A partial government shutdown looks probable as President Donald Trump digs in his heels on his demand to fund a border wall. Congress has until midnight Friday to either pass spending bills for seven federal agencies, or approve a stopgap spending measure that would push off a potential shutdown. If those efforts fail, the closure
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Developer Replay Destinations has announced the launch of a world-class Caribbean resort called Half Moon Bay Antigua.Half Moon Bay Antigua One world-class Caribbean setting is going to become even more unrivaled starting in summer 2019. That’s when Half Moon Bay Antigua, a low-density, 132-acre resort, is slated to begin construction in Antigua, the favorite vacation
Bitcoin (BTC) is looking increasingly bullish on a key technical chart following a strong move above $4,000. The leading cryptocurrency by market value first teased bullish reversal on Dec. 17 with the creation of an “outside reversal” candle on the widely followed 3-day chart. The early indicator of a bearish-to-bullish trend change, however, needed confirmation
You might expect a 70-year-old mutual fund with $74 billion in assets to be set in its ways. But the Franklin Income Fund’s holdings have gone through big changes in recent years. Ed Perks, the fund’s lead manager, described those shifts as well as the uncertain investing landscape of 2018 and what he sees ahead.
Manufacturers report expansion “continued to grow but remained subdued” in December, and the Federal Reserve Bank of Philadelphia Report on Business respondents showed price indexes were positive, but again lower than earlier this year. The general business conditions index decreased to 9.4 from 12.9. Economists surveyed by IFR Markets predicted a reading of 15.0 for
It may feel like the stock market is collapsing, but investors would be better served to “sit tight” and wait for a bounce rather than selling stocks at their lows, CNBC’s Jim Cramer said Thursday after a brutal day for the major averages. “Here’s the problem: we had a lot of companies report and they
Check out the companies making headlines before the bell: Walgreens Boots Alliance – Walgreens earned an adjusted $1.46 per share for its latest quarter, 3 cents a share above estimates. Revenue also came in above analysts’ forecasts and the company announced plans to cut $1 billion in costs. Separately, Walgreens announced a strategic partnership with
Crypto donations are not new. They weren’t in 2017, the year of the crypto boom, nor are they in 2018. But each time they happen, whether it’s donations in cryptocurrencies or fiat currencies, it’s proof that not everyone in the crypto space is there for only themselves. Vitalik Buterin (age 24), the creator of Ethereum,
Bitcoin’s (BTC) relief rally gathered pace on Thursday, pushing prices to two-week highs above the psychological hurdle of $4,000. The cryptocurrency rose to a high of $4,017 at 08:35 UTC – a level last seen on Dec. 5 – according to CoinDesk’s Bitcoin Price Index (BPI). Its market capitalization also hit a two-week high of
Dustin DeVan and BuildingConnected are joining Autodesk for $275 million.Gary Sexton Autodesk’s construction software business is getting its second acquisition-fueled jolt of the past few weeks. The company announced on Thursday that it is acquiring startup BuildingConnected for $275 million. The acquisition of BuildingConnected comes exactly one month after Autodesk announced plans to acquire PlanGrid,
The new Bravo limited-run TV series “Dirty John” is based on the popular true crime podcast of the same name about a real-life California woman who falls in love with a violent alleged con man. With no visible means of support or home of his own, John Meehan (played by Eric Bana) still manages to
Despite Bitcoin’s intense price drop in recent months, some still believe it is going to turn it around next year. And there’s nothing to say it definitely won’t; in the last three days, Bitcoin has packed on 18% in gains. Sudden Gains The world’s largest cryptocurrency by market cap jumped from $3,181 to $3,776 in under
Bitcoin’s ongoing recovery rally faces a major obstacle that could impede progress towards $5,000, according to the technical charts. The leading cryptocurrency by market capitalization jumped to a two-week high of $4,108 earlier today, validating the short-term bearish-to-bullish trend change confirmed earlier this week. Notably, the break above the psychological hurdle of $4,000 looks sustainable, as 24-hour
The U.S. current account deficit widened to $124.8 billion in the third quarter from a revised $101.2 billion gap in the previous quarter, data released Wednesday by the Commerce Department showed. The goods and services gap was the primary driver of the larger current account gap, widening to $158.7 billion in the third quarter from
In some cases, buying shares of companies facing lawsuits can pay off if you’re patient and willing to withstand headline risk, CNBC’s Jim Cramer said Wednesday. Right now, there are five high-profile situations “where lawsuits are or could be front and center” for stocks, Cramer said: the Qualcomm-Apple dispute, the lawsuits facing Johnson & Johnson
It’s official: This is an all-time record year for corporate stock buybacks. Announced buybacks for 2018 are now at $1.1 trillion. And companies are using their authorizations. About $800 billion of stock has already been bought back, leaving about $300 billion yet to be purchased. We’ve seen buyback announcements recently from Lowe’s, Pfizer, and Facebook,
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp. Lululemon Athletica LULU, -5.60% is projected to report first-quarter earnings of 32 cents a share, according to a consensus survey by FactSet. “We believe, given the stock’s performance
Check out the companies making headlines before the bell: General Mills – The food company earned an adjusted 85 cents per share for its latest quarter, 4 cents a share above estimates. Revenue was short of forecasts, however, and organic sales were down 1 percent. Overall sales were up by 5 percent from a year
According to Bloomberg, cryptocurrency stablecoin Tether (USDT) has enough fiat dollars to back its tokens in circulation. No doubt, many readers will scorn that this is just another rumor as Tether is synonymous with controversy. What’s going on? Tether has Fiat Dollars The original stablecoin has faced a myriad of controversy since the middle of this
Coinbase users can begin trading cryptocurrencies directly with other cryptocurrencies, the exchange startup said Monday. The company is adding support for crypto-to-crypto trading for its retail customers, adding a feature that has long been available to professional cryptocurrency trading services, said product manager Anna Marie Clifton. Users on Coinbase.com, as well as the Android and
Even with mortgage rates at the lowest level in three months, homebuyers are pulling away from the housing market. Mortgage application volume fell 5.8 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 17 percent lower than a year ago. Purchase volume drove the decline, falling
GettyGetty Loneliness is something most people need to cope with at some point, but it can hit harder when you see it affecting someone you love. When my mother moved to a Manhattan apartment, she was achieving a lifelong dream to live in the heart of a vibrant city. But what I saw was someone
As we wrap up 2018, crypto players are starting to publicly come out with their Bitcoin price forecasts for the new year. Some are bearish, using the fact that BTC was nearing $20 thousand this time last year. Others, however, continue to be bullish. Spencer Bogart of Bitcoin Capital is one of the latter. Spencer
Bitcoin’s (BTC) price crossed key resistance yesterday, boosting the prospects of a stronger rally above $4,000. The leading cryptocurrency by market value broke out of a bearish descending pattern and closed above key resistance at $3,633 yesterday. That came after picking up a strong bid on the anniversary of its 2017 all-time price high on
David Einhorn, president of Greenlight Capital Inc., speaks. Photographer: Michael Nagle/Bloomberg Famed hedge fund investor David Einhorn is having a brutal year. He’s down over 18% in 2018, posting one of the worst performances in the entire hedge fund industry. Surprisingly, it could have been worse for Einhorn. Despite his losses, Einhorn actually dodged a big bullet in
Fees and expenses are no longer one of the most important factors to consider when choosing an index fund. I thought I would never say that. But I also never thought that any index fund would reduce its expense ratio to zero. Yet that is exactly what Fidelity recently did with two index fund offerings
CHICAGO — The Illinois Regional Transportation Authority heads into the New Year with a $3.1 billion operating budget, a $4.3 billion five-year capital program and improved odds that its infrastructure funding drought will end. The RTA board has signed off on the budgets for its three service boards that operate in the Chicago area: the
When it comes to the nascent U.S. economic slowdown, figuring out where to place the blame is more nuanced than it seems, CNBC’s Jim Cramer argued Tuesday. President Donald Trump’s tariffs on Chinese goods and the Federal Reserve’s interest rate policies have emerged as the leading causes, he said. But when he talks to his
Check out the companies making headlines before the bell: Darden Restaurants – The restaurant chain earned 92 cents per share for its second quarter, a penny a share above estimates. Revenue was very slightly below Street forecasts, and a same-restaurant sales increase of 2.1 percent was above the consensus forecast of a 2 percent rise.
I can’t be the only person who has a problem with the consensus on the election and the markets. The consensus view is that the Democrats will take the House and the Republicans will keep control in the Senate, and that this combination will be good for stocks because gridlock is traditionally good for stocks.