Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines in the premarket Wednesday: Tesla — Tesla shares surged more than 7% in the premarket after the company reported record delivery and production numbers. The auto maker said it delivered 95,200 vehicles in the second quarter and produced just over
Over the past year or so, TRON (TRX) has grown into one of the most promising cryptocurrencies in the world, and experts believe that it has not yet reached its full potential. In addition to that, the fact that TRON separated from Ethereum completely has also been regarded as a monumental step in the development
With the supply of new coins to be halved in less than five weeks, litecoin is outpacing its peers. The fourth-largest cryptocurrency by market capitalization is currently trading at $123, representing 5 percent gains on a seven-day basis, according to data source CoinMarketCap. Meanwhile, bitcoin, the top cryptocurrency by market value, is currently reporting a meager
Share to facebook Share to twitter Share to linkedin One of China’s richest real developers has lost $2 billion of his fortune in the past two days following word of his detention in Shanghai. Wang Zhenhua was removed as chairman of Future Land Development Holdings after he was held by a district public security bureau
Potential homebuyers exit an open house in Redondo Beach, California. Patrick T. Fallon | Bloomberg | Getty Images After several weeks of volatility, mortgage rates calmed down, and that offered little incentive for homeowners or buyers to make a move. Total mortgage application volume was essentially flat last week compared with the previous week, according
Tesla‘s better-than-expected delivery numbers may buy the electric auto maker time, but they’re not a quick fix for more fundamental issues, Roger McNamee told CNBC on Wednesday. “This quarter doesn’t solve anything, but it’s way better than what people were expecting,” said McNamee, a venture capitalist turned Silicon Valley critic. Tesla shattered Wall Street’s expectations
View Bitcoin has risen nearly $2,000 in the last 24 hours, establishing strong support at $9,600. The outlook, however, would only turn bullish once the bearish lower-highs pattern is invalidated with a move above $12,448. A breakout, if confirmed, could be followed by a rise to or above the recent high of $13,880. Bitcoin could fall
Louisiana will become the second state to securitize payments it receives to compensate for the Deepwater Horizon disaster, using the income to pay for planned-but-unfunded transportation projects. Gov. John Bel Edwards signed Act 443 on Monday, placing House Bill 578 into law and authorizing the use of the oil spill disaster funds to back $700
Ten years into the recovery, the economy’s ability to create new jobs may be slowing both because the U.S. is running out of workers, and also because the trade war may be worrying employers. Economists expect to see 165,000 jobs were added in June, after a stunningly low 75,000 payrolls added in May, according to
Over the years, blockchain has received a lot of coverage, although the concept of blockchain is often quite misunderstood. From a more technical perspective, blockchain is nothing more than a data structure which is used to track interactions between devices on a distributed network. One of the best-known examples of how blockchain technology works are
CME’s bitcoin futures product is continuing to show signs of increased popularity, with June setting a new record for open interest amid a surge of new account sign-ups. More than 2,960 accounts have traded CME Group’s bitcoin (BTC) futures across all client types and time zones since launch, according to new data from the derivatives
La Follia from above Douglas Elliman There has already been one sale topping $100 million in California this week and now there’s another one to report on the other side of the country. La Follia, a 37,500-square-foot building on Palm Beach’s Intracoastal Waterway just closed for a $105 million, according to property deeds cited by
View of homes in San Francisco from Alamo Square park. hanusst | iStock Editorial | Getty Images Why buy a house in San Francisco when you can snap up something more affordable in New York? Bay Area tech workers are showing some sensitivity to the cost of housing in the region, according to a survey
CNBC’s Jim Cramer said Wednesday that investors should be buying, not selling, Canopy Growth stock following the firing of co-CEO Bruce Linton. Linton told CNBC earlier Wednesday that he was “terminated” from the Canadian pot company that he founded six years ago. Shares of Canopy — up about 50% year-to-date — were dropping about 4% in
View Bitcoin has dropped below $10,000 for the first time in 11 days, reinforcing the buyer exhaustion signaled by the weekly chart, as discussed yesterday. The daily chart indicators have turned bearish, while the 4-hour chart is reporting a bearish lower-highs, lower-lows pattern. As a result, the price could slip further toward the former resistance-turned-support
Municipal bond investors saw little supply price into a strong market on Tuesday ahead of Wednesday’s early session close before the Fourth of July holiday. Janney: 1H was strong for munisThe first half of 2019 was good for municipal bond investors, Alan Schankel, managing director and municipal strategist at Janney, writes in a monthly market
The operator of Binance’s upcoming U.S. crypto exchange, BAM Trading Services, has hired a former Ripple executive as its CEO. BAM announced on Tuesday it had appointed Catherine Coley as CEO, who will be responsible for rolling out Binance U.S., as well as expanding the exchange’s marketplace in North America. Prior to joining the firm,
Drivers should pay about a dime less per gallon for gasoline over the Fourth of July holiday than last year, even with a major refinery outage and new taxes in about a dozen states. A record 41.4 million people are expected to travel on the nation’s roadways over the long holiday weekend, an increase of
Most individuals in the crypto space have been following the journey of the Libra coin, Facebook’s recently unveiled cryptocurrency. From month-long rumors to the company unveiling it last month to Binance reportedly entering discussions with Facebook over it, the public has long known about Libra coin. And today, July 2, there is even more news
“What the Nationwide report continues to demonstrate is two opposing forces pushing against each other; cancelling each other out to a degree.” 123rf.com Nationwide’s latest UK house price index report for June 2019 – published today and available to read here – on the surface paints a picture of a market that’s to some degree
Utah added nearly 50,000 jobs last year, spurring a housing boom in the Beehive State. George Frey | Bloomberg | Getty Images Housing is providing another in a line of troubling signs pointing to a substantial economic downturn. A Federal Reserve economist, in fact, says the current backdrop is similar to recent slumps, with several
Nouriel Roubini Jin Lee | Bloomberg | Getty Images The rivalry between the U.S. and China could be so disruptive that it’s starting to decouple the global economy and eventually causing a recession, according to Nouriel Roubini, the economist famously called the housing bubble. “The consequences of this trade and tech war and cold war
View Bitcoin could fall below $10,000 this week as a strong sign of buyer exhaustion have emerged on the weekly chart in the form of “gravestone doji” candle. A bear cross of short-term moving averages and weakening buy pressure on the daily chart also suggest scope for a drop. The case for a price retreat
The Puerto Rico Oversight Board filed a lawsuit Sunday against fuel suppliers and laboratories for the Puerto Rico Electric Power Authority, in a suit that could gain billions of dollars for the struggling electrical utility. The causes of the suit are the same as those cited in a 2015 one against PREPA, certain PREPA professionals,
Bitcoin may be back over $10,000, but the price increase is bringing with it similar market inconsistencies as seen in the cryptocurrency’s meteoric 2017 ascent. At press time, bitcoin prices in South Korea are once again trading at a notable premium to Western exchanges. The spread, popularly known as the “Kimchi Premium” after a Korean
Getty Images Check out the companies making headlines in midday trading: Chip stocks— Shares of chipmaker stocks rose broadly after President Donald Trump and Chinese President Xi Jinping agreed not to impose new tariffs on U.S. and Chinese goods and Trump said China will ease its ban on American companies selling products to Huawei. Skyworks rose 6%,
Bitcoin (BTC) is showing no signs of slowing down after an impressive start to the year. After a 250% plus rally, the flagship cryptocurrency has hit the $13,000 level, capping a 40% plus spike over the past week. Given the strength of the upward momentum, Bitcoin price could be on its way to the $14,000
Nothing says home sweet home like a deep porch with inviting chairs — the original outdoor-indoor connection Rikki Snyder 2017 Houzz No offense to whoever came up with the phrase, “The eyes are the window into the soul,” but it’s forecasts and trends that are the real windows (preferably oversized ones). Halfway through 2019 and
A couple sits with a mortgage consultant in Miami. Getty Images Mortgage rates have been on a roller coaster for the last year, but now they’re sitting at the bottom of the track, giving a major boost to the number of borrowers who can benefit from a refinance. The average rate on the 30-year fixed
Warren Buffett, chairman of Berkshire Hathaway Inc., right, and Bill Gates, chairman and co-founder of Microsoft Corp., participate in a newspaper toss event at the Berkshire Hathaway annual shareholders meeting on Saturday, May 5, 2012. Daniel Acker | Getty Images Warren Buffett said he will donate $3.6 billion worth of Berkshire Hathaway shares to five