NBC Sports’ Golf Channel is partnering with four-time major champion Rory McIlroy to debut a subscription service that will give customers one round of golf a month, more than 4,000 hours of instructional videos and discounts at resorts and clubs. GolfPass, which NBC is officially launching on Tuesday, will cost $9.99 per month or $99
The troubled crypto exchange QuadrigCX has appealed for creditor protection, setting the stage for a significant court hearing on Feb. 5 in Canada. Last Thursday, the exchange’s appeal was made before the Nova Scotia Supreme Court, with QuadrigaCX claiming that doesn’t have access to wallets containing some $137 million (U.S. dollars) in cryptocurrency. As such,
Now that the IPO market has reopened, traders are hopeful that an enormous pile of new stock offerings can be pushed through the door in 2019. IPO observers are optimistic, and with some justification: There is an outside chance 2019 could be an all-time record for initial public offerings, passing even the legendary 1999 and
Check out the companies making headlines after the bell: Shares of Alphabet dropped more than 3 percent in extended trading on Monday despite beating on its top and bottom lines. The Google-parent company’s earnings per share were $12.77, well above estimates of $10.82. The company earned $39.28 billion in revenue, beating the $38.93 billion estimated
Around $190 million in cryptocurrency has been lost and locked away somewhere online where no one can reach it. What’s to blame? Canada’s largest cryptocurrency exchange, QuadrigaCX. Back in December, the cryptocurrency exchange’s founder perished while in India. According to CoinDesk, a court filing states that the company does not have access to most of
Clelia Warburg Peters, president of Warburg Realty, brings significant experience in strategic business development, cutting-edge technology and financial investing to her role at the firm. With international business experience, Peters introduces a global perspective to a local community. Clelia Warburg Peters, President of Warburg RealtyWarburg Realty Warburg Realty is one of New York’s leading tech-savvy
Apparel retailer Charlotte Russe filed for Chapter 11 bankruptcy protection on Sunday, saying it plans to close nearly 100 stores. The company has more than 500 locations, including those under the Peek Kids brand, operating across the country today. Many are within shopping malls. Charlotte Russe said “in the near term” it will provide additional
View Bitcoin has charted a falling wedge pattern on the daily chart. A break above $3,450 would confirm a wedge breakout and expose key resistance lined up at $3,658 (the high of the gravestone doji candle created on Jan. 26). A violation there would expose the psychological resistance of $4,000. The prospects of a falling
Thomas M. Enright, who died Jan. 27 of bone cancer at 72, was remembered by former colleagues and municipal professionals for his banking industry knowledge and loyal client base. Enright held various fiscal positions with local Michigan governments before beginning a nearly 30-year investment banking career. He retired in 2016 from Hilliard Lyons where he
The markets have surged into the new year with the S&P 500 Index posting its best January in more than three decades. Investor optimism of late has been fueled by a stronger-than-expected earnings season, and a Federal Reserve that is expected to pull back on plans to hike interest rates. The S&P 500 is now
The operator of Germany’s second-largest stock exchange, Boerse Stuttgart Group, has launched a mobile app for cryptocurrency trading. After a year in development, the firm announced Thursday, the Bison app is now available on iOS 9+ and Android 4.4+ devices in Germany, and will allow users to trade in bitcoin (BTC), ethereum (ETH), litecoin (LTC) and
January’s super strong jobs report and a solid manufacturing survey on Friday showed that recession worries may be overblown and slowdown fears are not impacting corporate hiring or dampening manufacturers’ sentiment. The economy added a surprising 304,000 new jobs in January, well above the 165,000 expected by economists. Wages grew by an annual 3.2 percent,
Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than in 2017. No wonder institutional investors don’t want to put big money into
Year of the Pig photo credit: GettyGetty At the end of last year, I published a 2019 forecasts piece in which five VCs hailing from the US, the UK, and Continental Europe shared their thoughts on PropTech in 2018 and their expectations for the year ahead. The article was a huge hit and generated a
U.S. hiring in January topped all forecasts while wage gains cooled and the government shutdown pushed up the unemployment rate, signaling job gains remain robust without major inflation pressures that would worry Federal Reserve officials. Non-farm payrolls increased by 304,000, the most in almost a year, after a downwardly revised 222,000 gain the prior month,
If you win money in a Super Bowl bet on Sunday, remember while you’re celebrating that Uncle Sam can be a bit of a party crasher. No matter where you wager — whether at a casino, through a pool or fantasy league, or at your neighbor’s annual bash — the IRS expects you come to
Troubled Canadian crypto exchange QuadrigaCX owes its customers $190 million and cannot access most of the funds, according to a court filing obtained by CoinDesk. In a sworn affidavit filed Jan. 31 with the Nova Scotia Supreme Court, Jennifer Robertson, identified as the widow of QuadrigaCX founder Gerald Cotten, said the exchange owes its customers roughly
Check out the companies making headlines midday Friday: Papa John’s — The third-largest pizza delivery company saw its stock fall 8 percent after Reuters reported Papa John’s would not sell itself, despite offers from private equity firms. The firm’s offers reportedly did not meet Papa John’s valuation expectations. Exxon Mobil — Shares of Exxon Mobil
Computer giant IBM has successfully completed another blockchain trial with the help of 28 tons of mandarin oranges. The tech behemoth tracked a shipment of mandarins from China to Singapore and used the innovative technology to do so. IBM Blockchain Trial The trial consisted of 28 tons of mandarin oranges (which equates to 3,000 cartons), delivered
Photo Taken In Seattle, United StatesGetty The wild West Coast home price appreciation party seems to be winding down. After the incredibly strong home price gains over the last six years in San Francisco, Seattle, Portland, Los Angeles and San Diego, home prices were up “only” 3% to 6% over the last 12 months. In a
After falling for two weeks, mortgage interest rates turned ever so slightly higher last week, and that apparently turned potential borrowers back on their heels. Mortgage application volume decreased 3 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 16.5 percent lower than a year earlier.
CHICAGO — Loop Capital Markets LLC has hired former Wells Fargo Securities public finance chief Stratford Shields, a move the firm believes will bolster its client base and financing expertise, said Loop chief executive officer James Reynolds. Shields started at the Chicago-based public finance, corporate investment banking, brokerage, and advisory firm on Thursday as a
Many market commentators will try to explain why the stock market kicked off 2019 with the best January in decades, but CNBC’s Jim Cramer stressed on Friday that the move wasn’t tied to historical patterns or the calendar. “You know why stocks had such a good start this year? For the same reason they had
Bitcoin has officially entered the longest stretch of declining prices in its 10-year history. The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the
After January’s strong jobs report calmed some recession fears, investors will be picking through the next wave of earnings reports and economic data for clues on just how much the U.S. economy could be slowing. Dozens of earnings, from companies like Alphabet, Disney and Eli Lily, report in the week ahead, and there are just
Ethereum 2.0 is closely approaching. The blockchain project has just launched its first pre-release for phase zero of the network’s transition to the new and improved Ethereum (ETH). Yesterday, Ethereum published a new post on its Github releasing the details of the pre-release. Ethereum 2.0 The new post explains: “[This] marks the first release in
The Star — originally the Texas Company (Texaco) regional headquarters and now a luxury residential tower — earned ULI-Houston’s Development of Distinction Award in the for-profit category (large scale, more than 100,000 square feet). Photo courtesy of Urban Land Institute-Houston and The Star Urban Land Institute-Houston announced its 2019 Development of Distinction award winners. And while
House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. The Realtors’ pending home sales index was also down a dramatic 9.8 percent compared with December 2017. This marks 12
View Bitcoin registered losses for a record sixth straight month in January, reinforcing the bearish view put forward by the moving average studies on the monthly chart. As a result, a re-test of December lows near $3,100 could be on the cards. The odds of a sustained rise to $4,000 would improve if the 200-week
The New York Metropolitan Transportation Authority sold over $1 billion of securities in four competitive sales on Thursday. Municipals were stronger a day after the Federal Reserve left interest rates unchanged. “Munis are broadly rallying today with yields down from three basis points to five basis points across the curve,” ICE Data Services said. “The