The good news on 2019 earnings is that a lot of bad news is already priced into the market, as seen by the very modest drop of 1.5 percent in Samsung shares on Tuesday after terrible guidance. The flip side is a lot of damage has already been done, and other companies will be similarly
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Check out the companies making headlines before the bell: Apple — Nikkei reported that Apple is cutting iPhone production by 10 percent between January and March. This would be the second time in two months that Apple trims iPhone production plans, according to the report. Facebook — CEO Mark Zuckerberg said he will host a
The 8th largest coin by market cap, TRON is running away with the gains today. According to coinmarketcap.com, TRX is up over 12% on the day, selling for just under $0.03 USD. The reason for its bull run is a somewhat tongue-in-cheek new hiring. The blockchain platform has hired a former US Securities and Exchange Commission
The ratio of long-to-short positions placed on bitcoin (BTC) has reached its highest level in over five months on cryptocurrency exchange Bitfinex. At press time, the BTC long positions placed on the exchange total 33,750 units, worth $137.3 million at current market prices, whereas the number of short positions is roughly 11,000 units less at
The concrete estate can withstand hurricane winds up to 180 mph.Douglas Elliman Real Estate Writing this was like pulling teeth. You’ll soon see why. If anyone could afford to bite off more than he can chew, it’s dental mogul David Willens (sorry, couldn’t resist). The founder and chairman of Sage Dental (a chain of affordable
Michael Thallheimer was looking forward to hosting Christmas Day at his new three-bedroom house in Rio Dell, California. Then the government shutdown hit on Dec. 22, putting his USDA loan on hold. The government’s mortgage program for low- and middle-income Americans in rural areas is currently not issuing any new funds in the meantime. Thallheimer
With the bitcoin market showing signs of indecision, prices could soon retreat back below $4,000. The world’s largest cryptocurrency by market capitalization witnessed two-way business yesterday before ending largely unchanged on the day (as per UTC) at $3,995 on Bitstamp. Worryingly for the bulls, BTC created a doji candle on Tuesday – widely considered a
WASHINGTON — The partial shutdown of the federal government has halted Internal Revenue Service tax-exempt bond audits and negotiations under the Voluntary Compliance Agreement Program. It’s also unclear if monthly federal subsidy payments on Build America Bonds will be made. IRS officials who might answer that question have been furloughed. Rep. Richard Neal, D-Mass., chairs
In its last fiscal year, Apple generated $100 billion in revenue that was not tied to what has long been considered its flagship product, the iPhone, CEO Tim Cook told CNBC on Tuesday in a wide-ranging interview with Jim Cramer. “In this last quarter, if you take everything outside of iPhone, it grew at 19
The market action on Tuesday is telling us that an awful lot of bad news has been priced into the market. And it just keeps coming. Stocks are up in Europe and the U.S….on bad news. The big worry now is earnings. Overnight, Samsung said fourth quarter operating profit would decline 29 percent, to 10.8
Check out the companies making headlines before the bell: Union Pacific — Shares of the freight-hauling railroad rose more than 7.5 percent in premarket trading after it hired a new chief operating officer. The Omaha, Nebraska-based railroad said Monday that it hired longtime Canadian National railroad executive Jim Vena as COO. Vena will take the
If you were excited about Friday’s news about Monero (XMR) being accepted on the Retail Row store, well, sorry to break the bad news, but according to CEO of Epic Games, Tim Sweeney, it was all a “mistake.” Oops, but also… how? Monero Mistake Over the weekend, the CEO of Epic Games—the creators of 2018’s biggest game,
Past performance is no guarantee of future results, but when history repeats it can be difficult to ignore the potential implications. Such is the case with price chart of ether, the ethereum network’s native cryptocurrency. Since Sept. 2018, the price chart of the world’s second largest cryptocurrency has mimicked the market structure of bitcoin’s bear
Reluctance to tiny homes shows Americans’ commitment to bigger is better.CustomMade In so many major markets across the country, leaders have their heads down, penciling solutions to the lack of affordable housing. They are changing zoning regulations and removing other hurdles that are making it difficult for developers to feasibly provide adequate, affordable housing for
As the government shutdown drags into its 17th day, banks and credit unions are offering accommodations to federal workers who’ve seen their paychecks stop. Some 420,000 employees are considered “essential,” and are working without pay, while another 380,000 have been ordered to stay home, according to calculations provided to CNBC by Paul Light, a professor
Charlie Lee is at it again. The Litecoin founder isn’t shy when it comes to voicing his opinion on crypto via Twitter and yesterday was no different. It seems this time, he’s targeting Bitcoin maximalists. Charlie Lee vs. Bitcoin Maximalists It all started with a poll. Some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists. They
Bitcoin’s (BTC) minor pullback from two-week highs could end up fueling a breakout above the key hurdle of $4,140. The world’s largest cryptocurrency by market value jumped to $4,090 at 17:15 UTC on Sunday – the highest level since Dec. 24 – validating the short-term bullish reversal confirmed on Dec. 20. Even so, the positive momentum
Morgan Stanley has hired veteran muni market practitioner Tom Weyl as an executive director of credit analysis within the municipal capital solutions group. “We are excited to have Tom on board and are looking forward to the continued expansion of our credit expertise across the Morgan Stanley Municipal franchise,” said Alexander Chilton, head of municipal
Patient investors might want to consider buying shares of Micron Technology as things slowly turn positive for the chipmaker, CNBC’s Jim Cramer said Monday as Micron’s stock pulled the semicondcutor cohort higher. Shares of Micron mounted a long-awaited recovery in Monday’s turbulent trading session after BMO Capital Markets analysts upgraded the stock to “buy” from
I’ve been away visiting my father in Florida for a few days, but it’s remarkable how much sentiment has changed. I look at the major “worries” and I see big progress, particularly on the two biggest problems for the market: the Fed and China trade. 1) Fed and rates: Chairman Jerome Powell provided much greater
The trade war may be hurting China more than the U.S., but by spring, China could be looking up as the U.S. slows, particularly if the friction continues, economists said. According to Bank of America Merrill Lynch economists, the China slowdown could start to reverse in the next couple of months, due to large amounts
Today, we’re taking a closer look at EOS and Ethereum (ETH). The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a
Angus Champion de Crespigny is an advisor to blockchain projects and a former EY blockchain lead. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Amongst many others, the bitcoin community for the past few years has been working with two particularly important ideas related to the asset’s future. One is the narrative
This coming year, most real estate investors will want to stay away from the cities with soaring prices, where they’re more likely to end up holding the bag than to strike it rich. You can never know when a real estate bubble will burst – I happen to think it won’t happen in 2019 –
More Americans think it is a bad time to buy a home, as fewer potential buyers can afford what is on the market. The share of Americans who think it is a good time to buy a home just dropped sharply, according to a December survey from mortgage giant Fannie Mae. Higher mortgage rates and
Bitcoin’s (BTC) bears would be put on the back foot if prices climb past key resistance lined up at $4,140. The leading cryptocurrency jumped to a two-week high of $4,090 earlier today, as expected, ending a weeklong period of low volume consolidation near $3,800. Notably, the break above $4,000 has added further credence to the
U.S. employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market that nevertheless faces mounting risks in 2019. Non-farm payrolls increased by 312,000 in December, easily topping all forecasts, after an upwardly revised 176,000 gain the prior month, a Labor Department report showed Friday.
Blackstone is telling investors not to give up on 2019, and perhaps they’re starting to listen. Its investment strategist, Joseph Zidle, is optimistic stocks will rebound this year, blaming the market’s wild swings on misguided, negative sentiment. “This is a buying opportunity. We see the market, the S&P 500, up 15 percent in 2019,” he
December’sstronger-than-expected jobs report shows the labor market remains solid, but does not alleviate fears that the economy is slowing down as the new year begins. The economy added 312,000 jobs in December, far more than the 177,000 that were expected and the largest increase in payrolls since February, 2018. The unemployment rate rose to 3.9
Bitcoin price is currently down 2% on the day and selling for $3,792. Today’s action is reminiscent of previous days in the week where the coin has dropped a few percents but then gained a few more and vice versa. Bitcoin Price Disappointingly, the coin has failed to break back above the $4,000 mark that it