View Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two. The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub-$3,700 levels yesterday. This “buy the dip” mentality
Month: February 2019
Minnesota trimmed about $500 million off its previously projected $1.5 billion surplus in its annual February revenue forecast, putting a damper on some of the new spending and bonding proposed by Gov. Tim Walz. “Minnesota’s budget and economic outlook has weakened since November” when the last formal forecast was published, according to Minnesota Management and
General Electric CEO Larry Culp has simplified the company’s report techniques and could be on the right path to fix the challenges in its power division, CNBC’s Jim Cramer said Wednesday. Culp, who became chief of GE in September, delivered his first annual letter to shareholders on Tuesday that Cramer said made a significant departure
A cryptocurrency project that appears to have raised at least $20 million through a referral-based marketing scheme has been advertising false information about its team members, a CoinDesk investigation has found. Launched on Dec. 2, BHB claims to offer an ethereum-based solution for peer-to-peer lending, but by Jan. 18, local media reports were already accusing the
Federal Reserve Chairman Jerome Powell sidestepped a verbal hand grenade in his Congressional testimony on Tuesday. Sen. John Kennedy, R-LA, asked Powell where he stood on recent trial balloons to restrict the ability of corporations to buy back stock. Powell reflected for a moment and said that the allocation of capital has always been left
Check out the companies making headlines after the bell: L Brands shares fell more than 8 percent in extended trading after posting mixed fourth-quarter earnings and weak full-year guidance. The retail company posted $4.85 billion in revenue, compared to the $4.88 billion forecast by analysts. Earnings per share were $2.14, beating Wall Street’s expectation of
JPMorgan Chase held their annual investor day yesterday. The company’s CEO, Jamie Dimon, was involved in a question-and-answer session and answered a few questions about the bank’s latest venture, the JPM Coin. The world’s first bank coin was originally meant for cross-border remittances, but it seems the bank may have other ideas for it down
Photocredit: GettyGetty When you go to apply for a mortgage, your lender will look at a handful of different factors that make up your financial situation. One factor that has a huge impact is your debt-to-income ratio. Below, we’ll take an in-depth look at what a debt-to-income ratio is, how it’s used, and how to improve
The supply of homes for sale is finally rising, but fewer buyers are able to afford these homes. That could result in a much slower spring market. Spring is usually the high season for housing, but high home prices have been taking their toll for months. The numbers point to potential trouble ahead. The median
Apple co-founder Steve Wozniak has spoken out about Bitcoin in a revelation that many would consider bullish in sentiment. Wozniak, in an interview with Bloomberg, has said of the coin that “we’ve seen massive value creation.” He also puts most of the market volatility down to fear-mongering and psychology. Apple’s Steve Wozniak The co-founder of Apple
View Bitcoin appears on track to snap its six-month losing streak and close February in the green for the fifth consecutive year. BTC may remain better bid in March, as the weekly chart is signaling bearish exhaustion. The short-term outlook remains bullish, with BTC holding above $3,714 and a bounce from 10-candle MA on the
A Securities and Exchange Commission settlement approved by the Oyster Bay, New York, Town Board does not require the town to pay any fines. Oyster Bay faced a November 2017 SEC lawsuit alleging it and former Town Supervisor John Venditto defrauded investors by hiding the existence and potential impact of side deals with a local
As the world learns more and more about how the world will operate with 5G, Cisco is one stock that investors should get their hands on, CNBC’s Jim Cramer said on Tuesday. The “Mad Money” host said while the Cisco stock is still cheap, selling for 15 times earnings and offering a 2.7 percent yield,
Ether price volatility could spike in the days ahead, courtesy of an upcoming ethereum upgrade scheduled for Thursday. The Constantinople hard fork, a planned two-part upgrade to the world’s second-largest cryptocurrency, is scheduled to occur once block 7,280,000 on the ethereum blockchain is mined. At the time of writing, ether’s block height is 7,272,826, meaning the
Check out the companies making headlines after the bell: After being halted for volatility, Weight Watchers shares cratered as much as 28 percent after hours Tuesday after posting dismal fourth-quarter earnings and weak full-year guidance. Missing on the top and bottom lines, the weight-loss and wellness company earned $330 million in revenue, missing Refinitiv estimates
It says a lot for cryptocurrency everywhere that one of the biggest phone brands in the world has added support for digital assets in its latest release. Samsung’s new Galaxy S10 series has done just that, with a built-in wallet function for Bitcoin, Ethereum, and two other altcoins. Samsung Galaxy S10 Supports Crypto A Samsung official
This new home on Six Pole Highway in Sag Harbor, N.Y., comes with two electric car charging stations in the heated garage.Douglas Elliman Real Estate When Zachary Tunick began constructing his newest home in Sag Harbor, he made sure to add the requisite amenities: Carrera marble counters in the chef’s kitchen, a master suite with
Home Depot‘s stock was shaken up for missing Wall Street estimates in the last quarter and it created a good opportunity for investors to buy, CNBC’s Jim Cramer said Tuesday. While the home improvement company came up short in earnings and revenue in its fourth quarter report before the bell and gave a weaker-than-expected forecast
View Bitcoin’s defense of $3,700 is encouraging, but a positive follow-through is needed soon to invalidate a bear flag pattern that has developed on the hourly chart. A UTC close below $3,714 would validate Sunday’s bearish outside reversal candle and confirm a bullish-to-bearish trend change. The probability of BTC closing today below $3,714 would rise
It has been raining in Nashville. I don’t mean a little rain, I mean 13.47 inches of rain through Feb. 23, a mere 3 inches shy of the record monthly rainfall we received in 2010, which unfortunately flooded my home and many others in the area. Needless to say, I’ve been more than a little
The College of New Rochelle is on the brink of closure after staff cuts, asset sales and a refinancing failed to alleviate a debt crunch. The 115-year old Catholic school in New York’s Westchester County said Friday that “cash flow challenges” probably will force an end of operations by the end of this summer. The
Caterpillar shares fell on Tuesday after UBS double downgraded the shares, citing slowing global construction demand. UBS downgraded Caterpillar from buy all the way to sell and lowered its 12-month price target to $125 from $154 a shares. Caterpillar shares dropped 3.5 percent in premarket trading to $136.45. “We believe 55 percent of CAT’s end
The number of short bets placed against the price of bitcoin on at least one notable exchange declined to their lowest total in 11 months on Sunday. Data from Bitfinex shows that bitcoin’s 8 percent drop in price on Sunday was accompanied by a 12 percent drop in the notional value of open short positions,
Check out the companies making headlines after the bell: Etsy shares surged as much as 12 percent after hours Monday based on strong fourth-quarter earnings. Beating on the top and bottom lines, the e-commerce company posted earnings per share of 32 cents on revenues of $200 million. Wall Street forecast earnings per share of 21
TRON’s CEO Justin Sun announced that his platform will be adding a group of upgrades this week. A TRON hard fork will take place on February 28th and will add four new features. #TRON will launch 3.5 hard fork upgrade on 2/28. New Features: 1. multi-sig and acct mng, institution ready 2. Dynamic energy adjustment
Compass agent McKenzie Ryan curates her Instagram feed with photos of NYC neighborhoods and landmarks.Kimani Calliste When it comes to social media marketing for real estate, which is driven by images and personalities, Instagram has emerged a key platform. Here, a few New York City brokers with four- and five-digit followings share how they use
Mortgage application volume increased 3.6 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications to purchase a home increased 2 percent for the week — the first uptick in a month — a sign of optimism in the housing market. “After four consecutive declines, purchase applications increased
Bitfinex has announced that some of the bitcoin stolen in a major 2016 hack has been returned by the U.S. government. In a blog post published Monday, the exchange said that 27.66270285 BTC – worth just over $104,000 at time of writing – have been received from the U.S. government, and come as the result of
Municipal bonds remained strong on Monday as a Wisconsin school district sold bonds in the primary market. The demand component of the muni market continues to drive firm prices, a New York trader said on Monday, adding that rich relative value fundamentals in the front half of the curve have not been deterring cash from
Warren Buffett said Monday that Berkshire Hathaway paid too much for Kraft, noting he might have misjudged certain aspects about the company. “I was wrong in a couple of ways about Kraft Heinz,” Buffett told CNBC’s Becky Quick on “Squawk Box.” “We overpaid for Kraft.” “It’s still a wonderful business in that it uses about
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