The markets got the two things they wanted most from the Fed: a reiteration that it would be “patient” raising rates and that, if necessary, it would make changes in unwinding its balance sheet. It seems to be signaling the balance sheet will be much larger than anticipated. Never mind the Fed did not change
Month: January 2019
Check out the companies making headlines after the bell: Shares of Amazon rose as much as 3 percent and then dipped more than 2 percent negative in extended trading Thursday after reporting better-than-expected earnings and light guidance. The e-commerce giant beat on the top and bottom line. Earnings per share were $6.04, which beat estimates
The world’s largest cryptocurrency exchange by trading volume, Binance, has given traders another reason to flock to its platform. Binance now accepts credit cards. Who’d have thought it!? Users can now buy cryptocurrencies using their Visa or MasterCard credit cards. This is no doubt going to please a lot of traders. Let’s check it out. Binance Accepts
Share to facebook Share to twitter Share to linkedin A pedestrian in the city center of Melbourne, Australia, walks past a colorful advertisement for the Game of Thrones series. The ad shows the characters played by the actors Kit Harington, Peter Dinklage, Emilia Clarke, Nikolaj Coster-Waldau, and Lena Headey. Photo Credit: GettyGetty Images It couldn’t
Super-wealthy investors are making some changes to their portfolios for 2019. They are increasing their cash holdings and reducing their equity exposure. They are also cutting back on some of their real estate investments and finding a “short-term solution” in fixed income, according to Michael Sonnenfeldt, founder of investment club Tiger 21. “There’s a lot
View The probability of bitcoin ending its four-year February winning streak in 2019 is high, as the primary trend is bearish for the first time in the last three years. Further, BTC’s failure to capitalize on a bullish pattern on the 3-day chart indicates bearish sentiment is still quite strong. BTC risks falling to December
Virgin Trains USA, the new identity of Florida’s Brightline private passenger rail project, launched its initial public offering on Wednesday to finance the continued expansion of the system. The announcement kicks off underwriters’ road show presentations about the IPO in a deal that will issue 28.3 million shares of common stock at $17 and $19
Federal Reserve Chairman Jerome Powell made the right choice in leaving interest rates unchanged and preaching patience — and it shouldn’t be seen as him “caving” to Wall Street, says CNBC’s Jim Cramer. “Don’t listen to the Fed watchers who claim that Powell caved to the stock market or the president,” Cramer said Wednesday after
A new protocol aims to allow crypto users to maintain control of their private keys while trading on centralized exchanges. Arwen, a startup formerly known as Commonwealth Crypto, launched a testnet version of its namesake protocol Monday. CEO Sharon Goldberg described it as “a layer-two protocol specifically for trading.” In other words, trades will take
Check out the companies making headlines after the bell: Shares of Facebook surged as much as 10 percent after hours on Wednesday. The social media titan posted better-than-expected earnings, beating on the top and bottom lines. The company earned $16.91 billion in revenue, which beat Wall Street’s estimates of $16.39 billion. Earnings per share were
Crypto lending firm Genesis Capital processed $1.1 billion in loans last year. This is according to the company’s recently released ‘Lending Snapshot’ for Q4 2018. Genesis Capital The figure shows the massive growth in processed loans as Bitcoin price fell over 44% in 2018. The first Digital Asset Lending Snapshot was released at the end of Q3
The rise in virtual doorman apps are making life a lot easier for those living in non-service buildings.Getty Missed package deliveries and broken entryway buzzers have been universal problems for New Yorkers who don’t have a doorman for ages. Thanks to some clever new tech ventures, however, relief is spreading throughout the Big Apple’s non-service buildings. The
The housing pain persists in Southern California, as higher costs weigh heavily on potential buyers. Home sales in the region fell 20.3 percent year over year in December, according to CoreLogic. That is the lowest December sales pace since 2007. From November to December, sales of new and existing houses and condominiums in Los Angeles,
View Bitcoin’s minor recovery rally from six-week lows could be extended further to levels above $3,500 as back-to-back long-tailed daily candles are indicating a lack of conviction among sellers, despite Monday’s high-volume range breakdown. A break above the downward sloping 10-day MA of $3,511 would expose the crucial resistance of $3,658 (the high of Saturday’s
A popular instrument used to manage exposure to volatility is going away as investors face a number of potentially market-rattling uncertainties, even if a late-2018 rout for stocks has given way to a state of more recent calm. The exchange-traded iPath S&P 500 Vix Short-Term Futures ETN, which trades under the ticker VXX US:VXX is
WASHINGTON — Dealers who sell interests in 529 plans can avoid supervisory rule violation fines under a new Financial Industry Regulatory Authority enforcement initiative that is reminding market participants of a sweeping Securities and Exchange Commission program from years ago. FINRA launched the 529 Plan Share Class Initiative this week to encourage broker-dealers to review
Even though CNBC’s Jim Cramer has long been a fan of Nvidia, a top chipmaker that dragged stocks lower Monday with a major revenue forecast cut, he understood why its stock has lost so much value. For one, the announcement revealed some “obvious negatives,” Cramer said Tuesday on “Mad Money.” Chinese authorities have unexpectedly cracked
A public sale of 59.8 billion BitTorrent Tokens (BTT), worth $7.2 million, sold out in a matter of minutes on Binance’s Launchpad earlier today, despite technical difficulties that frustrated some users. At 3:00 UTC, the token sale platform opened its doors to BTT investors through two separate sale sessions, one for those paying with the
Let’s be blunt. The earnings guidance has been lousy in the last 24 hours, yet the stock market is taking it all in stride. What’s up? This is the time of year when most companies roll out earnings guidance for the full year, and the overall trend has been the numbers moving lower. In the
Gold prices are hitting eight-month highs, thanks to investors looking for an alternative to stock market volatility. Prices are also being supported by a weaker dollar and buying by global central bankers and Asian jewelry buyers. Gold futures closed above the key $1,300 per troy ounce this week, and the February contract closed at a
The BitTorrent Token (BTT) sale on Binance took place yesterday. In under 15 minutes, $7.1 million was raised, selling 50 billion BTT token. Binance announced the conclusion of the sale via an official blog post on their website. BitTorrent Token (BTT) Sale The token sale ran in two different sessions: One for purchasing BTT with TRON
A room design by Katrina Hernandez of Hernandez Greene. Nina Choi Whether it’s just one room or an entire house, renovations are a major undertaking. These projects require time, energy and cash. From investors planning to rent out or flip a property to the average person buying their first home, every renovation decision made now can
Home values increased 5.2 percent annually in November, down from 5.3 percent in October, according to the widely-watched S&P CoreLogic Case-Shiller National Home Price Index. The 10-city composite annual increase also fell to 4.3 percent, down from 4.7 percent in the previous month. The 20-city Composite saw a 4.7 percent annual gain, down from 5.0
View BTC risks falling below the long-term support of the 200-week MA at $3,298. A weekly close below that level could be followed by a slide back to September 2017 lows near $2,970. Another failure to push prices below the 200-week SMA support would weaken the bears. A bullish reversal, however, would be confirmed only
One of the most common assertions made against Environmental, Social and Governance (“ESG”) and other types of Responsible Investments (“RI”) is that, while it may be good for your conscience, it isn’t good for your wallet. Over the years, everyone from pension-fund gurus to high-powered billion-dollar asset managers have weighed in with the same pessimistic
Puerto Rico Secretary of the Treasury Teresita Fuentes resigned Friday six months after assuming the post. Fuentes said her resignation was effective immediately. Teresita Fuentes, who assumed the position in August, announced her immediate resignation as Puerto Rico’s treasury secretary. Government of Puerto Rico She thanked Gov. Ricardo Rosselló for being allowed to serve in
Chinese stocks, especially ones that are new to U.S. markets, may seem like appealing investments, but to CNBC’s Jim Cramer, most of them aren’t worth the risk. In 2018, 31 Chinese companies had initial public offerings on U.S. stock exchanges, up from 12 the year before. The 2018 deals raised about $8.5 billion in gross
Troubled crypto exchange QuadrigaCX, whose customers have been unable to withdraw funds for months, has been inaccessible for several hours. The Canadian company, which has faced a prolonged banking fight and said its CEO and founder died last month, blamed a system upgrade for the Monday outage. It was not immediately clear when the exchange would
Check out the companies making headlines after the bell: Shares of Whirlpool fell nearly 7 percent Monday after missing on fourth-quarter revenue and giving weak full-year earnings guidance. The home appliance company posted mixed earnings with $5.66 billion in revenue, compared to the $5.76 billion estimated by Wall Street. Earnings per share were $4.75, beating
Kik, a Canadian-based cryptocurrency social media startup, has warned the SEC that it would fight back against alleged securities infractions. As first reported by the Wall Street Journal, Kik is fighting back regarding its 2017 initial coin offering (ICO). Kik Fights Back During its ICO, the Canadian-based app company raised almost $100 million in ‘kin’
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