Uber CEO Dara Khosrowshahi (center) joins other employees in ringing the Opening Bell at the New York Stock Exchange (NYSE) as the ride-hailing company Uber makes its highly anticipated initial public offering (IPO) on May 10, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making
Satoshi Nakamoto is the alias used by a person or group who authored the Bitcoin whitepaper. Satoshi is the creator of the first release of the Bitcoin protocol and blockchain database. The alias was used in email and forum correspondence from August 2008 through April 2011. History Satoshi’s first appearance in the world was the
The liquidators of failed New Zealand crypto exchange Cryptopia have released their first report on the firm’s financial situation, revealing that it owes over US$2.738 million to creditors. The appointed liquidator Grant Thornton New Zealand published its report Friday, saying that 69 unsecured creditors are owed at least $1.37 million and secured creditors over $912,000, with an expected
Aerial view of Fisher Island Courtesy of Palazzo Del Sol Bloomberg’s recent rankings of the five richest zip codes according to average annual income put exclusive Fisher Island just 3 miles across Miami’s Biscayne Bay at the top of the list. The island even boasts a fully accredited private school, The Fisher Island Day School
The euro area is at risk of a new real estate bubble as a result of expansionary monetary policy from the European Central Bank (ECB), Commerzbank analysts have warned. The ECB council meets on Thursday June 6, and is likely to decide on the details of the third edition of its targeted longer-term refinancing operations
Bitcoin’s price peaked above $9,000 for the first time in over a year earlier today, but the rally was short lived as its price returned below $8,600 just minutes later. At 16:00 UTC, the world’s largest cryptocurrency jumped 4.6 percent from today’s UTC opening price of $8,681 and climbed as high as $9,084 – its
The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.74% from 3.75% the week before. The Bond Buyer’s 20-bond GO Index of 20-year general obligation yields fell five basis points to 3.51% from 3.56% the week before. It is at its
VanEck Vectors Gold Miners ETF (NYSE:GDX) is the largest and most liquid exchange traded fund tracking the performance of equities in the gold mining industry. It’s been a difficult couple of years amid a decade-to-forget for gold miners and precious metals in general. Looking back at the global commodity bust from 2011, the spot price
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters China’s threat to curb exports of rare earth minerals to the United States could move the needle in an escalating trade war as the world’s two largest economies continue to jockey for leverage.
It seems that cryptocurrencies are nearer and nearer to mainstream adoption with each day. In the latest crypto development, Microsoft Excel has added a Bitcoin symbol to the spreadsheet for use when entering financial data. This is a big leap for Bitcoin acceptance. Microsoft Adds Bitcoin Symbol to Excel This move from Microsoft is a
Most of the week’s largest deals came into a stronger market on Wednesday, as the U.S. municipal fixed income market was hitting on all cylinders. Modest domestic economic growth, reasonable inflation, lackluster new-issue supply and sound fundamentals continue to drive investors into the tax-exempt bond market, according to Rob Amodeo, portfolio manager, at Western Asset.
A general view of the atmosphere at the TommyXZendaya collection launch event at the Tommy Hilfiger store on March 3, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Tommy Hilfiger) David M. Benett | Getty Images Entertainment | Getty Images Check out the companies making headlines after the bell: Shares of
27.3 Million Share Buyback Expected to Add Significant Value to Shareholders Green Growth Brands Inc. (CSE:GGB) (OTC:GGBXF), a company that has been at the forefront of every major financial publication after announcing a hostile takeover bid of Aphria in December, has recently announced a buyback of 27,300,000 common shares held by GA Opportunities Corp. The
View With 63 percent month-to-date gains, BTC looks set to register its longest monthly winning run since August 2017. The falling channel breakout seen on the monthly chart favors a rally to key Fibonacci resistance of $9,442. BTC has pulled back from one-year highs hit earlier this week. The cryptocurrency, however, remains on the hunt
It may not feel like it, but China and the U.S. are in the midst of a cold war. According to a CNBC report, the global technology sector is completely dependent on 17 rare metals that are mostly mined in China. Now the Chinese are hedging about supply. It’s what countries do when they are at war.
A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images Lower mortgage rates aren’t enticing homebuyers much, as the spring housing season draws to a close. Total mortgage application volume fell 3.3% last week compared with the previous week, according to the
So I previously wrote about a few funds dedicated to investing according to religious values. There are also funds dedicated to investing according to social values. The iShares MSCI Global Impact ETF (SDG) is one such fund that is dedicated to investing according to the United Nations’ Sustainable Development Goals. These goals are related to
Defense Department’s Patrick Shanahan, before he was tapped by President Donald Trump to serve as the department’s Acting Secretary Department of Defense The Pentagon presented a report to Congress on rare earth minerals in an effort to reduce reliance on China, according to a Reuters report. “The department continues to work closely with the president,
The Puerto Rico Oversight Board said Tuesday that its fiscal year 2020 budget is aimed at preparing the island government to resume debt payments. In a press conference Executive Director Natalie Jaresko said that the board’s $9.1 billion budget would contain spending enough to produce a surplus in the coming fiscal year. Similar spending levels
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on October 27, 2014 in New York City. Stocks were lower in morning trading. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of Workday seesawed in extended trading on
Bitcoin predictions run riot in the cryptocurrency sphere, never more so than when Bitcoin goes on a bullrun. Considering the original cryptocurrency has grown over 65% this month, it’s safe to say that it is currently on a major one. We’ve recently heard bullish calls from cryptocurrency hedge fund manager Brian Kelly. He stated that
View Bitcoin has formed a bull flag pattern on the hourly chart in the last 24 hours. A break above $8,890 would confirm a bull flag breakout and create room for a rally to $9,940 (target as per the measured move method). On the way higher, BTC may face resistance at the key Fibonacci level
IKEA’s new Manhattan Planning Studio Andria Cheng When home-furnishings giant IKEA in April opened its first smaller U.S. city-center format, dubbed Planning Studio, in Manhattan’s Upper East Side, the Swedish chain said that’s one telling example of how it’s reaching customers in “new ways that are more accessible and more personalized.” Accessible it is for Karima Rustin,
Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California. Getty Images National home prices rose 3.7% annually in March, down from 3.9% in February, according to the S&P CoreLogic Case-Shiller home price index. Prices had been seeing double-digit annual gains, but they are gone. The largest annual
Over the last month, the iPath S&P Crude Oil Total Return Index ETN (OIL) has fallen by over 10% in a consistent and strong collapse of price. For investors following the market, the headlines have pointed out that trade talks, coupled with unusually low demand, have resulted in a burgeoning oversupply situation which is hampering
Amazon Web Services at the 2019 CERAWeek in Houston, TX. Mary Catherine Wellons | CNBC Amazon‘s stock could be worth $2,500 a share in one year, Cowen said, valuing its Amazon Web Services business at a whopping $505 billion. Cowen raised its 12-month price target for Amazon to $2,500 from $2,400, which would translate into
View Bitcoin has retraced slightly from the one-year high of $8,940 reached earlier today. Any pullbacks could be short-lived, however, as buying pressure is currently the strongest in over five months, according to a weekly chart indicator. A pennant breakout on the daily chart indicates scope for a rally to $10,000 in the near-term. On
The muni market is winding down to a pause for the long holiday weekend and when the market opens back up Tuesday, big deals will be few and far between, but the market will continue its run. “The holiday week provides a temporary pause, but I expect volume to continue to be on the low
Check out the companies making headlines before the bell: Foot Locker — The athletic footwear and apparel retailer reported adjusted quarterly profit of $1.53 per share, missing estimates by 7 cents a share. Revenue also came in below forecasts, and a comparable-store sales increase of 4.6% was below the 5.1% estimate of analysts surveyed by
The digital wallet industry has grown exponentially in recent years, reaching $100 billion USD in 2017. Analysts expect growth to continue, reaching a whopping $250 billion by 2024, propelled by attractive discounts and enticing cashback offers. One company that has created an impressive mobile wallet that offers a ton of great features is LiteLink Technologies Inc.