• Bitcoin millionaire: Don't invest in bitcoin
    CNBC.com2 days ago

    Bitcoin millionaire: Don't invest in bitcoin

    I first invested $5,000 in bitcoin back in 2013 at $72 per coin and now own approximately 69.2 bitcoins. While I had first heard about bitcoin in 2011, it wasn't until I watched a documentary and started reading forums about the cryptocurrency that I decided to buy it. It was easy to see how bitcoin could disrupt the entire financial system. I decided to buy as a long-term experiment and used less than 1 percent of my net worth at the time to buy into bitcoin. Sure, I wanted to make money on it, but if I lost everything, it wasn't going to change the course of my life. As of this writing, bitcoin is trading at $16,600, which makes my bitcoins now worth $1,148,720. It took me five years working

  • TheStreet.com9 hours ago

    Apple Is Blowing Minds Again by How It's Using Its Cash

    In case you missed it, Sears announced it was pushing out a debt maturity from 2018 to 2019. All in, it's a huge sign that Sears could be hanging "going out-of-business" signs in many more stores in 2018. Sears stock tanked almost 6% on Tuesday as the plans were likely leaked (this stuff is always leaked) -- it would be shocking if the stock doesn't dive again Wednesday.

  • This Monster $16 Billion Mall Deal Should Terrify Sears and Macy's
    The Street2 days ago

    This Monster $16 Billion Mall Deal Should Terrify Sears and Macy's

    LOL: First story I read Tuesday wasn't about the dollar ahead of the Federal Reserve meeting, oil prices spiking to $65 a barrel or a key policy proposal for el Presidente Trump. Nope, it was about cryptocurrency litecoin. Over the past 24 hours, litecoin has exploded roughly 67% to $250 as interest in bitcoin futures casts a halo throughout the cryptocurrency realm. Litecoin's market cap: $13.1 billion at last check. That's nowhere near bitcoin's almost $300 billion, but still worth more than Sears (SHLD) ($459 million) and impressive in the grand scheme of things. Wondering what litecoin is? It's described as being a lightweight alternative to bitcoin. Whatever that means ... Quick take on

  • MarketWatch20 hours ago

    Has the housing market recovered? Ask the 1.4 million underwater homeowners

    At the center of the recession, and the financial crisis that rocked markets in 2008, was the housing bubble. The number of homeowners who are underwater on their mortgage – meaning they owe a lender more than their home is worth – is still more than double what was normal in the years before the bubble. It may seem jarring that more than a million homeowners still haven’t climbed above water so many years after the bubble burst, even in a housing market supposedly starved for inventory.

  • The man who called the bitcoin rally sees this for liteco...
    CNBC Videos2 days ago

    The man who called the bitcoin rally sees this for liteco...

    Mike Novogratz, Galaxy Investment Partners CEO, discusses whether he would buy litecoin over bitcoin.

  • Coinbase suspends ethereum buys and sells twice in one day
    CNBC2 days ago

    Coinbase suspends ethereum buys and sells twice in one day

    Coinbase, the leading U.S. platform for buying and selling major digital currencies, said twice on Tuesday that transactions in ethereum (Exchange: ETH=) were "temporarily disabled." In the morning New York time, Coinbase said buys and sells of ethereum and litecoin were temporarily disabled. Earlier, a spokesperson for Coinbase said in a statement that "the site is seeing high traffic volume at the moment and some users may be experiencing intermittent service outages." Ethereum seven-day performance Source: CoinMarketCap Coinbase's GDAX exchange website also said there is a "partially degraded service," as of 2:38 p.m. Ethereum briefly surged more than 23 percent Tuesday to a record high of $637.62, according to CoinMarketCap.

  • Boeing Roundup: Dreamliners grounded after Rolls-Royce engine problems…747 order…Boeing HorizonX chief Steve Nordlund
    Chicago Business Journal2 days ago

    Boeing Roundup: Dreamliners grounded after Rolls-Royce engine problems…747 order…Boeing HorizonX chief Steve Nordlund

    Chicago-based Boeing (NYSE: BA) has operations around the country. Here are other recent stories reported by The Business Journals. The Trump effect could give Boeing an edge over Airbus in the fight for Delta's big jet deal Boeing may have gained an edge over Airbus as the jet makers battle for a Delta Air Lines order of up to 100 single-aisle jets, thanks to the Trump effect, an aerospace analyst said Monday. (Puget Sound Business Journal)  Boeing tea leaves signal more potential Wichita-boosting plans News surrounding the Boeing Co. is sending up more signs that a passenger version of its 767 model might be nearing a restart, a move that would drive additional work in Wichita in the future. (Wichita

  • U.S.News & World Report21 hours ago

    Housing Finance Bill Critical for Fannie Mae and Freddie Mac

    The Senate is reportedly working on a draft of a house financing reform bill that could have huge implications for Fannie Mae and Freddie Mac. Since 2012, all of Fannie and Freddie's profits have been turned over to the government under the terms of their bailouts during the financial crisis. The good news for Fannie and Freddie started in May when Federal Housing Finance Agency director Mel Watt said it would be irresponsible to keep the two government-sponsored entities under government conservatorship without recapitalizing them to provide a cushion in the event of another housing market downturn.

  • TheStreet.com18 hours ago

    General Electric Is a Great Company but GE Stock Is Awful

    is giving investors a painful reminder in 2017 that a great company can be an awful stock. Without a doubt, GE is an industrial powerhouse. GE has been a truly awful stock all year long, shedding more than 43% of its market value in the last 11 months, all while missing out on a near-20% broad market rally over that same timeframe.

  • Investopediayesterday

    Nvidia's 11 % Plunge May Be Just the Start

    Shares of Nvidia Corp. ( NVDA) have had a rough couple of weeks, with a stock that has fallen by nearly 11.5% since November 24, while the S&P 500 has risen by almost 2.5%. To be fair, the iShares PHLX Semiconductor ETF ( SOXX) has fallen by nearly 7.5%.

  • Bought Apple Stock in 1980? Held It? Don't Brag
    Bloombergyesterday

    Bought Apple Stock in 1980? Held It? Don't Brag

    Thirty-seven years ago Tuesday, Apple Inc. went public, raising a little over $100 million by selling its stock for $22 a share (40 cents on a split-adjusted basis). Some 40 Apple employees became instant millionaires, starting with Steve Jobs, who was suddenly worth $217 million. Apple has since gone on to do many amazing things, and for at least the last decade it has also been an amazing stock, with a market capitalization that last month topped $900 billion, an astounding figure.

  • Investopediayesterday

    When Is it Time to Stop Saving for Retirement?

    You’ve done all the right things – financially speaking, at least – to get ready for retirement. You started saving early to take advantage of the power of compounding, maxed out your 401(k) and individual retirement account (IRA) contributions every year, made smart investments, squirreled away money into additional savings, paid down debt and figured out how to maximize your Social Security benefits. Many people who have saved consistently for retirement have trouble making the transition from saver to spender when the time comes.

  • World Wrestling (WWE) on Fire: What is Driving the Stock?
    Zacks2 days ago

    World Wrestling (WWE) on Fire: What is Driving the Stock?

    World Wrestling Entertainment, Inc. WWE, which belongs to the aforementioned industry, has benefited from the trend with the stock gaining 39.2%. Stocks such as IMAX Corporation IMAX, Twenty-First Century Fox, Inc. FOXA and Lions Gate Entertainment Corp. LGF.A, have also witness upsides of 20%, 26.6% and 3.4%, respectively. The company’s record revenues primarily came on the back of substantial increase in revenues in North America, Europe/Middle East/Africa (“EMEA”) and gain in WWE Network’s total subscriber base.

  • The Fed has raised interest rates again — here's how it happens and why it matters
    Business Insider16 hours ago

    The Fed has raised interest rates again — here's how it happens and why it matters

    The Federal Reserve raised its benchmark interest rate again on Wednesday. The Fed adjusts the interest rates that banks charge to borrow from one another, which is eventually passed on to consumers. Some economists say that what the Fed is doing now is a bit unusual because it's raising rates even though inflation is quite low.

  • CNBC Fed Survey: 80 percent of economists say bitcoin is ...
    CNBC Videos2 days ago

    CNBC Fed Survey: 80 percent of economists say bitcoin is ...

    CNBC's Steve Liesman reports the results of the CNBC Fed Survey, including respondents' answers about bitcoin.

  • Bitcoin futures briefly halted after plunging 10%
    CNBC16 hours ago

    Bitcoin futures briefly halted after plunging 10%

    The Cboe (CBOE)'s bitcoin futures (CBOE Futures Exchange: @XBT.1)fell 10 percent Wednesday, triggering a two-minute trading halt early Wednesday afternoon. The futures had triggered trading halts twice in their Sunday night debut as the futures surged

  • U.S.News & World Report19 hours ago

    Alibaba, JD.com Can't Lose in China

    In 2017, Wal-Mart Stores Inc (NYSE: WMT) has proven that there's plenty of room for two e-commerce giants to thrive in the U.S. market. According to Stifel analyst Scott Devitt, there's no need for U.S. investors to pick between Alibaba Group Holding Ltd ( BABA) and JD.com Inc ( JD) in China. While Alibaba and JD continue to compete with each other for market share, both will likely deliver huge growth numbers in the years ahead.

  • T-Mobile to Buy Layer3 TV in Preparation for Video Service
    Bloomberg20 hours ago

    T-Mobile to Buy Layer3 TV in Preparation for Video Service

    T-Mobile US Inc. agreed to acquire closely held Layer3 TV Inc. as the wireless carrier prepares to enter the crowded field of online television service next year. With the purchase, T-Mobile joins its larger peers AT&T Inc. and Verizon Communications Inc. in a strategic shift to media and video ventures as the wireless industry struggles to find new growth. AT&T started an online TV service called DirecTV Now a year ago that recently exceeded 1 million subscribers.

  • Bitcoin Shorts Are Hard to Find, Keeping Futures Above Spot Price
    Bloomberg2 days ago

    Bitcoin Shorts Are Hard to Find, Keeping Futures Above Spot Price

    For traders used to seeing arbitrage plays vanish within seconds, bitcoin futures’ rise back to more than $1,300 above the spot price a full day after their debut is another testament to the cryptocurrency’s unconventional evolution. Professional investors and analysts predict the premium will collapse over time. Yet its persistence and volatility -- from as low as 1.8 percent to as high as 13 percent -- indicate how a market that’s captured Wall Street’s attention can still be slow to homogenize. There are many impediments to closing the gap, but it’s not impossible. Watching the premium may be just the latest fleeting obsession of traders. “For the moment, this premium can be sustainable --

  • TheStreet.com15 hours ago

    Chipotle Could Be Acquired For Way More Than $10 Billion

    Around April, Chipotle stock began climbing higher, as investors warmed up to the stock and foresaw great potential in the business. After all, it was on the cusp of going 18 months without a food-illness breakout -- a time frame TheStreet's Jim Cramer said was critical for the stock to get back on track. takeout for $2.9 billion, some are suggesting that Chipotle may be the next to go.

  • Investopedia18 hours ago

    United Technologies Stock Nears Major Breakout

    Dow component United Technologies Corporation ( UTX) spent the first three quarters of 2017 underperforming its defense contracting peers, but the stock has surged higher since September and has now reached major resistance at the 2015 bull market high. In turn, this price action has completed a multi-year inverse head and shoulders pattern, with a breakout having the potential to reach the $160s.

  • Could Litecoin Be a Better Investment Than Bitcoin?
    Investopedia2 days ago

    Could Litecoin Be a Better Investment Than Bitcoin?

    A recent surge in Litecoin price shows that investors are beginning to catch on this digital currency as an alternative to Bitcoin. While it has remained the dominant player and continues to be largest digital currency by share of market cap but Bitcoin is losing some ground to other digital currencies on questions of mining efficiencies as well as how expensive it is now to buy. Here are some reasons why Litecoin may prove to be a better investment than Bitcoin in the future. Like Bitcoin, But Improved Litecoin is often compared to Bitcoin, and for good reason: the two digital currencies are closely related, with Litecoin having been heavily influenced by its older peer when it was developed

  • TheStreet.com10 hours ago

    PayPal Is Headed to a $100 Billion Valuation

    The first, Nomura Instinet's Bill Carcache bumped his price target to $82 from $79 on the expectation that PayPal can boost its buyback capacity. Given PayPal's $88 billion market cap, that's some serious firepower it could deploy in a buyback effort. Further, Carcache says PayPal can continue funding growth opportunities.

  • 6 Bitcoin Predictions For 2018
    The Streetyesterday

    6 Bitcoin Predictions For 2018

    What a year it's been for Bitcoin. The cryptocurrency has continued to soar from lows of $778 in January 2017 to record highs of more than $17,000 on Dec. 12. As we move forward into 2018, there are a number of Bitcoin developments worth monitoring, not all of them having to do with just its price. Perry Woodin, CEO of Node40, a blockchain governance and cryptocurrency tax compliance company based in New York, believes 2018 will be the year of mass public awareness for Bitcoin and cryptocurrency in general. "It is going to be the year when every friend and relative will want to know how much you have and how to purchase it. The topic of Bitcoin is going to be the ultimate water-cooler conversation,"

  • U.S. Republicans forge tax deal, final votes seen next week
    Reuters11 hours ago

    U.S. Republicans forge tax deal, final votes seen next week

    Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans. Under an agreement between the House of Representatives and the Senate, the corporate tax would be 1 percentage point higher than the 20 percent rate earlier proposed, but still far below the current headline rate of 35 percent, a deep tax reduction that corporations have sought for years.