Bitcoin (BTC) consolidated gains on Oct. 27 as the highest levels in six weeks gave way to sideways action. Bitcoin impresses with stability on GDP print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $20,500 on Bitstamp after reaching local highs of $21,012 the day prior. The largest cryptocurrency trod water in line
It seems that every time one turns on the TV, something, somewhere, is going catastrophically wrong. Whether it be Hurricane Ian tearing through Cuba and Florida, war raging in Eastern Europe, or floods devastating Pakistan, there has been no shortage of crises in 2022 — both natural and human-caused. And as the climate continues to
Investors wiped more than $80bn from Meta’s market capitalisation on Thursday after the Facebook owner reported another quarter of declining revenues and failed to convince investors that big bets on the metaverse and artificial intelligence were paying off. Shares in Meta dropped more than 20 per cent when markets opened in New York as the
Crypto firm Blockchain.com has announced the launch of a new crypto-centric pre-paid Visa card and so far, 50,000 users have registered for the waitlist signup. In addition to launching its crypto Visa card powered by the card issuing platform Marqeta, Blockchain.com Visa users will earn 1% back in crypto whenever they spend funds using the
Blocks of condominiums in Singapore. The rising cost of borrowing is unlikely to have a major impact on Singapore’s property market, analysts told CNBC. Ore Huiying | Bloomberg | Getty Images SINGAPORE — The rising cost of borrowing is unlikely to have a major impact on Singapore’s property market, analysts told CNBC. That’s because of
A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Check out the companies making headlines after the bell: Meta Platforms — The Facebook parent plunged more than
Municipals sold off out long in secondary trading while two billion-dollar-plusnew-issues from California and the New York City Transitional Finance Authority made concessions in primary pricings. Munis continued to play catch up to the rise in U.S. Treasury yields, though taxables improved Wednesday and equities ended mixed. Municipal bond mutual funds saw more losses with
Oakland and San Francisco’s city attorneys won an appeal to have a multi-year climate change lawsuit against several oil companies heard in state court. The decision came Monday in a ruling handed down by U.S. District Judge William Alsup of San Francisco. The ruling frees the cities to sue major oil companies in California state
Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Actively managed mutual funds have maintained their pro-cyclical stance with overweights in consumer discretionary and industrials, while having a sizeable underweight in consumer staples,
Tech stocks extended their slide on Wednesday, with the Nasdaq down 2 per cent at the opening bell after disappointing results from Alphabet and Microsoft. Google parent Alphabet reported a severe slowdown in its search ads business, sending its shares down as much as 7.6 per cent. Microsoft’s stock slid 7.8 per cent after it
A sharp rebound in the Polygon (MATIC) market in the last four months has increased its price by 200% when measured from its June 2022 bottom of $0.31. And now, the token is showing signs of undergoing another major market rally. MATIC exchange balance hits nine-month low Notably, the MATIC supply held by all crypto
While there are signs that the overheated housing market is finally starting to cool down, home prices are still significantly higher in many parts of the country than before the pandemic. One of the side effects of these higher home prices is higher down payments. To illustrate high down payments, LendingTree analyzed data from more
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Munis were mixed Tuesday as the secondary took a backseat to the larger primary that began pricing, while U.S. Treasuries whipsawed into a rally as economic data signaled the Federal Reserve’s actions are cooling the economy while equities improved on better corporate earnings. Triple-A yields were little changed to weaker by a basis point or
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Sen. Sherrod Brown, D-Ohio, is urging the Federal Reserve to exercise caution as it considers another interest rate increase at next week’s Federal Open Market Committee meeting. In a letter sent to Fed Chair Jerome Powell on Tuesday, Brown, who chairs the Senate Banking Committee, advised the central bank not to “lose sight” of its
Transcription: Keeley Webster (00:03):Hello, welcome to another Bond Buyer podcast. I am Keeley Webster and my guest today is Raul Amezcua, a Senior Managing Director at Ramirez & Co. Raul is a member of the California Green Bond Market Development Committee, a joint effort by the California State Treasurer’s Office, and UC Berkeley’s Environmental Center
Australia’s financial regulator has issued a stark warning to Australian crypto asset providers amid launching civil proceedings against Australian firm BPS Financial Pty Ltd (BPS) over “misleading” representations concerning its Qoin crypto token. In an Oct. 25 announcement, the Australian Securities and Investments Commission (ASIC) said it has commenced civil penalty proceedings against BPS Financial
US aerospace and defence group Raytheon Technologies received a third-quarter revenue boost from the recovering commercial air travel industry, but its missiles unit took a hit from continued supply chain constraints. Raytheon’s third-quarter revenue reached $17bn, up 5 per cent over the same period last year, slightly missing analyst estimates of $17.2bn. The top line
Hong Kong and Singapore’s wealthy elite appear to be looking at digital assets with fervor after a new report from KPMG suggesting over 90% of family offices and high-net-worth individuals (HNWI) are interested in investing in the digital assets space or have already done so. According to an Oct. 24 report from KPMG China and