The cryptocurrency space may have been having a great time this year so far as Bitcoin started on one of its strongest bull runs since 2017 and other crypto tokens gained as well. However, it needs to be kept in mind that there are a lot of things that can disrupt the crypto space and
View Bitcoin could fall to the July 2 low of $9,614 and may break lower in the short-term, as the widely tracked MACD (moving average convergence divergence) histogram on the three-day chart has turned bearish for the first time since December. Buyer exhaustion above $12,000, as seen on the weekly chart, also supports the case
Ridgway, Colorado, Cowboys on Cattle Drive Gather Angus Hereford cross cows and calves of Double Shoe Cattle Company, Centennial Ranch, San Juan Mountains. (Photo by: Visions of America/Universal Images Group via Getty Images) Universal Images Group via Getty Images A Wall Street Journal editorial of July 10th lays out what the House Democrats’ most recent
Workers install roof trusses on a home under construction in Vineyard, Utah, U.S., on Tuesday, March 12, 2019. George Frey | Bloomberg | Getty Images The nation’s homebuilders should be ecstatic, given the supply of existing homes for sales and falling mortgage rates. Instead, they continue to be just cautiously optimistic, due to several roadblocks
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is years into transitioning from the bank of choice for millionaires to a more inclusive, consumer friendly brand. But the turnaround isn’t cheap. The New
As Wisconsin prepares to sell $223 million of general obligation paper Tuesday, the finance team is highlighting an improved outlook from one rating agency and a bulked up rainy day fund fund to counter any frowns on the budget’s draw down of reserves. Kroll Bond Rating Agency revised the outlook on the state’s AA-plus rating
Wall Street analysts say it is increasingly possible the Trump administration will try using a stronger weapon in the currency wars than just presidential tweets and rhetoric about unfair foreign central banks and currency manipulation. Analysts now say there is a chance, albeit slim, that the Trump administration could ‘intervene’ to weaken the dollar, which
In a rather haughty Tweet posted earlier today, American crypto enthusiast John McAfee wrote that he was “laughing his f—— ass off” at the concern over Bitcoin’s falling price this week. The entrepreneur went even further and reiterated his prediction that Bitcoin would reach $1 million by 2020. What has him so bullish? John McAfee
After announcing a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it’s discovered that another $2.3 million is missing. A report from Japan Today on Monday said the extra losses were discovered at exchanges outside Japan that were using Bitpoint’s trading system and announced Sunday. The firm announced Friday that it had suffered a security
Casteel Creek Retreat borders 1.5 miles of national forest. Scott Cramer/LIV Sotheby’s International Realty About a half-hour drive from Colorado’s Eagle County Regional Airport is a 439-acre retreat nestled in a forested site between the town of Edwards, Beaver Creek Ski Resort and the prestigious Vail Mountain Club. Getting there can be half the fun
Larry Culp, CEO, General Electric Scott Mlyn | CNBC Here are the biggest calls on Wall Street on Monday: UBS downgraded GE to ‘neutral’ from ‘buy’ UBS downgraded the stock citing valuation, a decline in interest rates, and ongoing power market weakness. “We are downgrading GE to Neutral, as a notable decline in interest rates and
CHICAGO — The judge overseeing Preston Hollow Capital LLC’s lawsuit accusing Nuveen Investments of bullying banks to boycott the private lender dropped a defamation claim against the investment behemoth. Delaware Chancery Court Vice Chancellor Sam Glasscock III’s ruling during a hearing Thursday follows his May decision to drop one count of tortious interference with a
Check out the companies making headlines in the premarket: Illumina — Shares of the biotechnology company dropped 15% after Illumina reported preliminary revenue figures that disappointed investors. The company sees second-quarter sales coming in around $835 million. Analysts polled by Refinitiv expected revenue of $887.9 million. Zoom Video Communications, Slack Technologies — Zoom and Slack
Stellar (XLM) is outperforming the broader crypto market on the technical rebound. The world of cryptocurrencies can often prove to be a bit of wild ride sometimes, and it is especially so after the sort of week that has been unleashed on the crypto sphere. Many of the top cryptocurrencies declined yesterday after the comments
Binance has just cut the time needed to make withdrawals and deposits in two top cryptocurrencies. The crypto exchange announced Tuesday that it’s adjusted its systems so that the number of block confirmations – in effect, how long before a transaction is considered confirmed as complete and can be executed – has been halved for bitcoin
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An employee rings up a customer’s merchandise at The Container Store in Chicago, Illinois. Scott Olson | Getty Images There’s a group of stocks that tend to rise or fall dramatically following their earnings report. Bespoke Investment Group analyzed the most volatile names on earnings, looking at companies that have been publicly traded for at
The Federal Emergency Management Agency drew fire in the U.S. house of Representatives over the slow pace of aid for Puerto Rico and the U.S. Virgin Islands in the aftermath of the 2017 hurricanes. Members of the Subcommittee on Emergency Preparedness, Response and Recovery on Thursday lambasted FEMA for failing to send a representative to
Check out the companies making headlines in midday trading: Johnson & Johnson — Shares of the pharmaceutical and consumer goods company fell 4% after Bloomberg News reported that the U.S. Justice Department is launching a criminal investigation into whether or not the company lied to the public about potential cancer risks in its talcum baby
Ripple (XRP) has been very volatile since the beginning of this week. After showing positive price movement on Monday, Ripple has been correcting since Tuesday and has slumped 20% since then. At the time of writing, XRP is trading lower by 5% at $0.3310. Key Supports & Resistances If the digital asset maintains the declining
Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency. “We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday. Tyler added that in their view, Libra is a harbinger of cryptos to come:
There is no time like the present to prepare your home for a natural disaster. AFP/Getty Images As Tropical Storm Barry closes in on the Gulf Coast, possibly as a hurricane, the window of opportunity is shrinking for residents who don’t have a comprehensive disaster preparedness plan in place. In fact, a survey in June
The Wallich Residence is located within the Tanjong Pagar Centre (second from right), Singapore’s tallest building. Everett Rosenfeld | CNBC British technology firm founder James Dyson and his wife have bought a luxury penthouse in Singapore for a record 73.8 million Singapore dollars ($54.2 million), according to The Business Times newspaper on Wednesday. The privately
The stock market has been hitting all kinds of records this week, and Wharton School professor Jeremy Siegel told CNBC on Friday that he does not see that stopping anytime soon. “I think fair market value does give us another 5% or 6% this year” on the S&P 500 with the Federal Reserve signalling interest
The cryptocurrency space may have been having a great time this year so far as Bitcoin started on one of its strongest bull runs since 2017 and other crypto tokens gained as well. However, it needs to be kept in mind that there are a lot of things that can disrupt the crypto space and
The municipal bond market will continue to see a swarm of mid-sized deals that will be taken down with ease, continuing the good times that have been fueled by 27 straight weeks of fund inflows. The muni market is estimated to see 16 deals scheduled in the $100 million or larger size, with the expectation
U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters Citigroup kicks off earnings season on Monday. Traders enter with a singular focus on company guidance. Bears believe second-half guidance will be cautious and lower than expected
Stocks could struggle if the earnings message from corporate America focuses on the murky outlook for the economy and negative impacts from the trade wars, when companies start reporting second quarter profits in the week ahead. Earnings season is seen as the next big risk for a stock market that has soared to record highs
A Tokyo-based cryptocurrency exchange called Bitpoint has suspended operations after it lost $32 million to a hacking last night. The company that runs the exchange, Remixpoint, discovered that ¥3.5 billion worth of various digital currencies had disappeared under its management. Bitpoint Hacked and Suspends Operations According to the exchange, the funds went missing from a
The top crypto exchange by trading volume, Binance, has launched version 2.0 of its platform – a move that officially adds margin trading for its customers. The firm revealed that margin trading was on the way in late May, and said that the service would feature up to 20x leverage soon after. In an announcement