Several well-known cryptocurrencies are trading above their 200-day moving averages, a development typically considered a sign of a healthy market. A moving average (MA) is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as
Month: March 2019
Check out the companies making headlines after the bell: Switch shares surged as much as 8 percent after hours Tuesday after the telecommunications company reported mixed fourth-quarter earnings. The company earned $103 million in revenue, missing estimated of $104 million, according to Refinitiv. Earnings per share were 5 cents, beating expectations by 2 cents. The
The cryptocurrency market is making a comeback this week, after closing out last week in the red. Crypto news was pretty slow last week, but it has picked up a bit today. This morning, CoinCenter released news that the SEC Chairman confirmed that ETH is not ruled as a security by the regulator. In addition to
Share to facebook Share to twitter Share to linkedin There’s nothing worse than investing your time and energy into a deal only to watch it all go up in flames. It’s especially frustrating when you know you could have gotten the deal closed if only someone would have been flexible, even a tiny bit. Instead
21 Mins Ago A plan to tax the rich on multi-million dollar second homes is gaining traction in New York City in order to raise funds for the MTA transit system. State Senator Brad Hoylman (D), who introduced the bill, joins “Squawk Box” to discuss the legislature’s interest in the law.
View Bitcoin’s 50-day moving price average could soon move above the 100-day moving average, confirming its first bullish crossover in seven months. While the bullish crossover is a lagging indicator, the current slope of the MAs is signaling bearish exhaustion. So, bitcoin could rise toward $4,236 (Dec. 24 high) in the near future, as suggested
Denver-based D.A. Davidson & Co. will acquire Wells Nelson & Associates, an Oklahoma-based public finance and wealth management firm. The deal strengthens D.A. Davidson’s fixed-income presence in Oklahoma and Texas and unites two firms whose expertise and market leadership are aligned, company officials said “Wells Nelson has a great reputation, deep expertise and solid relationships
Embattled Wells Fargo CEO Tim Sloan is scheduled to testify at 10 a.m. Tuesday before the House Committee on Financial Services. Sloan, 58, is likely to defend his efforts at cleaning up the bank’s fake accounts scandal since taking over Wells Fargo in October 2016. The San Francisco-based bank’s problems came to light earlier that
Ethereum mining pool Sparkpool has located and verified the accidental sender of an unusually high miners’ fee and agreed to split the amount. In a statement provided to CoinDesk, Sparkpool said it received an email from an anonymous user on Feb. 25, claiming that they had made a mistake by attaching the 2,100 ether (ETH) fee
Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings
The largest stock exchange in Switzerland, the SIX stock exchange, is planning on launching an XRP crypto exchange-traded product (ETP). Amun AG was the first crypto startup to launch ETPs on SIX. Hany Rashwan, CEO of Amun AG, told CoinDesk that this new product will have the ticker AXRP. SIX Stock Exchange Adds XRP ETP
For decades now, Silicon Valley has been considered the center of the tech world when it comes to innovation.Propy Major brands including Uber, Lyft, Slack, Pinterest, and Airbnb are predicted to IPO this year which could result in new wealth, not only for cities where these companies are headquartered but surrounding cities as well. The
View Bitcoin has established a higher low near $3,300 in the last two months, signaling bearish exhaustion. However, a break above the Christmas Day lower high of $4,236 is needed to confirm a bearish to bullish trend change. Bitcoin (BTC) needs to climb at least anther $350 to confirm a long-term bullish reversal, technical charts
Philadelphia Mayor Jim Kenney says his proposal will boost the city’s pension and reserve levels while avoiding any tax increases. Kenney outlined a $5 billion 2020 fiscal year spending plan last week that would increase the city’s pension funding by 4.17%, or $29.8 million, after an estimated 3.4% decrease from 2018 to 2019. The city’s
In an economic slowdown, investors should look to companies with above-average sales growth as the rest of the market is weighed down by rising costs, according to Goldman Sachs. The bank built a portfolio consisting of 50 stocks in the S&P 500 with the fastest expected 2019 sales growth based on consensus estimates. The median
Swiss stock exchange SIX Group has listed an ethereum-based exchange-traded product (ETP). SIX Group announced Tuesday that trading for the Amun Ethereum ETP started on March 5 under the ticker symbol AETH. The product carries an annual management fee of 2.5 percent and is backed by Switzerland-based firm Amun AG. ETPs are a type of
February’s job growth slowed to a crawl with just 20,000 payrolls added, but it is more the result of temporarily sluggish growth and not a sign of recession. The shockingly weak report was about 160,000 fewer jobs than economists had forecast, but it follows January’s surprisingly strong 311,000 payrolls, which were revised higher by 7,000
US prosecutors have arrested one leader of the OneCoin project for stealing billions from investors through the alleged pyramid scheme. Ruja Ignatova and Konstantin Ignatov have been indicted by the State of New York for wire fraud, securities fraud, and money laundering. Ignatov was arrested this week, however, Ignatova remains at large. The pair defrauded
This 550 SF house in Sagle Idaho feels larger than its’ petite footprint due to the large outdoor space, high ceilings and massive windows. The house was designed by FabCab Architects and built by Selle Valley Construction using timber frame and SIPs.Photo courtesy of FabCab Architects for Prefabulous Small Houses, published by Taunton Press People often build
A South Carolina school district has sued its former financial advisors and bond counsel alleging that representatives of the firms knew or should have known about the fraudulent activities of the district’s former chief financial officer. Brantley Thomas, the former Berkeley County School District CFO who is now serving a more than five-year-sentence for embezzling
Female CEOs may be few and far between, making up less than 5 percent of CEOs in the S&P 500, but history shows they’ve been able to generate big returns for investors. Of the 24 female CEOs in the S&P 500, 13 have led their companies’ stocks to outperform the index in terms of cumulative
Kraken, one of the largest U.S.-based crypto exchanges with daily volume of around $100 million, has hired a Hollywood veteran to be its first chief marketing officer. Matt Mason spent the last four years as the studio head of 1-800-N0TH1NG, described on his LinkedIn page as an “innovation lab” in Los Angeles funded by Sony Pictures. He
Check out the companies making headlines midday Friday: Big Lots — Shares of Big Lots jumped 15.33 percent after the company reported better-than-expected fourth-quarter earnings. The retailer’s earnings came in at $2.68 earnings per share, 38 cents higher than a Refinitiv forecast. The company’s same-store sales were up 3.1 percent, nearly triple Refinitiv’s estimate of
In today’s edition of crypto news, we’ll cover OKEX’s latest addition to its customer-to-customer platform and IBM’s new blockchain patents. Crypto news has been a bit slow this week, in regards to big announcements but the two we’ll discuss today should give investors some confidence going into the weekend. OKEx Adds TRON (TRX) to C2C Platform
Dazey LA sweaterDazey LA On International Women’s Day, I give you a list of 42 independent businesses founded by women that sell beautiful and useful objects, clothing, and self-care wares. If I had all the time in the world, this list could be much longer. There is no dearth of female founders nowadays: A 2018 report found a 114 percent
U.S. homebuilding increased more than expected in January as construction of single-family housing rebounded after four straight monthly declines, but building permits for these units fell to the lowest level since mid-2017. Housing starts jumped 18.6 percent to a seasonally adjusted annual rate of 1.230 million units in January, the Commerce Department said on Friday.
The moving average convergence divergence (MACD) has become the latest charting indicator to signal bitcoin may soon see a trend reversal that could put an end to its months-long price decline. As reported, the money flow index (MFI), an indicator used to identify buy and sell pressure, created a divergence Sunday widely considered to be
Global index provider MSCI recently announced it would quadruple the percentage of China A shares—shares of companies that trade on mainland exchanges like Shanghai and Shenzhen and were previously available only to Chinese investors—in its China, global and emerging market indexes by November 2019. By then, A shares will have what MSCI calls a 20%
Wealthy residents in high-tax U.S. states are just starting to feel the pain in the pocketbook caused by the 2017 Tax Cuts and Jobs Act. And that big tax bill, in turn, is reminding investors of the intrinsic value that munis can have on their portfolios. For the ninth week in a row, cash rushed
CNBC’s Jim Cramer has circled Ulta Beauty‘s earnings report on his calendar next Thursday and the “Mad Money” host said he is bullish on the stock. “The look-your-selfie-best economy remains a major tailwind for Ulta and the stock has more upside,” he said. Also in his game plan for the week ahead are quarterly results
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