A couple sits with a mortgage consultant in Miami. Getty Images It was a seriously strong start to 2020 in the mortgage business for new home loans and refinances. Total mortgage application volume surged 30.2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinancing led the surge, thanks
Month: January 2020
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC For years, Jamie Dimon had a running joke: Ask him when he was going to step down from J.P. Morgan Chase, and the answer was always five years in the future, no
One of the most interesting events in the crypto sphere in the New Year has been the strong gains that have been generated by cryptocurrencies like Bitcoin SV (BSV). One pattern that can be discerned from the recent gains in BSV is the fact that it followed one of the two conscientious Bitcoin hard forks.
CME Group’s Bitcoin options got off to a good start this week with US$2.3 million traded on the first day, eclipsing the slow start made by rival exchange Bakkt. The Chicago Mercantile Exchange (CME) launched its highly anticipated Bitcoin (BTC) options on Monday, with 55 contracts changing hands on the first day alone. An options
The muni market saw a handful of deals price to kick off the weekly issuance, while the market strengthened ahead of the bellwether deals that come Wednesday and Thursday. “Demand for munis is not faltering and yields dropped today ahead of the crux of issuance,” said one Texas trader. “As if the market was not
It’s been more than three months since Wyoming began taking applications to charter a new type of crypto-friendly bank, and no company has announced its application while a handful of firms have indicated an intent to apply. This hasn’t cooled hype around the charter’s potential. In October, Colorado announced plans to draft special-purpose banking legislation
The U.S. Securities and Exchange Commission published a new warning against initial exchange offerings (IEOs) Tuesday. According to the notice, IEOs are similar to initial coin offerings (ICOs), many of which the agency has been investigating as unregistered securities offerings over the past several years. While IEO providers may claim their sales are different from
Pedestrians walk past a GameStop Corp. store in New York, U.S. Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Shares of GameStop fell more than 8% in extended trading after announcing holiday sales numbers that were down sharply from the previous year and lowering guidance. For a nine-week
Share to facebook Share to twitter Share to linkedin Guests can stay in the Be More Active suite at 25 Broad St. for $20.20 a night through a promotion … [+] by travel site Booking.com Booking.com In a quirky promotion to ring in 2020, hotel reservation site Booking.com has transformed 20 units at 25 Broad
Traders work before the closing bell at the New York Stock Exchange on Aug. 14, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Many stock markets globally have continued their strong run into the new year — so it’s time to start taking some profits while waiting for another opportunity to
The SEC has produced new evidence in its case against Telegram, which shows that the company was engaged in trading Gram tokens several months after its initial coin offering (ICO). Messaging app Telegram has been embroiled in a lawsuit with the US Securities and Exchanges Commission, which alleges that US$1.7 billion raised from the sale
Retail investors recently have been more engaged in the muni market after large inflows were reported last week. It has been a couple of years since the market has seen this active of a January. If all $6.6 billion of expected issuance comes this week, that would put this month’s issuance at around $15 for
Chicago exchange CME Group has announced its highly-anticipated bitcoin options are now open for trading. Options on CME’s bitcoin futures contracts launched on the CME Globex around 16:00 UTC Monday. Each contract, quoted in U.S. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. CME relies on trade flow data from several
Dixintong Technology Group, whose parent company, D.Phone, is one of the largest smartphone retailers in China, has entered the blockchain space by acquiring a minority stake in a U.S. startup called Monsoon Blockchain. The two companies confirmed to CoinDesk that the purchasing agreement was signed on Jan. 7, but declined to disclose any financial terms
Maintenance workers cover the engine of an American Airlines Group Boeing 737 Max plane at Tulsa International Airport (TUL) in Tulsa, Oklahoma, May 14, 2019. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell. Microchip Technology — Shares of Microchip rose over 4% after releasing updated guidance
a happy young married couple moves to new apartment Getty If you’re thinking of buying a property in the next few years, but aren’t quite ready to make a move, you may want consider looking into a rent-to-own property. Below is an explanation of what rent-to-own homes are, how the process works, and tips to
A pedestrian looks at an electric quotation board displaying the numbers on the Nikkei 225 Index on the Tokyo Stock Exchange and various markets around the world, in Tokyo. Kazuhiro Nogi | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s
Cryptocurrency has gone through a lot of new developments over the past few months and today, cryptocurrency lending company BlockFi made a major new announcement. The company, which operates its own platform, announced today that it has added support for two more digital assets. Major Expansion The company announced that from now on, loans can
Demand for municipal bonds is actually much stronger so far in 2020 than it was to end 2019, illustrated by record inflows into the asset class in the latest reporting week. In the week ended Jan. 8, weekly reporting tax-exempt mutual funds added a record $2.89 billion of inflows, marking the 53rd consecutive week of
Ethereum Classic successfully completed the “Agharta” hard fork at block number 9,573,000 at 06:26 UTC on Sunday, according to etcnodes.org. Similar to the network’s last backwards-incompatible upgrade in September, Atlantis, Agharta makes ethereum classic more interoperable with sister-chain ethereum. As part of the hard fork, the Constantinople and St. Petersburg upgrades deployed in tandem on
The best Sundays are for long reads and deep conversations. Earlier this week, the Let’s Talk Bitcoin! show enlisted CoinDesk reporter Leigh Cuen and early cypherpunk Zooko Wilcox for a conversation on the history, challenges and long term development path of early, formative technologies. which we often hear modern blockchain movements compared against. From the
Boeing employees beneath company 787 Dreamliner (N787BX) at the Farnborough Airshow. On its first flight outside of the US during its testing programme, the newest airliner in the Boeing aviation family, has arrived at the air show for a few days of exhibitions to the aerospace-buying community and the trade press. Richard Baker / In
The sprawling home is reminiscent of the traditional plantation style of Old World Hawaii. Marcus Bloss Photography/Oceanfront Sotheby’s International Realty CrossFit co-founder and CEO Greg Glassman is looking to sell his plantation-style home and an adjacent lot on the island of Kauai, Hawaii, as a package deal for $9 million. The 11-acre estate is tucked
A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images The average rate on the 30-year fixed mortgage fell to the lowest level since October this week, at 3.69%, according to Mortgage News Daily. That has an already competitive housing market heating even more. Open
McDonalds Big Mac Getty Images Wall Street analysts say there’s no shortage of high quality stocks with upside for investors as 2020 gets underway. Many analysts named their top picks this week and CNBC looked at the most recent research to find the best picks. Stocks include Verizon, McDonald’s, Estee Lauder, Facebook, Simon Property Group,
The crypto space has had a bit of a rollercoaster ride over the course of the past year, during which many cryptocurrencies have had their time in the sun, and one of the more notables tokens to considers in this regard is Bitcoin SV (BSV). Key Drivers In a development that will come as a
California Gov. Gavin Newsom prioritized programs to combat homelessness, prevent wildfires and make healthcare more affordable as he unveiled his $222.2 billion 2020-21 budget Friday. The expansive budget included much more than his stated trio of priorities. The budget proposal anticipates a surplus for the seventh time in eight years even as spending increased by
LedgerX announced Friday that co-founder and former chief technology officer Zach Dexter has been named the new CEO of the bitcoin derivatives company. The company suspended CEO Paul Chou and COO/CRO Juthica Chou last month, with no explanation. The two were also co-founders of the company. Depository Trust and Clearing Corporation vice chairman Larry Thompson
It’s a cliche at this point to compare bitcoin to the “early days of the internet,” since they are both examples of emerging technologies. But does the cliche actually hold true? If we work with a vague definition of the World Wide Web going live in 1991, then within the first decade that ecosystem grew
Customers look at the Apple’s new iPhone 11 series smartphones in an Apple retail store on East Nanjing Road in Shanghai. Alex Ta | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading on Thursday: Apple – Apple shares climbed 2% to a record high after data from
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