Short-end munis extended their days long selloff, continuing to play catch up to short-end U.S. Treasuries, as triple-A munis correct from recent outperformance relative to taxables. USTs were firmer, while equities were up near the close. Triple-A benchmarks rose 11 to 15 basis points on the one-year and three to eight basis points in two
Bitcoin (BTC) has been witnessing a tough battle between the bulls and the bears near the $25,000 level. A clear winner may not emerge in the short term due to a lack of a catalyst and because there is no major macroeconomic data scheduled for this week in the United States. Data points from Asia
Municipal bond issuance in the Southwest shrank in the first half of 2022, while in Texas some big Wall Street banks dropped out of the top underwriter rankings in the wake of two state laws restricting access to government contracts. In the first six months, municipal bond issuers in the eight-state region sold $40.8 billion
China has cut a crucial lending rate in an effort to shore up growth as the world’s second-biggest economy is buffeted by repeated coronaviruslockdowns and a worsening property crisis. The People’s Bank of China on Monday reduced its medium-term lending rate, for one-year loans to the banking system, by 10 basis points to 2.75 per
In this article GPRE RVLV CMCSA BABA Vroom IPO at the Nasdaq site, June 9, 2020. Source: Nasdaq Check out the companies making headlines before the bell: Poshmark — Shares spiked more than 5% after Barclays upgraded the online fashion retailer to overweight from equal weight. Poshmark will get a boost from the fast-growing second-hand
Following the United States sanctioning USD Coin (USDC) and Ethereum addresses associated with the crypto mixer Tornado Cash, the signatories of the projects’ multisignature community fund havedisbanded. In 2021, the Tornado Cash community created a fund to provide incentives to key contributors to the project. The fund was held in a community-managed multisignature wallet with five
At times in its long history, the New Jersey waterfront setting of Port Imperial, across the Hudson River from Manhattan, has been highly sought for very different reasons. Early in the 20th Century, the port’s prime location along the river so near Midtown made it a prime place to establish humming manufacturing plants and busy
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo
A new bankruptcy coin report filed on Sunday shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit. The latest report shows that the company has net liabilities worth $6.6 billion and total assets under management at $3.8 billion. While in their bankruptcy
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Smaller-sized cities and towns worried they won’t be able to snag a piece of the infrastructure dollars unleashed in the new federal law have until the end of the month to apply for a first-of-its-kind program aimed at boosting their chances. The “specialized training boot camps” led by the National League of Cities will help
The federal infrastructure package will boost Illinois’ six-year transportation spending by $4 billion, Gov. J.B. Pritzker said Friday. The state will spend an overall $24.6 billion under the six-year program for roads and bridges with $3.7 billion in spending during the current fiscal year. About $18.8 billion goes to roads with the remainder spent on
US lawmakers demanded more information on the potential threat to national security posed by Donald Trump’s hoarding of classified documents, as the fallout from the unprecedented search at the home of the former president reverberated through Washington. The comments by Democrats and Republicans on Sunday were among the first reactions from Congress to the release
NVIDIA President and CEO Jen-Hsun Huang Robert Galbraith | Reuters This past week revealed several key economic updates for July, including a strong labor market, cooler-than-expected inflation, and a lower budget deficit, all of which have kept market spirits high. As cheerful as investors might be thanks to all the good news, a looming uncertainty
R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Check out the companies making headlines after the bell: Rivian Automotive — The electric vehicle maker rose 3.1% in after-hours trading
Bitcoin (BTC) spiked through $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekend produces brief $25,000 tap for BTC Data from Cointelegraph Markets Pro and TradingView tracked a sudden run-up on BTC/USD, which hit $25,050 on
Late last year, a flood of cash from tech enthusiasts and corporate marketers ignited real estate prices in the metaverse. Alt-coin owners and CryptoPunk NFT collectors with stars in their eyes and cash in their pockets looked to justify soaring prices by buying properties near those of celebrities, many of whom were using the metaverse
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province. Costfoto | Future Publishing | Getty Images BEIJING — China’s real estate troubles could spill into other major sectors if the problems persist —
Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira’s depreciation, Shark Tank star Kevin O’Leary says crypto “desperately needs policy,” and the government of Nepal is preparing to issue its own digital currency. The weekend is here, and
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