View Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback. A widely-tracked 4-hour chart indicator is reporting a bullish divergence and the daily candlesticks are signaling seller exhaustion. BTC could rise above $10,270, confirming a falling wedge breakout on the 4-hour chart.
Month: September 2019
Ohio-based Fairfield Medical Center’s fiscal woes tied to a new billing and collection system pushed its credit rating on $90 million of outstanding hospital revenue bonds into junk territory. Moody’s Investors Service downgraded the bonds two notches to Ba2 from Baa3 Friday. The outlook is negative. Moody’s Investors Service downgraded Fairfield Medical Center, Ohio, to
Bakkt has officially revealed the initial deposits its customers will have to make to margin trade its bitcoin futures products. In a new notice posted Tuesday, ICE Futures U.S. – the actual futures exchange Bakkt’s contracts are trading on – announced the initial hedge and speculative requirements for customers, as well as its monthly rate add-ons.
The head of the SEC says more needs to be done to make it easier for companies to go public and that his office is taking a “fresh look” at allowing Main Street investors access to the private capital markets. In a speech to the Economic Club of New York on Monday, SEC Chairman Jay
Pedestrians pass in front of a GameStop store in New York Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop plummeted more than 16% after the company cut its forecast and reported second quarter earnings that fell short of expectations. The company said it expects adjusted full-year earnings per share
Coinbase, a leading crypto trading platform, has announced a new $2 million USDC fund to further develop decentralized finance (DeFi) projects. Difference Between Bootstrap Fund and Coinbase Ventures The initiative is to be called the USDC Bootstrap Fund and will see $1 million USDC invested in both Compound, a money market protocol, and dYdX, a
It’s no secret that many industries have experienced disruption from technological innovation, from Uber’s effects on the taxi industry to Amazon’s impact on the retail sector. Yet, the commercial real estate industry has been slower to embrace the shift. I decided to look at three companies that are revolutionizing the commercial real estate industry through
Democratic presidential candidate and former U.S. Vice President Joe Biden delivers remarks about White Nationalism during a campaign press conference on August 7, 2019 in Burlington, Iowa. Tom Brenner | Getty Images Billionaire and real estate magnate George Marcus is preparing to host former Vice President Joe Biden next month for a 2020 fundraising event.
The labor market and the broader economy are both better than they look on the surface, and in fact have been mostly defying the continual patter of recession expectations. By multiple measures, the U.S. is staying ahead of the global slowdown, the trade war with China and the bond market’s implication that the decade-long recovery
Bakkt is all set to launch its much-awaited platform for Bitcoin futures. When cryptocurrency first grabbed the attention of the global public, it was still looked upon as a novelty and something far too chaotic to be regulated by the relevant authorities. However, much has changed over the past couple of years as a range
The turnaround of Long Island Power Authority under the leadership of former Morgan Stanley banker Tom Falcone entered a new chapter last week with three rating upgrades. LIPA’s bonds are carry the highest ratings in the public utility’s 33-year history following one-notch upgrades from Moody’s Investors Service, S&P Global Ratings and Fitch Ratings ahead of
View Bitcoin risks falling below $10,000 this week, having confirmed a high-volume bearish reversal on the daily chart on Friday. A break below $10,000 would expose key support levels lined up at $9,755 and $9,320. The bearish case would weaken if the cryptocurrency rises above $10,350 today, confirming a wedge breakout on the hourly chart.
An employee hands a customer their order at the drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Wendy’s shares fell about 4% after the company slashed its 2019 forecast as it announced plans to roll out breakfast nationwide
Bitcoin’s value risks falling below the $10,000 USD psychological mark this week after making some strong gains last week. Bitcoin Dropped to $10,060 Today The world’s top cryptocurrency dropped to $10,060 this morning, which is the lowest valuation since September 2. Momentum last week saw BTC recover from falling below the $10,000 mark at the end
The McAdams, MetroNational’s most recent mid-rise apartment project in its Memorial City development on Houston’s west side, recently completed a 9,000-square-foot amenity deck to meet rising expectations of tenants. Photo courtesy of MetroNational As the line between posh hotels and plush high-end housing continues to blur, a luxury apartment development on Houston’s west side is
An Open house in Dallas, Sunday, Sept. 8, 2019. Bethany Jordan | CNBC Mortgage rates are around the lowest in three years, but buyers are suddenly much more cautious about purchasing a home. Competition is cooling, and consequently sellers can no longer command any price. Consumer sentiment in housing did improve in August, according to
An activist investor with a penchant for bold calls about companies losing value spoke to CNBC’s “Squawk Box” on Monday about his latest position, which bets that household products company Church & Dwight will lose half its value. Spruce Point Capital founder Ben Axler published a report last week expressing “significant concerns” about Church &
Katherine Thursby has joined Fox Rothschild as a partner in San Francisco and Los Angeles, adding depth to the national law firm’s public finance bench. Thursby, a board member for the Women in Public Finance’s northern California chapter, increases the firm’s public finance practice to 16 attorneys nationwide, three of which are located in California.
Max Boonen is founder and CEO of crypto trading firm B2C2. This post is the first in a series of three that looks at high-frequency trading in the context of the evolution of crypto markets. Opinions expressed within are his own and do not reflect those of CoinDesk. The following article originally appeared in Institutional Crypto by CoinDesk, a
Check out the companies making headlines before the bell: Lululemon – Lululemon reported quarterly profit of 96 cents per share, 7 cents a share above estimates. Revenue also beat forecasts. The apparel maker’s comparable-store sales jumped 15%. Lululemon also raised its full-year guidance. Results were boosted by strength in online sales and in the menswear
Binance is the world’s biggest crypto exchange, and it made a massive announcement yesterday. The world of cryptocurrencies has come a long way since the days when there used to be a handful of tokens and investors generally switched from one token to another. However, over the past few years, a wide range of tokens
CORRECTS YEAR TO 2019-Power company lineman work to restore power after a tornado hit Emerald Isle N.C. as Hurricane Dorian moved up the East coast on Thursday, Sept. 5, 2019. (AP Photo/Tom Copeland) ASSOCIATED PRESS Few investments produce the rich returns that climate adaptation does, but the pace of climate adaptation in the United States
With competition increasing among internet-based real estate firms for control of the homebuying and -selling market, companies including Opendoor, Redfin and Zillow are seeking ways to design an end-to-end experience when consumers buy, sell or trade a home online. On Thursday, Opendoor — which makes instant online offers to buy homes — announced it was
CNBC’s Jim Cramer said Friday that Federal Reserve Chairman Jerome Powell should admit he was wrong to increase interest rates so aggressively last year, as the U.S.-China trade dispute was escalating, economic growth was starting to cool and the stock market was tanking. Powell should acknowledge the mistake and change course, Cramer said. “Why can’t
A $10 billion week starts off with four AAA deals on Tuesday, which could shape the tenor of the market for the rest of it. The bonanza headed for the primary market should not only entice investors responsible for record-setting fund flows in 2019, but also set the volume bar at one of the highest
LINE, provider of Japan’s most popular messaging app, has just been approved for a cryptocurrency business license in the country. The news, reported by CoinDesk Japan on Friday, means it will be able to offer its crypto exchange services in Japan where it has 80 million monthly active users. The new platform is to be called
Mark Zuckerberg, chief executive officer and founder of Facebook, holds his phone after the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 13, 2018. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Kellogg — Kellogg rose 2.3% on
The crypto exchange space has evolved at a lightning speed over the past few years, and much of that is due to the fact that cryptocurrencies are now traded by a much larger pool of people. Hence, there is also a need for the creation of more crypto exchanges so that people can easily buy,
outdoor portrait of well dressed middle age caucasian adult woman and man couple under falling large group of money Getty I know what that title sounds like. It sounds like a get rich quick scheme. In which case, it sounds like a scam. If that’s how you perceived it – and I’m guessing you probably
2020 Democratic U.S. presidential candidate and former Vice President Joe Biden speaks during the Presidential Gun Sense Forum in Des Moines, Iowa, August 10, 2019. Scott Morgan | Reuters Joe Biden’s associates still expect Andrew Goldman, who co-founded a natural gas company, to serve as co-host for a fundraiser for the Democratic presidential candidate Thursday
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