The price of litecoin (LTC) was quoted in three digits across cryptocurrency exchanges earlier today. The fifth largest cryptocurrency by market capitalization jumped to $107.71 at 02:00 UTC, the highest level since June 12, 2018, according to CoinDesk’s Litecoin Price Index. The bullish move has stalled in the last few hours, though, with the price
Month: May 2019
Retail giant Walmart is coming back big time lately, as evidenced by a string of quarterly reports — including one this week — which confirm a rise in both store and Internet sales. Walmart reported a 3.4% jump in U.S. Q1 comp sales, and a 37% jump in eCommerce sales. There was a time Walmart
5:00 PM ET Thu, 16 May 2019 Taylor Morrison CEO Sheryl Palmer joins incoming Freddie Mac CEO David Brickman, alongside CNBC’s Diana Olick at the Capital Exchange, exploring the new realities of real estate. She is “bullish” because of demographics. “Now we have to learn how to build on it, and build on it at
Packages of Beyond Meat Inc. beef crumbles are displayed for a photograph in Tiskilwa, Illinois, U.S., on Tuesday, April 23, 2019. Daniel Acker | Bloomberg | Getty Images A notable short seller is roasting newly public Beyond Meat. Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat
The price of the world’s largest cryptocurrency, bitcoin (BTC), surpassed $7,900 today, jumping 16 percent in the process to reach a high not seen in more than nine months. Bitcoin (BTC), with a market capitalization that now accounts for 59.8 percent of the total cryptocurrency market, jumped 16 percent from its opening price of $6,800
With Memorial Day and the unofficial start to the summer approaching, the municipal bond market continues to dance to the same old song. The asset class of muni bonds just seemingly keeps chugging along, and three constants are fueling the fire — huge inflows, super strong demand and insignificant issuance, according to Jim Colby, senior
China’s currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it’s signaling that things aren’t going well. The question is whether that signal is intentional, and whether Chinese officials will step in to prevent the yuan from reaching a key psychological low of 7 to the dollar. That level
Are we on the verge of mainstream adoption for digital currencies? The list of companies accepting payment in Bitcoin is steadily growing and now one of the biggest e-commerce sites is hinting at joining that list. Global e-retailing giant, Ebay, has stirred rumors via its latest promotional adverts. Let’s check this out. Mainstream Adoption –
Bitcoin, the world’s largest cryptocurrency by market capitalization, has once again come into contact with a greater crypto market sell-off slashing its price by more than $1,000. On May. 17 at 2:00 UTC, bitcoin (BTC) dropped by 16.7 percent to find a bid below $7,000 at $6,600 before rising once more on the back of high
When calling a successful portfolio owner for a listing, every commercial real estate broker can tell you the most common phrase they hear: “I would sell if I had a place to put the money.” Typically these owners do not sell property but continue to purchase buildings to add to their portfolio — and the
17 Mins Ago Incoming Freddie Mac CEO sits down with Diana Olick at CNBC’s Capital Exchange Summit, alongside Taylor Morrison CEO Sheryl Palmer. While he says there’s “no major dip likely in front of us,” the bigger issue is “no one can figure out a way to build more affordable” without a change in regulatory
Michael Roman, CEO, 3M Scott Mlyn | CNBC Shares of industrial products maker 3M have been hit hard since the company’s disappointing first-quarter earnings report in April, and J.P. Morgan warned investors on Friday that there is more pain to come. J.P. Morgan analyst Stephen Tusa said in a note that 3M’s “premium valuation is unjustified by
Can a logo symbolize the ethos of a project? An industry? An entire movement? This is perhaps too much meaning to attribute to any one design, but if any logo has come close to the task, it’s that of bitcoin. Belonging to no corporation, no in-house graphic design team at a shiny Silicon Valley startup,
Everywhere you look these days, it seems to be bad news for folks who invest overseas. From the fallout caused by a continuing trade war with China to the continued uncertainty posed by Brexit to ever-present geopolitical risks in the Middle East, the headlines don’t inspire confidence. And besides, with the S&P 500 index SPX,
Illinois would borrow $17.8 billion to support a $41.5 billion six-year capital plan that relies on a 19-cent-per-gallon motor fuel tax hike and other new and increased taxes to fund infrastructure across the state, under a draft plan Gov. J.B. Pritzker’s administration outlined for lawmakers Friday. In addition to the bonding, the preliminary draft package
A flurry of Fed speakers and any new trade developments could shake up what normally might be a slow week of trading ahead of the three-day Memorial Day holiday weekend. Stocks ended the past week with losses, as trade-related headlines caused big swings in the market. The Dow ended the week with a 0.7% loss
VANCOUVER, British Columbia, May 14, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a leader in logistics, artificial intelligence and digital payments, is very excited to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK Tech”) will be launching Streambucks in July 2019, a digital payment platform dedicated to electronic sports (Esports) gaming. uBUCK
View Bitcoin tanked by $1,702 early on Friday, the biggest intraday drop since January 2018. On the way back up, the hourly chart shows scope for re-test of former support-turned-resistance at $7,619. A bounce to $7,619, if any, could be short-lived with prices falling back to $6,178 (daily low) over the weekend, as both the
This estate in Bridgehampton is listed for $49.995 million. Courtesy of Out East via Bespoke Real Estate The Hamptons housing market is gearing up for a new summer season and included in it are several homes that aim to surpass last year’s most expensive sale. Closing at $40 million, 290 Further Lane in East Hampton
Early investors tend to buy stocks that are less than $10, SoFi CEO Anthony Noto said Thursday. They’re buying up recognizable names such as Ford Motor and General Electric, two centenarian corporations that are trading on the market for just above $10 per share. “It’s a representation that they don’t want to put a lot
Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Fred Dufour | AFP | Getty Images On Friday, we had positive news on trade related to delaying tariffs on European auto imports and eliminating steel and aluminum tariffs
View Bitcoin printed a 10-month high of $8,390 earlier today only to fall back quickly below $8,000, strengthening the bearish divergence of the 4-hour chart relative strength index (RSI). The daily RSI is also teasing bearish divergence. BTC risks falling to a potential double-top neckline at $7,619. A break lower would open the doors to
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped to 3.75% from 3.78% the week before. The Bond Buyer’s 20-bond GO Index of 20-year general obligation yields sank six basis points to 3.57% from 3.63% the week before. It is at its
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange (NYSE) on the morning that Pinterest makes its initial public offering on April 18, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of
According to CoinTelegraph, HTC’s blockchain phone, Exodus 1, now allows users to trade cryptocurrency directly from the phone’s native crypto wallet. The Taiwanese technology giant made the announcement early on Tuesday. Exodus 1 Blockchain Phone – Native Wallet Trading HTC’s Zion Vault will now allow swaps between various cryptocurrencies. The new feature is the result
Ripio, a startup that’s been working to boost crypto adoption in Argentina, is opening a new exchange platform for three Latin American markets. The exchange will operate in Argentina, Brazil and Mexico, though due to regulatory hurdles, only fixed-price purchases will be available for Mexican users, Ripio CEO Sebastian Serrano told CoinDesk at Consensus 2019. The
Gunther Schmidt, CEO and founder of Quarters Quarters Co-living is becoming one of the world’s most popular forms of urban housing, particularly for single millennials and those who travel for work. Among those leading the trend is a 34-year-old entrepreneur from a small town in Germany with no background in real estate or finance, or
Architect I.M. Pei stands inside of the construction site for the Louvre’s inverted pyramid. He designed the glass and metal pyramids to serve as an entrance to the Louvre museum. Paris, France. Owen Franken – Corbis | Corbis Historical | Getty Images I.M. Pei, whose modern designs and high-profile projects made him one of the
Two of Cisco Systems’ top executives told CNBC that additional U.S. tariffs on Chinese imports would not just harm the San Jose, California-based network equipment maker but American industries as a whole. “If it goes to all China imports it’s not only going to impact us, but it’s going to impact every industry,” Cisco CFO
View Alternative cryptocurrencies are flying high while bitcoin is having a breather above $8,000. Notably, ether (ETH) has hit a seven-month high of $235 and looks set to extend gains further toward $256 (Sept. 22 high) in the near-term. XRP, meanwhile, has confirmed a bull breakout. With hourly chart indicators diverging in favor of the
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