U.S. Treasuries pared back gains with yields rising by four to six basis points Friday and stocks rallied to record highs as investors’ concerns over a lull in the economic recovery quieted. Municipal bonds did as they often do on a summer Friday — stayed on the sidelines and awaited the coming week’s larger new-issue
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The publicly listed and iconic lifestyle company Playboy has announced the entertainment firm has collaborated with the non-fungible token (NFT) digital art marketplace Superrare. The Playboy NFTs expand upon an exhibit showcased to thousands of visitors at the Bitcoin 2021 conference in Miami. Playboy’s New Collection of NFTs Includes Heritage Photograph Print Playboy (Nasdaq: PLBY)
U.S. Senator Elizabeth Warren (D-MA) questions Charles P. Rettig, commissioner of the Internal Revenue Service, during the Senate Finance Committee hearing titled The IRS Fiscal Year 2022 Budget, in Dirksen Senate Office Building in Washington, D.C., June 8, 2021. Tom Williams | Pool | Reuters Wells Fargo‘s decision to pull customers’ credit lines was lambasted
Traders on the floor of the New York Stock Exchange, June 25, 2021. Source: NYSE Second-quarter earnings reporting season gets underway in the week ahead and eye-popping results could validate a market that continues to easily shake off any concerns on its steady march to record high after record high. The second quarter’s profits for
One of the largest homes ever built under the auspices of esteemed architect Paul Williams has come to market after having only three owners in its 80-year history. Williams, the first African American to become a member of the American Institute of Architects as well as the first African American to be elected to their
A for sale sign sits outside a house in Miami Beach October 22, 2009. Carlos Barria | Reuters Mortgage demand fell for the second week in a row, as low inventory and high home prices continue to weigh on the housing market. Mortgage applications decreased 1.8% last week, according to the Mortgage Bankers Association’s seasonally
A Leisure Stock to Consider as the Economy Reopens and One That Shines in Beauty Business.
Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable opportunities. Data from Cointelegraph Markets Pro and TradingView shows that the top 3 movers over the past 24 hours are Synthetix (SNX), Axie Infinity (AXS) and EOS. The growing momentum in
Rating agencies are pushing municipal issuers to build cybersecurity into risk mitigation as an environmental, social, and governance factor. That includes enhanced disclosure. The most recent headline case involved a ransomware attack on software manager Kaseya, which remotely controls programs for companies. Estimates peg that at least 200 businesses were affected. President Biden’s administration issued
Joe Biden is set to sign a sweeping executive order to curb the power of big business by stamping out anti-competitive practices that harm smaller rivals. The White House on Friday unveiled 72 measures in Biden’s order, which include a ban on non-compete clauses for workers and span industries from technology and transportation to healthcare and
Illinois reaped a second rating reward for its improving fiscal condition with its first S&P Global Ratings upgrade in 24 years. The upgrade to BBB from BBB-minus followed a similar move by Moody’s Investors Service last week raising the rating to the same level at Baa2 with a stable outlook. In June, Fitch Ratings moved
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. China crackdown: Week 7 The summer of crackdowns continued this week, making it seven weeks since the initial announcement on May 18 that
Trading is neither an exact science nor art. It is a mixture of both. There are scores of publicly available indicators and each claims to be the best. However, none of them are perfect or designed to be used in isolation. One of the more popular indicators widely used by several traders is Bollinger Bands,
Kevin Matras goes over an options strategy to make money when a stock is going sideways.
Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBC Payments and digital currency firm Circle plans to go public later this year through a merger with special purpose acquisition company Concord Acquisition Corp. The deal, which Circle announced on Thursday, is expected to close in the fourth quarter and would value the company
In this article LEVI GM PSMT ACCD A sign in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell Thursday: Levi Strauss — Shares of Levi Strauss added 3.2% after the retailer crushed Wall
It may have taken four years, but Kelly Clarkson has finally sold her lakefront megamansion in Hendersonville, Tennessee for $6.3 million. The original listing price was $8.75 million in 2017 with the most recent reduction early this year to $7.49 million. The singer, songwriter and talk-show host still raked in a profit, as she bought the
In this article TMHC The housing shortage that began before the pandemic will stick around for a long time as market demand soars, the chief executive of homebuilder Taylor Morrison told CNBC on Wednesday. “As the economy continues to improve, we’re going to see mortgage rates move up, and I think that should be expected. They’re not
San Jose, California, will head to market Wednesday with a $200 million competitive general obligation bond deal riding an upgrade to AAA from Fitch Ratings. The city received the one-notch upgrade to its GOs, but not its issuer default rating from Fitch, for both the upcoming deal and $502 million in outstanding GO debt, based
US government bonds rallied and global stock markets dropped sharply, as worries about inflation were replaced by concerns that the global economic recovery from coronavirus has peaked. The yield on the 10-year Treasury bond, which moves inversely to its price, fell 0.04 percentage points to 1.276 per cent. The move put the world’s benchmark bond