Check out the companies making headlines before the bell: J.M. Smucker – The food producer reported adjusted quarterly earnings of $2.08 per share, beating consensus estimates by 13 cents a share, even though revenue fell below forecasts due to a stronger dollar and lower prices for its coffee and peanut butter brands. Smucker also gave
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It’s a big week for OkCoin, with the crypto exchange launching in the EU. Here’s everything we know about the launch. OKCoin Launches in EU: The Details On Tuesday, June 4, OKCoin posted a blog post that said it is opening up euro pairs to traders. For non-United States users, starting yesterday, the crypto exchange’s
An experimental metric used to gauge the quantity and quality of activity on bitcoin’s network clocked a 28-week high last Saturday, signaling the cryptocurrency’s latest price rally may be more fundamentally driven than many expect. The Transaction Amount to Active Addresses Ratio (TAAR), first proposed by CoinDesk Contributor and Pugilist Ventures Founder Chris Brookins, divides bitcoin’s
When I started my business in 2015, I had no real estate experience. I had never owned a home or any other piece of real estate, and no one in my family was in the business. But I had experience in technology and product design, and saw an opportunity to meet a housing need that
A cold storage warehouse in Jessup, MD. Diana Olick | CNBC The growth of e-commerce has increased demand for warehouse space exponentially, but one subset of that real estate sector is really heating up: Cold storage warehouses and distribution centers are suddenly in high demand thanks to new food delivery services like Peapod by Giant,
View Bitcoin is struggling to produce a stronger price bounce, despite the defense of the 4-hour chart’s 200-candle moving average – a sign of buyer exhaustion. A bear flag breakdown on the 4-hour chart, if confirmed, would open the doors to levels below $7,000. The daily chart continues to call a move lower to the
Municipal bond buyers saw a deluge of deals sweep into the marketplace on Wednesday, led by a California issuer offering short-term paper. Primary marketLos Angeles County, California, (MIG1/AP1+/F1+) came to market with a big negotiated note issue on Wednesday, a rarity in a market where most large note offerings are done competitively. BofA Securities priced
The Duff & Phelps Global Utility Income Fund (DPG) is a closed-end fund that invests primarily in utilities. High expenses, poor performance, and a liberal interpretation of what constitutes a utility company mean investors looking for a global utility fund are better off investing elsewhere. When is a Utility Fund not a Utility Fund? Being
Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow (Photo by David Butow/Corbis via Getty Images) David Butow | Corbis News | Getty Images A key metric for Tesla’s sales bounced back in the spring after a disappointing first quarter, but the company will need consistent strong performance to return its
Check out the companies making headlines before the bell: Campbell Soup — Campbell Soup reported adjusted quarterly profit of 56 cents per share, 9 cents a share above estimates. Revenue also beat Wall Street forecasts and the food producer increased its full-year outlook. Salesforce.com — Salesforce reported adjusted quarterly earnings of 93 cents per share, well
Bitcoin (BTC) is pulling lower after doubling in value following a massive surge from 2018 lows. The flagship cryptocurrency remains under immense bearish pressure after a 130% plus rally since the start of the year. Bitcoin Price Analysis A rally past the $8,000 mark had for the first time, in months, reinvigorated investor interest on
Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time. Available from Tuesday for non-U.S. users, OKCoin’s new spot trading offerings cover euro pairs with bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) at launch, with more pairs planned. The firm said on its blog that until Sept.
Starting a business is hard, and it requires patience, hard work and perseverance. It also requires capital. Unless you have a trust fund, a huge savings account or a wealthy partner, you will need to not only build your business, but also raise money to get it started. Whether you’re starting a time-tested business like
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters Mortgage rates are falling fast but not enough to offset high home prices. Buyers are still pulling back. Total mortgage application volume increased 1.5% last week from the previous week and 12% from a year earlier, according to the Mortgage Bankers
View Bitcoin’s short-term outlook has turned bearish, courtesy of Tuesday’s UTC close below the 30-day average of price. A key daily and 3-day chart indicator is also indicating an end of the price rally from December lows. Hence, BTC’s $400 recovery from 2.5-week lows hit on Tuesday could be short-lived. Prices risk falling to $7,000
Los Angeles County received a one-notch upgrade of its issuer default rating to AA-plus by Fitch Ratings, affecting more than $2 billion in outstanding debt. Fitch also upgraded the rating on the county’s certificates of appreciation and lease revenue bonds to AA from AA-minus. “Our budget continues to strike a balance between programmatic priorities and
The iShares MSCI Mexico ETF (EWW) provides access for investors to the Mexican stock market. It tracks the investment results of an index composed of Mexican companies. On May 30, US President Donald Trump announced that he would impose a 5% tariff on Mexican goods until the Mexican government stops the flow of migrants across
A shopper carries a Tiffany & Co. retail bag on Fifth Avenue in New York, May 30, 2019. Victor J. Blue | Bloomberg | Getty Images Luxury jeweler Tiffany & Co. blamed disappointing quarterly results on a steep decline in Chinese tourism, the company said Tuesday. After slashing the company’s full-year profit outlook to low-to-mid-single-digit
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), June 3, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines after the bell: Shares of Box dropped nearly 11% in extended trading after the
Some weeks back, Facebook indicated that it was launching a cryptocurrency payment service called Project Libra. The company has had a series of talks with various e-commerce companies as well as financial firms seeking support for the payment service. The latest discussions involve the US Commodity and Futures Trading Commission regarding Facebook’s stable coin initiative: GlobalCoin.
Cryptocurrency exchange Bits of Gold has won a notable legal victory over an Israeli bank in its bid to keep access to banking services. On Monday, the Israeli Supreme Court ordered Bank Leumi to once more allow the exchange access its services, according to a report by Finance Magnates. Bank Leumi had earlier barred Bits
Château Monlot -Saint-Émilion Grand Cru, Bordeaux Château Monlot Seven years ago, famed Chinese actress Zhao Wei was made an inductee at the renowned and robed jurade (‘brotherhood of wine’) ceremony in the French Bordeaux village of Saint-Émilion. This order of oenophiles was first established in the year 1199. In May of this year, Sue Zhang
A couple sits with a mortgage consultant in Miami. Getty Images Mortgage rates are falling unexpectedly and sharply, and that means millions more homeowners can now benefit from refinancing their loans. The average rate on the popular 30-year fixed has fallen from a recent high of 4.23% on May 21 to 3.94% now, according to Mortgage
The open interest in CME Bitcoin Futures contract hit a record high last Friday. The total figure of 5,190 for the period between May 27 to June 3 represents the largest number of open interest, or contracts outstanding, in CME bitcoin futures ever and a 7 percent gain on the week prior, according to data from the Commodity
Illinois lawmakers ended a marathon overtime session after sending Gov. J.B. Pritzker a $40 billion operating budget, a six-year $45 billion capital plan, a sweeping expansion of gambling, and a plan to legalize adult recreational use of cannabis. The passage of key budget bills, a debt package authorizing more than $23 billion in borrowing, a
The Miller/Howard High Income Equity Fund (HIE) is a closed end fund focused on investing in high dividend stocks around the globe. Despite a high distribution rate, total fund returns have been underwhelming. Additionally, extremely high annual expenses mean investors are paying dearly for very little in the way of performance. Fund Investors Haven’t Been
Getty Images Bank of America cut its 2019 profit outlook for the stock market’s biggest companies on Monday, citing renewed trade tensions between the United States and two key trading partners. The bank’s head of U.S. stock strategy warned clients that the market’s price has yet to reflect the impact the dispute between Washington and
Corona beer, owned by Constellation Brands. Getty Images Check out the companies making headlines midday Friday: Constellation Brands, Calavo Growers, Chipotle Mexican Grill — Shares of the Corona and Modelo beer marker fell more than 6% as investors worried tariffs on Mexican goods would increase Constellation Brands’ import costs. Calavo Growers and Chipotle, meanwhile fell
You’ve heard of Initial Coin Offerings (ICOs), but have you heard of an Initial Exchange Offering (IEO)? If not, don’t worry—today we’re taking a closer look at IEO. What Exactly is an Initial Exchange Offering? An Initial Exchange Offering and an Initial Coin Offering have the same goal—to raise funds. The key differentiating factor is
Helsinki-based peer-to-peer exchange LocalBitcoins has reportedly removed the option allowing users to buy or sell cryptocurrencies in person for cash. In a Reddit post Sunday, a LocalBitcoins user pointed out the option was no longer available on the platform, though commenters some suggested the restriction might be limited to the U.S.. The removal of the