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Muni yields climb, one-year hits 1%
Municipal yields rose up to seven basis points Thursday pushing the one-year triple-A muni to 1%, a level not seen since April 2020 during the initial COVID-led selloff. U.S. Treasuries pared back some losses near the close, but the two-year hit its highest level in over two years after inflation hit its highest in 40.…
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Oil producers in a ‘dire situation’ and unable to ramp up output, says Oxy CEO
In this article OXY Vicki Hollub, President and CEO, Occidental Petroleum Corporation, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in Beverly Hills, California. Michael Kovac | Getty Images As oil prices surge to the highest levels since 2008, Occidental Petroleum CEO…
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Chinese stocks are down sharply on Thursday. Here’s what could be behind the decline
Traders on the NYSE Feb. 28, 2022. Source: NYSE Select Chinese stocks have declined sharply on Thursday. China watchers believe this is likely because the Securities and Exchange Commission has identified five U.S.-listed American depositary receipts of Chinese companies (Yum China, BeiGene, Zai Lab, ACM Research and HUTCHMED) for failing to adhere to the Holding…
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Stocks making the biggest moves midday: Amazon, CrowdStrike, Micron and more
In this article AMD MU BKR CVX AMZN CRWD A worker sits on a wall dividing an informal settlement from the new Amazon fulfillment center, which is under construction at RMSG Alamar Industrial Park, in Tijuana, Mexico September 7, 2021. Jorge Duenes | Reuters Check out the companies making headlines in midday trading. Amazon —…
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Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time
The market capitalization of gold-backed crypto tokens increased by 60% in 2022 to surpass $1 billion for the first time in history, according to Arcane Research in its latest weekly report. Gold shines, Bitcoin disappoints In 2022, investors have been rushing to the perceived safety of gold-backed crypto assets, whose value is pegged to the…
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Waves price rises 230% in just three weeks — Could a ‘triple top’ spoil the rally?
Waves (WAVES) continued its price rally further into this week, even as its top crypto rivals wobbled between losses and gains elsewhere in the market. A 230% Waves boom The WAVES/USD trading pair surged by nearly 75% this week to reach around $31, its best level since Oct. 28, 2021. Its rally came as a part…
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How Tripalink Is Elevating Life For Young Renters
The real estate industry isn’t exactly known for finding dynamic solutions to common problems. Yet, that is how Tripalink, which is a real estate brand that develops and manages co-living and standard apartments came to be. When Founder and CEO, Donghao Li had a challenging experience renting an apartment as an international graduate student at…
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There is ‘nowhere to hide’ for consumers as inflation hits food, gas, housing
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making it hard to escape the budgetary sting. The Consumer Price Index jumped 7.9% in February relative to a year earlier, the largest…
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Bitcoin spoofs $40K breakout as US CPI inflation data conforms to 7.9% estimates
Bitcoin (BTC) turned back time to February on March 10 as the latest U.S. inflation data sparked a bout of volatility. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Wheat gives Bitcoin a run for its money Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reacting strongly to February’s consumer price index (CPI) readout. Despite…
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Gas tax relief front and center as California’s budget season nears
Tackling California’s housing crisis and alleviating the financial blow of rising gas prices and inflation are hot button issues as the governor’s May budget revision draws near. Gov. Gavin Newsom promised a gas tax rebate in his State of the State speech Tuesday night and unveiled a CARE Court program last week aimed at getting…
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Stock Market Charts: Double Top – Technical Analysis
What Is the Double Top Reversal Pattern? -You need a prior trend that is positive in order for it to be a reversal -There are usually two points that force a stock to reverse -As the stock climbs upward, it hits the first top, the stock goes down (sentiment is saying the stock is too…
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Screening Tutorial on Zacks.com
Kevin Matras goes thru a step by step tutorial on how to use the stock screener on Zacks.com.
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Introduction to the Forex Market
In this video we go over the basics of the currency market – the largest market in the world which trades over $200 billion every hour globally. From the building blocks of what currency pairs are and how they trade together to what buying and selling a pair actually means we cover the things underpinning…
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Detroit inches closer to investment grade with Moody’s upgrade
Detroit’s post-Chapter 9 fiscal progress despite the COVID-19 pandemic’s revenue blows drew an upgrade from Moody’s Investors Service that moves the city two notches away from investment grade. Moody’s raised the rating Wednesday one notch to Ba2 from Ba3 and signaled by leaving a positive outlook on the rating that another upgrade could be in…
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Investing app Acorns taps ‘choppy’ private markets at $1.9 billion valuation after scrapping SPAC
Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Acorns, the fintech start-up that scrapped plans to go public in January, has raised $300 million from private investors, CNBC has learned. The savings and investing app is now valued at $1.9 billion after the transaction, more than double its last private round valuation, according to…
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SEC to vote on new cybersecurity disclosure rules as Ukraine crisis gives them ‘special relevance’
Traders on the floor of the NYSE, March 2, 2022. Source: NYSE The Securities and Exchange Commission is voting on Wednesday to propose new cybersecurity rules for public companies. There are two components to the proposal: Mandatory cybersecurity incident reporting: “Material” incidents would have to be reported on an 8-K form within four business days…
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Stocks making the biggest moves midday: Amazon, Netflix, Bumble and more
In this article AMZN BMBL SFIX JBHT SBUX GE Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Bumble — Shares of the online dating company surged more than 43% in midday trading. Fourth-quarter revenue was just short of expectations from Refinitiv. Still, BMO…
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REIT Net Acquisitions Hit Record High Of $67.8 Billion In 2021
REITs have been on a buying spree, making $67.8 billion of net acquisitions in 2021. Several factors have contributed to these purchases, including a robust recovery in underlying property markets and solid outlook for future growth, a low cost of capital, and strong balance sheets that are in a good position to support this expansion…
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Brief drop in mortgage rates sparks mini refinance boom
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters After rising steadily for months, mortgage rates made a U-turn last week, and borrowers jumped to take advantage. The crisis in Ukraine rattled financial markets and caused a run on the relatively safer bond market. Yields fell and mortgage rates…
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Defunct File-Sharing Platform Limewire Plans a Comeback, NFT Marketplace and Token on the Horizon
The once-popular and now discontinued file-sharing platform Limewire is returning after shutting down in 2010. However, rather than provide access to copyrighted music files and movies, the new Limewire aims to launch a marketplace dedicated to non-fungible token (NFT) technology. Limewire Plans to Return With an NFT Marketplace Platform Limewire plans to return from the…
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