In this article UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS chief U.S. economist Jonathan Pingle believes. U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal
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Potential homebuyers attend an open house in Seattle. Mike Kane | Bloomberg | Getty Images Current homeowners and potential homebuyers are responding to lower mortgage rates, albeit slowly. Mortgage demand rose 2.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the second straight week of
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Municipals were firmer across the curve, but underperformed a U.S. Treasury rally after a lower consumer price index report indicated the Federal Reserve may soon be done hiking rates. Equities also rallied. “The Fed looks smart for effectively ending its tightening cycle as inflation continues to slow,” said Bryce Doty, senior vice president and senior
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A tranche of economic development revenue refinancing bonds issued by the Arkansas Development Finance Authority has been found to be taxable by the Internal Revenue Service. The ruling affects $5.43 million of paper issued by the ADFA in 2016.   The issuer has received notice from the IRS via form 5701-B that includes a proposed adverse determination,
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Bitcoin (BTC) targeted $37,000 at the Nov. 14 Wall Street open as the latest United States inflation data undercut expectations. BTC/USD 1-hour chart. Source: TradingView CPI offers Bitcoin, stocks a pleasant surprise Data from Cointelegraph Markets Pro and TradingView showed BTC price strength returning as the Consumer Price Index (CPI) reflected slowing inflation in October.
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The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project. In a Nov. 13 X (formerly Twitter) post, ZachXBT shared screenshots showing various social media accounts and websites tied to
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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
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The Financial Industry Regulatory Authority has fined Knoxville, Tennessee-based Home Financial Services $50,000 for its failure to disclose execution times, mark-ups, mark-downs and related supervisory failures on customer confirmations for thousands of municipal securities transactions. Without admitting or denying the findings, Home Financial has consented to the fine and a censure. The action arose from
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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
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