Bitcoin prices were trading marginally lower Friday, continuing what’s been a quiet week for the best-known cryptocurrency. On Friday, one bitcoin BTCUSD, +4.11% was fetching $3,618.91, down 0.8% since Thursday at 5 p.m. Eastern Time on the Kraken crypto exchange. For the week, the cryptocurrency is higher by 1.6%. Read:Read More →
It’s a long way from Wall Street to Wayzata, Minn. And that distance may have helped a tiny mutual fund in the Upper Midwest post big returns last year, when most of their better-connected, and better-known peers from the big cities took it on the chin. The family-run Perkins DiscoveryRead More →
The financial sector is having a great start to the New Year, with the Financial Select Sector SPDR Fund XLF, +0.39% adding 6.9% so far this month. For the week to date, it leads all other sectors with a 4% rise, with the second-best, health care XLV, +0.80% up justRead More →
Square Inc. on Thursday announced a new debit card for small-business owners, a move that enables the fintech company to further participate in the economics of payment transactions. With the Square Card, which is free to obtain and use, business owners will be able to spend their Square SQ, +4.88%Read More →
European indexes were in the red on Thursday, as French bank Société Générale SA announced it expected its fourth-quarter capital markets revenues to fall by around 20%. In the U.K., Prime Minister Theresa May has survived a no-confidence vote, freeing her to start cross-party discussions on finding a way forwardRead More →
Buying a new home doesn’t need to break the bank as more buyers are finding discounted properties. Across the U.S., 25.1% of newly constructed homes had a price cut during the fourth quarter of 2018, according to a new report from real-estate firm Zillow ZG, +0.03% That’s a sharp increaseRead More →
We’re told experiences are supposed to make us happier than stuff — turns out that may apply mostly to the affluent. The famous marshmallow test that predicts future success, based on which kids can resist an immediate treat? That research has similar problems. Meanwhile, the jury’s still out on whetherRead More →
Ahead of what some predict will be the biggest parliamentary defeat in 95 years for the U.K. government, expect Old Blighty to get plenty of time in the spotlight Tuesday. A vote by U.K. lawmakers on beleaguered U.K. Prime Minister Theresa May’s doomed Brexit deal will come in around bedtimeRead More →
Reuters U.S. equities were looking at a potentially downbeat start to the week, as stock futures tumbled Monday on weaker-than-expected China trade data that has sparked fresh concerns over a global economic slowdown. How are major benchmarks faring? Dow Jones Industrial Average futures YMH9, -0.87% slid 210 points, or 0.9%,Read More →
Futu Holdings Ltd., a Hong Kong–based online brokerage that is backed by Chinese internet giant Tencent Holdings Ltd., is expected to be one of the first big Asian initial public offerings of 2019. The company filed for an IPO in late December with the stated aim of raising up toRead More →
Dear Moneyist, My husband recently inherited a big sum of money when his father passed away. His father left 75% of his estate to my husband, which is worth around $3 million. My husband has been having an affair for some time now and I will confront him about itRead More →
Gwen Merz, 28, is doing something she thought she’d never have to do again: hunt for a job. Earlier in her 20s, she set a goal to “retire” from full-time work at age 35, but she later decided to move that date up to 27. She wasn’t going to “retire”Read More →
Before the painful fourth-quarter stock market decline, steady dividend payers probably weren’t foremost in many investors’ minds. After all, the Federal Reserve was raising interest rates and the massive cut in federal corporate income taxes was setting up even better earnings and sales comparisons than usual. But the current lowerRead More →
The British pound strengthened against the U.S. dollar and the euro on Friday after U.K. newspaper The Evening Standard reported that a delay to the March 29 Brexit was becoming increasingly likely. While the idea of a Brexit delay was refuted by Prime Minister Theresa May’s government earlier this week,Read More →
Treasury yields came off their intraday lows Thursday after sloppy results for a bond auction weighed on trading for government paper. The 10-year Treasury note yield TMUBMUSD10Y, +0.95% was mostly unchanged at 2.731%, after bouncing off a session low at 2.680%, while the two-year note yield TMUBMUSD02Y, -0.16% wasRead More →
For many federal workers, keeping a roof over their heads got a lot harder in January thanks to the partial government shutdown that is approaching its third week. Altogether, unpaid federal workers — including roughly 380,000 furloughed employees and 420,000 people working without pay — owe around $438 million inRead More →
New York freshman Congresswoman Alexandria Ocasio-Cortez’s mention of a 70% tax on the wealthy provoked heated reaction from both supporters and detractors, with House Republican whip Steve Scalise deriding the idea as a “leftist fantasy program.” But the debate sparked by the Democrat from New York also revealed some misunderstandingsRead More →
‘If we avoid a recession, we’re going to have a really good market.’ Jeremy Siegel, Wharton professor After a brutal stock selloff in December and for the year, markets could be due for a rally in 2019, says Jeremy Siegel, professor of finance at the University of Pennsylvania’s Wharton SchoolRead More →
© Reuters. FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing BEIJING (Reuters) – China’s Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues to diversify outside the ride-hailing business following a year of safety scandals. The moveRead More →
A GoFundMe page to raise money for President Donald Trump’s proposed border wall has raked in over $18.5 million in just two weeks with an ultimate goal of $1 billion, and inspired at least one competing page dedicated to paying for ladders to get people over said wall (that pageRead More →
