View Bitcoin’s bullish momentum has weakened to five month lows, according to Chaikin Money Flow indicator. That, coupled with the bearish lower highs pattern on short duration chart indicates BTC could fall back to the recent low of $9,049 and may even break lower. BTC may bounce back to $10,300 if sellers again fail to
Month: July 2019
As the month of July winds down, municipal issuance will be muffled thanks to the Federal Reserve’s monetary policy meeting and subsequent announcement on interest rates. And while it’s normal for issuers to purposely schedule deals around the Fed, expected issuance next week is certainly respectable. There is an estimated $4.9 billion of new issuance
Traders work the floor at the NYSE. Brendan McDermid | Reuters The Fed is expected to cut interest rates for the first time in more than a decade Wednesday, a pre-emptive move as concerns rise about the impact of the trade wars and a slowing global economy. Friday’s July jobs report should show that the
Safeway will soon reward customers with up to 3.5% back in Bitcoin on all their purchases. The grocery chain has partnered with Bitcoin rewards shopping app Lolli in a bid to make Bitcoin a “part of everyday life.” Safeway and Bitcoin Rewards The new partnership, announced earlier today, has come as a surprise. Safeway announced that
While post offices sometimes offer banking services, Croatian Post is looking at launching a nationwide cryptocurrency exchange service. For a pilot effort, Croatian Post, or Hrvatska Pošta, is now offering crypto-to-fiat exchanges in three post offices in the coastal town of Zadar – a place popular with tourists. Hrvatska Pošta said Thursday that the trial run
An aerial shot of Brickell Key, with downtown cityscape. Getty Here’s where the best national deals for Q3 are according to Knock.com’s National Deal Forecast. To predict where the best potential discounts are, Knock uses “machine learning-driven algorithms” valuing customer’s homes to current listings in 45 of the country’s largest MSA’s (Metropolitan Statistical Area). “The
A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images High prices are hitting the Southern California housing market hard, reversing the sales gains over the past few months. Sales fell 6.9% in June compared with May and were down 8% annually,
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Here are the biggest calls on Wall Street on Friday: KBW upgraded Citi, Goldman Sachs, and Bank of America to ‘outperform’ from ‘market perform’ KBW said the three banks are best positioned to benefit from an “extended” economic cycle. “We are upgrading shares of Citigroup,
Bitcoin (BTC) may have been on a superb run for much of 2019, but in July, the cryptocurrency has run into trouble as a range of factors contributes towards wild price fluctuations. The launch of Facebook’s Libra and the skepticism expressed about it by such powerful figures like the head of the Federal Reserve, Jerome
Puerto Rico’s political upheaval has already hurt the economy and a disorderly transfer of power may lead to near-term delays in the territory’s historic debt restructuring. Gov. Ricardo Rosselló said late Wednesday he would resign effective Aug. 2, leaving the future of the government in flux. His resignation came after a series of corruption arrests,
A man passes a Louis Vuitton store in Macau, China, on Friday, Dec. 10, 2010. Daniel J. Groshong | Bloomberg | Getty Images The impact on earnings from the slowdown in China and the ongoing trade war is not uniform. Halfway through the earnings season, company reports show the much-feared collapse in guidance for the
The silhouettes of attendees are seen at the Google booth during the 2018 Consumer Electronics Show in Las Vegas. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Alphabet rose 9% in extended trading after the Google-parent company reported second-quarter earnings that beat Wall Street’s
Bitcoin bulls are indeed out there. Most recently, Pantera Capital founder Dan Morehead, in a discussion with Unchained Podcast, said how he believes Bitcoin could hit $42,000 by the end of 2019. He even believes the digital coin has the potential to reach $356,000 within a couple of years. Nothing like some good faith to spur
The crypto markets are once again back on the rise with litecoin (LTC) leading the way in the top 10 cryptocurrencies at CoinMarketCap. The price of bitcoin (BTC) jumped by more than $1,000 in the expanse of 30 minutes yesterday, with the rest of the market following suit, rising between 5-20 percent, while Litecoin (LTC) outperformed
Beachfront terrace at 32 Windmill Lane. Gavin Zeigler for Sotheby’s International Realty The East Hampton estate built and owned by James H. Evans, former chairman and CEO of rail giant Union Pacific, is on the market for $60 million. The roughly 6.7-acre, two-lot property at 32 Windmill Lane is now second on the list of
Dick Cavett’s estate in Montauk is listed at $33.95 million, down from $62 million in 2017. Source: Corcoran It’s been a cruel summer for Hamptons real estate Real estate sales and prices in the Hamptons continued to fall in the second quarter, marking a year and a half of declines, according to a report from
On Wednesday, a big trader, perhaps the infamous trader know as “Fifty Cent” (named for his/her propensity to buy VIX call options worth 50 cents), bought some 261,000 VIX calls at the August 21st expiry 20 strike calls. (The CBOE Volatility Index is called the stock market’s fear gauge, tracking the price of options on
After having a rollicking rally during the first half of the year, Bitcoin (BTC) has had a forgettable time in the month of July, and the reasons behind the troubles are manifold. The announcement from Facebook (NASDAQ:FB) about its very own cryptocurrency Libra may have initially been thought of as a welcome addition to the
Bridgeview, Illinois’ deal to free Major League Soccer’s Chicago Fire from playing at the suburb’s bond-financed SeatGeek Stadium provides near-term fiscal stability but a burdensome debt load still weighs heavily on its balance sheet, S&P Global Ratings said. S&P Global Ratings resolved its CreditWatch on Bridgeview’s general obligation bond rating by affirming it at the
Employees have lunch at the canteen at Facebook’s new headquarters, designed by Canadian-born American architect Frank Gehry, at Rathbone Place in central London on December 4, 2017. DANIEL LEAL-OLIVAS | AFP | Getty Images Check out the companies making headlines after the bell: Shares of Facebook jumped 3.5% in after-hours trading, before falling into the
A new Bitcoin survey asking US citizens about Facebook’s (NASDAQ:FB) new Libra stablecoin has yielded some surprising results. When compared to leading cryptocurrencies, only 2% felt they would trust Libra more than Bitcoin. The results may surprise traders and also raise questions about Facebook’s newest endeavor. Bitcoin Survey A poll of 1,799 US adults was carried out
Bitcoin is on the defensive for the fourth straight day, having breached long-term support on Tuesday. The leading cryptocurrency by market value is currently trading at $9,720, representing a 1.1 percent drop from today’s opening price of $9,841, according to Bitstamp data. Prices fell 1.39, 2.56 and 4.66 percent, respectively in the previous three trading
Initial Public Offering Getty The number of REIT initial public offerings, or IPOs, has certainly fallen from the good old days. In 2013, for instance, there were 19 of them in all. In 2017, however, there were nine REIT IPOs that, together, raised around $2.9 billion in gross proceeds. For 2018, that number dropped down
A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images After rising the previous week, interest rates fell back again last week, but consumers were not enthused. Overall mortgage application volume fell 1.9% for the week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Facebook CEO Mark Zuckerberg speaks at the company’s 2017 F8 developer conference in San Jose, Calif. Source: Facebook Facebook continues to generate a variety of negative headlines including privacy issues, potential regulation, and controversy over its recently announced Libra currency. On Wednesday morning, Facebook also finally announced its long awaited $5 billion settlement with the
Bitcoin (BTC) has had a tough time for almost the entirety of the month of July after having gone through a highly impressive bull run during the first half of the year. As everyone knows, the $10,000 mark has become an important psychological point for the market now, and if the price of the token
The University of Alaska Board of Regents has approved a financial exigency declaration allowing administrators to lay off tenured faculty, shutter academic programs and close entire campuses. The regents were forced to take Monday’s drastic step after Gov. Mike Dunleavy, a Republican, employed line item vetoes on June 28 to slash $130 million from the
A banner for Snap Inc. hangs on the facade of the the New York Stock Exchange on the eve of the company’s IPO in New York. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of technology companies Facebook, Alphabet and Amazon all fell more than 1% after the U.S.
After several weeks of speculation, the Economic Commission of Iran has finally approved cryptocurrency mining as an industry in the country. On July 22 the Chamber of Commerce, Industries, Mines and Agriculture made an announcement approving crypto mining. The Commission indicated that the Iranian government was seeking ways of regulating the mechanism of crypto mining
View Bitcoin has violated the support of the trendline connecting the April and May lows, having charted a bearish lower high at $11,100 over the weekend. A bearish volume divergence indicates prices could fall back to the July 17 low of $9,049. Daily chart indicators are also indicating the path of least resistance is to
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