US stocks and bonds rallied this week, leaving Wall Street’s main equities barometer at a record peak, as the latest signs of the country’s economic recovery sparked a shift into American assets. Economic reports pointing to a quickening improvement in the labour market and a stimulus-fuelled jolt in consumer spending bolstered both foreign and domestic
Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future. According to data from on-chain monitoring resource Glassnode on April 16, Bitcoin’s network hash rate has passed total exahashes per second (EH/s) for the first time in its history.
Puerto Rico’s path to statehood remains muddled because of differences among key members of Congress on how to resolve the territory’s political status. That was highlighted at a Wednesday afternoon hearing by the House Natural Resources Committee that didn’t resolve the conflict between two competing bills that lay out different paths to follow. Chairman Raul
In this article HWIN Your Hometown Deli in Paulsboro, N.J. Google Earth Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million. The Paulsboro, New Jersey-based Your
In this article PEP A trader works on the floor of the New York Stock Exchange. NYSE Everyone knew earnings were going to be good, but this is really good. “There’s evidence every day that growth is clearly improving around the world, today from the US to Australia,” Ed Hyman, chairman and head of the
The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New New York, January 16, 2019. Carlo Allegri | Reuters The benchmark 10-year Treasury yield slid to a one-month low Thursday in a counterintuitive move that should be a positive for the stock market. Treasury yields, which move opposite price, had
Today Kimco Realty KIM , one of the largest shopping center REITs in the US, announced it was merging with Weingarten Realty WRI for $5.9 billion in a mix of stock (90%) and cash (10%). Each WRI share will be converted into 1.408 newly issued KIM stock plus $2.89 in cash per share and upon
nd3000 | iStock | Getty Images Retirees who are considering a move that involves buying a home may want to consider how they’d finance the purchase. It can be tricky for seniors to get a mortgage in retirement, said Al Bingham, a mortgage loan officer with Momentum Loans in Sandy, Utah. Not only are lenders
Dogecoin (DOGE), the meme-based altcoin which has become a favorite talking point of Elon Musk, has doubled in 24 hours to hit all-time highs of $0.29. DOGE leaves others in the dust Cointelegraph Markets Pro and TradingView showed DOGE/USD outperforming other major cryptocurrencies by an order of magnitude on April 16. In what appears an almost unbelievable move,
For several years, one of the biggest hurdles to blockchain adoption has concerned the fact that it’s a rather technical space. Experienced developers find it daunting to build decentralized apps using this technology. Meanwhile, consumers unaccustomed to tokens and crypto wallets often struggle with user interfaces that are far clunkier than what mainstream platforms provide.
The municipal market rallied Thursday with robust secondary activity, primary deals repricing lower, following better-than-expected economic data, a much stronger U.S. Treasury market, and high-yield municipal bond mutual funds reporting a record $1.28 billion of inflows. Municipals were stronger as the reality of an improved credit outlook, and strong demand buoyed by fund flows and
Russia assets sold off on Thursday after reports that US president Joe Biden was set to announce a fresh round of sanctions against Moscow, potentially targeting the country’s sovereign debt. Washington is set to unveil the new measures, the first against Russia from the Biden administration, to punish Moscow for alleged meddling in US elections
The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC. SEC Has a New Chairman President Joe Biden’s pick to lead the U.S. Securities
Statehood for the District of Columbia faces a Republican roadblock in the Senate that one Democratic congressman suggests could be broken by pairing it with statehood for Puerto Rico. Democratic Rep. Jamie Raskin of Maryland said at a House hearing Wednesday that the nation has a long political history of pairing new states. The Republican
Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Sir Richard Branson, the founder
Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images The Senate is likely to confirm Gary Gensler as the new chairman of the Securities and Exchange Commission either Wednesday or later this week, and crypto assets — including bitcoin — are likely high on his agenda.
In this article COST DELL COIN AEO Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Wednesday: American Eagle — The teen apparel retailer’s stock rose
Is “deal or no deal” a popular refrain from a successful game show or is it the voice of real estate investors who are growing concerned about the potential repeal of Section 1031 of the Internal Revenue Code? A recent read of the Biden/Harris tax plan reveals a $4 trillion tax hike, and one
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images It was a mixed week for rates, which started high and then fell slightly, but the damage was done early. Total mortgage application volume decreased 3.7% for the week, according