View Bitcoin is on the defensive, having closed below $8,000 last week. The price has also established a bearish lower high at $8,135. A short-term bullish-to-bearish trend change, however, would be confirmed if the price drops below $7,432 (June 4 low), establishing a lower low. With the weekly chart reporting a bearish candlestick pattern, a
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The municipal bond market watched and waited on Monday as President Trump lamented his lack of control over monetary policy even data showed the economy humming along. Trump complained in CNBC TV interview that the Fed doesn’t “listen” to him and contrasted that the control that China’s leader wields over its central bank. “The head
The Large Cap Value style ranks second out of the twelve fund styles as detailed in our Q2’19 Style Ratings for ETFs and Mutual Funds report. Last quarter, the Large Cap Value style ranked third. It gets our Attractive rating, which is based on an aggregation of ratings of 68 ETFs and 934 mutual funds
May’s overall job growth disappointed, but there were pockets of strength with strong hiring in the health care, computer and digital design and food service industries. The Labor Department’s Friday report on the employment situation also showed a decline in retail positions while manufacturing continued to added to a string of lackluster prints. CNBC studied
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Check out the companies making headlines midday Friday: Beyond Meat — Shares of Beyond Meat popped a whooping 30% after the maker of plant-based meat substitutes exceeded expectations in its first quarterly report since its initial
Bitcoin miners in China are increasingly looking for diversification out of the country because of the anticipated crypto mining ban, the Chinese government’s thoughtful position regarding cryptocurrency, and the increasing pressure from the ongoing trade war with the US. Squire Mining to Host 41,000 ASICs Canadian-based blockchain firm Squire Mining, a leading miner in the
Antique USA map close-up detail: Los Angeles, California Getty Long before the last Los Angeles real estate bubble when real, inflation-adjusted house prices nearly tripled from 1997 to 2006 but then fell nearly in half by 2011… And long before the S&L bubble when real Los Angeles house prices fell over 40% from the peak
25 Mins Ago Two giant real estate deals were announced in New York City, sparking hope of a potential rebound in luxury Manhattan real estate but a closer look reveals there may be trouble on the horizon. Cody Vichinsky, co-founder of luxury broker Bespoke Real Estate, joins “Squawk Box” to discuss.
Bitcoin is again feeling the pull of gravity amid a rally in gold – a classic safe haven asset. The premiere cryptocurrency topped out at highs near $9,100 on May 30 to hit a 2.5-week low of $7,432 on June 4. The pullback was expected as technical charts were reporting bullish exhaustion. After all, the
After months of lamenting about the lack of supply, municipal investors will get their wish this week as nearly $10 billion of new volume will cure some of the pent-up demand. IHS Markit Ipreo forecasts weekly bond volume will increase to $9.9 billion from a revised total of $6.4 billion in the prior week, according
By Ansh Chaudhary For the month of May, the ETF Deathwatch increased in size. Twenty-nine exchange-traded products (“ETPs”) were added to the list, and 19 funds were removed, making May a busier month in terms of additions. Of the removals, 16 were removed due to increased health and three were removed due to asset managers
Since last decade, NASA has turned repeatedly to Colorado companies to produce the technology it needs to not only send astronauts on new lunar missions but also to Mars and into the depths of space. Above, the International Space Station. NASA | Getty Images National Aeronautics and Space Administration is opening the International Space Station
Stocks have been rallying hard on the idea the Federal Reserve will cut interest rates soon, but at some point the market needs to see progress on the trade wars and economic weakness that are bothering the Fed. Friday’s surprisingly soft May jobs report showed just 75,000 jobs created, 100,000 less than expected. That immediately
In the crypto space, it’s not uncommon to see a crypto wallet get hacked. It’s unfortunate, of course, but not unusual. And the latest crypto wallet hack came this week. On Thursday, GateHub said more than 100 customers have had their ledger wallets hacked, resulting in their funds being stolen. Here’s everything we know. GateHub
Binance, the top crypto exchange by adjusted trading volume, has confirmed it will soon issue its own stablecoins. In a phone interview with Bloomberg, Binance’s chief financial officer, Wei Zhou, said the first stablecoin will be launched on the platform “in a matter of weeks to a month or two.” According to Zhou, the token
Real estate investment trust REIT on an office desk. Getty From Tuesday through Thursday, I attended REITweek in New York City, which is always a great experience. There’s so much to do there. So many well-placed people to meet. So much information to gather. So many seminars to attend (like the MoneyShow next week in
The White House has invited some of President Donald Trump’s key allies in the business world to an event later this month in Bahrain intended to kick-start the administration’s long-awaited Middle East peace plan. The meeting is part of Trump’s effort to strike the “deal of the century” for Israeli-Palestinian peace. The Bahrain gathering will
Bitcoin trading volume on the largest US-based cryptocurrency exchange, Coinbase, hit the highest amount seen in 14 months in May. During the month of May, Coinbase facilitated the trade of 738,959.42 BTC — worth approximately $5.9 billion at current market prices — according to data from Bitcoinity. This development marks the exchange’s highest level of
The U.S. Virgin Islands Water and Power Authority is seeking to raise electric rates to almost four times the national average as it struggles to resolve a mounting list of crises. The sole provider of electricity and water to the Virgin Islands is faced with a threatened cut-off of fuel from an unpaid supplier, an
On November 14, 2017, I wrote a short blog post simply titled “Do Not Stop Buying PCI”. Since then, not only has the PIMCO Dynamic Credit Income Fund (PCI) outperformed any junk bond index you care to look at, but it has more than doubled versus the S&P 500’s performance since then. This is not
President Donald Trump tours the area around the U.S.-Mexico border wall in Calexico, California, U.S., April 5, 2019. Kevin Lemarque | Reuters First, China. Now, Mexico. And Wall Street analysts scrambling to quantify the impact of tariffs on the companies they cover are beginning to feel like its Groundhog day. President Donald Trump opened a
Now that the long resilient job market is showing signs of strain, economists and investors now firmly believe the Federal Reserve will move to cut rates this year, possibly as early as July. The economy added 75,000 jobs in May, about 100,000 less than expected, a sign that the slowing that is showing up in
According to a Bitwise report, there is foul play in the crypto industry because it is unregulated, which makes exchanges culpable to manipulation as some even inflate their trading volumes. The Bitwise researchers have discovered that up to 95% of trading volumes are fraudulent. This is where Ripple steps in. Ripple Working to Enhance Accuracy
Crypto exchange Poloniex revealed in a post Thursday that lenders in its bitcoin margin lending pool suffered a loss of 1800 BTC — roughly $13.5 million at current market prices — due to a flash crash in the Clams (CLAM) market on May 26. Poloniex’s peer-to-peer margin system includes both lenders and borrowers, the lenders
Determining the right price for renters can be a challenging task, and is something I consider more of an art than a science. Rent trends across the United States fluctuate every year depending on the economy and rental markets. In 2018 , in 29 states rent went up, whereas rent decreased in 22 states and
David Umanzor is an Uber driver in Washington, D.C. Part of the time he’s driving, he’s scouting properties for an investor, Daniel DiGiacomo, who has been flipping homes for a decade, but has never seen the market this tough. “With the prices as high as they are now, the margins on our flips are pretty
View Bitcoin has bounced back to $8,000, forming a double bottom breakout – a bullish price pattern – on the 4-hour chart. The price breakout has opened the doors to $8,400. On the way higher, BTC may face resistance at $8,350. A rally to $8,350, if any, could be short-lived if trading volumes remain low.
Bonds rallied as market observers gauged whether Friday’s weak employment report will spur the Federal Reserve to cut rates. Nonfarm payrolls grew by 75,000 in May, well below the 183,000 expected by economists polled by IFR Markets, while the unemployment rate held at 3.6%, according to the U.S. Bureau of Labor Statistics. The numbers for
Introduction Currently, I cannot say that the sector is overvalued nor undervalued. The numbers tell us that the funds are trading at normal levels. The leading benchmark is trading in a sideways trend for a while now and looks stable. We have a couple of statistically overvalued closed-end funds. The News Over the past week,
The SEC this week voted to approve a financial investment reform package. Known as “Regulation Best Interest” or “Reg BI,” the package is intended to strengthen protections for investors by requiring financial advisors and in particular broker-dealers to disclose conflicts of interest. Does it provide more protection for investors than previous rules? It depends on