Source: Waste Connections Christopher Warner and Ozo Jaculewicz helped build one of the top-performing funds of 2019 with an unconventional bet: Waste Connections. Waste Connections, a waste management company based in Canada, has the largest weight in the Wells Fargo Asset Management Discovery fund (WFDAX), which is managed by Warner and Jaculewicz. Their bet on
Month: September 2019
View Bitcoin is likely to end the current week (Sunday, UTC) on a positive note, having registered losses in the previous three weeks. Prices are currently up 10 percent on a month-to-date basis. The weekly gain could be much bigger if prices invalidate a bearish lower highs pattern with a UTC close above $10,956 (Aug.
Puerto Rico’s Unsecured Creditors Committee this week filed an objection in court in an effort to block successors of the Government Development Bank from making $578 million in claims against the island’s central government. The Unsecured Creditors group in the territory’s historic bankruptcy are battling with bondholders to recover debt owed by the government. Puerto
As the Chinese yuan falls in value due to factors like the ongoing trade war with the U.S., there are signs that locals are increasingly moving funds into bitcoin. According to a Bloomberg analysis of prices over 30 days, the negative correlation between the yuan and bitcoin has fallen to a record low in the
Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease. The S&P 500 is about 2% from an intraday record reached on July 26 after notching back-to-back weekly gains. The broad index is up 1.8% this past
Over $1 billion USD worth of Bitcoin was transferred to one wallet today in a major transaction, making it the fifth richest Bitcoin wallet in existence. The Richest Non-Exchange Address A group of large-scale Bitcoin owners, known as whales, moved 94,504 Bitcoins to an unknown wallet, which now becomes the richest non-exchange address, as well as
Share to facebook Share to twitter Share to linkedin Kim Kardashian and Kanye West at the 2019 Met Gala. AFP/Getty Images Topline: Kanye West added a sprawling, 9,000-acre ranch located outside Cody, Wyoming to the collection of homes he has with his wife Kim Kardashian, who had said she wanted to move their family there.
Just under a quarter of Americans are “very confident” they’ll have enough money to retire comfortably. And many expect to delay retirement at least until age 65, according to recent studies. So what’s a person who’s ready to call it quits at the office to do? Relocating to more affordable climes is one option. Personal
Federal Reserve Chairman Jerome Powell said Friday that the ongoing trade war between China and the U.S. is weighing down companies’ investment decisions. “I think it is the case that uncertainty around trade policy is causing some companies to hold back now on investment,” Powell said in Switzerland. ”We’ve been hearing quite a bit about uncertainty. So
View Bitcoin created a “spinning-top” candle on Wednesday, pouring cold water over the optimism generated by the triangle breakout witnessed earlier this week. The spinning top has made today’s UTC close pivotal. A close above Wednesday’s high of $10,834 is needed for the continuation of the recent rally. A UTC close below the spinning top’s
Six weeks after Puerto Rico’s bankruptcy judge ordered mediation to resolve bondholder disputes over almost $25 billion of island government debt, the mediator has yet to address core legal issues. A bondholder source familiar with the process said mediators and participants are trying to establish a “base” around which to negotiate. Participants are focusing on
Crypto exchange Binance is launching a dollar-backed stablecoin in the U.S. Moreover, the new Binance USD (BUSD) has received the blessing of the New York Department of Financial Services (NYDFS). The exchange announced Thursday that NYDFS had approved the new offering, which Binance is launching in partnership with the Paxos Trust Company. The Binance stablecoin
DocuSign CEO Daniel Springer. Source: DocuSign Check out the companies making headlines after the bell: Shares of DocuSign surged as much as 22% after the company reported better-than-expected second-quarter revenue and issued strong third-quarter and full-year revenue guidance. That news outweighed DocuSign’s second quarter earnings per share, which fell 3 cents short of Refinitiv consensus
Payments Experts NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) Primed to Become a Leading Digital Payments Processor A truly MONUMENTAL shift is underway, as businesses and merchants around the world transition towards a fully digitized economy. In the United States alone, the payments market of business-to-business (B2B) transactions is currently worth $22 TRILLION.[1] To streamline this and
Share to facebook Share to twitter Share to linkedin The U.S. government took control of Fannie Mae and Freddie Mac in 2008. (AP Photo/Manuel Balce Ceneta) ASSOCIATED PRESS Topline: The Trump administration on Thursday proposed a plan that would bring mortgage buyers Fannie Mae and Freddie Mac out of government conservatorship, where both have been
An employee entrance sign stands outside Freddie Mac headquarters in McLean, Va. Andrew Harrer | Bloomberg | Getty Images WASHINGTON – The Trump administration on Thursday released its first formal plan to overhaul the housing finance system and begin the process of removing Fannie Mae and Freddie Mac from government conservatorship, where they have been
In this photo illustration, a visual representation of a cryptocurrency sits on display in front of a Facebook logo. Chesnot | Getty Images When it comes to the development and regulation of cryptocurrencies, many in Washington have been producing more heat than light. By all accounts, the crypto industry and its dozens of digital asset
Budget pressure amid plans for capital investments drove a downgrade to a Long Island hospital affiliated with the Mount Sinai Health System network. Moody’s Investors Service downgraded Mount Sinai’s South Nassau Communities Hospital in Oceanside, N.Y. to Baa2 from Baa1 Tuesday, citing fiscal struggles in 2018 that have continued this year. The downgrade impacts roughly
View Bitcoin’s five-day winning run, the longest in a month, has neutralized the short-term bearish view. A UTC close above the lower high of $10,956 created on Aug. 20 is needed for a bullish revival. Volumes picked up on Tuesday, adding credence to Monday’s triangle breakout on the daily chart. So, a rise to $10,956
The Slack Technologies logo is seen on a banner outside the New York Stock Exchange (NYSE) during thew company’s IPO in New York, June 20, 2019. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Slack plunged 15% in extended trading after the company released its first earnings report
Elliptic, a British startup firm aimed at tracing suspicious crypto activity, has raised $23 million USD in a funding round led by SBI Holdings. Elliptic to Expand into Asian Markets The Series B funding round was led by Japanese financial institution SBI Holdings and will enable Elliptic to continue expansion into Asian markets where it
Perched on the side of a cliff above the Pacific Ocean, the Razor House is futuristic and dramatic and could well be home to a superhero. Gary Kasl The Razor House might be named for the pronounced angles of its design, but the dramatic home perched on a cliff in La Jolla, California was actually
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 Former Vice President Joe Biden is heading back to Wall Street for two fundraisers Thursday, the day after he participates in a climate change town hall.
Traders work under monitors displaying 3M Co. signage on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images In a world of falling and even negative interest rates, investors are searching high and low for yield. Companies with a high and stable dividends are a
Over the course of the first half of the year, the cryptocurrency market enjoyed an amazing run, and much of it was driven by Bitcoin (BTC), which ended up with hefty gains at the end of each of those months. However, the months of July and August proved to be an extremely turbulent period for
View Bitcoin’s price recovery from the Aug. 29 low of $9,320 is backed by an uptick in the dominance rate to 30-month highs. Weak trading volumes, however, indicate the recovery could be short-lived and a fall back to $9,750 could be in the offing in the next day or two. Weekly chart indicators continue to
A former Wells Fargo Clearing Services trader has agreed to be barred from the industry and to pay a $25,000 monetary penalty to settle Securities and Exchange Commission charges that he submitted fraudulent retail orders to evade the restrictions put in place by issuers. Muldoon agreed to settle the administrative proceeding without either admitting or
A Norwegian savings bank dating back to the mid-1800s has just invested in a cryptocurrency exchange set up by local business magnate Bjørn Kjos. In a press release posted on the Oslo Stock Exchange, Sparebanken Øst said it had taken a 16.3 percent stake in Norwegian Block Exchange (NBX) for 15 million Norwegian krone (around $1.638 million). NBX was revealed to
A Goldman Sachs sign is seen on at the company’s post on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines in midday trading: Goldman Sachs— Goldman Sachs dropped nearly 3% as news broke that the bank’s global co-head of securities is departing. The executive, Marty
Japanese cryptocurrency exchange Liquid has revealed that proceeds from its resale of GRAM tokens are being held in escrow in a digital wallet. GRAM tokens, the eagerly awaited cryptocurrency by Telegram, were initially available through two highly secretive and selective ICOs carried out in February and March of 2018. A secondary market for these tokens