Over the past few years, Telegram has become an important part of the crypto ecosystem due to its use as a communication platform for traders as well as market enthusiasts. Hence, it did not come as a complete surprise when the encrypted messaging service platform announced the launch of its own blockchain, the Telegram Open
Denver money manager Fred Taylor of Northstar Investment Advisors. Source: Northstar Investment Advisors Managing investments in a year fraught with headline risks requires a sound strategy and the conviction to stand by it, but also the flexibility to take advantage of fast-changing market conditions. Denver money manager Fred Taylor has long focused on companies that
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
The Norman Lykes House sits on the edge of the Phoenix Mountains Preserve. Heritage Auctions, HA.com Frank Lloyd Wright’s final residential masterpiece, the Norman Lykes House, sold for $1,677,500, at a public auction October 16 in Phoenix. Nicknamed the Circular Sun House, the iconic contemporary home was auctioned off by Heritage Auctions with no minimum
A woman enters the WeWork Cos. Iceberg co-working space in Tokyo, Japan. Keith Bedford | Bloomberg | Getty Images Last year WeWork boasted of becoming the biggest private tenant in Manhattan, London and Washington, D.C. Those feats have now become an albatross, and WeWork’s biggest investor, SoftBank, is scrambling to keep the co-working space provider
Puerto Rico’s Oversight Board said there may less money to pay bondholders than it has projected and Puerto Rico’s $18 billion in bank accounts allows for no additional money to pay bondholders. The board made these arguments in two documents it made public on the Electronic Municipal Marketplace Access web site Thursday night. The documents
Here are the weekly charts for the gold, commodities and the dollar ETFs. The gold ETF tracks the spot price of gold and is said to be backed by gold bars in vaults in London. SPDR Gold Trust ETF (NYSEARCA:GLD) Courtesy of Refinitiv XENITH The gold ETF ($140.46 on Oct. 18) is up 15.8% year
The cryptocurrency space has come a long way over the past five years, and one of the more important members of a growing ecosystem has been the global crypto exchange Huobi. The company has done a lot to increase awareness about the crypto sphere and in turn, has been one of the biggest contributors towards
Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19, 2016. Victor J. Blue | Bloomberg | Getty Images Billionaire investor Carl Icahn is moving his
Check out the companies making headlines before the bell: American Express – The financial services giant earned $2.08 per share for the third quarter, 5 cents a share above estimates. Revenue also came in above analysts’ forecast. American Express also forecast current-quarter revenue growth of 8% to 10%, compared to a consensus estimate of 8.9%.
Share to facebook Share to twitter Share to linkedin Michael Jordan’s Utah retreat features panoramic views of the Glenwild Golf Course and Wasatch … [+] Mountains. Realtor.com Michael Jordan now has two luxury homes on the market. In addition to his Chicago-area home, which has been on the market for over seven years, Jordan recently
Carrie Lam, Hong Kong’s chief executive, speaks during a news conference in July 2019 in Hong Kong, China. Anthony Kwan | Getty Images News | Getty Images Hong Kong politician and businessman Bernard Chan said that the violence in Hong Kong “has to stop,” as the city prepares itself for another weekend of mass protests.
Although the supply/demand ratio is still lopsided, the recent supply surge has brought more balance in the muni market, causing rates to rise across the board and spreads to widen. However, muni investors will find good market entry points over the next couple of weeks. The market is expected to see around $12 billion of
In this article, we examine the significant weekly order flow and market structure developments driving XLE price action. As noted in last week’s XLE Weekly, the primary expectation for this week’s auction was for price discovery higher following last week’s re-test of key support. This week’s primary expectation did not play out as a failed
Libra, the underfire planned cryptocurrency led by Facebook (NASDAQ:FB), has been dominating headlines in the world of crypto for all the wrong reasons. Regulators on both sides of the Atlantic have been staunchly opposed to the development of the coin, labeling it a threat to the economic and monetary sovereignty of nations. However, in a
Pimco founder and bond industry legend Bill Gross is done with his previous life running huge investment bonds and making market headlines. But that doesn’t mean he’s done as an investor. Instead, the one-time “bond king” is putting money to work for his own sake rather than running what was once the world’s largest bond
Binance’s futures exchange is raising leverage to 125x with the launch of bitcoin (BTC)/tether (USDT) contracts today. The cryptocurrency exchange first announced its futures platform in early July, at the time hinting it would allow 20x leverage. Now, futures traders can now choose leveraged positions between 1x and 125x, it said Friday. “We have seen an increase
In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table on July 13, 2018 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading: Coca-Cola — Shares of Coca-Cola jumped more than 2.5% in midday trading after the beverage
Once seven stories tall, the Queen Anne Winchester Mystery House has been whittled down to three … [+] stories. (Photo by: Education Images/Citizens of the Planet/Universal Images Group via Getty Images) Universal Images Group via Getty Images After her husband died in 1881, Sarah Lockwood Pardee Winchester was one of the wealthiest people in the
Real estate mogul Barry Sternlicht told CNBC on Friday that while WeWork has had its failures, there’s still a real business to be found at its core. “This company got a little off of the rails,” said Sternlicht, chairman and CEO of investment firm Starwood Capital, which has about $60 billion in assets under management.
BondWave LLC is making enhancements to its Engine for Fixed Income platform, expanding content and functionality for its users. The firm said the upgrades to its Effi platform offer users new levels of transparency and insights by using data science and emerging technology. BondWave LLC is an Illinois-based financial technology company that specializes in fixed
Investment bankers are not the only ones that can benefit from merger arbitrage. Often considered a sophisticated hedge fund strategy, merger arbitrage involves simultaneously purchasing and selling the stocks of two merging companies to create limited market-neutral profits. A merger arbitrageur reviews the probability of a merger not closing on time or at all, and
Goldman Sachs CEO David Solomon said Thursday that the company is just starting to build out its consumer-facing digital banking offerings. “We’re building for the long term. I feel good about the progress that we’re making,” the Goldman chief said in an interview with CNBC’s Wilfred Frost. “I think we’re in the early stages of
Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money. The aim of the proposed currency would be to mitigate the “direct threat” posed by cryptocurrencies to the economic sovereignty of governments and central banks, an issue that
Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley Check out the companies making headlines in midday trading: Netflix – Shares of the streaming service rose 3.4% after Netflix reported mixed third-quarter earnings results, beating Wall Street’s expectation for earnings and international subscriber growth but just missing on both revenue and domestic subscriber growth.
150 Woodland Road Douglas Elliman The founder of sneaker giant Reebok has relisted his dream home in Massachusetts. Paul Fireman, together with his wife Phyllis, built their stately mansion at 150 Woodland Road (dubbed “Woodland Manor”) in 1999 on seven acres in the Boston suburb of Brookline, with the help of the international architecture firm
Brian Chesky, CEO and co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. Mike Segar | Reuters Airbnb, the room-sharing site that plans to go public next year, has more than $3 billion on its balance
California rode a wave generated by two recent rating upgrades to draw close to a dozen bids on each tranche of a competitive deal to achieve true interest costs of 2.40% on a $1.14 billion taxable sale of general obligation bonds. Fitch Ratings upgraded the state’s general obligation bonds in August to AA from AA-minus
Investment thesis Since our last release on the S&P GSCI Unleaded Gasoline Index Excess Return (SPGSHUP), our view has not emerged, as the Index appreciated slightly, up 2.69% to $967.05 per barrel. In spite of that, we maintain our bearish recommendation and believe that this technical pullback will not last, given that the U.S. storage
In this photo illustration, an ‘Impossible Whopper’ sits on a table at a Burger King restaurant on April 1, 2019 in Richmond Heights, Missouri. Burger King announced on Monday that it is testing out Impossible Whoppers, made with plant-based patties from Impossible Foods, in 59 locations in and around St. Louis area. Michael Thomas |