Harley-Davidson motorcycles are offered for sale at a Harley-Davidson dealership. Getty Images Check out the companies making headlines in midday trading. 3M — Shares of 3M fell 5% after the conglomerate missed Wall Street expectations on the top and bottom lines for its fourth-quarter results. 3M reported $1.95 in adjusted earnings per share and $8.111 billion
Prospective buyers and a real estate agent, center, enter a home for sale in Warren, Michigan. Daniel Acker | Bloomberg | Getty Images After cooling for much of last year, home price gains are accelerating again. Nationally, prices increased 3.5% annually in November, up from 3.2% in October, according to the S&P CoreLogic Case-Shiller National
Back in 2019, Bitcoin had been in the middle of a massive rally at the beginning of the year, and it seems that there might a repeat this year. In a new development that should come as a major boost to BTC investors, the cryptocurrency surged past $9,000 a token. It is believed that the
Under state orders, Flint, Michigan’s leaders will lay out a plan to address findings from a recent audit conducted by the city that revealed it has more than $370 million in unfunded pension legacy costs. The audit, which examined the city’s finances from July 1, 2018, through June 30, 2019, also found 12 material conditions,
Photo Source: REUTERS/Brendan McDermid. The Charging Bull statue, also known as the Wall St. Bull, is seen in the financial district of New York City, U.S. In 2019, U.S. fund investors continued to prefer passively managed funds over actively managed funds. Long-term actively managed funds (excluding money market funds) witnessed net outflows of $83.7 billion
The US Securities Exchange Commission (SEC) has requested the deposition of a representative from Kik, the former messaging app that now focuses on cryptocurrency, in its longstanding wrangle, which claims that the Canadian company violated securities laws when it carried out an ICO in 2017. On January 23, a judge in the Southern District of
Trading platform Uphold is now offering commission-free cryptocurrency trading, the company announced Tuesday. Following in the footsteps of companies like Schwab and TD Ameritrade that have made trading free of commissions for customers in the traditional markets. Uphold CEO JP Thieriot said the move was based on Uphold’s ability to net trades at a lower
Standard Chartered has invested an undisclosed sum into Contour, a Corda-based blockchain trade platform, to streamline transaction settlement processes. Contour, which rebranded from Voltron last week, recently tapped R3’s Asia chief Carl Wegner as CEO in the run-up to a full commercial launch of its digitized letter-of-credit (LoC) service, which it claims reduced processing time
American multinational sport clothing brand Nike store seen in Hong Kong. Budrul Chukrut | SOPA Images | Getty Images The deadly coronavirus, whose spread accelerated around the globe, is battering the stock market, and some U.S. companies are particularly vulnerable to the disease as their growth has been driven by Chinese consumers. Wall Street analysts
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Brendan McDermid | Reuters The Inside ETF conference is underway in Hollywood, Florida. 2,000 investment professionals have gathered to talk what’s hot, and what’s not, in investing in 2020. At a dinner last night with ETF
An employee works on a Whirlpool washing machine at the company’s operations plant in Clyde, Ohio. Daniel Acker | Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Whirlpool Corporation – Whirlpool stock briefly rose in extended trading on Monday before returning to the closing price of $148.23 after
Miami’s Hard Rock Stadium will host about 65,000 fans on Super Bowl Sunday. While the biggest battle in football will last just one evening, the fight that stadium faces from the effects of climate change will go on indefinitely. It is not alone. Teams and stadiums across country are dealing with flooding, extreme storms, excessive
Puerto Rico’s legislature may prove to be a roadblock to the debt restructuring deal for the island’s electric utility. Since early September about 90% of bondholders and insurers have signed on to support the Puerto Rico Electric Power Authority restructuring, according to the Puerto Rico Oversight Board. “At least the base case understanding of PREPA’s
One thing the ETF industry is known for is its product innovation. Investors can deploy their capital in just about any sector, region, niche or investment strategy they can think of. Yes, some of these are too niche and poorly thought through, but there are enough good quality choices out there that you can now
Tether has launched a new stablecoin backed by physical gold reserves called Tether Gold (XAU₮), according to a press release published on January 23. One coin will be equal to one troy fine ounce of physical gold, currently worth approximately US$1,550. Tether Gold is available as a TRC20 token on the TRON blockchain as well
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Ukraine’s financial watchdog intends to track crypto transactions exceeding $1,200, according to the head of the country’s Ministry of Finance, Oksana Makarova. For the first time, Ukrainian anti-money laundering law includes crypto as an asset to be monitored, among others. The threshold for triggering the scrutiny process is 30,000 Urkainian hryvnia (UAH), or $1,200. “If
Shannon Stapleton | Reuters Peloton Wedbush recently initiated coverage of the exercise equipment maker with an outperform rating and believes the sky’s the limit for the company. The firm called Peloton’s business an “enduring force” and is bullish on the company’s ability to hold and retain customers in its subscription business. “Today, this business is
On the surface, the growth story for exchange traded funds continues: The U.S. ETF business ended 2019 with $4.4 trillion in assets under management, a 30% increase from 2018, according to etf.com. The number of ETFs also increased 8%, to 2,302. Thanks to the continuing growth of two hot trends — environmental, social and governance,
The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Boeing — Boeing’s stock turned negative on the day after CNBC confirmed the aerospace giant is considering an added cut to the production of its 787 Dreamliner
Signage is seen at the entrance of the WeWork offices on Broad Street in New York. David ‘Dee’ Delgado | Bloomberg | Getty Images WeWork has sold its business management software company Teem and its minority stake in co-working start-up The Wing, the company announced Wednesday. Artie Minson, co-CEO of WeWork, said in a press
Four fiscally strained hospitals on Chicago’s South Side would join forces to form a new system under a proposal that calls for $1.1 billion in capital spending on new facilities before any existing facilities close. The announcement marks a twist in the ongoing consolidation of the not-for-profit healthcare sector. Big systems have swallowed up struggling
Punctuated by the strongest housing starts number since 2006, the U.S. housing market continues to be one of the brightest spots in the economy, thanks to lower mortgage rates and robust jobs market. Similarly, mortgage applications according to the MBA jumped more than 30% week over week, the biggest increase since 2015: Source: Census Bureau,
VANCOUVER , Jan. 23, 2020 /CNW/ – LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in digital freight and logistics platforms as well as payment solutions, is pleased to announce the full software-as-a-service (SaaS) Subscription Model of its 1SHIFT Logistics platform. This new SaaS model allows shippers, carriers, and fleets to seamlessly self-register and self-onboard
The World Economic Forum has created an international consortium to design a governance framework for cryptocurrencies, including stablecoins. Announced Friday, the consortium seeks to bring together financial institutions, government representatives, developers and other members of the global community to determine what sort of governance around cryptocurrencies can best further the goal of financial inclusion. Digital
The best Sundays are for long reads and deep conversations. Earlier this week, the Let’s Talk Bitcoin! Show gathered to discuss Lightning Network technology and two innovative approaches at the wallet level which simplify the new-user experience at a tangible, but seemingly minimal cost. Subscribe to the new CoinDesk Podcast Network for fresh, insightful episodes
Mike Rasnic sits on the front porch of his home which is surrounded by floodwater on March 22, 2019 in Craig, Missouri. Scott Olson | Getty Images The risks of climate change are already impacting investors, with increasingly frequent climate disasters like wildfires, drought, flooding and heatwaves threatening business operations and properties across the world.
A key interest rate is moving to levels last seen in the fall when markets were worried about the trade war, and that falling yield may be a warning signal. Investors have been buying bonds big time this week amid fears the coronavirus could spread and impact the global economy. Yields move opposite price, so
Alex Reading, 29, and Abhi Sanka, 25 were complete strangers when they each toured a 5 bedroom home in Arlington, VA a little over a year ago. But they decided to move in together, along with three other complete strangers. All of them had answered ads to rent one room in the home and share
With demand for municipal securities at an all-time high and cash continuing to flow into the market, one would think there would be more issuance. IHS Ipreo is estimating supply will come in at $5.53 billion, in a calendar composed of $4.41 billion of negotiated deals and $1.12 billion of competitive sales. There are 17
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