Check out the companies making headlines after the bell: Cisco Systems shares jumped more than 4 percent after hours Wednesday after posting better-than-expected second-quarter earnings. The technology company beat on the top and bottom lines. They reported earnings of 73 cents on revenue of $12.45 billion. Wall Street estimated earnings of 72 cents on revenue
Month: February 2019
According to a Bloomberg report, Galaxy Digital Holdings founder Mike Novogratz believes that crypto institutional investment will be coming by next year. If this were to be the case, digital coins would most likely rally significantly. Crypto Institutional Investment In an interview with Bloomberg Television, the crypto magnate said the following about digital currency, which he dubs
Emily JohnsonCourtesy of Taylor Johnson Crisscrossing the grid, she connects Chicago. Emily Johnson is passionate about real estate. As president of Taylor Johnson, a public relations firm, Emily and her talented team serve the real estate industry exclusively. Among an inspiring cityscape of people and properties, they have a wellspring of real estate and related
Google’s massive footprint is only getting bigger in 2019. CEO Sundar Pichai said in a blog post on Wednesday that the company is building new data centers and offices and expanding several key locations across the U.S., spending $13 billion this year. Pichai outlined the plans, which include opening new data centers in Nevada, Ohio,
View Bitcoin is struggling to cross the 50-day moving average hurdle for the fifth straight day. The repeated failure at that key hurdle has neutralized the bullish outlook put forward by Friday’s falling wedge breakout. A convincing move above $3,630 (50-day MA) would revive the short-term bullish outlook and open the doors to $3,730 –
The Puerto Rico Sales Tax Financing Corp. (COFINA) swapped new bonds for old on Tuesday in the biggest municipal debt restructuring in U.S. history. What had been about $17.6 billion in COFINA bond par value became about $12 billion in new COFINA bond value. The Puerto Rico Oversight Board announced the consummation of the deal.
Alibaba co-founder Joseph Tsai told CNBC on Tuesday that the “structural issue” of the United States’ trade gap with China will reverse itself as the Chinese ramp up imports. The trade deficit will shrink once the Chinese government begins purchasing $40 trillion worth of goods as promised over the next 15 years, he said. Even
Litecoin has rallied sharply in the first six weeks of 2019, triggering speculation that investors may be pricing in a supply reduction that’s scheduled to occur in August. The world’s fourth largest cryptocurrency by market capitalization is currently trading at $44, having clocked a high of $47 last week. At that price, LTC was up
Check out the companies making headlines after the bell: Shares of Activision Blizzard were volatile in extending trading Tuesday following a mixed fourth-quarter earnings report and weak outlooks for both the first quarter and full year. The stock initially fell 3 percent after the company reported earnings of $1.29 per share on revenues of $2.84
Hong Kong blockchain week is right around the corner! Hybrid Summit has decided to host its annual event in China this year. Last year, the blockchain-centered educational event was held in Bangkok Thailand and in 2017, it was held in Studio City, Macau. Hybrid Summit 2019 will be held on March 7th at the AsiaWorld
President Donald Trump’s early childhood home in the Jamaica Estates neighborhood in Queens. (Andrew Lichtenstein/Corbis via Getty Images)Getty You need a Congressional pass to visit The White House. You need a security pass to visit Trump Tower. For President Donald Trump’s childhood home, all you need is $2.9 million—preferably in cash. Family room with life-size
The idea that the Federal Reserve has created a bubble in stock prices by pausing its initially hawkish rate hike agenda sounds like “nonsense” to CNBC’s Jim Cramer. “I can’t stress this point enough: When people talk about a Fed-induced bubble, they mean the Fed should be out there tightening aggressively and laying waste to
View Bitcoin has backed off 4 percent from three-week highs seen on Friday, but looks to have formed a bull flag – a bullish continuation pattern – on the 4-hour chart. A move above $3,630 would confirm a flag breakout and open the doors to $4,000 (target as per the measured move method). Acceptance below
The muni market firmed up on Monday, ahead of what should be another busy week. Ipreo forecasts weekly bond volume will rise to $6.4 billion, from a revised total of $6.1 billion last week, according to updated data from Refinitiv. The calendar is composed of $4.96 billion of negotiated deals and $1.4 billion of competitive
CNBC’s Jim Cramer is not short of macroeconomic worries, but one that he can’t quite get on board with is the worry that another U.S. recession is near. “Listen, I’m worried about many things: I don’t want another government shutdown, a dramatic increase in tariffs, the super-strong dollar that hurts our exports,” he said Monday
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, estimates it will spend more than $20 million this year in building Bakkt, its bitcoin futures trading and custody platform. In an earnings call for Q4, 2018, on Feb. 7, Scott Hill, ICE’s chief financial officer, said the firm’s investment in Bakkt will
Check out the companies making headlines after the bell: Shares of Gilead dropped as much as 5 percent after hours after the biotech company released disappointing test results from one of its chronic liver disease drugs. The company said it was “disappointed” the study did not achieve its goal but they “remain committed to advancing
In 2018, ICOs raised over $7.8 billion USD—up $1.6 billion from the year 2017. Most of these 2018 funds were raised in the first three months of the year. Cryptocurrencies have been on the decline ever since. Yesterday, the Securities and Exchange Commission (SEC) released their new guide to ICOs. This new SEC ICO guide
This Cafe Integrated cooktop from GE Appliances has app-based technology that will provide guided cooking and temperature control. The stove comes with a smart stainless steel skillet that communicates with the app and the burner. This product will be available for order in October.Photo courtesy of GE Appliances With only an electric stove option at my current
Amazon has shown that it is “antithetical” to New York values, and the company should not be allowed to build its second headquarters in Queens until it changes its ways, City Councilman Jimmy Van Bramer told CNBC on Monday. Bramer, deputy leader of the 51-member council, said one reason he is against the HQ2 deal
View Bitcoin gained 7.8 percent on Friday, confirming a falling wedge breakout on the daily chart. The bearish-to-bullish trend change was backed by a jump in trading volumes to levels last seen in mid-November. Prices could soon cross the 50-day moving average resistance at $3,642 and test resistance levels lined up at $3,800 and $4,000
Issuers are seeking clarity around new bond disclosure regulations outlined in an amendment to the Securities and Exchange Commission’s Rule 15c2-12 as the Feb. 27 deadline approaches. The Council of Development Finance Agencies and PFM hosted a webinar Thursday to shed more light on the requirements. “The big question is how will underwriters perform their
As bond yields fall on global growth fears, Wells Fargo is making some changes. This month, the firm cut both its year-end Federal Reserve interest rate hike forecast and bond yield targets. However, the firm’s global head of interest rate strategy said the decision has little to do with an economic slowdown abroad. “It boils
Voyager, a cryptocurrency brokerage startup founded by veterans of Uber and E*Trade, is going public on Canada’s TSX Venture Exchange through a reverse merger valued at $60 million. A reverse merger occurs when a privately held company acquires the majority of shares in a publicly traded one and the two firms are combined. In this
Check out the companies making headlines midday Friday: Skechers — The shoemaker’s stock jumped 18 percent after the company gave strong profit guidance for the quarter ahead. Skechers reported 2018 was “a year of record sales,” with the fourth quarter breaking above $1 billion in sales for the first time. Goodyear Tire — Shares of
US crypto traders are among the most active investors across all major cryptocurrency exchanges. This data came from the data analytics firm DataLight. Crypto traders from the US are the most active across the majority of the exchanges except for @bitfinex, which also has the most even geographical distribution of traders. pic.twitter.com/haxoUP6N57 — DataLight (@DataLightMe)
A new study by realtor.com finds that the vast majority of Generation Z values homeownership and sees it as a life goal. VHT Studios/Baird & Warner A large number of the Generation Z population might live with their parents now, but that doesn’t mean they don’t want to eventually own a home. Nearly 80% of the
An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed, but had sold in 2012 for $47 million. At the time, that marked
New York Mayor Bill de Blasio warned about several variables as he released his $92.2 billion preliminary budget for fiscal 2020. De Blasio, in his sixth budget presentation, cited a possible second federal government shutdown, an uncertain national economy and $600 million worth of cuts and cost shifts the state government has proposed for FY20.
Technology investor Paul Meeks is no longer avoiding the group that made him famous on Wall Street. Meeks, who ran the world’s biggest tech fund for Merrill Lynch in the late 1990s and early 2000s, expects the tech-heavy Nasdaq to end the year at least 10 percent higher. “I’m starting to creep out of the
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