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
Developer Replay Destinations has announced the launch of a world-class Caribbean resort called Half Moon Bay Antigua.Half Moon Bay Antigua One world-class Caribbean setting is going to become even more unrivaled starting in summer 2019. That’s when Half Moon Bay Antigua, a low-density, 132-acre resort, is slated to begin construction in Antigua, the favorite vacation
A partial government shutdown looks probable as President Donald Trump digs in his heels on his demand to fund a border wall. Congress has until midnight Friday to either pass spending bills for seven federal agencies, or approve a stopgap spending measure that would push off a potential shutdown. If those efforts fail, the closure
Bitcoin (BTC) is looking increasingly bullish on a key technical chart following a strong move above $4,000. The leading cryptocurrency by market value first teased bullish reversal on Dec. 17 with the creation of an “outside reversal” candle on the widely followed 3-day chart. The early indicator of a bearish-to-bullish trend change, however, needed confirmation
You might expect a 70-year-old mutual fund with $74 billion in assets to be set in its ways. But the Franklin Income Fund’s holdings have gone through big changes in recent years. Ed Perks, the fund’s lead manager, described those shifts as well as the uncertain investing landscape of 2018 and what he sees ahead.
Manufacturers report expansion “continued to grow but remained subdued” in December, and the Federal Reserve Bank of Philadelphia Report on Business respondents showed price indexes were positive, but again lower than earlier this year. The general business conditions index decreased to 9.4 from 12.9. Economists surveyed by IFR Markets predicted a reading of 15.0 for
It may feel like the stock market is collapsing, but investors would be better served to “sit tight” and wait for a bounce rather than selling stocks at their lows, CNBC’s Jim Cramer said Thursday after a brutal day for the major averages. “Here’s the problem: we had a lot of companies report and they
Check out the companies making headlines before the bell: Walgreens Boots Alliance – Walgreens earned an adjusted $1.46 per share for its latest quarter, 3 cents a share above estimates. Revenue also came in above analysts’ forecasts and the company announced plans to cut $1 billion in costs. Separately, Walgreens announced a strategic partnership with
Crypto donations are not new. They weren’t in 2017, the year of the crypto boom, nor are they in 2018. But each time they happen, whether it’s donations in cryptocurrencies or fiat currencies, it’s proof that not everyone in the crypto space is there for only themselves. Vitalik Buterin (age 24), the creator of Ethereum,
Bitcoin’s (BTC) relief rally gathered pace on Thursday, pushing prices to two-week highs above the psychological hurdle of $4,000. The cryptocurrency rose to a high of $4,017 at 08:35 UTC – a level last seen on Dec. 5 – according to CoinDesk’s Bitcoin Price Index (BPI). Its market capitalization also hit a two-week high of
Dustin DeVan and BuildingConnected are joining Autodesk for $275 million.Gary Sexton Autodesk’s construction software business is getting its second acquisition-fueled jolt of the past few weeks. The company announced on Thursday that it is acquiring startup BuildingConnected for $275 million. The acquisition of BuildingConnected comes exactly one month after Autodesk announced plans to acquire PlanGrid,
The new Bravo limited-run TV series “Dirty John” is based on the popular true crime podcast of the same name about a real-life California woman who falls in love with a violent alleged con man. With no visible means of support or home of his own, John Meehan (played by Eric Bana) still manages to