Bitcoin exchanges add tech to make transactions 20% cheaper
Two of the biggest cryptocurrency exchanges are aiming to make bitcoin transactions faster and cheaper with a new software update announced this week. Both Coinbase and Bitfinex said they are adopting a software called SegWit, which bitcoin bulls and one...
Cryptocurrency exchanges add new tech to speed up bitcoin transactions by 20%
Two of the biggest cryptocurrency exchanges are aiming to make bitcoin transactions faster and cheaper with a new software update announced this week. Both Coinbase and Bitfinex said they are adopting a software called SegWit, which bitcoin bulls and one...
Greenlight Capital’s David Einhorn says hedge fund has ‘never underperformed like this’
David Einhorn’s Greenlight Capital suffered its worst performance ever relative to the S&P 500 last month. “As the market shifted from ‘grind-up’ to ‘straight-up’ in January, our long portfolio only rose about half of S&P 500, while our short portfolio...
Tinder user growth to halve, JP Morgan downgrades Match Group
Dating app Tinder could see new user growth cut in half by the end of June unless it gets more kindling, J.P. Morgan said Wednesday. Shares of Tinder parent Match Group notched a closing high on Tuesday after swelling nearly...
Foreigners showing faith in Trump by buying up huge amounts of US debt
Last week the United States Treasury Department released its latest data related to foreign buying of United States debt. It was a shocker. It showed that in the 12 months leading up to November 2016, the month that Donald Trump...
Citi downgrades Snap, cuts price target as users lash out over redesign
Snapchat users are livid over the app’s recent redesign, prompting a barrage of criticism on social media. Wall Street is taking notice and growing concerned over the company’s user numbers and financial results. In a note Tuesday morning, Citigroup warned...
WisdomTree shares pop on report of JP Morgan interest in buying an ETF firm
Shares of WisdomTree Investments jumped more than 6 percent Friday after reports that JP Morgan Chase is shopping for an exchange-traded fund firm. The U.S. bank’s asset-management unit is looking to up its presence in the growing $3 trillion-plus ETF...
Russian stocks tumble on Mueller indictments
Russian stocks tumbled Friday afternoon after a federal grand jury indicted 13 Russian nationals and three Russian entities for alleged interference in the 2016 presidential election. The VanEck Vectors Russia exchange-traded fund (RSX), which tracks a host of publicly-traded Russian...
Banks are the sweet spot of this market that’s about to get a lot tougher
Investors are gravitating toward a new favorite part of the stock market, which seems to have just about everything going for it right now: banks. The sector is nipping on the heels of the technology sector, which has been the...
Waste Management CEO: 80% of company’s tax cut going back into the economy
Waste Management CEO Jim Fish on CNBC Friday disputed the narrative that major companies are using most of the new corporate tax cut to buy back stock. Fish cited the trash and recycling giant’s plans as case and point, saying...
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