President Donald Trump’s early childhood home in the Jamaica Estates neighborhood in Queens. (Andrew Lichtenstein/Corbis via Getty Images)Getty You need a Congressional pass to visit The White House. You need a security pass to visit Trump Tower. For President Donald Trump’s childhood home, all you need is $2.9 million—preferably in cash. Family room with life-size
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The idea that the Federal Reserve has created a bubble in stock prices by pausing its initially hawkish rate hike agenda sounds like “nonsense” to CNBC’s Jim Cramer. “I can’t stress this point enough: When people talk about a Fed-induced bubble, they mean the Fed should be out there tightening aggressively and laying waste to
View Bitcoin has backed off 4 percent from three-week highs seen on Friday, but looks to have formed a bull flag – a bullish continuation pattern – on the 4-hour chart. A move above $3,630 would confirm a flag breakout and open the doors to $4,000 (target as per the measured move method). Acceptance below
The muni market firmed up on Monday, ahead of what should be another busy week. Ipreo forecasts weekly bond volume will rise to $6.4 billion, from a revised total of $6.1 billion last week, according to updated data from Refinitiv. The calendar is composed of $4.96 billion of negotiated deals and $1.4 billion of competitive
CNBC’s Jim Cramer is not short of macroeconomic worries, but one that he can’t quite get on board with is the worry that another U.S. recession is near. “Listen, I’m worried about many things: I don’t want another government shutdown, a dramatic increase in tariffs, the super-strong dollar that hurts our exports,” he said Monday
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, estimates it will spend more than $20 million this year in building Bakkt, its bitcoin futures trading and custody platform. In an earnings call for Q4, 2018, on Feb. 7, Scott Hill, ICE’s chief financial officer, said the firm’s investment in Bakkt will
In 2018, ICOs raised over $7.8 billion USD—up $1.6 billion from the year 2017. Most of these 2018 funds were raised in the first three months of the year. Cryptocurrencies have been on the decline ever since. Yesterday, the Securities and Exchange Commission (SEC) released their new guide to ICOs. This new SEC ICO guide
Check out the companies making headlines after the bell: Shares of Gilead dropped as much as 5 percent after hours after the biotech company released disappointing test results from one of its chronic liver disease drugs. The company said it was “disappointed” the study did not achieve its goal but they “remain committed to advancing
Amazon has shown that it is “antithetical” to New York values, and the company should not be allowed to build its second headquarters in Queens until it changes its ways, City Councilman Jimmy Van Bramer told CNBC on Monday. Bramer, deputy leader of the 51-member council, said one reason he is against the HQ2 deal
This Cafe Integrated cooktop from GE Appliances has app-based technology that will provide guided cooking and temperature control. The stove comes with a smart stainless steel skillet that communicates with the app and the burner. This product will be available for order in October.Photo courtesy of GE Appliances With only an electric stove option at my current
View Bitcoin gained 7.8 percent on Friday, confirming a falling wedge breakout on the daily chart. The bearish-to-bullish trend change was backed by a jump in trading volumes to levels last seen in mid-November. Prices could soon cross the 50-day moving average resistance at $3,642 and test resistance levels lined up at $3,800 and $4,000
Issuers are seeking clarity around new bond disclosure regulations outlined in an amendment to the Securities and Exchange Commission’s Rule 15c2-12 as the Feb. 27 deadline approaches. The Council of Development Finance Agencies and PFM hosted a webinar Thursday to shed more light on the requirements. “The big question is how will underwriters perform their
As bond yields fall on global growth fears, Wells Fargo is making some changes. This month, the firm cut both its year-end Federal Reserve interest rate hike forecast and bond yield targets. However, the firm’s global head of interest rate strategy said the decision has little to do with an economic slowdown abroad. “It boils
Voyager, a cryptocurrency brokerage startup founded by veterans of Uber and E*Trade, is going public on Canada’s TSX Venture Exchange through a reverse merger valued at $60 million. A reverse merger occurs when a privately held company acquires the majority of shares in a publicly traded one and the two firms are combined. In this
US crypto traders are among the most active investors across all major cryptocurrency exchanges. This data came from the data analytics firm DataLight. Crypto traders from the US are the most active across the majority of the exchanges except for @bitfinex, which also has the most even geographical distribution of traders. pic.twitter.com/haxoUP6N57 — DataLight (@DataLightMe)
Check out the companies making headlines midday Friday: Skechers — The shoemaker’s stock jumped 18 percent after the company gave strong profit guidance for the quarter ahead. Skechers reported 2018 was “a year of record sales,” with the fourth quarter breaking above $1 billion in sales for the first time. Goodyear Tire — Shares of
An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed, but had sold in 2012 for $47 million. At the time, that marked
A new study by realtor.com finds that the vast majority of Generation Z values homeownership and sees it as a life goal. VHT Studios/Baird & Warner A large number of the Generation Z population might live with their parents now, but that doesn’t mean they don’t want to eventually own a home. Nearly 80% of the
New York Mayor Bill de Blasio warned about several variables as he released his $92.2 billion preliminary budget for fiscal 2020. De Blasio, in his sixth budget presentation, cited a possible second federal government shutdown, an uncertain national economy and $600 million worth of cuts and cost shifts the state government has proposed for FY20.
Technology investor Paul Meeks is no longer avoiding the group that made him famous on Wall Street. Meeks, who ran the world’s biggest tech fund for Merrill Lynch in the late 1990s and early 2000s, expects the tech-heavy Nasdaq to end the year at least 10 percent higher. “I’m starting to creep out of the
South Korean-headquartered cryptocurrency exchange Bithumb has launched a global over-the-counter (OTC) trading desk for digital assets. Announcing the news on Thursday, the firm said that the new Hong Kong-based venture – Ortus – is a “block deal, matchmaking service” for institutional clients. In an OTC deal, two parties trade directly with each other, unlike on
With little apparent progress in U.S.-China trade talks, the Trump administration could be about to open up a new front in the trade wars by taking on the European auto industry — and that could spook markets. U.S. negotiators head to China next week, and while there are few signs any kind of deal is
Around one-third of Americans use Amazon.com to buy just about everything. The company holds around 90 million US-based Prime members and the average subscriber spends around $1,000 annually on the site. The wide assortment of products at low prices has helped make Amazon one of the most valuable companies in the world. Except, its frequent
Underground swimming pool in the bomb shelter houseRealtor.com The famous Las Vegas Underground House has been making news for years as one of the most bizarre properties in the world. Located 2 miles east of the center of the Las Vegas Strip, this outrageous 14,620 sq ft concrete & steel doomsday bunker was created to survive a nuclear
When 55places.com, an online resource for active adult communities in the U.S., identified the most affordable places to retire in 2019, one sun-drenched state — Florida — stood out by landing four of the top five spots, if not the No. 1 perch itself, which goes to the most populous city in a much chillier
In the week ended Feb. 7, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 4.09% from 4.11% last week. The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields increased one basis point to 4.23% from 4.22% in the
Amazon CEO Jeff Bezos’ high-profile run-in with the publisher of the National Enquirer over a series of salacious photos seems to have rattled investors, CNBC’s Jim Cramer included. “It’s the last thing I want linger on,” the “Mad Money” host said on Friday. “But I’ve got to say I was surprised that the CEO of
Creditors of the failed cryptocurrency exchange QuadrigaCX are bracing for a fight – among themselves. Customers who had fiat currency balances at the exchange before it went offline and sought protection from creditors in a Canadian court last week are beginning to argue they should be paid back first from recovered assets. But they expect customers
The earnings deluge continues and inflation reports are due, but it will be the tone of trade talks in Beijing that could have the biggest impact on markets in the week ahead. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin head to China, as the U.S. and Chinese still appear to be far
A new Bitcoin (BTC) scam website has emerged. Back in 2017, when the cryptocurrency market hit mainstream news, scam sites began blowing up. Since everyone was so desperate to get their hands on digital currency or invest in a project that could give them 10X the return, the scammers often won. Now, cryptocurrency investors are