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
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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
It is getting much harder to profit on house flipping today. Home prices are high, there are very few distressed or foreclosed properties available to buy cheaply, and the competition among investors is fierce. So investors are more cash-strapped and have to use more financing to flip their homes. The good news is, mortgage rates
On Tuesday, crypto markets slumped, but since then, various altcoins have staged a recovery. However, Bitcoin extended its decline and has now dropped 6% in the past 24 hours. Altcoins Show Signs of Recovery This slowed down the massive losses witnessed the previous day when the world’s most traded digital asset plunged 17%. Other coins
In response to the approval of Rule 6c-11 by the Securities and Exchange Commission on Thursday, Intercontinental Exchange Inc. said Friday it would be expanding its presence in the ETF arena. ICE said the new rule will update the regulation of ETFs and bring new standards to the industry. Next month, ICE plans to launch
One of this year’s positive surprises thus far has been the remarkable performance of the clean energy sector. As the catastrophic long-term consequences of climate change become increasingly clear, market expectations of a decisive market shift toward renewable energy have soared. A recent cost-benefit analysis by the Global Commission on Adaptation concluded that investing $1.8
Ethan Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company’s IPO at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters Beyond Meat stock jumped on Thursday and that’s putting pressure on the hundreds of millions of dollars that investors have bet
Cryptocurrency exchange Coinbase has announced that New York residents now have access to two cryptocurrencies launched for other jurisdictions months ago. In two tweets late on Wednesday, the exchange said customers based in New York state can now hold, buy, sell, send and receive both Stellar lumens (XLM) and Chainlink’s LINK token. The cryptos will now
Will the WeWork fiasco change the governance structure of upcoming unicorns? WeWork’s IPO implosion centers partly on themes that are at the heart of a hot investment strategy — Environmental Social & Governance (ESG), which emphasizes relations with employees, customers, and stakeholders, as well as the importance of proper corporate governance–leadership, pay, shareholder rights, and
Facebook Chief Executive Mark Zuckerberg walks past members of the news media as he enters the office of U.S. Senator Josh Hawley (R-MO) while meeting with lawmakers to discuss “future internet regulation on Capitol Hill in Washington, September 19, 2019. Joshua Roberts | Reuters Check out the companies making headlines in midday trading: Facebook – Shares
Bitcoin’s price tanked almost 15% on Tuesday evening to a low of $8,165 in what was just the second day since the launch of Bakkt. The Intercontinental Exchange (ICE) launched its long-awaited Bitcoin futures trading platform on Monday, September 23 to considerable fanfare, and the entire world of crypto is even more curious to see
Bedding can change everything. CB2 Bedding is an instant way to makeover one of the most important rooms in your home. But, it can be more than decorative, bedding can also impact wellness. The right bedding can lull you to sleep, while the wrong bedding can keep you up at night. In terms of general
Buyers are back in the housing market, but they are still having a hard time finding what they want and what they can afford. The pending home sales index from the National Association of Realtors rose 1.6% in August, compared with July, and was 2.5% higher year over year. This index measures signed contracts to
Over the past few years, the Bitcoin futures ecosystem has grown at a remarkable pace, and it is something that is surely going to stay for years to come. Initially, these futures contracts had been launched by a handful of exchanges, but over the past year or so, the number has increased considerably. Futures Trade
The Republican-led Michigan legislature approved $59.9 billion in state spending in budget bills, axing a controversial 45-cents-a-gallon fuel tax hike proposed by Gov. Gretchen Whitmer. Whitmer, a Democrat who won election last year, said the tax would have generated $2.1 billion for roads and bridges. Instead lawmakers proposed spending $400 million in general funds to
Introduction Welcome to Orchid’s Palladium Weekly report, in which we discuss palladium prices through the lenses of the Aberdeen Standard Physical Palladium Shares ETF (PALL). PALL continues to make all-time highs, having rallied a little bit more than 4% since our last update, in line with our very bullish view. PALL benefits from positive tailwinds
President Donald Trump speaks to reporters as he meets with Australia’s Prime Minister Scott Morrison in the Oval Office of the White House in Washington, U.S., September 20, 2019. Jonathan Ernst | Reuters As U.S. stocks climb and fall in response to President Donald Trump‘s words (and tweets), some traders are voicing skepticism over the
Online lender SoFi announced its crypto trading platform will go live next Tuesday. Bitcoin, ethereum and litecoin will be the first digital assets available to trade on its SoFi Invest platform, CEO Anthony Noto told Fortune in an interview published on Wednesday. With the new platform, SoFi joins a number of digital-first trading firms – including
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading: Nike — Nike shares jumped to a record high on the back of stronger-than-expected
Kik Interactive has announced that it is closing its messaging service due to a legal wrangle with the SEC over its cryptocurrency, Kin. The troubled messaging app, which still has millions of users worldwide, has been involved in a legal battle with the United States Securities and Exchange Commission in recent months after the SEC
Tick Hall is is sited on the highest point of the nearly 20 acre lot, making for stellar views in all directions. Compass Montauk’s Tick Hall, one of the fabled “Seven Sisters” and the longtime home of talk show host and author Dick Cavett, is on the market for $33,950,000 million. The original home and
Contractors position a wall frame during construction of a new home in Walnut, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of newly built homes in August hit the second highest level in over a decade. Those numbers were released just after a homebuilding analyst at Raymond James upgraded Toll Brothers, Lennar and KB
2019 has been a remarkable year for Bitcoin and Litecoin after the disappointment of 2018. For the first six months of the year, the biggest cryptocurrency in the world went on a remarkable rally, and although it has lost its momentum since then, it is still up by a hefty percentage. This week was an
New Municipal Securities Rulemaking Board Chair Edward Sisk plans to create a committee to further stakeholder involvement while honing in on the board’s future governance and new technology. Sisk is a managing director and head of public finance at Bank of America Merrill Lynch where he has been for over 25 years. He will be
Sign up on the podcast platform of your choice to make sure you don’t miss an episode: By Jonathan Liss My guest today is iShares Fixed Income Product Strategist Karen Schenone, CFA. Karen focuses on supporting iShares clients, generating content on fixed income markets and ETFs, developing new fixed income iShares strategies, and partnering with