Municipal yields held steady for the seventh session in a row in light trading Thursday as the Dormitory Authority of the State of New York’s $2.5 billion of competitive loans were the focus while U.S. Treasuries made gains and equities were mixed on heightened Omicron concerns. Triple-A yield curves were little changed on the day
Despite issuers’ hopes, a compromise defense bill passed by the House Tuesday night failed to include a provision allowing for expanded use of pandemic relief funds. The provision, which the Senate passed in October as standalone legislation, likely won’t be taken up this year, though some supporters continue to hold out hope. The legislation would
Japanese billionaire Yusaku Maezawa arrives at the International Space Station on Dec. 8, 2021 after launching on a Russian Soyuz spacecraft. NASA TV Japanese billionaire Yusaku Maezawa arrived at the International Space Station on Wednesday, where he’ll spend nearly two weeks visiting as a private space tourist. Maezawa launched on a Russian Soyuz spacecraft along
In this article ROKU NCLH PLAY SFIX Source: Stitch Fix Check out the companies making headlines in midday trading. Stitch Fix — Shares of the digital personal shopping company plummeted 23% after reporting disappointing guidance for the fiscal second quarter and the full year. Stitch Fix also missed estimates for its fiscal first quarter active customers. The
Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology. Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend and rallied 76% to establish
While border closures resulting from COVID have slowed Australian property sales to international buyers, experts predict that the luxury market may perk up in 2022 as travel restrictions relax and ex-pats return to the country. “Travelers from New Zealand and Singapore who are inoculated against Covid-19 will be able to enter New South Wales and
A real estate agent shows a home to a prospective buyer in Miami. Getty Images A brief drop in mortgage rates, due to the first news of the omicron variant, caused mortgage refinance demand to rise dramatically last week. But it will likely be short-lived. The rate drop wasn’t all that dramatic when looking at
Secondary trading saw an uptick and some pressures emerged on munis, but benchmark yield curves were little changed to weaker by a basis point in spots, again outperforming taxables. U.S. Treasuries slid further with the largest rise in yields on the long bond, and equities made gains after a mixed open. ICE Data Services and
For the first time in North Carolina history, an economically unstable municipality has been dissolved. The Local Government Commission Tuesday afternoon unanimously voted to dissolve the Town of East Laurinburg as an incorporated entity. It marked the first time the LGC has used the powers it was recently granted by state lawmakers. In November the
Payments giants Visa is launching new consulting and advisory services in a move to help its clients navigate the world of cryptocurrencies. The firm said on Dec. 8 that its crypto advisory practice, housed within its consulting and analytics division, will offer advice to financial institutions, retailers and other firms on everything from rolling out
Stablecoins are an integral part of the the centralized crypto sector and the decentralized finance (DeFi) ecosystems that have sprung up over the course of the past few years because they provide the liquidity needed for traders to easily swap into different assets. They also serve as a shelter against strong downside swings like the
The company’s YAM-2 spacecraft during integration for launch. Loft Orbital Loft Orbital, a space infrastructure start-up, raised $140 million in a new round of funding was led by investment behemoth BlackRock. The San Francisco-based company launched its first missions to space earlier this year, with Loft planning to use the new capital to scale its
Source: Stitch Fix Check out the companies making headlines after the bell: Stitch Fix — Shares of the online personal shopping company tanked 19% in after hours trading after reporting weak fiscal second quarter and full-year revenue guidance. Stitch Fix also missed estimates for its fiscal first quarter active customers. The company did, however, beat
Though a white Christmas might be on some folks’ wish lists this year, it’s certainly not on everyone’s. While some may be willing to pay a premium to live in an area sure to get plenty of snow each year, others might be willing to pay a similar premium for none. To determine how expensive
In this article 3333-HK A housing complex by Chinese property developer Evergrande in Beijing. Noel Celis | AFP | Getty Images Evergrande is set to forge ahead into a restructuring that would include all of its offshore public bonds and private debt, according to analysts. The troubled real estate developer, swamped by $300 billion of
Municipal secondary trading was light and triple-A benchmark yields left unchanged as the large primary diverted attention while U.S. Treasuries were weaker again and equities rallied. Trading was down 18% from Monday, which was already a light day at $5.6 billion par traded, as new issues were the focus and provided some direction. The day’s
Chicago heads into the market this week with an upsized $2.2 billion refinancing under its general obligation and Sales Tax Securitization Corp. credits after finalizing the results of a tender and exchange offer. “It’s roundly about $1 billion more for the results of the tender,” Chicago Chief Financial Officer Jennie Huang Bennett’s office said in
Binance Smart Chain, one of the leading smart contract platforms in the blockchain market, has partnered with Animoca Brands, operator and investor of several NFT based games, to launch a joint $200 million gamefi (financialization of gaming) incubation program. The two institutions will invest $100 million each to fund and ease the development of new
Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer on Monday warned investors that selling stocks in thin trading during the early morning premarket hours is not a sound strategy. “The selling that goes on between 4 a.m. and 4:30 a.m. in these Nasdaq names is frightening.” Cramer said on “Squawk
In this article KSS GCP MS UAL SAVE A jet from American Eagle, a regional branch of American Airlines (AA), takes off past other AA aircraft at Ronald Reagan Washington National Airport in Arlington, Virginia, December 3, 2021. Chris Helgren | Reuters Check out the companies making headlines in midday trading. Airlines — Airline stocks