View Bitcoin fell $1,100 on Thursday, creating a bearish candle on the daily chart and confirming a bearish divergence of a key indicator. Prices risk falling to the 30-day moving average (MA), currently at $7,342, in the next few days. The pullback could be short-lived, as BTC tends to perform well in June, and the
Month: May 2019
Skeptics question the viability of New York Mayor Bill de Blasio’s proposed Brooklyn-Queens Connector streetcar project. His funding plan for the so-called BQX, an 11-mile, $2.7 billion waterfront route from Astoria in Queens through downtown Brooklyn to Red Hook, hinges on two huge variables — real estate value capture and aid from Washington. The estimated
Uber CEO Dara Khosrowshahi (center) joins other employees in ringing the Opening Bell at the New York Stock Exchange (NYSE) as the ride-hailing company Uber makes its highly anticipated initial public offering (IPO) on May 10, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making
Satoshi Nakamoto is the alias used by a person or group who authored the Bitcoin whitepaper. Satoshi is the creator of the first release of the Bitcoin protocol and blockchain database. The alias was used in email and forum correspondence from August 2008 through April 2011. History Satoshi’s first appearance in the world was the
Bitcoin’s price peaked above $9,000 for the first time in over a year earlier today, but the rally was short lived as its price returned below $8,600 just minutes later. At 16:00 UTC, the world’s largest cryptocurrency jumped 4.6 percent from today’s UTC opening price of $8,681 and climbed as high as $9,084 – its
New York University Getty The New York City metro area is home to some of the country’s top universities, but students also pay some of the highest housing prices to attend them. According to a new report from RENTCafe, rents within a mile of some of the country’s 100 most prestigious colleges are higher than the
A woman walks next to a “For Rent” sign at an apartment complex in Palo Alto, California. Paul Sakuma | AP Say goodbye to the gift cards, discounts and free amenities from landlords. With rental demand heating up as home buying cools, rent prices are rising and freebies are vanishing. Listings on Zillow’s rental website
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters China’s threat to curb exports of rare earth minerals to the United States could move the needle in an escalating trade war as the world’s two largest economies continue to jockey for leverage.
It seems that cryptocurrencies are nearer and nearer to mainstream adoption with each day. In the latest crypto development, Microsoft Excel has added a Bitcoin symbol to the spreadsheet for use when entering financial data. This is a big leap for Bitcoin acceptance. Microsoft Adds Bitcoin Symbol to Excel This move from Microsoft is a
View Bitcoin bounced up from $8,420 on Wednesday, forming a bullish higher low. The 4-hour chart now shows a bull flag breakout. As a result, a rally to $9,000 looks possible. A pennant breakout confirmed on Sunday has already created room for a rally to $10,000. On the way higher, BTC may face selling pressure
Leadership of the Chicago City Council committee that vets bond deals and other financial transactions is in the hands of an independent who heads the council’s Progressive Caucus. The changing of the guard Wednesday gives Alderman Scott Waguespack — a frequent critic of new Mayor Lori Lightfoot’s two predecessors — a seat at the head
A general view of the atmosphere at the TommyXZendaya collection launch event at the Tommy Hilfiger store on March 3, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Tommy Hilfiger) David M. Benett | Getty Images Entertainment | Getty Images Check out the companies making headlines after the bell: Shares of
27.3 Million Share Buyback Expected to Add Significant Value to Shareholders Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF), a company that has been at the forefront of every major financial publication after announcing a hostile takeover bid of Aphria in December, has recently announced a buyback of 27,300,000 common shares held by GA Opportunities Corp. The
Japanese e-commerce giant Rakuten, has partnered with blockchain analytics firm CipherTrace to help ensure compliance for its soon-to-go-live cryptocurrency exchange. CipherTrace announced Wednesday that it will help ensure sound anti-money laundering (AML) processes are in place for the firm’s Rakuten Wallet exchange platform, which is based in Tokyo. Rakuten Wallet started accepting account registrations last
It may not feel like it, but China and the U.S. are in the midst of a cold war. According to a CNBC report, the global technology sector is completely dependent on 17 rare metals that are mostly mined in China. Now the Chinese are hedging about supply. It’s what countries do when they are at war.
A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images Lower mortgage rates aren’t enticing homebuyers much, as the spring housing season draws to a close. Total mortgage application volume fell 3.3% last week compared with the previous week, according to the
Defense Department’s Patrick Shanahan, before he was tapped by President Donald Trump to serve as the department’s Acting Secretary Department of Defense The Pentagon presented a report to Congress on rare earth minerals in an effort to reduce reliance on China, according to a Reuters report. “The department continues to work closely with the president,
View With 63 percent month-to-date gains, BTC looks set to register its longest monthly winning run since August 2017. The falling channel breakout seen on the monthly chart favors a rally to key Fibonacci resistance of $9,442. BTC has pulled back from one-year highs hit earlier this week. The cryptocurrency, however, remains on the hunt
Representatives of minority- and women-owned small banks from around the country gathered in New York City last week to discuss ways to expand business opportunities. Attending MWBE University, last Thursday’s session focused on how small institutions can become a New York City-designated bank and receive tax breaks for contributing to the city’s development efforts. MWBE
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on October 27, 2014 in New York City. Stocks were lower in morning trading. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of Workday seesawed in extended trading on
Bitcoin predictions run riot in the cryptocurrency sphere, never more so than when Bitcoin goes on a bullrun. Considering the original cryptocurrency has grown over 65% this month, it’s safe to say that it is currently on a major one. We’ve recently heard bullish calls from cryptocurrency hedge fund manager Brian Kelly. He stated that
Coinfloor, the U.K.’s longest-running crypto exchange, has teamed up with electronic money institution (EMI) Enumis to deliver bank-like accounts to crypto firms, a perennial pain-point across the industry. Under the partnership, Enumis will pay Coinfloor a fee for referring reputable crypto-facing businesses that successfully set up current accounts (the U.K. equivalent of checking accounts). “Being
IKEA’s new Manhattan Planning Studio Andria Cheng When home-furnishings giant IKEA in April opened its first smaller U.S. city-center format, dubbed Planning Studio, in Manhattan’s Upper East Side, the Swedish chain said that’s one telling example of how it’s reaching customers in “new ways that are more accessible and more personalized.” Accessible it is for Karima Rustin,
Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California. Getty Images National home prices rose 3.7% annually in March, down from 3.9% in February, according to the S&P CoreLogic Case-Shiller home price index. Prices had been seeing double-digit annual gains, but they are gone. The largest annual
Amazon Web Services at the 2019 CERAWeek in Houston, TX. Mary Catherine Wellons | CNBC Amazon‘s stock could be worth $2,500 a share in one year, Cowen said, valuing its Amazon Web Services business at a whopping $505 billion. Cowen raised its 12-month price target for Amazon to $2,500 from $2,400, which would translate into
View Bitcoin has formed a bull flag pattern on the hourly chart in the last 24 hours. A break above $8,890 would confirm a bull flag breakout and create room for a rally to $9,940 (target as per the measured move method). On the way higher, BTC may face resistance at the key Fibonacci level
The muni market is winding down to a pause for the long holiday weekend and when the market opens back up Tuesday, big deals will be few and far between, but the market will continue its run. “The holiday week provides a temporary pause, but I expect volume to continue to be on the low
Check out the companies making headlines before the bell: Foot Locker — The athletic footwear and apparel retailer reported adjusted quarterly profit of $1.53 per share, missing estimates by 7 cents a share. Revenue also came in below forecasts, and a comparable-store sales increase of 4.6% was below the 5.1% estimate of analysts surveyed by
The digital wallet industry has grown exponentially in recent years, reaching $100 billion USD in 2017. Analysts expect growth to continue, reaching a whopping $250 billion by 2024, propelled by attractive discounts and enticing cashback offers. One company that has created an impressive mobile wallet that offers a ton of great features is LiteLink Technologies Inc.
XRP is teasing a long-term bullish reversal, with a surge in price and a bullish chart pattern likely to occur next week. The world’s third largest cryptocurrency by market capitalization is currently trading at $0.413 on Bitfinex, representing a 27 percent gain on the opening price of $0.3249 seen May 1. If prices stay above
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