In today’s second video in our Basics of Forex series, we explore key facets of a Forex quote, introducing and explaining such terms as the bid and offer, the spread, pips and fractional pips. To help us answer the question of what is a pip and what is a fractional pip, we look at an
Sellers gearing up for the spring home shopping season need to roll up their sleeves now and spruce up their homes if they want to attract a shrinking pool of buyers. Investing in improvements, maintenance and repairs could pay off when it’s time to sell. New research commissioned by Zillow and conducted by The Harris
The developers of bridging platform Ren have warned users to unwrap their tokens and bridge them back to their native chains “ASAP,” or risk losing them. 1) Important notice ⚠️ As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda As compatibility between Ren 1.0 and 2.0 cannot be
Municipals were little changed in secondary trading while the return of mutual fund inflows led by high-yield and a $770 million notes deal from the Triborough Bridge and Tunnel Authority took focus. U.S. Treasuries were weaker and equities ended in the black. The three-year muni-UST ratio was at 60%, the five-year at 67%, the 10-year
Algorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the subsequent blow-up of Terra’s LUNA token which was used for the asset’s backing. Algorithmic stablecoins are not fully collateralized and rely on different mechanisms to maintain the peg, making them inherently fragile to market conditions. The UST implosion created a
In this article BX Follow your favorite stocksCREATE FREE ACCOUNT Investors nervous about Blackstone’s real estate investment trust should view it as a long-term vehicle that’s well positioned for the future, the firm’s president said Thursday. Blackstone has taken heat over the past week for limiting withdrawals from the $69 billion private REIT, the Blackstone
Broker-dealers concerned about increasingly complex compliance issues may benefit from a new strategic alliance formed between the Bond Dealers of America and the Regional Fixed Income Best Practices Group, which was formerly known as the Regional Municipal Operations Association. “The RFIBPG is now a division of the BDA, similar to the BDA’s Bond Pricing Institute,”
ExxonMobil will expand its share buyback programme to $50bn as the US supermajor defies a political backlash by handing investors the profits from surging oil and gas prices. Exxon said it would spend $50bn in the three years to 2024 buying back its own shares, an increase from the current $30bn programme that was due
Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC), is trading close to 50% below the BTC price on spot markets. Data from on-chain analytics platform Coinglass confirms that on Dec. 8, GBTC shares hit a new record low of -47.2% against BTC/USD. GBTC troubles pile up post-FTX In the latest bout of nerves to
In this week’s episode of let’s talk stocks, we’re going to take a look at knowledge vs. wisdom. These days, the educational system is set up to help you acquire knowledge, but it doesn’t help you attain much wisdom. Unfortunately, knowledge is not very useful without wisdom. In this video, I’ll show you the importance
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What are the obstacles and opportunities surrounding ESG? How will inflation and labor shortages impact the IIJA? What does new tech, crypto and AI mean for electronic trading? The municipal finance community has a lot of questions going into 2023. Don’t miss the chance to get them answered at NATIONAL OUTLOOK on February 2, 2023.
In this article CVNA CPB STT TOL MDB JD Follow your favorite stocksCREATE FREE ACCOUNT A mascot of TripAdvisor is seen at its display at a trade fair. Axel Schmidt | Reuters Check out the companies making headlines in midday trading. Carvana — Shares of the online car dealership fell 42.9% after Carvana’s largest creditors
Municipals were firmer Wednesday but underperformed a U.S. Treasury rally as traders look to the UST curve inversion as further signs of a looming recession, leading equities to close in the red for another session. “Stocks declined as investors fixated over how bad of a recession will hit the U.S. economy and weighed on geopolitical
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images After a series of crypto-collapses, scandals and bankruptcies, Americans’ views on cryptocurrency have soured sharply, with the
The national average credit score sits at an all-time high of 716, unchanged from a year ago, according to a report from FICO, developer of one of the scores most widely used by lenders. However, this marks the first time since the Great Recession that scores did not improve year over year, the report found.
The world’s largest sovereign wealth fund will become a more vocal shareholder and plans to vote against companies that fail to set a net zero target, overpay their top leaders, or do not have sufficiently diverse boards. Nicolai Tangen, chief executive of the $1.3tn Norwegian oil fund, told the Financial Times’ Global Boardroom event that
On Tuesday, the hardware wallet manufacturer Ledger announced the launch of a new device called Ledger Stax. The machine was designed by iPod creator, Tony Fadell, and the France-based firm Ledger says the new device was built with “uncompromisingly secure architecture.” iPod Creator Tony Fadell Partners With Ledger to Launch a New Crypto Hardware Wallet
The public-private partnership between Red River Valley Alliance and the Metro Flood Diversion Authority won The Bond Buyer’s 21st annual Deal of the Year award for its bonds issued through the Public Finance Authority to reduce local flooding risk. The issuance, which was the Deal of the Year in the P3 category, was one component
A new study by LendingTree found that renting is usually cheaper than owning a home, but not always. To look at how the cost of renting a home differs from owning one, the online loan marketplace analyzed Census Bureau data to compare monthly rental and housing payments for homes with and without mortgages in the