View Bitcoin appears on track to test the psychological support of $10,000, as the daily chart moving averages and other key indicators have turned bearish. A high-volume price breakdown seen on the hourly chart also favors a drop to $10,000. However, the hourly chart indicators are reporting a bullish divergence. So, a price bounce to
Month: August 2019
A head of fixed income at IFS Securities allegedly shorted Treasuries in an off-book transaction that lost at least $10 million, according to sources, potentially crippling the Atlanta-based broker-dealer. Keith Wakefield, former managing director at IFS Securities, was fired after the alleged illegal trades. The firm did not fully have the funds to settle those
Chuck Robbins, CEO of Cisco Ashlee Espinal | CNBC Check out the companies making headlines after the bell: Cisco fell nearly 8% in after-hours trading after announcing better-than-expected fourth-quarter earnings and weaker-than-expected guidance. The enterprise technology company reported adjusted fourth-quarter earnings per share of 83 cents on revenue of $13.43 billion. Analysts had expected adjusted
Once hailed as the most prestigious banking relationship in crypto, Barclays (NYSE:BCS) has today decided that it is no longer working with Coinbase. The relationship between the London-based banking giant and the crypto exchange began in March last year as Coinbase sought to expand into Europe. The aim of the deal was to make it
The cryptocurrency markets were flashing red again on Thursday after bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, fell by more than $900 in 24 hours. On August 14, beginning at 12:00 UTC, BTC began to fall sharply from $10,862 to as low as $9,888 before traders bought the price back up above $10,000.
Harrods managing director Michael Ward says the UK’s business rates tax system is “broken”. (Photo by John Phillips/Getty Images for Harrods) Getty More than 50 among the UK’s largest retailers have asked the government to fix the “broken” business rates system. The retailers, including Harrods, Marks and Spencer, Sainsbury’s, Asda and Boots, have written
Signage is seen at the entrance of the WeWork offices on Broad Street in New York. David ‘Dee’ Delgado | Bloomberg | Getty Images It’s 2019, and a $47 billion company is going public with an all-male board of directors. WeWork’s parent known formally as the We Company disclosed who comprises its board in an
Protesters walk on a highway near Hong Kong’s international airport following a protest on August 12, 2019. Vivek Prakash | AFP | Getty Images Two months of protests in Hong Kong are starting to take a toll on some of the largest global companies, adding to a host of geopolitical concerns as the U.S.-China trade
Ever since Bitcoin had that incredible rally back in 2017, there has been a lot of talk among big-ticket investors to find a way to bring the cryptocurrency into the world of mainstream investing. It was around that time that the idea of Bitcoin-based exchange-traded funds (ETFs) was first floated. Ultimately, the Securities and Exchange
View Bitcoin charted an “inside bar” pattern last month, making $13,200 the level to beat for the bulls. A convincing move above $13,200 would imply a resumption of the rally from lows near $4,050 seen in April. A break below $9,049 (July’s low) would confirm a bearish inside bar reversal on the monthly chart. The
Municipal bonds were mostly stronger on Tuesday as a surge of supply moved into the market, led by deals from Texas and Virginia. Primary marketCitigroup priced and repriced San Antonio, Texas’ (Aaa/AAA/AA+) $454.895 million of Series 2019 general improvement and refunding bonds, combination tax and revenue certificates of obligation and tax notes. Citi also priced
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A trade organization that oversees the dissemination of trades at the NYSE said Monday’s trading glitch was due to a “network component failure” at the the exchange’s data center in Mahwah, New Jersey. The Consolidated Tape Association (CTA) said the
Julie Wainwright (C), CEO of The RealReal takes part in the company’s IPO at the Nasdaq MarketSite in New York, June 28, 2019. Lucas Jackson | Reuters Check out the companies making headlines after the bell: Shares of RealReal surged 12.7% in after-hours trading after announcing a smaller-than-expected second quarter loss as revenue surged. The
The SEC has filed an emergency lawsuit against Veritaseum (VERI) and its founder Reginald Middleton with the New York Eastern District Court. The action aims to prevent Mr. Middleton from spending $8 million USD raised by the company in an ICO. “Knowingly Misled” VERI Investors The SEC alleges that Mr. Middleton “knowingly misled” investors about
XRP is flashing red this Tuesday morning with a long-term price indicator turning bearish for the first time in over a year. At press time, the third-largest cryptocurrency by market capitalization is currently trading at $0.2955 on Bitfinex, representing a 1 percent drop on a 24-hour basis. More importantly, however, the 50-day moving average (MA)
Jessica Sherman, associate vice president of affordable housing at Douglaston Development. Douglaston Development Jessica Sherman, associate vice president of affordable housing with the real estate firm Douglaston Development, has made it her mission to improve the quality of life for low-income New Yorkers. Recently named a Crain’s New York “Rising Star,” Sherman has helped her
A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images Homebuilders and buyers alike are pulling back, even as mortgage rates fall to multiyear lows. The housing market is simply too pricey, and consumers are starting to worry about the economy and their personal
Alan Greenspan Anjali Sundaram | CNBC Former Federal Reserve Chairman Alan Greenspan said nothing is stopping the U.S. from getting sucked into the global trend of negative yielding debt, Bloomberg reported Tuesday. “There is international arbitrage going on in the bond market that is helping drive long-term Treasury yields lower,” Greenspan said in a phone
Bitcoin (BTC) had an excellent run in the first half of 2019 and looked like it could regain the highs that it had reached back in 2017. However, the month of July proved to be a reality check as the price of the token oscillated around $10,000. August started off in much better fashion as
View Bitcoin’s short duration charts indicate the bears are in control and prices could drop below $11,000 in the next 24 hours. A strong bounce from the 5- and 10-week moving averages at $10,804 and $10,625, respectively, could fuel a rise back to $12,000. A high-volume weekly close (Sunday, UTC) or a back-to-back daily close
The different growth trajectories of two Missouri-based broker-dealers ultimately led to the deal in which St. Louis-based Stifel Financial Corp. will buy Kansas City-based George K. Baum & Co. Stifel announced Monday it had reached a definitive agreement to acquire Baum. “This is definitely a bittersweet decision for sure,” Baum president and CEO Jonathan E.
Analysts are lowering their earnings estimates for the second half of 2019 and there is a chance earnings for the S&P 500 could be negative for 2019. In the last two weeks, strategists at Goldman Sachs and Citigroup have reduced 2019 and 2020 earnings estimates for the S&P 500, citing a sluggish economy, trade war
Investors are jumping into bonds like they’re a hot new commodity or even stock, but strategists warn the prices are getting rich as the yields shrink in the Treasury market. That apparently isn’t fazing some investors who are subscribing to the new view that bonds are investments that can only rise in value — like
Cryptocurrency criminals have taken in an estimated $4.3 billion USD in 2019, according to CipherTrace. CipherTrace, a cryptosecurity company based in Silicon Valley, has released its Q2 2019 Cryptocurrency Anti-Money Laundering (AML) Report, which is a detailed overview of major cryptocurrency thefts, scams, and fraud around the world. The firm’s Q1 report estimated that cybercriminals
IBM and Indian telecom company Tata Communications have joined the governance council of Hedera Hashgraph, a public blockchain network for enterprises. Now, eight of the 39 available spots for governing council members are filled, the network announced Monday. “Our goal is to create the most decentralized governing body of any of the major public platforms,”
The lounge and kitchen area at Alexandria LaunchLabs at the Alexandria Center, One Kendall Square, in Cambridge, Mass. © 2019 Andy Caulfield With technological advancement occurring at an increasingly breakneck pace, it’s natural the number of life science and technology innovation clusters is growing as well. These clusters result from the increasing recognition that innovators
Panoramic Images | Getty Images Many global investors are turning toward Silicon Valley instead of Wall Street in search of returns. The total invested in private markets hit all-time highs last year and continues to break multi-decade records this year. In the first half of the year, total investments in venture capital hit a 19-year
Puerto Rico’s Oversight Board said it remains committed to assist in the island’s fiscal recovery in the midst of political chaos over who will be running the government. The board issued a statement Friday, two days after the Puerto Rico Supreme Court rejected Pedro Pierluisi as governor, stressing the need for collaboration to bring stability
Market data from the Winklevoss twins-founded crypto exchange Gemini is being added to eight crypto indices offered by CF Benchmarks. Formerly called Crypto Facilities, CF Benchmarks’ eight reference products include four indices and reference rates provided for CME Group, which currently offers a bitcoin futures product: the CME CF Bitcoin Reference Rate and CME CF Bitcoin Real
Check out the companies making headlines before the bell: Uber Technologies – Uber lost $4.72 per share for the second quarter, larger than the loss of $3.12 per share that analysts were anticipating. The ride-hailing service’s revenue also came in below estimates, as growth in its ride business slowed. CBS – CBS reported adjusted quarterly
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- 8
- Next Page »