New Yorkers need to earn $85,027 per year to spend less than 30% of their income on rent for a median-priced one-bedroom, Apartment List found. Getty If you’ve aged out of your 20s but are still living with roommates in New York (or one of the country’s other most expensive cities), it’s OK to cut yourself some
Month: April 2019
The estimated cost to end homelessness in the San Francisco Bay Area is $12.7 billion and additional billions annually to fund ongoing services to the needy, according to a report released Wednesday. “By virtually every measure, the Bay Area’s homeless crisis ranks among the worst in the United States,” said a report released by the
Cryptocurrency investment is on the rise right now, especially due to the recent Bitcoin uptick. BTC’s recent climb attracted Chinese investors, but they’re paying a premium price because they have to pay extra to purchase over the counter. China previously banned cryptocurrency exchanges from operating within its borders and also banned crypto trading. However, Chinese
Underwriters circulated a premarketing wire on California’s $2 billion of general obligation bonds as the New York City Municipal Water Finance Authority deal came to market on Tuesday. Primary marketMorgan Stanley circulated a premarketing wire on California’s (Aa3/AA-/AA-) $2.05 billion sale of GOs. The underwriter is set to price the mostly refunding deal on Thursday
There’s more trouble ahead for Boeing shares as the stock now faces a key level, according to TradingAnalysis.com founder Todd Gordon. On Tuesday, shares of Boeing dropped more than 1 percent after the company saw deliveries and orders on its 737 jets plummet in the first quarter. The stock is down more than 17 percent
April is National Financial Literacy Month, but this week is National Retirement Planning Week, which means it’s time for yet another round of depressing statistics about how unprepared we all are for retirement. Let’s focus on Baby Boomers — those born between 1946 and 1964. That means this group is between 55 and 73 years
Consumer inflation probably got a boost from rising gasoline prices in March, but it should not break out above the subdued pace that encouraged the Federal Reserve to keep interest rates on hold when it met last month. Both the consumer price index and minutes from that March meeting are scheduled to be released Wednesday.
According to Reuters, China’s state planner wants to ban Bitcoin mining. The National Development and Reform Commission (NDRC) has updated a draft list of industrial activities that it is looking to encourage, restrict, or eliminate. The list was first published in 2011. NDRC Wants to Ban Cryptocurrency Mining Unfortunately for crypto enthusiasts, cryptocurrency mining has
Bitfinex has removed its $10,000 minimum equity requirement to start trading on the cryptocurrency exchange, enabling a broader range of investors to participate. The company, based in the British Virgin Islands, cited “overwhelming demand from a wide variety of traders” for the change. “We simply could not ignore the increasing level of requests for access to
Photocredit: Getty Getty There’s a lot of info out there for first-time buyers, but what about sellers? Selling your home for the first time can be an emotional and often overwhelming process. In light of that, I’ve decided to lay out four things that first-time sellers should know before putting their home on the market.
If you’re looking for a new home in an urban area, you might be attracted to some more up-and-coming areas. But buyer beware: Some of those areas come with big risks. That is according to a new study from GOBankingRates, which evaluated cities based on multiple criteria: percentage of homes with mortgages in negative equity,
S&P Global Ratings withdrew ratings from four privately operated detention centers in Texas, due in part to lack of response to requests for information from federal agencies. Although ratings withdrawal does occur from time to time, the action is unusual when it is due to non-responses from the federal government. The information S&P sought involved
As materials stocks build on their gains, one investing professional is getting even more constructive on the space. Witnessing the 4% pop this week in the Materials Select Sector SPDR Fund, a market-cap-weighted index that counts the stocks of Linde and DowDuPont among its top holdings, CFRA’s Todd Rosenbluth says investors should consider buying into
In a sign IPO sellers are not tone-deaf, Pinterest is pricing its 75 million share IPO at $15-$17 a share, which at the $17 range would raise $1.3 billion and value the company at below the $12 billion it was valued at during its last round of fundraising in 2017. By contrast, ride hailing service
Morgan Stanley is calling for a full-blown earnings recession, while many other analysts see one negative quarter and a return to positive profit growth by the second quarter. Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says he’s looking for two or more quarters of negative or flat growth, meeting the technical definition of a
Good days may be ahead for cryptocurrencies. The sentiment of digital assets is improving slowly after witnessing a bear trend in 2018. The total cryptocurrency market cap has increased considerably by over $50 billion USD since the beginning of 2019. Many digital assets are outperforming the market when compared to the largest indices worldwide. CCI30
UPDATE (April 8, 13:40 UTC): The funding round was led by Initialized Capital, not Pantera Capital. The headline has been updated. A San Francisco-based decentralized exchange (DEX) called Sparkswap launched Monday, becoming the first North American exchange to fully integrate the lightning network, a bitcoin scaling solution. Sparkswap is funded by a $3.5 million seed
Before I take the wheel of the all-electric Jaguar I-Pace (MSRP $85,900), I slide into the back seat to get a feel for the legroom. From the outside, the I-Pace is a futuristic, compact SUV that sits lower than some competitors at 5 feet 2 inches—the Tesla Model X is 5 feet 6 inches high
For any investor, measuring opportunity against risk is critical. And for real estate investors in particular, risk is rising exponentially in the age of climate change. To that end, big real estate firms are pouring significant resources into calculating climate risk and its likely effect on property portfolios—everything from increasingly extreme weather to sea-level rise.
There’s talk at the legislative level over freeing Detroit from its now-limited state oversight as the stain of the city’s Chapter 9 recedes and its recovery continues. Sen. Sylvia Santana, D-Detroit, in March introduced a bill that would formally remove the state from overseeing Detroit’s finances. “The time for the so-called ‘Grand Bargain’ has come
Warren Buffett is calling for Wells Fargo to look outside Wall Street for its next CEO as the bank searches for a candidate to replace Tim Sloan. In an interview with the Financial Times on Sunday, Buffett said Wells Fargo should not look to J.P. Morgan or Goldman Sachs as a recruiting ground for its
Check out the companies making headlines midday Friday: Boston Beer — The Sam Adams brewer dropped nearly 4% after Goldman Sachs downgraded the stock to sell from buy, citing an intensifying beer market throughout the remainder of 2019. Anheuser-Busch InBev — Shares of Anheuser Busch Inbev rose 1.52% after Bank of America upgraded the beer
When people see blockchain, the first thing they probably think of is cryptocurrencies and Bitcoin. No doubt blockchain has been thrust into the limelight by the unprecedented popularity of Bitcoin and the universe of cryptocurrencies, but blockchain is more than just a technology used in transactions. Blockchain, simply put, is a distributed ledger of digital
Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. For those of us in the northern hemisphere, April is traditionally the month when the
The Meydan One in Dubai Crystal Lagoons Fernando Fischmann is creating some of the most amazing water resorts around the world through his Chilean based company Crystal Lagoons. A biochemist-turned-real estate developer Fischmann was inspired by the clear blue waters he saw in natural lagoons while visiting Mexico and the Caribbean many years ago. I had a
Real estate website Zillow on Tuesday announced a new “Home Loans” division that will allow users shopping for mortgages to receive financing directly from the company. It’s Zillow’s latest push toward having customers directly buy and sell homes. The company said in February it was doubling down on its homebuying and selling business, projecting annual
U.S. consumer debt growth eased in February and was less than forecast as Americans tapped credit cards, signaling consumption remained stable early this year. Total credit climbed $15.2 billion from the prior month, missing the $17 billion median estimate of economists, following an upwardly revised $17.7 billion gain in January, Federal Reserve figures showed Friday.
People with student debt may soon have another way to pay their monthly bills. What’s unclear is how much of a help that new method will be. The House Ways and Means Committee earlier this month unanimously passed the Secure Act, which would expand 529 accounts to cover costs beyond college to those associated with
Semiconductors are killing it, and you can thank China. The Semiconductor ETF (SMH) is just shy of the historic high it hit a year ago, and there’s good reason for it: China. The five S&P companies with the biggest exposure to China are all semiconductors. Qualcomm, Micron, Qorvo, Broadcom, and Texas Instruments all get 40%
President Donald Trump’s potential nominations of Stephen Moore and Herman Cain to the Federal Reserve could be the beginning of a politicization of the central bank, according to Barclays’ chief U.S. economist. “When it comes to nominees, most people that get nominated to the board, regardless of what party is in power, they tend to
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