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Retirement contribution limits will rise in 2019

 

Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019.

Health Care Sector Update for 08/20/2019: IBIO,TEVA,MRUS,UTHR,MYL

 

Top Health Care StocksTop Health Care Stocks JNJ 0 82 JNJ 0 82 PFE 0 71 PFE 0 71 ABT 0 07 ABT 0 07 MRK 0 25 MRK 0 25 AMGN 0 93 AMGN 0 93 Health care stocks were narrowly lower including a fractional decline for the NYSE Health Care Index while the shares of health care companies

Q2 Retail Earnings Roundup: Home Depot, Kohl???s & TJX

 

Tuesday August 20 2019 Three retailers help bring Q2 earnings season to a close this summer with mixed results across the board Earnings reports are all we have to go by so far this week with Existing Homes Sales Weekly Jobless Claims and a Jackson Hole Symposium on deck through

Stock Market News For Aug 20, 2019

 

Markets closed in the green for the second consecutive session on Tuesday Positive comments by President Trump and his economic advisor Larry Kudlow about the fate of the U S economy buoyed gains for the markets Further the U S Commerce Department provided a 90 day reprieve to

Health Care Sector Update for 08/20/2019: SYBX, SRPT, MDT, JNJ, PFE, MRK, ABT, AMGN

 

Top Health Care Stocks Top Health Care Stocks JNJ FlatJNJ Flat PFE 0 06 PFE 0 06 ABT FlatABT Flat MRK 0 19 MRK 0 19 AMGN 0 19 AMGN 0 19 Health care giants were flat to lower in pre bell trading Tuesday Health care giants were flat to lower in pre bell trading Tuesday

Global Risk Sentiment Revived by Stimulus Hopes, But For How Long?

 

Risk appetite recovers on stimulus hopes Risk appetite recovers on stimulus hopes Risk appetite recovers on stimulus hopes Dollar hits three week high Dollar hits three week high Dollar hits three week high Gold fights to defend 1500 Gold fights to defend 1500 Gold

U.S. Dollar Index Futures (DX) Technical Analysis – August 20, 2019 Forecast

 

The U S Dollar is trading slightly higher early Tuesday against a basket of major currencies The index is basically mirroring the weaker trade in the Euro its largest component Against the rest of the basket the greenback is trading mixed losing ground to the Japanese Yen Canadian Dollar

Nothing like a good old dose of Fiscal Stimulus to rev up the Markets Risk Engines

 

In the context of the past market meltdown that statement is factually correct and his comments suggest that the Fed will fall short of being surprisingly dovish at the next FOMC In the context of the past market meltdown that statement is factually correct and his comments suggest that

Asian Stocks Riding Wall Street’s Coattails Higher; PBOC Offers Some Relief

 

The major Asia Pacific stock markets are trading higher for a second session this week Traders are following the bullish lead of Wall Street from Monday but also getting help from a move by the People s Bank of China PBOC to make cheaper loans available to businesses In other news

The RBA Minutes Support the AUD on another Quiet Day on the Calendar

 

Earlier in the Day Earlier in the Day It a particularly quiet Asian session on the economic calendar through this morning It a particularly quiet Asian session on theeconomic calendar through this morning There were no material stats to provide direction through the early part of the day

Stock Market Today: Baidu and Sina Lead a Recovery of Chinese Stocks

 

InvestorPlace Stock Market News Stock Advice amp Trading Tips It was a message meant to warn investors that stocks were in jeopardy But as has been the case for months now investors ignored the warning The message in question came from Morgan Stanley s

Market Close Report: NASDAQ Composite Index closes above 8000; up 106.82 points at 8,002.81

 

Monday s session closes with the NASDAQ Composite Index up above 8000 points The index first reached the 8000 mark on Aug 27 2018 The total shares traded for the NASDAQ was over 1 83 billion Monday s session closes with the NASDAQ Composite Index up above 8000 points The index first reached

5 Top Stock Trades for Tuesday: TLT, GLD, AAPL, AMD, UBER

 

InvestorPlace Stock Market News Stock Advice amp Trading Tips After a positive trading session on Monday for Wall Street the threat of headlines remain Last week the sentiment went too bearish and was an opportunity to go long many great companies whose stocks were

Dow Jones Today: Trump’s Twitter Targets the Fed … Again

 

InvestorPlace Stock Market News Stock Advice amp Trading Tips Usually a headline like that would spell doom for stocks but that wasn t the case Monday Major U S equity benchmarks rallied even as President Donald Trump had some shall I say words of encouragement for

Forex Daily Recap – Mexican Peso Down on US-Mexico Tomato Trade War

 

USD MXN USD MXNUSD MXN The Mexican Peso pair was revolting against the sturdy 19 8712 resistance mark on Monday After the surprise rate cut of 25 bps last week the Mexican Peso currency had already lost most of its value In the interim the US Mexico Tomato Trade war was set to lapse

Health Care Sector Update for 08/19/2019: SPOK,CVS,VNDA,MDT,VIVE

 

Top Health Care StocksTop Health Care Stocks JNJ 0 70 JNJ 0 70 PFE 1 75 PFE 1 75 ABT 1 32 ABT 1 32 MRK 1 66 MRK 1 66 AMGN 1 09 AMGN 1 09 Health care stocks padded their prior advance including a more than 0 9 gain for the NYSE Health Care Index Monday afternoon while shares

INX Plans to Raise $130 Million USD From Milestone IPO

 

INX

INX ltd, a crypto exchange startup, has announced plans to raise up to $130 million USD through an Initial Public Offering (IPO).

INX has developed a regulated platform for cryptocurrency trading and an alternative trading system for security tokens, which it hopes will become a one-stop-shop crypto services platform. The move to raise money through an IPO is quite unusual by market standards, as generally crypto startups tend to raise capital via Initial Coin Offerings (ICO). On Monday, the company filed a draft prospectus with the US Securities and Exchanges Commission to sell 130 million of ...

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Crypto Adoption has Yet to Hit the Masses: Vitalik Buterin Explains Why

 

crypto adoption

The cryptocurrency industry may be popular, but that doesn’t mean it has seen mass adoption. Even Vitalik Buterin, the creator of Ethereum, agrees. Speaking to The Toronto Star recently, the 25-year old multimillionaire provided reasons why he thinks crypto adoption has yet to catch on.

Crypto Adoption: Why Hasn’t It Happened Yet?

Yesterday, The Star posted an article focusing on Buterin’s thoughts on why crypto adoption has yet to happen and what the industry can do to boost the adoption of virtual currencies.

One of the main issues Buterin discussed with crypto adoption is ...

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Bitcoin Continues to Face Hurdles at Higher Level, Altcoins Follow

 

Bitcoin

Bitcoin enjoyed one of the strongest runs since the latter part of 2017 during the first half of this year. During those first six months, the cryptocurrency gained in each of the six months of the year, but the momentum came to an end in July, and the indecisive performance has continued into August. The token has threatened to break out plenty of times during the course of this month, but the rally eventually fizzled out, and the same thing happened again.

Price Movement and Analysis

Over the course of the weekend, Bitcoin managed to break ...

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Deloitte Launches Demonstrational “Blockchain in a Box” Platform

 

Deloitte

Multinational consultancy firm Deloitte has announced the release of its “Blockchain in a Box” platform that hosts demonstrations and experiments of distributed ledger technology in business applications.

Blockchain in a Box Platform

According to the company’s press release on August 9, the development of the “Blockchain in a Box” BIAB platform was inspired by customer interest in understanding the potential of distributed ledger technology in real-life circumstances. Business start-ups find it hard communicating to stakeholders about the unique benefits of blockchain and therefore Deloitte will be looking to fill that gap with its BIAB platform. The ...

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Ripple Partnership: Santander Group Expands the Usage of One Pay FX

 

Ripple

Over the course of the past couple of years, Ripple has forged a range of partnerships with major banks and financial institutions with one single aim. The main aim of forging these partnerships has been to make the cryptocurrency XRP the digital asset of choice for some of the leading financial institutions.

The Spanish banking giant Santander (NYSE:SAN) had been one of the first major banks to sign up with Ripple back in the day and currently uses the xCurrent software to facilitate payments through the One Pay FX service. Until yesterday, the service could only ...

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Secondary Market for Telegram Tokens Sees 400% Return for Investors

 

Telegram

Telegram’s eagerly awaited blockchain, Telegram Open Network (TON), is set to be launched on October 31. However, the yet-to-be issued tokens are already trading on an unauthorized secondary market.

Purchase Agreement Does Not Allow For Resale

Investors are already seeing returns as high as 400% on Telegram tokens, known as grams; however, secondary buyers run the risk of their investment being worthless, as a clause in the initial offering of grams prevents their resale in any way before the launch of TON. The company is also running on a deadline, and if TON doesn’t launch by ...

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Binance Launching Venus Blockchain Project: Challenging Facebook’s Libra?

 

Venus blockchain project

One of the largest cryptocurrency exchanges in the world is taking on social media behemoth Facebook (NASDAQ:FB). Well, sort of. On Monday, August 19, Binance announced it will be launching the Venus blockchain project.

Here’s what we know and why Binance is challenging Mark Zuckerberg’s billion-dollar company by doing so.

Binance Launching Venus Blockchain Project

This morning, news broke that Binance is launching the Venus blockchain project; the initiative is an attempt to create localized stablecoins as well as digital assets. According to the announcement, the Venus blockchain project will leverage the crypto exchange’s ...

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Bitcoin Soars As Bakkt is All Set to Launch Bitcoin Futures in September

 

Bitcoin

Since the infamous day of 2017, when Bitcoin went on its incredible run, there has been talk of the introduction of a financial exchange backed by the world’s biggest cryptocurrency. One of the instruments that have been spoken about by crypto experts for many years are crypto futures from Bakkt, but delay after delay stopped this from happening—until now.

Positive News For Bitcoin

Over the past few years, nothing came to fruition despite several rounds of talks among regulators in the United States, and so, the product was not introduced. However, it seems that the wait ...

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Japan’s Rakuten Introduces New Crypto Exchange

 

Rakuten

The cryptocurrency industry has grown at a breakneck pace over the past two years or so, largely due to the growth of Bitcoin and other tokens. Due to such growth, many companies have been established that provide highly specialized services related to crypto wallets as well as exchanges. Wallets help people to store their crypto safely, while exchanges are the marketplaces where anyone can buy a cryptocurrency.

Japanese retail behemoth Rakuten saw the opportunity early on and has already established the Rakuten Wallet as one of its subsidiaries. Rakuten Wallet is a crypto exchange, and today ...

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Litecoin (LTC) is Down 50% in 2 Months: What Next?

 

Litecoin

Litecoin (LTC) has been in the news over the past few weeks ever since it had announced the highly polarizing halving event. Miners used to get 25 LTC for each completed block, but from now on they will be rewarded with 12.5 LTC for the same job. It was a controversial move, and experts had either panned the move or stated that it will have a positive effect on the price of Litecoin.

Key Analysis

The price of the coin remained unaffected after the halving event, but the price action remained tepid. However, a recent dusting ...

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Bakkt Set for September Launch: Here’s What You Need to Know

 

Bakkt

Bakkt, the long-awaited crypto services platform from the Intercontinental Exchange, is finally set for launch on September 23.

Despite being officially announced in August 2018, the platform only received a trust charter from New York State Department of Financial Services this week, which clears the way for the company to begin offering its highly-anticipated physically-settled Bitcoin futures contracts. Bakkt expects to serve a digital marketplace that moves $270 billion per year.

What is Bakkt?

The Intercontinental Exchange, the parent company of the New York Stock Exchange, announced Bakkt a year ago with the intention ...

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The IRS has Words for Crypto Investors… Again: Tax Warnings

 

crypto investors

The cryptocurrency industry may still be going strong, but that doesn’t mean it hasn’t had its share of problems. Nor does it mean everyone is a fan of virtual currencies. The IRS certainly isn’t, and crypto investors have learned that the hard way the past two months.

Here’s what we know.

IRS has Words for Crypto Investors

At the start of last month, the IRS began mailing more than 10,000 crypto investors informing (well, it was more of a warning) that they may owe taxes on various cryptocurrency transactions.

This week, word ...

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Binance Expected to Resume US Operations in the Next 2 Months

 

Binance

When it comes to trading in cryptocurrencies, it is always far more effective if one can trade on a large exchange. Large exchanges offer a lot of options with regards to the range of cryptocurrencies, liquidity, and other services. Over the course of the crypto boom that started a few years ago, some exchanges have become the leaders of the industry and Binance is certainly one of those. It went on to become one of the biggest crypto exchanges and was also the preferred choice of many traders in the United States.

Key Details

However, back ...

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Bitcoin Hovers Around 10K After the Recent Correction: What Next?

 

Bitcoin

The first half of the year saw Bitcoin go on an incredible rally as the cryptocurrency ended up at higher levels at the end of each month and eventually threatened to replicate the bull run from 2017. However, the month of July brought its fair share of turbulence into the market, and it has been the same in August so far as well. The cryptocurrency has been extremely volatile over the past few weeks, but in a new development, it seems to have stabilized recently and has been trading within a narrow range.

Stable Move Now

...

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Coinbase Strengthens Crypto Custodian Empire with XapoBusiness Acquisition

 

Coinbase

Coinbase has risen to become the largest cryptocurrency custodian, with the acquisition of Xapo’s institutional business. Immediate reports indicate that the US crypto exchange paid $55 million for the assets in question. The exchange also reportedly beat investment giant Fidelity that was also in the running for the Xapo business.

The acquisition comes at a time when Coinbase’s custodian business has grown to over $7 billion in assets under custody. Coinbase currently services over 120 clients distributed in over 14 countries. Following the acquisition, a number of Xapo’s clients have already moved their crypto assets to ...

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8 Signs That Show That a Crypto Platform is Safe to Trade On

 

crypto

Considering the recent rise in the price value of cryptocurrency, it’s no surprise that the rate of crypto-maniacs yearning to cut their own piece of cake via trading has also increased.

While this idea of ‘crypto trading’ looks lucrative and profitable, keep in mind that there are dozens of scammers masquerading their identity as “trusted crypto trading platforms.”

The “real” question is this: can you confidently identify the right trading platform to invest in? If you’re not completely certain, don’t panic.

Here are 8 signs that show that a crypto platform is ...

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Crypto Mining Group BitFury to Investigate Data Analysis with AI

 

BitFury

The cryptocurrency mining and chip development firm BitFury has announced plans to set up a new department that will investigate the benefits of ‘big data’ analysis using artificial intelligence (AI). Speaking to newswire Reuters this past Tuesday, BitFury CEO Valery Vavilov referred to big data as ‘the next oil’, highlighting the need for a much greater focus on constructive analysis. According to Vavilov, the information available in 98 percent of big data is not being properly utilized, something his company hopes to simplify through AI-powered analysis.

“..artificial intelligence will bring new and extraordinary benefits to nearly ...

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Altcoins Almost Wiped Out as Cypto Market Cap Drops $30 Billion

 

Altcoins

Thursday was a bad day for altcoins as almost $30 billion USD was knocked from the total crypto market capitalization.

Where Bitcoin Goes, Altcoins Follow

Crypto market capitalization was estimated to be around the $280 billion USD during midday trading yesterday; however, as Bitcoin suddenly took a near 10% hit today to drop below $10,000 USD share price, altcoins were largely forced to bear the brunt of the drop in confidence.

Ethereum, Ripple, and Litecoin, which make up the rest of the top five cryptocurrencies by market cap outside of Bitcoin and Bitcoin Cash, ...

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Massive Indian Telecommunication Provider Develops Blockchain Network

 

blockchain

There are plenty of trends in the technology sector that will fade over time. Blockchain does not appear to be one of them, however. Just as more countries are warming up to cryptocurrency—New Zealand just gave the go-ahead for employers to pay staff in digital currencies—more and more countries are starting to use this innovative technology. India is the latest. Here’s what we know.

India Moves into Blockchain Technology

At the start of this week, news came out that Reliance Jio Infocomm, a massive telecommunications provider in India, has decided to develop a blockchain network. The ...

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Walmart Submits Patent for Drone System Based On Blockchain

 

Walmart

Walmart Inc (NYSE:WMT) has felt the convenience of blockchain and is not looking to back down soon judging from its latest patent application submission for a drone communication system anchored on blockchain technology. The patent application submitted to the United States Patent and Trademark Office (USPTO) early this month, dubbed “Cloning Drones Using Blockchain,” shows the retail giant’s commitment in adopting blockchain technology for most of its operations.

According to the details of the filing, the drone-based communication system codes and stores the drone’s crucial operational parameters in decentralized ledgers. The data can be accessed by ...

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