Month: February 2019

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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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