A prospective home buyer tours a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Lower mortgage rates are making buying a home slightly more affordable, but financial concerns are outweighing that benefit and lowering overall confidence in housing. Consumer sentiment in housing fell in September from its August high, according
Month: October 2019
A worker looks at the 9HA Gas Turbine, at the General Electric plant in Belfort, France. Frederick Florin | AFP | Getty Images General Electric‘s announcement that it is freezing pension plans for about 20,000 U.S. employees is part of the company’s “next steps in the balance sheet unwind,” J.P. Morgan analyst Stephen Tusa wrote
Share to facebook Share to twitter Share to linkedin Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself.
View Bitcoin has again bounced up from the 100-week moving average – a level which has acted as strong support in the previous two weeks and during the early stages of the previous bull market. The defense of the 100-week MA coupled with the oversold conditions on the daily chart suggests scope for a recovery
The municipal market continues to flex its muscles even as the U.S. economy seems to be slowing, which could lead to an even flatter yield curve. According to Dan Heckman, senior fixed-income strategist at U.S. Bank Wealth Management, the muni market right now is “pretty strong” with a “pretty flat” yield curve. After just an
Coinbase Pro – the cryptocurrency exchange’s platform for professional and institutional traders – is set to increase its fees from early next week. On Oct. 7 at 22:00 UTC, Coinbase will usher in higher rates for new tiers of accounts transacting under $10,000, and between $10,000 and $50,000, according to a company blog post on
Hiring is slowing, but the September employment report should be just solid enough — and not reflect anything near the onset of a recession. But investors will be picking over the report, which is a signal for the health of both businesses and the consumer, to see where the weakness lies, and economists expect sectors
Over the years, the crypto exchange industry has evolved at a remarkably fast pace, and one of the well-known innovators in this space has been BitGo. Recently, the crypto exchange space has seen a spike in the development of staking services for customers, and in a new development, BitGo has decided to launch that service
Share to facebook Share to twitter Share to linkedin The front door where FBI agents entered, without knocking, to execute a warrant in 2017. Shoot and Showcase Paul Manafort’s former condominium in Alexandria, Virginia, is listed for sale at $3.2 million. For the full story, click here. The following pictures show the interior of the
Google CEO Sundar Pichai testifies before U.S. House of Representatives Judiciary Committee during a hearing “Transparency & Accountability: Examining Google and its Data Collection, Use and Filtering Practices” on Capitol Hill in Washington D.C., the United States, on Dec. 11, 2018. Liu Jie | Xinhua News Agency | Getty Images FANG became FANG out of
A plan to privatize St. Louis Lambert International Airport took the first big step toward finding a private partner with the launch of a request for qualifications process. Three of four voting members of the Airport Advisory Working Group approved the action: representatives for Mayor Lyda Krewson and Council President Lewis Reed, and the group’s
Coinbase has reinstated U.K. bank deposits and withdrawals following a months-long banking holdup. As announced by the company’s U.K. arm in a blog post Thursday, British pound (GBP) deposits and transfers are available once again for local Coinbase customers. GBP denominated transactions were paused following the exchange’s July breakup with Barclays. However, a new partnership with ClearBank,
Check out the companies making headlines before the bell: Costco – Costco reported adjusted quarterly profit of $2.69 per share, beating the consensus estimate of $2.54 a share. Revenue and comparable-store sales came in below estimates, however, as the warehouse retailer joined rivals in cutting prices to defend market share. Apple – Apple is increasing
When it comes to the payments space, there is no other company that has a reputation as big as that of PayPal (NASDAQ:PYPL). Hence, when it emerged that the payments giant was going to be a part of the Libra Association, there was a lot of anticipation about the sort of product Libra was going
Torn dollar with REIT (Real Estate Investment Trust) paper message Getty Here’s a quick quiz for you: an imperative multiple-choice, single-question test that you can refuse to take. Though it might be to your detriment. If it’s any consolation, there’s no immediate penalty for answering wrong. It’s only if you forget the correct answer later
A couple sits with a mortgage consultant in Miami. Getty Images There is growing support for the idea that artificial intelligence can help remove human bias from situations where institutional discrimination has persisted for decades. California recently passed a fair hiring resolution to encourage the development and use of algorithm-based technologies in job hiring decisions.
Employees use hand tools to assemble components of a LEAP jet engine at the General Electric Aviation plant in Lafayette, Indiana, July 19, 2019. Luke Sharrett | Bloomberg | Getty Images The top analyst on General Electric sounded the alarm on Friday, in a warning to shareholders that one of the struggling conglomerate’s key businesses
The Takeaway Bitcoin prices have more than doubled in 2019, far outpacing the 31 percent return for U.S. tech stocks, which Goldman Sachs deems the best-performing asset class year-to-date. Outsize returns could attract interest from big investors in the yield-starved traditional financial markets. Executives at data firm Messari say bitcoin prices, currently around $8,200, could
California’s spreads to municipal market benchmarks have tightened over the past decade and its ratings have risen as the state’s economic and budget conditions improved, according to the state treasurer’s annual debt affordability report. The state has sold $7.5 billion of general obligation bonds since Treasurer Fiona Ma took office in January, including $5.2 billion
Cryptocurrency investment fund Galaxy Digital and over-the-counter (OTC) trading firm XBTO have conducted the first-ever block trade of Bakkt’s bitcoin futures contract. Intercontinental Exchange (ICE), Bakkt’s parent company, announced the trade Friday but did not disclose its size. A block trade is a large transaction that takes place off the open market in order to
Chad Dickerson, Chairman and CEO of Etsy rings the Nasdaq Opening Bell in Celebration of IPO at Nasdaq on April 16, 2015 in New York City. Getty Images Check out the companies making headlines in midday trading: Etsy — Shares of Etsy rose 1.1% after Nomura Instinet began covering the stock with a buy rating, saying the
Coinbase has announced that it will increase fees on its Coinbase Pro platform as well as resuming support for UK deposits and withdrawals. Coinbase Pro, the cryptocurrency exchange’s platform for professional and institutional traders, will adopt a new fee structure that will see an increase in fees on all transactions under $10,000 USD and between
Experts predict mortgage rates will stay low for the foreseeable future. Getty Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction
Sun Mountain Lumber Superintendent Nelson Bohrer walks past stacks of cut lumber at the saw mill September 12, 2019 in Deer Lodge, Montana. Chip Somodevilla | Getty Images It is hard times for the U.S. hardwood lumber industry. The trade war with China has caused a steep drop in U.S. exports of the product, and
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images The market is in a slow melt-up mode on Friday. There was a volume spike at 11:30 a.m. as European markets closed and as the S&P 500 passed the earlier highs of the day at 10:00 a.m. ET, a
Increased financial pledges from city and state sources triggered a two-notch upgrade for the long-struggling Philadelphia School district to a higher speculative-grade rating ahead of a more than $600 million bond deal that will also benefit from state credit support. Fitch Ratings upgraded the system’s issuer default rating to BB-plus from BB-minus Thursday, citing positive
Blockchain investigations firm Chainalysis has added support for five more ERC-20 tokens, expanding the reach of its anti-money laundering tracking service. New coins include Basic Attention Token (BAT), OmiseGO (OMG), Dai (DAI), Maker (MKR) and 0x (ZRX). Together, they represented about 0.4% of the overall crypto market cap, and 0.002% of the market’s 24-hour volume
It was one of the stranger market moves of the year in an already strange week. After dropping more than 30 points on a disappointing September Non-Manufacturing ISM, the S&P bottomed 10 minutes later and rallied back to 2881, reversing almost all of the losses, and then went positive later in the morning. What happened?
Customers push shopping carts while exiting a Costco Wholesale Corp. store in Richmond, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Costco dipped 1% during extended trade after the company reported sales that missed analyst expectations for the fourth quarter. The wholesaler reported
Libra, the underfire planned cryptocurrency from Facebook (NASDAQ:FB), has been described as a monetary threat by senior US bank executives in a meeting with the Federal Reserve. Senior Bank Execs Opposed to Libra Libra has been heavily scrutinized by regulatory bodies and financial institutions across the globe since it was first announced back in June