Issuers in the Southeast sold $30.3 billion of municipal bonds in the first half of 2023, 29.9% less than they did in the same period last year, according to data supplied by Refinitiv. There were 490 deals, down from 788 a year earlier, when the region’s issuers sold $43.2 billion of bonds. The Southeast recorded
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With Quiver Quantitatives recentinstitutional holdings data, we can see that hedge funds and asset managers have been increasing their holdings in MercadoLibre MELI . Firms such as Scottish investment managerBaillie Gifford, Fidelity Investments, andBlackrockhave all added to their MELI positions recently. Most notably, Baillie Gifford increased shares held by 4.28% (as filed on 6/30), bringing
30 Generative AI has been the rage of late, stunning people with content creation. Chat GPT stunned folks when it was released and suddenly started churning out everything from recipes to essays to blog articles (its still human me writing here). I read an article about AI generating images of people from different states. The
OLB Group, Inc. OLB is a diversified payment and omnicommerce technology services provider that provides the benefits of traditional banking to financially underrepresented communities. It is boosting its services to the underbanked through the acquisition of a controlling interest in Cuentas SDI LLC, a company that owns the platform of Black011.com along with a network
Recent market activity has pushed PayPal's stock downwards, now hovering around the August 2017 level at $58, dangerously close to the crucial $50 psychological support. Adding to investor apprehensions, PayPal, in cooperation with The Financial Conduct Authority (FCA), has paused cryptocurrency purchases for UK users from October 1st, 2023, until early 2024, a move that
Chubb Limited CB , which stands as the largest publicly traded property and casualty insurance firm globally, conducted a survey with results showing banks and fintech-focused companies are highly optimistic about embedded insurance, with most anticipating that such offerings will grow their revenue substantially over the next three years. "Fintechs and banks are increasingly turning
Brett Harrison is best known as the former president of FTX US, an embattled U.S.-regulated cryptocurrency exchange that he left before the famous collapse. As a developer of trading infrastructure and a leader in using artificial intelligence (AI) in fintech, Harrison is not defined by his experience establishing the companys regulated business operations, or launching
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023. Nathan Howard | Bloomberg | Getty Images Mortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years. Total mortgage application volume fell 4.2% last week, compared with the previous week, according
Private equity’s biggest names including KKR and Bain Capital are handing over distressed companies to the lending arms of rivals, as they struggle with tough economic conditions. The rash of handovers to creditors underscores the problems many private equity firms face as their portfolio companies contend with higher interest rates, stubborn inflation and supply chain
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Vermont launched part one of a two-part general obligation bond sale this week with a competitive auction of $61.2 million of new money bonds. That will be followed with a $53.5 million GO refunding that is expected to price by negotiation Thursday. The competitive bid was won by BofA Securities, according to Refinitiv TM3. The
The recent crypto crash hit meme coins hard, culminating with a 9% drop in total market capitalization from Aug. 14 to Aug. 21. During the same period, Pepe (PEPE), Shiba Inu (SHIB), and ApeCoin (APE) saw a 25% decline. The big question is whether this trend will affect the wider market, signaling a broader bear
Maryland will wager on federal funds for a massive and controversial project to ease congestion around the American Legion Bridge that was previously structured as the largest public-private partnership in the U.S. Maryland Gov. Wes Moore Monday made his first public comments on the project since the state’s private partner Transurban Transurban announced in March
Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and steep drop. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders, and some conspiracies involving Tether (USDT). SEC kicks Bitcoin ETF can down the road Between Aug. 15 and Aug. 18, Bitcoin’s price
Just a few miles from the business district of Chester, New Jersey, is a bucolic property with 52 acres of preserved farmland. Its many antique buildings, including a five-bedroom main house with the original section dating back to the 1700s, have been expanded and updated to modern tastes. Called Black River Farm, the property is
A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Check out the companies making headlines before the bell: Fabrinet — Fabrinet surged 21% after its fiscal fourth-quarter results late Monday topped analysts’ estimates. The advanced manufacturing services company posted non-GAAP earnings of
Mastercard IncMA has agreed to acquire a minority stake inMTN Group Ltd'sfinancial-technology business at a valuation of $5.2 billion. The financial details of the transaction or stake percentage remain undisclosed. The deal involves a commercial agreement on payments and remittances using Mastercard's technology infrastructure to expand in Africa, Bloombergreports. Also Read:Mastercard's Conservative Outlook and Relative
Amid a summer surge in youth unemployment, China’s government made headlines last week by announcing that it would simply no longer publish official data on how many young workers can’t find jobs. But not all of the country’s economic woes can be so easily hidden. China’s economic modelwhich has leaned strongly into industrial policy and
On deck — After Russias failure, India is next in line to attempt a Moon landing No country besides China has successfully landed on the Moon since 1976. Stephen Clark – Aug 22, 2023 12:25 am UTC Enlarge / India’s Chandrayaan 3 lander stands about 2 meters, or a little more than 6 feet, in
In a recent development, PayPal Holdings Inc. PYPL announced the departure of Chief Strategy,Growth And Data OfficerJonathan Auerbach. The news was confirmed through a General Corporate Statement Form 8 filed by the company. Auerbach's exit comes at a pivotal time for the payment giant, which has been making significant strides in the financial technology sector.