Bitcoin’s (BTC) minor pullback from two-week highs could end up fueling a breakout above the key hurdle of $4,140. The world’s largest cryptocurrency by market value jumped to $4,090 at 17:15 UTC on Sunday – the highest level since Dec. 24 – validating the short-term bullish reversal confirmed on Dec. 20. Even so, the positive momentum
Morgan Stanley has hired veteran muni market practitioner Tom Weyl as an executive director of credit analysis within the municipal capital solutions group. “We are excited to have Tom on board and are looking forward to the continued expansion of our credit expertise across the Morgan Stanley Municipal franchise,” said Alexander Chilton, head of municipal
Patient investors might want to consider buying shares of Micron Technology as things slowly turn positive for the chipmaker, CNBC’s Jim Cramer said Monday as Micron’s stock pulled the semicondcutor cohort higher. Shares of Micron mounted a long-awaited recovery in Monday’s turbulent trading session after BMO Capital Markets analysts upgraded the stock to “buy” from
I’ve been away visiting my father in Florida for a few days, but it’s remarkable how much sentiment has changed. I look at the major “worries” and I see big progress, particularly on the two biggest problems for the market: the Fed and China trade. 1) Fed and rates: Chairman Jerome Powell provided much greater
The trade war may be hurting China more than the U.S., but by spring, China could be looking up as the U.S. slows, particularly if the friction continues, economists said. According to Bank of America Merrill Lynch economists, the China slowdown could start to reverse in the next couple of months, due to large amounts
Today, we’re taking a closer look at EOS and Ethereum (ETH). The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a
Angus Champion de Crespigny is an advisor to blockchain projects and a former EY blockchain lead. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Amongst many others, the bitcoin community for the past few years has been working with two particularly important ideas related to the asset’s future. One is the narrative
This coming year, most real estate investors will want to stay away from the cities with soaring prices, where they’re more likely to end up holding the bag than to strike it rich. You can never know when a real estate bubble will burst – I happen to think it won’t happen in 2019 –
More Americans think it is a bad time to buy a home, as fewer potential buyers can afford what is on the market. The share of Americans who think it is a good time to buy a home just dropped sharply, according to a December survey from mortgage giant Fannie Mae. Higher mortgage rates and
Bitcoin’s (BTC) bears would be put on the back foot if prices climb past key resistance lined up at $4,140. The leading cryptocurrency jumped to a two-week high of $4,090 earlier today, as expected, ending a weeklong period of low volume consolidation near $3,800. Notably, the break above $4,000 has added further credence to the
U.S. employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market that nevertheless faces mounting risks in 2019. Non-farm payrolls increased by 312,000 in December, easily topping all forecasts, after an upwardly revised 176,000 gain the prior month, a Labor Department report showed Friday.
Blackstone is telling investors not to give up on 2019, and perhaps they’re starting to listen. Its investment strategist, Joseph Zidle, is optimistic stocks will rebound this year, blaming the market’s wild swings on misguided, negative sentiment. “This is a buying opportunity. We see the market, the S&P 500, up 15 percent in 2019,” he
December’sstronger-than-expected jobs report shows the labor market remains solid, but does not alleviate fears that the economy is slowing down as the new year begins. The economy added 312,000 jobs in December, far more than the 177,000 that were expected and the largest increase in payrolls since February, 2018. The unemployment rate rose to 3.9
Bitcoin price is currently down 2% on the day and selling for $3,792. Today’s action is reminiscent of previous days in the week where the coin has dropped a few percents but then gained a few more and vice versa. Bitcoin Price Disappointingly, the coin has failed to break back above the $4,000 mark that it
At the Bauhaus, the art and architecture school founded by Walter Gropius, the simplified, low-slung forms of modernism took root. In Dessau, Germany, the site will be 100 years old in 2019.Getty It depends on whom you ask. Millennials or Generation Z members emphatically state their preferences for Atomic Ranches, kidney-shaped swimming pools, interiors a
Manhattan real-estate suffered its worst year since the housing crash of 2009, as tax changes, stock-market turmoil and jittery foreign buyers hurt sales in 2018. Home sales in Manhattan fell 14 percent last year, the industry’s steepest drop since 2009, according to a report from Manhattan real estate companies Douglas Elliman and Miller Samuel. In
St. Petersburg, Florida-based Raymond James is making a move into the Kansas City region with the hiring of veteran public finance banker Greg Vahrenberg. Vahrenberg, who started in December, most recently worked at Piper Jaffray, where he spent two decades. Banker Greg Vahrenberg joined Raymond James in December in the firm’s first Kansas City, Missouri,
Tony Robbins, renown life and business strategist who has coached more than 50 million people, has dedicated himself to spreading personal finance literacy across America. And his mantra is timely: Don’t sit on the sidelines in fear or make rash decisions because of stock market volatility. As he points out: “The single biggest threat to
Trade talks between the U.S.and China will dominate the market’s focus in the week ahead, while investors are also watching to see whether other companies join the ranks of Apple and warn about an earnings miss. Fed Chairman Jerome Powell, who sent stocks sharply higher Friday, speaks again Thursday at an Economics Club of Washington
On Thursday, January 3rd, BitTorrent, Inc. said that it plans to launch a crypto token, called the BitTorrent token (BTT). While many have done something similar, CEO Justin Sun described the BTT token as having a competitive edge. BTT Token Coming Soon According to Sun, the BTT token is “the first in a series of
Regardless of bitcoin’s price volatility, 2018 saw an explosion of activity among African users. Revealed exclusively to CoinDesk, the peer-to-peer bitcoin exchange Paxful increased its transaction volume by 130 percent since January 2018 with an average of $21 million a week, compared to $8.5 million in 2017. The growth was driven in part by Paxful’s
Brooklyn price records before Matt Damon came to town include two townhouses that each sold for $15.5 million. (Photo by Evan Agostini/Invision/AP) photocredit: Evan Agostini/Invision/AP Eighteen months after going under contract for the penthouse in the Standish building, Matt Damon has closed the deal and become the newest title holder of most expensive sale in Brooklyn,
On Christmas Eve, Cory Binsfield, a landlord in Duluth, Minnesota, received bad news from a couple of his tenants: their rent will be late. Normally, Binsfield dings tenants who are more than five days behind with an 8 percent late fee and if he doesn’t see their payment for two weeks, the lawyers get called.
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, declined to 4.07% from 4.09% the week before. The Bond Buyer’s 20-Bond GO Index of 20-year general obligation yields dipped one basis point to 4.09% from 4.10% in the previous week. It is at
Federal Reserve Chair Jerome Powell just gave the stock market and the U.S. economy exactly what they needed to continue the steady growth they’ve seen in the last several years, CNBC’s Jim Cramer said Friday. In a group interview with former Fed leaders Ben Bernanke and Janet Yellen, Powell said Friday that he would be
Fed Chairman Jerome Powell changed his tone on Fed policy, walking back a comment he made in December that rattled markets and made him sound rigid about the Fed’s balance sheet. Following the Fed’s December meeting, Powell had said that the Fed’s balance sheet wind-down was on “autopilot.” That unnerved some investors who had been
A digital exchange opening next week allows investors to trade in major public companies using digital currency on Ethereum. DX.Exchange is a first of its kind in the cryptocurrency space. The exchange allows trades to occur even when the markets are closed. Stocks Held on the Ethereum Blockchain DX.Exchange will at first offer digital tokens
Sid Kalla, CFA and Bradley Miles are co-founders of Roll, an open standard for social money on the ethereum blockchain. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Over long time periods, bitcoin’s returns have been uncorrelated to the stock, bond or commodity markets. Even though bitcoin has been highly volatile, adding
Silversands Hotel in GrenadaSilversands Following the devastating effects from Hurricanes Irma and Maria in 2017 that heavily damaged 30% of the islands in the Caribbean, there is a remarkable comeback underway. Many previously affected properties have now opened and a large slate of new developments and resorts are planned to launch in 2019 and 2020. I spoke with several
The warehouse sector is booming as online shopping, particularly during the holiday season, boosts the amount of items returned to retailers every year. Warehouses have experienced surging demand since 2012 as e-commerce continues to grow. Construction in the sector is thriving. Now, “reverse logistics,” a fancy term for dealing with e-commerce returns, is the No.