Leon Cooperman Scott Mlyn | CNBC Billionaire investor Leon Cooperman told CNBC on Wednesday that he’s not purchasing any new stocks right now because the bull market is so advanced. “We have not really added anything new to a lot of things we have,” the Omega Advisors chairman and CEO said on “Fast Money Halftime
Month: July 2019
Traders work on the floor at the New York Stock Exchange, June 5, 2019. Brendan McDermid | Reuters Tuesday marks the halfway mark — more than half of the S&P 500 has reported second half earnings. The good news: 1) Second quarter earnings are providing few surprises — earnings are beating estimates by the usual
Apple CEO Tim Cook greets customers as they prepare to purchase a new iPhone X at an Apple Store on November 3, 2017 in Palo Alto, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Share of Apple rose more than 4% in after-hours trading after the tech giant reported
The US-based crypto exchange Kraken is rolling out new funding options for five major fiat currencies. In order to do so, the exchange has partnered with Etana Custody. Let’s check this out. Kraken’s New Funding Options Yesterday, July 29, the crypto exchange put out an official announcement saying that it will offer new funding options
Bitcoin wallet and blockchain explorer provider Blockchain just launched its first exchange platform. Blockchain’s head of retail products, TD Ameritrade alum Nicole Sherrod, told CoinDesk the custodial exchange, called the PIT, can connect to non-custodial Blockchain wallets for nearly instant transfers. Registration opens today, with the ability to trade up to 26 assets rolling out over
Minted x Samsung Lyrical by Sarah McInroe Minted In recent years, television technology has rapidly improved. Screens are clearer and larger. Colors are truer and brighter. Units are thinner and designed to be to less obtrusive. But no matter which make and model you choose, whether it is sitting on top of an entertainment center
A realtor, right, walks with potential home buyers as they tour the property of a home for sale in Sparland, Illinois. Daniel Acker | Bloomberg | Getty Images The recent weakness in the housing market could be turning around, thanks to a steep drop in mortgage interest rates. Consumers signed more contracts to buy existing
Bitcoin has retaken the $10,000 psychological level after coming under bearish pressure in recent weeks. The spike comes hot on the heels of growing optimism that Facebook’s Libra will make its much-awaited entry into the sector, in the first half of next year. The unveiling of Libra is of great importance as it is poised
Preston Hollow Capital LLC’s private lending business tanked after Nuveen warned banks to shun the firm or lose its business — a threat Nuveen says was exaggerated simply to get bankers’ attention. Those were the positions staked out as the conflict between the Chicago-based investment powerhouse and the newer and smaller Texas-based purveyor of direct
This article was first released to CEF/ETF Income Laboratory subscribers 2 weeks ago, so data may be out of date. Please check the latest data before making investment decisions. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in
Mario Gabelli Scott Mlyn | CNBC Shares of RPC, Inc., a small oil and gas company based in Atlanta, jumped following positive comments from billionaire investor Mario Gabelli. “I’ve been following it for 50 years,” Gabelli told CNBC’s “Halftime Report ” of the stock, which closed Monday at $5.54 a share. “If you look at
Packages of Beyond Meat plant-based burger patties are displayed for a photograph in Tiskilwa, Illinois, April 23, 2019. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Beyond Meat fell 13% in after-hours trading after the company announced a secondary offering of 3.25 million shares. The
Over the course of the past few years, Litecoin (LTC) has firmly emerged as one of the more popular altcoins in the crypto sphere, but the token is slowly but surely approaching a day of reckoning as the much talked about halving is going to take place soon. The halving is going to reduce the
The European arm of Japan-based cryptocurrency exchange bitFlyer has launched a bitcoin buying and selling service aimed to be easier to use than spot trading exchanges. BitFlyer Europe announced the news on Tuesday, saying the new trading platform targets people wanting “a simple way to buy and sell bitcoin, from total beginners to experienced traders.”
The Castle, asking $75 million Unvarnished “I’m not a big fan of walking through the front door and giving up the water right away,” says designer Scott Gillen. He’s referring to the design intent behind his latest project, The Malibu Series—a collection of 12 homes throughout Malibu which total over $500 million in combined asking
Once again, Bitcoin price has fallen below $10k per coin. The largest digital asset by market cap has shocked investors in the last few months with rallies that saw the coin reach highs of over $13,500 in value. The surge in price has led to multiple discussions on Bitcoin’s future potential as it once again
View Bitcoin’s three-day chart is reporting a golden cross, a long-term bull market indicator, for the first time since February 2016. A similar crossover seen six months ahead of the August 2016 mining reward halving paved way for a mega bull run. History may repeat itself with mining reward halving due in less than 12
The muni market will slow down this week, as all markets and investors are waiting to see how much the Fed will cut interest rates on Wednesday. Will it be 25 basis points or 50? Volume is tempered this week due to the scheduled Federal Open Market Committee Meeting but at an estimated $4.9 billion
As you can see in the following table, the performance of the ProShares Ultra VIX Short-Term Futures ETF (UVXY) has performed fairly poorly for several years. In this article, I will explain exactly why UVXY has such poor performance, as well as point out specific catalysts that suggest further above-average downside is in the cards
Traders Gregory Rowe (R) and Peter Tuchman work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Drew Angerer | Getty Images The third time is “not the charm” for a S&P 500 breakout, according to Morgan Stanley. Despite the S&P 500
Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on “Monetary Policy and the State of the Economy” in Washington, July 10, 2019. Erin Scott | Reuters The Fed is expected to move ahead to cut interest rates by a quarter point Wednesday after second quarter GDP shows inflation is still
On July 24, Ripple Labs Inc., the company behind XRP, released its Q2 2019 report, which revealed that it had sold over $250 million in XRP in the quarter. The report outlines Ripple’s strategy of selling XRP going forward as well as focusing on establishing legit trading volume data. Ripple Reports 48% Quarter-to-Quarter Increase in
View Bitcoin dipped to $9,111 over the weekend, forming a bearish candle, despite a quick bounce back above $9,600. For the sixth day in a row, prices continue to trend below the 50-period moving average – an indication the bears firmly control the short-term trend. The daily and weekly RSI and the “awesome” oscillator are
Villa Montana, Joe and Jennifer Montana’s secluded compound, just listed for $28.9 million. Paul Rollins Hall of Fame NFL quarterback Joe Montana threw for 40,551 yards in his legendary football career. But that pales in comparison to the 500-acre Napa Valley equestrian estate he’s tossing onto the market (after all, 40,551 yards only amounts to
Bitcoin (BTC) may have been on a superb run for much of 2019, but in July, the cryptocurrency has run into trouble as a range of factors contributes towards wild price fluctuations. The launch of Facebook’s Libra and the skepticism expressed about it by such powerful figures like the head of the Federal Reserve, Jerome
The creditworthiness of the U.S. government will be intact for two years and the flow of federal aid to state and local governments will be assured under the two-year budget deal expected to be approved by the Senate and sent to President Trump for his signature. Speaker Nancy Pelosi, D-Calif., at her weekly news conference
A number of years ago I started covering closed end funds which were managed with one of my favorite investment mandates, “multi-asset” funds. The reason for why is simple. For retail investors, quite often we will have the time to dedicate to due diligence and then life gets in the way. Unfortunately, even though investors
A trader on the New York Stock Exchange. Brendan McDermid | Reuters Critics of passive investing argue it is inflating the prices of high-flying stocks such as Amazon and creating a bubble in those names. However, data compiled by Ned Davis Research shows the bubble may be forming elsewhere. The firm found that real estate
Traders work beneath a monitor displaying Halliburton Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 2, 2016. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Starbucks — The coffee company’s stock jumped 7% after Starbucks announced earnings
In 2017, during the cryptocurrency bubble, a number of projects launched tokens for a wide range of payments. It was easy because what was needed to raise millions of dollars through an initial coin offering was just an idea. During the period, Ethereum and its native token Ether (ETH) reached a record high because of
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