Municipals were firmer Thursday as a billion-plus dollar deal from the New Jersey Transportation Trust Fund Authority priced in the primary market and outflows continued. U.S. Treasury yields fell and equities ended down. Triple-A yields fell one to five basis points, depending on the scale, while UST were better by six to 10. The two-year
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeremy Hunt is looking at cutting inheritance tax and business taxes in next week’s Autumn Statement, as ministers confirmed he would have more fiscal “headroom” than expected for giveaways. Hunt is under significant pressure from
High mortgage rates continue to weigh on the nation’s homebuilders, leading to an increase in price cuts to lure buyers. But builders are cautiously optimistic about recent signs that interest rates may move lower soon. Homebuilder sentiment fell six points to 34 in November on the National Association of Home Builders/Wells Fargo Housing Market Index
A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said. In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone contained a “critical vulnerability” known as a “bootloader unlock” attack which would supposedly
Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator. The New York State Department of Financial Services (NYDFS) unveiled new restrictions on Nov. 15 which mandate crypto companies submit their coin listing and delisting policies for NYDFS approval. Company policies will
Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart. Seyffart said in a Nov. 15 X (Twitter) post following the SEC delaying Grayscale’s ETH futures ETF bid
Municipals were mostly steady Wednesday as investors worked through more new-issue paper in the primary while U.S. Treasuries lost ground after Tuesday’s rally. Equities were mixed near the close. The dust settled Wednesday following Tuesday’s rally, as municipals were flat, according to a New York trader. “Everyone is reevaluating and taking a breather after the
The company responsible for meeting obligations on $250 million of green bonds issued in Alabama in 2022 may not be able to do so by December, it said in a recent disclosure filing. The Industrial Development Authority of Sumter County issued the exempt facilities revenue bonds to bankroll a production plant for wood pellet maker
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK Supreme Court has unanimously ruled that the government’s policy of deporting asylum seekers to Rwanda is unlawful, in a major blow to Rishi Sunak’s government. Lord Robert Reed, president of the Supreme Court,
Former US President Donald Trump appeared in court on Tuesday for the third week of a civil fraud trial in New York, on October 17, 2023. Fatih Akta | Anadolu Agency | Getty Images Donald Trump and his co-defendants asked a judge Wednesday to grant a mistrial in the $250 million civil business fraud case
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney CEO Bob Iger speaking with CNBC’s David Faber at the Allen&Co. Annual Conference in Sun Valley, Idaho. David A. Grogan | CNBC ValueAct Capital has taken a significant stake in Disney (DIS) and has been in dialogue with Disney’s management, the Activist Spotlight has
This lush, gated estate on the Southern California coastline is prepped for a buyer to unlock its potential. The flat 4.3-acre property in Carpinteria encompasses not one but two parcels totaling 350 feet of bluff top along the Pacific Ocean. The first contains the main house and guest studio. The second is a park-like stretch
In this article UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS chief U.S. economist Jonathan Pingle believes. U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal
Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Current homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly. Mortgage demand rose 2.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the second straight week of
The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers. The Securities and Exchange Commission has previously claimed the Bitcoin market can
Municipals were firmer across the curve, but underperformed a U.S. Treasury rally after a lower consumer price index report indicated the Federal Reserve may soon be done hiking rates. Equities also rallied. “The Fed looks smart for effectively ending its tightening cycle as inflation continues to slow,” said Bryce Doty, senior vice president and senior
A tranche of economic development revenue refinancing bonds issued by the Arkansas Development Finance Authority has been found to be taxable by the Internal Revenue Service. The ruling affects $5.43 million of paper issued by the ADFA in 2016. The issuer has received notice from the IRS via form 5701-B that includes a proposed adverse determination,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Suella Braverman has accused Rishi Sunak of a “betrayal” of his pledge to “stop the boats” in a blistering attack on the prime minister. The former home secretary lashed out at Sunak a day after
I just spent an entire week working in virtual reality using the new Meta Quest 3. While the experience still mostly sucked, I came away with some renewed optimism for VR in the workplace. As I took Ron’s outstretched, virtual hand for a handshake, my actual hand — in the real world — clumsily whacked
The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project. In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to