Bitcoin is looking south, as per the bearish divergence of the 14-day relative strength index and other short-term technical indicators. A deeper pullback to levels below $5,000, however, would remain elusive if the 30-day moving average (MA), currently at $5,107 holds ground. That average repeatedly limited losses in March. A rebound from the 30-day MA
The public not only thinks college costs too much, but questions whether it adequately prepares graduates for work, according to speakers Monday at the Milken Institute Global Conference in Beverly Hills, California. Half of Democrats and three-quarters of Republicans say higher education is “going in the wrong direction,” according to a 2018 poll by the
Singapore-based exchange conglomerate Huobi Group has a unique growth strategy for emerging markets: partner with local entities and then split the profits 50/50. Revealed exclusively to CoinDesk, the South African exchange HIZA will launch in May and join a cohort of 150 platforms under the Huobi Cloud umbrella, according to Huobi Group’s senior business director
More and more Democratic presidential hopefuls are adopting a single-payer health care stance, which could be devastating for any player in the health insurance business, CNBC’s Jim Cramer said Monday. Following the lead of Bernie Sanders, the independent Vermont senator who is one of the biggest mouthpieces advocating for “Medicare for All,” about eight candidates
Google’s New York City office in lower Manhattan. Spencer Platt | Getty Images Check out the companies making headlines after the bell: Shares of Alphabet tanked more than 6% in extended trading Monday following the release of the tech giant’s mixed first-quarter results. Alphabet reported earnings per share of $11.90 on revenue of $36.34 billion.
On Monday, April 29, the SEC said it’s suspending trading of shares in Bitcoin Generation. While a relatively unknown crypto exchange, news of the suspension has traveled far and wide. That said, it’s important to know this is a temporary suspension. In this article, we will discuss everything we know about the Bitcoin Generation suspension. Bitcoin
Red Cross aid helps resident, from GlobalChange.gov, the 2018 National Climate Assessment Globalchange.gov “We moved into our new house and three weeks later, lost it all in Hurricane Harvey.” My heart sank for when the pleasant man sitting next to me at a legendary local D.C. bar and restaurant recently recounted his family’s experience relocating to Houston.
A sign is seen in front of a home for sale in San Francisco. Justin Sullivan | Getty Images The median price of a San Francisco Bay Area home sold last month fell slightly compared to the prior-year period, marking the first annual drop since the bottom of the last housing crash, seven years ago,
House lawmakers next week will visit the New York-New Jersey area to learn about the rail tunnel project known as Gateway that’s been mired in a funding conflict with the Trump administration. The passenger rail tunnel under the Hudson River connecting New Jersey and Manhattan is over 100 years old and sustained damage during Hurricane
Binance’s much anticipated decentralized exchange (DEX) has gone live ahead of its planned schedule. The world’s top cryptocurrency exchange by adjusted volume announced the news on Tuesday, saying that while trading will begin “at a later date,” users can now create wallets on Binance DEX and start deposits and withdrawals of the company’s token, BEP2. A representative told
Blackstone’s Joseph Zidle is warning investors earnings season could go awry. With almost half of S&P 500 companies reporting quarterly earnings so far, Zidle believes a lot could still go wrong. He lists an earnings setback as the most legitimate risk that would spark a correction. “We might see earnings growth at approximately zero for
Hotter-than-expected first quarter growth is likely to revive the debate within the Federal Reserve about the direction of policy, but Fed officials are likely to be content to stay on the sidelines for now, particularly with inflation so low. The economy grew at a surprising rate of 3.2% in the first quarter, well above the
South Korean tech giant Samsung is reportedly developing its own blockchain network. It’s expected the venture will lead to a Samsung token in the near future. Samsung Blockchain According to an internal source “familiar with Samsung’s internal situation,” the company’s wireless division is building a mainnet based on the Ethereum blockchain. Led by its blockchain task
Give mom something special for Mother’s Day this year. Primary Petals Our mothers do so much for us. But showing our love on Mother’s Day can often be a challenge. Buying a unique, outside-the-box gift is a great way to show her how thoughtful you are. Gifts for the home are particularly appreciated because they’re
A woman browses the site of US home sharing giant Airbnb on a tablet. John MacDougall | AFP | Getty Images Airbnb is partnering with a major New York real estate developer, RXR Realty, to convert portions of New York City commercial properties into a “new category of urban lodging.” They are essentially hotel rooms
Indiana lawmakers signed off on a $34 billion, two-year budget that provides a $150 million payment toward the state’s teacher pension obligations. The one-time cash infusion will create about $70 million in additional cash flow for schools but does not address the $11 billion of underfunding the system is dealing with, says Sheila A. Weinberg,
The cryptocurrency markets endured a loss of as much as $10 billion around 21:00 UTC on Thursday, following allegations that the Bitfinex exchange covered up an $850 million shortfall using the U.S. dollar-pegged Tether (USDT) stablecoin. The New York Attorney General’s office alleged in a statement on Thursday that Bitfinex lost $850 million and used customer and
Crude oil has snapped its best weekly win streak in four years. The commodity has plummeted 5% since Monday, its first negative week in eight. Losses accelerated on Friday after President Trump said he called on the Organization of Petroleum Exporting Countries to act to bring global oil prices lower. Bill Baruch, president of Blue
Check out the companies making headlines midday Friday: Ford — Ford jumped 9.73% after the car manufacturer reported better than expected first-quarter earnings on Thursday. Ford reported earnings of 44 cents per share, 17 cents higher than expected, and revenues of $37.24 billion, $160 million higher than expected. High demand for pickup trucks and SUVs
American financial technology firm Ripple, which is responsible for the development of the cryptocurrency XRP, has declared its fiscal first-quarter results. The company, which was founded in 2012, is the largest holder of XRP, the third biggest cryptocurrency in the world, and is based in San Francisco, California. It has offices located around the world.
The Rock House is in development Grace Bay Resorts Turks and Caicos’ luxury real estate market is hot. It’s an easy three plus hours direct flight from New York’s JFK to Providenciales, the largest island in the Turks and Caicos chain. Providenciales is home to the Island’s largest population, luxury resorts and luxury residential development.
LOS ANGELES — Rent control is back on the front burner in California as lawmakers consider a bill that would cap monthly increases statewide and Gov. Gavin Newsom weighs in to support “a renter protection package.” The push in Sacramento for rent control comes as a new effort is underway to put a rent-control measure
The Puerto Rico Oversight Board has decided against appealing a ruling affirming a May 2 deadline for filing lawsuits for bond clawbacks. A board spokesperson told The Bond Buyer the board’s decision Friday. On April 2 the board, through its law firm Brown Rudnick, filed a motion to “toll” or delay the statute of limitations
Two Bitfinex shareholders said they were unconcerned by the New York Attorney General’s allegations that the cryptocurrency exchange lost $850 million of client and corporate funds. Zhao Dong, a Bitfinex shareholder who has tried to reassure the crypto community that the exchange is solvent and operational numerous times in the past, told CoinDesk Friday that
Lockheed Martin delivered the best conference call to its shareholders out of the defense sector, CNBC’s Jim Cramer said Friday. The largest military contractor in the world, the Bethesda, Maryland-based manufacturer trounced analyst expectations on earnings per share, $5.99 versus $4.34, and revenue, $14.3 billion versus $12.6 billion. Raytheon, a major contractor for the U.S.,
SEC Chief Jay Clayton, who is in charge of protecting American investors, has strong thoughts on what Americans need to do to save for an adequate retirement. Clayton will appear on The Exchange with Kelly Evans and myself Friday at 1 p.m. ET to talk about the SEC’s job to protect American investors, maintain fair,
Federal Reserve Chairman Jerome Powell is expected to emphasize the Fed will continue to be patient and hold back from raising interest rates, but there is a risk the Fed could inject some volatility into markets in the week ahead. The Fed meets Tuesday and Wednesday, in a week heavy with earnings news and some
On Thursday, April 25, reports surfaced that The New York Attorney General’s office is looking into Bitfinex. Specifically, NYAG Letitia James said she had received a court order against iFinex Inc., which is the company behind Bitfinex. The order told them to stop breaking New York law. Here’s what we know. The Bitfinex and Tether
635 Park Avenue has revised its financing requirements, and now permits 50% financing, in an effort to draw in younger buyers. Warburg Realty While millennials, who are nearing 40, make up the fastest growing segment of the home buying market, a significant portion of New York City’s housing stock is from a much older generation.
Corn and soybeans grow on a farm on July 13, 2018 near Tipton, Iowa. Scott Olson | Getty Images News | Getty Images Farmland values in America’s heartland are still stable, despite pressures on farm incomes and rising interest rates, according to a quarterly report by the Federal Reserve Bank of Kansas City. At the