Investment Grade Bonds Continue to Support Stocks (Getty) Investment Grade bonds have been a little weaker of later but remain strong. The North American CDS Index is a good example of that as its spread has widened to 67 from 60 in the middle of June, and from as tight as 45 back in January.
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Bitcoin (BTC) needs to overcome a key technical resistance to keep the short-term bull market going, technical studies indicate. The leading cryptocurrency rose to $6,785 on Bitfinex on Wednesday – the highest level since June 22 – and looked set to test the psychological hurdle of $7,000, as suggested by Monday’s bullish breakout. However, the
Embraer – Embraer and Boeing have announced a new joint venture which will create a separate company focusing on commercial aviation. Boeing will own 80 percent of the new company, Embraer 20 percent, with the venture having a total value of $4.75 billion. Tesla – Tesla allegedly eliminated a standard brake test as it raced
This Tuesday, Oct. 17, 2017, photo shows a home for sale in Fort Washington, Pa. On Thursday, Oct. 26, 2017, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Matt Rourke) Existing home sales were down last month, and if new data released this morning is any indication, that’s a trend we’re going
A significant drop in mortgage interest rates was not enough to entice homeowners to refinance their loans last week. Total mortgage application volume decreased 0.5 percent on a seasonally adjusted basis compared with the previous week, according to the Mortgage Bankers Association. Volume was 13.5 percent lower than the same week one year ago. Applications
Patrick Kaser, managing director and portfolio manager at Brandywine Global, believes free cash flow is a key determining factor in whether or not a company will be a lucrative investment. Earnings, however, are not always indicative of a successful company. “There are many ways to manipulate earnings, earnings per share, GAAP, non-GAAP, but there’s very
What is CEX.IO? The cryptocurrency exchange CEX.IO began in 2013 as a cloud mining provider. As it began its journey towards becoming a crypto exchange, the USD market was the first to be added in 2014, followed shortly after by the EUR market. Now, CEX.IO is a cross-platform cryptocurrency exchange that can be accessed from
Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended trading services, hours after irregular transactions were reported with a token on its platform.. Syscoin, a distributed network based on a fork of the bitcoin protocol, said on Twitter around 21:00 UTC on Tuesday that it noticed a potential issue with its system and
Diego Giudice/Bloomberg Argentina and its peso are in trouble, again. By officially replacing the peso with the U.S. dollar, Argentina’s peso nightmare would end. But, in a country in which fiscal fiddlers know many tricks, some fiscal rules must also be added to the prescription. Dollarization should impose a hard budget constraint on Argentina. Under
Shutterstock Six winning funds from the Best ETFs efficiency competition. Hypothesis: You have $10,000 in a rollover IRA and you’ll spend the money four decades from now. Where to invest it? Here I present a model portfolio of exchange-traded funds that is simple to implement and very economical. It beats trying to beat the market
Bitcoin (BTC) has pulled back from the 11-day highs, still, the short-term outlook remains bullish, the technical studies indicate. The leading cryptocurrency looked overbought yesterday, as per short-duration indicators, having rallied to $6,681 on Bitfinex on Monday – the highest level since June 22. Consequently, BTC fell back to $6,414 earlier today and was last
By the Fourth of July, drivers usually see the highest gas prices of summer in the rear-view mirror. That may not be the case this year, even though the national average is down about 14 cents from the near $3 a gallon drivers paid in late May. Consumers are paying the highest Fourth of July
Shutterstock Condominium deconversions are a hot topic in commercial real estate today, and I don’t think it’s just the latest trend. As condominium stock built in the 70s and older continues to age and need updates, modernization and capital improvements, owners continue to spend money on units that may not appreciate like they once did.
It is a seller’s market, undeniably. The supply of homes for sale is low, demand is high, and now prices are heating up even more. But sellers today see more reasons to stay put than to profit. Home prices jumped 7.1 percent annually in May, according to a new report from CoreLogic. That’s the biggest
As America gets set to celebrate its 242nd birthday with multi-colored fireworks bursting in air, the suppliers of those pyrotechnics are starting to worry about whether they’ll get stuck in the middle of a trade war. So far, the Trump administration has not included the $1.24 billion fireworks industry on its list of China tariff
The cryptocurrency market made a comeback this weekend, but it seems it has begun correcting itself this morning. Cardano (ADA) and NEO are some of the coins doing well today. News broke that India’s Supreme Court denied the lifting of the Crypto Bank Ban. The ban will begin on July 5th but could be potentially
As they say, shots were fired. An investigative article raising concerns about possible market manipulation of tether has sparked a social media firestorm, with the dollar-pegged cryptocurrency’s detractors, supporters and seemingly everyone in between weighing in. In an incendiary take on an already controversial topic, Bloomberg analyzed tether trading data from the Kraken crypto exchange
Forbes Media Forbes’ November 2013 cover on how Michael Dell won the war to take his company private. “Dell Can’t Lose,” read the cover of Forbes Magazine on November 18, 2013, as we chronicled how personal computer billionaire Michael Dell relented against Carl Icahn to take his company private in what was dubbed “the nastiest tech buyout ever.” If
When we look at the movement in the price of oil on the monthly, weekly and daily charts we don’t need to know what the news about oil is. If you’re knowledgeable about technical analysis, it’s not necessary to analyze and interpret events in the market — all we’re doing is identifying the trend and
Bitcoin (BTC) is flashing green, having convincingly scaled a key technical resistance Monday, and looks set to test the $7,000 mark in the next few days. At press time, BTC is trading at $6,575 on Bitfinex – up 3.4 percent in the last 24 hours. The short-term bearish-to-bullish trend change, as indicated by BTC’s break
Check out the companies making headlines before the bell: Amazon.com – Amazon announced that its annual “Prime Day” would begin on July 16 and run for 36 hours, up from last year’s 30 hours. eBay – eBay said it would offer “thousands of exclusive deals” on July 17, in a press release that appears directly
Two people take a selfie on Waterloo Bridge infront of the skyline of the City financial district of London, as people enjoy the continuing spell of hot weather, June 30, 2018. (Photo: Dominic Lipinski/PA Images via Getty Images). One might think it is the end of the world for Britain with Brexit D-Day looming, but
“Location, location, location” has been a real estate industry cliché for nearly a century and, since clichés are clichés because they are largely true (according to the well-known, er, cliché), the mantra still applies — and across many industries. To wit, a less-than-ideal location or failed geographic expansion was a factor in 9 percent of
There has been a lot of talk in the world of exchange-traded funds that giants like Vanguard Group, BlackRock‘s iShares and Charles Schwab are headed in the direction of trading without any management fee at all. We’re not there yet, but Vanguard Group is making a major move related to ETF fees that no other
It’s Day 17 of the Crypto World Cup and our second day of the round of 16! Charlie Lee faces off against Bill Barhydt, plus Tyler Winklevoss takes on CryptoYoda. It was two wild games today, with some pretty surprising results. Let’s dig in! If you missed it, here’s the summary of who’s playing in
A group of traditional securities firms in Thailand are planning to jointly launch a new cryptocurrency exchange, a report indicates. According to the Bangkok Post on Monday, the Association of Securities Companies (ACE) – a body that represents the country’s securities firms – said it is in talks with regulators about allowing established financial firms to
Traders and financial professionals work ahead of the opening bell on the floor of the New York Stock Exchange, June 19, 2018 in New York City. Photo: Drew Angerer/Getty In recent years, it’s been understandably tempting to focus on holding just stocks in your portfolio. After all, the S&P 500 is up four-fold from the lows
The Marriner S. Eccles Federal Reserve building. Photographer: Andrew Harrer/Bloomberg In yet another parenting “What the heck just happened moment?” my daughter asked last week, “Can I redo my bedroom?” I asked, “Why? I love your room.” She said, “I want it to be more mature.” What the heck! She’s nine! One minute I was
Bitcoin (BTC) has regained poise over the weekend after a drop below $6,000 last week, but a short-term bullish reversal is still not confirmed. At press time, the leading cryptocurrency is trading at $6,320 on Bitfinex – up 13 percent from the seven-month low of $5,755 hit on June 24. BTC was expected to remain
Check out the companies making headlines before the bell: Dell Technologies Class V – The computer maker announced a buyout of the shares that track the performance of its cloud software unit, VMWare, which itself is a publicly traded company. The deal exchanges DVMT shares for either cash or shares of a new class of