Billionaire candidate Mike Bloomberg’s presidential campaign may not be taking money from some of the most influential Democratic donors on Wall Street, but he is working hard to convince them he has a path to win the nomination. Bloomberg and his team made their pitch Dec. 19 to at least 90 attendees, including many New
Month: December 2019
Donald Trump Carlo Allegri | Reuters President Donald Trump’s stock market stacks up well against the majority of his presidential predecessors. The S&P 500 has returned more than 50% since Trump was elected, more than double the 23% average market return of presidents three years into their term, according to data from Bespoke Investment Group
Preston Hollow Capital LLC will report back to the court before Jan. 10 on mediation efforts aimed at resolving its lawsuit accusing Nuveen Investments of trying to block its access to capital and pipeline of high-yield deals. The last-ditch talks came after Delaware Chancery Court Vice Chancellor Sam Glasscock III pressed to renew mediation as
This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ouriel Ohayon is CEO of KZen Networks, maker of the keyless ZenGo crypto wallet. This year Tel Aviv played host to its first Blockchain Week, a sign that the
2020 may see crypto’s most consequential fork yet: A split between regulated exchanges and privacy-focused users. Late last week, Binance’s Singapore arm threw crypto Twitter into a frenzy with reports that it had allegedly suspended one user’s account. The problem? That user, @bittlecat, had tried sending their bitcoin to the hash-scrambling Wasabi wallet in an
Traders work on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters What a decade it has been. The year 2010 began with fear that the financial crisis might continue for years. The year 2019 has ended with a 10-year stock market rally. Along the way, one factor has
Photo: Getty There are many niches in real estate, all of which tend to have sub-markets unto themselves. This is one of the beauties of the business and why you tend to find a plethora of diversity in the industry. You have your residential broker, your commercial broker, and then there is your property manager.
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage rates moved just a tiny bit higher, but apparently it was enough to dampen interest in refinances. That caused overall mortgage application volume to fall 5.3% last week compared with the previous
Wall Street veteran Byron Wien won’t release his legendary 2020 market surprises until January, but he offered one that didn’t make the cut Tuesday on CNBC. “Watch gold in 2020,” the vice chairman of private wealth solutions at Blackstone said on “Squawk on the Street.” “It has a chance to be an interesting investment.” Wien,
After spending more than $10 million on a process to find companies interested in buying the eighth-largest public utility in the country and the largest in Florida, JEA canceled the search on Christmas Eve. In an emergency meeting Tuesday, the board of directors for the utility voted unanimously to stop its procurement process in midstream
The American Cancer Society (ACS), a non-profit organization committed to funding cancer research, is now accepting bitcoin donations through BitPay. “Cancer affects people from all walks of life, so it’s not surprising that we draw support from a broad cross-section of donors,” ACS exec Brant Woodward told CoinDesk. “Our mission is urgent and in order
On today’s holiday episode of Markets Daily, we are joined by Santa Clause for a bitcoin holiday classic. Written and performed by John Barrett. Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is
A banner announcing the IPO of Uber Technologies hangs outside the New York Stock Exchange, May 10, 2019. Andrew Kelly | Reuters Check out the companies making headlines in midday trading: Uber — Shares of Uber dipped nearly 1% after the ride-sharing company said Travis Kalanick, its former CEO, will step down from the company’s
Villa Valencia, set to debut in 2021, is among the luxurious new developments to come to exclusive … [+] Coral Gables, Fla. Location Ventures It’s no secret Miami’s Downtown and Brickell districts are experiencing transformative change. In recent years, both communities have witnessed massive redevelopment that has transformed them into inviting, far more walkable live-work-play
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, April 17, 2013. U.S. stocks sank, erasing yesterday’s rally, amid losses in industrial metals and disappointing results from Bank of America Corp. Scott Eells | Bloomberg | Getty Images By one measure, the shift to passive investing
Municipal bond volume will finish the year above $400 billion for the fourth time since 2010 and third time in the past four years. “Considering how slow the year started, no one had that number or thought we would get there,” said one New York trader. “We were one pace for only about $330 billion
This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Reuben Youngblom is a programmer with a background in intellectual property law. He co-runs the RegTrax initiative at Stanford University and works with blockchain and other tech startups, providing
Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies. According to reports by Chinese media, Tencent issued an internal notice informing employees it was searching for someone to head a new cryptocurrency research unit, which will form part of the company’s payments
A line of Boeing 737 fuselages, eventually bound for Boeing’s production facility in nearby Renton, Wash., sit on flatcar rail cars at a rail yard Tuesday, April 9, 2019, in Seattle. Elaine Thompson | AP Check out the companies making headlines in midday trading: Boeing — Shares of Boeing jumped nearly 3% after the Chicago-based
Red and White Classic Christmas Stockings Getty ‘Tis the season to fill up the stockings with some attractively priced real estate investment trusts (or REITs). However, recognizing that most of all of my holiday shopping is done, I decided that I would buy myself a gift by adding a few shares to my own stocking
Jetta Productions Inc Entrepreneurs hoping to pocket some tax deductions for 2019 shouldn’t forget a new 20% break. The qualified business income or QBI deduction made its debut in 2018, a feature of the Tax Cuts and Jobs Act. The new write-off allows owners of “pass-through” entities, including S-corporations and partnerships, to deduct up to
Morgan Stanley has flagged 29 Chinese stocks that are most likely to benefit from the completion of a phase one deal between the U.S. and China. Nearly half of them are from the information technology sector, which has been hit by the trade war as those companies have been on tariff lists. Eight are from
U.S. Virgins Islands Gov. Albert Bryan forged an agreement with lawmakers to work collaboratively in identifying funding for outstanding debt tied to the island’s Water and Power Authority. Governor Roach and all 15 senators reached the cooperative agreement in an emergency session on Saturday a day after WAPA’s propane fuel supplier, Vitol, issued a default
This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Chris Dannen is co-founder at Iterative Capital, a New York-based cryptocurrency investment manager, and CEO of i2 Trading, a wholesale dealer and trading desk. Anyone who’s attended cryptocurrency conferences
Ether is down significantly from record highs and the majority of its holders are losing money on their investments. The second-largest cryptocurrency, which powers ethereum’s blockchain, is currently trading at $131, representing a 90 percent drop from the all-time high of $1,431 reached in early January 2018, according to CoinDesk’s ether price index. The relentless
photo: Getty Technology changes everything, from the way we communicate to the way we shop and even the way we eat. Technology is moving faster than ever and bringing with it massive changes and disruptions. When it comes to real estate, many agents are terrified that they will be wiped out by technology and they’ll
Construction workers build an apartment complex in Lawrence, Kan., Wednesday, May 16, 2012. U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing. The Commerce Department said Wednesday that builders broke ground in April at a seasonally
Cruise ship anchored off the shore of Grand Cayman Island, Royal Caribbean cruise liner Mariner of the Sea MyLoupe | Universal Images Group | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) There’s still time for investors to beef
Gary, Indiana’s city council has approved $20.6 million in short-term borrowing against its future tax collections to help manage cash flow. The borrowing, approved Tuesday, comes on top of a $40 million sales-leaseback bond transaction the city closed in November that brought the city’s coffers back into the black and repaid $28 million in short-term
This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Diogo Monica is president and co-founder of Anchorage, crypto’s premier custodian for institutional investors. The last few years have seen the formation of many crypto-focused hedge funds and venture
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