Traders on the floor of the NYSE, Jan. 26, 2022. Source: NYSE After January’s surprisingly strong jobs report, focus swings to consumer inflation in the week ahead and what it could mean for the Federal Reserve’s plan to raise interest rates. Friday’s report of 467,000 jobs added in January confounded Wall Street economists, some of
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The cryptocurrency market has an interesting way of catching even the most seasoned veterans off guard as each bull and bear market initially shows similarities to previous cycles only to veer off in an unexpected direction and wipe out the fortunes of newly minted crypto millionaires. This was the case with the weak close of
A no-reserve auction held late last month has resulted in the purchase of a mansion in the Doheny Estates neighborhood of Los Angeles for $6,526,000, or roughly 20% of the original listing. The sale comes on the heels of a record-breaking year for the Southern California housing market, where high demand and low supply fueled
American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic. Timothy A. Clary | AFP | Getty Images The American Dream megamall in New Jersey, crippled by construction delays and stalled store openings, is running out
Bitcoin (BTC) and Ether (ETH) are attempting to build upon their recent recovery as the U.S. equity markets try to resume their relief rally, backed by strong results by Amazon. Bollinger Bands creator John Bollinger recently tweeted that Ether looked to be in a good spot to be added to his existing long positions. The
Idaho received its second rating upgrade in four months when Moody’s Investors Service elevated the state’s issuer rating to Aaa from Aa1 on Thursday. The upgrade reflects the state’s continued positive economic and demographic outlook and efforts to increase reserves to protect against the state’s volatile economic and revenue structure, Moody’s analysts wrote. Also upgraded
Municipals were stronger on Thursday with yields falling another two to five basis points on triple-A yield curves and new-issues fared well while Refinitiv Lipper reported $2.9 billion of outflows, marking the largest negative flows in nearly two years. The last time outflows were above $2 billion was on April 8, 2020 when they hit
Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge funds crushed the market in January as a spike in volatility and a steep sell-off in growth stocks created an ideal environment for fast-money traders. Citadel’s multistrategy flagship fund Wellington gained 4.71% last month, according to a person familiar with
Traders on the floor of the NYSE, Feb. 2, 2022. Source: NYSE Thursday is the halfway point for fourth-quarter earnings season. The good news is corporate America is flush with cash. The bad news is 2022 estimates don’t look anywhere near as robust as 2021. The highlights so far: Revenues are at record highs. Corporate America
In this article SNAP AMZN CLX PINS F RIVN The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images Check out the companies making headlines after the bell: Amazon — Shares of Amazon popped more than 18% after hours following a strong quarterly report. The company reported
Home buying competition is showing no signs of slowing down so far in 2022, based on the latest Realtor.com Weekly Housing Trends Report. As homes continued to sell more quickly than last year, asking prices accelerated at a double-digit pace and inventory remained limited. After a period of steady 8.5 to 9% growth in the fall,
In this article ABNB (Left to right) Brian Chesky, Nathan Blecharczyk and Joe Gebbia, co-founders of Airbnb Source: Airbnb In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. It’s hard to think of a more quintessential story in disruption than Airbnb — the company
Efforts to capture a fixed share of California’s budget for water infrastructure will continue despite the failure of a ballot measure campaign. As the More Water Now campaign announced Tuesday it had failed to secure the needed 1 million signatures for the Water Infrastructure Funding Act of 2022 by the deadline, Assemblyman Devon Mathis, R-Visalia,
Canada-based Purpose Bitcoin ETF attracted over $38 million worth of Bitcoin (BTC) this Tuesday, its third-largest daily inflow to date. According to data provided by Glassnode, investors poured about 1,054 BTC into the fund, marginally lower than the inflows recorded on Dec. 6 last year. However, the capital injection still came out to be almost
Illinois would pump up now near-empty rainy day fund, pay more of its bills down, bolster scheduled pension contributions, and provide one-time tax relief under budget plans Gov. J.B. Pritzker laid out Wednesday. The state expects an additional $2.2 billion of revenue, about 5% of general funds, in fiscal 2022 and another $2 billion in
In this article MSTR BTC.CM= Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday. “Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset,” Saylor said on “Squawk on the Street,” stressing as
In this article QRVO SPOT ALGN QCOM FB A smartphone with Facebook’s logo is seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken October 28, 2021. Dado Ruvic | Reuters Check out the companies making headlines after the bell Wednesday: Meta Platforms — Shares of the Facebook parent plunged more
The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform. Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). This is the
The bathroom is a very intimate place. In the very contradictory world of sexy technology countering the fear of hyper surveillance, the bathroom seems like the last and final place for the internet of things to hang its towel. So, it’s rare for homeowners to chat about what happens between the four walls of the
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance.