Cosmos (ATOM) is the biggest mover in the crypto space over the past week amid growing optimism. Let’s analyze the key reasons. Key Drivers The Bitcoin rally that fired up the crypto space over the course of the first six months of the year may have slowed down considerably, but there are many other tokens
Month: September 2019
I love when a brand finds a innovative, relevant, non-intrusive way to get in front of its target audience. BMW has done just that with its “sponsorship,” if you want to call it that, of Heaps Estrin Real Estate’s high-dollar home listings. The brand staged these multi-million dollar homes with brand new high-end BMW models
The homepage of Intuit Inc.’s TurboTax website is displayed on a computer monitor in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A software company created to help regular people navigate the complexities of the U.S. tax code just entered its 11th year of stock gains. Intuit, creator of TurboTax, is a stock that
Growth has beaten value in the stock market for many years. But if you are feeling uncertain about the market — the trade standoff, Brexit, the health of the European Union, the threat of a recession and years of unprecedented stimulus by central banks — it may be time for you to diversify or consider
Uncertainty over the ultimate cost of sexual misconduct claims for the Catholic Archdiocese of Chicago was a factor as Moody’s Investors Service revised its outlook to negative. Moody’s Wednesday revised the outlook on privately placed 2012 and 2013 notes totaling $137 million from stable. It affirmed the Catholic Bishop of Chicago’s A1 rating. Holy Name
Cryptocurrency exchange Huobi appears to be inching towards a reverse initial public offering (IPO), according to a document posted with Hong Kong Stock Exchange (HKEX). In the filing, dated Sept. 10, Hong Kong-listed electronics manufacturer Pantronics Holdings Limited, acquired by Huobi last August, disclosed it will change its name to Huobi Technology Holdings Limited. The company
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters The Federal Reserve is expected to cut interest rates by a quarter point on Wednesday, but what it says about its future plans will determine whether stocks
France’s Minister of the Economy and Finance has said the country will block the development of Libra in Europe as it threatens “monetary sovereignty.” Bruno Le Maire stated that he had serious concerns about the disruption the planned Facebook-led cryptocurrency could have on governments’ economic power at a meeting of the Organisation for Economic Co-operation and Development
Share to facebook Share to twitter Share to linkedin A WeWork office is seen in New York City on July 19, 2019. – With its free coffee, couches and glass partitions, shared workspace startup WeWork has shaken up both office culture and commercial real estate. Brushing aside questions about its business AFP/Getty Images Topline: WeWork
People tour a home for sale during a broker open house in San Francisco, California. In the wake of several tech company IPOs, San Francisco is bracing for its already expensive real estate market to get even more expensive. Justin Sullivan | Getty Images The average rate on the 30-year fixed is now 13 basis
Apple disputed the negative call by Goldman Sachs on Friday, which hit the stock, taking issue with the firm’s negative characterization on how Apple would account for its new TV+ service. Goldman said that the one-year free trial of the TV+ service would have a “material negative impact” on earnings by showing lower hardware profit
One of the biggest events in the news cycle this year was the return of Bitcoin and the rally that went on in the first half of the year was quite remarkable. It helped in a surge of sorts in the wider crypto space as well, but many believed that the Bitcoin rally was going
Puerto Rico, already restructuring its billions in bond debt, now needs to look for an alternative to a tax that provided 17.6% of its net revenues in fiscal 2019. U.S. Treasury Secretary Steve Mnuchin told Gov. Wanda Vázquez that the government would take steps to end the tax credit that supports Puerto Rico’s Act 154
The Chicago Mercantile Exchange (CME Group) wants to let futures traders make even bigger bets on bitcoin. CME announced its intention to increase in the so-called spot month position limit for its bitcoin futures contracts in a letter to the U.S. Commodity Futures Trading Commission (CFTC) Thursday. The limit would jump from 1,000 contracts per
andresr | E+ | Getty Images Friday’s August retail sales report is the last big economic report before the Fed begins its two-day meeting Tuesday, and it could be muddied by the Amazon Prime Day promotions that sent July sales sharply higher. Economists expect a gain of just 0.2%, after a much better than expected
Spanish banking giant Santander (NYSE:SAN) has announced today that it has become the first bank to use blockchain to manage a bond issue. The bank reportedly issued $20 million USD worth of bonds on the Ethereum blockchain, where it will remain until the end of its one-year maturity. As part of the transaction, Santander used
Home agents are using a calculator to calculate the loan period each month for the customer. Getty When you’re applying for a mortgage, your interest rate can have a huge effect on your monthly payment. With home loans, there are two different ways that your interest rate can be calculated. You can either get a
Woman walks past Fannie Mae in Washington. Kevin Lamarque | Reuters Treasury Secretary Steven Mnuchin said President Donald Trump “has approved” the Treasury’s plan to reform mortgage giants Fannie Mae and Freddie Mac. Mnuchin appeared before the Senate Banking Committee Tuesday and refused to confirm that when asked then, but said he had since confirmed
The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first time that level has been eclipsed in seven years, the Treasury Department reported Thursday. The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August.
One of the most remarkable cryptocurrency rallies was witnessed back in 2017 when Bitcoin managed to hit a price of almost $20,000 per coin. 2018 proved to be a poor year as the price crashed, but in the first half of 2019, the biggest cryptocurrency by market capitalization made a roaring comeback and scaled new
View Bitcoin’s long-term bullish bias remains intact, with prices holding well above the historically strong support of the three-day chart’s 55-candle exponential moving average (EMA), currently at $8,972. The line served as a strong base in the 2016–2017 bull market. A bullish falling-wedge breakout on the 4-hour chart looks likely and could pave the way
The Indiana Finance Authority is restating its current bond trust indenture and its wastewater and drinking water state revolving fund trust indentures ahead of pricing $200 million of bonds from the program on Thursday. The change comes as the IFA finalizes a drawdown loan of up to $436 million provided under the Water Infrastructure Finance
Gemini is launching an institutional-grade crypto custody solution, the exchange announced Tuesday. Through the Gemini Trust Company, a regulated custodian overseen by the New York Department of Financial Services (NYDFS), the Winklevoss-backed exchange now offers “Gemini Custody,” a platform which would enable clients to trade assets instantly by offering them credits. Previously, clients would have
The market is rotating. Value is back. Momentum is out. Cyclicals rule. Defensives are so August. No one wants low volatility. What is it we are rotating out of, and what are we rotating into? There’s a lot of confusion about different ways to slice and dice the markets, and which stocks fall into which
Mark Hurd, CEO of Oracle. Adam Jeffery | CNBC Check out the companies making headlines after the bell: Shares of Oracle dipped as much as 5% during extended trading after the company’s CEO, Mark Hurd, announced a medical leave of absence and $15 billion stock buy back. Founder and Executive Chairman Larry Ellison said in
Blockstack has raised $23 million USD in the first-ever token offering approved by the US Securities and Exchange Commission. Blocskstack PBC, which is a decentralized computing network aiming to antiquate data breaches and trust violations, first announced the token sale in July, having received SEC approval to raise up to $28 million USD in a
In a charming cottage on Main Street, guests can try out L.L. Bean furnishings before they buy them, or they simply enjoy them for a night or two. Harraseeket Inn If you live with flannel sheets, hunting and fishing gear, canvas tote bags, rustic furniture and those sturdy leather-on-top, rubber-below boots, then you must be
Tony Anderson | DigitalVision | Getty Images Some people will do just about anything to buy their first home. Just under 10% of homeowners surveyed by Bankrate.com, a personal finance website, said they took out money from their retirement savings to help cover the down payment and closing costs on their first dwelling. The site
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Value is seeing the light of day finally. A huge rotation out of momentum stocks is underway as investors pile on bets on economically sensitive, cheap stocks
One of the things that do not often come into the surface is the work done by Bitcoin miners when it comes to the overall cryptocurrency ecosystem. Miners are the ones who actually create the Bitcoin tokens and are given a reward for each completed block. Hence, when Bitcoin went through its downturn for the
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