Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the FOMC meeting on the Fed’s interest rate hikes and monetary policy, along with fears that the Evergrande situation would ripple out
Hawaii received two outlook boosts ahead of plans to price $1.9 billion in taxable general obligation bonds. S&P Global Ratings revised its outlook on Hawaii’s GOs to stable from negative Tuesday and affirmed its AA-plus rating. Moody’s Investors Service revised the outlook on the GOs to positive from stable Monday and affirmed its Aa2 rating.
Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised that it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. Specifically, Powell said that Fed officials should as a general rule be barred from owning
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021. Bill Clark | Bloomberg | Getty Images Investors and Congress are awaiting an imminent report from Securities and Exchange Commission Chair Gary Gensler on
In this article CRM DRI JOBY BIIB KBH BB Check out the companies making headlines before the bell: Darden Restaurants (DRI) — The Olive Garden parent reported earnings of $1.76 per share, higher than the $1.64-per-share forecast. The restaurant company also reported same-store sales that rose 47.5%, topping estimates. Shares rose 3% in premarket trading.
Home price have surged in most markets across the country. What should investors do? The problem with giving a good answer is that there aren’t any good reasons why prices are higher. It’s a pandemic phenomenon that’s unrelated to ordinary economic factors – and therefore we don’t know how it will develop. One thing we
Jenna Fountain carries a bucket down Regency Drive to try to recover items from their flooded home in Port Arthur, Texas, September 1, 2017. Emily Kask | AFP | Getty Images Record-setting rain, floods and wildfires are examples of the rising risks to the U.S. housing market from climate change. Mortgage lenders and investors are
Municipals sat tight again Wednesday as broader markets digested the Federal Open Market Committee leaving interest rates unchanged and noting the tapering process may begin sooner. The news was largely expected and U.S. Treasuries ended the day a touch firmer while equities made up for lost ground though pared back earlier gains. “The biggest news
Deepening worries over Evergrande have ignited selling in a $428bn corner of the Asian debt market, underscoring how the crisis at the Chinese property developer is spreading to other assets as traders and investors brace for a crucial payment deadline on Thursday. Yields on US dollar-denominated bonds issued by riskier Asian borrowers have soared to
press release PRESS RELEASE. Singapore, September 22, 2021 – Alchemy Pay is now using Chainlink Price Feeds to enable users to buy crypto on decentralized exchanges (DEXs) and obtain loans in leading DeFi lending platforms directly from wallets using Alchemy Pay’s ERC-20 utility token, ACH. Chainlink Price Feeds help assure users that they are receiving
After consulting with House Ways and Means staff, Citi’s municipal strategy group believes a proposed 3% high income surcharge that’s part of the reconciliation budget package will likely not apply to tax-exempt interest. The position revises Citi’s warning earlier this week that the surcharge may apply to tax-exempt municipal income, a move that would have
The sharp correction that threatened to pull Bitcoin and altcoin prices back toward their sing lows appears to have dissipated now that Evergrande informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins prices all saw a rebound at the market open.
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The U.S. Federal Court of Claims released the redacted version of the lawsuit filed in August by Jeff Bezos‘ Blue Origin against NASA and Elon Musk’s SpaceX over a lucrative lunar lander contract awarded earlier this year. “Historically a
In this article FDX ADBE DIS H SFIX GIS Check out the companies making headlines in the premarket. General Mills — Shares of General Mills added 1.7% in the premarket after the food company reported better-than-expected quarterly earnings. General Mills posted adjusted earnings of 99 cents per share compared with the analyst consensus of 89
Ether (ETH) price fell below the $3,000 support on Sept. 20 as global markets entered a risk-aversion mode. The Invesco China Technology ETF (CQQQ) closed down 4.2%, while the SPDR S&P Metals and Mining ETF (XME) lost 3.8%. Some analysts pointed to the potential ripple effects of the default of Evergrande, a major Chinese real
Kenny Kane is the Chief Operating Officer at Firmspace. The idea of a shorter workweek has been around for decades. In fact, it was FDR who supported a 30-hour workweek in 1933 as a way to stimulate employment after the Great Depression. While opinions on shorter workweeks have been largely split since the days of FDR,
Sales of previously owned homes declined 2% in August from July to a seasonally adjusted annualized rate of 5.88 million units, according to the National Association of Realtors. Sales were 1.5% lower than August 2020 for the first annual decline. Sales however are still above pre-pandemic levels. These numbers are a count of home closings
S&P Global Ratings has singled out states’ underfunding of retiree medical benefits as a key credit risk for states. States continued to sharply underfund their OPEB plans and unfunded liabilities ticked upward in fiscal 2020, S&P analysts reported in their annual survey published Monday. During the economic expansion preceding the pandemic, few states pursued and
Chinese markets fell on their first day of trading this week after a public holiday as concerns built in global markets over a possible default by property developer Evergrande on an international bond repayment. But the losses were not as heavy as feared after the real estate company, which has total liabilities of more than
Dfinity Foundation’s Internet Computer blockchain is bringing smart-contract capabilities to the Bitcoin (BTC) network, potentially opening the door to new use cases for the premier cryptocurrency. Internet Computer will utilize its so-called chain key cryptography to integrate with Bitcoin, paving the way for smart contracts with native BTC addresses that are hosted directly on Internet