Bitcoin’s average daily trading range so far in March is its lowest in nearly two years when, at the time, the world’s largest cryptocurrency was worth roughly a quarter of what it is now. At the time of writing, bitcoin’s average 24-hour trading range so far this month, defined as the average difference between the
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A federal agency’s denial of $306 million in funding for repairs to California’s Oroville Dam may have larger ramifications for state and local governments with aging infrastructure. The Federal Emergency Management Agency told the California Department of Water Resources on March 7 that it won’t grant the full reimbursement requested for repairs to the dam,
The Chinese government would have taken a tougher stance on trade with the U.S. if it thought Robert Mueller’s investigation was any real risk to Donald Trump‘s presidency, veteran fund manager Mark Mobius told CNBC on Monday. China “probably has done all the numbers and they realize it would be very difficult to impeach the
ConsenSys spin-out BlockApps is working with Bayer Crop Science, the controversial agricultural giant formerly known as Monsanto. The multinational corporation is collaborating on several BlockApps pilot projects, CoinDesk has learned, although the firm declined to specify how many. The projects began as proof-of-concept implementations in 2018. Michael Pareles, the global digital strategy manager of Bayer’s
Check out the companies making headlines midday Thursday: Apple — Apple shares climbed over 3 percent in midday trading after Needham upgraded the stock to strong buy from buy ahead of a launch event on March 25. The technology giant is expected to introduce its video streaming service at the event, challenging market leaders such
Chriselle Lim at home. Karla Ticas Chriselle Lim, who is the Korean-American founder of The Chriselle Factor is more than just a social media star or YouTuber. And perhaps the term “influencer” doesn’t cut it either. While she has over a million followers on Instagram (1.1 million to be exact), she has also excelled as
Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that temporarily skewed the data. Realtors pointed squarely to dropping mortgage rates and home prices for
WASHINGTON — Though the Municipal Securities Rulemaking Board’s EMMA has seen its share of improvements and upgrades over the years — and more are on the way — some market participants say it needs more user-friendliness, more organization and more accessibility in its filing process. As EMMA is in its 11th year, Lisa Washburn, managing
Low-cost exchange-traded funds have been gaining popularity in the ETF world, but one new product is taking that trend to the next level. Rather than offering low or no fees, the Salt Low truBeta US Market ETF brands itself as a low-volatility fund that can do investors one better: it plans to actually pay them
Mt. Gox Legal, a group of around 1,000 creditors of collapsed crypto exchange Mt. Gox, has prepared a draft proposal representing its consensus on how the exchange’s remaining assets should be paid out, according to a document obtained by CoinDesk. Mt. Gox trustee, Nobuaki Kobayashi, released new details this week on the amounts of secured cryptocurrency (in bitcoin
Check out the companies making headlines before the bell: Tiffany — Tiffany came in 7 cents a share above estimates, with quarterly profit of $1.67 per share. The luxury goods retailer’s revenue was short of forecasts, however, and Tiffany’s comparable sales fell 1 percent compared to analysts’ projections of a 0.8 percent increase. Hibbett Sports
Share to facebook Share to twitter Share to linkedin Despite divisive contemporary politics, American interest in and appreciation of Mexican culture is reaching new heights. Just last month Brooklyn Museum opened Frida Kahlo: Appearances Can Be Deceiving, the largest retrospective of the iconic artist in the United States, and director Alfonso Cuaron made cinema history
For years, China has toyed with the idea of a property tax, but at least one developer doesn’t think now’s the right time. Zhang Xin, chief executive of real estate developer Soho China, said on Saturday that the country’s economy is too “soft” for such a tax. “In today’s market, when the economy is so
View Bitcoin created a doji candle yesterday, signaling buyer exhaustion near the crucial 21-week moving average (MA) resistance at $4,073. As a result, a price pullback could be in the offing in the next 24 hours. A break below $3,930 (flag support on 4-hour chart) would further strengthen the case for a pullback and expose
It’s feast after famine as municipal bond buyers will see a hefty new issue slate head their way next week. Next week’s deals will be pricing into an uncertain market environment, albeit one that may benefit issuers more than investors. On Friday, the Treasury yield curve inverted for the first time since 2007, triggering the
People don’t necessarily give to charity because of tax benefits, but it doesn’t hurt. However, the new tax law, among other things, has eliminated or sharply reduced the benefits of charitable giving for many would-be donors. Even though the deduction for donations is unchanged, you still need to itemize to claim it, and that’s a
Chicago-based cryptocurrency exchange Seed CX, which Bain Capital backed last year, is expanding to Asia. The institution-focused exchange announced Thursday that it has teamed up with Singapore-based trading infrastructure technology provider Hydra X for the effort. The partnership will allow Seed CX to integrate its platform with Hydra X’s trading platform Sigma, which is currently
So much for the rally. On Thursday, the S&P 500 got within 2.4 percent of its historic high only to tumble on Friday. We got mugged by slower global growth again. Remember the bull narrative: The Fed and the central banks have our back, the tariffs are going to go away, the Chinese are going
Check out the companies making headlines midday Friday: Tiffany — Shares of Tiffany rose 3.41 percent after the jewelry retailer reported mixed fourth-quarter results. The retailer reported earnings of $1.67, 7 cents higher than expected, and revenues of $1.321 billion, missing estimates by $11 million. Tiffany also reported a 1 percent drop in worldwide sales,
Cryptocurrency received an endorsement from Chicago Mayor Rahm Emanuel when he stated that wide-scale crypto adoption is “inevitable” at a FinTech meeting in his city earlier this week. The chief of staff for former US President Barack Obama said that while he is no expert in crypto technology, he believes digital assets could help financially unstable countries with
The Kin technology will first roll out in the Jackson Park rental complex in Long Island City. Jackson Park Relief could be on the way for urban families struggling with the high cost of childcare. Kin, a residential brand formed through a new partnership between real estate developer Tishman Speyer and the co-living company Common,
The average rate on the 30-year fixed mortgage is falling again today, as investors rush into the bond market. Mortgage rates loosely follow the yield on the 10-year Treasury. The average lender is offering a rate between 4.125 and 4.25 percent, with more aggressive lenders going to 3.875 percent for borrowers with pristine applications, according
View Bitcoin failed to capitalize on a bull breakout above $4,040 yesterday, but the short-term outlook remains bullish as the higher-lows pattern is still intact. A convincing break above the three-day chart resistance of $4,040 still looks likely and could be followed by a rally toward the recent high of $4,190. The immediate outlook would
California State Controller Betty Yee warned legislative budget committees that her office may miss the April 1 deadline for releasing its comprehensive annual financial report. Yee cited problems the controller’s office has encountered in moving her office’s financial systems onto the state’s electronic Financial Information System for California, commonly referred to as FI$CAL. The March
The bond market is edging closer to signaling a recession, but don’t panic yet, stocks could have a lot more to run even if the feared “yield curve” inverts, history shows. The yield on the 3-month Treasury bill and the 10-year note went into negative territory on Friday, the first time since 2007. The more
Overstock’s security token platform tZERO is going full crypto. Until now, security tokens had been the startup’s priority, but this summer, tZERO plans to launch its own mobile trading app for buying and selling bitcoin and, possibly, ether, CEO Saum Noursalehi told CoinDesk Thursday. The app for IOS and Android devices is scheduled to launch
After months of waiting, the 2019 IPO pipeline will finally open on Thursday with Levi Strauss. It is a perfect moment for the long-stalled IPO market. Investors are salivating at the ocean of well-known names seeking to go public: The IPO market has continued to rebound since February, and the Renaissance Capital IPO ETF (IPO)
Coinbase has released two large announcements regarding features on some of its platforms in the last 24 hours. The San Fransico-based cryptocurrency exchange made a large upgrade to its Coinbase wallet, and it also announced that Coinbase Custody is directly integrated with its OTC trading desk. The new Coinbase upgrades should have crypto enthusiasts thrilled.
Check out the companies making headlines after the bell: Shares of Nike dropped more than 3 percent in extending trading Thursday following the release of the retailers better-than-expected third-quarter earnings results. Nike posted earnings per share of 68 cents, beating estimates of 65 cents, according to Refinitiv. Revenue came in-line with Wall Street’s expectations at
Filipinos are beginning to see the ugly side of the Chinese investments: a large influx of Chinese workers, rising property values, and fears that Philippines could turn into another Sri Lanka. That’s according to several stories that circulated the Asian media since President Duterte opened up the Philippines economy to China. These stories come at