Municipal yields were little changed Wednesday and the primary saw some action while U.S. Treasuries were slightly better on the day and equities were in the black ahead of Thursday’s CPI numbers. Triple-A benchmark yields were little changed while UST yields were slightly better outside of two years. The municipal to UST ratio five-year was
A batch of Starlink satellites deploy in orbit after a launch on Nov. 13, 2021. SpaceX Elon Musk’s SpaceX expects to lose nearly an entire launch’s worth of Starlink satellites after a storm created by the sun struck the Earth’s atmosphere. The company launched 49 Starlink satellites with a Falcon 9 rocket on Feb. 3.
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler kicked off an ambitious regulatory agenda this year – and his agency is pushing forward
General views of the Mickey Mouse Ferris Wheel at Disney California Adventure Park at the Disneyland Resort, which has reopened for outdoor dining and shopping on April 11, 2021 in Anaheim, California. AaronP | Bauer-Griffin | GC Images | Getty Images Check out the companies making headlines after the bell. Walt Disney — Shares of
The increasing pressure of inflation on the American economy, and household, is making cost of living an even greater issue than it had already been. According to the Bureau of Labor Statistics (BLS), the consumer price index for all items increased by 7% over the last 12 months from December 2020 to December 2021. That’s
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Anyone out there searching for a new place to live knows there is not much to buy. Total supply and new listings are at record lows, and that means that what is on
The Wisconsin Health and Educational Facilities Authority’s longtime head Dennis Reilly will leave after a replacement is found to join Fifth Third, where he hopes to leverage his conduit experience to aid not-for-profits through a commercial banking lens. Reilly, 50, joined the authority 26 years ago just a couple years out of college and 10
On February 1, there were movements of around $2.5 billion from the 2016 Bitfinex hack wallets. After reviewing the transactions, Cointelegraph reported that around 90,000 Bitcoin (BTC), worth $3.6 billion, consolidated into one wallet address. More than a week later, the hackers were caught. The United States Department of Justice seized $3.6 billion in crypto
Municipals were weaker Tuesday amid another spike in U.S. Treasury yields while equities rallied. The primary market was active, with Washington selling $743.5 million of general obligation bonds at similar spreads to its last deal in November. The South Carolina Public Service Authority priced $930 million of revenue refunding bonds while the state of Ohio
In this article C Citi CEO Jane Fraser makes brief remarks during a meeting with U.S. President Joe Biden and fellow chief executives to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building on October 06, 2021 in Washington, DC. Chip Somodevilla | Getty Images Frustration has
Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Chipotle — Shares of the Mexican fast-food chain rose more than 8% in after-hours trading after the company reported quarterly earnings that topped analyst expectations. Menu price hikes helped offset inflation without hurting customer demand. However, Chipotle said it
When analyzing Ether’s (ETH) price chart, one could conclude that the 3-month long bearish trend has been broken for a few reasons. The current $3,100 price range represents a 43% recovery in 15 days and, more importantly, the descending channel resistance was ruptured on Feb. 7. Should Ether bulls start celebrating and calling for $4,000
Simple kitchen and bath improvements are what home shoppers desire the most, according to a new analysis released today by home-buying platform Knock. Although the housing market is fiercely competitive, an updated home still tugs at buyers’ heartstrings, selling an average of 30% faster than a home without improvements. “Getting a home ready for sale can be
Prospective home buyers tour a model home at the PulteGroup Mirehaven housing development in Albuquerque, New Mexico. Sergio Flores | Bloomberg | Getty Images Consumers are feeling far more negative about the housing market this winter, as home prices continue to rise and now mortgage rates move higher as well. A monthly survey from Fannie
Today, Singapore-based crypto exchange, Bybit, announced a new partnership with digital assets institution Cabital for EUR and GBP on-ramp integration. Bybit crypto exchange platform users can now use EUR and GBP to buy cryptocurrency directly on the system through Cabital’s fiat on-ramp solution, with no transfer fees between their Bybit and Cabital wallets. According to
The House was poised to vote Tuesday on a three-week extension of government funding to buy more time to negotiate the full-year budget, which is required to allow new infrastructure dollars to flow to states and local governments. “We’re still optimistic,” said Susan Howard, program director for transportation finance at the American Association of Highway
Two Companies With Upward Pointing Trends.
Zimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its own central bank digital currency (CBDC). The bank also said its regulatory sandbox continues to garner interest. CBDC Roadmap The Zimbabwean central bank, the Reserve Bank of Zimbabwe (RBZ), has
Municipals were mostly steady Monday in light trading, with some slight weakness on the long end, while U.S. Treasuries were little changed and equities ended mixed. Triple-A benchmark yields rose a basis point or two in spots while UST were little moved from Friday’s levels. The municipal to UST ratio five-year was at 66%, 75%
Bob Cortright of DriveWealth Source: DriveWealth DriveWealth, the SoftBank-backed start-up that helps fintech firms like Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned. The New Jersey based start-up, valued at $2.85 billion in a recent fundraising, is acquiring a crypto firm founded by Harvard-trained quants and launching two subsidiaries to handle and