The Inflation Reduction Act offers a crutch, if not exactly a lifeline, to operating nuclear plants, a sector long plagued with high debt and fixed costs that may now be poised for a rebound thanks to national clean-energy goals. The IRA, which President Biden signed into law Aug. 16, provides $30 billion in production tax
With a round of rating upgrades in hand, Illinois will hold an in-person and remote meeting with investors later this month to promote its fiscal progress ahead of its next bond sale. “The state of Illinois intends to hold an investor meeting on Wednesday, September 21st, in advance of an anticipated $700 million competitive general
The listing of ETHPOW (ETHW) across multiple crypto exchanges has been followed by a huge drop in price despite some initial success. ETHPOW drops 80% On the daily chart, ETHW’s price dropped by more than 80% to $25 on Sept. 10, over a month after its market debut. For starters, ETHPOW only exists as a
In this article CTRN Peopleimages | Istock | Getty Images Citi is expanding a program to encourage homeownership in diverse communities, as part of a new set of initiatives to broaden access to its lending products. The program, called HomeRun, seeks to help eliminate the key barriers to homeownership, particularly with regard to cost and
In this article DOCU RH ZS SPCE TSLA NAVI Check out the companies making headlines before the bell. DocuSign — Shares of the electronic signature company surged 16.4% after DocuSign’s quarterly numbers beat Wall Street expectations. DocuSign also shared revenue guidance for the third quarter above expectations and an outlook for the full year that
The Ethereum Merge is one of the most anticipated events in the crypto space this year. Because of this, crypto firms are on the lookout for any hiccups that may occur as the newly upgraded Ethereum network comes to life. In a Cointelegraph interview, Alexander Höptner, the CEO of crypto exchange BitMEX, shared how their
Polygon Chief Security Officer Mudit Gupta has urged Web3 companies to hire traditional security experts to put an end to easily preventable hacks, arguing that perfect code and cryptography are not enough. Speaking to Cointelegraph, Gupta outlined that several of the recent hacks in crypto were ultimately a result of Web2 security vulnerabilities such as
Fitch Ratings lifted Ohio’s issuer default and general obligation rating to AAA Thursday over its “fiscal resilience” bolstered by stronger reserves and cash balances. Moody’s Investors Service and S&P Global Ratings rate Ohio one notch below the top mark at Aa1 and AA-plus, respectively, and both assign a stable outlook. The upgrade “reflects material strengthening
Queen Elizabeth II, Britain’s longest-serving monarch, has died, leaving her people in mourning but reflecting on a life of duty in which she bound the country together through 70 years of momentous change. Her death, at the age of 96, was announced by Buckingham Palace at 6.30pm on Thursday. It marked a watershed moment in
In this week’s episode of Market Talks, we welcome Ray Salmond, head of markets at Cointelegraph. The main topic of discussion with Ray will be the recent crypto market pullback and whether there is a possibility of the price of Bitcoin (BTC) going all the way down to $15K. We take a look at the
The North Texas Tollway Authority (NTTA) will head to the municipal market next week with a $667 million tax-exempt revenue refunding bond issue after receiving a rating upgrade from S&P Global Ratings and a positive outlook from Moody’s Investors Service. Horatio Porter, NTTA’s chief financial officer, said the tollway has rebounded from the COVID-19 pandemic,
Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990 and it may be the worst since before that.” Strategist Discusses Possibility
Redfin, a technology-powered real estate brokerage, released a collection of statistics today that illustrate some of the positive effects of the current cooling housing market. After nearly two years of a highly competitive market, once rejected buyers finally have another chance to purchase that home they always wanted, even with higher mortgage rates making it
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several
Cook County, Illinois, extended the deadline by one week for eligible local governments to participate in a $300 million borrowing program that provides no-interest loans to manage a months-long delay in second installment property tax collections. The bridge loan program announced in July will spare suburban taxing bodies from having to issue tax anticipation notes
The pound has fallen to its weakest levels since 1985, reflecting the daunting scale of the economic challenge new prime minister Liz Truss faces as she prepares to unveil an emergency energy package. Truss will on Thursday give details of the state intervention to shield households and companies from soaring energy bills. Government insiders said
After trading near the $20,000 level for several days, Bitcoin (BTC) turned down sharply and dropped below $19,000 on Sept. 6. The fall was not limited to the cryptocurrency markets as the United States equities markets also closed lower on Sept. 6. Risky assets have been facing selling pressure in the past few days as
The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. UiPath — The stock tumbled 12.9% after UiPath issued weaker-than-expected third-quarter and full-year
An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and marks a 24% correction from the
Municipals were weaker to kick off the holiday-shortened week, but outperformed a U.S. Treasury selloff that saw the 30-year UST yield hit just shy of 3.5%, while equities saw losses. Triple-A benchmark yields rose up to seven basis points, while UST yields rose 11 to 15 bps with the largest losses on the long bonds,