South Korean-headquartered cryptocurrency exchange Bithumb has launched a global over-the-counter (OTC) trading desk for digital assets. Announcing the news on Thursday, the firm said that the new Hong Kong-based venture – Ortus – is a “block deal, matchmaking service” for institutional clients. In an OTC deal, two parties trade directly with each other, unlike on
Month: February 2019
With little apparent progress in U.S.-China trade talks, the Trump administration could be about to open up a new front in the trade wars by taking on the European auto industry — and that could spook markets. U.S. negotiators head to China next week, and while there are few signs any kind of deal is
Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent
Underground swimming pool in the bomb shelter houseRealtor.com The famous Las Vegas Underground House has been making news for years as one of the most bizarre properties in the world. Located 2 miles east of the center of the Las Vegas Strip, this outrageous 14,620 sq ft concrete & steel doomsday bunker was created to survive a nuclear
When 55places.com, an online resource for active adult communities in the U.S., identified the most affordable places to retire in 2019, one sun-drenched state — Florida — stood out by landing four of the top five spots, if not the No. 1 perch itself, which goes to the most populous city in a much chillier
In the week ended Feb. 7, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.09% from 4.11% last week. The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased one basis point to 4.23% from 4.22% in the
Amazon CEO Jeff Bezos’ high-profile run-in with the publisher of the National Enquirer over a series of salacious photos seems to have rattled investors, CNBC’s Jim Cramer included. “It’s the last thing I want linger on,” the “Mad Money” host said on Friday. “But I’ve got to say I was surprised that the CEO of
Creditors of the failed cryptocurrency exchange QuadrigaCX are bracing for a fight – among themselves. Customers who had fiat currency balances at the exchange before it went offline and sought protection from creditors in a Canadian court last week are beginning to argue they should be paid back first from recovered assets. But they expect customers
The earnings deluge continues and inflation reports are due, but it will be the tone of trade talks in Beijing that could have the biggest impact on markets in the week ahead. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin head to China, as the U.S. and Chinese still appear to be far
A new Bitcoin (BTC) scam website has emerged. Back in 2017, when the cryptocurrency market hit mainstream news, scam sites began blowing up. Since everyone was so desperate to get their hands on digital currency or invest in a project that could give them 10X the return, the scammers often won. Now, cryptocurrency investors are
The famed model sold the historic mansion for more than $17 million.Out East It only took nearly a decade, but Christie Brinkley has sold her historic Sag Harbor mansion. And though the price tag was lowered $8 million over the years, it still reportedly sold for more than $17 million, so it’s safe to assume the
More consumers now see the door to homeownership slowly squeaking open, but they still think it’s pretty pricey. The share of Americans who say it is a good time to buy a home increased four percentage points to 15 percent in January compared with December, according to a monthly survey from Fannie Mae. The share
View The immediate outlook on bitcoin will remain bearish while prices are held below the 6-hour chart 50-candle moving average, currently at $3,471. Litecoin’s BTC-denominated exchange rate (LTC/BTC) clocked seven-month highs earlier today. A close above 0.010182 would confirm an inverse head-and-shoulders breakout and open up upside toward 0.013. The rally, however, may not happen
South Carolina lawmakers will dig deeper into selling state-owned Santee Cooper after receiving a report indicating high interest from companies willing to lower electricity rates and take out the public utility’s $8 billion in debt. The Public Service Authority Evaluation and Recommendation Committee decided Wednesday that the consulting firm ICF should prepare a new proposal
CNBC’s Jim Cramer would buy shares of Cisco on Friday if stocks continue their sell-off, he told a caller on Thursday. “If you asked me which stock to buy if we have another sell-off tomorrow, I am going to say Cisco, because you know I’m trying to make that my biggest position because you’re a
ErisX, a digital assets trading platform, has recruited three top-level officers from major companies in the financial and tech industries. Announced today, Robert Thrash joined the company as chief operating officer from Barclays, where he spent more than 11 years in various leadership positions. Most recently, he was the global bank’s managing director of agency derivatives
Check out the companies making headlines after the bell: Shares of Skechers surged more than 16 percent in extended trading after the company released fourth-quarter results that beat on its bottom line. The shoe company posted earnings of 31 cents per share, 8 cents more than consensus estimates of 23 cents per share. Despite higher-than-expected
Ripple has added 11 new universities to its University Blockchain Research Initiative (UBRI). With a strong emphasis on developing the upcoming generation of developers, the UBRI is designed to develop blockchain-focused academia and research. Ripple is extending its footprint globally by adding 11 new universities to its program. 11 New Universities to UBRI The UBRI launched
Photo Taken In New York City, United States photo credit: GettyGetty A new law went into effect last month that seeks to hold landlords more accountable for asthma-inducing housing violations, like mice, rats, mold and more. Though the jury is still out on whether the Asthma-Free Housing Act will have an impact on the rising
Sears was granted a new lifeline on Thursday as its sale to Chairman Eddie Lampert, through an affiliate of his hedge fund ESL Investments, was approved by Judge Robert Drain. The approval guarantees that Sears will live on at least until Friday, when Lampert’s $5.2 billion deal to buy the company is expected to close.
View Bitcoin suffered its lowest UTC close in over seven weeks on Wednesday, reinforcing the bearish view put forward by the rejection at the 50-candle moving average (MA) on the 6-hour chart yesterday. The close at multi-week lows also dashed hopes of a falling wedge breakout. The cryptocurrency also created a bearish outside reversal candle
Bill Gross’ track record as a bond fund manager has been roundly — and unfairly — criticized. Gross earlier this week announced his retirement from mutual-fund management. It’s no secret that Gross’ investment performance, while phenomenal up until 2014, thereafter took a dramatic turn for the worse and over the past four-plus years has been
Improved fund balance levels combined with tax base growth from economic development projects boosted the credit rating of Newark, New Jersey. Moody’s Investors Service upgraded Newark to Baa2 from Baa3 Monday, with a positive outlook, ahead of a $51.1 million general obligation bond competitive sale slated for Feb. 14. Moody’s had revised the city’s outlook
After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” “Their equipment might be more expensive
QuadrigaCX, the Canadian cryptocurrency exchange, made headlines world last week when it announced it was filing for creditor protection and owed upwards of $130 million or more to its customers. The long-suffering exchange has had banking issues for more than a year, and customers complained they could not easily withdraw fiat or crypto over the
Rising costs and lower prices are beginning to eat into profit margins. Analysts and strategists are puzzling over an unusual development: 2019 earnings estimates are dropping fast — they are down to a measly 0.5 percent for the first quarter, but revenue estimates are barely changed at 5.6 percent. The likely explanation: a combination of
Check out the companies making headlines after the bell: Shares of Chipotle rose as much as 10 percent in extended trading Wednesday after the company reported earnings that beat Wall Street’s expectations. The restaurant chain earned $1.72 per share on revenue of $1.23 billion, versus $1.37 on revenue of $1.19 billion, according to a survey
Web browser Opera announced earlier today that Android users can now buy Ethereum (ETH) directly from its browser wallet. For reference, ETH is currently selling for $104.75 USD per coin according to CoinMarketCap. Buying Ethereum on Opera To make Ethereum transactions possible in this manner, Opera has partnered with regulated crypto brokerage Safello to provide
Actor Stephen Dorff’s Malibu beach house is listed for nearly $8 million.Noel Kleinman courtesy of Compass If you had to pick actor Stephen Dorff out of a lineup, good luck. But you can pick up his beach house on Malibu’s La Costa Beach for a cool $7.98 million. Good luck there too. Stephen Dorff co-stars
As if tensions weren’t running high enough in Washington, D.C., Congress has another battle on its hands: renewing a package of breaks for the 2018 tax year. Say hello to the “tax extenders,” a series of temporary provisions in the code that have expired and must be reauthorized by elected officials retroactively each year in
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