J.P. Morgan Chase is expanding a previous program designed to boost job prospects for people at risk of being shut out of the economy. The bank’s new five year plan, announced Monday, includes $200 million to develop training programs for in-demand digital and technical roles, $125 million to boost collaboration between employers and the educational
Bitcoin’s user growth, as represented by active addresses, has spiked in the last eight weeks leaving the price far behind, a move that contradicts the popular belief the two tend to move in tandem. The 30 day average of active addresses on bitcoin’s blockchain, or the number of accounts that made cryptocurrency transactions at any
Check out the companies making headlines midday Friday: Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Broadcom posted earnings per share of $5.55, while analysts polled by Refnitiv expected a profit of $5.23. The company said its results were impacted by slower demand out of China,
Checking in with CoinMarketCap, it is clear to see that the majority of the crypto market is in the green. Though the gains are small, 80% of the top 10 coins by market cap are on the rise. Market leader Bitcoin price is up only 0.46% at the time of writing, selling for $3,924 USD
Share to facebook Share to twitter Share to linkedin Actors Matthew McConaughey, left, and Anne Hathaway attend a special screening of “Serenity” at the Museum of Modern Art on Wednesday, Jan. 23, 2019, in New York. (Photo by Evan Agostini/Invision/AP)Evan Agostini/Invision/AP Overlooking Central Park from high above 5th Avenue is this 7,750 square-foot apartment spread over
Maine Gov. Janet Mills is backing bonds for a state conservation initiative that her predecessor, conservative firebrand Paul LePage, delayed for the past four years. The Democratic governor is pushing legislative support on a $95 million bond package for land conservation efforts and state park improvements. The borrowing proposal would designate $75 million toward Land
For powering your smartphone or your Tesla Model 3, there’s currently nothing better than the lithium-ion battery. Since its introduction in 1991, the rechargeable lithium battery has been the standard for everyday tech devices and electric-vehicle power. Many of the world’s more than 3 million electric vehicles run on lithium-ion batteries. But as the world
Riot Blockchain is planning to launch a regulated crypto exchange in the U.S. The publicly traded U.S. company that has faced regulatory issues for a sudden pivot to blockchain, revealed in a filing with the U.S. Securities and Exchange Commission (SEC) Friday that the new entity will be called called RiotX and will develop three main
It’s the triumph of indexing: Fund managers continue to trail their benchmarks. Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. This week, S&P Dow Jones Indices released its annual report on how actively managed funds performed against their benchmarks. The conclusion
Investors who attempted to try to time the market’s lows and highs have on the long run received a worse return on their investment than those who simply remained invested. On average, investors who bought and hold, rather than tried to time the market, received an average annualized return of 7.61 percent since 1989, research
Cryptocurrency exchange Bittrex has reportedly canceled an IEO (initial exchange offering) hours before its launch. The RAID project was expected to make $6 million USD by selling its XRD token to customers on the Bittrex exchange. Canceled RAID Project Bittrex reportedly called off the token sale after it learned that the RAID project had suddenly terminated its partnership
Chicago buyers start looking in April or MayGetty Here’s the best time to list your home, according to recent research from realtor.com in the 50 largest Metros around the country. Look to the first week of April in many areas this year as the right time to list your home and take advantage of a robust
8 Hours Ago The Hudson Yards mall will appeal to low and high end consumers and aims to go beyond the traditional mall experience. Related Companies Founder and Chairman Stephen Ross, the man behind the mall, sits down with CNBC’s Andrew Ross Sorkin to discuss the ten-year journey. They also touch on the U.S. economy,
View Bitcoin’s daily trading volume remains elevated at highs above $10 billion, going against the technical theory that investor interest tends to drop during periods of consolidation. Therefore, the ongoing sideways trading near $3,900 may end with a bull breakout toward the recent high of $4,207. The recovery rally from the lows near $3,400 seen
New York Mayor Bill de Blasio’s long game for his $10 billion Lower Manhattan resilience initiative hinges on a huge variable — whether large-scale federal funding will be available. “From the perspective of the city of New York alone, this would be extraordinarily difficult to fund,” de Blasio told reporters Thursday at Metropolitan College of
Helping kids get into college is a big business — and it’s growing fast. The industry gained some unwelcome notoriety early this week when dozens of people — including actresses Felicity Huffman and Lori Loughlin — were arrested in an admissions bribery scheme. The person behind it was William “Rick” Singer, founder of the Edge
It’s business as usual for CME Group’s bitcoin futures market, despite a retrenchment by rival derivatives exchange operator Cboe Global Markets. Contacted by CoinDesk Friday, a spokesperson for CME said the exchange has “no changes to announce re our bitcoin futures contract” and declined to comment on Cboe’s pullback. The affirmation is notable in light
The S&P 500 closed up 2.9 percent for the week, its best so far this year. It’s now at the highest level since early October, after breaking through key resistance levels near 2815, where it failed several times. The S&P is now less than 4 percent from the old historic closing high (2,930 on September
The Fed’s meeting is the big deal for markets in the coming week, and it is widely expected to send a message that investors in both bonds and stocks could find bullish. But analysts in both markets say the Fed’s message has been well telegraphed, and market response could be tepid or even a “sell
Jesse Lund, head of blockchain solutions at IBM, has just hinted that the tech company has plans to explore stablecoins in an interview with Cheddar yesterday. Lund did not disclose when this venture may debut but said it would be on its World-Wire platform. IBM and Stablecoins IBM began its venture with Stellar in late-2017 and finalized
The SU+RE House was designed and built by the students from Stevens Institute of Technology for the 2015 Solar Decathlon event and built modular. The large overhangs include “storm shutters” that shade the house in the open position and can be lowered to protect it from water, debris, and vandalism during a devastating storm.Photo courtesy
Home prices may be cooling off right now, but rents are heating up yet again. After taking a breather in 2018, due to new supply on the market, rents for both single-family homes and multifamily apartments are now rising at the fastest pace in nearly a year, according to Zillow. The median monthly rent in
Global trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year. At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per
Munis have been grooving along but next week will bring tiny issuance of less than $3 billion, along with a Federal Open Market Committee meeting. IHS Markit Ipreo forecasts weekly bond volume plummeting to $2.4 billion from a revised total of $4.8 billion in the past week, according to updated data from Refinitiv. The calendar
Ten years off the financial crisis bottom, the stock market scored one of its best decade in nearly 140 years. According to Goldman Sachs, the 10-year trailing annual return for the S&P 500 of 15 percent ranks in the 94th percentile of all 10-year periods going all the way back to 1880. The typical 10-year
Hong Kong-based cryptocurrency exchange Gatecoin will shut down and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute with a former payment services provider. Announced yesterday, the company distributed the message to customers via their corporate website. There, the team behind the project explained the suspension of the service occurred after
Check out the companies making headlines after the bell: Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $3.61 on revenues of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenues of
The Thai Stock Exchange (SET) is planning on rolling out a cryptocurrency platform sometime in 2020. According to SET’s official press release yesterday, the country is “ready for digital transformation.” Thai Stock Exchange Expands into Crypto SET President Pakorn Peetathawatchai said that the exchange’s three-year plan would focus on developing a “digital infrastructure platform.” The
When he’s not managing scandals at his alma mater, Rick Caruso manages his portfolio of Southern California real estate, which includes LA’s popular Grove shopping center. © 2018 Ethan Pines Billionaire real estate developer Rick Caruso finds himself in an uncomfortable position this week. The University of Southern California, where Caruso is chair of the
Builders claim they’re feeling better about their business, but the sales numbers are still not reflecting that. So all eyes are on the spring market, which could determine the fate of both the stocks and the earnings of the biggest builders. Sales of newly built homes fell sharply in January, down nearly 7 percent month