States have never spent more money, as general fund spending for all states topped $1.08 trillion for fiscal year 2022, an 18.3% increase over FY 2021 levels and the highest annual growth ever recorded by the National Association of State Budget Officers’ Fiscal Survey since its inception in 1979. That’s due to a number of
The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14. The rejection did not invalidate the 4-week-long ascending channel, but a weekly close below $825 billion will confirm a shift to the lower band and reduce the support level to $790 billion.
An Oklahoma legislator has once again filed a bill prohibiting government contracts with companies, including banks that underwrite municipal bonds, if they “discriminate” against the firearm industry. Republican State Sen. Casey Murdock authored a similar bill that fell short of passage in the 2022 legislative session. “The bill actually had wide margins of support in
Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. The Ether sell-off follows a market-wide decline that has sent Ethereum network fees plummeting by 39.90% in the past 30-days. The total value
The U.S. House of Representatives has passed a bill that would give Puerto Rico voters a chance to vote for statehood or other options, but it is unlikely to make it through the Senate and become law this session. The U.S. House voted 233 to 191 in favor Thursday, with all Democrats and 16 Republicans
The Capital Region Medical Center in Missouri will hold an investor call Monday as it works to finalize a forbearance from 2022 covenant defaults in an effort to buy time to stabilize its troubled financial condition. Capital Region reported non-payment related defaults in a Dec. 8th post on the Municipal Securities Rulemaking Board’s EMMA website.
Evidence of a wave of Covid-19 deaths is beginning to emerge in Beijing despite official tallies showing no fatalities since an uncontrolled outbreak began sweeping through China’s capital this week. Staff at one crematorium in Beijing said they cremated the bodies of at least 30 Covid victims on Wednesday and Financial Times reporters saw two
In an attempt to further sever the state’s financial ties with businesses that have divested from the fossil fuel industry, Kentucky lawmakers are mulling new anti-ESG investment regulations. Attorney General David Cameron affirmed his support for expanding disclosure rules for environmental, social, and governance-related investments by major banks and businesses, and giving the state wider
Municipals were little changed as secondary trading slowed Thursday but the short-end remains under pressure and outflows returned to municipal bond mutual funds. U.S. Treasuries ended the session mixed and equities sold off hard. Muni-UST ratios were steady Thursday. The three-year muni-UST ratio was at 61%, the five-year at 67%, the 10-year at 72% and
In this article SNAP T NFLX MS Follow your favorite stocksCREATE FREE ACCOUNT The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading. Netflix— Netflix tumbled 8.6% following a report from Digiday that said the
As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data provider. That’s down 18.4% from
The Bank of England raised interest rates on Thursday by half a percentage point to 3.5 per cent, the highest level in 14 years, warning that further rate rises were likely. In a vote showing a large majority on the central bank’s Monetary Policy Committee for “forceful” action against inflation, six of the nine members
Short-end municipals saw continued pressure Wednesday, further inverting the muni curve, while Fed Chairman Jerome Powell’s hawkish comments sent traders digesting the Fed’s next moves after the Federal Open Market Committee hiked rates 50 basis points. U.S. Treasuries ended the session slightly better after see-sawing post-FOMC and equities closed with losses. In his post-FOMC meeting
Considering an idyllic spot on the water in the Turks and Caicos Islands? Kira Isle, Leeward, on Providenciales may just be the ticket. The family-oriented community boasts a marina, restaurants, water sports companies and an international school, among other services, according to Gordon Williams of Grace Bay Realty. “Homeowners in this area have the luxury
The Securities and Exchange Commission has proposed a new Regulation Best Execution that would establish a best execution standard, mandating that dealers in any transaction with a customer or a customer of another broker-dealer use reasonable diligence to determine the best market for the security and buy or sell so that the price is as
On Dec. 14, Bitcoin (BTC) price hit a 1-month high and saw a brief resurgence in bullish momentum, but the Federal Reserve’s Federal Open Market Committee (FOMC) hawkish report and comments from Fed chair Jerome Powell sent BTC to an intraday low at $17,659. Stocks and Bitcoin started the day slightly up but quickly retracted
Bitso, a Latam-focused cryptocurrency exchange, has partnered with chat-based payments provider Felix Pagos in order to offer Whatsapp-integrated remittances. The objective of this partnership is to put nearly instant chat-based remittances in the hands of Mexican and US users that might be intimidated by crypto tech otherwise. Bitso to Power Felix Pagos Whatsapp-Integrated Remittances Remittances
UK inflation dipped to 10.7 per cent in November as an easing in the rise in petrol prices helped to lower the rate from a 41-year high of 11.1 per cent last month. The figure was better than an expected 10.9 per cent and economists said the annual inflation rate had now probably passed its
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, November 2, 2022. Elizabeth Frantz | Reuters The Federal Reserve is expected to raise interest rates by a smaller half percentage point Wednesday yet signal that its
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk in front of the Twitter Inc. headquarters in San Francisco, California. David Paul Morris | Bloomberg | Getty Images In an effort to cut costs following Elon Musk’s chaotic $44 billion acquisition of Twitter, the social media company has stopped paying rent, according