The College of New Rochelle is on the brink of closure after staff cuts, asset sales and a refinancing failed to alleviate a debt crunch. The 115-year old Catholic school in New York’s Westchester County said Friday that “cash flow challenges” probably will force an end of operations by the end of this summer. The
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Caterpillar shares fell on Tuesday after UBS double downgraded the shares, citing slowing global construction demand. UBS downgraded Caterpillar from buy all the way to sell and lowered its 12-month price target to $125 from $154 a shares. Caterpillar shares dropped 3.5 percent in premarket trading to $136.45. “We believe 55 percent of CAT’s end
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Mortgage application volume increased 3.6 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications to purchase a home increased 2 percent for the week — the first uptick in a month — a sign of optimism in the housing market. “After four consecutive declines, purchase applications increased
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Check out the companies making headlines before the bell: AutoNation – The car retailer reported adjusted quarterly profit of $1.10 per share, 4 cents a share shy of estimates. Revenue also came in below analysts’ forecasts. Separately, the company announced that CEO Mike Jackson will step down March 11 and become executive chairman. He’ll be
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Bitcoin’s price climbed back above $4,000 on Saturday for the first time over over two months as the broader cryptocurrency market flashed green. At 18:00 UTC on Saturday, the world’s largest cryptocurrency by market capitalization surpassed the $4,000 mark to ultimately reach $4,146 – its highest price since Dec. 24 of last year, according to pricing data from CoinDesk.  Bitcoin’s
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San Francisco housing markets offer new buyer opportunitiesGetty Buyers should revisit the housing markets in Los Angeles and San Francisco for new buying opportunities according to Selma Hepp, chief economist at the San Francisco office of Compass, the national luxury brokerage firm. “The story is there are real opportunities out there for buyers now. There
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A more robust new issue slate awaits municipal bond buyers as supply rises after a holiday-shortened trading week. IHS Markit Ipreo forecasts weekly bond volume will increase to $4.9 billion from a revised total of $2 billion in the prior week, according to updated data from Refinitiv. The calendar is composed of $3.5 billion of
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QuadrigaCX’s online wallets for bitcoin and ethereum have nearly been emptied and the funds sent to the failed cryptocurrency exchange’s court-appointed monitor, Ernst & Young (EY). On Feb. 14, 52 bitcoin (BTC) and 960 ether (ETH) were sent to freshly created blockchain addresses from addresses identified earlier as belonging to the Canadian exchange. The amounts matched
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OKEx has just listed Ripple (XRP) and Bitcoin Cash (BCH) on its customer-to-customer platform, according to a report released this morning by Cointelegraph. The customer-to-customer platform is the cryptocurrency exchange’s newest venture. At the time of writing, OKEx is the top cryptocurrency exchange by its 24-hour trade volume. OKEx Adds Ripple (XRP) and Bitcoin Cash (BCH)
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