Munis were steady to weaker in spots Wednesday, while U.S. Treasuries were firmer after the Fed hiked rates 25 basis points and signaled more may come this year. Equities ended the session in the red. The Fed just “delivered a 25bps hike and by holding firm to their data dependent rhetoric and are trying to
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In 2018, Ethereum lead developer Fabian Vogelsteller contacted the community for a new standard for smart contracts he created alongside co-founder Vitalik Buterin. Dubbed ERC-20, Vogelsteller, at the time, only wished for input regarding the novel idea. Little did he know that ERC-20 would ignite a wave of initial coin offerings (ICOs) shortly after its
The cost of protecting U.S. infrastructure against climate change is costly — but the cost of doing nothing is higher. That was the message today from Louisiana Gov. John Bel Edwards and other witnesses who testified at a Senate Budget Committee hearing on the fiscal fallout from climate change. Louisiana is one of the states
NatWest shareholders have ramped up pressure on chair Sir Howard Davies to step down for mishandling the fallout from the closure of Nigel Farage’s bank account. “He’s clearly not in charge,” said a top-20 investor on Tuesday. “Banking is about trust and confidence. That’s sacrosanct and starts with the tone from the top.” NatWest chief
Leon Neal | Getty Images News | Getty Images The Securities and Exchange Commission wants corporate America to tell investors more about cybersecurity breaches and what’s being done to fight them. Much more. The SEC is scheduled to vote today on rules that would require public companies to disclose “material” cybesecurity breaches within four days after
The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for the first time in four decades. As interest rates climb, economists say financial conditions are headed back to being more normal. related investing news Stocks,
Jameson Lopp has been on the front lines of the battle between technologists and those who want to preserve Bitcoin as it is since the scaling debates of 2015–2017. The topic arouses such passion that many suspect it was a disgruntled Bitcoiner opponent who called down an armed SWAT team to his home, leading him
A federal judge on Friday permanently banned Arizona from enforcing a new law restricting how closely people may film police, finding that the law violates a core First Amendment right to record law enforcement officers. U.S. District Judge for the District of Arizona John J. Tuchi wrote that the law, which made it a misdemeanor
A new study published on Monday shows that even when controlling for test scores, children from wealthy families have a higher chance of being accepted to an elite college than their middle-class counterparts. Further, the study found that applicants from families in the top 0.1 percent have over double the chance of being accepted to
Every breath you take — Dinosaurs and the evolution of breathing through bones Dinosaurs’ hyper-efficient breathing system also evolved in two other lineages. Jeanne Timmons – Jul 26, 2023 11:00 am UTC Enlarge / It takes careful study and the right kind of bones to determine how something like this breathed.Tito Aureliano et. al. reader
Affirm Holdings, IncAFRM stock is trading lower afterPiper Sandleranalyst Kevin J. Barker downgraded the stock from Neutral to Underweight with aprice target of $11.00. Barker expects persistently higher rates to pressure operating margins as AFRM needs to hold more loans on the balance sheet. In addition, he expects tighter underwriting standards, increased pricing, and the
South Korean Fintech CompanyU Fintech Hub Incannounced today that it has successfully raised $4 million in a recent capital funding round led by Forest Partners. What Happened?With this current funding round, U Fintech Hub has raised approximately $10 million in capital. U Fintech Hub operates the global remittance platform "Utransfer," specializing in B2B and C2C
U.S.-based Public, a multi-asset investing platform that does not usePayment for Order Flow (PFOF), expanded into the U.K. The company aims to become the leading destination for U.K. investors seeking access to U.S.-listed equities. What Happened: Key features include access to 5,000 U.S.-listed equities, commission-free tradingand low foreign exchange fees. The platform provides advanced data
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage rates didn’t move at all last week, and are still sitting near a recent high. With home prices continuing to rise, that pushed more potential homebuyers to the sidelines. Total mortgage application
The interest rate on your mortgage determines your monthly mortgage payment as well as how much you’ll pay in interest. A good interest rate can save you thousands upon thousands of dollars over the life of your loan. However, this doesn’t mean that you should agree to a mortgage simply because the lender can offer
Tracey Ryniec and Sheraz Mian take a look at a hot specialty retailer and an infrastructure contractor.
In the latest episode of “The Market Report,” analyst and writer Marcel Pechman discusses the Worldcoin token launch, why it is controversial, and the differences between it and most altcoins. According to the analysis, investors should take time to understand the project before even considering an investment. Looking at the tokenomics of the Worldcoin token,
NatWest’s board has criticised its chief executive Alison Rose and threatened to dock her pay after she admitted being the source of an inaccurate story about the closure of Nigel Farage’s bank account. But the bank’s chair Howard Davies said that “after careful reflection” the board had decided Rose retained their “full confidence”. Rose has been
Municipals were little changed in secondary trading Tuesday as the focus was on the primary where the state of Washington sold large general obligation bond deals ahead of the FOMC rates decision. Treasury yields rose a basis point or two throughout most of the curve and equities ended the session in the black. The two-year
A collection of muni market affinity groups are hosting their second annual summer mixer in August on the rooftop of Nixon Peabody’s downtown Los Angeles office. The event will be held Aug. 10 from 5 p.m. to 8 p.m. Last summer’s inaugural event drew just north of 100 people, and they are hoping for a