Municipal issuers have seen more upgrades this year than downgrades, continuing a trend that began in 2021, while the overall rated universe of muni issuers has also grown. If current economic conditions persist, the trend will likely continue for the foreseeable future, market participants said. The total rated share of the market increased in the
Israel threatened to expand its military operation in Rafah after tanks and troops seized the main border crossing between Gaza and Egypt, as international mediators struggled to continue talks aimed at ending the conflict. Israel launched its ground offensive into eastern Rafah on Monday, hours after Hamas said it had accepted a draft proposal of
In this article TREE Follow your favorite stocksCREATE FREE ACCOUNT monkeybusinessimages | Getty Most U.S. homebuyers taking out a mortgage opt for a 30-year fixed-rate — but they may not realize how unusual that offering is. “The 30-year fixed-rate mortgage is a uniquely American construct,” said Greg McBride, chief financial analyst for Bankrate. True to
Stanley Druckenmiller, Duquesne Family Office, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Stanley Druckenmiller revealed Tuesday that he has slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial intelligence boom could be overdone in the short run. “We did cut that and a lot of
Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
Loading… Loading… Major cryptocurrencies witnessed a drop on Monday as another top cryptocurrency company stared at an enforcement action by U.S. regulators.CryptocurrencyGains +/-Price (Recorded 12:00 a.m. EDT)Bitcoin BTC/USD -1.01%$63,702Ethereum ETH/USD -2.46%$3,086Dogecoin DOGE/USD -4.36%$0.15 What Happened: World's largest digital asset by market cap, Bitcoin BTC/USD , failed to sustain its recent climb to $65,000, falling back
Dispatch from the LLM wars — New Microsoft AI model may challenge GPT-4 and Google Gemini In project headed by former Inflection chief, MAI-1 may have 500B parameters. Benj Edwards – May 6, 2024 7:51 pm UTC Enlarge / Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., during a town hall
VPN BUSTER — Novel attack against virtually all VPN apps neuters their entire purpose TunnelVision vulnerability has existed since 2002 and may already be known to attackers. Dan Goodin – May 6, 2024 8:35 pm UTC EnlargeGetty Images reader comments 150 Researchers have devised an attack against nearly all virtual private network applications that forces
Loading… Loading… The Financial Transaction Services industry is likely to be aided by the widespread adoption of digital means. To capitalize on the trend, the industry players remain equipped with efficient digital solutions suite built on collaborations and technology investments. Consumer spending habits remain favorable, which may boost transaction volumes. An uptick in cross-border volumes
Building a better Tetris — Hackers discover how to reprogram NES Tetris from within the game New method could help high-score chasers trying to avoid game-ending crashes. Kyle Orland – May 6, 2024 10:16 pm UTC Enlarge / I can see the code that controls the Tetri-verse!Aurich Lawson reader comments 39 Further Reading34 years later,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has carried out night air strikes on Rafah and said a ceasefire proposal accepted by Hamas fell “far from Israel’s necessary requirement”, as international mediators and officials struggled to continue talks to halt fighting
Municipals improved Monday in constructive secondary trading as investors await the larger new-issue slate. U.S. Treasuries were mixed while equities made gains. Triple-A curves saw yields fall two to three basis points while USTs were a touch weaker on the short end and a bit firmer out long. The two-year muni-to-Treasury ratio Monday was at
BlackRock has laid off several employees as the firm’s municipal market division is in the midst of a reorganization. At least nine employees have been laid off, including portfolio managers, credit analysts and managing directors, said a source familiar with the departures. While BlackRock declined to comment on the layoffs, the firm “continuously organizes its
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates standing in the way of the American housing
Warren Buffett poses with Martin, the Geico gecko, ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogan | CNBC Berkshire Hathaway shares rose in premarket trading Monday after Warren Buffett’s conglomerate reported a surge in operating earnings as well as a record cash hoard. Berkshire’s Class A shares
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The judge overseeing Donald Trump’s Manhattan “hush money” trial threatened to jail the former president if he continued to harass witnesses and jurors, after concluding that fines had failed to deter the defendant from repeatedly
Loading… Loading… Editor's note: The headline of this story has been updated to reflect that Interactive Brokers' new desktop product is in addition to, rather than a replacement of, the TWS platform. Interactive Brokers Group Inc IBKR recently launched an updated desktop trading applicationfor Windows and Mac users. Benzinga spoke with Steve Sanders, the firms
Loading… Loading… Investment and trading platform Moomoo partnered with Nasdaq, offering its users a complimentary three-month subscription to Nasdaq TotalView. With TotalView, users can access every quote and order at every price level in Nasdaq-, NYSE-, NYSE American-, and regional-listed securities trading on Nasdaq. This includes 60-level bid and ask quotes, offering more than 20
Loading… Loading… The performance of the U.S. corporate bond market in the first quarter of the year was generally flat, though there were notable distinctions between the high-grade and high-yield sectors. Bonds issued by companies with higher credit ratings (BBB and above) experienced a slight downward trajectory, as showed by the iShares iBoxx $ Investment
Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of