Month: July 2019

Bitcoin price has suffered its second-largest drop in a 24-hour period in 2019. Currently, the price is approximately $9,632 USD per coin, but across the day, its movement has been constant. The world’s largest cryptocurrency by market value closed yesterday at $9,412.81 on Bitstamp; down 13.25% from its opening price of $10,848. This is the second-largest single-day
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Since my recommendation in May to purchase the shares of the VanEck Vectors Oil Refiners ETF (CRAK), shares have slightly increased by about 5%. In this article, I am going to give an update to the thesis I expounded in the previous article and share why I’m even more bullish on refineries and why I
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Binance, the world’s top exchange by trading volume, is considering launching a branch in South Korea, according to reports. Changpeng “CZ” Zhao confirmed the possibility to local news source Block In Press on Tuesday, saying (via translation) that the firm is “working with local partners, but we do not know the details.” However, according to a report
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A man enters the Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: United Airlines ticked up in after-hours trading after the company’s second-quarter earnings surpassed Wall Street’s expectations and showed profit up more than 50% from a year
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Contractors haul a slab of concrete onto the framework of an apartment complex under construction in Chicago. Christopher Dilts | Bloomberg | Getty Images All aspects of the architecture business are suddenly slowing, indicating an overall weakening in commercial real estate demand. A key read on the industry, the Architecture Billings Index, fell into negative territory
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Wall Street analysts say it is increasingly possible the Trump administration will try using a stronger weapon in the currency wars than just presidential tweets and rhetoric about unfair foreign central banks and currency manipulation. Analysts now say there is a chance, albeit slim, that the Trump administration could ‘intervene’ to weaken the dollar, which
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Casteel Creek Retreat borders 1.5 miles of national forest. Scott Cramer/LIV Sotheby’s International Realty About a half-hour drive from Colorado’s Eagle County Regional Airport is a 439-acre retreat nestled in a forested site between the town of Edwards, Beaver Creek Ski Resort and the prestigious Vail Mountain Club. Getting there can be half the fun
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(Pic Sourced Here) We may still have weeks to wait for the next FOMC meeting, but in his congressional testimony Chairman Powell sealed the deal to lower the Fed Funds rate for the first time since the end of the Great Recession and the fallout has been almost predictable. Ignoring the reason why Powell feels
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Treasury Secretary Steven Mnuchin Jonathan Ernst | Reuters Treasury Secretary Steven Mnuchin has concerns about Facebook’s cryptocurrency and its potential illicit use. In a press conference Monday, he Facebook’s proposed digital currency, Libra, “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” The press conference comes days
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After announcing a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it’s discovered that another $2.3 million is missing. A report from Japan Today on Monday said the extra losses were discovered at exchanges outside Japan that were using Bitpoint’s trading system and announced Sunday. The firm announced Friday that it had suffered a security
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