Mobile finance app Revolut has launched a new feature allowing users to “auto-exchange” cash and cryptocurrencies. The firm announced Tuesday that its over 4 million users can now automatically exchange, say, U.S. dollar (USD) to bitcoin (BTC) or ether (ETH) to XRP, based on a pre-set target rate. Fiat-to-fiat exchanges are also possible. Once a target
Month: March 2019
It was some time in the first quarter of 2009, standing outside the NYSE, when I realized that my entire generation got scalded. I mean the baby boomers. I didn’t know it at the time — no one did — but March 6, 2009, was the intraday bottom for the stock market, when the S&P
Economic data could trump all else in the week ahead, after hiring in February appeared to fall off a cliff, raising new concerns about the economy. January’s delayed retail sales report, durable goods and February’s CPI inflation data all take on added significance, particularly since there has been a mixed stream of economic data lately.
You may be familiar with the term stablecoin. But because it is a relatively new type of cryptocurrency, you may not be familiar with what it is. So what is it? Why is there so much fuss surrounding these coins and what are the stablecoins you should know about? Let’s dig in! Stablecoins: What On Earth
DeepMind’s new office.DeepMind DeepMind is moving out of Google’s U.K. headquarters and into a large new London office. The artificial intelligence lab, which was acquired by Google in 2014 for around £400 million, will move into a new building in King’s Cross at some point in 2020. It will include a double helix staircase, a lecture theatre,
Strong demand for housing last year kept home prices surging, and that means more homeowners are now sitting on more cash in the form of home equity. Collectively, homeowners with mortgages saw their equity increase by just over 8 percent in 2018, according to CoreLogic. That is from a combination of home value gains and
View Bitcoin’s short-term outlook remains bullish while prices are held above $3,658 (the low of the long-tailed doji created on Feb. 27). A break above $4,000, however, could be preceded by a pullback to $3,750 if another rejection at a newfound resistance of $3,900 ends up breaching the bullish higher low of $3,826 on the
The Puerto Rico Oversight Board and governor quarreled Friday about payments for health insurance, their latest clash over government policy. Gov. Ricardo Rosselló sent out a press statement saying he was extending employer contributions for employee health insurance, specifying that the extension was inconsistent with the board approved fiscal plan, which calls for the employer
The Nasdaq is set to post its first negative week in 11. The tech-heavy index is down 2 percent since Monday, coming off its longest weekly winning stretch since December 1999. That run preceded the dot-com bust just months afterward, a wave of selling that swept tech stocks from highs. Rather than a warning sign
Gaming cryptocurrency Enjin coin (ENJ) is up 70 percent after news reports earlier today that confirmed a partnership with South Korean technology giant Samsung. On Friday, media outlets in South Korea reported the partnership between Enjin, the Singapore-based company behind ENJ, and Samsung’s flagship smartphone S10, was confirmed, which ignited Korea’s investor base to jump
Once again, we are seeing the usual hand-wringing over the fact that after a 17 percent rally from the December low, some of the stock market’s sector leaders are meeting resistance. Leadership groups like semiconductors, the Russell 2000, banks and industrials have been weaker in the last couple weeks and with good reason. The markets
Check out the companies making headlines after the bell: Shares of Costco jumped more than 4 percent in extended trading Thursday following the release of the company’s mixed second-quarter earnings. The retail company posted earnings of $2.01 per share on revenues of $35.40 billion. Wall Street estimated earnings per share of $1.69 on revenues of
Earlier in the year, Fidelity Investments launched its arm dedicated to cryptocurrencies. Called Fidelity Digital Assets (FDAS), the branch trades in and takes custody of digital assets. Now, according to FDAS President Tom Jessop, the platform will take its time adding support for Ethereum. Fidelity Digital Assets The platform currently has support for Bitcoin and
Jump over the cliff photo credit: GettyGetty How do you know if you are sitting on a unicorn or are about to throw away the next few years of your life on a pipe dream? The truth is, you never REALLY know until you give it your best shot; but taking the plunge and committing
It is impossible to build a fully fireproof home, but researchers are now focused on making homes at least fire resistant. They have to, because climate change is increasing the intensity of wildfires around the world, putting billions of dollars’ worth of real estate literally in the line of fire. Wildfires destroyed more U.S. homes
View Bitcoin’s bull revival, as signaled by the weekly chart indicators, is still in the nascent stage and will likely become more entrenched if and when prices clear the resistance levels at $4,190, $4,236 and $4,388. A high volume break above the three resistance levels could be followed by a rally to highs above $5,000.
The Appeals Court for the First District on Thursday rejected a request for a full judge panel review of a legal challenge to the Puerto Rico Oversight Board. A union for the Puerto Rico Electric Power Authority had petitioned on March 1 for the review of a court decision made by three judges. The three
Nobel laureate Robert Shiller suggests a self-fulfilling is prophecy unfolding on Wall Street that could ultimately derail the longest bull market in history. According to the Yale University economics professor, growing worries about a recession could make it come sooner — even if there isn’t a specific event to spark it. “A lot of people
Binance Coin (BNB), the crypto asset that can be exchanged for transaction fees on the Binance exchange, is up more than 140 percent year to date and is now deviating from bitcoin’s price trend – a feat not commonly observed in the nascent crypto markets. While the reasons that most cryptocurrencies are highly correlated to bitcoin are
Check out the companies making headlines after the bell: American Eagle Outfitters shares fell more than 4 percent after hours Wednesday based on mixed fourth-quarter earnings and light first-quarter guidance. The retailer posted $1.24 billion in revenue, missing Refinitiv estimates of $1.26 billion. Earnings per share were 43 cents, topping estimates of 42 cents. The
Crypto news has been fairly slow this week, minus a few major announcements. Huobi Global just announced support for XRP. Another piece of news that should excite investors is IBM releasing its new X-Force Red. Huobi Adds XRP to OTC Trading Desk #Huobi OTC #announcement is now here!$XRP @Ripple will launch on #Huobi #OTC at
Marigay McKeeDavid Vaughn Marigay McKee has been influential in the fashion world for decades. After her tenure at Harrods, where she rose to Chief Marketing Officer, and her three years as President of Saks, McKee decided to start her own consulting business. “As a consultant and investor one speaks less and listens more, which is
A slight rise in interest rates caused a pullback in mortgage demand last week. Total application volume fell 2.5 percent week to week, according to a seasonally adjusted index from the Mortgage Bankers Association. Volume was 2 percent lower compared with the same week one year ago. Purchase demand fell 3 percent for the week,
View Bitcoin has erased losses seen on Monday with a strong bounce from the bullish 5-week moving average (MA) support of $3,703. That has raised the odds of a rally to the psychological hurdle of $4,000. A bull flag breakout on the hourly chart also shows scope for a rise to $4,040 (target as per
Ohio Gov. Mike DeWine says his proposed 18-cent-per-gallon gasoline tax increase is the bare minimum the state needs to spend to keep roads and bridges in working order. “At this point in Ohio’s history it is time for us to invest in Ohio,” the new governor, a Republican, said in his State of the State
It’s been a good year for stocks. After a steep slide at the end of last year, the major averages have rebounded from their December lows, driven higher by a slew of strong earnings and easing geopolitical tensions. A handful of stocks have led the recovery, with names like Merck, Mastercard, Procter & Gamble, Cisco
The open-source developer group behind the dollar-pegged, ethereum-backed stablecoin DAI is considering whether higher fees could help stave off mounting liquidity issues. During the weekly developer call on Feb. 28, some token holders, including MakerDAO founder Rune Christensen, voiced concerns about whether the peg, the mechanism by which the cryptocurrency holds a stable value, can continue
Check out the companies making headlines after the bell: Shares of NIO tanked more than 8 percent in extended trading after the Chinese electric automaker released its fourth-quarter earnings results, noting a slowdown in vehicle deliveries. “Deliveries of the ES8 in January and February 2019 were 1,805 and 811 vehicle respectively, which reflect a greater
Crypto is nowhere close to being dead. Kraken’s newly acquired Crypto Facilities has seen around $1 billion traded in crypto futures already in February, according to an article released today by CoinDesk. Sui Chung, Crypto Facilities’ head of pricing products and indices, told CoinDesk that futures trades have grown more than 500% since Kraken acquired the
This is an aerial view of the Serenbe community.Photo courtesy of Serenbe. Several years ago I had the great opportunity to tour the Serenbe community. It was pure delight to walk along the paths, lined with fruit trees and other edible plants and be among this tranquil oasis. Just 30 minutes from the local airport
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