Dangers may lurk in index funds, a popular area of the stock market known for their recent and consistent record of outperformance against actively managed funds, according to experts. A recent op-ed in the New York Times cautions that passive index funds may be vulnerable to bias, and possibly manipulation, as interest in those funds
Month: February 2019
Bondholders of Puerto Rico’s primary pension system filed a motion to seize control of the system. About 30 investment funds filed the motion in the Title III bankruptcy for the Employees Retirement System. The motion was entered in the U.S. District Court for Puerto Rico on Wednesday. Chapman Strategic Advisors Managing Partner James Spiotto said
Deutsche Telekom forecast that its earnings would continue to grow in 2019 but by less than expected as Chief Executive Tim Hoettges looks to close a key U.S. merger, acquire spectrum and roll out 5G services. After a 5 percent rise in 2018 core profit, Europe’s leading mobile operator expects 2019 adjusted earnings before interest,
The total volume of all cryptocurrency trading as tracked by market metrics leader Coinmarketcap hit a 300-day high Tuesday, reaching $33.85 billion, the most observed in 10 months. As such, the data point is the latest to suggest that trading activity in the cryptocurrency markets is increasing – Coinmarketcap tracks the aggregate trading volume of 2,074 cryptocurrencies, including
Check out the companies making headlines after the bell: Avis Budget shares soared nearly 11 percent after hours Wednesday following the release of the rental car company’s fourth-quarter earnings beat. Earnings per share were 53 cents, beating estimates of 37 cents. Revenue was posted as $2.05 billion, compared to the $2.04 forecast by analysts surveyed
ERA Timepieces (www.eratimepieces.com) is a new luxury watch company that has taken haute horlogerie complications and made them accessible to the common man. And with various forms of cryptocurrency now spreading globally, Michael and his team have begun accepting forms of it as payment, making his company the first ever to receive two different types
Caren Maio, cofounder of Nestio.Nestio Caren Maio does not back down from a challenge. After years of battling New York City’s rental market, which she describes as “the Wild West,” she entered the science, math, engineering and technology (STEM) fields to cofound her online real estate company, Nestio. With a background in sales and publishing for
SoftBank’s Vision Fund has poured billions of dollars into real estate technology, from its massive stake in co-working space provider WeWork to the hundreds of millions of dollars in online platforms Opendoor and Compass. The Vision Fund’s latest big bet is in another corner of the real estate market: storage. SoftBank said Wednesday it led
View Bitcoin witnessed an inverse head-and-shoulders breakout on Monday and rose to $4,000 yesterday, confirming a bullish reversal on the daily chart. The trend change is backed by a jump in trading volumes to levels last seen in May 2018. The rally, therefore, looks to have legs and December highs above $4,200 could come into
Economist Burton Malkeil has called the index fund “the most important financial innovation that has been created for the individual investor.” And one look at index-fund pioneer Vanguard’s performance over the past decade shows that many individual investors agree. For the past 12 years, Vanguard has taken in more money on a net basis than
WASHINGTON — The Trump Administration’s decision to strip funds from the California high-speed rail project leads to a potentially dangerous politicized approach to financing infrastructure, sources said. On Tuesday, the Trump administration said it was terminating a $929 million dollar federal grant to the California High-Speed Rail Authority, according to a U.S. Department of Transportation
Freeport-McMoRan has struck gold. The miner’s shares surged on Tuesday in its fifth one-day rally of more than 5 percent since the beginning of the year. Ari Wald, head of technical analysis at Oppenheimer, says he doesn’t see a strong fundamental picture but the technicals support another rally from here. “It doesn’t fit any of
The amount of money allocated to short bets against bitcoin fell to a more than 6-month low during Tuesday’s trading session, data from the popular cryptocurrency trading platform Bitfinex reveals. At 13:00 UTC today, the total funding in BTC shorts, or positions that would profit from a decline in the price of the underlying bitcoin
The markets are starting off with a somewhat defensive edge on Tuesday, but the overall trend has been remarkably positive. So, why are so many people cautious about the markets? You wouldn’t be cautious looking at the details. Breadth as measured by the advance/decline line has been improving almost every day since the Dec. 24
Check out the companies making headlines after the bell: Devon Energy shares surged more than 6 percent after reporting fourth-quarter earnings and plans to separate its Canadian and Barnett Shale assets. The company said these plans aim “to complete the transformation to a high-return U.S. oil growth business.” The oil producer’s adjusted earnings per share
A cryptocurrency bull run has taken hold of the entire crypto market. Digital coins have been rallying back (and then some) in recent days. The gains continue today as, according to CoinMarketCap, all the top 20 coins stay in the green. Cryptocurrency Bull Run At the time of writing, Bitcoin—the largest coin by market cap—is valued
Ten-X Commercial President, Maureen WatersDale Marek for Ten-X Commercial “I’m currently reading Subscribed by Tien Tzuo,” says New York-born Maureen Waters President of Ten-X Commercial. She believes the subscription economy will be part of the 10 year-old global proptech platform’s future. Ten-X manages almost $53 billion dollars of commercial real estate transactions according to its
Payless ShoeSource filed for bankruptcy protection on Monday, a day after it began winding down its 2,500 U.S. stores. The retailer, founded in 1956 in Topeka, Kansas, expects all stores to remain open until at least the end of March and the majority until May. That will keep many of its stores open through the
The U.S. Securities and Exchange Commission (SEC) may make an initial decision on not one, but two different bitcoin exchange-traded fund (ETFs) proposals by April 5. A bitcoin ETF proposal submitted (for a second time) by VanEck, SolidX and the Cboe BZX Exchange is expected to be formally published in the Federal Register Wednesday, kicking off
New Jersey is on pace for a revenue shortfall driven largely by the effects of federal tax law changes, according to Gov. Phil Murphy’s administration. The Garden State’s tax collection growth from major revenue sources is at 3% seven months into the 2019 fiscal year, a Department of Treasury report said last week. The Murphy
Google unveiled an ambitious plan eight years ago to build a wind energy project in the Atlantic Ocean running all the way from New York to Virginia. That massive “underwater spine” has been slow to progress, but Google is moving ahead with its first water-based renewable energy project — it is just a little smaller
View Bitcoin jumped to one-month highs earlier today, validating the falling wedge breakout seen in the 4-hour chart on Friday. The outlook as per the daily chart remains neutral, as the cryptocurrency is still trapped in a symmetrical triangle. That said, a break above the upper edge of the triangle, currently located at $3,760, looks
Check out the companies making headlines before the bell: PepsiCo – The beverage and snack giant reported adjusted quarterly profit of $1.49 per share, matching Street forecasts, while revenue beat estimates. However, PepsiCo also forecast an unexpected drop in full-year profit, due to a stronger dollar and increased investments. Deere – The heavy equipment maker
According to Cointelegraph, Europe’s Banco Santander and tech behemoth IBM have announced an accord involving the IBM blockchain. The pair signed a $700 million USD deal aiming to increase Santander’s technological developments. The news was released yesterday via a press release. IBM Blockchain The deal is a five-year “global technology agreement” that will improve the bank’s services
This Lakeside Container Cottage was designed by Christopher Bittner and is 720 sq. ft. in San Diego County CA. The exterior of the house is completely non-combustible because it is in a wildfire zone. Non-combustible exterior elements include dual pane-tempered exterior glass, Class A roofing materials, and fire sprinklers. Siding and soffit panels are cement
Bullish bets on bitcoin, the world’s largest cryptocurrency by value, reached 11-month highs on Monday, according to the data from the cryptocurrency exchange Bitfinex. The number of long positions on bitcoin’s US dollar-denominated exchange rate (BTC/USD) jumped to 38,237 BTC at 04:10 BTC – the highest level since March 30, 2018 – and were last
Business activity grew modestly in New York State in February, according to firms responding to the New York Federal Reserve’s Empire State Manufacturing Survey. The New York Fed said on Friday that the general business conditions index rose five points to 8.8. “Manufacturing firms in New York State reported that business activity grew, though like
If you’ve stashed some cash in a savings account, this is your time to shine. Signs of rising inflation, which pushed the Fed into hiking rates beginning in 2015, are finally having a significant effect on the annual percentage yield banks pay consumers on their money. As a result of the increase, savings rates are
The clock just started on the latest effort to launch a bitcoin exchange-traded fund (ETF). The U.S. Securities and Exchange Commission (SEC) announced it was beginning its review of a bitcoin ETF rule change proposal filed by NYSE Arca and Bitwise Asset Management on Feb. 11, and the proposal itself was published in the Federal Register
The stock market is euphoric over the idea that a trade deal between the U.S. and China will fix the economy and boost earnings. However, the bond market is a different story. There, investors still perceive uncertainty, and even a possible recession lurking. “One of these markets is going to be wrong, and it’s hard
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 8
- Next Page »