Despite a sluggish cryptocurrency market, stock trading app Robinhood is adding two new digital currencies to its platform. The company will add Litecoin and Bitcoin Cash to its no-fee app, which already lets users trade bitcoin and ethereum. “Since we launched Robinhood Crypto in February, our customers have voiced interest in buying and selling other
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Shutterstock In more than 15 years as a real estate agent, broker and investor, I’ve learned a lot. Some of the most important lessons have come out of making mistakes, my very clearly biggest mistake in particular: In 2006, I decided to flip a house completely by myself. At the time I was a real
A slight increase in the number of homes for sale may be helping to juice the mortgage market. After falling for two straight weeks, mortgage application volume rose 2.5 percent last week, seasonally adjusted, compared with the previous week. The increase was driven entirely by purchase applications. Still, total volume is 4.3 percent lower than
Costco is at all-time highs, Target is within reach of its best levels of the year, but Walmart has been left in the dust. The original big-box retailer sits in a bear market after punishing sell-offs this year. Some say the stock is a no-touch. “Stay away from it. I think it’s dead money,” David
Sirin Labs blockchain smartphone: Sirin Labs, the same company that brought Leonardo DiCaprio and Tom Hardy to the London-premier of its ‘world’s most secured phone’ just two years ago, is releasing a more affordable Android phone this November. The company’s latest blockchain-based smartphone endeavor has an even bigger endorsement this time around, the world’s most
The price of litecoin spiked to $81 on Wednesday amid notable news for the cryptocurrency often called the silver to bitcoin’s gold. The world’s sixth-largest cryptocurrency by market value looks to have picked up a bid on reports that the Litecoin Foundation has acquired a 9.9 percent stake in Germany’s WEG Bank through a new partnership
By Javier Balmaceda Rejected fiscal plans, dumped restructuring agreements, trashed projections: these are some of the fruits of three years of labor in Puerto Rico’s ongoing insolvency process. Ever since the US commonwealth entered default in 2015 it has paid external advisors hundreds of millions of dollars to produce reports and proposals that have done little to resolve the Gordian Knot that is its
(Photo by Oliver Contreras-Pool/Getty Images) My best advice for you today is this: ignore the breathless trade-war panicking and focus on one thing: cash. Because the truth is, US companies—like the 3 stout dividend growers we’ll dive into below—are swimming in it. So much so, in fact, that they don’t know what to do with
Bitcoin (BTC) price could create a major bullish technical pattern in the next few days, technical charts indicate. At press time, BTC is changing hands at $6,350 on Bitfinex – down 3.6 percent on a 24-hour basis. Indeed, the short-term bullish bias has become invalid following BTC’s close below (as per UTC) the 10-day moving
Check out which companies are making headlines before the bell: Iqiyi, Baidu, Alibaba, JD.com – U.S.-listed China tech stocks are under pressure, following news that the U.S. is preparing additional tariffs against $200 billion in Chinese goods. 21st Century Fox – Fox raised its offer price to buy the part of British broadcaster Sky that
The total estimated value of waterfront homes in June 2018 is $134 billion. The sale price premium of waterfront homes is 36 percent, down from 54 percent in 2012 and 41 percent on average over the past 22 years. The biggest premiums since 1996 have been in Jacksonville, Fla., Cleveland, Ohio, Denver and Baltimore. The
The house that Mickey Mouse built now owns property at 4 Hudson Square. The Walt Disney Co. acquired the rights to develop a new headquarters on a Trinity Church-owned site. The Burbank, California-based media conglomerate, tapping into all that “Avengers” money, plans to build a new headquarters in Manhattan after signing a a 99-year lease
Walgreens isn’t the only one feeling the pressure of Amazon’s PillPack acquisition, as one Wall Street analyst copped to underestimating just how aggressively the e-commerce giant would disrupt drugstores. “We are downgrading shares of Walgreen … ending one of the more painful experiences I have endured in my 15 [plus] years as a sell-side analyst,”
The cryptocurrency market is currently trading just over $250 billion and is continuing its drop from yesterday. Late Saturday the market surged nearly $15 billion in just an hour, reaching almost $280 billion but has since lost all of its momentum. Let’s check in with Litecoin (LTC) and Stellar (XLM). Litecoin (LTC) Two hours ago,
Bitcoin (BTC) is on the defensive today and could suffer deeper losses in the next few days should the bulls fail to defend the key moving average (MA) support, technical charts indicate. The leading cryptocurrency looked vulnerable to a pullback 24 hours ago, courtesy of the signs of bullish exhaustion near key resistance of $6,800.
Joseph Stiglitz: Not everyone is a fan of Bitcoin. Despite proclamations from supporters about its revolutionary technology and the “freedom” it offers its users, many are still not convinced. If you’re Bitcoin, it must not bode well for you to have a major critic in the form of Nobel-winning economist and Columbia Professor Joseph Stiglitz.
State and local governments are struggling to keep their unfunded pension liabilities under control and are using misleading actuarial and pension fund performance assumptions to cover-up the severity of the problem. However, there is another huge gorilla of unfunded liabilities that many states and municipalities are also facing, namely “Other Post-Employment Benefit” (OPEB) liabilities. This
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.
A few lucky merchants now have one less obstacle to accepting bitcoin payments via the Lightning Network. Revealed exclusively to CoinDesk, payment processing startup CoinGate is opening up a pilot program that will allow 100 merchants to trial a Lightning-enabled version of its service, one which taps into the open-source tech meant to make bitcoin
The last earnings season was all about raising expectations for earnings on the back of corporate tax cuts, share buybacks, and a synchronous global economic expansion. A lot has changed in the last three months, according to Nick Raich of Earnings Scout. “Last earnings season it was all about raising estimates. This earnings season, all
Check out which companies are making headlines before the bell: PepsiCo – The snack and beverage maker reported adjusted quarterly profit of $1.61 per share, beating estimates by 9 cents a share. Revenue also came in above forecasts. PepsiCo also reported overall organic revenue growth that beat Street forecasts, and reiterated its full-year guidance. EBay
Shutterstock One of the main factors that will make or break your apartment budget is the quality of resident you attract. A high-quality resident is someone who pays rent on time, treats the unit and apartment community as if it were their own home and is courteous to the neighbors. High-quality residents not only make
U.S. homeowners today are getting richer by the minute, but they are less likely to cash in on their newfound wealth than during previous housing booms. As home values rise, home equity lines of credit, often used to tap home equity, are flatlining, and the overall amount of money people are taking out of their
Financial markets believe Europe will eventually “accommodate” President Donald Trump on trade, Wall Street’s Art Cashin told CNBC on Monday. “Even if it’s only to a slight degree, the president will step back and claim victory,” said Cashin, director of floor operations for UBS at the New York Stock Exchange. Trump is threatening tariffs on
In today’s edition of Crypto Daily News, we cover why Vitalik Buterin slammed centralized cryptocurrency exchanges, the Philippines making moves in cryptocurrency, and HBUS’s opening in the United States. Crypto Daily News: Vitalik Buterin Hates Centralized Exchanges On July 6th, Vitalik Buterin spoke in a ‘fireside‘ chat with Jon Evans at the TechCrunch Session focused
A goodwill ambassador for the United Nations Industrial Development Organization (UNIDO) has been named as the head of crypto exchange Binance’s new charity foundation. Announced today, the move puts Helen Hai – whose work is primarily focused on development in Africa – at the top of the Binance Charity Foundation, the philanthropic arm of one of
Charles Schwab & Co. takes the lead in offering bargain money management. Who’s got the best exchange-traded funds? Charles Schwab & Co. Vanguard is a close second in this competition. State Street, which got the ETF industry going with its SPDR S&P 500 fund, is in fifth place. BlackRock, whose iShares family is the biggest
Successful executives in many businesses know that the secret to getting the most out of people is first finding great people and then holding them accountable for their results. The investment business is no different. To get your portfolio back on track, the first step is to figure out if you have great investment managers. Hold
Bitcoin (BTC) rally has stalled near a key resistance range and a minor pullback could recharge the engine for a much-awaited move toward the $7,000 mark. At press time, the premiere cryptocurrency is flatlined at $6,710 on Bitfinex, having clocked an 18-day high of $6,839 over the weekend and is showing signs of bullish exhaustion
Check out the companies making headlines before the bell: Starbucks — Outgoing Executive Chairman Howard Schultz said a recent slowdown in China sales is only temporary, and hinted at a possible collaboration with Alibaba founder Jack Ma. Schulz spoke at an event at the coffee chain’s Roastery store in Shanghai. Separately, Starbucks announced plans to