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Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control
Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. The abrupt movement caused…
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United Rentals (URI) and FedEx (FDX): 10/6/2022 Bull & Bear
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Stocks making the biggest moves midday: Digital World, Domino’s, Revlon, Albertsons and more
In this article DAL DWAC Follow your favorite stocksCREATE FREE ACCOUNT Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Digital World Acquisition — The company planning to take Donald Trump’s media company Truth Social…
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Offchain Labs acquires Ethereum core dev team Prysmatic Labs
One of the core development teams behind the Ethereum Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of the Ethereum layer-2 network Arbitrum. Announced in an Oct. 13 blog post by Offchain Labs, the deal’s financial terms were not disclosed, but it was noted Prysmatic Labs chose to join Offchain Labs “for…
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Minor League Ballparks Sparking Major Downtown Rebirths
Few things are more quintessentially, uniquely American than Minor League Baseball. Played out in small and not-so-small cities from Portland, Me. to San Bernardino by teams both affiliated and unaffiliated with Major League Baseball, the summer game on the minor league level proves an affordable, entertaining night out. As a bonus, it’s a coalescing force…
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Disclosure fraud highest concern for muni market
Disclosure fraud, which represented almost all of the Public Finance Abuse Unit’s enforcement actions this year, ranks as the highest concern for municipal market participants. That’s according to an audience poll at the National Association of Bond Lawyers’ Workshop on Thursday, which collected 72% of the audience vote, followed by municipal advisors with 17% of…
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Truss in crisis talks on new tax cut U-turn
Liz Truss was on Thursday locked in discussions on a major U-turn on the government’s “mini” Budget, prompting a market rally amid expectations that a £43bn package of unfunded tax cuts is unravelling. Government insiders confirmed talks were taking place on whether to unwind parts of chancellor Kwasi Kwarteng’s fiscal statement, with speculation it could…
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Munis firmer, outflows top $5 billion for second week
Municipals were firmer in secondary trading Wednesday as the largest deal of the week, a $700 million offering from the New Jersey Turnpike Authority, took focus in the primary. U.S. Treasuries made gains and equities ended mixed after the Federal Open Market Committee minutes signaled continued tightening. “The Fed Minutes showed tightening will continue even…
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Binance-Backed Blockchain Completes Hard Fork to Mitigate Future Cross-Chain Bridge Hacks
The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals and deposits on Wednesday in order to execute the upgrade. Not too…
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DexCom (DXCM) and Papa John’s International (PZZA): 10/5/2022 Bull & Bear
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Cash is king again as money managers are in no rush to embrace risk with Fed raising rates
Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Spencer Platt | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Cash, one of the most hated corners of the market for years, is getting some newfound love from money managers as the Federal…
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Consumer inflation expected to have run hot in September, boosted by rent
Getty Images Stoked by rising rent costs, consumer inflation is expected to have remained hot in September but slightly lower than August’s pace. The consumer price index will be released Thursday at 8:30 a.m. ET, and it will be closely watched by investors as a key input before the next Federal Reserve meeting on Nov.…
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How To Invest In Real Estate When The Bubble Deflates
Amid mounting evidence that the rapid rise in home prices is over, investors in rental property will have more options over the next few years as sellers outnumber buyers and prices deflate – slowly in most markets but very rapidly in others. As has ALWAYS happened in the past, home prices and rents will eventually…
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Demand for riskier home loans is high as interest rates soar
Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with the previous week, according to the…
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Baird’s Sorensen brings charter school focus to Florida
Municipal bond veteran Bruce Sorensen has moved to Florida where he will continue to work for Robert W. Baird & Co. and focus on charter school finance. Sorensen joins Baird’s Sarasota office, moving from Minneapolis, and continue to focus his work on charter school municipal finance, the firm said Monday. Sorensen joined Baird in 2019…
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Bank of England ramps up bond buying as it fights fresh gilt sell-off
The Bank of England battled a renewed sell-off in UK government bonds on Wednesday after its vow to end its emergency gilt-buying programme unsettled markets already unnerved by the fiscal plans of prime minister Liz Truss. The central bank bought £4.4bn of gilts from investors, its biggest intervention since it entered the market last month…
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West Coast leaders sign pact to further environmental goals
The Washington and Oregon governors and the premier of Canada’s British Columbia province have signed a pact joining with California Gov. Gavin Newsom in setting environmental mandates that encourage electric vehicle use, and pledging dollars to investing in EV infrastructure. Newsom, Oregon Gov. Kate Brown, Washington Gov. Jay Inslee and British Columbia Premier John Horgan…
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This Metal Keeps the EV Industry Running
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Stocks making the biggest moves midday: Amgen, Uber, Lyft, Zscaler and more
In this article META AMGN WBA LVS LEG WYNN ZS NFLX Follow your favorite stocksCREATE FREE ACCOUNT A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, May 13, 2020. Mike Blake | Reuters Check out the companies making headlines in midday trading. Amgen —…
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Sandra Bullock Lists 91-Acre San Diego Compound For $6 Million
Actress Sandra Bullock has channeled much of her A-list wealth into real estate ventures, having bought and sold homes in Austin, Texas, Los Angeles, New York, a Georgia Tybee Island home and more across the country. Now a producer, she has just listed her stunning 91-acre compound in San Diego for $6 million. The property,…
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