Economist Burton Malkeil has called the index fund “the most important financial innovation that has been created for the individual investor.” And one look at index-fund pioneer Vanguard’s performance over the past decade shows that many individual investors agree. For the past 12 years, Vanguard has taken in more money on a net basis than
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Freeport-McMoRan has struck gold. The miner’s shares surged on Tuesday in its fifth one-day rally of more than 5 percent since the beginning of the year. Ari Wald, head of technical analysis at Oppenheimer, says he doesn’t see a strong fundamental picture but the technicals support another rally from here. “It doesn’t fit any of
The amount of money allocated to short bets against bitcoin fell to a more than 6-month low during Tuesday’s trading session, data from the popular cryptocurrency trading platform Bitfinex reveals. At 13:00 UTC today, the total funding in BTC shorts, or positions that would profit from a decline in the price of the underlying bitcoin
Check out the companies making headlines after the bell: Devon Energy shares surged more than 6 percent after reporting fourth-quarter earnings and plans to separate its Canadian and Barnett Shale assets. The company said these plans aim “to complete the transformation to a high-return U.S. oil growth business.” The oil producer’s adjusted earnings per share
The markets are starting off with a somewhat defensive edge on Tuesday, but the overall trend has been remarkably positive. So, why are so many people cautious about the markets? You wouldn’t be cautious looking at the details. Breadth as measured by the advance/decline line has been improving almost every day since the Dec. 24
A cryptocurrency bull run has taken hold of the entire crypto market. Digital coins have been rallying back (and then some) in recent days. The gains continue today as, according to CoinMarketCap, all the top 20 coins stay in the green. Cryptocurrency Bull Run At the time of writing, Bitcoin—the largest coin by market cap—is valued
Ten-X Commercial President, Maureen WatersDale Marek for Ten-X Commercial “I’m currently reading Subscribed by Tien Tzuo,” says New York-born Maureen Waters President of Ten-X Commercial. She believes the subscription economy will be part of the 10 year-old global proptech platform’s future. Ten-X manages almost $53 billion dollars of commercial real estate transactions according to its
Payless ShoeSource filed for bankruptcy protection on Monday, a day after it began winding down its 2,500 U.S. stores. The retailer, founded in 1956 in Topeka, Kansas, expects all stores to remain open until at least the end of March and the majority until May. That will keep many of its stores open through the
The U.S. Securities and Exchange Commission (SEC) may make an initial decision on not one, but two different bitcoin exchange-traded fund (ETFs) proposals by April 5. A bitcoin ETF proposal submitted (for a second time) by VanEck, SolidX and the Cboe BZX Exchange is expected to be formally published in the Federal Register Wednesday, kicking off
New Jersey is on pace for a revenue shortfall driven largely by the effects of federal tax law changes, according to Gov. Phil Murphy’s administration. The Garden State’s tax collection growth from major revenue sources is at 3% seven months into the 2019 fiscal year, a Department of Treasury report said last week. The Murphy
Google unveiled an ambitious plan eight years ago to build a wind energy project in the Atlantic Ocean running all the way from New York to Virginia. That massive “underwater spine” has been slow to progress, but Google is moving ahead with its first water-based renewable energy project — it is just a little smaller
View Bitcoin jumped to one-month highs earlier today, validating the falling wedge breakout seen in the 4-hour chart on Friday. The outlook as per the daily chart remains neutral, as the cryptocurrency is still trapped in a symmetrical triangle. That said, a break above the upper edge of the triangle, currently located at $3,760, looks
Check out the companies making headlines before the bell: PepsiCo – The beverage and snack giant reported adjusted quarterly profit of $1.49 per share, matching Street forecasts, while revenue beat estimates. However, PepsiCo also forecast an unexpected drop in full-year profit, due to a stronger dollar and increased investments. Deere – The heavy equipment maker
According to Cointelegraph, Europe’s Banco Santander and tech behemoth IBM have announced an accord involving the IBM blockchain. The pair signed a $700 million USD deal aiming to increase Santander’s technological developments. The news was released yesterday via a press release. IBM Blockchain The deal is a five-year “global technology agreement” that will improve the bank’s services
This Lakeside Container Cottage was designed by Christopher Bittner and is 720 sq. ft. in San Diego County CA. The exterior of the house is completely non-combustible because it is in a wildfire zone. Non-combustible exterior elements include dual pane-tempered exterior glass, Class A roofing materials, and fire sprinklers. Siding and soffit panels are cement
Bullish bets on bitcoin, the world’s largest cryptocurrency by value, reached 11-month highs on Monday, according to the data from the cryptocurrency exchange Bitfinex. The number of long positions on bitcoin’s US dollar-denominated exchange rate (BTC/USD) jumped to 38,237 BTC at 04:10 BTC – the highest level since March 30, 2018 – and were last
Business activity grew modestly in New York State in February, according to firms responding to the New York Federal Reserve’s Empire State Manufacturing Survey. The New York Fed said on Friday that the general business conditions index rose five points to 8.8. “Manufacturing firms in New York State reported that business activity grew, though like
If you’ve stashed some cash in a savings account, this is your time to shine. Signs of rising inflation, which pushed the Fed into hiking rates beginning in 2015, are finally having a significant effect on the annual percentage yield banks pay consumers on their money. As a result of the increase, savings rates are
The clock just started on the latest effort to launch a bitcoin exchange-traded fund (ETF). The U.S. Securities and Exchange Commission (SEC) announced it was beginning its review of a bitcoin ETF rule change proposal filed by NYSE Arca and Bitwise Asset Management on Feb. 11, and the proposal itself was published in the Federal Register
Anchor, a New Financial Standard and Monetary System for Preserving and Enhancing the Value of Investor Holdings Anchor is a two-token stable currency system pegged to a financial index that safeguards investments against economic volatility, inflation and market speculation. Anchor AG, a financial services holding company, introduces Anchor, a dual-token stable currency that is pegged
The stock market is euphoric over the idea that a trade deal between the U.S. and China will fix the economy and boost earnings. However, the bond market is a different story. There, investors still perceive uncertainty, and even a possible recession lurking. “One of these markets is going to be wrong, and it’s hard
20 Hours Ago Ryan Serhant, real estate agent and managing director at NestSeekers International, started his career in Long Island City. He is well known as one of the real estate agents on Bravo’s “Million Dollar Listings New York.” Watch what he has to say about the Amazon HQ2 situation and how his clients are
The 2018 tax season is here! We are finally going to see the effects of the tax law change at the end of 2017. And as you can image, lots of questions are coming in already. One subject that has really caught my eye has been how to handle running an S-Corp as a sole
Calling precise market tops and bottoms is next to impossible in the volatile cryptocurrency markets. That said, some traders believe identifying speculative bubbles and moments of bearish exhaustion can be made possible through the use of a fairly new metric known as the Mayer Multiple. Created by noted investor and podcast host Trace Mayer, the Mayer
U.S. factory production unexpectedly contracted in January, shrinking the most in eight months on weakness in the automotive sector and indicating a weak start to the year as headwinds including a trade war with China weighed on factories. Manufacturing output fell 0.9% after a downwardly revised 0.8% increase in the prior month, Federal Reserve data
An influx of young investors are leading a charge of socially responsible and sustainable investing, funneling their money into investments and projects that serve the greater good. In financial circles, socially responsible investments (SRI) and funds geared toward environmentally, socially and governance-friendly (ESG) projects have grown in popularity with millennial investors. Those activities include avoiding
Christopher Brookins is the founder of Pugilist Ventures, a quantitative crypto fund founded out of Carnegie Mellon. ———— In 2018, the ethereum network has been hobbled by delayed protocol upgrades, ICO boom hangover and the overall crypto winter. However, several fundamental indicators, which, in theory, should be indicative of positive price momentum, are pointing to
Check out the companies making headlines midday Friday: XPO Logistics – XPO stock tanked a whopping 17 percent after the transportation company reported disappointing fourth-quarter results. Its earnings came in eight cents shy of estimates with adjusted quarterly profit of 72 cents per share, and the company’s revenue also fell short of expectations. XPO also
Ripple’s CEO, Brad Garlinghouse, has finally responded to JPMorgan’s recent announcement of its new JPM Coin. Is Ripple feeling the pressure or just annoyed with a bank adopting a similar system? Let’s find out. As predicted, banks are changing their tune on crypto. But this JPM project misses the point – introducing a closed network
Seller Financing Pros and Cons(c) Can Stock Photo / Feverpitched The two letters cited in this article were received the same week. “I am about to buy a home and the seller is offering me a loan at an interest rate .5% lower than the bank’s rate. Should I take it?” An offer of seller