Marc Lasry Predicts: Bitcoin has been on a run this week. The coin made a whopping and sudden 10% gain yesterday and it is still heading skyward. Currently, it is sitting pretty at $7,457. This week’s gains are surprising to some considering Bitcoins recent moves; it seemed everything was steadily going southward. Marc Lasry Predicts
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Economists are predicting that the next recession will occur in or around 2020, as the Fed increases interest rates to tamp down an overheated economy, and the U.S. engages in a series of trade wars. Notably, the Trump Administration has more control of trade policy than the degree to which the economy overheats. So why
Shutterstock The major stock market indices have rallied steadily since the April lows — it’s been a decent 3-month run for both the Standard & Poor’s 500 and for the Nasdaq Composite. Although overall market strength is measurably good, some well known stocks with highly recognizable brand names have not been going along with the
Bitcoin (BTC) could be in for a minor price pullback, having clocked a 39-day high above $7,500 earlier today, technical charts indicate. The leading cryptocurrency rose to $7,562 on Bitfinex at 03:00 UTC and was last seen changing hands at $7,400 – up nearly 10 percent on a 24-hour basis. Further, the price rally has
The modest reaction to Netflix’s subscriber miss (down 5 percent) tells you something: The long-awaited break in FAANG names is not imminent. More importantly, it demonstrates that investors, even momentum investors, do not expect growth expectations to change too much, even with other FAANG stocks. Amazon, Facebook and Alphabet all hit historic highs yesterday. But
Check out the companies making headlines before the bell: Morgan Stanley – Morgan Stanley reported second quarter profit of $1.30 per share, beating the consensus estimate of $1.11 a share. Revenue beat forecasts, as Morgan Stanley reported strong investment banking and wealth-management results. Morgan Stanley also raised its quarterly dividend to 30 cents per share
An earlier version of this story included companies that are scheduled to report earnings on Thursday, not Wednesday. The errors have been corrected. SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are Google Inc., and Barnes and Noble Inc. Google GOOG, +1.35% GOOGL, +1.49% will
(AP Photo/Tony Dejak, File) Does this recent tweet below from the National Association of Realtors seem at all believable to you? Selling Your Home Solo to Save Money? You’ll Actually Make Less Than You Think (from @NAR_Research‘s Economists’ Outlook blog): https://t.co/hWHUfPnf9I pic.twitter.com/kid0OCz8RH — REALTORS® (@nardotrealtor) July 15, 2018 FSBO FSBO (pronounced, “fizbo”) is real estate agent
Airbnb’s policy and public affairs head Chris Lehane launched into an impassioned diatribe on Tuesday that condemned the “bellhop politics” he said are motivating New York City’s resistance to Airbnb. “Members of city council are nothing more than bellhops for the big hotel corporations. And it’s no surprise this type of bellhop politics has produced
John Traynor, chief investment officer at People’s United Advisors, said investors should watch two major events in 2018: midterm elections and simmering global trade tensions. “We think the earnings growth is very strong, we think the economy is very strong, but you’re being buffeted by those two trends, and they will impact the second half
What’s going on with Bitcoin? Yowza. Last week was an impressive week for the coin but today saw it exceed itself by packing on a massive 10% in gains. Other cryptos are experiencing astronomical growth too; EOS is also seeing a 10% hike this week. But Bitcoin, in particular, is out front in a league of
The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed
Retirement planning can be extremely complex. I often describe it as trying to hit a moving target in the wind. The target is moving because an individual does not know with any certainty the exact date retirement will begin or the duration of the retirement period. This means there is no way an individual can
Traders work on the floor of the New York Stock Exchange. Asset allocators at Neuberger Berman think emerging markets have been shunned for too long. It’s time to buy. (Photo by Spencer Platt/Getty Images.) The dollar and the Fed once again tag-teamed the living daylights out of emerging markets like Brazil, but that’s the end
Bitcoin (BTC) scaled the crucial 50-day moving average (MA) on Monday for the first time in nearly two months, taking its price above $6,700. The corrective rally picked up the pace 24 hours ago, possibly due to reports stating that BlackRock, INC – the world’s largest asset manager and exchange-traded fund (ETF) provider – is
Check out the companies making headlines before the bell: Netflix – Netflix shares are under pressure, after its membership growth numbers came in well below analysts’ forecasts. The video streaming service reported quarterly profit of 85 cents a share, beating the consensus estimate of 79 cents a share. Revenue was below Street forecasts. UnitedHealth –
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Bed Bath & Beyond Inc., GoPro Inc., and Nike Inc. After Wednesday’s closing bell, Bed Bath & Beyond BBBY, -2.92% reported quarterly earnings that fell short of analysts’ estimate. Shares fell 5.7% in after hours. GoPro
It’s the most stylish furniture you can’t buy (until your subscription is up).Fernish On July 15th, furniture subscription startup Fernish officially launched their collaboration with Crate & Barrel. This is the first time any Crate & Barrel product has been available for rent. The partnership also launches the company, which is less than two years old, to a
This earnings season is likely to be more volatile than the market is preparing for, according to Goldman Sachs, which outlined a tactical plan for clients looking to play the latest financial numbers. Analysts at the bank highlighted a number of stocks they believe investors should consider during a month typically rife with surprises. “We
2019 CFA exam: “We saw the field advancing more quickly than other fields,” says Stephen Horan, the GE managing director at the CFA Insitute. “This is not a passing fad.” CFA Institute is one of the world’s most famous nonprofits, focusing on investment professionals specifically, and offering various certifications in the field, like the Investment Foundations Certificate. It
Having defended $6,000 last week, bitcoin (BTC) appears to be building momentum for a price rise, but nearby technical hurdles still present a formidable challenge. At press time, the world’s most valuable cryptocurrency is changing hands at $6,689 on Bitfinex and looks to be gaining steam for another test of $6,838. As such, the level
BlackRock exploring crypto: The CEO of the world’s largest exchange-traded fund (ETF) provider, BlackRock, just announced that his company has assembled a group to look into cryptocurrencies, such as Bitcoin (BTC). BlackRock Exploring Crypto Larry Fink told Reuters that he does not see “massive investor demand” currently, but his company will continue to look into
Photo by NeONBRAND on Unsplash Many of us are familiar with and follow the “120 minus your age” investing framework. It says that you should subtract your age from 120 and invest that percentage in equities, putting the rest in fixed income. For example, a 50-year-old would be 70% (120-50) in equities and 30% (100%-70%)
Shutterstock The financial media loves to get predictions from experts about where they think the Dow Jones Industrial Average index is headed. Some experts look at technical analysis patterns, others look at valuation metrics, others apply a broad macro view of the economy. In this article, we present another forecasting approach that investors may find
Bitcoin is eyeing change of fortunes above $6,800, having convincingly scaled a key moving average hurdle earlier today. At press time, BTC is changing hands at a six-day high of $6,600 on Bitfinex – up 3.44 percent on the day. The cryptocurrency remained bid over the weekend and rose to $6,400 as expected despite low
Check out which companies are making headlines before the bell: BlackRock – The asset management firm reported adjusted quarterly profit of $6.66 per share, 11 cents above estimates. Revenue also came in above forecasts. BlackRock’s overall profits were up more than 25 percent from a year ago, helped by increased fee revenue, larger profit margins,
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike Inc., and KB Home. DuPont US:DD : The chemical company late Thursday cut its second-quarter and full year profit outlook due to worse-than-expected performance of its agriculture unit. Shares fell 1.9% in extended trading.
Shutterstock Online home search engines have revolutionized the way consumers buy and sell homes. While these sites have the potential to bring in a considerable amount of revenue for any real estate business, pricing and quality of leads from these sites vary from traditional real estate leads. Below are a few variabilities that differentiate paid
Netflix may have surged 110 percent so far this year, but World Wrestling Entertainment (WWE) has been giving the streaming giant a run for its money and market watchers believe the stock will continue to clean house. Shares of WWE rallied 3 percent Friday as Morgan Stanley raised its price target on the stock to
It’s the Crypto World Cup Finals! And the crowds go wild! Charles Hoskinson is facing off against Charlie Lee in what is perhaps the biggest and most highly anticipated crypto competition EVER. It all comes down to this. Who will be victorious? Who will win the cup? Time to find out crypto fans! Charles Hoskinson