New York state regulators have issued a subpoena to the insurance brokerage Aon for President Donald Trump’s company as part of a large probe into the Trump Organization’s business practices. The nine-page subpoena to Aon was issued by the New York Department of Financial Services late Monday evening, according to a source familiar with the
Month: March 2019
View The immediate outlook on bitcoin will remain neutral while prices are trapped in the range of $3,658-$3,900. A repeated failure to beat the 5-week MA support at $3,703 could invite buying pressures and yield a rally above $4,000, as that average is reporting bullish conditions for the first time since August. A UTC close
New York City Council Speaker Corey Johnson on Tuesday proposed a municipal takeover of mass-transit operations within the five boroughs from the state-run Metropolitan Transportation Authority. “State control is not working,” Johnson told an overflow crowd during his State of the City address at LaGuardia Community College in Long Island City, Queens. “State control is
The ARK Innovation ETF has blazed past the rest of the market this year. The ETF, ARKK, which targets stocks with disruptive technologies, has surged 24 percent in 2019, more than double the 11 percent return on the S&P 500. The mind behind the ETF, ARK Invest CEO and CIO Cathie Wood, says its top
Coinbase is parting ways with several employees from Neutrino following widespread criticism over the crypto exchange’s acquisition of the blockchain analytics firm. CEO Brian Armstrong announced in a blog post on Monday that Coinbase and Neutrino have decided they will let go Neutrino employees who previously worked for Hacking Team, whether or not they still have
Check out the companies making headlines after the bell: Shares of Salesforce.com fell more than 3 percent in extended trading Monday after issuing weak first-quarter revenue guidance. The software company released better-than-expected fourth-quarter earnings, posting earnings per share of 70 cents on revenues of $3.60 billion. Wall Street expected earnings per share of 55 cents
There has been quite the turn of events with the “lost” QuadrigaCX cryptocurrency case recently. The digital tokens may have just been found! The cryptocurrency exchange’s founder, Gerald Cotton, died in December 2018 from Crohn’s disease, allegedly taking $190 million in crypto with him. At the time, it was said that Cotton was the only individual to
Share to facebook Share to twitter Share to linkedin This house on Vashon Island in Washington State is 1750 SF and built with SIPs and a timber frame by FabCab architects. It was built to high levels of efficiency and certified by Built Green-3 star rating.Photo curtesy of Dale Lang for Prefabulous Small Houses published
View Bitcoin’s drop to six-day lows below $3,700 has taken the shine off the bullish “long-tailed doji” created on Feb. 27. A bearish reversal would be confirmed if prices see a UTC close below $3,658 (low of long-tailed doji) and could yield a sell-off to recent lows near $3,300. A bearish close below $3,658, however,
The municipal market is prepping for$5.84 billion of new bonds, including the biggest deal of the year thus far. As the market awaits the new paper to hit the street, Patrick Luby, Senior Municipal Strategist at CreditSights, said quiet trading last week may be more of an indicator of a lack of desirable bonds, rather
Foot Locker’s strong earnings for the holiday season could have its stock sprinting back to its all-time highs, Piper Jaffray’s Craig Johnson says. At $63.07 as of Friday’s close, shares of the athletic shoemaker are up nearly 38 percent in the last year, and almost 19 percent year to date. The stock hit a new
A technical indicator that incorporates both bitcoin’s price and trading volume is signaling the cryptocurrency may have bottomed in December. The money flow index (MFI), also known as the volume-weighted relative strength index, is used to identify buying and selling pressure and oscillates between zero to 100. A rising MFI indicates an increase in buying pressure,
Check out the companies making headlines midday Friday: Tesla — Shares of Tesla fell 7.58 percent after the company’s underwhelming announcement that it will be launching its standard Model 3. Barclays analyst Brian Johnson even called it the “un-iPhone moment.” The electric car maker also announced store closures and layoffs in an effort to reduce
VANCOUVER, B.C., March 01, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a key player Logistics & Payment Systems with Artificial Intelligence is opening their flagship digital payments division through one of its wholly-owned subsidiaries. uBUCK Technologies SEZC (“uBUCK Tech”) will be located in Tech City Cayman, a special economic zone by Cayman Enterprise
Share to facebook Share to twitter Share to linkedin McLaren driver Fernando Alonso of Spain, center, celebrates flanked by Mansour Akram Ojjeh prior to the Emirates Formula One Grand Prix at the Yas Marina racetrack in Abu Dhabi, United Arab Emirates, Sunday, Nov. 25, 2018. McLaren veteran Fernando Alonso’s will drives his last ride in
Home buyers are coming back to the market, possibly due to lower mortgage rates. Pending home sales, a measure of signed contracts to buy existing homes, increased 4.6 percent in January compared with December, according to a monthly survey from the National Association of Realtors. Contracts, however were still 2.3 percent lower compared with a
Retail holders of Puerto Rico Sales Tax Financing Corp. (COFINA) bonds are getting about 3% less than the initially expected recoveries in the COFINA restructuring, BlueList Partners President Glenn Ryhanych said. In February, COFINA swapped new bonds for old ones in the biggest municipal debt restructuring in U.S. history, in which about $17.6 billion of
Gap‘s split up is a “sobering reminder” that companies cannot “repurchase” their way to greatness,” CNBC’s Jim Cramer said Friday. The “Mad Money” host gave an exception to AutoZone‘s buyback program that was coupled with a growth story, but said it’s “pathetic” that shares of Gap gained just 5 points from $20 to $25 since
Cryptocurrency exchange Binance is hoping to boost the number of people testing its upcoming decentralized exchange (DEX) platform by giving away $100,000 in tokens. Announcing the news on Twitter on Friday, Binance CEO Changpeng “CZ” Zhao said: “To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB, as reward
The Atlanta Fed’s GDPNow initial model estimate shows negligible growth for the first quarter of just 0.3 percent. The Atlanta Fed notes that the initial estimate of fourth quarter real GDP growth, released Thursday, was 2.6 percent, or 0.8 percentage points above its final GDPNow model forecast that it released on Wednesday. The report, which
The cryptocurrency world is noticing TRON. The blockchain network is developing a host of new legitimate platforms on its protocol. Now, notorious crypto enthusiast, John McAfee, loves one of the latest: TRON’s VibraVid platform. TRON’s VibraVid and Further Protocol Developments One of TRON’s most anticipated projects is BitTorrent Speed (expected in Q2 according to the website). Its purpose,
Sustainability was a major concern while building on the water. Exterior cladding of the house is fiber cement panels. The screen in the corner of the house is made of ipe wood and forms an enclosure for bicycle storage. A common dock is used to get from the floating home back to dry land. The
View Bitcoin dropped 9.3 percent yesterday on the back of high volumes, invalidating the triangle breakout witnessed last Monday. A UTC close below $3,714 today would validate Sunday’s bearish outside reversal candle and open the doors to levels below $3,400. The longer duration charts are signaling bearish exhaustion, however, and any drop to $3,400 or below
Moody’s Investors Service upgraded New York City’s general obligation bonds to Aa1 from Aa2 Friday. Moody’s said the upgrade, which affects about $38 billion of GO debt, “reflects continued strengthening and diversification of New York City’s economy, reducing its reliance on volatile financial services. The city’s competitive advantages include a young and highly skilled labor
CNBC’s Jim Cramer on Friday said Norwegian Cruise Line Holdings has caught his attention as a top performer with strong guidance in 2019. The “Mad Money” host said the company stands out because it’s the biggest winner in the cruise line category and the stock has risen 40 percent so far this year. The industry
Ernst and Young (EY), the court-appointed monitor for QuadrigaCX, has finally provided blockchain addresses for the ailing crypto exchange’s cold, or offline, bitcoin wallets. And aside from $400,000 worth of bitcoin that was accidentally sent to the cold wallets in early February, they are empty, meaning $100 million of the cryptocurrency is still missing. EY released
Job growth has remained vibrant despite the slow-growing economy, and that’s a trend investors are anxious to see confirmed in the February employment report on Friday. Even with some economists expecting growth around 1 percent for the first quarter, the labor market has been strong, and economists expect to see 185,000 jobs added in February.
Lawmakers in California have introduced a new bill geared towards cannabis companies. Assembly Bill 953 was introduced on February 21st. This new piece of legislation would allow cannabis-related businesses to pay taxes and fees in digital currency—more specifically, in stablecoins. Assembly Bill 953 If passed, Assembly Bill 953 would allow all California-based tax offices (state, city, and
Group of young business people in smart casual wear working together in creative office photo credit: GettyGetty A few days ago, this Times article came out, causing quite a stir. All sorts of speculation was flung about. Are co-working providers now soliciting investment from buy-to-let landlords? Is this going to fuel a bubble? Will hapless investors
New York City‘s deputy mayor for housing and economic development, Alicia Glen, told CNBC on Friday, her last day in office, that she’d like to see more women running big companies — and if that were the case, deals like the now-scuttled Amazon headquarters plans for Queens might have different outcomes. “Maybe if there weren’t