November’s surprisingly strong jobs report makes it less likely the Fed will move to cut interest rates, and it could even sound more hawkish when it meets next week. A so-called ‘hawkish’ Fed is one that is more likely to move to tighten policy than make it looser by cutting interest rates or taking other
View of the Lake Eola Fountain with Orlando’s Skyline in the background. Getty Tight inventory and flat prices headline realtor.com’s 2020 housing forecast. “I think the biggest surprise from the forecast is how long the market is staying in this low inventory environment, especially as Millennials are in a major home-buying phase,” observes Danielle Hale,
A home for sale is seen in Santa Monica, California. Lucy Nicholson | Reuters The combination of a holiday week and a stagnant mortgage rate environment kept borrowers away from their lenders last week. Mortgage application volume decreased 9.2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The week’s results
Minnesota lawmakers have an estimated state budget surplus of more than $1.3 billion to work with in the fiscal year 2020-2021 biennium. The annual revenue forecast showed an improved revenue forecast and a small decrease to spending to create a forecast surplus of $1.332 billion over the next two-year spending period. The state’s rainy day
The yield on the 30-year Treasury bond has weekly and semiannual value levels at 2.347% and 2.431% with monthly and annual risky levels at 1.904% and 1.756%. The dividend yield for the utilities stock ETF is just 3.11% which is not cheap enough as Treasury yields rise. Continue to avoid junk bonds as their yield
The past few days have been quite difficult for the crypto space due to the continuing poor performance by some of the leading tokens; however, major cryptocurrency Ethereum received some boost today. In a new development, consultancy giant Ernst & Young announced a new source code that could make the ETH blockchain far more efficient
“Developers don’t want to build on a moving target, and backwards compatibility should be taken seriously as well,” Izquierdo said in an email to CoinDesk Friday. “Ethereum is not a toy anymore, it’s a platform with a sizable investment and a big reach, and as such changes like this need to be professionally measured before
StarkDEX, on the other hand, uses state-of-the-art cryptographic STARK proofs to take on-chain transactions, process them off-chain, and then batch them back on-chain in order to increase throughput. The challenges of this method are purely technical, rather than social, as with Unipig (where you just have to get others to supply more liquidity over time).
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter.
An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019. Source: NYSE Check out the companies making headlines in midday trading: Uber Technologies — Shares of Uber slid 2% after the ride-hailing company said more than 3,000 sexual assaults occurred during rides last year in the United
Living space designed by Champalimaud Binyan Studios The team behind famed architect Robert A.M. Stern’s first multi-family development in San Francisco is debuting interior images to help potential buyers envision life inside. Slated for completion next year, Crescent is an eight-story building featuring 44 luxury condos at a cable-car crossing atop the historic Nob Hill.
CNBC’s Diana Olick reports on a surprising downbeat forecast for the 2020 housing market from one of the largest names in real estate. Tom Farley, chairman and CEO of Far Point and former NYSE president, and Joe Terranova, senior managing director for Virtus Investment Partners, join “Squawk Box” to discuss. 01:58 17 minutes ago
Lincoln Center for the Performing Arts, home to the New York Philharmonic, the Metropolitan Opera and the New York City Ballet, had its credit rating on $88 million bonds cut by Moody’s Investors Service as the non-profit that runs it deals with falling attendance and high financial leverage. Lincoln Center Moody’s cut its rating on
Ripple has filed a final motion to dismiss a lawsuit alleging that it held an unauthorized securities sale of its XRP tokens, arguing that the plaintiffs failed to meet a legal deadline for filing the suit. The crypto company has reiterated its stance that XRP tokens are not a security and, therefore, not held to
The firm will have a better idea of what it will do with digital asset custody in 2020, he said at an event sponsored by the bank Thursday in New York. After custody, State Street is interested in looking at fund administration, private placements, issuance and trading of digital assets, he said.
Liquidity providers are not rushing in. To measure market makers’ enthusiasm for bitcoin, we turn to network data: the aggregate balances of exchange wallets, as a percentage of bitcoin’s total supply. This measure of exchanges’ bitcoin flows shows some responsiveness to volatility. Year-to-date highs were set in late May and early July, when volatility was
“The Wolves of Wall Street I” David Yarrow | Maddox Gallery An homage to excess, featuring the signatures of two Hollywood legends, quickly banked $200,000 from an unnamed buyer this week. The black-and-white “Wolves of Wall Street I,” by famed British photographer David Yarrow, sold at Art Miami within 10 minutes of the art fair’s
China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. AFP Contributor | AFP | Getty Images The Trump administration’s Dec. 15 deadline for new tariffs on China looms large, and while most strategists expect them to be
When you think about smart phones and smart home technology, you probably picture Millennials making their living spaces as convenient as possible. That’s not an inaccurate picture, but it’s not a complete one either. Boomers and seniors are an enthusiastic and growing market for these features, which can make living independently easier, safer, healthier and
Contractors work on townhouses under construction at the PulteGroup Metro housing development in Milpitas, California. David Paul Morris | Bloomberg | Getty Images Homebuilders aren’t building enough for millennials That generation is expected to be the largest single cohort of homebuyers next year, but the nation’s homebuilders are not keeping up. This is already exacerbating
Fresh on the heels of the biggest volume week in nearly two years, the muni market is keeping the pedal to the metal with only a few weeks remaining in 2019. IHS Ipreo is estimating supply will come in at $13.21 billion in a calendar composed of $11.63 billion of negotiated deals and $1.58 billion
Please note that the following article was published to members of Yield Hunting on November 18th. Executive Summary: The drop in the coverage ratios was primarily due to the depreciation of the USD against the euro and the pound. Longer term, these currency movements tend to cancel out and have a more neutral impact on
Digibyte has been thrown out of the exchange Poloniex after critical words were said of TRON’s Justin Sun. What’s Next? The news must have come as a shock for many in the crypto sphere, and many believe that it came about because of Digibyte founder Jared Tate’s incessant criticism of TRON founder Justin Sun. TRON
One of Microsoft’s customers, Icertis, a cloud-based platform for contract management, tried out Blockchain Data Manager “in preview,” prior to the release at Ignite, and built use cases involving ethical supply chain contracts and the way certain subsidized pharmaceutical drugs are used. Icertis used Quorum for the Data Manager builds, but the firm has used
Enjin coin (ENJ) started to rise sharply from Wednesday afternoon (UTC) as news spread of a rewards scheme from the tech giant that uses Enjin technology and the ethereum blockchain. Known as Azure Heroes, the scheme rewards community members with crypto collectibles (or NFTs) for good deeds, such as mentoring, providing demos, creating content and
Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $2.25
That’s not a typo. This article is not about first time homebuyers. It’s for those of you who are considering buying or building a hotel, for the first time. In case you never think about who owns the hotels that operate flying the flag of your favorite brand, or those independent gems, often times it
The UK’s biggest commercial property fund has been suspended after its adminstrators claimed “Brexit-related political uncertainty,” was causing investors to remove money at an unsustainable rate. Investment firm M&G added in a statement Wednesday that changing trends in U.K. retail were also having a negative effect on property demand. “In recent months, unusually high and
Americans love investing in real estate. When asked their preferred way to invest money they won’t need for more than 10 years, Americans’ No. 1 choice is real estate. And yet there are many challenges to owning a house or rental property. The upfront costs can be daunting — a down payment might be anywhere