Over the course of the first six months of the year, Bitcoin managed to go on a remarkable rally that raised the possibility of the world’s biggest cryptocurrency to reach the levels it had reached back in 2017. At the time, the price of one Bitcoin token had almost touched $20,000. However, the momentum soon
Month: October 2019
Siebert Cisneros Shank & Co. and The Williams Capital Group announced Thursday that they will merge the firms in a transaction that will create the largest minority- and women-owned investment bank in the United States. The new company will be called Siebert Williams Shank & Co. It will leverage each firm’s experience and industry positions
For the past year, I have parked some of my cash in a high yield savings account boasting an interest rate north of 2%. Although I knew I could generate more income by purchasing some of my favorite dividend stocks with that money, I enjoyed the stability and safety of that income stream. Perhaps as
Pedestrians walk outside an E*Trade Financial office in New York. Daniel Acker | Bloomberg | Getty Images Retail brokerage firm E-Trade announced Wednesday it will drop commission fees on online U.S. stock, ETF and options trades. The move comes within a week of Interactive Brokers, Charles Schwab and TD Ameritrade all dropping their commission fees.
View Bitcoin has cemented its third straight monthly loss after September 24 and 26 produced a large sell-off and dragged prices lower, opening up the possibility for another price drop. Supposed bullish catalysts such as Bakkt’s physically-backed bitcoin futures product fell short of expectations, possibly raising a red flag for institutional investors. Both the weekly
The big miss on the September manufacturing is a big problem for the markets. The S&P moved in a 50 point range, Or 1.6%, lower since the ISM report came out at 10 a.m. ET. This a very large move. Since 1998 the S&P has moved more than 1% on days the ISM has reported
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images Check out the companies making headlines in midday trading: TD Ameritrade — Shares of brokerage firm TD Ameritrade sank 2.5% after announcing the company will eliminate all commission fees for online U.S. stock, exchange-traded fund and option trades. The
Ethereum’s scaling platform, SKALE Network, has reportedly raised $17.1 million in a recent funding round for the launch of its mainnet. The company has indicated that this is Ethereum’s best chance of beating other smart contract platforms. SKALE Adds More Investors Backed by US-based SKALE Labs and NODE Foundation of Licheinstein, the platform now has
In a strong market it’s possible to sell almost anything. Great properties are snapped up quickly in bidding wars. Less than perfect properties can move fairly easily when there’s high demand too. When the market is strong you’re closing deals nearly every day, and life is great! But when there’s a shift, all of this
A property for sale in Monterey Park, California Frederic J. Brown | AFP | Getty Images After a rough month for mortgage rates, borrowers saw a sign of hope and pounced: A small dip in the 30-year fixed rate lit a fire under refinances. That pushed total mortgage application volume up 8% for the week,
In another move to bolster its products and data services, Intercontinental Exchange Inc. has hired Varun Pawar, formerly Global Head of Bloomberg LP’s BVAL. Pawar is joining the Pricing and Analytics team at ICE Data Services and will report to Mark Heckert, Chief Product Officer at ICE Data Services. Varun Pawar, Pricing and Analytics team
(Source – Pexels/W W) To a certain degree, the economy of Taiwan has been a benefactor of the U.S.-China trade war. They produce many of the same electronic products as the U.S and have seen their trade balance rise roughly 25% since the conflict began last year. In fact, they are one of the few
Kathy Huff installs a headlight assembly at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. John Gress | Reuters U.S. economic growth is expected to have slowed in the third quarter of 2019, according to the Atlanta Federal Reserve’s GDP tracking gauge. The GDPNow model estimates the
A deal to acquire cryptocurrency exchange Bithumb for over $300 million remains in choppy waters. According to The Korea Herald on Monday, fintech firm BK Global Consortium’s deal to buy a majority stake in the major South Korean exchange has not yet been fully paid for. In October 2018, BTC Korean Holdings had agreed to sell 51
Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines midday Tuesday: McDonald’s — Shares of McDonald’s dropped 2.3% after J.P. Morgan slashed its estimates for the fast-food chain’s same-store sales growth, a key metric for restaurants, to 5% from 6%. The bank cited softer-than-expected third-quarter earnings, based on conversations
Over the past few years, the fiat-backed stablecoin Tether has become the subject of fevered discussions among those in the crypto sphere as well as those outside of it. It is a crypto token that is used across a range of crypto exchanges in order to facilitate trading, and it goes without saying that the
Inside Morningstar’s New York offices, where chief operating officer Michael Brawer is building a … [+] number of new products for blockchain-based securities. Michael del Castillo Credit ratings giant Morningstar is making a number of previously unknown moves into the burgeoning industry of assets issued on a blockchain. The rating agency that made its name
New cases of Bitcoin fraud are back circulating the media. Back in May, the NYPD warned the public about Bitcoin scams, but that hasn’t stopped incidences of fraud from occurring. In the news this week, we have learned of two new Bitcoin fraud cases: one involves a Pennsylvania resident, and the other, interestingly enough, involves
Axxcess Platform announced Tuesday it will deliver portfolio management technology for the HJ Sims private client wealth management team. HJ Sims is a privately held investment bank and wealth management firm; Axxcess is an asset management platform. “We are thrilled about partnering with HJ Sims to equip their team with our asset management solution to
Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high discounts, but we are cautious when we select our positions due
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