More consumers now see the door to homeownership slowly squeaking open, but they still think it’s pretty pricey. The share of Americans who say it is a good time to buy a home increased four percentage points to 15 percent in January compared with December, according to a monthly survey from Fannie Mae. The share
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The famed model sold the historic mansion for more than $17 million.Out East It only took nearly a decade, but Christie Brinkley has sold her historic Sag Harbor mansion. And though the price tag was lowered $8 million over the years, it still reportedly sold for more than $17 million, so it’s safe to assume the
View The immediate outlook on bitcoin will remain bearish while prices are held below the 6-hour chart 50-candle moving average, currently at $3,471. Litecoin’s BTC-denominated exchange rate (LTC/BTC) clocked seven-month highs earlier today. A close above 0.010182 would confirm an inverse head-and-shoulders breakout and open up upside toward 0.013. The rally, however, may not happen
South Carolina lawmakers will dig deeper into selling state-owned Santee Cooper after receiving a report indicating high interest from companies willing to lower electricity rates and take out the public utility’s $8 billion in debt. The Public Service Authority Evaluation and Recommendation Committee decided Wednesday that the consulting firm ICF should prepare a new proposal
CNBC’s Jim Cramer would buy shares of Cisco on Friday if stocks continue their sell-off, he told a caller on Thursday. “If you asked me which stock to buy if we have another sell-off tomorrow, I am going to say Cisco, because you know I’m trying to make that my biggest position because you’re a
ErisX, a digital assets trading platform, has recruited three top-level officers from major companies in the financial and tech industries. Announced today, Robert Thrash joined the company as chief operating officer from Barclays, where he spent more than 11 years in various leadership positions. Most recently, he was the global bank’s managing director of agency derivatives
Check out the companies making headlines after the bell: Shares of Skechers surged more than 16 percent in extended trading after the company released fourth-quarter results that beat on its bottom line. The shoe company posted earnings of 31 cents per share, 8 cents more than consensus estimates of 23 cents per share. Despite higher-than-expected
Ripple has added 11 new universities to its University Blockchain Research Initiative (UBRI). With a strong emphasis on developing the upcoming generation of developers, the UBRI is designed to develop blockchain-focused academia and research. Ripple is extending its footprint globally by adding 11 new universities to its program. 11 New Universities to UBRI The UBRI launched
Photo Taken In New York City, United States photo credit: GettyGetty A new law went into effect last month that seeks to hold landlords more accountable for asthma-inducing housing violations, like mice, rats, mold and more. Though the jury is still out on whether the Asthma-Free Housing Act will have an impact on the rising
Sears was granted a new lifeline on Thursday as its sale to Chairman Eddie Lampert, through an affiliate of his hedge fund ESL Investments, was approved by Judge Robert Drain. The approval guarantees that Sears will live on at least until Friday, when Lampert’s $5.2 billion deal to buy the company is expected to close.
View Bitcoin suffered its lowest UTC close in over seven weeks on Wednesday, reinforcing the bearish view put forward by the rejection at the 50-candle moving average (MA) on the 6-hour chart yesterday. The close at multi-week lows also dashed hopes of a falling wedge breakout. The cryptocurrency also created a bearish outside reversal candle
Improved fund balance levels combined with tax base growth from economic development projects boosted the credit rating of Newark, New Jersey. Moody’s Investors Service upgraded Newark to Baa2 from Baa3 Monday, with a positive outlook, ahead of a $51.1 million general obligation bond competitive sale slated for Feb. 14. Moody’s had revised the city’s outlook
Bill Gross’ track record as a bond fund manager has been roundly — and unfairly — criticized. Gross earlier this week announced his retirement from mutual-fund management. It’s no secret that Gross’ investment performance, while phenomenal up until 2014, thereafter took a dramatic turn for the worse and over the past four-plus years has been
After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” “Their equipment might be more expensive
QuadrigaCX, the Canadian cryptocurrency exchange, made headlines world last week when it announced it was filing for creditor protection and owed upwards of $130 million or more to its customers. The long-suffering exchange has had banking issues for more than a year, and customers complained they could not easily withdraw fiat or crypto over the
Rising costs and lower prices are beginning to eat into profit margins. Analysts and strategists are puzzling over an unusual development: 2019 earnings estimates are dropping fast — they are down to a measly 0.5 percent for the first quarter, but revenue estimates are barely changed at 5.6 percent. The likely explanation: a combination of
Web browser Opera announced earlier today that Android users can now buy Ethereum (ETH) directly from its browser wallet. For reference, ETH is currently selling for $104.75 USD per coin according to CoinMarketCap. Buying Ethereum on Opera To make Ethereum transactions possible in this manner, Opera has partnered with regulated crypto brokerage Safello to provide
Check out the companies making headlines after the bell: Shares of Chipotle rose as much as 10 percent in extended trading Wednesday after the company reported earnings that beat Wall Street’s expectations. The restaurant chain earned $1.72 per share on revenue of $1.23 billion, versus $1.37 on revenue of $1.19 billion, according to a survey
Actor Stephen Dorff’s Malibu beach house is listed for nearly $8 million.Noel Kleinman courtesy of Compass If you had to pick actor Stephen Dorff out of a lineup, good luck. But you can pick up his beach house on Malibu’s La Costa Beach for a cool $7.98 million. Good luck there too. Stephen Dorff co-stars
As if tensions weren’t running high enough in Washington, D.C., Congress has another battle on its hands: renewing a package of breaks for the 2018 tax year. Say hello to the “tax extenders,” a series of temporary provisions in the code that have expired and must be reauthorized by elected officials retroactively each year in
View Bitcoin continues to chart bearish lower highs along the 50-candle moving average on the 6-hour chart. The immediate bias remains bearish while the cryptocurrency is held below that average line, currently at $3,450. Recent history shows bull failures at the 6-hour 50-candle moving average are often followed by a drop below the recent low.
Oklahoma Gov. Kevin Stitt urged lawmakers to boost the Sooner State’s rainy day fund to $1 billion to avoid the kind of revenue shortfalls that came after the 2014 collapse in oil prices. That crisis was worsened by income tax cuts that further curtailed revenue. Since then, former Gov. Mary Fallin and Republican legislators have
CNBC’s Jim Cramer has concluded that running a profitable, growing business in this market is kind of like walking a tightrope, with value investors who want to see cost-cutting on one side and growth investors who want to see spending on the other. “Keeping both groups happy is a real high-wire act — in all
Phil Potter, previously an executive at Bitfinex and Tether, and crypto finance firm XBTO are launching what they describe as a clearinghouse for stablecoins. Still in development, the platform – called Stablehouse.io – is aimed to addresses patchy liquidity, stability and accessibility that currently “prevent the stablecoin market from reaching critical mass,” according to an announcement. Stablehouse will
Check out the companies making headlines after the bell: Shares of Snap soared as much as 21 percent Tuesday following their fourth-quarter earnings beat. The tech company earned $390 million in revenue, beating the expected $378 million.The company posted losses per share of 4 cents, smaller than the expected loss of 7 cents. Global Daily
According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed,
Home prices rose 4.7 percent in December, according to CoreLogic. That is the smallest annual gain since August 2012. Prices are still rising because of the shortage of homes for sale, especially on the lower end of the market. But rising mortgage rates took their toll on affordability last year, causing sales to slow. Prices
Share to facebook Share to twitter Share to linkedin Three Ways To Build A Super Bowl Winning Sales TeamAlex Abaunza On Sunday night I watched my favorite football team win their sixth Super Bowl game. It’s no secret that I am a huge Patriots fan. Watching a game with Emilia and our friends (and a big
View Bitcoin’s daily price range has dropped to levels last seen in the weeks leading up to the sell-off witnessed mid-November. The latest bout of consolidation, however, looks more likely to end with a move to the higher side, as the cryptocurrency has created a falling wedge on the daily chart. Further, signs of bearish
Puerto Rico bankruptcy Judge Laura Taylor Swain rejected a request to create a committee to represent Puerto Rico general obligation bondholders after a GO bondholder asked her to do so. However, Swain pointed out that the bondholder could seek the committee by petitioning the United States Trustee. The U.S. Trustee is part of the U.S.