When it comes to money, as with many things, men and women approach the topic differently. Though traditional gender roles are changing, many opposite-sex couples still adhere to them, with men generally taking the lead on finances and women taking a less active role. That’s according to a recent study from UBS Global Wealth Management,
Month: March 2019
Check out the companies making headlines before the bell: CarMax — The auto retailer reported quarterly profit of $1.13, 9 cents a share above estimates. Its revenue fell below Street forecasts. Comparable-store used car sales were up 2.8 percent compared to a year earlier. Lyft — Lyft priced its initial public offering at $72 per
Litecoin’s (LTC) price has doubled in the first three months of 2019 to register its best first-quarter performance on record. The fourth-largest cryptocurrency by market capitalization is currently trading at $61, representing a 100 percent gain on January’s opening price of $30. It clocked a six-month high of $64.20 earlier this month, according to Bitfinex
Denver, Colorado topped the list for high-earning renters. Getty The high-earning renter segment is growing rapidly according to a recent report from Apartmentlist.com. The higher-earning renter household ($100,000 annual earnings) is the “fastest growing segment of the U.S. housing market,” according to the report. Between 2008-2017, there were close to 2 million high-earning households to
Homebuyers signed 1 percent fewer contracts to buy existing homes in February compared with January, according to the National Association of Realtors’ pending home sales index. These contracts are a harbinger of closed sales one to two months later. Pending contracts were 4.9 percent lower tha a year earlier. “In January, pending contracts were up
Believe it or not, there are more ways to anticipate the future market value of bitcoin than through practicing technical analysis or by observing network activity developments. While valuable in their own right, thanks to researchers Willy Woo and David Puell, several new experimental bitcoin valuation metrics were released in February that combine the two
While the municipal bond calendar slips for the upcoming week, buyers will get a taste of the unusual as several out-of-the-ordinary deals are slated to come to market. IHS Markit Ipreo forecasts bond volume will fall to $5.5 billion from a revised total of $7.5 billion in the prior week, according to updated data from
Betting on Wells Fargo might not be a safe bet, according to one strategist. The stock caught Wall Street’s attention Thursday following the company’s announcement that CEO Tim Sloan was retiring effective immediately. Shares initially surged on the news in after-hours trading before reversing and shedding over 1.5 percent in Friday’s session. But even these
Check out the companies making headlines midday Friday: Celgene — Shares of Celgene rose 6.58 percent after proxy advisors Institutional Shareholder Services and Glass Lewis recommended that Bristol-Myers Squibb shareholders vote in favor of its bid to buy Celgene. The recommendations come weeks before shareholders vote on the $74 billion buyout of the biotechnology company.
Blockchain technology has many uses. Mostly synonymous with the financial sector and for crypto trading, it might surprise some to learn that the fashion industry has found a clever use for the technology. Dubbed the AURA blockchain, luxury brand conglomerate and owner of the Louis Vuitton fashion label, LVMH, has developed the LVMH blockchain. The
David Weisberger is co-founder and CEO of CoinRoutes and a veteran of building trading desks and financial technology businesses. The opinions expressed in this article are his own, and do not reflect CoinDesk’s position. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market, with news and views
Listed for $5.2 million, Nantucket Lightship was converted into a luxury yacht residence with a bright red hull and custom wood interiors. Courtesy of William and Kristen Golden Who wouldn’t want to live on Nantucket? It’s uniquely blessed with galvanizing ocean waves, phenomenal whale watching and mesmerizing sunsets. Nantucket Lightship has served the USA well
House prices in London are falling at the fastest rate in a decade. According to the Nationwide House Price index, prices over the first three months of 2019 in London dropped 3.8 percent in value, compared to the same period in 2018. The biggest drop since 2009. The average house price in London during the
View Bitcoin jumped to a five-week high of $4,100 earlier today, reinforcing the bullish view put forward by the recent bounce from the crucial 30-day moving average support. That, coupled with the flag breakout on the 4-hour chart, indicates scope for a re-test of $4,190 (February high). The short-term bullish case would weaken if prices
A Puerto Rico Electric Power Authority union has offered the appointment of an inspector general to the PREPA bankruptcy judge as an alternative to a bond insurer proposal for a receiver. The union, Unión de Trabajadores de la Industria Eléctrica y Riego, filed the suggestion in the PREPA bankruptcy Friday morning. In the same document
Lyft has arrived. The ride-hailing company went public Friday, surging 20 percent above its initial offering price of $72. The shares traded in the $80 to $88 range for most of the session, with more than 19 million shares traded as of noon Friday. Market watchers are largely encouraged by Lyft’s successful opening, as it
We are ending the first quarter on a note of modest anxiety over lower Treasury yields, but investors should be very happy with their investment portfolios. It’s not just that the S&P 500, up 11.9 percent, is having its best quarter since 2012. Everything is up, and I mean everything, including stocks and bonds. The
Stocks head into the second quarter propelled by the best quarter in nearly a decade as the long tepid IPO market starts to simmer again. But the markets also face a reality check in the week ahead with some key data that could help clarify whether the economy is losing steam or just stumbling through
Bitmain Technologies has abandoned its IPO enthusiasm after the company’s Hong Kong stock market proposal listing expired earlier this week, sparking debate on the future of the entire cryptocurrency market. The company did say that it plans to reapply at an appropriate time in the future, saying that “despite the huge potential of the cryptocurrency
Mark Karpeles, former CEO of the long-defunct bitcoin exchange Mt. Gox, is to appeal his conviction on data manipulation charges earlier this month. According to a report from The Associated Press on Friday, Karpeles said he had decided to appeal because the Tokyo District Court did not fully look at the defense arguments. Karpeles said:
Innovation in Houston will have a centerpiece in The Ion, part of the emerging innovation corridor being cultivated by a public-private initiative to grow the city’s entrepreneurial ecosystem. Courtesy of Rice University A building, a concept and a mindset, “The Ion” in Houston will be the centerpiece of an innovation district within an innovation corridor
Sales of new U.S. single-family homes increased to an 11-month high in February and sales for January were revised higher, suggesting that lower mortgage rates were starting to lift the struggling housing market. The Commerce Department said on Friday new home sales rose 4.9 percent to a seasonally adjusted annual rate of 667,000 units last
View Bitcoin created a bullish “engulfing candle” last month, confirming seller exhaustion. A bullish reversal, however, would only be confirmed if price closes above $4,190 (high of the engulfing candle) on March 31. A bullish monthly close would open the doors to $5,000, although gains may be hampered by the crucial 21-week moving average, which is
In the week ended March 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.87% from 3.96% the previous week. The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields plummeted 13 basis points to 3.79% from 3.92% the
The CEO of Wells Fargo is stepping down. Tim Sloan, who took over as chief executive of the bank in 2016, will retire, the bank said in a press release Thursday. Allen Parker will take over as Interim CEO and president. Wells Fargo shares jumped 2.6 percent in extended trading Thursday following the announcement. Shares
“I think buying new offerings in a hot market is something the average investor should not think about at all.” said Warren Buffett on CNBC Thursday, when asked about buying into the Lyft IPO, which is scheduled to begin trading on Friday. I got a call from a trader friend Thursday afternoon, someone who’s been
The first quarter is on track to be the best in nearly 10 years, and the best start to the year for the S&P 500 since 1998. While it’s not likely to repeat those gains, analysts say the second quarter could be good for stocks even with some bumps. The S&P 500’s 12.3 percent first
Weiss Cryptocurrency Ratings released its March 2019 “Weiss Cryptocurrency Outlook” report, with Ripple (XRP), EOS, Bitcoin (BTC), and Binance Coin (BNB) receiving the top four spots on the list of 122 cryptocurrencies. Weiss Ratings is the world’s only financial rating agency that provides grades on cryptocurrencies. The report, which is called “Dark Shadows with a Bright
Daniel Cawrey is CEO of Pactum Capital, a cryptocurrency investment firm focused on market making and liquidity. Formerly a CoinDesk Contributing Editor, he is author of the upcoming “Mastering Blockchain” book to be published by O’Reilly Media. Recently, a report was produced by Bitwise Asset Management showing the existence of faked volumes in the bitcoin
The second round of Opportunity Zone regulations is currently under review by the federal government’s Office of Management and Budget (OMB). Final rules should be released in the next week or two, and there are wide expectations that the 50 percent test for business investments in Opportunity Zones as well as many of the real
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