Municipal bonds were stronger after the Federal Reserve kept its interest rate target unchanged Wednesday. The Federal Open Market Committee voted 10-0 to hold rates at a range of 2.25% to 2.5% and its Summary of Economic Projections suggested no further rate hikes this year and one in 2020. Separately, the Fed said it will
Month: March 2019
Americans are more financially prepared for retirement than they were just a few years ago, recent research found. One of the reasons for that good news might be bad. Many people approaching retirement age today are heavily invested in stocks, potentially leaving their savings vulnerable to the next recession. “If there was a market downturn,
Cryptocurrency exchange Binance has unveiled a new platform in Australia that allows users to buy bitcoin with cash from high-street stores. Announcing the news on Tuesday, Binance said the new gateway, called Binance Lite Australia, is cash-to-bitcoin brokerage service accessible through a network of 1,300-plus supported newsagents across the country. The platform currently offers the
You have to hand it to the global fund managers. They’re a great bunch to play against. Every month, Bank of America Merrill Lynch conducts a survey of roughly 200 global fund managers. What the trading community wants to know is how long or short they are certain key segments of the market? Why? Because
Check out the companies making headlines after the bell: Shares of FedEx fell more than 5 percent in extended trading Tuesday following the release of the logistic company’s disappointing third-quarter earnings and weak full year outlook. FedEx posted earnings per share of $3.03 on revenue of $17.01 billion. Wall Street estimated earnings per share of
CFD could be a very foreign word for a crypto trader, but for traditional market traders, it is one of the most useful assets to trade with on different markets. CFD is an abbreviation for Contracts for Difference, which are basically assets that help you “buy a price” and not the asset itself. It may
This prime 18-acre land parcel hits the market for $30 million.Jun Tang In the shadow of the iconic Hollywood sign, a new 18.2-acre parcel of undeveloped land hits the market for $30 million. Or in Hollywood movie lingo—it costs as much as Iron Man Robert Downey Jr.’s salary (points aside) for the upcoming film, Avengers:
The nation’s homebuilders are feeling positive about their business, but not as much as they did a year ago. A monthly sentiment measure held steady at 62 from February to March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index stood at 70 in March 2018. Anything above 50 is
Bitcoin’s dominance rate, or its share of the total cryptocurrency market, is on the verge of falling below 50 percent for the first time in over seven months. At press time, the world’s largest cryptocurrency accounts for 50.9 percent of the total capitalization of the entire market and fell as low as 50.54 on March
Municipal bonds turned mixed Tuesday as buyers watched and waited for final results of the Federal Reserve’s monetary policy meeting. Market participants will focus on the release of the Summary of Economic Projections and any announcement about balance sheet reduction in the statement following the conclusion of the Federal Open Market Committee’s two-day gathering on
Everyone’s got money goals. We want houses, vacations, healthy bank accounts — the things that make life worth living. You probably know people with great salaries who have all these things. But don’t let your smaller salary or lack of knowledge stand in your way. You can have them, too. It just takes learning some
Bithumb, the largest cryptocurrency exchange in South Korea, plans to cut its staffing levels by up to 50 percent, according to a CoinDesk Korea report issued Monday, a move that would reduce its number of employees from 310 at the start of March to around 150. When reached, an official at the company confirmed the 50 percent figure,
Check out the companies making headlines after the bell: Shares of Tilray were up more than 2 percent in extended trading Monday following the release of the Canadian cannabis company’s fourth-quarter earnings. Tilray reported a loss of 33 cents on revenue of $15.5 million. Wall Street estimated revenue of $14.1 million. Brendan Kennedy, President and
There are several ways to make money in the cryptocurrency market, and you have probably read about some of them. We have covered a few techniques on this platform too. In this post, however, I’ll explain some common trading methods you can begin using right away and give you a few tips for engaging safely
Marina Bay and Financial district in Singapore. If your city is a tech hub, a finance hub, or known for being an epicenter of high culture, media and entertainment, then real estate prices are likely to be prohibitive for the vast majority of the city’s employees. (Getty Images)Getty Face it, if your city is home to
If you’re a first-time home buyer and looking at cities in California, you may want to rethink your plans. Some under-the-radar metro areas in other areas of the country may provide more value. That’s according to a new study from personal finance website Bankrate, which ranked the 50 largest metro areas in the U.S. for
View Bitcoin clocked highs above $4,000 over the weekend and ended last week on a positive note, strengthening the short-term bullish outlook. The ongoing recovery rally, however, could pause around $4,000 or we may see a fall back to key support levels lined up at $3,775 and $3,658, as the bearish (downward sloping) 21-week simple
Puerto Rico Oversight Board Executive Director Natalie Jaresko on Monday cited the almost universal dissatisfaction with the board as proof that it was doing its job. Creditors are unhappy with the restructuring of Puerto Rico’s bonds, the Kobre and Kim report on the history of the debt problem, and the board’s current effort to invalidate
J.P. Morgan Chase is expanding a previous program designed to boost job prospects for people at risk of being shut out of the economy. The bank’s new five year plan, announced Monday, includes $200 million to develop training programs for in-demand digital and technical roles, $125 million to boost collaboration between employers and the educational
Bitcoin’s user growth, as represented by active addresses, has spiked in the last eight weeks leaving the price far behind, a move that contradicts the popular belief the two tend to move in tandem. The 30 day average of active addresses on bitcoin’s blockchain, or the number of accounts that made cryptocurrency transactions at any
Check out the companies making headlines midday Friday: Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Broadcom posted earnings per share of $5.55, while analysts polled by Refnitiv expected a profit of $5.23. The company said its results were impacted by slower demand out of China,
Checking in with CoinMarketCap, it is clear to see that the majority of the crypto market is in the green. Though the gains are small, 80% of the top 10 coins by market cap are on the rise. Market leader Bitcoin price is up only 0.46% at the time of writing, selling for $3,924 USD
Share to facebook Share to twitter Share to linkedin Actors Matthew McConaughey, left, and Anne Hathaway attend a special screening of “Serenity” at the Museum of Modern Art on Wednesday, Jan. 23, 2019, in New York. (Photo by Evan Agostini/Invision/AP)Evan Agostini/Invision/AP Overlooking Central Park from high above 5th Avenue is this 7,750 square-foot apartment spread over
Maine Gov. Janet Mills is backing bonds for a state conservation initiative that her predecessor, conservative firebrand Paul LePage, delayed for the past four years. The Democratic governor is pushing legislative support on a $95 million bond package for land conservation efforts and state park improvements. The borrowing proposal would designate $75 million toward Land
For powering your smartphone or your Tesla Model 3, there’s currently nothing better than the lithium-ion battery. Since its introduction in 1991, the rechargeable lithium battery has been the standard for everyday tech devices and electric-vehicle power. Many of the world’s more than 3 million electric vehicles run on lithium-ion batteries. But as the world
Riot Blockchain is planning to launch a regulated crypto exchange in the U.S. The publicly traded U.S. company that has faced regulatory issues for a sudden pivot to blockchain, revealed in a filing with the U.S. Securities and Exchange Commission (SEC) Friday that the new entity will be called called RiotX and will develop three main
It’s the triumph of indexing: Fund managers continue to trail their benchmarks. Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. This week, S&P Dow Jones Indices released its annual report on how actively managed funds performed against their benchmarks. The conclusion
Investors who attempted to try to time the market’s lows and highs have on the long run received a worse return on their investment than those who simply remained invested. On average, investors who bought and hold, rather than tried to time the market, received an average annualized return of 7.61 percent since 1989, research
Cryptocurrency exchange Bittrex has reportedly canceled an IEO (initial exchange offering) hours before its launch. The RAID project was expected to make $6 million USD by selling its XRD token to customers on the Bittrex exchange. Canceled RAID Project Bittrex reportedly called off the token sale after it learned that the RAID project had suddenly terminated its partnership
Chicago buyers start looking in April or MayGetty Here’s the best time to list your home, according to recent research from realtor.com in the 50 largest Metros around the country. Look to the first week of April in many areas this year as the right time to list your home and take advantage of a robust
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