Toys ‘R’ Us has shut all of its U.S. stores, but don’t mistake that as a hopeless sign for the rest of brick-and-mortar retail. ( Photographer: Luke Sharrett/Bloomberg) Toys “R” Us, which closed the last batch of its U.S. stores just over a week ago, has left behind not only nostalgia but also hundreds of empty stores
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Since President Donald Trump’s full time residence is the White House — and not his Manhattan condo in Trump Tower — New York City officials recently determined he is no longer eligible for a $48,000 tax break, according to a report by the New York Daily News. The tax break is available to condo and
Biogen shareholders are rejoicing over a clinical trial’s positive results. Shares of the biotech company were up 19.6 percent Friday, a day after Biogen and Tokyo-based Eisai announced positive results from a Phase II study with BAN2401, an anti-amyloid beta protofibril antibody, in 856 patients with early Alzheimer’s disease. The stock move added more than
It’s Crypto World Cup Day 21. Justin Sun takes on Willy Woo and Charlie faces off against CryptoYoda. Who will move on and who will be knocked out? Today’s the final day of the quarterfinals and the last chance to take your guesses at the final two teams who will be moving into the semifinal
Switzerland’s principal stock exchange has announced that it is developing a blockchain-based platform to tokenize traditional securities. In an announcement on Friday, SIX Swiss Exchange said it will build the new initiative – dubbed SIX Digital Exchange (SDX) – on a distributed ledger, utilizing its technical expertise in operating a large-scale financial infrastructure. As a regulated
Last week’s market had something for both the bears and the bulls, but the bulls won out again. The stock market was at a similar and even more important inflection point in early May (The Bull & Bear Tug Of War – Who Is Winning?) as the A/D lines were close to completing their corrections.
Bitcoin is building on Friday’s sharp recovery from lows below $5,800, indicating the corrective rally has more substance than what many presumed to be another “dead cat bounce.” Overall, the premier cryptocurrency jumped to $6,661.76 at 13:00 UTC, a 6.37 percent increase from the day’s low of $6,262.28, and was last seen trading at $6,613,
Mainland Chinese stocks have been the world’s worst performers and they could continue to be volatile as long as Beijing and Washington battle over trade. The Shanghai index, since peaking Jan. 24, is down 23 percent and the Shenzen is down 22 percent in that time. The U.S. S&P 500, since its Jan. 26 peak,
Denver, Colorado. (Shutterstock) Many investors like real estate because of the potential for steady, above-average returns with only a limited downside risk. Others, however, are more intrigued by the possibility of a quick strike in a real-estate boom, holding a property for a short time as values rise and magnifying their return with leverage from
Warren Buffett famously still lives in the Omaha, Nebraska, home he bought in 1958 for $31,000. (Now its property taxes are almost that much.) But at the urging of his late wife, Susie, Buffett also bought a beachfront vacation home in Laguna Beach, California, in 1971 for $150,000. While Buffett put the mansion on the
Steven Cohen is having a tough time getting UK financial regulators to give him a second chance in that country. The billionaire recently opened his Point72 hedge fund to outside investors in the U.S., but British securities regulators won’t let Cohen open the fund to UK investors, according to a report in the FT citing
Today kicked off the quarterfinals of the Crypto World Cup and boy was the competition fierce! Many big names have already been eliminated, but who will be next? Let’s find out! Today’s competitors: Brad Garlinghouse vs. Charles Hoskinson & Cameron Winklevoss vs. Satoshi Nakamoto Check out the eight finalists that made it to the Quarterfinals!
Sure, a technical analyst can perform just fine with an understanding of candlestick patterns, support and resistance levels – but if you could add one more weapon to your trading arsenal, wouldn’t you? If you answered yes, then welcome to the world of supplemental indicators, namely the relative strength index (RSI) – one of the
Andrés Manuel López Obrador, the winner of Mexico’s presidential election, is already a superstar in Latin America. Mexico’s stock market rocketed on his win despite rumors that he is some sort of socialist, antimarket left winger. Photographer: Cesar Rodriguez/Bloomberg. Andrés Manuel López Obrador won the Mexican presidency on Sunday and the market has been rising ever
In the case of bitcoin’s Q2 price movements, it turns out history didn’t repeat. As the three-month period came to a close this week, the final figures indicate bitcoin fell 8 percent according to CoinDesk’s Bitcoin Price Index (BPI), snapping a 7-year win streak for the market’s leading cryptocurrency. As seen in the table below, bitcoin
The Trump administration may keep upping the ante in a trade dispute with Chinafor now, but if it can manage to steer clear of a bigger battle over the global auto sector, it may avoid a more serious blow to the economy. This week, there were signs that European leaders may be willing to negotiate
Shutterstock For homebuyers today, luxury doesn’t necessarily equate to price point — often it is actually quite personal. Luxury can be more time at home with family, proximity to friends and loved ones, or convenience in terms of amenities and features. What does this mean for real estate professionals? It means that we too have
The average price of a house bought in San Francisco rose by $205,000 in the first half of 2018, the largest six-month increase in history, according to MLS data compiled by local real estate agency Paragon. The average house in the city limits now costs $1.62 million. Condo prices also rose by $71,000, which is
Speaker company Sonos has filed to go public. The company reported a net loss of $14.2 million on revenue of $992.5 million for the last fiscal year. That’s an improvement from fiscal year 2016, when the company posted a net loss of $38.2 million on revenue of $901.3 million. For the six months ending March
Winklevoss twins hire NYSE executive: The Winklevoss twins have turned to an executive from the New York Stock Exchange, hiring Mr. Robert Cornish to oversee Gemini’s use of Smarts. Gemini, the Winklevoss’ crypto exchange, has been in action since 2015, and adding Cornish to its team marks another instance of how crypto exchanges are looking to
Cryptocurrency exchange Gemini has hired former New York Stock Exchange (NYSE) chief information officer Robert Cornish to serve as its first chief technology officer. The exchange, founded by investor-brothers Cameron and Tyler Winklevoss, announced Friday that Cornish would be in charge of Gemini’s technology team and strategy, according to a press release. Further, Cornish will
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. For the First Trust Morningstar Dividend Leaders Index Fund
The price of bitcoin (BTC) is stuck in a $400 range defined by key technical levels, and the direction of the breakout will likely set the tone for the next move in the cryptocurrency. The trading range’s lower end is $6,341, a double bottom neckline (former resistance-turned-support), which was scaled on June 30. Meanwhile, $6,754 (a
Check out the companies making headlines before the bell: Northrop Grumman – Northrop is pursuing a Japanese jet fighter contract that may put it in competition with US rival Lockheed Martin, according to sources who spoke to Reuters. Northrop had lost a competition against Lockheed for an Air Force stealth fighter jet nearly three decades
Income investors know all too well, especially in today’s still-stingy environment, that high yields typically come with high, often too-high as it turns out, risks. But there are “inefficiencies” to be found, especially with Real Estate Investment Trusts (REITs), where Mr. Market often waffles between seeing stock-like securities or ownership interests in real estate. This
Manhattan real estate had its worst second quarter since the financial crisis, with prices and sales dropping and inventory rising, according to a new report. Total sales in Manhattan fell 17 percent in the second quarter compared to a year ago, according a report from Douglas Elliman and Miller Samuel Real Estate Appraisers and Consultants.
The historic bull market in global equities still has room to run, according to Citigroup’s equity strategy team, which advised clients Wednesday to continue to buy. The firm’s analysts wrote that Citi’s bear market checklist — a diagnostic used to monitor symptoms of a downturn in equities — suggests than only three of 18 “red
Last month, Bitcoin enthusiasts breathed a sigh of relief when they were informed that the Tom Lee Bitcoin price target was $25K by the end of 2018. But a month later, now in the second half of the year, Tom Lee has changed his mind. He now expects that Bitcoin will trade a little over $20,000
Gravity-defying might be the best way to describe the “ethos” token market this week. Designed to power an ecosystem of payment gateways and wallets, the ethereum-based token picked up a bid at $1.20 a week ago developers behind the effort informed markets about an impending “big announcement.” Traders responded and the crypto asset remained bid around
John Rogers, chairman and chief executive officer of Ariel Investments LLC. Photographer: Christopher Goodney/Bloomberg Coming in July, the private equity world is in for a big change that could reshape the contours of the industry a decade after most blue chip firms began to join public stock markets. On Sunday, private equity pioneer KKR &