Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images Amid a slew of headlines and tweets, a long-awaited phase one trade deal between the U.S. and China has finally been agreed upon. However, Goldman Sachs is not so happy
The headline on the trade deal — no new tariffs, some existing tariffs reduced — is positive, but something the market has long anticipated. Traders are now arguing over the impact on 2020 earnings. Bulls say several thorny issues may be on the verge of resolution and will be enough to push markets to new highs.
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With trade tensions toned down, stocks have clearance to rally into year-end, a traditionally positive time for stocks. Stocks surged to record highs in the past week, as the U.S. and China moved to announce a phase one trade deal
Horizontal photo close up of male businessman hand holding pen putting signature on official … [+] document contract paper binding agreement concept banner for website header design with copy space for text Getty Though no one likes to think about this possibility, sometimes even the most dedicated buyers get cold feet. When that happens, it’s
Dubai property magnate Hussain Sajwani has repeated calls for an immediate halt to construction, warning the city faces “disaster” if oversupply continues. “Nothing has changed,” Sajwani told a CNBC-moderated panel at the Salt Conference in Abu Dhabi on Wednesday. “The glut of supply we have, or we are going to have, will have an impact
Bloomington, Minnesota, plans to make a splash in the tax-exempt bond market next year by arranging a $300 million deal to fund a water park. The aquatic amusement venue would be part of a Mall of America expansion for which city officials are working to finalize redevelopment agreements. A rendering of the proposed indoor waterpark
Tezos (XTZ) is having a strong end to 2019, with the token seeing its price surge over 85% since early November. This boosts expectations for appreciation going forward as adoption continues to grow following initial skepticism. XTZ Storms into the Top Ten This week, the digital coin continues its impressive performance and gained 25%, making
For us, it’s a foundational component of the technological change taking place. I always joke, we never have anyone come into our office and say ‘Hey, we’re building a Microsoft Excel Company.’ If you think about automation of micro-transactions or high frequency transactions between a bunch of connected devices, there’s no way current way to
After driving down collateralization rates, the second priority for DeFi is greater diversity of synthetic assets. Look at MakerDAO: MakerDAO produces dai, a synthetic dollar-pegged stablecoin, with no actual dollars being held anywhere in the system. All requires is an ETH/USD price feed. If we just swap out that price feed for ETH/gold instead, suddenly
René Lacerte, CEO and founder of Bill.com Source: Bill.com Shares of fintech company Bill.com soared a whopping 60% on its first day of trading on the New York Stock Exchange on Thursday. Bill.com, which sells software services to small- and medium-sized business to help with payment processes, was priced at $22 per share before its
Scammers, fraudsters, insider traders, Ponzi schemers, stock spoofers — the Securities and Exchange Commission has seen it all. I spent a day at SEC headquarters with the regulators Chairman Jay Clayton and the co-directors of the Division of Enforcement, Stephanie Avakian and Steven Peikin. The highlight was a visit to the Forensics Lab, a copper-lined
President Donald Trump delivers remarks at a Keep America Great Rally at the Rupp Arena in Lexington, Kentucky, November 4, 2019. Yuri Gripas | Reuters President Donald Trump is not expected to impose new tariffs on China this weekend, but he may not have much of a trade deal to show either. That promise, however,
The skyline in the distance beyond Lake Washington and Interstate 90 crossing the lake shot from a … [+] helicopter at an altitude of about 400 feet. Getty If you’re deciding on where to buy a house, you shouldn’t just consider city and state. Important things like property taxes and school districts operate on a
The Chartwell Estate Photograph by Jim Bartsch, courtesy of the Estate of Jerry Perenchio Media scion Lachlan Murdoch reportedly paid $150 million for an estate in Los Angeles’ Bel Air neighborhood, making it the most expensive home ever sold in the city. According to The Wall Street Journal, Murdoch — the eldest son of media
End-of-year rating agency national reports about local government and state trends cast a poor light on Chicago and Illinois when compared to peer governments. Chicago fares poorly in this week’s Moody’s Investors Service report about how well-positioned the 25 largest cities are to weather a recession. “Most of the largest 25 cities in the U.S.
Ripple’s investment division, Xpring, has been revamped and condensed into a single site in order to further the development of its native XRP coin. The redesigned platform will now support payment integration into any mobile application. Xpring Advancing DeFi Development The new site, which can be found at Xpring.io, offers developers a wallet, new tools,
According to CEO Alex Melikhov, Equilibrium’s EOSDT is now backed by smart contracts that pay out consumers if the dollar-pegged token crashes through its collateralized floor. Much like how America’s FDIC insures consumers’ traditional bank deposits against a run, Melikhov says these smart contracts inject certainty, and stability, in the face of “black swans.”
Zaldivar said there are still 15 projects in the RSK federation, down from 25 founding members in 2016, though he declined to specify names. If these federation members turn off their servers, with their built-in nodes, the public RSK protocol will not be able to swap bitcoin IOUs for real bitcoin. However, assuming that scenario
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, D.C., on Wednesday, June 19, 2019. Andrew Harrer | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Federal Reserve Chairman Jerome Powell said on Wednesday that
I spent a day at the Security and Exchange Commission’s headquarters with SEC Chairman Jay Clayton and the co-directors of the Division of Enforcement, Stephanie Avakian and Steven Peikin. The highlight was a visit to the Forensics Lab, a copper-lined room where the SEC extracts data from cell phones and computers that are part of
Federal Reserve Chairman Jerome Powell made it clear the central bank will not move on interest rates unless it sees a significant and persistent move in inflation, which has been stubbornly below the Fed’s target. Markets took Powell’s comments as dovish, meaning the Fed is leaning toward an easing policy and keeping interest rates low
Share to facebook Share to twitter Share to linkedin Healthfield House in London’s Highgate asks $52 million KNIGHT FRANK/SOTHEBY’S INTERNATIONAL REALTY On the eve of a general election in the United Kingdom that will almost certainly impact the direction of Brexit as well as London’s property trends (which had been on the decline), a home
CNBC’s Jim Cramer on Wednesday said the wait is over as millennials are now buying homes in larger numbers, pointing to luxury homebuilder Toll Brothers‘ earnings report for signs of proof. “After a decade of cocooning, millennials want to buy homes that represent value, which is in keeping with the way they shop for everything
Municipal bond buyers saw a chunky calendar come to life on Wednesday with issuers from Connecticut, California and Cincinnati come to market with large deals. The Federal Open Market Committee meeting yielded no surprises. In a unanimous vote, the panel left rates at a range of 1.5% to 1.75%, and offered predictions of the rate
The growth of the cryptocurrency space saw the launch of a wide range of tokens over the past few years, and one of the tokens that has been in the news over the past few months is the one belonging to the Matic Network (MATIC). Down 75% in the Past Two Days The token rose
The guidance released Wednesday includes two specific updates that the public can comment on: Any coins that the regulator approves for listing in New York can be listed by any exchange that operates in the state, as long as they provide notice to NYDFS, and the regulator will publish a model framework for coin listings
Despite having operable smart contract blockchains like Ethereum in production, projects have struggled with product-market fit for decentralized applications in recent years. The industry might simply be too early. If we look back to how “mobile applications” progressed, they didn’t really solidify into a multi-billion dollar business until their infrastructure — smartphones like iPhone and
Howard Marks, Co-Chairman, Oaktree Capital David A. Grogan | CNBC Investors should take some risk off the table in 2020 given some of the challenges the market faces, billionaire investor Howard Marks said on Tuesday. “The economic expansion and the bull market are old,” Marks told CNBC’s Wilfred Frost. “Valuations are above average. There’s a
Federal Reserve Chairman Jerome Powell holds a news conference following a closed two-day Federal Open Market Committee meeting in Washington, September 18, 2019. Sarah Silbiger | Reuters The Federal Reserve is likely to indicate it’s not in a hurry to do anything to change its neutral stand on interest rates, following its meeting Wednesday. But
Getty Feeling priced out of New York City? If you’re looking to buy a home for around $250,000, you may want to trade in your wing tips for cowboy boots. You can get six times more space in Houston for that price than in the Big Apple, according to a new report from PropertyShark. The
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