Welcome
-
UK to suffer high inflation longer than other nations, warns Bailey
The governor of the Bank of England warned on Wednesday that Britain’s economy is suffering more from the energy crisis than other countries with UK inflation likely to stay higher for longer. Speaking with other central bankers at a European Central Bank conference in Sintra, Portugal, Andrew Bailey said the BoE needed the option of…
-
Polkadot’s founder announces steps toward full decentralization with new governance model
Live from Polkadot Decoded in Buenos Aires on Wednesday, Polkadot (DOT) and Kusama founder Gavin Wood announced that the blockchain’s governance model would undergo a new transformation. Dubbed Gov2, anyone would be able to start a referendum at any time for as many times as they wish in the new setup, similar to initiating new…
-
Mester says Fed should act forcefully to curb price pressures
Central bankers must not be complacent about increases in long-term inflation expectations and should act forcefully to curb rising price pressures, said Federal Reserve Bank of Cleveland President Loretta Mester. Fed research shows that it’s more costly for policy makers to be wrong about inflation expectations being well anchored when they are not, as opposed…
-
Stocks making the biggest moves premarket: General Mills, Carnival, Bed Bath & Beyond and more
In this article 9866-HK PINS MKC BBBY CCL GIS Check out the companies making headlines before the bell: General Mills (GIS) – General Mills reported adjusted quarterly earnings of $1.12 per share, 11 cents above estimates, with revenue that also topped Wall Street forecasts. The stock rose 1.6% in the premarket, even as the food…
-
Despite Slowdown In Housing Market, These 10 Cities Have Seen The Biggest Price Growth From 2021 To 2022
Rising mortgage rates due to the rate hikes implemented by the Federal Reserve have put the squeeze on home affordability for many American homebuyers, not to mention raising fears of an impending recession. The housing market in the United States really took off in the pandemic’s second year (2021), with high demand and homes flying…
-
Mortgage demand stalls again, even as interest rates swing briefly lower
People wait to visit a house for sale in Garden City, Nassau County, New York. Xinhua News Agency | Getty Images After rising steadily for three weeks, mortgage rates dipped slightly last week, prompting a small increase in refinance activity. Activity from homebuyers, however, pulled back further, leaving total mortgage demand basically flat from the…
-
Bitcoin Lightning Network developer updates node software with Taproot support
Lightning Labs, a developer of the Bitcoin (BTC) Lightning Network (LN), released a beta version of the Lightning Network Daemon (lnd) — a complete implementation of the LN node — with added support to the latest protocol upgrades including Taproot and Musig2 among other improvements. lnd is a software component that handles various aspects within…
-
Slow going for development of ESG risk disclosure standards
Bond default and impairment is famously low in the municipal bond market. But the case of Paradise, California, offers an example of the rising financial risks posed by climate and management decisions. After the city was nearly destroyed in 2018 by California’s deadliest wildfire to date, the state stepped in to help the city’s redevelopment…
-
Finland and Sweden poised to join Nato after Turkey drops veto
Turkey has dropped its opposition to Finland and Sweden becoming members of Nato, paving the way for the Nordic countries to join the alliance in response to Russia’s invasion of Ukraine. The three countries have signed a joint memorandum after hours of talks on Tuesday brokered by Nato, ending a six-week veto by Ankara linked…
-
PREPA’s unsecured creditors, union, retirees want to bring their case to Swain
The unsecured creditors, union, and retiree group for the Puerto Rico Electric Power Authority, frustrated by a lack of progress, want to argue their case before Bankruptcy Judge Laura Taylor Swain, while continuing mediation. The mediators, the Oversight Board, and other parties oppose the move, made in filings Sunday with the U.S. District Court for…
-
SPACs wipe out half of their value as investors lose appetite for risky growth stocks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 16, 2022. Brendan McDermid | Reuters SPACs, once Wall Street’s hottest tickets, have become one of the most hated trades this year. The proprietary CNBC SPAC Post Deal Index, which is comprised of SPACs that have completed their mergers…
-
Stocks making the biggest moves in the premarket: Nike, Spirit Airlines, Occidental Petroleum and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE)…
-
Future-Proofing Residential Developments Vs. Climate Change
Whether manifesting as floods, droughts, wildfires, tornadoes, hurricanes, derechos or temperature extremes, effects of climate change are likely to exert steadily greater impact on American cities in the years ahead. The certain negative consequences to the built environment have spurred proactive real estate developers to embrace climate-resistant design principles. Aim: To future-proof their properties against…
-
Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC. Saul Loeb | AFP | Getty Images Pending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, according to the National Association of Realtors. That broke a six-month…
-
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $1,200, Despite Market Volatility Increasing
ETH has managed to remain above the $1,200 level on Tuesday, despite an increase in price uncertainty in crypto markets. BTC fell below $21,000 in today’s session, as the global crypto market cap fell by as much as 2% earlier today. Bitcoin Following a marginally bearish start to the week, downward pressure intensified in today’s…
-
Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin’s (BTC) current bear market is one of the worst, according to a report by on-chain analytics firm Glassnode. This was the first time in history that the Mayer Multiple slipped below the previous cycle’s low. Bitcoin’s fall below $20,000 on June 18 also marked the biggest ever loss booked by investors in a single…
-
Quiet start to week as large new-issues in the queue
Municipals were lightly traded and little changed steady Monday, while U.S. Treasury yields rose and equities ended in the red. With the muni triple-A yield curve unchanged out long, and UST seeing small losses, ratios dipped below 100% on the 30-year. Muni-UST ratios were at 69% in five years, 87% in 10 years and 98%…
-
G7 ready to explore caps on energy prices to curb Russian revenues
Emmanuel Macron wants to see a drive for higher oil production around the world as the French president seeks ways of bringing down the cost of energy and alleviating the pressure being felt by energy-importing economies. Macron made the proposal to fellow G7 leaders as they seek to hammer out the details of a price…
-
Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH
XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467 Ether (ETH) just a day after suffering an exploit that drained 3,087 ETH, worth roughly $3.8 million, from the protocol. Blockchain investigator Peckshield noticed the XCarnival hack as it came across a stream of transactions that eventually bled 3,087 ETH from the protocol. Explaining the…
-
Connecticut Green Bank plots more retail-focused climate bonds
The Connecticut Green Bank is mulling another round of its climate-certified Green Liberty Bonds after initial offerings raised more than $40 million from retail investors for renewable energy projects across the state. With a marketing program that echoed the Series E war bonds sold to Americans during World War II, Green Liberty Bonds targeted the…
Got any book recommendations?