View Bitcoin fell more than 1 percent yesterday, confirming a bearish divergence of the 14-day relative strength index, an early sign of bearish reversal. BTC risks falling to levels below $5,000 in the next few days. A strong bounce from the crucial 30-day moving average (MA), currently at $4,969, would revive the short-term bullish outlook.
Month: April 2019
“Seinfeld” episodes do not usually turn up in speeches by SEC commissioners. But when Hester Peirce addressed the Council of Institutional Investors in March, she alluded to the scene where George’s father gathers a motley crew around the dinner table for Festivus, a made-up holiday featuring an “Airing of Grievances.” Said an angry Frank Costanza:
In the week ended April 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.87% from 3.89% the previous week. The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields dropped seven basis point to 3.79% from 3.86% the
A looming deadline for the trustee of Mt Gox to file a civil rehabilitation plan has been pushed to the end of October, an update posted to the defunct bitcoin exchange’s website said Thursday. Nobuaki Kobayashi, the trustee, said in the update that though he originally intended to file a plan by April 26, he needs
Stocks picks are locked in, and the clock is ticking after the close of CNBC’s 2019 Stock Draft Thursday afternoon. Jim Cramer weighed in on which celebrity stock-pickers he’s betting on to win, and offered tips for at-home investors to play along. CNBC’s main competition rolls from Thursday’s close until the end of January 2020
The earnings recession is not happening. Despite disappointments from MMM, Q1 earnings for the S&P 500 are now expected to be flat for the first quarter after dire predictions in December. Strong reports from Facebook and Microsoft and CNBC parent Comcast were the key to raising S&P 500 earnings estimates from down 2.5% two weeks
Check out the companies making headlines after the bell: Shares of Amazon initially jumped 2% in extended trading Thursday before giving up those gains following the release of the e-commerce giant’s strong first-quarter earnings. Jeff Bezos’ company reported earnings per share of $7.09 on revenue of $59.70 billion. Wall Street expected earnings per share of
The crypto community has known for a while that Facebook might be issuing its own cryptocurrency. And now, it appears the online behemoth might have a little competition. Reports have surfaced that athletic apparel manufacturer Nike is thinking of doing the same. The Oregon-based company even has a name for its digital currency: cryptokicks. Nike
Will Realtors Disappear? Propy Inc The traditionally stale real estate industry is starting to evolve faster due to advancements in automation and new technologies such as AI and blockchain. These technologies bring the opportunity to tackle the well-known inefficiencies of the real estate sector. As a result of these changes, real estate agents will need
The County of Los Angeles’ population fell last year, even as other major counties in the state added residents. “Los Angeles is just not growing,” said Richard Green, director of the University of Southern California’s Lusk Center for Real Estate. “A lot of [the reason] is housing, and not just the cost of housing but
St. Louis and St. Louis County officials are turning their attention to financing details for a $175 million expansion and makeover of the city’s convention center complex after approving tax measures to pay for it. The County Council voted last week to extend hotel/motel taxes after existing debts are retired, joining the city’s Board of
CNBC’s Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses’ first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations. Analysts based their 2019 predictions on the Federal Reserve-induced fourth-quarter sell-off and prolonged U.S.-China trade war, but never revised their outlooks as the
The markets are at new highs, so why does it feel like August? The large beats on earnings from companies as diverse as Lockheed Martin, United Technologies, Pulte and Whirlpool are propelling the S&P 500 to a new high. In addition to earnings well above expectations, we see China bottoming, Europe at least showing some
Check out the companies making headlines after the bell: Shares of Facebook popped more than 7% in extended trading Wednesday following the release of the social media giant’s first-quarter earnings. Facebook reported earnings per share of 85 cents, which was not comparable to analysts’ estimates due to a $3 billion legal expense related to a
According to a Bloomberg report, notorious crypto enthusiast and antivirus software maker, John McAfee, claims to have spoken with Bitcoin creator Satoshi Nakamoto. Further, he says he will reveal this person’s identity. John McAfee Claims to Know Satoshi Nakamoto When this reveal will be, however, remains unclear, despite McAfee initially telling Bloomberg he would expose
Cryptocurrency exchanges Huobi Japan and Fisco are said to have been investigated by the country’s financial watchdog last week. A Reuters report on Tuesday, citing “two sources familiar with the matter” said that the Financial Services Agency (FSA) visited the two exchanges to assess their customer protection and anti-money laundering (AML) provisions. Japanese exchanges run by
Share to facebook Share to twitter Share to linkedin Buyer and sellers not only represent opposite sides in the negotiation equation, but also experience the tugs of the give and take in very different ways. AdobeStock Buyers feel excited. Sellers feel nostalgic. Buyers look ahead. Sellers look back. These differences help to explain the profoundly
27 Mins Ago Shares of retailer Macy’s rose 2% Wednesday, following a report by Bloomberg the retailer may build an office tower on top its flagship New York store. The reports are indication that the retailer may be further evaluating ways to make money off its expansive real estate portfolio. CNBC’s Courtney Reagan reports.
The cryptomarket is rallying today from the emergence of a Bitcoin golden cross. Now, the majority of the top ten cryptocurrencies by market cap are in the green according to CoinMarketCap. Bitcoin Golden Cross Leading the rally with a 5% gain at the time of writing is Bitcoin (BTC). The current price of $5,599 USD
View Bitcoin’s daily chart is reporting a “golden crossover” – a bull cross of the 50- and 200-day moving averages – for the first time since October 2015. The crossover represents a long-term bearish-to-bullish trend change. A convincing close today above $5,466 (April 10 high) would establish another bullish higher high and boost the prospects
Municipal bond buyers had their choice of a wide variety of securities that hit the market on Monday and Tuesday — but one common theme of all investors was a search for yield. The retail pricing on Monday for the University of Connecticut’s $240 million deal demonstrated the willingness of investors to purchase lower-rated credits,
Investors should believe the top brass of a company with a good, long-term track record when its management says it can turn things around, CNBC’s Jim Cramer said Tuesday. PepsiCo, which has doubled its dividend in the past decade, is one of those names to put faith behind even when analysts are against the odds,
The markets are at new highs, but it doesn’t feel that way. Large earnings beats from companies as diverse at Lockheed Martin, United Technologies, PulteGroup and Whirlpool are propelling the S&P 500 to a new high. In addition to earnings well above expectations, we see China bottoming, Europe showing at least some signs of stability
Check out the companies making headlines after the bell: Shares of Snap soared as much as 10%, before paring gains to trade just 1% up, in extended trading Tuesday following the release of the company’s strong first-quarter earnings. Snap, the maker of Snapchat, reported a 10 cent loss per share, compared to the estimated loss
On Tuesday, April 23, Binance announced that its much-awaited decentralized exchange is now live. Here’s what we know so far about the Binance DEX. Binance DEX Now Live Today, Binance, a top crypto exchange, said that the Binance DEX is now live. Trading has not yet commenced, but users can create wallets on the new decentralized
Cryptocurrency exchange Coinbase is shutting down the Chicago office it opened a year ago, eliminating 30 engineering jobs. The San Francisco-based startup’s Chicago division, known as Coinbase Markets, was dedicated to creating sophisticated electronic markets technologies such as matching engines and high-frequency trading for cryptocurrency. Coinbase said a year on, it had made the
Since New York City required residential buildings to set smoking policies, real estate agents and landlords say they have seen no impact on sales. Getty Since last summer, all New York City multi-family properties have been required by city law to create smoking policies for their buildings, leaving landlords, co-op boards and property managers debating
Sales of new U.S. single-family homes jumped to a near 1½-year high in March, boosted by lower mortgage rates and house prices. The Commerce Department said on Tuesday new home sales increased 4.5 percent to a seasonally adjusted annual rate of 692,000 units last month, the highest level since November 2017. It was the third
If you want to buy things on Amazon using Bitcoin, you now can. All you need is the Bitcoin lightning network and crypto payment processing startup Moon. In time, the service will extend to many e-commerce sites also, not just Amazon. Let’s check this out. Moon Payment Processing The startup announced today that any lightning-enabled wallet can
Traders returned to work on Monday only to see a smaller-than-average new issue calendar of $3.6 billion. The week’s primary action got underway early as an Iowa school district sold over $100 million of general obligation bonds. Primary marketThis week’s slate consists of $2.4 billion of negotiated deals and $1.2 billion of competitive sales. The
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