Telegram investors have turned down the offer of a refund on their investment in the TON ICO despite an injunction by the SEC delaying the launch of the network. Telegram, which is an important part of the crypto ecosystem due to its encrypted communication abilities, has been embroiled in a dispute with the US Securities
Month: October 2019
Twitter CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Payments giant Square is getting into stock trading. The San Francisco-based company will offer users the ability to trade individual stock on its Cash App, for
Markets are braced for the Fed to cut rates by a quarter point next week, but some economists say a few of the reasons the Fed gave for making the cuts may be less pressing now. Some see the Fed pausing after the Oct. 30 cut. Goldman Sachs economists, in fact, expects the Fed to
By Gretchen Brown, Next Avenue Contributor Getty Julie (who prefers to use a pseudonym for this story), 54, wants to get her daughter through college without incurring any student loans for the $30,000 annual tuition. So, she helped fund her daughter’s freshman year by taking out a kind of second mortgage — a home equity
The median price of a newly built home dropped sharply in September to $299,4400. That was 8.8% lower compared with September 2018, according to the U.S. Census and was the lowest read since February 2016. The drop was primarily due to a shift in the mix of homes selling, not any special deals from builders.
A second wave of planned Northern California electricity outages to reduce the risk power transmission equipment could spark wildfires may further spur efforts to convert the Pacific Gas & Electric into a customer-owned cooperative. The outages may also encourage further offers from individual cities and agencies to purchase the bankrupt utility’s electric distribution assets in
Main Thesis The purpose of this article is to evaluate the Schwab U.S. Aggregate Bond ETF (SCHZ) as an investment option at its current market price. SCHZ has had a strong year so far, offering a return close to 10% through October 23rd. However, in the short-term, fixed-income has broadly come under some pressure, as
Bitcoin has dropped to a five-month low of $7,435 USD following Facebook CEO Mark Zuckerberg’s testimony before Congress in defense of the planned stablecoin Libra. The world’s largest cryptocurrency fell as much as 9% to its lowest levels since June, as Zuckerberg was grilled by congressional representatives before a sitting of the House Financial Services Committee.
Paul Tudor Jones Leanne Miller | CNBC Presidential hopeful Pete Buttigieg has seen a marked uptick in support following his standout performance earlier this month at the Democratic debate in Ohio. And that includes billionaire investor Paul Tudor Jones. “I love Pete, I love Mayor Pete, because I think he would be the best administrator
A ceremony to start manufacturing new CAT 777A haul trucks at the Caterpillar Tosno factory. Sergei Konkov | TASS | Getty Images With about one-fourth of the S&P 500 reporting third quarter earnings, several high-profile earnings misses have analysts wondering if the long-feared earnings recession may be getting closer. In recent weeks, Federal Express, McDonald’s
A metal worker operates a crane in a pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters Thursday’s economic calendar contains several reports that could shed more light on how much the manufacturing sector is slowing down, and whether its weakness will spill over onto the services sector
The real estate market’s fluidity makes it a place where trends are always changing. Developing trends usually take a few years to enter the mainstream and become the norm. Because of this, smart agents and investors keep their fingers on the pulse of the industry so that they can adapt to those trends well before everyone
A sign marks the location of a WeWork office facility on August 14, 2019 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Without the Softbank bailout deal, reeling space-sharing company WeWork would have been out of money by next Friday, sources tell CNBC’s David Faber. WeWork announced Tuesday that Japanese conglomerate
New questions about the short-term market arose as the latest repurchase agreement operation (repo) from the Federal Reserve Bank of New York intervened in the market Wednesday, accepting $49.854 billion in bids from primary dealers. The Fed has been trying to rein in volatility in the market and keep the fed funds rate within its
Sign up on the podcast platform of your choice to make sure you don’t miss an episode: By Jonathan Liss While there’s not currently a real consensus around basic questions in the current market environment – Just how bad will the global economic slowdown become? Does it make sense to continue buying stocks or to
Ripple has increased its focus on regulatory advocacy for cryptocurrency by opening an office in Washington DC with a dedicated regulatory team. With regulatory attitudes towards cryptocurrencies becoming a focal point of conversation, particularly as the controversy around Libra dominates headlines, Ripple has decided to take a proactive step in the matter. It has become
A customer pulls into a McDonald’s restaurant in Shepherdsville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Generally, profits are topping expectations by a large margin this earnings season, but there were some notable misses on Tuesday. Some of the largest and most well-known companies in the U.S. — including McDonald’s, UPS and Lockheed Martin
When bitcoin advocates claim adoption is surging in developing countries, particularly during periods of political unrest or economic turmoil, their go-to source for evidence is often LocalBitcoins. The peer-to-peer exchange, which matches buyers and sellers of the largest cryptocurrency in nearly 250 countries, publishes weekly volume data for each nation and region where it has
A multiple sclerosis drug is manufactured at the Biogen Idec plant in Cambridge, Mass. Essdras M Suarez | The Boston Globe | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of Biogen soared 30% after the drug maker said it is seeking regulatory approval for its Alzheimer’s drug, aducanumab, months
The astonishing buying/investing power of SoftBank has altered much of the world’s way of thinking … [+] about businesses. Photo by Eloise Ambursley on Unsplash Is it just me, or has the reduction in WeWork’s ostensible value from $47B to $8B caused a frisson of schadenfreude in the business world? Could it be a sign
A prospective homebuyer takes in the view at a beach front property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images September sales of existing homes fell short of expectations, following two months of gains. The problem is low supply combined with high prices; prices jumped nearly 6% annually, according to the National
View Bitcoin is looking north, with the hourly chart reporting a golden cross. Key resistance at $8,820 could be put to test over the next few days. On the downside. $7,800 is the level to beat for the bears. A widely tracked short-term bitcoin price indicator has turned bullish, strengthening the case for a test
The U.S. economy is sending mixed signals about the pace of growth going forward, said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, In a Friday interview with Lindsey Piegza, chief economist at Stifel Financial, Kashkari said the Fed was seeing both good and bad signs of economic activity. “On one hand, the
The Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. (NYSE:MIE) is a closed-end fund with approximately $350 million in total assets, investing in midstream master limited partnerships (MLPs), broader energy sector stocks, and has a smaller allocation to preferred securities. The fund has an income focus and currently yields 11.4%, which is based
Bitfinex, the controversial cryptocurrency exchanged headquartered in Hong Kong, has filed an application for discovery with a California court in an attempt to subpoena a former banking executive in order to access $880 million USD in frozen funds. Bitfinex Seeking to Recover “Missing” Millions iFinex, the parent company of Bitfinex, submitted the request on October 18
Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders,
Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs. Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble: “We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian
As corporate earnings reports roll in, analysts are keeping a close eye on profit margins as a possible early warning signal for the markets and economy. Profit margins are showing some signs of contraction, but Ned Davis Research analysts say there’s no broad deterioration yet, and they expect margins to be flattish. But the analysts
If you’re building or remodeling a home for yourself, for a client or as an investment, you probably have a tile budget to cover the bathrooms, kitchen and laundry room, at the very least. You may also have tile planned for both interior entry and outdoor living spaces. This versatile material is durable, outdoor-friendly and
Lisa and Chris Puchalla outside their ADU in Washington DC. Diana Olick | CNBC They’re not just she-sheds or he-sheds or granny pods or tiny homes. The latest housing trend in the backyard is now front and center for a new breed of homebuilder and landlord. Second homes, formally called auxiliary dwelling units (ADU’s), are
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