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The rise in virtual doorman apps are making life a lot easier for those living in non-service buildings.Getty Missed package deliveries and broken entryway buzzers have been universal problems for New Yorkers who don’t have a doorman for ages. Thanks to some clever new tech ventures, however, relief is spreading throughout the Big Apple’s non-service buildings. The
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View Bitcoin’s minor recovery rally from six-week lows could be extended further to levels above $3,500 as back-to-back long-tailed daily candles are indicating a lack of conviction among sellers, despite Monday’s high-volume range breakdown. A break above the downward sloping 10-day MA of $3,511 would expose the crucial resistance of $3,658 (the high of Saturday’s
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A popular instrument used to manage exposure to volatility is going away as investors face a number of potentially market-rattling uncertainties, even if a late-2018 rout for stocks has given way to a state of more recent calm. The exchange-traded iPath S&P 500 Vix Short-Term Futures ETN, which trades under the ticker VXX US:VXX is
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WASHINGTON — Dealers who sell interests in 529 plans can avoid supervisory rule violation fines under a new Financial Industry Regulatory Authority enforcement initiative that is reminding market participants of a sweeping Securities and Exchange Commission program from years ago. FINRA launched the 529 Plan Share Class Initiative this week to encourage broker-dealers to review
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Home values increased 5.2 percent annually in November, down from 5.3 percent in October, according to the widely-watched S&P CoreLogic Case-Shiller National Home Price Index. The 10-city composite annual increase also fell to 4.3 percent, down from 4.7 percent in the previous month. The 20-city Composite saw a 4.7 percent annual gain, down from 5.0
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One of the most common assertions made against Environmental, Social and Governance (“ESG”) and other types of Responsible Investments (“RI”) is that, while it may be good for your conscience, it isn’t good for your wallet. Over the years, everyone from pension-fund gurus to high-powered billion-dollar asset managers have weighed in with the same pessimistic
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Puerto Rico Secretary of the Treasury Teresita Fuentes resigned Friday six months after assuming the post. Fuentes said her resignation was effective immediately. Teresita Fuentes, who assumed the position in August, announced her immediate resignation as Puerto Rico’s treasury secretary. Government of Puerto Rico She thanked Gov. Ricardo Rosselló for being allowed to serve in
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Check out the companies making headlines after the bell: Shares of Whirlpool fell nearly 7 percent Monday after missing on fourth-quarter revenue and giving weak full-year earnings guidance. The home appliance company posted mixed earnings with $5.66 billion in revenue, compared to the $5.76 billion estimated by Wall Street. Earnings per share were $4.75, beating
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Kik, a Canadian-based cryptocurrency social media startup, has warned the SEC that it would fight back against alleged securities infractions. As first reported by the Wall Street Journal, Kik is fighting back regarding its 2017 initial coin offering (ICO). Kik Fights Back During its ICO, the Canadian-based app company raised almost $100 million in ‘kin’
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Investors can expect to see “decent” returns on home improvement stocks despite waning consumer sentiment in housing, analyst Alvaro Lacayo told CNBC on Thursday. “If you look at the average age of the U.S. housing stock you’re talking about 40 years plus,” the vice president of equity research at G.research said on “Power Lunch.” G.research
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Stocks may be on the brink of another correction. Despite 2019’s strong start, the Economic Cycle Research Institute’s Lakshman Achuthan believes the market remains in a danger zone, because there’s evidence economic growth is still decelerating. “The elephant in the room remains the cyclical slowdown. And, as long as that slowdown is in play… the
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Mingxing “Star” Xu, the founder of cryptocurrency exchange OKCoin, has become the largest individual shareholder of a public company listed in Hong Kong via a $60 million acquisition. LEAP Holdings Group, the construction engineering firm acquired, announced the competed deal on Wednesday. OKC Holdings Corp, the parent company of OKCoin, purchased about 3.2 billion shares of the
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