The crypto sphere has been buzzing over the past few days owing to the Bitcoin halving event, but that does not mean that other cryptocurrencies have not been making waves as well. Chainlink (LINK) and Tezos (XTZ) may be two of the smaller cryptocurrencies when it comes to market cap, but both have made noticeable
Month: May 2020
Warren Buffett’s Berkshire Hathaway has sold all its airline stocks, but retail investors at TD Ameritrade were buying them in April, according to JJ Kinahan, the firm’s chief market strategist. “Nobody in their right mind normally fades Mr. Buffett, but with that being said, I think people are buying these and saying, ‘OK, this has to be a longer-time-frame
Don’t panic by reading the headlines; find out where you stand Getty “Retirement accounts have been decimated by the recent stock market crash.” I heard this statement recently from a professional who really should know better. While the recent stock market volatility is indeed disturbing, the reality of the situation for most workers and retirees
The coronavirus pandemic could do lasting harm to U.S. productivity unless the nation adapts to the realities of living with COVID-19, says Federal Reserve Bank of Richmond President Thomas Barkin. “Increased debt loads, reduced bank lending capacity and diminished confidence surely will have a meaningful impact on investment, through which much productivity enhancement occurs,” Barkin
NY Fed study links Spanish flu to extremist voting in 1930s Germany James Politi in Washington A staff report by the Federal Reserve Bank of New York has found a correlation between deaths from the influenza pandemic in 1918-1920 and extremist voting in Germany in 1932 and 1933, in research that will fuel concerns about
Not even COVID-19 can put the brakes on the Facebook (FB) juggernaut. The social media giant reported earnings last Wednesday and investors liked what they saw. So did Rosenblatt’s Mark Zgutowicz. So much so, the 5-star analyst reiterated a Buy rating on Facebook shares, while increasing the price target from $223 to $244. The figure
Dan Rosensweig, CEO, Chegg Scott Mlyn | CNBC Check out the companies making headlines after the bell. Shake Shack — The burger chain’s stock whipsawed in extended trading after the company provided its first-quarter earnings. Shake Shack said it had earnings of 2 cents per share excluding some items on revenue of $143.2 million, while
Wells Fargo is temporarily halting its home equity line of credit offering. Getty Images Wells Fargo WFC is the latest big bank to join a short but potentially growing list of lenders that are hitting the pause button on applications for new home equity lines of credit amid the escalating economic crisis sparked by the
A home awaits sale at a reduced asking price in Glendale, California. David McNew | Getty Images Home prices have only fallen nationally once since the Great Depression, and that was following the subprime mortgage crisis and the Great Recession. Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted
The CFP Board is postponing exams for the industry’s most popular professional credentials, citing the risks posed by the coronavirus pandemic. The move, which follows similar actions taken in March, could crimp growth in the rising number of CFP professionals. “[The] CFP Board did not make this decision lightly,” the board’s CEO Kevin Keller said
The retirement provisions in the CARES Act may seem straightforward at first, but dig deeper into the legislation, and questions start accumulating. The points I’ve been asked most about seem to center on waivers of RMDs for 2020 and the availability to clients of penalty-free withdrawals of up to $100,000 from retirement accounts for coronavirus-related
Members of Forbes Finance Council share outdated investing “rules” you should actually steer clear of. Photos courtesy of the individual members. As the times change, so does the world of finance. Some investors are still stuck on “rules” of investing that have become obsolete, and sticking with these old adages may hurt you in the
Research company CFRA on Monday said it was upgrading a low-volatility exchange-traded fund that has a history of underperforming, saying its recent record and defensive portfolio may give it an edge in the future. The Invesco S&P 500 Low Volatility ETF SPLV, -0.84% beat the broader market during the March selloff, CFRA’s head of ETF
A view outside the Disney store in Times Square on March 22, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines in midday trading. American Airlines, Delta Air Lines, United Airlines — Airline shares came under pressure after Warren Buffett said over the weekend his Berkshire Hathaway sold all of its airline stakes
from Daily Market Wisdom with Nick Santiago For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring
More than 6m UK workers are now having part of their wages paid by the state through the newly established job retention scheme. HM Revenue & Customs said on Monday that by midnight on 3 May, 800,000 employers had applied to use the scheme, allowing them to put staff on furlough with the government covering
A Delta Air Lines jet taxis passes Southwest Airlines jets to be parked with a growing number of jets at Southern California Logistics Airport (SCLA) on March 24, 2020 in Victorville, California. David McNew | Getty Images U.S. airline shares were down sharply again on Monday, this time after Warren Buffett said Berkshire Hathaway sold its
Mamta Badkar 5/4/2020, 7:32:50 PM Greeks visit salons and stores as lockdown eases — in pictures Greece eased its lockdown on Monday enforcing social distancing measures on public transport and allowing some stores to reopen. Here is a look at life in Athens as restrictions were eased. Opticians and customers are seen wearing protective masks
CNBC’s Jim Cramer warned Monday that the U.S. economy may be too weak right now to handle another trade fight with China and discouraged the Trump administration from imposing a new wave of tariffs against Beijing. Cramer also drew a comparison to the Great Depression, saying that to hike tariffs against China now would be
The municipal market rallied Friday with high-grades leading the trading early on and AAA benchmark yields falling 10 to 11 basis points across the curve. Municipal to U.S. Treasury ratios dropped dramatically on the 10-year. The MMD muni to taxable ratio was 210.0% on the 10-year and 168.5% on the 30-year. Thursday, the MMD muni
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter reported quarterly profit of 11 cents per share, a penny a share above estimates. Revenue and the number of monetizable daily active users beating forecasts as well. Twitter is not giving any guidance for the current quarter or the
#RENTRELIEF is a rather popular tag on social media nowadays, chronicling the struggles of thousands of individuals around the globe, unable to pay their bills as the coronavirus pandemic continues to paralyze economies. It is also a hashtag of hope, exemplifying the actions of marketing entrepreneur Frederick Joseph, who last year was named to Forbes’
Curt Pickens | Getty Images The woman who approached our doorstep Monday morning was wearing a mask, her eyes doing their best to smile a greeting. She was hugging a folder and a bundle of papers. I held the door open for her but didn’t extend my hand for her to shake. Nor did she,
Warren Buffett Gerard Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an attractive price. “We have not done anything, because we don’t see anything that attractive to
Bond insurers and other involved parties filed three replies Thursday defending their claims to revenues from the Puerto Rico Highways and Transportation Authority, Puerto Rico Infrastructure and Finance Authority, and Convention Center District Authority that pay off more than $5.5 billion of outstanding bonds. The filings come in advance of a “lift stay” hearing May
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending and will also
A second wave of funding from the CARES Act will be awarded to public housing authorities across the … [+] country. Getty Images The Department of Housing and Urban Development announced on May 1 that it will provide a second round of emergency relief funding for eligible low-income families and individuals living in public housing.
A woman walks next to a “For Rent” sign at an apartment complex in Palo Alto, California. Paul Sakuma | AP Rent is traditionally due on the first of the month, and more tenants are becoming late on their payments. The economic effects of Covid-19 continue to mount, with rising job losses and falling consumer
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Carl Icahn knows the oil and gas industry very well and has arguably made more of his fortune in this industry than any other single industry. His next energy bet could pay off through a
Texas sales tax collections for April fell 9.3% from the previous year to $2.58 billion, the sharpest drop since January 2010 and the end of 31 straight months of year-over-year growth. The April figures represent sales in March, a month in which the effects of business shutdowns to slow the sprad of the coronavirus began