Political brinkmanship has the nation’s credit rating headed towards a race against the clock in the U.S. Senate, though the crisis now appears near resolution after the House Wednesday night passed the 99-page Fiscal Responsibility Act of 2023, a bipartisan effort to avoid default. Municipal market participants are moved to cautious optimism about the latest events.
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Rishi Sunak’s government on Thursday refused to hand over Boris Johnson’s unredacted WhatsApp messages to the official Covid public inquiry, instead launching a legal challenge to try to keep them secret. The move puts Sunak at loggerheads with the inquiry, headed by former judge Baroness Heather Hallett, and fuelled claims by opposition parties that he
Ejs9 | E+ | Getty Images Assessing how fast prices are changing for consumers may sound straightforward. But that’s not always the case — measurement quirks in consumer price index categories such as housing, technology and health insurance mean inflation readings don’t always jibe with the actual prices people pay. The dynamic is important: It
BitCulture explores arts, culture, music and media in blockchain and Web3. Fine art on the blockchain Exchange.art head curator Haley Karren came to Web3 from some of the world’s leading art institutions and says that working with 14,000 artists on Solana’s fine art marketplace has broadened her tastes. “I have a new appreciation for pixel art,
In episode 22 of Hashing It Out with Cointelegraph’s Elisha Owusu Akyaw, Sara Gherghelas, blockchain research analyst at DappRadar — a cryptocurrency data tracking platform — discusses the recent hype around memecoins, while looking at on-chain data. Gherghelas also provides insights on how other sectors, such as nonfungible tokens (NFTs), are faring as memecoins take
Modern and luxury smart homes in Singapore, seen from above during a hot summer day at the Keppel Bay Yacht Marina area in the city centre. Tobiasjo | E+ | Getty Images Singapore’s private homes are now the most expensive in Asia-Pacific, having overtaken Hong Kong, according to a new report. Data from the Home
In this article CRWD OKTA CRM AI CHWY PSTG JWN Follow your favorite stocksCREATE FREE ACCOUNT Customers walk through a shopping mall along the Magnificent Mile in Chicago, March 15, 2023. Scott Olson | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the high-end department store jumped 9%
Pending state legislation that boosts Milwaukee’s revenue raising prospects falls short of what the city needs to manage rising pension and other costs, Fitch Ratings said in cutting the city’s general obligation bond rating by two notches. Fitch dropped the rating Tuesday to BBB-plus from A and warned of the potential for further deterioration by
In February of 2022, real estate developer M. Patrick Carroll relocated his company Carroll to Florida and purchased a brand new Miami Beach estate for $16350000. This incredible home was designed from the ground up by legendary architect and designer, Achille Salvagni. Completed in 2020, the home is truly a work of art in itself—inspired
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Oklahoma, which has been prevented from issuing bonds due to a delayed annual audit, could turn to a new state-financed revolving loan fund for capital projects under a bill passed by lawmakers last week. House Bill 1002X, which heads to the governor, would be a way to self-fund capital improvements as the state has been
The world’s largest natural soda ash producer plans to float in London, a boost to a stock market that has struggled to attract new listings and prevent companies from leaving. WE Soda, the UK-based group that produces the glassmaking ingredient and is controlled by Turkish media mogul Turgay Ciner, is targeting a $7.5bn valuation, enough
Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close. Analyst: Bitcoin reaching “crucial area” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make-or-break point for the
Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver claimed that Ethereum, not Bitcoin, will be responsible for driving the bulk of new users towards crypto. On a May 31 episode of the Show Me The Crypto podcast, Ver — labeled “Bitcoin Jesus” for his early Bitcoin advocacy — said that despite Ethereum’s
Construction on a real estate development project gets underway near the Bund in Shanghai, China, on May 25, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — New data show China’s massive property sector is still struggling to turn around, despite signs of recovery earlier this year. “In a reversal from April, prices
Municipals were firmer Tuesday as U.S. Treasuries rallied on improved chances that Congress will raise the debt ceiling and avoid a U.S. default. Equities ended mixed. Triple-A yields fell three to 10 basis points, depending on the scale, underperforming U.S. Treasuries, which improved by five to 14 basis points with the largest gains on the
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Moscow came under attack by several drones on Tuesday morning, Russian officials said, exposing the capital’s vulnerability to retaliation over President Vladimir Putin’s invasion of Ukraine. The barrage shortly after sunrise came as Russia launched another wave of air strikes on Kyiv, killing at least one person, hospitalising others and forcing the evacuation of a
The White House and Republicans reached a deal over the holiday weekend that will avoid the nation’s first breach of its debt limit and leave untouched leftover pandemic aid allocated to cities and states. A House vote on the Fiscal Responsibility Act of 2023 is set for Wednesday to move the bill ahead of a