Stocks could look to bounce later in the week, after the worst Christmas Eve performance ever, but some strategists expect only a half-hearted rally attempt with more losses to come. The S&P 500 lost 2.7 percent Monday, to 2,351 in a half-day session, and is now officially in a bear market — or down 20
According to the president of Western Union Global Money Transfer, the company is “ready to adopt any kind of currency.” And interestingly, this includes cryptocurrencies. Western Union Ready to Adopt Odilon Almeida held an interview with Reuters Plus yesterday. Here he stated that there was no big difference between cryptocurrencies and regular digital payments, of which the
Jeff Fishman, founder JSF Financial, a financial planning and investment management firm in Los AngelesJSF Financial The Tax Cuts and Jobs Act, the only big piece of legislation passed by President Donald Trump, was enacted last December, but tax year 2018 is when a lot of the provisions go into effect. It’s been called the
Puerto Rico employment declined in November for the second consecutive month, adding to signs that the post-hurricane economic recovery may be ending. November employment slipped 0.23% from October and 0.95% from September, according to the United States Bureau of Labor Statistics’ household survey released Friday. The bureau also released an employment survey based on the
Despite the market turmoil in December, many of Wall Street’s top analysts remain bullish for 2019. A CNBC survey found that the average strategist sees the S&P 500 ending next year above 3,000. That move would be a gain of more than 20 percent from current levels. That would be welcome news to investors, with
A Santa Claus rally, which would begin on Monday, is a very specific event: the tendency for the market to rise in the last five trading days of the year and the first two of the new year, good for an average gain of 1.3% in the S&P since 1950, according to the Stock Trader’s
Check out the companies making headlines before the bell: Campbell Soup – Campbell is moving closer to divesting its international business, according to Reuters. Sources say Kraft Heinz and Mondelez International have been short-listed to participate in the second round of bidding. Tesla – Tesla has cut prices for its Model 3 in China by
I love a good western: the gunfights, the train robberies, the drinking and gambling. The name of the film I was watching escapes me – it may have been Tombstone – but I recall a scene where a few burly men were playing cards, and there was a whole stack of goodies on the table.
Lauryn Evarts at home.Lauryn Evarts Bedrooms aren’t just spaces for sleeping. They’re so much more than that. A bedroom should feel like a retreat to restore both the body and mind. I interviewed a range of successful influencers and entrepreneurs about the most intimate rooms in their homes. They generously shared not just what these spaces looked like,
Third quarter gross domestic product growth was revised down to a 3.4% gain from the 3.5% gain in the previous estimate, data released Friday by the Bureau of Economic Analysis showed. At the same time, the price picture was revised only modestly from the previous estimate. The core PCE price index was revised up to
To the extent that investors are nervous about the U.S. economic outlook — reflected in a broader market dancing on the edge of a bear market — Wall Street analysts seem curiously bullish in their 2019 forecasts. Last week, volatile trading pushed the Dow Jones Industrial Average to its worst week since the 2008 financial
For much of his presidency, the stock market has loved President Donald Trump, trading higher on his pro-growth policies, like tax cuts, as well as his hands-off regulatory stance. But now with the stock market well off its highs, the president has increasingly become a source of uncertainty and volatility. Trump and Washington politics are
The cryptocurrency market has hit a bit of stride these past few days. One the market hasn’t seen in quite some time. Bitcoin (BTC) is trading above $4,000, and Ethereum is sitting just above $115. Today, we’ll take a closer look at Bitcoin Cash (BCH) and Bitcoin SV (BSV) and their latest movements. Bitcoin Cash
When it comes to analyzing markets, developing your own trading style can be the difference between a successful trade or financial pain. Traders utilize a variety of indicators in order to add layers of confirmation to their bias in order to get the most accurate results. But what if you could only choose one indicator to
Crystal City where search traffic spiked with Amazon HQ2 announcement: Andrew Harrer/Bloomberg photo credit:© 2018 Bloomberg Finance LP Trulia.com, the online real estate site recently looked at the real-time impact of Amazon’s HQ2 recent November 3rd announcement selecting Crystal City, Virginia as one of its sites. Cheryl Young, Trulia’s chief economist, looked at the numbers
Each new housing data point is worse than the last, and they are prompting a leading industry analyst to say the market is in a correction. Single-family housing starts fell more than 13 percent year-over-year, according to the U.S. Census. Building permits, an indicator of future construction, were down nearly 2 percent. This followed a
The region’s services sector decelerated, as the general business conditions index slumped to 3.9 in December from 43.3 in November, this month’s Federal Reserve Bank of Philadelphia non-manufacturing Report on Business, released Friday, indicates. At the company level, the general business activity index plunged to 3.0 from 42.4. The prices paid index was 18.3, down
President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed Chairman Jerome Powell, Treasury Secretary Steven Mnuchin said on Saturday, moving to defuse a controversy that could roil global markets even further. Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing
I sat down with UBS’ Art Cashin at the bar at Bobby Van’s steakhouse across the street from the NYSE for our annual look back/look ahead. Art and I both agree that the big story for 2018 was the return of volatility. Here are Art’s thoughts on what’s in store for 2019. “I think perhaps
Stocks head into the final full trading week of the year on the brink of a bear market. The Dow Jones Industrial Average plummeted in the past week in its worst performance since before the bull market began, in the very thick of the financial crisis in the fall of 2008. While the market is
Facebook (NASDAQ:FB) is reportedly developing a cryptocurrency that will let users send money via its WhatsApp messaging app. The new cryptocurrency would launch first in India—a country with over 200 million Whatsapp users and the world’s leader in sending money home. Facebook Cryptocurrency According to Bloomberg, the company is creating a stablecoin, a digital currency
Malta-based OKEx, currently the second largest crypto exchange by 24-hour adjusted volume, has launched a new bitcoin derivative product with no expiry date, meaning that positions can be held indefinitely. Announced Tuesday, the product, dubbed a “perpetual swap,” allows crypto traders to speculate on the future value of OKEx’s bitcoin (BTC) to U.S. dollar (USD)
2019 class new calendar year greetingGetty At the start of December, I chaired a PropTech event for Women in Property. Five game-changing startups presented their disruptive solutions for the CRE space to a rapt audience. Needless to say, I had to cut questions short, every time! However, I made sure to ask each speaker one
Surging demand and strong occupancy in the nation’s apartment market is “surprising” experts who say the continued strength is “unexpected.” Just a year ago, as dozens of cranes swarmed over major U.S. cities, there was concern that the rental apartment market was overheated and overbuilt. Apartment absorption, which is the rate at which new units
Crypto players from around the globe are chiming in on the direction of the Bitcoin price in 2019. Will it continue to see price crashes? Or will the current recovery continue? Better yet, has the industry had a good year and will it continue to have significance in the new year? Earlier in the week,
Orders placed with U.S. factories for business equipment fell in November, missing forecasts for an increase and adding to signs that demand is slowing amid risks from the trade war with China. Non-military capital-goods orders excluding aircraft — a proxy for business investment — dropped 0.6%, after an upwardly revised 0.5% increase the prior month,
There may be a break in the selling as the year winds down but a “dreadful bear market” is in the cards for 2019, according to hedge-fund veteran Mark Yusko. He told CNBC on Friday he expects the markets to end the year down, in the single digits, and in January there will be a
Check out the companies making headlines before the bell: CarMax – The auto retailer reported quarterly profit of $1.09 per share, 9 cents a share above estimates. Revenue was short of forecasts, however, as same-store sales declined by 1.2 percent. Nike – Nike reported quarterly profit of 52 cents per share, 6 cents a share
Coinbase has been extremely active with its ’12 Days of Coinbase’ marketing initiative. The cryptocurrency exchange has been releasing daily updates on its company for the last ten days. Yesterday’s announcement was the biggest yet. Coinbase Moves $5 Billion On day one, the cryptocurrency exchange announced that its users could buy e-gift cards from a wallet
The executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors. According to a report from CoinDesk Korea on Friday, the Prosecutors’ Office of the southern district of Seoul has indicted three senior staff members, including founder Song Chi-Hyung, on charges of fraud. The executives are alleged to have