Pending state legislation that boosts Milwaukee’s revenue raising prospects falls short of what the city needs to manage rising pension and other costs, Fitch Ratings said in cutting the city’s general obligation bond rating by two notches. Fitch dropped the rating Tuesday to BBB-plus from A and warned of the potential for further deterioration by
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In this video, we take an introductory look at some important factors that can help to drive the strength or weakness of a currency, explained in a straightforward manner with some useful examples to aid the understanding of anyone new to the Forex market. Test and practice your investment strategies in real market conditions with
A bill seeking to restrict bond issuance for a multi-billion-dollar light rail project in Austin did not advance to final passage in the Texas Legislature, but the city, which is considering an initial phase of the plan, is keeping an eye out in case it resurfaces. A Senate amendment to House Bill 3899 that would
The world’s largest natural soda ash producer plans to float in London, a boost to a stock market that has struggled to attract new listings and prevent companies from leaving. WE Soda, the UK-based group that produces the glassmaking ingredient and is controlled by Turkish media mogul Turgay Ciner, is targeting a $7.5bn valuation, enough
Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close. Analyst: Bitcoin reaching “crucial area” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make-or-break point for the
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. The team of Trust Reserve, the issuer of the Chinese yuan-pegged stablecoin CNHC, has been detained by the Chinese police, the local blockchain publication PANews reported on May 31. According to the report,
Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver claimed that Ethereum, not Bitcoin, will be responsible for driving the bulk of new users towards crypto. On a May 31 episode of the Show Me The Crypto podcast, Ver — labeled “Bitcoin Jesus” for his early Bitcoin advocacy — said that despite Ethereum’s
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Designing a beautiful nursery can be almost as exciting as welcoming a baby. It’s important to create a space not just for sleeping but also to enjoy such a special time. Still, there’s no denying the amount of pressure on new parents to choose the right things to buy or put on a baby registry.
Municipals were firmer Tuesday as U.S. Treasuries rallied on improved chances that Congress will raise the debt ceiling and avoid a U.S. default. Equities ended mixed. Triple-A yields fell three to 10 basis points, depending on the scale, underperforming U.S. Treasuries, which improved by five to 14 basis points with the largest gains on the
No, not the band ‘Iron Butterfly’. But the options strategy. Quite possibly one of the best strategies for a sideways market.
Nvidia has become the first chipmaker to hit a $1tn valuation, leading a surge of enthusiasm across Wall Street for companies seen to benefit from the latest developments in artificial intelligence. Its shares rose more than 4 per cent to hit $406.1 in early trading in New York on Tuesday, after its chief executive Jensen
The White House and Republicans reached a deal over the holiday weekend that will avoid the nation’s first breach of its debt limit and leave untouched leftover pandemic aid allocated to cities and states. A House vote on the Fiscal Responsibility Act of 2023 is set for Wednesday to move the bill ahead of a
Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule. Major Japanese crypto exchange bitFlyer on May 30 announced the adoption of measures in response to the enforcement of stricter AML measures targeting crypto transactions in Japan. bitFlyer has introduced restrictions
Burned — The lessons of a wildfire that destroyed a town and burned for 15 months Until it hit, the local firefighters couldn’t conceive of something that ferocious. Diana Gitig – May 27, 2023 11:00 am UTC Enlarge / The aftermath of the Fort McMurray fire.Katie Daubs reader comments 193 with Editor’s note: we have
In April, total card expenditure per household was down 1.2% year on year, as measured by Bank of Americaaggregated credit and debit cards. Thisfollows the trend seen inconsumer prices. The credit card data captured by Bank of America markedthe first decline in card spending since February 2021. Why It Matters: A reduction in household credit
the human factor — Is cybersecurity an unsolvable problem? Ars chats with law philosopher Scott Shapiro about his new book, Fancy Bear Goes Phishing. Jennifer Ouellette – May 27, 2023 1:12 pm UTC EnlargeFarrar, Straus and Giroux reader comments 151 with In November 1988, a graduate student at Cornell University named Robert Morris, Jr. inadvertently
In April, total card expenditure per household was down 1.2% year on year, as measured by Bank of Americaaggregated credit and debit cards. Thisfollows the trend seen inconsumer prices. The credit card data captured by Bank of America markedthe first decline in card spending since February 2021. Why It Matters: A reduction in household credit
Hadoken! — Street Fighter 6 is great fun for both casual and dedicated players Capcom breathes new life into its classic fighting game franchise. Aurich Lawson – May 30, 2023 7:01 am UTC EnlargeAurich Lawson reader comments 3 with Street Fighter 6Developer: Capcom Release Date: June 2, 2023 MSRP $60: Windows*, PlayStation 4, PlayStation 5,