Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the
Municipals were weaker as mutual fund outflows continued, while U.S. Treasuries extended their selloff and equities ended in the red. Triple-A yields rose one to three basis points, with the larger losses out long, while UST yields rose eight to 10 basis points across the curve. Muni-UST ratios fell with the three-year at 65%, the
The current crypto bear market has induced panic, fear and uncertainty in investors. The dire situation started when the global market capitalization of crypto dropped below the $2 trillion mark in January 2022. Since then, the price of Bitcoin (BTC) has decreased by over 70% from its all-time high of $69,044.77, reached on Nov. 10,
Video: Liz Truss resigns as UK prime minister Rishi Sunak, former chancellor, has emerged as the early favourite to become Britain’s next prime minister, after Liz Truss terminated a 44-day premiership marked by economic and political turmoil. Truss’s resignation made her the shortest-serving prime minister in Britain’s history; her time in Number 10 will be
In this article CZR SLG Follow your favorite stocksCREATE FREE ACCOUNT Video slot machines at Caesars Palace in Las Vegas, Nevada. George Rose | Getty Images Developer SL Green Realty is working with casino operator Caesars Entertainment on a bid to bring a casino to New York’s Times Square, the companies announced Thursday. The partners
Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s (BTC) relative discount to its high hash rate in October — the largest since the first quarter of 2020 — could soon see Bitcoin return to “its propensity to outperform most assets.” In an Oct. 19 Twitter post, the Bloomberg analyst suggested that Bitcoin’s ever-increasing hash rate
Chamath Palihapitiya, Social Capital Founder and CEO CNBC A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check space already roiled by a tough market environment. A total of 27 SPAC deals, worth $12.8 billion, have been liquidated this year, according
Liz Truss’s UK government was plunged into complete disarray on Wednesday as Suella Braverman was forced to quit as home secretary and party discipline collapsed in the House of Commons. Many Tory MPs said the government was dying, as recriminations flew over Braverman’s ousting and Tory MPs openly rebelled over the government’s plans to resume
Munis were weaker Wednesday but they outperformed a U.S. Treasury selloff that pushed the 10- and 30-year to yields not seen in more than a decade. Equities ended in the red. Triple-A muni yields rose two to five basis points, depending on the scale, while USTs rose nine to 12 basis points, pushing the yields
Ashley Graham is more than just a supermodel and entrepreneur, she’s also a mom to three beautiful boys, two-year-old Isaac and newborn twins, Malachi and Roman. As she approached the birth of her twins in early 2022, she realized not only would she need to design a nursery, but because they recently moved to a
Bondholders and insurers of Puerto Rico Electric Power Authority revenue bonds are defending what they say is their lien on the authority’s revenues. The parties filed a 73-page defense Monday in an adversary complaint in the PREPA bankruptcy on the lien issue. Their defense responds to an Oversight Board complaint submitted Oct. 3 that said
The lack of a decisive catalyst and the strength in the United States Dollar Index (DXY) has kept the recovery of risky assets under check. Bitcoin (BTC) remains stuck inside a tight range, searching for that elusive breakout. The longer the time Bitcoin spends inside the range, the greater will be the eventual breakout from
The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” said the commissioner. EU Commissioner Calls on U.S. Lawmakers to Establish New Crypto Rules Mairead
In this article JBHT IBKR ADBE UAL ISRG NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Netflix — The streaming giant’s shares skyrocketed more
Staked ETH withdrawal and lower gas fees are some of the developments expected with the next critical improvements for the Ethereum network, the Shanghai upgrade. The testnet version, dubbed Shandong, is now live. Developers can now begin working on the implementations; a process expected to continue until September 2023. This is the first major update
In this article CL Follow your favorite stocksCREATE FREE ACCOUNT Daniel Loeb Simon Dawson | Bloomberg | Getty Images Dan Loeb’s Third Point has built a sizeable stake in consumer giant Colgate-Palmolive, according to CNBC’s David Faber. Loeb sees hidden value in Colgate’s subsidiary, Hill’s Pet Nutrition, a pet food company, if it were spun
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Starboard Value has taken a stake in Salesforce, with founder Jeff Smith saying a significant opportunity remains in the enterprise software maker, according to CNBC’s David Faber.
Municipals were little changed Tuesday amid a multi-billion-dollar large new-issue day with various credit offerings, while U.S. Treasuries improved slightly and equities ended up. Triple-A curves were a touch firmer in spots as secondary trading took a backseat to the larger primary activity with Connecticut general obligation bonds, CommonSpirit healthcare and several competitive issues led
Chancellor Jeremy Hunt is preparing to raid the profits of banks and energy companies in an attempt to fill a £40bn fiscal hole through a mix of tax rises and public spending cuts. Hunt’s Budget on October 31 is due to include big tax rises, with allies of the chancellor saying they expect him to
States and localities would be required to implement greenhouse gas emissions performance measures under a proposed federal rule that’s sparked opposition from issuer groups and Republican senators. The proposed rule from the Federal Highway Administration would require state departments of transportation and metropolitan planning organizations to establish greenhouse gas emissions targets and develop a method