A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images Competition in the fall housing market is falling. Just 10% of offers written by Redfin agents for their clients in October faced a bidding war, down from 39% a year ago, according to the Seattle-based
The first ever cryptocurrency firm to be listed on a major stock exchange has launched a new bitcoin fund. DigitalX, which debuted on the Australian Securities Exchange (ASX) under its previous name DigitalBTC as far back as 2015, announced the new fund on Wednesday. The firm said it’s offering qualifying wholesale and professional investors such
The top position at the Treasury Department overseeing municipal finance tax issues is temporarily vacant following the departure of John Cross III. John Cross, former U.S. Treasury associate tax legislative counsel Brian Tumulty Cross, who served as associate tax legislative counsel at the Office of Tax Policy until Friday, said in an email Wednesday that
Investment thesis 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 has experienced a violent sell-off since November 8, driven by long liquidation in the palladium futures market on hefty trading volumes. While this defies our Q4-19 bullish view,
Bakkt, the crypt subsidiary of the Intercontinental Exchange, has announced that it will begin holding the Bitcoin assets of its institutional investors, which was one of the most sought-after services of the platform prior to its launch in September. Launch of Bakkt Warehouse Upon launch, Bakkt initially only offered custody services to customers who were
Netflix has a dominant position in the streaming wars but, while analysts believe the steadily increasing number of well-funded competing services will take a bite out of the company’s advantage, most do not expect Netflix will lose many subscribers. “Netflix is likely to see some incremental churn from new competition – but it should be
Regulated blockchain company Paxos has launched a product allowing crypto exchange customers to more easily fund their accounts with traditional money. With its new Fiat Gateway service, Paxos said Tuesday that users will be able to execute simple swaps between U.S. dollars and stablecoins, including the firm’s own Paxos Standard (PAX). Notably, Binance, the world’s largest
Tom Werner | DigitalVision | Getty Images Consumer inflation is expected to have risen slightly in October over September, but Fed officials are unlikely to see higher prices as a threat for some time to come. Fed Chairman Jerome Powell made that clear when he discussed inflation following the Fed’s last meeting Oct. 30. At
Owning and maintaining beachfront property has always come with a different set of considerations than inland homes. For starters, beachfront properties require mandatory flood insurance and often have higher property taxes and management costs. These additional expenses are well worth it for many homebuyers. The positive effects of coastal living are backed by science .
Courtesy: NYPD The New York City Police Department released video footage on Tuesday showing a group of men who they say ransacked a mansion belonging to billionaire real estate mogul Don Ghermezian, stealing $140,000 worth of luggage and jewelry. The footage shows several unidentified male suspects walking past a security camera on Saturday evening outside
The pace of development of the crypto sector has been nothing short of breathtaking over the past few years, and now, free Bitcoin rewards are even becoming a real thing. In a new development that would come as a massive boost for Bitcoin and the crypto space in general, Chinese e-commerce behemoth Alibaba has now
Derivatives exchange CME Group has announced it will launch options on its bitcoin futures contracts in January. In a notice on its website on Tuesday, the Chicago-based exchange said, as long as it gets the green light from regulators, the options will go live on Jan. 13, 2020. In late October, the firm published details
The 18,000-student Ann Arbor, Michigan, school district passed a billion-dollar bond proposal by convincing voters that a delay in funding could mean a bigger price tag down the line to fix the problems, backers say. Plans for greener buildings and a commitment to education by residents in the city that best-known as home to the
Main Thesis The purpose of this article is to evaluate the iShares Cohen & Steers REIT ETF (ICF) as an investment option at its current market price. Over the past few months, real estate has taken a bit of a breather, after helping drive market gains over the last year and a half. While funds
LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) and its subsidiary uBUCK Technologies announced some exciting news this week that will offer the digital wallet and payment platform a major edge on its competition. uBUCK announced that it has signed an alliance agreement to form a strategic commercial relationship with Deltec Bank & Trust, a diversified independent financial institution that
With the decade drawing to a close Bank of America has identified 10 important investing themes to watch over the next 10 years. Underpinning the list is the tectonic societal shifts that the firm anticipates will play out over the next decade. The firm said that the coming decade will be “unlike any before it”
Bakkt is ready to store customers’ bitcoin. Intercontinental Exchange’s bitcoin subsidiary announced Monday it would provide custody services for institutional clients. Pantera Capital, Galaxy Digital and Tagomi have already signed on as initial customers for “Baakt Warehouse,” with other “marquee firms” expected to join over the next few weeks. When it first launched, Bakkt was only
The initial public offering of Saudi Arabia’s big oil company could be priced right in the middle of what could be a volatile period for oil. Saudi Aramco intends to price its IPO on Dec. 5, the same day OPEC begins its regular two-day meeting in Vienna. The Aramco stock, equal to 0.5% of the
Private first-floor garage. StreetEasy via Nest Seekers Attention Little Monsters: A massive downtown Manhattan townhouse once rented by Lady Gaga is on the market for $17.99 million. The 11,000-square-foot, five-bedroom, 12-bath mansion at 347 W. 17th St. in Chelsea was built in 1920 but was recently gut-renovated, and Mother Monster is reportedly the only person
A program to teach inner city kids how to become real estate investors is now attracting big name partners in real estate and personal finance. Cedric Bobo, Project Destined co-founder and former principal of The Carylyle Group, and Noah Kerner, Acorns CEO, sit down with CNBC’s Diana Olick to discuss. 04:15 20 minutes ago
View Bitcoin’s consecutive weekly losses and multiple failures at key resistance have shifted risk in favor of a drop to around $8,550 and perhaps as low as $8,000. Daily chart indicators have turned bearish for the first time in over a month, supporting the case for a deeper decline. A high-volume move above $9,335 (descending
A U.S. District Court ruling against the Seneca Nation of Indians should bring more revenue to Buffalo and Niagara Falls while they combat budget challenges. Judge William M. Skretny issued a decision Friday rejecting the Senecas’ appeal of a previous arbitration ruling and ordering the tribe to pay New York State hundreds of millions of
Investment thesis Since our last take on the S&P GSCI Unleaded Gasoline Index Excess Return (SPGSHUP), our bearish recommendation has not materialized, following the moderate advance of the ETF that gained 3.77% to $1,011. Going forward, our view is unchanged and we maintain our bearish recommendation on the ETF, given a confluence of factors. First,
While it is true that the crypto space has grown at a breathtaking pace over the past few years in the United States, it should be noted that it would not have been possible without the stellar service provided by crypto exchanges like Coinbase. Over the years, the exchange has provided crypto enthusiasts, investors, and
Firefighters battle a wind driven wildfire in the hills of Canyon Country north of Los Angeles, California, U.S. October 24, 2019. Gene Blevins | Reuters California’s biggest utilities aren’t the only U.S. companies grappling with the increased force and frequency of wildfires. The number of S&P 500 firms flagging “wildfire” as a potential risk factor
Malta-based cryptocurrency exchange Binance has agreed to help Ukraine prepare new rules for cryptocurrencies, as well as digitize the country’s finances. Announced by the exchange Wednesday, Ukraine’s Ministry of Digital Transformation has signed a memorandum of understanding (MoU) with Binance to work together on “establishing the potential legal status of virtual assets and currencies in
Check out the companies making headlines before the bell: Walt Disney (DIS) – Disney reported quarterly earnings of $1.07 per share, 12 cents a share above estimates. Revenue also beat forecasts, boosted by a 52% increase in studio entertainment revenue amid a strong movie box office performance. Booking Holdings (BKNG) – Booking Holdings earned $45.36
Steve and Leann Ford Reid Rolls Leanne Ford’s book (co-written with her brother Steve Ford) might be called Work In Progress, but the interior designer and HGTV star is anything but. While the book documents their charming tales of growing up together in Pittsburgh, Pennsylvania, this memoir doesn’t shy away from revealing the missteps on the
Airbnb is pushing out several new safety features in the wake of a tragic incident at one of its bookings, CEO Brian Chesky announced Wednesday. The new changes involve four key features: Airbnb will verify 100% of listings. It will establish a “guest guarantee” in case guests arrive at a listing that does not match
Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics,
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