View Bitcoin is lacking clear directional bias for a ninth straight day. The price consolidation has neutralized the bullish view put forward by a long-tailed doji candle created on Feb. 27. As a result, a fall back to levels below $3,700 cannot be ruled out. A UTC close above the March 9 high of $3,950
In the week ended March 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.99% from 4.04% the previous week. The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields dropped five basis points to 4.04% from 4.09% the
The software fix that Boeing said it is working on could take as long as six months, according to Bank of America. Boeing earlier this week said a software change is in the works as well as updates to pilot manuals and training and the Federal Aviation Administration said it would mandate those changes by
DX.Exchange, an Estonia-based platform that soft-launched in January, has opened its market to secondary trading of security tokens. Announced today, the exchange now allows companies to list their security tokens previously issued on other platforms. Institutional investors in Europe can purchase the tokens on the exchange for fiat, bitcoin, ether, tether and XRP. However, to start with,
Will Boeing ruin the breakout rally? This is an important moment for the markets. We are finally breaching the 2,800 level in the S&P 500 and have a shot at getting over 2,820. This is where five rallies have failed in the last six months, including ones in October, November, early December, late February and
Check out the companies making headlines after the bell: Shares of database company MongoDB surged more than 17 percent after market close Wednesday based on better-than-expected fourth-quarter earnings. Beating on the top and bottom lines, the company reported an a loss of 17 cents per share, beating Refinitiv estimates by 21 cents. MongoDB earned $85.5
Twitter founder Jack Dorsey has earned himself the title of ‘Bitcoin Evangelist’—such is his advocation for digital assets. His support of Bitcoin has been consistent and unwavering. Dorsey, as a successful businessman, is hard to ignore. His support for the leading cryptocurrency spurs on Bitcoin bulls and those who love a strong voice supporting their views.
A modern mansion is proposed for this land formerly owned by drug kingpin Pablo Escobar.Courtesy of ONE Sotheby’s International Realty The killer views at this sprawling Miami Beach property are infinite—only obscured by a scandalous past. Parked along 150 feet of waterfront with sunset and downtown views, it was once the home of notorious Colombian
Mortgage interest rates are now decidedly lower than a year ago, and home shoppers are buying in, but most are wealthier consumers purchasing more expensive homes. Total mortgage application volume rose 2.3 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was essentially flat compared with the
View Bitcoin is trapped in a trading range defined by the 200-week simple moving average and the 200- week exponential moving average, currently at $3,404 and $4,106, respectively. Therefore, the outlook as per the weekly chart is neutral. A weekly close (Sunday, UTC) above $4,106 would confirm a longer-term bearish-to-bullish trend change and could fuel
CHICAGO — The Chicago City Council signed off Wednesday on an $850 million borrowing authorization along with several key development projects sought by Mayor Rahm Emanuel before closing the books on his eight-year tenure. The city intends to issue about $800 million late this month in its first general obligation bond offering in more than
If someone hits the $448 million jackpot in Wednesday night’s Powerball drawing, Uncle Sam will be waiting in the wings with both palms out. While the odds of winning the top prize are stacked against players, the IRS — and often the state where you live — wastes no time getting at least a slice
Several well-known cryptocurrencies are trading above their 200-day moving averages, a development typically considered a sign of a healthy market. A moving average (MA) is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as
Check out the companies making headlines after the bell: Switch shares surged as much as 8 percent after hours Tuesday after the telecommunications company reported mixed fourth-quarter earnings. The company earned $103 million in revenue, missing estimated of $104 million, according to Refinitiv. Earnings per share were 5 cents, beating expectations by 2 cents. The
The cryptocurrency market is making a comeback this week, after closing out last week in the red. Crypto news was pretty slow last week, but it has picked up a bit today. This morning, CoinCenter released news that the SEC Chairman confirmed that ETH is not ruled as a security by the regulator. In addition to
Share to facebook Share to twitter Share to linkedin There’s nothing worse than investing your time and energy into a deal only to watch it all go up in flames. It’s especially frustrating when you know you could have gotten the deal closed if only someone would have been flexible, even a tiny bit. Instead
21 Mins Ago A plan to tax the rich on multi-million dollar second homes is gaining traction in New York City in order to raise funds for the MTA transit system. State Senator Brad Hoylman (D), who introduced the bill, joins “Squawk Box” to discuss the legislature’s interest in the law.
View Bitcoin’s 50-day moving price average could soon move above the 100-day moving average, confirming its first bullish crossover in seven months. While the bullish crossover is a lagging indicator, the current slope of the MAs is signaling bearish exhaustion. So, bitcoin could rise toward $4,236 (Dec. 24 high) in the near future, as suggested
Denver-based D.A. Davidson & Co. will acquire Wells Nelson & Associates, an Oklahoma-based public finance and wealth management firm. The deal strengthens D.A. Davidson’s fixed-income presence in Oklahoma and Texas and unites two firms whose expertise and market leadership are aligned, company officials said “Wells Nelson has a great reputation, deep expertise and solid relationships
Embattled Wells Fargo CEO Tim Sloan is scheduled to testify at 10 a.m. Tuesday before the House Committee on Financial Services. Sloan, 58, is likely to defend his efforts at cleaning up the bank’s fake accounts scandal since taking over Wells Fargo in October 2016. The San Francisco-based bank’s problems came to light earlier that
Ethereum mining pool Sparkpool has located and verified the accidental sender of an unusually high miners’ fee and agreed to split the amount. In a statement provided to CoinDesk, Sparkpool said it received an email from an anonymous user on Feb. 25, claiming that they had made a mistake by attaching the 2,100 ether (ETH) fee
Check out the companies making headlines after the bell: Shares of Stitch Fix surged more than 20 percent in extended trading Monday following the release of the personal styling company’s better-than-expected second-quarter earnings and strong full-year outlook. Stitch Fix posted earnings per share of 12 cents on revenues of $370 million. Wall Street expected earnings
The largest stock exchange in Switzerland, the SIX stock exchange, is planning on launching an XRP crypto exchange-traded product (ETP). Amun AG was the first crypto startup to launch ETPs on SIX. Hany Rashwan, CEO of Amun AG, told CoinDesk that this new product will have the ticker AXRP. SIX Stock Exchange Adds XRP ETP
For decades now, Silicon Valley has been considered the center of the tech world when it comes to innovation.Propy Major brands including Uber, Lyft, Slack, Pinterest, and Airbnb are predicted to IPO this year which could result in new wealth, not only for cities where these companies are headquartered but surrounding cities as well. The
View Bitcoin has established a higher low near $3,300 in the last two months, signaling bearish exhaustion. However, a break above the Christmas Day lower high of $4,236 is needed to confirm a bearish to bullish trend change. Bitcoin (BTC) needs to climb at least anther $350 to confirm a long-term bullish reversal, technical charts
Philadelphia Mayor Jim Kenney says his proposal will boost the city’s pension and reserve levels while avoiding any tax increases. Kenney outlined a $5 billion 2020 fiscal year spending plan last week that would increase the city’s pension funding by 4.17%, or $29.8 million, after an estimated 3.4% decrease from 2018 to 2019. The city’s
In an economic slowdown, investors should look to companies with above-average sales growth as the rest of the market is weighed down by rising costs, according to Goldman Sachs. The bank built a portfolio consisting of 50 stocks in the S&P 500 with the fastest expected 2019 sales growth based on consensus estimates. The median
Swiss stock exchange SIX Group has listed an ethereum-based exchange-traded product (ETP). SIX Group announced Tuesday that trading for the Amun Ethereum ETP started on March 5 under the ticker symbol AETH. The product carries an annual management fee of 2.5 percent and is backed by Switzerland-based firm Amun AG. ETPs are a type of
February’s job growth slowed to a crawl with just 20,000 payrolls added, but it is more the result of temporarily sluggish growth and not a sign of recession. The shockingly weak report was about 160,000 fewer jobs than economists had forecast, but it follows January’s surprisingly strong 311,000 payrolls, which were revised higher by 7,000
US prosecutors have arrested one leader of the OneCoin project for stealing billions from investors through the alleged pyramid scheme. Ruja Ignatova and Konstantin Ignatov have been indicted by the State of New York for wire fraud, securities fraud, and money laundering. Ignatov was arrested this week, however, Ignatova remains at large. The pair defrauded