Workers at the Dollar General store. Jeremy Hogan | LightRocket | Getty Images The index gurus are at it again. Some of the best-known stocks are getting reclassified on Friday, and that means a lot of money is going to move around. Ever wonder why Walmart is classified as a consumer staples stock in the S&P
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The OECD has urged central banks to “stay the course” and continue raising interest rates despite turmoil in financial markets, warning that inflation was still the main threat to the world economy. In an update to its November economic forecasts, completed as tensions mounted this week in the banking sector, the Paris-based international organisation upgraded
Bitcoin (BTC) software firm Lightning Labs and blockchain startup Tari Labs have agreed to convert a court-ordered temporary restraining order that halts the development of Lightning’s Taro protocol. In a March 15 filing, lawyers for both Lightning and Tari proposed converting the restraining order to a preliminary injunction — a temporary order that prevents a
In this article FRC MRK FDX Follow your favorite stocksCREATE FREE ACCOUNT A worker sorts packages at a FedEx Express facility on Cyber Monday in Garden City, New York, US, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. FedEx — The package-shipping
Munis largely ignored a U.S. Treasury sell-off as reports that some troubled banks were getting new funding helped calm investors’ concerns about a global banking crisis. Equities rallied on the news. Triple-A benchmarks were bumped up to five basis points, depending on the scale, while UST yields rose 10 to 25 basis points 10 years
A Biden administration proposal aimed at providing relief for transit agencies struggling with anemic ridership would benefit large agencies but could pressure smaller ones, local transit officials told a Senate panel Wednesday. President Joe Biden’s fiscal year 2024 budget, unveiled last week, would free up $6.7 billion in so-called 5307 urbanized area grant formula grants
In this article US6M Follow your favorite stocksCREATE FREE ACCOUNT Young man working at home Eva-katalin | E+ | Getty Images Investors seeking safety from last year’s market havoc went running to Uncle Sam — that is, they opened more than 3 million accounts to buy Treasurys and other bonds directly from the U.S. government.
Viorel Kurnosov | Istock | Getty Images With roughly two more months before the U.S. Department of Health and Human Services ends the three-year Covid public health emergency, more than 5 million of the nation’s households remain behind on their rent. All together, tenants continued to owe nearly $11 billion in rental debt during the
Meta, the social media company, will continue to shed part of its workforce, recently announcing 10,000 new layoffs to be executed during 2023 as part of its new efficiency policy. Mark Zuckerberg, CEO of the company, stated that artificial intelligence (AI) was currently the company’s most prominent investment, even over the metaverse. Meta Announces 10,000
Credit Suisse shares rebounded sharply on Thursday after the lender revealed plans to borrow up to SFr50bn ($54bn) from the Swiss central bank and buy back about SFr3bn of its debt in an attempt to boost liquidity and calm investors. The Swiss National Bank had said on Wednesday it was willing to provide a liquidity
Join us for a conversation with preeminent banking regulation attorney H. Rodgin Cohen of Sullivan & Cromwell and American Banker Editor-in-Chief Chana Schoenberger to discuss how financial institutions can navigate these challenges. Transcript: Josh Rucci: Welcome, everybody, to snowy Arizent Studios. We are honored to have you here for a very informative and quite timely
Moody’s Investor’s Service raised the outlook on the A. B. Won Guam International Airport senior revenue bonds Baa2 rating to stable from negative Wednesday. Moody’s Lead Analyst William Oh said the improved outlook stemmed from Moody’s expectation that enplanement levels will continue to improve because South Korea and Japan have lifted COVID-19-related travel restrictions. The
On this episode of Decentralize with Cointelegraph, United States policy reporter Turner Wright and opinion editor Rudy Takala speak to listeners about their experiences at the ETHDenver conference from Feb. 24 to March 5. Wright arrived in time to interview industry experts, check out a “hacker house” and watch developers go through BUIDLWeek. Takala talks
The United States equities markets tumbled on March 15 after Saudi National Bank, Swiss Bank Credit Suisse’s largest investor, said it will not be able to provide any more funding to Credit Suisse due to regulatory limitations. Investors are nervous because Credit Suisse, which has large U.S. and global operations, warned on March 14 that
A report by global design firm Gensler recently reported planet Earth can sidestep global climate catastrophe only by slashing greenhouse pollution 45% by 2030 and 100% by 2050. The figures Gensler cited were from Architecture 2030, an organization whose mission is to “rapidly transform the built environment from the major emitter of greenhouse gases to
Bitcoin (BTC) is setting up a classic trading move, which could see it hit a giant $100,000, one analyst says. In a tweet on March 14, Charles Edwards, founder and CEO of investment firm Capriole, called BTC price action in 2023 a “bump & run reversal.” Edwards on BTC price: The “bottom is back” Having
Budget October 27 2021 Prime minister: Boris Johnson; Chancellor: Rishi Sunak. Rishi Sunak delivered a “tax, spend and save” Budget, his third and final as UK chancellor. He raised taxes to their highest level in 70 years on the back of forecasts that gave him a £35bn annual windfall and promised to pump more money
Illinois drew a fresh rating upgrade Tuesday for making further progress in tackling its chronic fiscal sore spots. Moody’s Investors Service raised Illinois’ general obligation and sales tax-backed Build Illinois bonds by one notch to A3 from Baa1 and assigned a stable outlook. The upgrade also lifts the Metropolitan Pier & Exposition Authority’s rating one
In this article FRPT GES LEN AAWW FRC WAL KEY Follow your favorite stocksCREATE FREE ACCOUNT Newly constructed houses built by Lennar Corp are pictured in Leucadia, California March 18, 2015. Mike Blake | Reuters Check out the companies making headlines after the bell: Lennar — The homebuilding stock gained about 2% in extended trading.
Municipals were little changed Tuesday in secondary trading as the $1.25 billion deal from the New York City Transitional Finance Authority took focus in the primary. Days after the Silicon Valley Bank collapse, U.S. Treasuries reversed course and sold off on the heels of the most recent inflation report. Equities ended up. Triple-A benchmarks largely