Month: October 2019

Traders work, as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange, October 30, 2019. Brendan McDermid | Reuters October is ending strong. Here’s what’s next. The market is closing out October from a position of considerable
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Metal worker Andy Mattingly operates a siphoning crucible in the pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters An update on manufacturing activity Friday could provide a much more useful picture of the economy than the October employment report, which is expected to be unusually weak due
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Micahel Turchin and Lance Bass at the launch of Dirty Pop at Mondrian Los Angeles. www.startraksphoto.com/SBE While design has been of the utmost importance for restaurants, hotels, and nightclubs, in recent years, its emphasis has increased exponentially because of social media. When ordinary customers, influencers and celebrities are going to take photos and share it
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The Securities and Exchange Commission’s Fixed Income Market Structure Advisory Committee will discuss issuer disclosure and machine-readable technology at a meeting next week. FIMSAC will meet Nov. 4 at the SEC’s New York Regional Office to discuss structured disclosures by municipal issuers and other topics, according to an agenda released Thursday. “I could not be
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Investment thesis In our last release on the S&P GSCI Heating Oil Index Spot (SPGSHO), our bullish view on the complex emerged slightly and the Index gained 2.72% to $237.33 per share, following a tightening of distillate fundamentals. Going forward, the distillate storage picture is still favorable for the complex, given that U.S. storage is
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Ripple has invested in a $2.2 million USD seed funding round by London-based cybersecurity startup Keyless via its investing division, Xpring. Keyless claims to be the first company in the world to combine biometrics with secure multi-party computation. Xpring was launched in 2018 with the intention of enabling the Internet of Value, an online ecosystem allowing for
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View Bitcoin looks set to post the first monthly gain since June. The percentage rise, however, may be less than 10 percent as the daily chart is reporting signs of buyer exhaustion. A triangle breakdown on the hourly chart, if confirmed, could yield a pullback to support at $8,820. A high-volume contracting triangle breakout will
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As expected, the Federal Open Market Committee cut the fed funds rate target 25 basis points to a range of a 1.50% to 1.75%. “This action supports the Committee’s view that sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective are the most likely outcomes, but
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Chinese state-owned media are attempting to quell the rush into crypto stocks following President Xi’s statement to “seize the opportunity” afforded by blockchain. State-backed agencies are publishing material meant to encourage “rational” investments, amid this surge in speculation in blockchain and fintech firms, Reuters reported Tuesday. On Monday, over 100 public fintech companies – tied
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Berlin-based Alicja Kwade’s first permanent public installation in the United States, “Absorption,” … [+] is located at Avery Lane in San Francisco’s Transbay neighborhood. STUDIO PHOCASSO SAN FRANCISCO, Calif. – Related California recently unveiled the first permanent public art installation in the United States for Berlin-based artist, Alicja Kwade. The installation was commissioned for The
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Canadian startup Ledn, which offers bitcoin-backed fiat loans, now also offers dollar-pegged DAI loans, connecting bitcoin users with ethereum’s decentralized finance (DeFi) ecosystem. Ledn co-founder Mauricio Di Bartolomeo, a Venezuelan expat, told CoinDesk this new partnership with stablecoin promoter MakerDAO was driven by customer demand. Out of “thousands” of users, more than half of Ledn’s
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Chicago Mayor Lori Lightfoot’s reliance on state action to help wipe out an $800 million 2020 budget gap and structurally balance the city’s books by 2022 is weighing on support from market participants and city council members alike. The shared concern is over the uncertain prospects that state lawmakers will allow the city to shift
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ETF Overview First Trust Value Line Dividend Index Fund (FVD) focuses on dividend stocks based on Value Line’s safety ranking. The safety ranking is based on stock price stability as well as financial strength of these stocks. FVD’s portfolio of stocks are constructed based on equal-weightings and rebalances every month. FVD’s portfolio has higher exposure
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Bakkt, the cryptocurrency trading platform launched by the Intercontinental Exchange, is planning to launch a consumer-focused app in the first half of 2020 to enable retail customers to make transactions with cryptocurrencies. Consumer Adoption Ambitions In an ambitious move to enable the widespread adoption of cryptocurrencies, Bakkt Chief Product Officer Mike Blandina said in a
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Lebanon is far from a poster child for cryptocurrency adoption. News of Lebanese banks shuttering to prevent a bank run was met with predictable enthusiasm from the global bitcoin commentariat. People in Lebanon can no longer send foreign currencies, mainly dollars and euros, abroad. Further, due to heavily restricted banking access and limited liquidity provided
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