The fate of U.S.-China trade talks could play out in the week ahead, and that could set the tone for markets and the economy in the second half of the year. Stocks set new highs in the past week, after the Federal Reserve signaled it was ready to cut interest rates if necessary, and Fed
Month: June 2019
Cryptocurrency is one of the major topics that analysts and investors have been talking about for the last few years. In the last 5–6 years, the rise of cryptocurrencies has been dramatic, with lots of ups and downs that even experts were not expecting. Singapore is one of the major nations outside the US that
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.
John Gress | Corbis | Getty Images Traders in the fed funds futures market made bets in record numbers this week, with the bulk of the money looking for the central bank to cut interest rates aggressively in the months ahead. Trading volume soared to 1,293,459 million contracts Wednesday, the same day the Federal Open
Bitcoin price has surged this week to a fresh year-to-date high at the back of Facebook announcing that it is creating its own digital currency and payment network. BTC price is currently closing on the psychological mark of $10,000 per coin. In the last trading session, Bitcoin gained around 7% to $9,766 on the Bitstamp Exchange.
At the approach of the last week of the first half of 2019, the beat goes on for municipals as an asset class as it continues to see fundamentals working in its favor. “A week ago we had a strong new-issuance week and scales backed up two to four basis points, which made some breathe
View Bitcoin’s price has recovered 40 percent of the bear market drop. The breakout has bolstered the bullish setup on the weekly chart, which is currently reporting the strongest buying pressure in six months. As a result, BTC looks set to break above the psychological resistance of $10,000. The price has already rallied nearly 130 percent
Check out the companies making headlines before the bell: Caterpillar – Atlantic Equities downgraded the heavy equipment maker to “underweight” from “neutral,” citing expectations of weaker macroeconomic growth. CarMax – The vehicle retailer reported quarterly profit of $1.59 per share, beating estimates by 10 cents a share. Revenue also exceeded Wall Street forecasts. Comparable-dealership sales
It can be tough to get started with cryptocurrency because, at first glance, it does not seem easy to buy coins and tokens. The big exchanges such as OKex and KuCoin focus almost exclusively on crypto-to-crypto purchases, and while that is certainly useful, it does not help people who are just starting. Additionally, once people
The entry to The Stories at Congressional Plaza in Rockville, Maryland. Courtesy Federal Realty Investment Trust All the recent studies show that people want to remain in their homes and in their communities as they age, and the importance of community can’t be overstated. That’s how Ryan Frederick sees it. He’s the founder of SmartLiving
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters One of Wall Street’s most vocal and longest critics of Goldman Sachs has changed his tune and now recommends investors buy the company’s stock, saying its investment
A day after the Fed decided to hold interest rates at current levels, the muni market was “fatigued,” at least on the long end, while the short end saw improvement after a more dovish tone from the Federal Open Market Committee. “The long-end seems to have run out of gas,” said one southern trader. “The
View The bitcoin price rally seems to have stalled near $9,300 with the price-volume analysis suggesting scope for a minor pullback to $9,000-$8,700. Record open interest in bitcoin futures listed on the Chicago Mercantile Exchange indicates a surge in institutional interest. So, pullbacks, if any, will likely be short-lived. The long-term technical charts indicate scope
The Slack Technologies application is displayed on an Apple iPhone in an arranged photograph taken in Arlington, Virginia on Monday, April 29, 2019. Andrew Harrer | Bloomberg | Getty Images Workplace-messaging firm Slack is about to go public in a red-hot IPO market, but it’s approach to going public — using a “direct listing” —
Check out the companies making headlines before the bell: Darden Restaurants – The parent of Olive Garden and other restaurant chains reported adjusted quarterly earnings of $1.76 per share, 3 cents a share above estimates. Revenue fell short of forecasts, however, and a comparable-restaurant sales increase of 1.6% was shy of the 2.3% consensus estimate
Wouldn’t it be great if there were no ads bothering you while you surf the Web? Or if your data wasn’t everyone’s business? Companies use your data to personalize your experience and bring you more relevant ads and content. Yet, most people are not comfortable with their data being a commodity, and they also don’t
The mixed-use River Landing development in Miami is emblematic of the growth of the new Florida. UrbanX Group “Florida is America’s Australia,” goes the set-up line for a well-worn Florida joke. But the laughs are increasing at the expense of anyone short-changing Florida and the steadily growing economic might the Sunshine State is delivering to
A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida. Getty Images Mortgage rates have been falling steadily since the last week of April, and that may be reigniting home price appreciation. The lower the rate, the more purchasing power buyers have. Home price gains had been
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of
Buyers of municipal bonds saw the Peach State hit to market with a bevy of bond sales while the Keystone State offered up some turnpike securities ahead of the Federal Reserve’s decision to keep interest rates steady. Primary marketGeorgia sold $941.32 million of unlimited tax general obligation bonds in four sales on Wednesday. Morgan Stanley
View Bitcoin fell 2.87 percent on Tuesday, ending the longest stretch of daily gains since July 2018. The long-term outlook, however, remains bullish with the 3-day chart calling a move to $10,000. On the way higher, BTC may face resistance at the key Fibonacci retracement level of $9,642. The hourly and 4-hour charts are reporting
Check out the companies making headlines before the bell: Southwest Airlines – The airline raised its full-year revenue for revenue per available seat mile, owing to what it calls “solid” demand. The airline said fuel efficiency is down, however, due to the grounding of its 737 Max jet fleet. Southwest also extended cancellations of flights
If you’ve ever been interested in fundraising your startup, you’ve probably heard of an Initial Exchange Offering, or IEO. IEOs are becoming more popular than ICOs and are considered the next stage in the evolution. However, the concept hasn’t crawled out of its crib yet, and many people are confused about its reliability and benefits.
Experienced owners of commercial property understand that one of the most important decisions they must make after acquisition of an asset is the selection of a top-notch, highly experienced property management firm. Doing so helps ensure that a property is well-maintained, and also that it will appreciate in value over time. Anything less often leads
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage application volume wasn’t as stellar as it was last week as rates climbed slightly, but it was still up across the board on an annual basis. Total mortgage applications were down 3.4%
Facebook announced its cryptocurrency, called Libra. Chesnot | Getty Images News | Getty Images The cryptocurrency industry cannot get enough of Libra, touting its ability to gain mainstream adoption which bitcoin strived to do for years. “Libra is potentially one of the most positive external tailwinds in Bitcoin in its 10-year history,” said Spencer Bogart,
View The unveiling of Facebook’s Libra cryptocurrency has failed to put a strong bid under BTC. The cryptocurrency may be vulnerable to a “sell the fact” pullback, too. The 4-hour chart indicates scope for a drop to $8,800. A break lower would expose key average located at $8,500. On the higher side, a high-volume above the crucial Fibonacci
The stage is set for a possible New Jersey government shutdown after Democratic lawmakers scrapped Gov. Phil Murphy’s millionaire’s tax proposal and pitched their own budget plan just two weeks before a July 1 deadline. Legislative leaders announced Monday their own $38.7 billion 2020 fiscal year spending plan that doesn’t include the proposal from the
Binance will issue a number of tokens pegged to leading cryptocurrencies on Binance Chain to boost the number of trading options on its platform. The tokens are also likely to be extended to Binance DEX, the firm’s recently launched decentralized exchange, as they create the potential to in effect move cryptos from different blockchains onto its
Check out the companies making headlines before the bell: Facebook – Facebook announced a new digital currency called “Libra,” with a projected launch date in the first half of 2020. The move is designed to expand Facebook’s presence in e-commerce and global payments. Boeing – Boeing recorded no new jet orders on the first day
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