If Las Vegas is America’s playground, then nearby Henderson could be considered America’s home building playground. The Nevada community is frequently the site of the National Association of Home Builders annual New American Home–a demonstration residence for showing off the latest and greatest technologies, materials and features. Over the years the desert city has become
admin
South Carolina Gov. Henry McMaster’s $36 billion budget proposal for fiscal year 2024 seeks to raise capital spending without adding debt and bolster reserves. McMaster told lawmakers in a letter last week he wants to take full advantage of the state’s unexpected $3.8 billion budget surplus ahead of a potential recession. “South Carolina’s booming economy
Investors across asset classes have been keeping a close watch on the United States Federal Reserve’s monetary policy because that sets the stage for a risk-on or a risk-off environment. The strong rally in the U.S. stock markets on Jan. 6 and in cryptocurrencies over the weekend suggests that market observers anticipate the Fed to
The Federal Reserve Bank of Kansas City’s search for a new president is coming down to the wire. Esther George, the bank’s current president and CEO, turns 65 on Sunday, a milestone that triggers her mandatory retirement, according to Federal Reserve System rules. With just a matter of days left before that marker is reached,
The crypto market is up today and Bitcoin (BTC), Ether (ETH), Solana (SOL) and other altcoins are rallying in anticipation of fresh United States economic data this week. Is crypto volatility about to return? Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD hitting its highest since Dec. 16, 2022. Despite the strength of recent performance, the
Eurozone unemployment hit a fresh record low, while output from German factories rose in November, boosting hopes of a milder-than-feared economic downturn across the single currency area. Figures from Eurostat, the European Commission’s statistics bureau, showed that the number of people in the labour market without work fell slightly in November. Eurostat reported 10.849mn workers
A Lululemon store in New York Scott Mlyn | CNBC Check out the companies making the biggest moves premarket: Lululemon — Shares of the Canadian apparel company fell more than 10% after Lululemon lowered its gross margin guidance for the first quarter. The “athleisure” chain raised its net revenue guidance for the fourth quarter and
Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy
EY is setting aside $2.5bn to fund an acquisition spree for its consulting arm following its planned separation from the Big Four firm’s audit business, as it presses ahead with preparations for the historic split. The war chest will allow the new company, which EY is aiming to float in New York, to double the
In this article PERI-IL BMBL BKNG AAPL MSFT META AMZN DV Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook poses in front of a new MacBook Airs running M2 chips display during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters With the brutal 2022 behind
Top Stories This Week Sam Bankman-Fried enters not guilty plea for all counts in federal court Former FTX CEO Sam Bankman-Fried (has pleaded not guilty to all charges related to the collapse of the crypto exchange, including wire fraud and securities fraud. He faces eight criminal counts, which could result in 115 years in prison
Companies have rushed to borrow money in the US corporate bond market in the first week of the year, taking advantage of easier financial conditions as investors scale back their expectations for the path of future interest rates. In the first seven days of 2023, companies from Credit Suisse to Ford issued $63.7bn worth of
Bitcoin (BTC) traded nearer $17,000 on Jan. 7 after the end of the year’s first trading week delivered a spike higher. All eyes on CPI Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it briefly passed the $17,000 mark the day prior. The pair had seen flash volatility on the back of fresh
In her inaugural address, Massachusetts Gov. Maura Healey affirmed her administration’s commitment to overhauling the state’s public transportation infrastructure. “The state of our trains and roads and bridges today is unacceptable,” Healey said Thursday, adding there was an “urgency” for capital development of the state’s neglected transportation infrastructure as she took office. Her plan calls
Burton G. Malkiel, professor emeritus of economics at Princeton University, speaks at the John C. Bogle Legacy Forum in New York, U.S., on Tuesday, Jan. 31, 2012. Peter Foley | Bloomberg | Getty Images This week, Princeton professor Burton Malkiel has published the updated, 50th anniversary edition of A Random Walk Down Wall Street: the
Municipal yields fell Friday ahead of a heavier new-issue calendar while U.S. Treasuries and equities rallied after the latest jobs report offered signs that may suggest inflation will be cooling. Triple-A benchmark yields fell six to 15 basis points, depending on the scale, pushing the 10-year muni below 2.50% and the 30-year muni below 3.50%.
Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal Reserve policy of tapering and
Chicago sent a $242 million supplemental payment to its pension systems, making good on a funding policy adopted as part of the 2023 budget that helped lift its one junk rating back into investment-grade territory. Efforts to better align expenses with recurring revenues, shed one-time maneuvers like scoop-and-toss debt restructuring, and complete a move to
A “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, May 9, 2022. Mike Blake | Reuters December’s strong job growth combined with slowing wage inflation is fueling optimism that the economy might just see a soft landing. But economists disagree on whether that will be the
The crisis that has engulfed Republican House leadership this week, whatever the outcome, could complicate the public finance agenda in the 118th Congress. For issuers, an emergent ultra-conservative influence in the House could raise the risk of a government shutdown and bring fresh scrutiny to key topics like the so-called PAYGO waiver for tax subsidies,