Bitcoin (BTC) tapped $40,000 after the Dec. 8 Wall Street open as United States employment data shrunk market bets on interest rate cuts. BTC/USD 1-hour chart. Source: TradingView Bitcoin holds firm as jobs data unsettles U.S. dollar Data from Cointelegraph Markets Pro and TradingView covered the latest BTC price action as risk assets reacted to
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The U.S. Treasury Department would be authorized to float up to $1 billion of bonds exempt from state and local taxes to fund climate resiliency projects under a measure introduced Wednesday by Sen. Dick Durbin, D-Ill. The bill would allow Treasury to issue “climate bonds” for purchase by “any American” to finance projects undertaken by
Hong Kong residential prices could fall by another 10% in 2024, according to DBS Hong Kong. Bloomberg | Bloomberg | Getty Images Hong Kong’s property market has plunged nearly 20% since its peak, and it may be a good time for homeowners to buy — but investors might want to think twice, according to Peter
Municipals were slightly firmer Thursday as the last of the week’s large new-issues came and went while U.S. Treasuries were little changed and equities ended up ahead of Friday’s much-anticipated jobs report. Triple-A yields fell one to three basis points while USTs yields were relatively flat, only a basis point down out long. Relative value
Labour’s shadow City minister has unveiled 10 grandees from the Square Mile to advise the party, insisting her party has long stopped “sneering at business”. Tulip Siddiq said Labour wanted to work with the banking sector and she promised to prioritise stability after the upheavals of Brexit and Covid. “We are not coming in and
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A GameStop store in a strip mall in Chicago on March 16, 2023. Scott Olson | Getty Images Struggling retailer GameStop is giving its CEO and chair Ryan Cohen even more control, including the ability to use company cash to buy other stocks. In its
United Arab Emirates firm Phoenix Group has disclosed a new purchase of hardware equipment from WhatsMiner, aimed at expanding its portfolio of hydro cooling rigs. According to an announcement on Dec. 7, the $380 million deal represents WhatsMiner’s largest order in two years. Under the agreement, Phoenix received mining equipment valued at $136 million, with
Is a game even a game without bots? Pixels CEO doesn’t think so Some think that bots in games is a sign of the apocalypse, or perhaps just the makers trying to fill up an empty venue to make it look popular. But Pixels founder and CEO Luke Barwikowski says that conversely, if people aren’t
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT A Redfin sign in front of a home for sale in Atlanta on Nov. 10, 2022. Elijah Nouvelage | Bloomberg | Getty Images This year was the least affordable year for homebuying in at least in the past 11 years, according to a Thursday report
BNP Paribas Securities Corp. officially opened its Miami office on Wednesday with a ribbon cutting ceremony attended by bank officials and local government dignitaries. “Adding Miami as a key location for our corporate and institutional banking business will be an important part in getting closer to our many clients in the South Florida area and
Behind the glittery facades of London’s Selfridges and New York’s Chrysler Building, Austrian property billionaire René Benko assembled a financial time bomb. Benko’s Signa Group, which bought stakes in the two trophy assets and amassed a €27bn ($29bn) property portfolio, racked up at least €13bn in debt during the years when the cost of borrowing
Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Monday, Nov. 27, 2023. China is ramping up pressure on banks to support struggling real estate developers, signaling President Xi Jinping’s tolerance for property sector pain is nearing its limit. Source: Bloomberg Bloomberg | Bloomberg | Getty Images BEIJING — China
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has unveiled a highly contentious “emergency” bill that deems Rwanda a “safe” country in law in an effort to revive his policy of sending migrants to the east African nation. The bill states
Municipals were firmer Wednesday while a busy primary market saw Pennsylvania sell $2.1 billion of general obligation bonds competitively and the New York City Transitional Finance Authority repriced its $1.3 billion of revenue bonds in the negotiated market with yields lowered by up to 12 basis points from Tuesday’s retail offering. Treasuries were firmer five
Bitcoin (BTC) has been on a tear, rising more than 10% this week. This shows that traders are urgently scrambling to buy Bitcoin as they anticipate the price to rally further. CoinShares data shows that investors have pumped in more than $1.44 billion into Bitcoin investment products in the past ten weeks. The expectation is
Remember when a second home connoted a dwelling owners used occasionally, on the limited times annually when the family traveled from their primary residence for a vacation? That paradigm is being supplanted by the concept of “bi-residential” living, in which the modern second home rises to the status of an equal or near-equal of the
Real bipartisan legislative efforts are rare in Washington, DC, these days, but Democratic Senators Elizabeth Warren and Joe Manchin and Republican Senators Lindsey Graham and Roger Marshall have managed to come together to co-sponsor a bill focused on crypto crime. According to the senators, the Digital Asset Anti-Money Laundering Act of 2023 aims to close
The North Carolina Local Government Commission has approved the North Carolina Turnpike Authority’s request to issue up to $1.1 billion of revenue bonds and secure a Transportation Infrastructure Finance and Innovation Act loan. At its Tuesday meeting, the LCG approved the authority’s plans to finance over $1 billion of work on Phase 2 of the
Homes in Hercules, California, US. Bloomberg | Bloomberg | Getty Images After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market. Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.17% from 7.37%,
The Bitcoin Ordinals-based ORDI token has become the first BRC-20 token to top a $1 billion market capitalization after staging triple-digit monthly and weekly percentage gains. ORDI notched a new all-time high of over $65 on Dec. 5, surging more than 850% from around $6.80 on Nov. 5, according to CoinGecko data. ORDI is up 216%