According to a recent report published on Tuesday, the Israeli-American founder and CEO of Celsius Network, Alex Mashinsky, was in charge of the company’s trading strategy. The report, citing multiple people familiar with the matter, said Mashinsky sold millions of dollars’ worth of bitcoin in anticipation to buy bitcoin cheap. Except after the CEO allegedly
Municipals were weaker Tuesday as short-end munis continued to sell off, U.S. Treasuries were weaker 10 years and in and equities were mixed. Triple-A muni yields rose nine to 12 basis points in one-year, further inverting the curve on the short end. Heavy secondary trading on the short end moved one-year triple-A yields as much
After a nearly 30-year vacation from the bond markets, the Western Placer Waste Management Authority, California, returns next week with $97 million of solid waste revenue bonds. S&P Global Ratings assigned an AA rating to the deal. The $88.4 million Series 2022A bonds have a self-designated green label — without third-party verification — affixed, while
Billionaire tech entrepreneur Larry Ellison is parting with one of his oceanfront Palm Beach homes. After purchasing this 6.5-acre property in April 2021 for $80 million, he is now listing it for a whopping $145 million. The property is located in the ultra-exclusive enclave of Seminole Landing, a high-security gated community of 65 sprawling homes
What is a call option? You might have heard about option contracts in the past. There are calls and puts. When you’re buying a call, it means you’re looking for the stock to go to the upside, which is a bullish outlook. You can also sell a call, which means you’re looking for the stock
Hello and welcome to Zacks Investing For Beginners. This episode explores some of the best ways to start buying and picking stocks…
In this tutorial, we explain what we mean by divergence in the context of an oscillator and go on to give examples of how to read and use divergence with the Relative Strength Index (RSI), including examples with real-world charts. We also talk about how to combine divergence, overbought/oversold signals and failure swings into one
Real levels of UK wages fell at the fastest rate for at least 20 years in the second quarter of this year, but the labour market remains too tight for the Bank of England to feel comfortable about inflationary pressures. Data from the Office for National Statistics showed that in the three months to June
US homebuilder confidence fell in August, as high home prices, construction costs and interest rates threatened housing affordability and depressed demand. The National Association of Home Builders’ housing market index for August dropped 6 points to 49, below economists’ forecasts of 55, according to a Refinitiv poll. This is the first time since May 2020
Ether (ETH) rejected the $2,000 resistance on Aug. 14, but the solid 82.8% gain since the rising wedge formation started on July 13 certainly seems like a victory for bulls. Undoubtedly, the “ultrasound money” dream gets closer as the network expects the Merge transaction to a proof-of-stake (PoS) consensus network on Sept. 16. Some critics
After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using today’s ethereum exchange rates. Mega Ethereum Whale Distributes 145,000 Ether to 9 Different Addresses On August 14, 2022, onchain data
On Aug. 15, Bitcoin (BTC) price and the wider market corrected while the S&P 500 and DOW looked to build on four-straight weeks of robust gains. Data from TradingView and CNBC show the Dow pushing through its 200-day moving average, a first since April 21 and perhaps a sign for bulls that the market has
A new lender has been granted a licence by UK financial regulators to offer mortgages with fixed rates of up to 50 years in a move aimed at helping borrowers manage soaring inflation. Perenna, a UK-based specialist lender, is initially planning to provide home loans that lock in rates for 30 years, before rolling out
The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did back then, and insists America’s
Short-end munis extended their days long selloff, continuing to play catch up to short-end U.S. Treasuries, as triple-A munis correct from recent outperformance relative to taxables. USTs were firmer, while equities were up near the close. Triple-A benchmarks rose 11 to 15 basis points on the one-year and three to eight basis points in two
Vern Breland, the former mayor of Sterlington, Louisiana, responded Friday to fraud charges leveled by the Securities and Exchange Commission by denying any wrongdoing. Breland, the Texas-based municipal advisory firm Twin Spires Financial, and Aaron Fletcher, owner of Twin Spires, were charged with fraud in June in connection with the sale of some $5.8 million
Bitcoin (BTC) has been witnessing a tough battle between the bulls and the bears near the $25,000 level. A clear winner may not emerge in the short term due to a lack of a catalyst and because there is no major macroeconomic data scheduled for this week in the United States. Data points from Asia
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24
Infrastructure projects delivered as public-private partnerships have so far been protected from punishing construction cost increases because the contractors are legally on the hook for cost overruns and have been healthy enough to absorb the blows. But inflation, coupled with material and labor shortages, are prompting some contractors to exit the space, and accelerating a
Activist investor Dan Loeb is agitating for sweeping changes at Disney, including a shake-up of its board, a spin-off of the sports television network ESPN and aggressive cost-cutting after rebuilding a stake in the entertainment and media group. The head of the Third Point hedge fund also recommended that the company take full control of