Bitcoin (BTC) put in an early end-of-year flourish on Dec. 31 as an upward boost saw BTC/USD retake $48,000. Options expiry fades Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly gaining over $1,500 in a single hour on Friday. A refreshing counterpoint to several days of downtrend, the move gave a taste of what
The United States Treasury agreed to provide support for Puerto Rico’s Act 154 tax for an additional year. Act 154 is a 4% excise tax on the revenues of foreign corporate subsidiaries based in Puerto Rico. In 2011 U.S. Treasury agreed to a tax credit for the Act 154 payments on a temporary basis. The
James “Jimmy” Cayne, the swaggering bridge-champion Wall Street CEO who led investment bank Bear Stearns during its rise and ultimate fall that would serve as a touchstone for the financial crisis of 2008, has died at age 87. Cayne died Tuesday days after suffering a stroke, according to a report in Bloomberg. One of the
A trader works on the floor of the New York Stock Exchange (NYSE) December 9, 2021. Brendan McDermid | Reuters It’s back to business in the week ahead with a busy economic calendar to start the new year, including the always important monthly jobs report. After a stellar 2021, stocks head into the 2022 with
Bitcoin (BTC) and most major altcoins are attempting a rebound off their respective support levels, indicating that buyers continue to accumulate on dips. Data from Coinglass shows that 9,925 Bitcoin left Coinbase Pro, the professional trading arm of Coinbase, on Dec. 30, a possible sign of institutional buying. This is in sharp contrast to the
It’s a Wonderful Life is a great movie but what the heck is a ‘Building and Loan’? At the beginning of the movie, during the 1920s, Building & Loans were huge. But by the end of the movie, right after World War 2, in real life, most Building & Loans had already gone out of
A worker fulfills orders at a Gorillas “dark store” in London’s trendy Shoreditch district on May 20, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — A battle to find space powering the ultrafast grocery delivery boom is pushing up rents in parts of London’s commercial property sector. Companies like Getir, Gorillas and Zapp,
December municipal bond issuance was up nearly 10% year-over-year at $38.2 billion, but total volume in 2021 fell just shy of last year’s record. The muni market saw $475.3 billion of debt in 2021, down 1.9% from $484.6 billion in 2020. Despite this, the total issuance for 2021 still bested the previous record of $448.6
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Lots of blood in the water so let’s decide where to buy some December gifts. For more insights and “buy zones” check out the article version here: https://www.zacks.com/stock/news/1834163/growth-stock-meltdown-roku-and-pypl-vs-nvda-and-ttd Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down on the industry. NPP Project Revived Amid Short
Municipals ended 2021 little changed and lightly traded. U.S. Treasuries pared back losses and equities saw modest gains. Municipal bond mutual fund inflows hit $1.2 billion in the last reporting week of the year. Triple-A benchmarks saw a basis point bump on bonds in 2029 but were largely unchanged otherwise. Ratios rose slightly on the
A new exchange is trying to make it easier to hedge against events in politics and other areas. Kalshi, a firm founded by Tarek Mansour and Luana Lopes Lara, was designated as a contract market by the Commodity Futures Trading Commission in late 2020 and officially launched in June. The exchanges offers binary, yes-or-no contracts
A pedestrian walks past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of Biogen slid more than 7% after Samsung denied a report in South Korean media that it was in talks to
2021 was an interesting year for interior design. We saw lots of new interior design trends including more traditional looks, fluting, and wallpaper everywhere. But many of the styles that were popular in 2021 won’t stay that way for long. 2022 will be an interesting year for interior design as we collectively try to get
In this article OSTK Attorney Sidney Powell looks at attorney L. Lin Wood as he speaks during a press conference on election results in Alpharetta, Georgia, December 2, 2020. Elijah Nouvelage | Reuters A lawyer allied with former President Donald Trump hosted numerous conspiracy theorists looking to overturn the results of the 2020 election at
The U.S. Virgin Islands is nearing a vote on a proposed $1 billion matching fund bond refunding to address a multibillion-dollar pension shortfall. Unless there is an unexpected infusion of cash or reduction of benefits before fiscal 2024, Moody’s Investors Service projects the USVI Government Employees Retirement System will run out of money by that
We‘ve all heard stories of billion-dollar future contracts liquidations being the cause of 25% intraday price crashes in Bitcoin (BTC) and Ether (ETH) but the truth is, the industry has been plagued by 100x leverage instruments since BitMEX launched its perpetual futures contract in May 2016. The derivatives industry goes far beyond these retail-driven instruments,
Municipals saw some pressure on long rates as U.S. Treasuries sold off and equities made gains. Triple-A benchmarks saw a basis point cut on bonds outside of 2035 but were largely unchanged otherwise. Ratios fell on the moves in UST. The five-year was at 46%, 67% in 10 and 76% in 30, according to Refinitiv
Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2021 in New York City. Spencer Platt | Getty Images It’s time for my best guesses for next year: 2022 is a year to go big and bold, because a boom is coming. Not a boom in everything, but certainly a