The price of Bitcoin (BTC) has fallen more than 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital. The price drop has wiped $22 billion from Bitcoin’s total market capitalization, which is now at $430.9 billion, according to Cointelegraph Markets Pro. Eth (ETH), XRP
Municipals were weaker Thursday as outflows from muni mutual funds continued. U.S. Treasury yields rose, with all maturities now yielding above 4%, and equities ended mixed. Treasury yields rose as initial jobless claims came in below 200,000 for the seventh straight week and unit labor costs for the fourth quarter were revised up to 3.2%
In this article SBNY SI Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | Lightrocket | Getty Images Shares of Silvergate Capital plummeted Thursday after the bank delayed the filing of its annual 10-K report as it evaluates events that have happened since the end of 2022. The company, which provides banking services to crypto
The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily. Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury. “Rates continue to move at the suggestion of economic
On Episode 10 of Cointelegraph’s Hashing It Out podcast, Celo president Rene Reinsberg joins Elisha Owusu Akyaw (GhCryptoGuy) to discuss the regenerative finance (ReFi) movement, which focuses on the building blocks of decentralized finance (DeFi) and the principles of regenerative economics. Reinsberg also explains how Celo intends to stay relevant in the multichain world of
In this article OKTA M CRM BOX SI SNOW DLTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT The Salesforce West office building in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Salesforce — Shares of the cloud software maker
The struggles of two public hospital districts in central California are emblematic of financial pressures facing the healthcare industry. Kaweah Delta Health Care District in Visalia violated a debt service ratio covenant in its master bond indenture, forcing it to put $18.1 million into a debt service reserve fund two weeks ago; 150 miles west
US secretary of state Antony Blinken has met Russian foreign minister Sergei Lavrov for the first time since the Kremlin launched its full-scale invasion of Ukraine last year. Blinken and Lavrov spoke for about 10 minutes on the sidelines of a meeting of G20 foreign ministers in New Delhi on Thursday, according to a state
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Trading platform Robinhood has launched its Web3 wallet on Apple’s App Store, becoming available to iOS users in over 130 countries. Robinhood shared the news in a March 1 post, stating that users would no longer need to sit on a waitlist to access the new multichain self-custody wallet. Robinhood added that the wallet will
Hundreds of anti-Netanyahu protesters gathered on Wednesday outside a hair salon after the prime minister’s wife, Sara, was spotted at a hair salon nearby. Picture Alliance | Picture Alliance | Getty Images New concerns about Israel’s economy are leading global investors to question the money they have in the country. Massive protests have intensified in
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the world economy is on the verge of collapse. He warned investors about the risks of bank runs, frozen savings, and bail-ins that may come next. Robert Kiyosaki on Collapsing World Economy The author of Rich Dad Poor Dad, Robert Kiyosaki,
Municipals were little changed to kick off the month, while U.S. Treasuries were weaker and equities ended mixed. The three-year muni-UST ratio was at 60%, the five-year at 62%, the 10-year at 65% and the 30-year at 90%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the three at 64%, the
Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Mortgage applications to purchase a home dropped 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 44% lower than the
Throughout the country, real estate agents are taking courses in implicit bias and the origins and effects of racism. In New York State, employers AND the state both mandate these courses, so many agents and managerial staff are taking them twice. In a country which remains rife with prejudice, do these courses actually impact people’s
Federal Reserve Bank of Atlanta President Raphael Bostic called for continued interest-rate hikes to above 5% ensure that inflation returns to the central bank’s target and doesn’t reaccelerate in a pattern similar to the 1970s. “I think we will need to raise the federal funds rate to between 5% and 5.25% and leave it there
Andrew Bailey has signalled that financial markets have been wrong in their growing belief over the past month that the Bank of England will need to impose many more interest rate rises to bring inflation under control. Speaking at a cost of living conference in London on Wednesday, the BoE governor said the central bank
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