CNBC’s Jim Cramer implored investors on Thursday not to let day-to-day market volatility frighten them out of buying shares of great long-term performers like pharmaceutical giant Merck. “Merck is exactly the kind of company that investors circle the wagons around” during difficult macroeconomic events like long-lived government shutdowns, Cramer said on “Mad Money” amid a
Month: January 2019
Overstock.com’s much-anticipated security token trading platform, tZERO, officially began trading Thursday afternoon. The company announced in a press release that its secondary market for tZERO’s own security tokens had gone live, marking the first step toward trading other digital assets on the platform. Accredited investors can sign up to trade tZERO tokens through Dinosaur Financial
The government shutdown is beginning to seriously affect the business of Wall Street, in particular the critical issue of IPOs. If the government does not reopen soon, a serious backlog in initial public offerings could develop. Even if the shutdown ends soon, there is already likely some collateral damage: “I could easily see this pushing
Check out the companies making headlines after the bell Thursday: Shares of Intel dropped 7 percent following mixed earnings and weak first-quarter guidance. The semiconductor-maker reported $18.66 billion in revenue, compared to the $19.01 billion estimated by analysts. Earnings per share were $1.28, slightly higher than the $1.22 estimated on the Street. The company issued
Binance has just released a new over-the-counter (OTC) trading desk for larger transactions. The world’s number one-ranked cryptocurrency exchange released the new announcement yesterday via blog post. Binance Launches OTC Desk Last week, the largest US cryptocurrency exchange Bittrex launched its over-the-counter trading platform. Bitfinex was the first platform to initiate it back in 2016,
Jerome Powell, chairman of the U.S. Federal Reserve (Fed), speaking at a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on December 19, 2018. (Photocredit: Andrew Harrer/Bloomberg).© 2018 Bloomberg Finance LP The U.S. Federal Reserve (Fed) will maintain the target range for the federal funds rate at 2.25% to
Even if Sears‘ contested deal to save roughly 400 stores with ESL Investments secures approval from the bankruptcy judge, the owner of Kmart and Sears faces continued challenges that could reap benefits for Macy’s, J.C. Penney and Dillard’s, said credit ratings agency Moody’s Investors Service in a report published Thursday. The deal, announced earlier this
With bitcoin (BTC) showing resilience to negative news flow, a strong bullish move is looking increasingly likely. On Wednesday, the Chicago Board Options Exchange’s (CBOE) BZX equity exchange withdrew its request for a rule change by the U.S. Securities and Exchange Commission (SEC) that would have allowed it to list a bitcoin exchange-traded fund (ETF)
Puerto Rico Title III bankruptcy Judge Laura Taylor Swain raised further last minute hurdles for the final approval of a restructuring plan for $17.6 billion of sales and use tax bonds. In addition to ordering a supplemental brief in support of her legal authority to approve the Oversight Board’s revisions to the Puerto Rico Sales
The current macroeconomic environment makes it difficult for CNBC’s Jim Cramer to recommend even a best-of-breed stock like Emerson Electric, he said Wednesday after a solid trading session in the stock market. An old-line manufacturer involved in the industrial automation, fluid handling, climate control and oil and gas spaces, Emerson has been at the center
Crypto startups Zilliqa and MaiCoin have teamed up to create a centralized security token exchange in Singapore that will apply blockchain technology to the trading of traditional asset classes. Launched today, Hg Exchange aims to act as a “one-stop solution” for token issuers, buyers, sellers and market makers, providing participants access to privately held shares
The big concern as earnings season began was the outlook for this year’s growth. The big stocks reporting on Wednesday have all provided reassuring guidance for 2019, including Dow components United Technologies and IBM, both above consensus guidance, and Procter & Gamble, which was in line with guidance on strong sales. All three stocks were
There are certain stocks that historically post big gains after reporting fourth-quarter earnings. Bespoke looked back at the past eight fourth quarter reporting periods and found stocks that jumped the most on earnings reporting day. It found 15 large caps that rose an average 3.8 percent or more. Several stocks on the list also had
US entrepreneur and crypto enthusiast John McAfee has fled the United States to conduct his 2020 presidential campaign. The McAfee 2020 Campaign is, as of this day, in exile. I am being charged with using Crypto Cuttencies in criminal acts against the U. S. Government. More videos coming shortly. Stay tuned. pic.twitter.com/C75zcbnKTD — John McAfee
Share to facebook Share to twitter Share to linkedin At 952 feet, 220 Central Park South will be among the tallest residential buildings in New York. It is one of several super-tall structures scheduled for completion this year. Getty Images A Manhattan penthouse is now the most expensive home ever sold in the United States.
Hedge fund billionaire Ken Griffin closed a deal to buy the most expensive home ever sold in the U.S., paying around $238 million for a New York penthouse overlooking Central Park. The deal is the largest in Griffin’s recent $700 million, global real estate shopping spree, believed to be the largest ever for a U.S.
Bitcoin (BTC) traders could get cues from an apparent negative correlation that has developed between bitcoin and gold prices. Gold picked up a strong bid at $1,196 on Nov. 13 and jumped to $1,300 on Jan. 4, possibly due to a sell-off in the weakening U.S. dollar. The greenback was down against most currencies in
Michigan’s new treasurer, public finance industry veteran Rachael Eubanks, is ready to put her bond-finance experience to work if the job of steering Michigan’s finances under Gov. Gretchen Whitmer calls for it. Eubanks has worked in public finance for 13 years, most recently as a director at Robert W. Baird & Co. In that role
Ahead of its hotly anticipated launch, bitcoin futures exchange Bakkt has launched a hiring campaign. Eight new job posting were published Tuesday on the company’s website. Bakkt is looking for several experienced software developers, including mobile and blockchain developers; an institutional sales manager with experience in North America or Asia; and three higher-level positions including
Check out the companies making headlines before the bell: Johnson & Johnson – Johnson & Johnson earned an adjusted $1.97 per share for the fourth quarter, 2 cents a share above estimates. Revenue also topped forecasts, helped by stronger sales of cancer and psoriasis treatments. Travelers – The insurance company reported adjusted quarterly profit of
Announced today, Japanese banking giant SBI Group has invested in Swiss crypto startup Tangem. The company is the creator of a slimline hardware cryptocurrency wallet. SBI Group Invests in Tangem SBI is offering its support to Tangem with a $15 million USD investment. It will use the capital to expand into areas such as stablecoins, ICOs, tokenized
Share to facebook Share to twitter Share to linkedin View of The Beach public art installationSnarkitecture This winter, visitors to Chicago’s Navy Pier are invited to experience The Beach, a traveling interactive art installation created by New York-based design practice, Snarkitecture, in partnership with EXPO CHICAGO. Led by Snarkitecture partners Alex Mustonen, Daniel Arsham and
Investors should be selective in buying homebuilder stocks because the sector faces profitability risks even though the housing market is healthy, housing analyst Ivy Zelman told CNBC on Tuesday. The Zelman & Associates founder and CEO said she is bearish on the sector and put a hold on names such as PulteGroup Inc., Toll Brothers
Bitcoin (BTC) is witnessing the longest stretch of range-bound price activity in three months. The leading cryptocurrency by market capitalization has been largely restricted to trading between $3,700 and $3,500 since Jan. 11 – the longest stretch at such a narrow range since the end of October. Back then, the market had gone quiet, with
Puerto Rico bankruptcy judge Laura Taylor Swain this week pressed lawyers to tie up some legal loose ends in the plan of adjustment for $17.6 billion of sales tax bonds. At what may have been the final hearing in the Title III case, Swain heard arguments about a settlement of revenue between the commonwealth and
Sometimes, no movement is good movement. In the case of the government shutdown, money manager Larry Glazer believes it’s favorable for Wall Street — at least in the short term. His reasoning: It prevents lawmakers from passing policies that could be detrimental to corporate America. “Investors like less Washington, and they realize Washington isn’t always
Two executives from South Korean crypto exchange Komid have been handed down jail time for faking trading volume and deceiving investors. According to a report from CoinDesk Korea, the firm’s CEO Hyunsuk Choi received a three-year sentence for his role in the crime, as well as for embezzlement. Another member of the team, Park Mo,
Tesla – Tesla is cutting its full-time workforce by 7 percent to lower costs, according to an employee memo. In the memo, CEO Elon Musk said the cuts are needed along with manufacturing design improvements to achieve economies of scale and to maintain a viable company. (Read the full text of Musk’s email to Tesla
The entire cryptocurrency market has hit a bit of a bear run moving into the new week. Towards the end of last week, most digital currencies saw quite a spike in prices. That didn’t last long as most of them quickly plummeted towards the end of the weekend, taking off $5 billion from the total
Phtocredit: GettyGetty Often, post inspection negotiations can be hard on sellers. They may feel like the buyers are dissecting their home or trying to score an even lower price. However, it doesn’t have to be that way. If you go into these negotiations with a level head and the right attitude, you can help strike
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