What Is Ripple? Ripple, or XRP, is both a cryptocurrency and a platform. Technically, Ripple is the name of the company and network, and XRP is the cryptocurrency. The Ripple platform is an open source protocol designed to allow fast and cheap digital transactions. Ripple has made a name for itself, and some financial institutions and analysts predict a
Month: June 2020
Global markets fell on Wednesday as persistent flare-ups in Covid-19 cases and the prospect of renewed trade tensions between the US and Europe knocked investor sentiment. Markets in Europe slumped, with the composite Stoxx 600 down 1.8 per cent following a mixed session in Asia. US stock futures dropped 1 per cent. Stocks extended their
The London Interbank Offered Rate or LIBOR is actually a set of several benchmarks that reflect the average interest rate at which large global banks can borrow from each other. The leading indicator used to price loans and other debt instruments, it is produced once a day by the Intercontinental Exchange (ICE) and regulated by
Chinese President Xi Jinping walks past officials wearing face masks following the coronavirus disease (COVID-19) outbreak as he arrives for the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China May 28, 2020. Carlos Garcia Rawlins | Reuters China has been juggling a global pandemic along
Facade with sign and logo at the La-Z-Boy furniture store in Pleasanton, California, April 16, 2018. Smith Collection | Gado | Getty Images Check out the companies making headlines after the bell. Dell Technologies, VMware — Shares of Dell Technologies and VMware spiked 18% and 10% respectively in after-hours trading on a report that Dell is looking
Back In The Day: The Kennedy Estate in 1991. (Photo by © Steve Starr/CORBIS/Corbis via Getty … [+] Images) Corbis via Getty Images The storied seaside Palm Beach estate that big daddy Joseph P. Kennedy bought in 1933 has had, including the Kennedys, three owners since President John F. Kennedy made it the Winter White
The housing sector has been one of the most resilient areas of the economy during the coronavirus downturn, but the Moody’s Analytics chief economist Mark Zandi said Tuesday he expects the growth to moderate later in the year. Sales of new homes last month rose nearly 13% year-over-year, according to the Census Bureau. But Zandi
Two rating upgrades should help Corpus Christi, Texas, achieve savings on $482 million of refunding bonds going to market over the next week, its top finance official said. The city on the Gulf of Mexico plans to price $164 million of new money and refunding general obligation bonds Wednesday through negotiation with book runner UBS.
Wirecard’s former chief executive Markus Braun has been arrested on suspicion of false accounting and market manipulation, Munich prosecutors said on Tuesday morning. The prosecutors are accusing Mr Braun of artificially inflating Wirecard’s balance sheet and the company’s revenue in an attempt to make the company look more attractive for investors and clients. The prosecutors
Amazon is launching a $2 billion Climate Pledge Fund. The goal is to accelerate the path toward a zero carbon economy. The fund will invest in companies of all sizes worldwide that are developing innovative technologies in this field. Amazon plans to enlist other companies as major investors. E-commerce giant Amazon.com Inc. (AMZN) is launching
Are you interested in purchasing Bitcoin? If so, it’s essential to understand the potential security risks surrounding it. With cybercriminals ramping up their attacks, cryptocurrency will likely be a target. Here’s what you need to know. Wallets Carry Risks Cryptocurrency enthusiasts use both hot and cold wallets to store their Bitcoin. A hot wallet has
Japan has given the UK just six weeks to strike a post-Brexit deal, putting Boris Johnson’s government under pressure to agree one of the fastest trade negotiations in history — and Britain’s first in more than 40 years. Time is so short that both sides will need to “limit their ambitions”, warned Hiroshi Matsuura, Tokyo’s
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman, who made a killing this year by nailing the market bottom, on Monday disclosed plans for an initial public offering of a $4 billion blank-check company, which will target so-called “Mature Unicorns.” The new investment vehicle named Pershing Square
Carnival Cruise Line’s Carnival Ecstacy cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida. Sam Greenwood | Getty Images Check out the companies making headlines after the bell. T-Mobile — The telecommunication company’s stock fell 1% in extended trading after it announced that SoftBank
The U.S. median sale price for existing homes in May was $284,600, up 2.3% from a year ago. While … [+] this marks the 99th straight month of annual gains, the increase is the smallest in about six years. Getty As the U.S. housing market continue to chart its course out of the coronavirus slump,
SDI Productions If you are thinking about buying your first home, chances are you are saving up for a down payment. Yet that’s not the only cash you’ll have to come up with before you get the keys to your new place. And once you do, there are costs associated with starting up and maintaining
California lawmakers said Monday they have been able to bridge what appeared to be deep differences on the 2020-21 state budget in order to reach an agreement. The Legislature approved a proposed budget June 14 that was vastly different from the revised budget released by Gov. Gavin Newsom in May. The budget agreement protects core
401(k) vs. Pension Plan: An Overview A 401(k) and pension are both employer-sponsored retirement plans. The biggest difference between the two is that a 401(k) is a defined-contribution plan and a pension is a defined-benefit plan. A defined-contribution plan allows employees and employers (if they choose) to contribute and invest funds to save for retirement,
Wirecard warned on Monday that its previous descriptions of a business at the heart of the accounting scandal engulfing the German payments group were “not correct” and that it was likely that €1.9bn in missing cash does not exist. The former champion of Germany’s tech sector said it was looking at whether business at a
Four Basic Options Trades While there are many exotic-sounding variations, there are ultimately only four basic ways to trade in the options market. You can either buy or sell call options, or buy or sell put options. Regardless of which side of the trade you take, you’re making a bet on the price direction of
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. Ting Shen | Xinhua via Getty Images Historically unique financial conditions brought on by the coronavirus have changed the way the Federal Reserve is stress-testing banks this year. In addition to the usual rigors that measure how well
Attendees pass by an Alibaba.com display at CES 2019 in Las Vegas. David Becker | Getty Images Check out the companies making headlines before the bell Friday: Alibaba, JD.com — Alibaba and JD.com handled a record $136.51 billion in sales during 618, one of the biggest shopping events in China. Alibaba reported a gross merchandise
Study shows consumer concerns about health will change the way homes are designed post COVID During the pandemic, the way we live in our homes has drastically changed. Builders are taking note. … [+] Stock Photo My current home style includes a 25-foot gray cord that snakes its way from the router, along the staircase
Workers assists guests at check-in during the reopening of Bellagio hotel-casino on June 4, 2020, in Las Vegas. Ronda Churchill | AFP via Getty Images With states continuing to lift coronavirus restrictions, people across the U.S. have felt more comfortable traveling, taking transit, eating out and even moving to a new home. Improvement across the
A second Better Housing Foundation bond portfolio in Chicago is seeking a bankruptcy-led sale that offers holders of $51.8 million of defaulted bonds a piece of $15.15 million. BHF Chicago Housing Group B LLC’s Icarus portfolio filed for Chapter 11 in the U.S. Bankruptcy Court in Chicago June 15 after reaching a real estate purchase
Top Democrats are expecting a fired US prosecutor to testify in hearings against Donald Trump, heaping pressure on the president as he struggles to reignite his election campaign. Geoffrey Berman, whose sacking as Manhattan US attorney over the weekend has set off a firestorm of criticism, has been called to appear before hearings into claims
When it comes to operating a business, some of the most important metrics to track include the amount of revenue coming through the door, and whether that’s sufficient to pay for the various costs incurred through operating the business. While revenue is easy to think about as “automatic” when the sale of a good or
Donald Trump took aim at the media, Joe Biden and “the radical left” before a smaller than expected crowd in Tulsa, Oklahoma on Saturday, as he tried to relaunch an election campaign stalled by the coronavirus crisis. The president weighed in to the racial injustice debate by claiming the destruction of some statues during Black
Operating Profit vs. Net Income: An Overview Two important terms found on any company’s income statement are operating profit and net income. Both profit metrics show the level of profitability for a company, but they differ in important ways. Operating profit shows a company’s earnings after all expenses are taken out except for the cost
This is how to trade options no one to talk about what exactly is a calendar spread. This is just an overview so it’s not going to get in detail about calendar spreads but i just want to give you an overview insight of what a calendar spread is. First of what you’re doing with
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