Municipals were little changed Friday ahead of a smaller new-issue calendar, outperforming a weaker U.S. Treasury market for another session. Equities ended up. Triple-A yields were mostly flat while UST yields rose up to nine basis points on the front end, pushing muni to UST ratios there lower. The two-year muni-Treasury ratio Friday was at
The House Committee on Transportation and Infrastructure has introduced the Securing Growth and Robust Leadership in American Aviation Act, a bipartisan bill that would reauthorize the Federal Aviation Administration’s funding over the next five years, expanding the Airport Improvement Program and including a number of improvements aimed at improving workforce and services of the aviation
Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says. In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH. Related: Why is Bitcoin price stuck? QCP Capital: U.S. crypto
Fresh off two successful municipal bond sales, the city of New York plans to keep moving ahead with the bond issuance that funds its capital program. On June 1, the city sold $1.56 billion of general obligation bonds in a deal comprised of $1.41 billion of tax-exempts and $151 million of taxables. Proceeds refinanced outstanding bonds for savings. The city
Odey Asset Management has lost another key relationship, as French brokerage Exane decided to cut ties with the hedge fund after a Financial Times investigation alleged its founder Crispin Odey had sexually assaulted or harassed 13 women. The hedge fund has told clients it is in “active discussions” with all of its service providers as
Major cryptocurrencies traded slightly in the green on Thursday evening as investors focused on the upcoming monetary policy decision by the Federal Reserve next week.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD +0.38%$26,537Ethereum ETH/USD +0.43%$1,846Dogecoin DOGE/USD +0.42%$0.067 What Happened: Bitcoin continued to hold strong despite facing numerous obstacles, including recent SEC lawsuits against Binance and Coinbase,
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
Cathie Wood's Ark Invest made a couple of high-value transactions on Friday amid a strong market rebound. Shopify Stake Shrunk: Ark Invest sold Shopify, Inc. SHOP for a second straight day on Friday, daily trade information from the fund showed. The stock was on a tear during the two sessions, capitalizing on a strong earnings
Father’s Day deals — Dealmaster: Savings on practical Fathers Day tech gift ideas Our curated Father’s Day list of the favorite toys and tech dads will love. Chuong Nguyen – Jun 9, 2023 11:00 am UTC reader comments 15 with With Father’s Day approaching, it’s time to think of the dads in our lives. Whether
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
Hop on the boat — A telescope happened to be pointing at the brightest supernova yet observed The BOATbrightest of all timereveals the mechanics of gamma-ray bursts. John Timmer – Jun 9, 2023 12:04 am UTC Enlarge / Artist’s conception of a gamma-ray burst.NASA reader comments 34 with Supernovae are some of the most energetic
damircudic | E+ | Getty Images The Federal Reserve is likely to temporarily pause its aggressive interest rate hikes when it meets next week, experts predict. But consumers may not see any relief. The central bank has raised interest rates 10 times since last year — the fastest pace of tightening since the early 1980s — only
another one — Tesla to add General Motors to its charger standard next year GM EV drivers will need a dongle at first; NACS ports will show up in 2025. Jonathan M. Gitlin – Jun 8, 2023 9:22 pm UTC Enlarge / GM is the second American automaker to decide to ditch the CCS port
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
When Sundar calls your name, say “here!” — Google makes office attendance part of performance reviews Employees need to be in the office at least three days a week. Ron Amadeo – Jun 8, 2023 9:51 pm UTC Enlarge / People walk out of a Google office building in Taipei, Taiwan, on January 29, 2021.Ceng
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
Crypto Twitter has been rife with discussions surrounding the pseudonymous creator of Bitcoin BTC/USD , Satoshi Nakamoto, after a Thursday report showed the reactivation of a decade-old Bitcoin wallet with over $37 million worth of Bitcoin, believed to be from Satoshi-era. What Happened: Recent tweets within the social media community suggest that Satoshi may be
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
Ethereum co-founder Vitalik Buterin is working with India-based crypto fund Crypto Relief and Polygon co founder Sandeep Nailwal to send $100 million towards COVID-19 research and medical infrastructure development in India. Buterin and Nailwal will receive $90 million in USD Coin (USDC) from Crypto Relief, while Buterin will provide $10 million out of his own
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