A lagging indicator has turned bearish for the first time in four years, suggesting bitcoin’s price may have bottomed out and that a new bull run could begin this year. As of press time, bitcoin’s 50-week moving average has dropped below the 100-week MA, confirming a bearish crossover – the first since April 2015. Long-term
Month: February 2019
Check out the companies making headlines before the bell: AutoNation – The car retailer reported adjusted quarterly profit of $1.10 per share, 4 cents a share shy of estimates. Revenue also came in below analysts’ forecasts. Separately, the company announced that CEO Mike Jackson will step down March 11 and become executive chairman. He’ll be
Bitcoin ETFs are a hot topic with the US regulators. The Securities and Exchange Commission, in particular, has been expected to approve some of the applications for some time now, but it looks like they are trying to avoid it at all costs. Furthermore, most of the applications have been either denied or completely ignored
Designed by Jodi Berger.JLA Designs There is nothing quite like the eye of an interior designer. Having a professional choose furniture or design a room will always elevate it. This isn’t just about knowing what pieces coordinate best, which finishes to choose or what the latest trends are, but how to put it all together. I
U.S. home sales fell in January to their lowest level in more than three years and house prices rose only modestly, suggesting a further loss of momentum in the housing market. The National Association of Realtors said on Thursday existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units
The San Diego County Water Authority’s long-time general manager, Maureen Stapleton, informed the agency’s board this week that she will be retiring. Sandy Kerl, who has been the authority’s deputy general manager since 2009, will serve as acting general manager, while the 24-member water wholesaler conducts a search. Maureen Stapleton has headed the San Diego
A leading Wall Street firm predicts global interest rates could fall to three year lows this year — to about 1 percent. According to Medley Global Advisors’ Ben Emons, the scenario is becoming more likely because inflation is very subdued. “With all this shock that happened in the fourth quarter and energy prices falling quite
Bitcoin’s price climbed back above $4,000 on Saturday for the first time over over two months as the broader cryptocurrency market flashed green. At 18:00 UTC on Saturday, the world’s largest cryptocurrency by market capitalization surpassed the $4,000 mark to ultimately reach $4,146 – its highest price since Dec. 24 of last year, according to pricing data from CoinDesk. Bitcoin’s
Check out the companies making headlines midday Friday: Kraft Heinz — Shares of Kraft Heinz plummeted 27 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The company also disclosed a Securities and Exchange Commission subpoena as part of a probe into its accounting policies and cut
When QuadrigaCX’s founder Gerald Cotten died last month, he took the private keys to Quadriga’s cold storage wallets with him. The founder and CEO died from Crohn’s disease in December 2018. He was the only individual to know the private keys that could access $136 million USD in cryptocurrencies stored offline. QuadrigaCX Creditor Protection After
San Francisco housing markets offer new buyer opportunitiesGetty Buyers should revisit the housing markets in Los Angeles and San Francisco for new buying opportunities according to Selma Hepp, chief economist at the San Francisco office of Compass, the national luxury brokerage firm. “The story is there are real opportunities out there for buyers now. There
Lower mortgage rates should have given home sales a boost in January, but they did not. Sales of existing homes fell 1.2 percent to their lowest level in more than three years compared with December and were a wider 8.5 percent lower annually, according to the National Association of Realtors. That could be good news
A more robust new issue slate awaits municipal bond buyers as supply rises after a holiday-shortened trading week. IHS Markit Ipreo forecasts weekly bond volume will increase to $4.9 billion from a revised total of $2 billion in the prior week, according to updated data from Refinitiv. The calendar is composed of $3.5 billion of
Each year in early May, tens of thousands of Warren Buffett disciples come to Omaha for Berkshire Hathaway’s annual meeting, featuring a marathon 6-hour question-and-answer session with Buffett and his business partner Charlie Munger. They cover a wide variety of topics, including how they make their investment decisions. They emphasize that you should buy a
QuadrigaCX’s online wallets for bitcoin and ethereum have nearly been emptied and the funds sent to the failed cryptocurrency exchange’s court-appointed monitor, Ernst & Young (EY). On Feb. 14, 52 bitcoin (BTC) and 960 ether (ETH) were sent to freshly created blockchain addresses from addresses identified earlier as belonging to the Canadian exchange. The amounts matched
We are still in the longest bull market on record, yet the entire trading community seems convinced the bull market is about to roll over. If analyst estimates are trustworthy, we are on the verge of an earnings recession, that is, two consecutive quarters where earnings growth goes negative compared to the same period the
The coming week could be one of the most pivotal for the White House and the markets, depending on how President Donald Trump chooses to proceed with China trade tariffs and what is in a possible report from Special Counsel Robert Mueller on the president’s campaign. Trade talks have been making apparent progress between U.S.
OKEx has just listed Ripple (XRP) and Bitcoin Cash (BCH) on its customer-to-customer platform, according to a report released this morning by Cointelegraph. The customer-to-customer platform is the cryptocurrency exchange’s newest venture. At the time of writing, OKEx is the top cryptocurrency exchange by its 24-hour trade volume. OKEx Adds Ripple (XRP) and Bitcoin Cash (BCH)
Just because you rent doesn’t mean you can’t upgrade.Stikwood According to a Pew Research Center analysis of Census Bureau housing data, as of 2017, more people in the US are renting their homes than any other time in the past fifty years. However, there is no data that reveals how many of these households wish their units had a little refresh.
If anyone can pull off Zillow‘s plan to start buying and selling homes, returning CEO Rich Barton is the one to get the job done, said RBC Capital Markets’ internet analyst Mark Mahaney. Mahaney told CNBC on Friday that Barton, who co-founded the online real estate marketplace in 2005 and led it until 2010, has
View Bitcoin’s low-volume price consolidation has taken the shape of a bull flag on the 4-hour chart. A break above $3,930 would confirm a flag breakout and open the doors to $4,330 (target as per the measured move method). The flag breakout looks likely, as the longer duration charts are biased bullish: Monday’s high-volume triangle
Gold has rallied 12% since last August, but it’s still a buy. So are gold mining stocks. The metal and mining companies look like a good hedge against possible global turbulence, stagflation or recession ahead. Gold is a play on possible dollar weakness, too. “I remain very positive and constructive on gold,” says Frank Holmes,
Puerto Rico’s economic activity index extended its decline to a fourth straight month in December. The December economic activity index value was 0.7% below that for November. The index was up 16.1% from December 2017, when Puerto Rico was still recovering from the effects of Hurricane Maria. Compared with December 2016, December’s economic activity index
If you want to invest in individual stocks, you have to be ready to do your homework, CNBC’s Jim Cramer said on his show Thursday. The “Mad Money” host told a story from his childhood about how his father, “Pops,” began buying stocks of National Video through a tip that he received from his brother.
A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token. In an announcement Thursday, Banco BTG Pactual said it will back its blockchain-based token with distressed Brazilian real estate assets, with the expectation of raising up to $15 million. It will also establish a secondary market following the sale in
Check out the companies making headlines after the bell: Shares of Zillow fell as much as 8 percent in extended trading and then regained those losses to trade up more than 8 percent after the online real estate company announced its CEO Spencer Rascoff will be stepping down. Zillow co-founder and former CEO Rich Burton
Less than 24 hours ago, Samsung Mobile announced the release of its next-generation Galaxy smartphone. The new Samsung Galaxy S10 is beautifully designed, and it includes a new feature that many crypto enthusiasts might appreciate. Meet the Next Generation Galaxy. #GalaxyS10Learn more: https://t.co/UstjA79jjF pic.twitter.com/hXOOfafTH1 — Samsung Mobile (@SamsungMobile) February 20, 2019 Enter Your E-mail Address
Visualization for the new city of Cyclocroft, Colorado.B4Place Wealth guru Pete Adeney has teamed up with a Netherlands-based urban design consultancy to float the idea of a planned community in Colorado that would be car-free and bicycle-friendly. Situated between Longmont and Boulder, the new community – provisionally known as Cyclocroft – would be built in
William Rudin, head of his family’s New York City property development empire, told CNBC on Thursday that the political pressure that led Amazon to withdraw its plans to build a Queens headquarters was borne out of a lack of understanding of the benefits. “Unfortunately, that message didn’t get out in the way it should have,”
View Bitcoin’s three-day chart is showing a bullish crossover of the 5- and 10-day exponential moving averages for the first time since July. The crossover looks decisive as both EMAs are now trending north, validating the bearish-to-bullish trend change signaled by the high-volume triangle breakout seen on the 3-day chart. The cryptocurrency could test December
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