Bitcoin (BTC) set new multi-month lows on Jan. 24 as the new week began with some classic price behavior. BTC/USD 1-minute candle chart (Binance). Source: TradingView “Rangeplay” for BTC after CME gap fill Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $32,967 on Bitstamp prior to the Wall Street open Monday. That level
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Former Goldman Sachs CEO and Chairman Lloyd Blankfein said that his view of cryptocurrencies has evolved after digital assets attracted trillions of dollars in value and a rapidly growing ecosystem. On Monday, Blankfein was asked by CNBC’s Andrew Ross Sorkin for his view on the nascent asset class, who noted that the former banker has
Traders on the floor of the NYSE, Jan. 21, 2022. Source: NYSE Two factors that determine the direction of stock prices are 1) expectations of earnings increasing or decreasing, and 2) the market multiple (price/earnings ratio), which is an estimate on what investors are willing to pay for a future stream of earnings. Both are
Take a look at some of the biggest movers in the premarket: Kohl’s (KSS) – Kohl’s soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia Research is offering $64 per share for Kohl’s, compared to Friday’s close of $46.84 a share. People familiar with the matter say private-equity firm
Every community has that one residence for sale that establishes the listing price high bar. In the Las Vegas area, the spot of honor goes to a Henderson mansion priced at $32.5 million. But the modern estate also sets another standard. Built in 2017 for the founder of a tech automation company, the soaring 14,207-square-foot
In this article BKI jayk7 | Moment | Getty Images The number of borrowers who could benefit from a mortgage refinance just dropped dramatically thanks to fast-rising interest rates. The average rate on the 30-year fixed loan has jumped more than 50 basis points since the start of this year, cutting the number of refinance
Bitcoin (BTC) fell close to $34,000 on Jan. 21, which reflects a 50% decline from the $69,000 all-time high made on Nov. 10, 2021. Altcoins also could not buck the trend and faced intense selling pressure, which pulled the total crypto market capitalization to $1.6 trillion, a 46% decline from its November 2021 all-time high
State and local governments are poised to withstand some of the Omicron-related economic damages thanks to more robust rainy day funds and billions of unspent federal aid, industry experts believe. “It’s continuing, unfortunately, and we’re in the middle of another surge right now,” said Eric Kim, senior director at Fitch Ratings, at the Volcker Alliance
Justin Brannan will head the New York City Council Finance Committee, Speaker Adrienne Adams announced. “My charge is to make sure we are spending wisely, safeguarding our city’s financial future, and fortifying the city’s social safety net for New Yorkers who need it most,” Brannan, a hardcore punk rocker before turning to politics, said when
In this article VRNT AMZN TSLA VMW WMT VMware at the NYSE, Dec. 14, 2021. Source: NYSE Stocks have had a rocky start to 2022, and further turbulence could be ahead for investors. That’s because the current macro environment has been one of the most volatile in recent memory. Inflationary fears, labor shortages and the
In this article DIS PTON NFLX INTC Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Netflix – Shares of the streaming giant tanked 21%, on pace for their worst day since July 2012. The steep sell-off came after Netflix admitted that streaming competition
There is no shortage of scenic beauty to be found along the coast of the island of Maui. For roughly 120 miles, shores of white, black and red sand beaches run into the powerful waters of the Pacific—some public, some sacred, but all intensely sublime. There’s the western coast with its famed resorts, the eastern
In this article ABNB Airbnb co-founder and CEO Brian Chesky told CNBC on Friday that a post-Covid pandemic future of flexible living and working arrangements will be a boon to the company. Chesky, who is on a nationwide tour of Airbnb stays in an effort to “improve the experience” for customers, said he expects sustained
The New York-based multinational investment management corporation Blackrock has filed an application with the Securities and Exchange Commission (SEC) for a blockchain tech exchange-traded fund (ETF). The Ishares blockchain tech ETF aims to track the Intercontinental Exchange (ICE) index called the Factset Global Blockchain Technologies Index. Blackrock Files to Launch a Blockchain ETF The investment
Puerto Rico bankruptcy Judge Laura Taylor Swain approved qualifying modifications to Puerto Rico Infrastructure and Finance Authority and Convention Center District Authority debt that included deep cuts to outstanding bonds. Swain issued her orders and findings of fact and conclusions of law on Thursday, affecting $1.9 billion of PRIFA bonds and $384 million of CCDA
Solana (SOL) price may fall to $70 a token in the coming weeks as a head and shoulders setup emerged on the daily timeframe and possibly points toward a 45%+ decline. The chart below shows that SOL price rallied to nearly $217 in September 2021, dropped to a support level near $134 and then moved to
The White House is urging cities and towns to set up infrastructure coordinators to take advantage of the Infrastructure Investment and Jobs Act. White House Infrastructure Coordinator Mitch Landrieu, speaking Friday at the U.S. Conference of Mayors’ winter meeting, said local officials should appoint advisors and task forces to coordinate with state and federal agencies
In this article DAN Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Company: Dana Inc. (DAN) Business: Dana provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and Asia Pacific. It offers sealing solutions, thermal-management technologies, and digital solutions
Traders on the floor at the NYSE, Jan. 13, 2022. Source: NYSE Market turbulence is likely to continue in the week ahead as the Federal Reserve meets and the biggest of big tech —Apple and Microsoft — report earnings. Stocks on Friday were closing out their worst week in months, with big losses in technology
Brenda Gentry, a former USAA mortgage underwriter from Texas, believes that the cryptocurrency ecosystem offers a fighting chance to overcome the generational curse of poverty. Gentry, a.k.a. MsCryptoMom, left her decade-long job as a banker to pursue a full-time crypto career as her initial investments from early 2020 confirmed the “unprecedented opportunities offered by crypto.”