Homebuyers got a big boost to their purchasing power this week thanks to falling mortgage rates. The average rate on the 30-year fixed-rate mortgage fell to 4.06 percent with an average 0.5 point for the week ending Thursday, down from last week when it averaged 4.28 percent, according to Freddie Mac. A year ago at
Month: March 2019
View Bitcoin has again created a higher low along the 30-day moving average line, neutralizing Monday’s bearish close below $3,920. A move above $4,055 (March 21 high) is still needed to revive the short-term bullish setup. That could be followed by a rally to resistance levels lined up at $4,190–$4,236. A UTC close below the
It’s proxy voting season again, when companies hold their annual shareholder meetings and let their investors vote on resolutions on everything from board candidates to diversity to parental leave. This year, investors are gearing up to vote on 303 resolutions that touch on environmental, social and governance (ESG) issues. But if 2018 was any indication
Rising passenger counts at the Hartford airport prompted a bond sale to pay for a consolidated car rental facility. The quasi-public Connecticut Airport Authority, owner and operator of Bradley International Airport, priced $151 million of customer facility charge revenue bonds on Wednesday. Bradley, 12 miles north of Hartford and sitting between Boston and New York,
Deutsche Bank named Japanese video game maker Nintendo its top pick, saying its valuation is “compelling.” “We are recommending Nintendo as our top Buy idea within our coverage universe. We believe the Buy Nintendo thesis is now an out-of-consensus call on the stock,” the bank’s analyst Han Joon Kim said in a note on Wednesday.
The Federal Reserve’s March meeting was expected to have been uneventful. Instead, it helped set off what is now a week’s worth of upheaval in global bond markets that could still have a ways to go. Across the world’s financial markets, bond yields have been sliding as investors jump into sovereign debt and the expectations
According to Medium, Bitcoin and other cryptocurrencies will be able to be sent through the WhatsApp messaging service. A new crypto wallet service developed by Wuabit will mean the sending of crypto via WhatsApp. Wuabit The Wuabit service will give users access to their tokens through WhatsApp. In essence, the wallet will appear linked to
While leading cryptocurrency exchanges like Coinbase and Binance feverishly add new tokens, smaller exchanges serving emerging markets are pivoting toward retail applications of the lightning network’s bitcoin scaling solution. The latest is Singapore-based exchange Zebpay, which now offers lightning wallet options for users who want to send lightning-enabled payments to external wallets. Bitcoin users can
The median sales price is $637,250 in New York City, according to StreetEasy. That’s nearly three times the national median of $230,100. Getty Saving for a down payment on a home in New York City can take nearly two decades, according to a new report. The current median sales price is $637,250 in New York
Homebuyers are less likely to get into bidding wars now that the housing market has cooled off a bit. During the first three weeks of March, a mere 16 percent of buyer offers written by real estate brokerage Redfin faced a bidding war. That is a sharp drop from the 61 percent a year earlier.
View Bitcoin fell below $3,920 yesterday, as expected, confirming a short-term bullish-to-bearish trend change. As a result, the crucial support of the 30-day moving average, currently at $3,883, could be breached in the next day or two. A break below the 30-day MA, if confirmed, would strengthen the case for a deeper drop toward the
Municipal bond buyers had the pick of the litter as a variety of high-grade, high-yield and taxable deals hit the market on Tuesday. The new deals gave the municipal market a jump-start in the midst of a period of supply-demand imbalance. “There is very strong demand,” said Dan Urbanowicz, senior portfolio manager at Ziegler Capital
Beware market bulls: The stock market’s stellar rebound this year could be driven merely by a short-lived trend. Investors started this year in a buying mood, pushing up prices of last year’s laggards, which is the logic behind Wall Street’s “January effect,” a theory that there is a seasonal rally in stocks during the first
The former CEO of Enron, Jeffrey Skilling, is reportedly looking to start a blockchain company just a month after being freed from jail for his role in the energy giant’s massive accounting scandal back in 2001. According to a Wall Street Journal article on Monday citing sources “familiar with the matter,” Skilling may be planning
The bond market doubled down on scary warnings Monday, signaling both a possible recession is looming and that the Fed could have to cut interest rates this year to stop it. “People are starting to get fearful,” said Andrew Brenner of National Alliance. “It won’t last for long, but they’re getting fearful about a recession.
Malta-based crypto exchange OKEx has announced plans for its own decentralized exchange or DEX on its own blockchain. The company made the announcement on Friday detailing the OKEx blockchain. OKEx Blockchain: OKChain According to a release on Medium, the company detailed how its operations team has been developing a blockchain called OKChain. The blockchain will be
Quay Tower, a luxury development in Brooklyn Heights, near the Brooklyn Bridge Park Pier 6 ferry stop. Douglas Elliman New Yorkers are being ferried around the city’s waterways more than ever, and luxury new developments are capitalizing on the trend. Once mostly associated with commuters who braved the cold winds of winter to travel back
Skiers in the western U.S. are enjoying one of the best seasons in years. But experts warn that years like this are quickly becoming the exception, not the rule. Snow sport seasons are getting shorter, due to warmer temperatures. That is already having a distinguishable financial impact on residential and resort properties that profit from
Bitcoin’s average daily trading range so far in March is its lowest in nearly two years when, at the time, the world’s largest cryptocurrency was worth roughly a quarter of what it is now. At the time of writing, bitcoin’s average 24-hour trading range so far this month, defined as the average difference between the
A federal agency’s denial of $306 million in funding for repairs to California’s Oroville Dam may have larger ramifications for state and local governments with aging infrastructure. The Federal Emergency Management Agency told the California Department of Water Resources on March 7 that it won’t grant the full reimbursement requested for repairs to the dam,
The Chinese government would have taken a tougher stance on trade with the U.S. if it thought Robert Mueller’s investigation was any real risk to Donald Trump‘s presidency, veteran fund manager Mark Mobius told CNBC on Monday. China “probably has done all the numbers and they realize it would be very difficult to impeach the
ConsenSys spin-out BlockApps is working with Bayer Crop Science, the controversial agricultural giant formerly known as Monsanto. The multinational corporation is collaborating on several BlockApps pilot projects, CoinDesk has learned, although the firm declined to specify how many. The projects began as proof-of-concept implementations in 2018. Michael Pareles, the global digital strategy manager of Bayer’s
Check out the companies making headlines midday Thursday: Apple — Apple shares climbed over 3 percent in midday trading after Needham upgraded the stock to strong buy from buy ahead of a launch event on March 25. The technology giant is expected to introduce its video streaming service at the event, challenging market leaders such
Chriselle Lim at home. Karla Ticas Chriselle Lim, who is the Korean-American founder of The Chriselle Factor is more than just a social media star or YouTuber. And perhaps the term “influencer” doesn’t cut it either. While she has over a million followers on Instagram (1.1 million to be exact), she has also excelled as
Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that temporarily skewed the data. Realtors pointed squarely to dropping mortgage rates and home prices for
WASHINGTON — Though the Municipal Securities Rulemaking Board’s EMMA has seen its share of improvements and upgrades over the years — and more are on the way — some market participants say it needs more user-friendliness, more organization and more accessibility in its filing process. As EMMA is in its 11th year, Lisa Washburn, managing
Low-cost exchange-traded funds have been gaining popularity in the ETF world, but one new product is taking that trend to the next level. Rather than offering low or no fees, the Salt Low truBeta US Market ETF brands itself as a low-volatility fund that can do investors one better: it plans to actually pay them
Mt. Gox Legal, a group of around 1,000 creditors of collapsed crypto exchange Mt. Gox, has prepared a draft proposal representing its consensus on how the exchange’s remaining assets should be paid out, according to a document obtained by CoinDesk. Mt. Gox trustee, Nobuaki Kobayashi, released new details this week on the amounts of secured cryptocurrency (in bitcoin
Check out the companies making headlines before the bell: Tiffany — Tiffany came in 7 cents a share above estimates, with quarterly profit of $1.67 per share. The luxury goods retailer’s revenue was short of forecasts, however, and Tiffany’s comparable sales fell 1 percent compared to analysts’ projections of a 0.8 percent increase. Hibbett Sports
Share to facebook Share to twitter Share to linkedin Despite divisive contemporary politics, American interest in and appreciation of Mexican culture is reaching new heights. Just last month Brooklyn Museum opened Frida Kahlo: Appearances Can Be Deceiving, the largest retrospective of the iconic artist in the United States, and director Alfonso Cuaron made cinema history
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