Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the
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This “Crypto City” guide looks at New York City’s crypto culture, its most notable projects and people, its financial infrastructure, which retailers accept crypto, and where you can find blockchain education courses — and there’s even a short history of the controversial regulatory regime required to operate in the city. Fast facts City: New YorkCountry:
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The Illinois Municipal Electric Agency won an upgrade from Fitch Ratings due to positive fiscal operating trends that analysts don’t believe will suffer from the power agency’s ownership stake in the Prairie State coal facility that faces new state-imposed clean energy mandates. Fitch raised IMEA’s issuer default rating and credit on $831 million of power
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US economic growth slowed considerably in the third quarter due to supply-chain disruptions, a resurgence of Covid-19 and slower consumer spending. The world’s largest economy expanded 2 per cent on an annualised basis in the three months to the end of September, according to data from the commerce department on Thursday, marking the weakest quarterly
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Municipals were stronger on the backs of a U.S. Treasury rally but underperformed the movements there, pushing ratios on the 10-year near 80% and the 30-year close to 90%. Triple-A benchmark scales were bumped two to three basis points on bonds outside nine-years while the 10-year UST fell seven basis points and the 30-year fell
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In this article AMZN VZ INDIA – 2019/08/30: In this photo illustration a popular wireless communication application Verizon logo seen displayed on a smartphone. (Photo Illustration by Avishek Das | SOPA Images | LightRocket | Getty Images Verizon is partnering with Amazon to use the tech giant’s coming satellite internet system to expand rural broadband
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Reza Estakhrian | The Image Bank | Getty Images Opportunity zone fund investments are back. Granted, they never went away, but after generating a great deal of attention a few years ago, much of the excitement surrounding them died down. However, investors are starting to pay attention again, with lawmakers in Washington, D.C., mulling proposals
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While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.” Solana Perpetual
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