Two weeks of rising rates are taking their toll on homeowners hoping to refinance, but homebuyers are not pulling back. Mortgage applications to purchase a home rose 1% last week from the previous week and were 7% higher than a year ago. Purchase applications reached their highest level since April 2010. Total mortgage application volume
Month: April 2019
New York City is experiencing a record-setting economic boon, with employment hitting new highs and unemployment falling to 40-year lows, according to a report released Wednesday by State Comptroller Thomas DiNapoli. In 2018, employment in the city reached 4.55 million, the highest jobs level ever recorded, the report said. “New York City is experiencing its
Netflix can peacefully coexist in the streaming industry even as the market braces for more competition from Walt Disney, Google’s YouTube, and Apple, CNBC’s Jim Cramer said Wednesday. As the video giant continues to add popular content, such as “Triple Frontier,” “Bird Box,” and “FYRE: The Greatest Party That Never Happened,” to its platform, customers
It was all so damn long ago: CNBC was born on April 17, 1989, the product of a gamble by NBC President Bob Wright and Tom Rogers, President of NBC Cable, both of whom took a whacky bet that a cable television network devoted to the rather nebulous concept of a “Consumer News and Business
Consumers are expected to have spent more on gasoline and cars in March, likely pushing monthly retail sales higher after February’s surprise decline. Economists expect retail sales rose by 0.9% for the month, but 0.7% when autos are not included, according to Refinitiv data. The monthly sales number is being watched closely to see whether
A new blockchain-focused venture capital fund called Proof of Capital has been established by a group of investors. The aim of the $50 million USD fund is to encourage further adoption of blockchain technology. Blockchain Venture Fund: Proof of Capital The new fund has been founded by three partners: Phil Chen, Chris McCann, and Edith
Cryptocurrency exchange giant Binance will launch its new fiat-to-crypto platform in Singapore next week, its chief financial officer said. CEO Changpeng “CZ” Zhao announced in early April that the Singapore fiat “on-ramp” would be coming sometime this month. But speaking to CoinDesk Wednesday from Paris, Binance CFO Wei Zhou gave a more precise timeframe. “Next week we
Yardbird’s Waverly Collection. Yardbird When purchasing outdoor furniture, consumers usually have to choose between sustainability and affordability, but two-year-old startup Yardbird has found a way to offer both. Launched in 2016, the brand’s 2017 pop-up store sold $1 million in inventory within its first four weeks of opening. With over $4 million in sales, they’ve exceeded
Step aside, Florida. New Mexico is the new top retirement destination. Those were the findings from a survey by United Van Lines. The relocation company polled 26,998 of its customers who moved last year, through Nov. 30, 2018. Among those who moved to New Mexico, 42% said they did so because of retirement, making the
View Bitcoin’s rally from April 2 lows below $4,200 has stalled near the three-day chart’s 100-candle moving average (MA), currently at $5,238. A three-day close (UTC) above that MA level could invite buying pressure, leading to a sustained move higher toward $5,500 and more. That bullish close, however, looks unlikely in the short-term, as the
Puerto Rico’s General Fund revenue was 22.8% ahead of projections through the first seven months of the fiscal year, raising hopes that there will be more money to pay bondholders as the island’s debt is restructured. The improvement, reported by the Puerto Rico Treasury, is relative to the original June 29, 2018, budget projection for
Rockwell Automation Inc.: “I think that Rockwell Automation is a good stock to buy. I actually think it’s about to break out of here after a prolonged period where it’s just been marking time. And I also see … a reverse head and shoulders, just in case you might be a budding technician. PG&E Corp.:
Early earnings returns from the first quarter are in, and there is a clear warning: higher wage costs, higher raw material costs, and higher transport costs are weighing on earnings. There’s good and bad news as we enter the heart of earnings season. Good news: companies continue to report earnings well above expectations. It’s the
Check out the companies making headlines after the bell: Netflix shares dropped as much as 8% in extended trading Tuesday after posting better-than-expected first-quarter earnings and disappointing second-quarter guidance. The streaming platform posted earnings per share of 76 cents, beating estimates of 57 cents. Revenue was $4.52 billion, topping Wall Street’s estimates of $4.5 billion,
This week, some are focusing on the recent fire that broke out in Notre-Dame cathedral, while others are looking at Bruno Le Maire, the French Finance Minister. According to Le Maire, EU member states should implement the same crypto regulations the French parliament approved last week. Here’s what we know. French Crypto Regulations are Key,
The blockchain subsidiary of social investing platform eToro has launched a cryptocurrency exchange along with eight branded stablecoins. The new platform is being managed by eToroX, which is regulated by the Gibraltar Financial Services Commission, the firm announced Tuesday. Trading in six cryptocurrencies will be offered at launch: bitcoin (BTC), bitcoin cash (BCH), ether (ETH),
Marc Jacobs bought the four-story West Village home in 2015. Yoo Jean Han Fashion aficionados now have the opportunity to live in a four-story West Village townhouse designed by Marc Jacobs. The designer bought the 4,346-square-foot home as a blank palette for $10.495 million in 2009 and furnished the entire space, from the doorknobs to
The nation’s homebuilders are pleased with the strong demand they’re seeing this spring, but they continue to see buyers being held back by today’s high home prices. Builder confidence rose 1 point to 63 in April in the monthly National Association of Home Builders/Wells Fargo Housing Market Index. It was at 68 last April, and
Bitcoin’s out-of-the-blue bounce over the $5,000 mark this month has prompted some predictable pontificating from price-obsessed people within and outside the cryptocurrency community. Investors who are long-cryptocurrencies have gleefully pronounced that the Crypto Winter, which began when bitcoin’s bubble burst at the end of 2017, is now mercifully over. The most optimistic are forecasting a
Two legacy bond insurers have filed motions in support of the Puerto Rico Oversight Board’s effort to declare illegal $6 billion of the commonwealth’s bonds issued in 2012 and 2014. Ambac Insurance Corp. and Financial Guaranty Insurance Co. — firms that ceased writing new policies after the 2008 financial crisis but would continue to pay
The golfing industry might be in for a windfall after Tiger Woods clinched his fifth Masters win on Sunday, CNBC’s Jim Cramer said. “I think the golf renaissance is about to blow up thanks in part to the Tiger Woods effect, and right now the best pure play on the industry is Acushnet Holdings,” the
Check out the companies making headlines after the bell: Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per share of $1.26 on revenue
One of the largest crypto exchanges in the world, Binance, has delisted Bitcoin SV (BSV), it announced earlier today. The move comes after a week of controversy surrounding the cryptocurrency’s founder Craig Wright. Bitcoin SV Earlier today, the world’s largest crypto exchange by market volume announced it will be delisting all BSV trading pairs on
Cryptocurrency derivatives provider LedgerX plans to become the first U.S. firm to offer physically settled bitcoin futures contracts. The company announced Monday that it has filed for a designated contract market (DCM) license, which would allow LedgerX to offer physically-settled bitcoin futures products to its customers. Unlike the cash-settled bitcoin futures offered by CME Group
Share to facebook Share to twitter Share to linkedin This diagram shows how an ERV/HRV functions in the house. The green ducting shows the fresh outside air entering the unit and passing through the heat exchanger. The red ducts show the tempered air flowing into the home, while the yellow shows the stale air being returned
While there are only four negotiated deals scheduled for $100 million or larger on the calendar for the week, it doesn’t mean there will not be issues to monitor in the municipal bond market. IHS Markit Ipreo forecasts bond volume will fall to $3.6 billion from a revised total of $4.2 billion in the prior
One big bank is not like the other. Financial giants J.P. Morgan and Wells Fargo kicked off earnings season on Friday, both issuing better-than-expected results. But while J.P. Morgan’s stock soared nearly 5%, Wells Fargo’s stock slid, ending the day almost 3% lower. Wells Fargo’s weakness came largely from softer profit guidance from CFO John
Stocks are at a pivot point, and it could be first-quarter earnings that help drive the market back to all-time highs in the near future. The S&P 500 burst through 2,900 Friday morning, a level that has been seen as a point of resistance, on the road to the all-time high of 2,940, reached on
The Coinbase card is looking to make cryptocurrencies easier to pay with. Over a long time, Bitcoin and other cryptocurrencies such as Litecoin, Ethereum, and Ripple’s XRP have been criticized that they are hard to use and spend in the real world compared to fiat currency. Last week, the price of Bitcoin surged to $5,000,
View Bitcoin dropped to a low of $4,900 on Coinbase after a continued sell-off was seen from its April 11 breakdown. BTC has since moved back above $5,000 and is tentatively holding that line. Prices remain bullishly above the 200-daily moving average at $4,548, but would flip to short-term bearish with a strong close below
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