After a tough fourth quarter, Lennar’s chairman Stuart Miller said December’s interest rate drop spurred a surge in customer traffic through their model homes. As one of the nation’s largest home builders, with a national footprint, what’s good for Lennar could bode well for the broader market for new homes in 2019. “The very quick
According to a US Government SEC registration form, cryptocurrency index fund provider Bitwise Asset Management has applied to launch a new Bitcoin Exchange Traded Fund (ETF) with the government body. An ETF is a platform that tracks and trades an asset in the same way as stocks are traded on an exchange. Will Bitwise manage
Bitcoin’s (BTC) price saw its biggest drop for seven weeks on Thursday, weakening the prospects of a bullish breakout above $4,100. The world’s largest cryptocurrency by market value hit a 3.5-week low of $3,503 yesterday, before closing (as per UTC) at $3,627 – down 9.4 percent on the day. That was the biggest single-day drop
Memories are short. Did the stock market rebound this week soothe your fourth-quarter fears? That’s why it’s an optimal time to consider ways to lower your portfolio risk. Doing so may even lead to higher returns over the long haul. Invesco, the Atlanta-based investment-management firm known for its exchange traded funds (ETFs), runs three ETFs
A prolonged federal government shutdown would have negative credit implications for New Jersey Transit and other transportation agencies not felt in past budget standoffs, according to Moody’s Investors Service. Moody’s analyst Baye Larsen noted in a Jan. 10 report that transportation systems like NJ Transit that rely heavily on federal grants will be most impacted
Wall Street’s recent distaste with the retail sector is evidence that the economic layout is changing for public retail companies, CNBC’s Jim Cramer said Thursday as the group slid on holiday sales disappointments. “Welcome to the new economy,” Cramer said. “Going forward, you need to understand that not all retailers are created equal anymore, and
The 20-day-old government shutdown had a minor impact on the economy so far, but it could start to have a bigger sting if it continues for much longer and hits consumer or business sentiment, economists said. As of Saturday, the shutdown will be the longest on record after it stretches beyond 21 days, going back
The world’s eighth-largest cryptocurrency, TRON (TRX), is making quite the bull-run this week. Throughout the entire crypto community, it is known that TRX, in the past, has been ‘pumped up’ on announcements of ‘potential partnerships.’ Justin Sun, TRON’s founder, is notorious for these types of marketing schemes via Twitter. Is this the cause of TRX’s
The price of bitcoin fell more than 10 percent during Thursday’s trading session as the cryptocurrency erased a large portion of its recent gains. At 6:00 UTC, bitcoin opened the trading hour at a price of $4,018, but fell to $3,748 before the hour was complete. After trading sideways until 16:00 UTC, the sell-off accelerated
Almost all the furniture in this photo is part of the $2 million collectionConcierge Auctions “This term ‘play the market’. That verb is very dangerous,” says Peter Lynch, in his Forbes interview as one of the 100 Greatest Living Business Minds. He is speaking of stocks, naturally, as former portfolio manager of Fidelity Magellan Fund, but he could
Hello, San Antonio! Seniors residing in this Texas city have the have the largest non-mortgage debt balances. Those were the findings from a study by LendingTree. The site, an online loan marketplace, analyzed the data of more than 75,000 of its users. Excluding mortgages, residents of San Antonio between 65 and 70 years of age
Bitcoin is losing altitude as an unwinding of bullish bets is creating downward pressure on prices. As of writing, BTC is changing hands at $3,780 on Bitstamp – down 5 percent on a 24-hour basis – having found offers above $4,000 at 06:00 UTC. Notably, the price drop is accompanied by a decline in the
The Port Authority of New York and New Jersey announced Monday the opening of its new Port Jersey rail facility that culminates a $600 million capital investment program first conceived in the 1990s aimed at establishing direct rail access to on-dock and near-dock intermodal rail services at all of its major marine terminals. The rail
Investors shouldn’t wait for “ironclad proof” that business is improving at Micron, Nvidia and Lam Research before they buy the semiconductor companies’ stocks, CNBC’s Jim Cramer said Wednesday as stocks inched higher. “If you wait for ironclad proof that a troubled business has turned itself around, you’ll miss most of the upside from that turn,”
The good news on 2019 earnings is that a lot of bad news is already priced into the market, as seen by the very modest drop of 1.5 percent in Samsung shares on Tuesday after terrible guidance. The flip side is a lot of damage has already been done, and other companies will be similarly
Check out the companies making headlines before the bell: Apple — Nikkei reported that Apple is cutting iPhone production by 10 percent between January and March. This would be the second time in two months that Apple trims iPhone production plans, according to the report. Facebook — CEO Mark Zuckerberg said he will host a
The 8th largest coin by market cap, TRON is running away with the gains today. According to coinmarketcap.com, TRX is up over 12% on the day, selling for just under $0.03 USD. The reason for its bull run is a somewhat tongue-in-cheek new hiring. The blockchain platform has hired a former US Securities and Exchange Commission
The ratio of long-to-short positions placed on bitcoin (BTC) has reached its highest level in over five months on cryptocurrency exchange Bitfinex. At press time, the BTC long positions placed on the exchange total 33,750 units, worth $137.3 million at current market prices, whereas the number of short positions is roughly 11,000 units less at
The concrete estate can withstand hurricane winds up to 180 mph.Douglas Elliman Real Estate Writing this was like pulling teeth. You’ll soon see why. If anyone could afford to bite off more than he can chew, it’s dental mogul David Willens (sorry, couldn’t resist). The founder and chairman of Sage Dental (a chain of affordable
Michael Thallheimer was looking forward to hosting Christmas Day at his new three-bedroom house in Rio Dell, California. Then the government shutdown hit on Dec. 22, putting his USDA loan on hold. The government’s mortgage program for low- and middle-income Americans in rural areas is currently not issuing any new funds in the meantime. Thallheimer
With the bitcoin market showing signs of indecision, prices could soon retreat back below $4,000. The world’s largest cryptocurrency by market capitalization witnessed two-way business yesterday before ending largely unchanged on the day (as per UTC) at $3,995 on Bitstamp. Worryingly for the bulls, BTC created a doji candle on Tuesday – widely considered a
WASHINGTON — The partial shutdown of the federal government has halted Internal Revenue Service tax-exempt bond audits and negotiations under the Voluntary Compliance Agreement Program. It’s also unclear if monthly federal subsidy payments on Build America Bonds will be made. IRS officials who might answer that question have been furloughed. Rep. Richard Neal, D-Mass., chairs
In its last fiscal year, Apple generated $100 billion in revenue that was not tied to what has long been considered its flagship product, the iPhone, CEO Tim Cook told CNBC on Tuesday in a wide-ranging interview with Jim Cramer. “In this last quarter, if you take everything outside of iPhone, it grew at 19
The market action on Tuesday is telling us that an awful lot of bad news has been priced into the market. And it just keeps coming. Stocks are up in Europe and the U.S….on bad news. The big worry now is earnings. Overnight, Samsung said fourth quarter operating profit would decline 29 percent, to 10.8
Check out the companies making headlines before the bell: Union Pacific — Shares of the freight-hauling railroad rose more than 7.5 percent in premarket trading after it hired a new chief operating officer. The Omaha, Nebraska-based railroad said Monday that it hired longtime Canadian National railroad executive Jim Vena as COO. Vena will take the
If you were excited about Friday’s news about Monero (XMR) being accepted on the Retail Row store, well, sorry to break the bad news, but according to CEO of Epic Games, Tim Sweeney, it was all a “mistake.” Oops, but also… how? Monero Mistake Over the weekend, the CEO of Epic Games—the creators of 2018’s biggest game,
Past performance is no guarantee of future results, but when history repeats it can be difficult to ignore the potential implications. Such is the case with price chart of ether, the ethereum network’s native cryptocurrency. Since Sept. 2018, the price chart of the world’s second largest cryptocurrency has mimicked the market structure of bitcoin’s bear
Reluctance to tiny homes shows Americans’ commitment to bigger is better.CustomMade In so many major markets across the country, leaders have their heads down, penciling solutions to the lack of affordable housing. They are changing zoning regulations and removing other hurdles that are making it difficult for developers to feasibly provide adequate, affordable housing for
As the government shutdown drags into its 17th day, banks and credit unions are offering accommodations to federal workers who’ve seen their paychecks stop. Some 420,000 employees are considered “essential,” and are working without pay, while another 380,000 have been ordered to stay home, according to calculations provided to CNBC by Paul Light, a professor
Charlie Lee is at it again. The Litecoin founder isn’t shy when it comes to voicing his opinion on crypto via Twitter and yesterday was no different. It seems this time, he’s targeting Bitcoin maximalists. Charlie Lee vs. Bitcoin Maximalists It all started with a poll. Some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists. They