can apply for a loan as small as $500 and
Shutterstock Thanks to a new strategic partnership, homebuyers in 15 states can now see faster (and fully digital) closings on real estate transactions. As of this morning, digital notary platform Notarize has partnered with Title Resources, a national title company, to offer electronic notarizations to its customers. The deal opens the door to 100% digital
The nationwide housing shortage continues but is especially troublesome for homebuyers with a budget of $250,000 or less, Susan Wachter, professor of real estate and of finance at the Wharton School of Business at the University of Pennsylvania, told CNBC on Monday. Rising labor, land and material costs are slowing down the supply, “except at
Sarissa Capital Management chief investment officer Alex Denner spoke with CNBC Pro for an exclusive interview from the Delivering Alpha Conference in New York, and detailed his case for investing in Biogen. Like other shareholder activists, Denner’s approach focuses on improving the strategies of companies to unlock otherwise trapped equity value. Having previously served as
Crypto community responds to Mastercard outage: Global payment giant Mastercard suffered a huge outage last week that led to a substantial hold-up in users’ transactions. Mastercard down – users report card payments failing due to glitch https://t.co/UxaCec5vhQ pic.twitter.com/XsSlIlqaLQ — Frédérique FP (@Frederique_FP) July 16, 2018 First reported by the Financial Times on July 12th, the outage
Some say a “decentralized exchange” is an oxymoron. Perhaps not, but for now it’s not much more than an aspiration. Over the past year, dozens of cryptocurrency trading platforms have marketed themselves as decentralized exchanges. While models vary, the term implies they allow users to trade on a peer-to-peer basis, and more importantly, without using
Shutterstock For so long fixed-income investors have felt financially pressured to invest in real estate investment trusts (REITs), dividend-paying stocks and high yielding securities they never thought would fit their risk profiles. So why’d they do it? Because back then bond yields were so limbo-low. Fast forward to a more hawkish Federal Reserve. They promised
Billionaire hedge fund manager Leon Cooperman, one of this generation’s most successful and highly watched investors, is closing his hedge fund Omega Advisors after 27 years and will convert it to a family office. Cooperman, 75, characterized the move as returning client money at a high after a run of strong performance, citing a famous
Bitcoin’s (BTC) price clocked a two-month high of $7,820 today and looks set to extend gains further, a key cryptomarket gauge indicates. CoinMarketCap’s bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency, rose to 46 percent today — the highest level since December 20 — adding
Bitcoin continued its rally Monday, shrugging off regulatory and security worries that have dragged down cryptocurrency prices this year. The world’s largest and most popular digital currency rose 5 percent to a high of $7,770.58, according to data from CoinDesk, and is up roughly 20 percent in the past week. It broke above the $7,000
Founder of Big LivesAmanda Hakan Sam Alston is the founder of Big Lives, an experiential retail platform that replaces traditional brick-and-mortar and ecommerce with curated, retail events in homes and unique spaces. Alston dreamed of opening a store since she was kid, and finally took the leap in 2017 to start Big Lives after ten
What you don’t know about insurance policies can cost you. That’s the new finding from a national survey by comparison website insuranceQuotes. “Reading your insurance policy can be kind of boring, but you need to be well informed,” said Jason Hargraves, the company’s managing editor. For example, you might think you’re covered when you’re not,
Two JPMorgan ETFs, the JPMorgan BetaBuilders Japan ETF (BBJP) and the JPMorgan BetaBuilders Europe ETF (BBEU), have seen massive inflows of investor cash since last Wednesday. Assets in BBJP have leapt 6,936 percent in one week, while assets in BBEU jumped 1,863 percent. This represents by far the most significant amount of new money into
The third round of blockchain rankings has been released by the Chinese government. Yet again, China ranks EOS number one. The rankings, released by the government-backed China Electronic Information Industry Development (CCID), evaluate the public blockchain networks with three different metrics. The metrics include technology, applicability, and innovation. Previous Leaders CCID released its first set
The popular crypto data tracker CoinMarketCap is instituting changes in light of what it called “concerns” over fake volume figures. In a blog post, published on July 19, the site said that it had already dropped a minimum volume requirement for exchanges listed on the site, a policy it said was originally pursued “in order
U.S. President Donald Trump speaks at an event where he signed an executive order establishing a National Council for the American Worker. President Trump hosted leaders of the private sector to sign a Pledge to Americas Workers to create solutions to issues affecting the American labor force, and to create more than 500,000 opportunities for
Shutterstock Bitcoin’s wall of worry is quite different than the stock market’s wall of worry. The equity world is concerned with the effects on earnings of interest rates, the price of oil and the latest thinking of the current White House occupant. With the crypto-currencies, all of that is interesting and ultimately relevant, but the
You may have heard of a lagging or leading indicator before. Maybe your friends have tossed around terms like bullish or bearish divergences, oversold or overbought conditions and what signals you should use to enter or exit the market. While there are many tools that can assist with this, one often overlooked indicator is called
On the surface, the tit-for-tat trade war between the U.S. and China appears to be turning into a currency war. President Donald Trump called out China and Europe Thursday and again on Friday for manipulating their currencies and keeping them low against the dollar. Hours after Trump’s comments were first aired on CNBC Thursday, the
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are FedEx Corp., Jabil Circuit Inc., and Red Hat Inc. FedEx FDX, +0.38% is projected to post fourth-quarter earnings of $2.36 a share, according to a consensus survey by FactSet. Analysts at Nomura said they will look
ShutterstockShutterstock The busy real estate buying season is now in full swing with the start of the summer, which means that many multifamily property owners are looking to enhance their current listings to take advantage of the selling opportunity. At the same time, property management companies or owners may simply be looking to take their
There’s no secret to scoring a coveted 90210 mailing address in California. All it takes is $692,388. From Beverly Hills to Greenwich, Connecticut, personal finance website GOBankingRates determined the exact annual income needed to live comfortably in the country’s most expensive ZIP codes, based on local home values and the cost of living (including groceries,
Tesla shares will fall dramatically the rest of this year due to its high valuation and rising competition, according to J.P. Morgan. The firm reaffirmed its underweight rating on Tesla shares, saying other automakers may price their electric cars aggressively. Tesla has a “highly differentiated business model, appealing product portfolio, and leading-edge technology, which we
The crypto world’s most used cryptocurrency index, CoinMarketCap, has recently been under the line of fire lately for its protocols. Now, CoinMarketCap addresses issues, at least some of them. It all started with Reddit… We’re happy to announce our new subreddit! Please join the discussion at https://t.co/FQowKFktV5. — CoinMarketCap (@CoinMarketCap) July 9, 2018 CoinMarketCap Adopts
When it comes to making big money in trading, the trend is your friend. But spotting the trend when it is in the nascent stage is challenging, and running along with it right up to the top is an even bigger challenge. That’s because asset prices rarely see a 90-degree rally or collapse. More often than
I believe that the current threat of a prolonged trade war is serving as an emergency brake to a stock market that is pressing the gas pedal as hard as it can with positive economic data reports; including, but not limited to, corporate earnings, serving as tailwinds. Once any semblance of progress is reported with respect
Share to facebook Share to twitter Share to linkedin Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
The chives growing in one crypto tycoon’s California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500 bitcoin in the
Is the market rally over now that Netflix’s momentum is slowing? You can hear the bears and short sellers licking their chops already: Netflix’s miss on new subscribers means further gains are doubtful not just for FAANG stocks, but even the S&P 500. The bears’ logic goes like this: Most of the gains in the