Jin Lee | Bloomberg | Getty Images Wall Street suffered from whiplash throughout August as trade headlines and recession angst sent stocks on a wild ride during the last full month of summer. The S&P 500 posted 11 moves of more than 1% in 22 trading sessions for August. Those moves included three declines of
Month: August 2019
For a normally dead holiday-shortened week, there sure is a lot of municipal supply on tap. Muni market participants will see a hefty bond slate complemented by a $1 billion note sale in the competitive sector. Primary marketIHS Markit Ipreo forecasts weekly bond volume will rise to $7.6 billion from a revised total of $6.8
Stock market investors may be glad to see August go, but September might not be any better, unless there are some positive developments in the trade war. Markets enter September, anticipating a Federal Reserve rate cut mid-month and worrying the chilling in the global economy will reach the U.S. There appears to be no progress
Crypto-jacking campaigns increased substantially in the first quarter of 2019 according to a McAfee Labs Threats Report published yesterday. The prevalence of ransomware attacks climbed a massive 118% during Q1, while malware attacks increased by 29% in the same period. The report also states that the attacks were indiscriminate, meaning that both Windows and Apple
Being a real estate agent around Los Angeles can be great fun — but also a great challenge. As you can imagine, the types of houses, prices and lifestyles vary broadly from Beverly Hills to Malibu to Santa Barbara, especially when I work with clients in the sports and entertainment industries who demand privacy and
Homeownership eludes millions of millennials. There is a whole host of reasons, including personal preferences and economic disadvantages, that explain why the homeownership rate for the largest generation in U.S. history is lower than that of their parents and grandparents. “In my generation — I’m a baby boomer — you bought a home as quickly
Aaron M. Sprecher | Bloomberg | Getty Images Cash is still not the answer, despite looming economic uncertainty, according to UBS. “We believe that investors can keep their investment strategies on track for the long term even in the current uncertain times without retreating to cash,” UBS global chief investment strategist Mark Haefele said in
An Illinois judge Thursday ruled that a lawsuit seeking to block repayment of $14.3 billion of state general obligation bonds can’t move forward as a taxpayer action lawsuit. “The court finds reasonable grounds do not exist for filing the proposed complaint,” said the order denying John Tillman’s “petition for leave to file a taxpayer action
Here’s the good news on earnings: Despite much hand-wringing around tariffs and the global economic outlook, overall earnings for the S&P 500 in 2019 remain “flattish,” meaning they are likely to be little changed from 2018’s record pace. The bad news: Investors remain on edge because confidence in the estimates are not high. “The wild
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta nosedived 21% after the company lowered its guidance and missed earnings estimates. The beauty company lowered its revenue growth guidance to 9%-12%, compared to
Telegram will release the code required to run a Telegram Open Network (TON) node on September 1, according to individuals close to the project. The news was confirmed by two individuals familiar with the project, an investor and an affiliate with TON labs. There has been a high level of secrecy around the project, and
Some of the over 400 houseboats located in the Sausalito Marina, California. flickr Editorial/Getty Images Lisa McNelley was going through a divorce when she first visited a friend who lived in the houseboat community of Sausalito, just across the Golden Gate Bridge from San Francisco. “I walked on board and fell in love with the
Daniel Acker | Bloomberg | Getty Images Pending home sales fell 2.5% in July month-to-month and were 0.3% lower compared with July 2018, according to the National Association of Realtors. Pending sales are signed contracts to buy existing homes, so it is a future indicator of closed sales for August and September. This weaker-than-expected result
Basketball legend-turned-business mogul Shaquille O’Neal told CNBC on Wednesday about the worst investment he ever made. O’Neal mentioned an unnamed paper company that allegedly promised him fraudulent deals. A guy who owned this paper company said he had all these deals in all the schools and with the government. … Turned out to be a
Bitcoin (BTC) price slides more than $600 in just 30 minutes on Wednesday to fall below $10,000 USD for the first time in over a month. The Catalyst Remains Unknown Bitcoin, which is up almost 200% this year, dropped more than 5% from just under $10,200 US to around $9,600 between 17:50 UTC and 18:20
And the volume kept on coming in the primary Wednesday. Municipal issuers from Delaware, Texas and South Carolina sold deals to supply-starved buyers who snapped up the paper while recently issued bonds from Massachusetts were actively traded in the secondary. Yields on MMD’s AAA muni GO scale fell to record lows, dropping past the previous
Bitcoin’s price slid more than $600 in 30 minutes, falling back below $10,000 on Wednesday. Beginning at 17:50 UTC and lasting until 18:20 UTC, BTC witnessed a large pullback from $10,200 to $9,600, followed by a small bounce near $9,740, providing temporary support. Bitcoin opened the day at just under $10,200. Over the trading day,
The controversy over China trade is spilling over into a formerly quiet area of the stock market — the business of investing in the global markets. Volume at the NYSE saw a modest spike going into the close because MSCI, one of the largest index providers in the world, rebalanced most of its global indices.
Nutanix IPO celebration at the Nasdaq market site in New York, September 30, 2016. Source: Nasdaq Check out the companies making headlines after the bell: Shares of Nutanix soared 18% in extended trading after the company announced a lower-than-expected loss for the fourth quarter. The cloud platform company reported a fourth-quarter adjusted loss per share of
Ripple’s CEO, Brad Garlinghouse, has taken to Twitter in an attempt to clarify Ripple’s decision to sell XRP. Investments in the token have been dwindling, as many feel Ripple’s decision to continue selling its XRP is driving the price of the token down. Garlinghouse has previously explained that funds from the selling of XRP are funneled back
Architect Ernest Coxhead, a trailblazer of California’s Arts & Crafts movement, built this house in 1894. Open Homes Photography In the 1890s, English-born architect Ernest Coxhead was a trailblazer of California’s Arts & Crafts movement, uniquely infusing country house elements from his native home. While few of his residential works remain, one such San Francisco
wecolmia | Getty Images Real estate investor Stephen Rosenberg once had an open checkbook for Democrats running for higher office, including Hillary Clinton. That changed after Donald Trump was elected president. Since then, Rosenberg has created a shell company that so far is dedicated to only supporting Trump for his 2020 reelection campaign. Rosenberg’s company,
A JetBlue plane Tom Williams | CQ-Roll Call Group | Getty Images Here are the biggest calls on Wall Street on Wednesday: Deutsche Bank named JetBlue as a ‘catalyst call’ short-term investment idea Deutsche said investors should buy the airline’s stock and that it had a “good” balance sheet and “solid” market position among other
Newark, New Jersey, would receive expedited funding to replace pipes that have caused elevated lead levels in drinking water under a new bonding agreement with Essex County. Essex County Executive Joseph DiVincenzo announced Monday a plan to issue $120 million of refunding bonds on behalf of Newark to fund the complete replacement of lead pipes
At least four different law enforcement and regulatory agencies are investigating defunct Canadian crypto exchange QuadrigaCX, a new report by bankruptcy trustee Ernst & Young (EY) said. George Kinsman, the court-appointed bankruptcy trustee and EY employee overseeing the exchange’s shutdown and the return of funds to its users, wrote a new report Monday sharing some
Paul J. Richards | AFP | Getty Images Check out the companies making headlines after the bell: Shares of Autodesk nosedived 10% in extended trading after announcing the trade war could hurt its financials. The software company’s third-quarter adjusted earnings per share guidance of 70 to 74 cents fell below the estimated earnings per share
There is only a 7% chance that Bitcoin will surpass the $20,000 USD valuation milestone by the end of 2019, according to data published by Skew. It’s been a pretty hectic year for BTC, which has seen its value swing from around the $3,800 USD mark at the beginning of the year to as high
The results are in for the New York City buildings with the most sales in the first half of 2019, with the Lower East Side waterfront tower One Manhattan Square topping lists from the real estate blog PropertyShark and the listings marketplace PropertyClub. Though both sites used Department of Finance data, they had slightly different
In early 2010, inspired by the profits of other developers, Tarek El Moussa decided to try his luck at flipping houses. He and his ex-wife Christina Anstead purchased their first house, in Santa Ana, California, for $115,000, poured $15,000 into renovations and sold it for $169,000. Their profit: $34,000 — and the hit reality show
A pack of Marlboro brand cigarettes is arranged for a photograph in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Tobacco giants Philip Morris and Altria confirmed on Tuesday they were in merger talks, making one or multiple traders millions of dollars, according to trader and CNBC contributor Jon Najarian. Najarian highlighted unusual activity
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