iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max Todd Haselton | CNBC J.P. Morgan raised its price target on Apple’s stock Monday, expecting the company’s shares will rise 21% as sales of its new line of iPhone are “stronger than muted expectations.” “We are modestly raising our iPhone volume forecasts and expect investor sentiment
Month: September 2019
Crypto industry leaders are taking the initiative to help firms in the space avoid falling foul of securities rules. In a company blog post, Coinbase announced it’s co-founded the Crypto Rating Council, a member-only organization purposed with assisting cryptocurrency companies determine if they comply with current U.S. federal securities law. Coinbase is joined at launch by
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Bed Bath & Beyond — Shares of Bed Bath & Beyond jumped 7% after WedBush upgraded the home goods retailer to outperform from neutral, saying the revamped board of
Vancouver, British Columbia–(Newsfile Corp. – September 30, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) has released and filed its financial statements and MD&A for the nine months ended July 31, 2019. The Company is excited by these financial statements as they support what the Company has previously stated in its
The four-story villa spans 3,000 sq m over a 6,000 sq m private park. Marbella.co.uk A ten-bedroom villa off Marbella, Spain, has just been put on the market with a €40 million ($44 million) price tag – one of the most expensive ever in the area. The luxury mansion, which sits in Sierra Blanca, a
September has been a rough month for bitcoin and the wider cryptocurrency market, but ether has weathered the storm better than most. Bitcoin, (BTC), the leading cryptocurrency by market value, is on track to post a monthly loss of more than 16 percent – the biggest since November 2018, according to CoinMarketCap. As of writing,
Fluor Corp., one of the nation’s largest players in public-private partnerships, aims to reduce risk exposure on infrastructure projects as it sells $1 billion of assets under a new strategic plan, officials said. “Fluor Corporation has had rough times in its 107-year history, but has always come through those and emerged stronger than before,” executive
With high-yield safe-haven sectors like Utilities and Real Estate leading the market I thought it was time for me to take a peek at the CEF universe to see what kind of high-yield opportunities I could dig up. For this analysis, I have created a sampling of closed-end funds in four groups. Within each group,
Charles Scharf Qilai Shen | Bloomberg | Getty Images Three decades before Charlie Scharf was named CEO of Wells Fargo, he got his start by mailing his resume to an up-and-coming banker named Jamie Dimon. Scharf was a senior at Johns Hopkins University when Dimon hired him at Baltimore lender Commercial Credit. That move proved
Nearly all top 10 alternative cryptocurrencies by Market Capitalization have hit their respective 6-month lows after bitcoin’s rapid price slide dragged the rest of the markets into the red on Tuesday. Litecoin (LTC), EOS (EOS), Binance Coin (BNB), and Stellar (XLM) dropped to their lowest point in over 6-month shortly after BTC’s major sell-off forced traders
Traders work on the floor of the New York Stock Exchange (NYSE) on January 6, 2016 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines midday Friday: Alibaba, JD, Baidu — Shares of Chinese companies include Alibaba, JD.com and Baidu plunged as much as 6%
One of the most important factors behind the growth of the cryptocurrency space is the existence of mega crypto exchanges. It has made it possible for more and more people to get involved in space and the biggest one is Binance. Today, the company made another landmark announcement. The crypto exchange announced today that it
Aerial view of houses on the Hollywood Hills in Los Angeles, California, USA. Getty Some of the hottest reality shows today focus on luxury real estate in Los Angeles. Showcased are both multi-million dollar properties and the successful agents who sell them. In Los Angeles where there are likely more luxury real estate agents per
A prolonged Michigan budget battle would hit the state’s charter schools the hardest, according to S&P Global Ratings. The Republican-led Michigan legislature approved $59.9 billion in state spending in budget bills while axing a controversial 45-cents-a-gallon fuel tax hike proposed by Gov. Gretchen Whitmer, setting the stage for a budget battle. Charter schools are vulnerable
Over the last week, shares of the ProShares K-1 Free Crude Oil Strategy ETF (OILK) have dropped in line with the larger moves of the crude markets with a fall of about 5%. It is my belief that this drop in the price of OILK represents a buying opportunity for investors in the ETF and
Recent highly publicized flops by supposedly disruptive companies could be painting an unpleasant picture ahead for innovation, at least in how it’s viewed in the financial markets. Investors have turned thumbs-down on high-profile companies including WeWork, Uber and Tesla. Industries including marijuana, vaping and bitcoin all have seen big price drops following a spate of
Bitcoin (BTC) is like any other asset class in that it captures value through organic price discovery conducted via trading activity on global exchanges. Yet leverage and margin trading, in general, can help “turbo-charge” demand for an asset. They can also free up capital, thus increasing liquidity within a given market as traders look to
The third quarter wraps up in the week ahead with stocks just slightly higher for the period, after a summer of zigzag moves. The market faces some of the same challenges in the final quarter of the year, including Brexit, the trade war with China, sluggishness in the global economy and the impeachment inquiry into
Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures. Blockchain-Based Identity Technology Evernym was founded in Salt Lake City in 2013 and has developed a blockchain-based technology that allows organizations and governments to issue, accept, and verify credentials that operate similarly to a digital passport. Its
Buyers of one of the four penthouses at The Broad Exchange Building receive a key to one of the … [+] private lockers at the Harry’s Reserve Chamber Club. Eric Medsker There is a waiting list for the 32 private liquor lockers in the Harry’s Reserve Chamber Club, a members-only rare spirits chamber run by
The number of new housing starts has surged in recent months, and the trend is being powered in part by an unlikely bunch — millennials, Sheryl Palmer, CEO of homebuilder Taylor Morrison, told CNBC on Thursday. Consumers are “changing their relationship with homeownership” and it’s evident in the increase of the number of people who
In the first half of the year, Bitcoin (BTC) went on a remarkable rally that raised hopes of a similar rally like the one in 2017 that took the token’s price to $20,000. However, things have not gone as many had hoped, and since the month of July, the world’s biggest cryptocurrency has lost its
The Federal Aviation Administration awarded $986 million in grants this week in the fifth dispersal from a $3.18 billion program aimed at renovating the nation’s airports to improve safety. More than 350 airports in 44 states, Micronesia, and Puerto Rico were awarded grants, the majority less than $1 million. Construction and rehabilitation projects will help
For the fourth week in a row, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $27.3 billion for Lipper’s fund-flows week ended September 25, 2019. Fund investors were net purchasers of money market funds (+$37.8 billion), municipal bond funds (+$1.6 billion), and taxable fixed income funds (+$427
People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019. Anton Vaganov | Reuters This has been a tough week for bitcoin. The world’s first and largest cryptocurrency plunged more than 20% over seven days, hitting a low of $7,757 Friday — its lowest level since
Binance, the top crypto exchange by trading volume, has said it helped British police bust a cybercriminal who sold phishing tools that resulted in the theft of millions of pounds. In a blog post on Thursday, Binance chief compliance officer Samuel Lim said that the exchange had worked with the Metropolitan Police Service’s Cyber Crime Unit in the
The disappointing debut of Peloton is part of a larger problem: sky high valuations and money losing companies. The at-home fitness company priced at $29, the high end of the $26-$29 range, opened at $27, and closed at $25.76. First SmileDirectClub, than WeWork, then Peloton, then Endeavor, which reportedly shelved its IPO plans less than
The Federal Reserve has used open market operations to soothe the short-term funding market, and now its temporary fix faces a test as the third quarter ends. The Fed has used overnight and 14-day market operations to stabilize the repo market, used by financial institutions to fund themselves on a short term basis. The Fed
Vancouver, British Columbia–(Newsfile Corp. – September 26, 2019) – NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) (Frankfurt: 26N) (“NetCents” or the “Company”) today announced the closing of a non-brokered private placement financing (the “Financing“) of 500,000 units of the Company (each, a “Unit“) at a price of CDN$0.45 per Unit, with each Unit being comprised of one common
A Sonder living room. Sonder As Airbnb prepares to become a publicly traded company in 2020, the home-sharing marketplace is signaling a huge appetite for high-quality supply. It’s a move from helping everyday homeowners build small businesses to also propelling a handful of professionals to large ones. Startups have appeared with offerings ranging from a
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