Moody’s Investors Service revised its rating outlook for the Aaa-rated District of Columbia to negative Monday, matching its Friday action on the United States government. At the same time, the rating agency affirmed the Aaa issuer ratings and stable outlooks of Florida, Maryland and Virginia. The actions follow Friday’s outlook revision on the United States
Puerto Rico Electric Power Authority bond parties that oppose the Oversight Board’s proposed debt deal filed suits challenging part of the deal, asked for compensation for Puerto Rico central government’s actions since March 2022 and proposed an alternate bond deal. The parties filed the suits this weekend in the U.S. District Court for Puerto Rico
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has sacked Suella Braverman, the controversial home secretary, after she defied the prime minister’s authority last week, as the he launched a major reshuffle of his top team. In further developments on Monday
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT A “For Sale” sign in Arlington, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Fewer people can afford to buy a house these days. On top of soaring home prices, 30-year fixed mortgage rates have been hovering near the highest level
Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCharts data. After the substantial rally, Bitcoin could face
Bitcoin (BTC) institutional investment vehicles have seen over $1 billion in new inflows in less than two months. In its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital. Crypto institutional product AUM up 99% year-to-date Bitcoin, Ether (ETH) and some major
Top Stories This Week CME overtakes Binance to grab largest share of Bitcoin futures open interest Bitcoin’s futures market is showing an interesting shift as global derivatives marketplace the Chicago Mercantile Exchange (CME) has surpassed Binance in terms of Bitcoin futures open interest. This change occurred after Bitcoin exceeded the $37,000 mark for the first
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top UN official has condemned attacks on hospitals in Gaza as “unconscionable” and “reprehensible”, as Israeli forces battled Hamas militants in the streets around the besieged strip’s largest medical facility. Martin Griffiths, the UN’s
In this article CYB-FF NOW AMZN AAPL Follow your favorite stocksCREATE FREE ACCOUNT A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023. Aly Song | Reuters Companies are feeling the ill effects of dampening consumer demand in a range of sectors, but select names are confident
In this article ITA XAR Follow your favorite stocksCREATE FREE ACCOUNT An F-15E fighter aircraft can carry seven groups of four StormBreaker bombs. Source: Raytheon As the war between Israel and the Hamas militant group ramped up last month, Kenneth Suna took to his investing-focused TikTok account. Suna began a video asking his more than
Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust. The proposed legal framework was pitched by Bitcoin Argentina’s president Ricardo Mihura at LABITCONF 2023 in Argentina’s capital, Buenos Aires on Nov. 10. Bitcoin Argentina previously dismissed the idea that the
The price of Solana (SOL) has soared 40% this week to establish a new 2023 high at around $58. That is Solana’s best weekly performance since January 2023. Many factors have contributed to the gains, including a general cryptocurrency market uptrend led by Bitcoin ETF euphoria and growing appetite for risk overall. Solana (SOL) weekly price chart.
Take a 20th-century Tudor-style estate, throw in a Moroccan king and British businessman Richard Branson, add beets and tomatoes, and you have the makings of a new ultraluxury community in the rolling hills of New Jersey. Natirar, as it’s called, is a country community based on wellness, sustainable living and connecting with nature. It’s set
Former Hells Angel Tim Wayne Medvitz has had some big ideas in the past decade and a half. One is to use his mountaineering skills to take seriously injured military veterans on climbs up the world’s highest peaks. The Heroes Project charity he created after a motorcycle accident shattered his body and life has been
BlackRock has argued that the U.S. Securities and Exchange Commission doesn’t have any legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund applications differently. BlackRock’s plan for a spot-Ether (ETH) ETF called the “iShares Ethereum Trust” was officially confirmed on Nov. 9, after Nasdaq submitted the 19b-4 application form to the SEC on the firm’s
Business taxes are set to fall in this month’s Autumn Statement as UK ministers signalled that they want to incentivise companies to pull Britain out of its growth stupor. As new data showed the economy flatlining, chancellor Jeremy Hunt and his deputy John Glen made clear their desire to cut business taxes, including by extending
Municipals were little changed to close out a busy week in both the primary and secondary, while U.S. Treasury yields fell out long and equities rallied. “Although this round of muni market bullish reversal was pulled off one week later than Treasuries’, the rally progressed better,” said BofA strategists. The 10-year UST reached its peak
Puerto Rico’s upcoming gubernatorial and legislative elections may lead to a new governor but aren’t likely to change local policy significantly, observers say. At this stage, the main drama seems to be in the New Progressive Party governor’s primary, which sees Puerto Rico Resident Commissioner Jenniffer González Colón running against Gov. Pedro Pierluisi. As Resident
A team of academic researchers from the International Hellenic University and Democritus University of Thrace in Greece recently published a paper supporting the “efficient market hypothesis” (EMH) for bitcoin trading. EMH is a controversial theory that the researchers claim contributed to the development of models capable of outperforming the hodl strategy by nearly 300% in
Georgia Gov. Brian Kemp has extended the suspension of his state’s gasoline tax for another month amid sustained high fuel costs. Kemp cited “ongoing economic hardships caused by rampant inflation” Wednesday when he signed an executive order foregoing Georgia’s 31.2 cents-per-gallon tax on gas and 35 cents-per-gallon tax on diesel for another month through Nov.