Municipals were little changed Wednesday as U.S. Treasuries were weaker after the release of the Federal Open Market Committee meeting minutes showed more tightening is likely on the way. Equities were in the red to close the session. The secondary was uneven but triple-A yield curves were mostly steady, as municipals are wont to do
Chicago Mayor Brandon Johnson tapped state banking regulator Chasse Rehwinkel to fill the city comptroller’s position, a choice that completes his picks for the city’s top fiscal posts. The comptroller manages the collection or disbursement of city revenues and all funds required to be in the custody of the city treasurer. The chief financial officer, budget director,
Federal Reserve officials signalled they intend to resume interest rate increases amid a growing consensus that more tightening is needed to stamp out high inflation in the world’s largest economy. According to minutes from June’s meeting of the Federal Open Market Committee, “almost all” officials who participated said that “additional increases” in the Fed’s benchmark interest
Over-regulation and the systemic lack of new housing in New York City have created an opportunity for investors in free-market multifamily assets. In this article, we review emerging investment trends, underlying fundamentals and drivers. We also have some recommendations for smaller investors. Investor’s Shift: Regulation Effect #1 Market rate apartments, which make up 45% of
Starknet’s Quantum Leap upgrade has been deployed on testnet, with the Ethereum layer-2 scaling protocol claiming it’s capable of processing “hundreds of transactions per second.” If achieved, it would be at least a 50X improvement from its current throughput, thanks to the Version 12 upgrade harmonizing how the sequencer’s code interacts with the Cairo programming
In the midst of the financial crisis in October 2008, Berkshire Hathaway Inc. CEO Warren Buffett made a significant late-night phone call to the then-Treasury Secretary Henry "Hank" Paulson. Buffett aimed to share an idea that could potentially revive the struggling economy. Don't Miss:Why Silicon Valley Elites Are Betting On This Startups Vision For Reuniting
Isaac Asimoc, a writer well-known for his works of science fiction, penned the “Three Laws of Robotics” in 1972. Asimov wrote these “laws” while thinking about androids, and he imagined a world where human-like robots would have human masters and need a set of programming rules to prevent them from causing harm. But51 years after
Having a blast — Our Solar System possibly survived a supernova because of how the Sun formed The gas that produce stars also cushion them from the blast of nearby supernovae. Elizabeth Rayne – Jul 4, 2023 11:07 am UTC Enlarge / Artist’s conception of the early Solar System, which was at risk of a
Twitter founder Jack Dorsey is unrelenting in his bid to support the development of the Bitcoin BTC/USD protocol and he has made a new funding commitment to Brink, a Web3.0 hub that supports developers in the network.The Jack Dorsey Commitment As the blockchain startup revealed, the total funding commitment pledged by Jack Dorsey is pegged
Could it work in people? — One shot of a kidney protein gave monkeys a brain boost An early experiment suggests that an injection of klotho improves working memory. Celia Ford, Emily Mullin, Wired.com – Jul 4, 2023 12:05 pm UTC Enlarge reader comments 79 with Klotho, the ancient Greek goddess of fate, is responsible
mic dropped — AMAs are the latest casualty in Reddits API war “Will this undermine most of what makes IAmA special? Probably.” Scharon Harding – Jul 3, 2023 5:41 pm UTC EnlargeGetty reader comments 180 with Ask Me Anything (AMA) has been a Reddit staple that helped popularize the social media platform. It delivered some
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The Bank of England is looking at contentious plans to force more international banks to set up subsidiaries in the UK, people familiar with the situation have told the Financial Times. The move could reduce the thresholds requiring foreign banks with corporate business in the country to set up subsidiaries, with their own capital and
Recent weeks have seen a surge in interest from traditional finance for crypto-based exchange-traded funds (ETFs). After the Securities and Exchange Commission took issue with its initial filing, BlackRock submitted a fresh application for a Bitcoin ETF on July 3. A week earlier, Fidelity led a crop of investment firms in lodging applications with the
In the midst of the financial crisis in October 2008, Berkshire Hathaway Inc. CEO Warren Buffett made a significant late-night phone call to the then-Treasury Secretary Henry "Hank" Paulson. Buffett aimed to share an idea that could potentially revive the struggling economy. Don't Miss:Why Silicon Valley Elites Are Betting On This Startups Vision For Reuniting
New York-based digital assets platformBakkt has decided to removethree major cryptocurrenciesSolana SOL/USD , Polygon MATIC/USD , and Cardano ADA/USD from its listings. This move comes not long after Bakkt acquired Apex Crypto, a trading infrastructure provider, for $155 million. Bakkt's General Counsel and Secretary, Marc DAnnunzio, told Fortune that the company has opted for a
WITHOUT A NET — 336,000 servers remain unpatched against critical Fortigate vulnerability 69 percent of devices have yet to receive patch for flaw allowing remote code execution. Dan Goodin – Jul 3, 2023 7:46 pm UTC Enlarge reader comments 27 with Researchers say that nearly 336,000 devices exposed to the Internet remain vulnerable to a
Investors are on the hunt for undervalued, underfollowed and emerging stocks, and retail traders have countless methods at their disposal to uncover new information. For some, this may be overwhelming. Benzingas Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks each week that are just under the surface
available in colors other than purple — The 2024 Rolls-Royce Spectre proves EVs make the best luxury cars We drive Rolls-Royce’s first electric car, which was 123 years in the making. Jonathan M. Gitlin – Jul 3, 2023 11:00 pm UTC Enlarge / In 1900, Charles Stewart Rolls (one of the founders of Rolls-Royce) said,