An economic recession could lead Utah to increase its use of debt to fund capital projects, according to the state’s first debt affordability study, which also criticized rating agencies’ use of environmental, social, and governance factors.  The study produced by the Utah Treasurer’s Office and released on Wednesday said pay-as-you-go should remain the primary and
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A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images While Washington is consumed with the elections next week, the Securities and Exchange Commission is continuing to consider numerous rulemaking proposals that could significantly increase the reporting and disclosure
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Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting, at the Federal Reserve Board Building in Washington, DC, on November 2, 2022. Mandel Ngan | AFP | Getty Images The Federal Reserve remains set on beating inflation and could raise rates to an even higher-than-expected level,
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Bitcoin price saw a brief rally today, and a market-wide rally in crypto prices suggests that Bitcoin (BTC) , Dogecoin (DOGE) and Ether (ETH) could be aiming to start the month of November in the black.  The Federal Reserve’s Nov. 2 announcement of a 0.75 basis point interest rate hike at first had a positive
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The Union Bank of the Philippines, Inc., more commonly known as Unionbank, announced that the financial institution launched bitcoin and ethereum custody and trading services. The ninth largest bank in the country by assets, Unionbank, will leverage Metaco’s platform Harmonize to pilot the crypto services for clients. Unionbank to Provide Bitcoin and Ethereum Custody and
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Israel’s former prime minister Benjamin Netanyahu is in pole position to emerge victorious from Tuesday’s parliamentary elections, according to exit polls that put his rightwing bloc on course for a razor-thin majority. Polls by Israel’s three main television channels, released after voting closed, forecast that a bloc combining Netanyahu’s Likud party, the extreme-right Religious Zionism
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Municipals were steady to slightly firmer in spots to kick off a lighter new-issue calendar due to the Federal Open Market Committee meeting. U.S. Treasuries extended Friday’s losses on the short end, while equities ended down. Triple-A municipal yields fell one to two basis points while UST saw losses of eight on the short end
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Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s (BTC) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31. Total crypto market cap, USD (in billions). Source: TradingView The cryptocurrency market
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