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In this article MU ADBE SOFI IRBT NVDA SPCE Follow your favorite stocksCREATE FREE ACCOUNT Virgin Galactic’s space tourism rocket plane SpaceShipTwo returns after a test flight from Mojave Air and Space Port in Mojave, California, December 13, 2018. Gene Blevins | Reuters Check out the companies making headlines in midday trading. Virgin Galactic —
Lawmakers in South Carolina have passed a fiscal 2024 budget that mirrors closely the plan pitched by Gov. Henry McMaster earlier this year. The fiscal 2024 budget proposal leans on federal funds, better-than-expected tax collections and a drawdown on reserves to bankroll a wide array of capital work and a boost to state employee salaries.
Municipals were steady to end the week, continuing their outperformance of U.S. Treasuries. Equities were down near the close. Triple-A scales were little changed, while UST yields rose eight to nine basis points on the short end. The two-year muni-Treasury ratio Friday was at 62%, the three-year at 65%, the five-year at 66%, the 10-year
Bitcoin (BTC) is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock having filed an application for a Bitcoin spot exchange-traded fund could not boost prices higher. This suggests that investors remain cautious due to the regulatory
The Oklahoma Turnpike Authority contends it can alter routes of statutorily authorized toll road projects as the state Supreme Court weighs the validity of bonds to begin funding a $5 billion, 15-year extension project. The state agency sought the court’s approval in August for $500 million of revenue bonds for the ACCESS (Advancing and Connecting
Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the U.S. SEC, according to Bitcoin OG and educator Dan Held. Last week, the SEC sued Binance and Coinbase, accusing them of offering a number of altcoins as unregistered securities. As a result, many
A pair of recent state court decisions have ruled that EMMA is not the news media for the purposes of the public disclosure bar to whistleblower lawsuits, a question that has been a key part of the defense argument of Wall Street banks accused in a series of lawsuits of conspiring to set variable-rate bond
Federal Reserve Gov. Christopher Waller said the central bank should not reverse course on monetary policy simply because it is having an acute impact on certain banks. During a speech delivered Friday at the Norwegian central bank, Waller pushed back against the idea that rate hikes were to blame for the failures of Silicon Valley
Florida Gov. Ron DeSantis signed the $116.5 billion budget for fiscal 2023–24, which includes a $2.7 billion tax relief package and a debt reduction package. The general revenue portion of the budget is $46.1 billion, while the state’s reserves come in at $15.3 billion, 13.2% of the total budget for the fiscal year. The “Framework
While abundant snow and rain have eased drought conditions in the Southwest, states in the region are continuing to crack down on water use and invest in future water sources to accommodate a growing population. In Arizona, which allocated $1 billion last year to protect and expand its water supply, Gov. Katie Hobbs had a
The European Central Bank has warned Brussels against swooping to claim money from custodians of trapped Russian assets, claiming it could dent confidence in the euro as a global currency and hurt financial stability. The Frankfurt-based institution has privately told the European Commission that plans to divert payments on bonds owned by the Russian central
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
Revolut, the UK-based neobank that offers crypto trading as part of its financial app, may have its application for a banking license rejected by the Bank of England, according to a report in The Telegraph. The BOE has told the UK Treasury that it's planning to reject Revolut's application, the newspaper reported, without saying where
Last week, SALT and iConnections held a conference at The Glasshouse in NYC. The event provided thought leaders with a platform to share insights on the future of innovation, investingand global financial trends. Here are some key takeaways and perspectives. Assets On Blockchain: June Ou, the co-founder and president of Figure, addressed the obstacles associated
In December of last year, Gartner forecasted that 60% of financial institutions would be looking for composable finance solutions by 2024. Rather than out-of-the-box tech, composable software gives users a library of pre-built modular components that each perform specific functions. This allows users to pick and choose the components they want to essentially build their
One of the most well-known internet acquisitions of 2002 was when eBay Inc EBAY announced it was acquiring PayPal Holdings Inc PYPL . Investors who bought eBay shares on the day the deal was announced have done quite well for themselves. Years later, eBay decided to spin off PayPal. Heres a look at the performance
1K Pistol grips and accessories galore. Also, lots of weight, especially when fully loaded to include the side-saddle shell holder attached to this Mossbergs receiver. Short-barreled shotguns have long been a hotly debated topic in firearm circles and legislative halls. Are they legal to own? What length? As horrible as the recent Nashville school shooting
Experts are weighing in on why they believe that Bud Light lost out to Modelo Especial as America’s most popular beer last month, and it’s not just because of its Dylan Mulvaney partnership. Modelo Especial has increased sales by $333 million since 2022, according to behavior analytics firm Circana in data cited by CBS. Bud Light, in
Trading platform Webull celebrated its five-year anniversary by releasing new innovative features that utilize artificial intelligence (AI) to suggest investment portfolios based on user responses to a risk assessment. Webull 9.0 introduces new content and more sophisticated tools such as Sage Tracker, which allows clients to monitor the investment activities of leading institutional investors, and