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EU leaders grant Ukraine and Moldova candidate member status
EU leaders agreed at a summit on Thursday to make Ukraine and Moldova candidates to join the bloc, a historic move by Brussels in the wake of Vladimir Putin’s invasion of Ukraine. “Today marks a crucial step on your path towards the EU,” tweeted European Council president Charles Michel, who chaired the leaders’ meeting. “Our…
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Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the risk
Swan Bitcoin CEO Cory Klippsten believes that the liquidity crisis involving Celsius Network may be just the beginning of a broader collapse in the crypto lending space. “It doesn’t matter if you’re an amazing CeFi lending platform, taking these retail deposits and lending them out the back end and giving them yield, or a terrible…
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Coinbase shares fall after rival Binance.US drops spot bitcoin trading fees
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Coinbase shares fell on Wednesday after rival crypto exchange Binance.US said it’s dropping certain trading fees for customers. Binance.US, the U.S. affiliate of the…
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Stocks making the biggest moves premarket: Accenture, Darden Restaurants, FactSet and more
In this article KBH OXY RAD CSA-FF DRI FDS Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut…
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Falling House Prices And The Elections In 2022 And 2024
Falling house prices tend to be bad for incumbent politicians during reelections. Take, for example, George H. W. Bush. Vice President George H. W. Bush was elected president in a landslide in 1988. The U.S. housing market had been booming for years before that election. The Northeast boomed from 1986 to 1988, and California was…
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Sales of existing homes fell in May, and more declines are expected
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May…
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University of Cincinnati turning crypto craze into educational curriculum
Cryptocurrencies are attracting a lot of attention from academic institutions as they become increasingly accepted as an alternative to conventional assets. The University of Cincinnati (UC) in Ohio, United States, has even established courses around cryptocurrency as part of its curriculum. In fact, UC is working on two new programs that will educate students about…
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Cleveland State University’s housing goals have rating cost
Cleveland State University in Ohio is banking on a housing play financed with a portion of a $148.8 million bond sale Thursday as part of its strategic plan to bolster its appeal and housing opportunities. Euclid Avenue Development Corp., a unit of the university established to develop, own, and manage housing and parking facilities, will…
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Stocks to Buy on Lumber Crash
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Active primary, constructive secondary push muni yields lower
Constructive secondary trading and an active primary pushed triple-A muni yields lower on the back of a U.S. Treasury flight-to-safety rally after Federal Reserve Chair Jerome Powell acknowledged for the first time that it was “certainly a possibility” the U.S. economy may face a recession as the Fed continues to contend with inflation. “Inflation has…
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Rail chief threatens to go over union’s head on UK strikes
The second of three one-day rail strikes across Britain will go ahead on Thursday, the union at the heart of the dispute said, after talks to resolve the dispute broke down. Mick Lynch, head of the RMT union, criticised transport secretary Grant Shapps for the impasse in the negotiations between the RMT, the train operators…
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Stocks making the biggest moves premarket: Winnebago, La-Z-Boy, Revlon and others
In this article DOW LZB REV KFY WGO ABNB Check out the companies making headlines before the bell: Winnebago (WGO) – The recreational vehicle maker saw its stock jump 3.4% after it beat top and bottom-line estimates for its latest quarter. Winnebago earned an adjusted $4.13 per share, compared with a consensus estimate of $2.96,…
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Wellness Continues To Trend In New Residential Design Survey
Leading design and remodeling platform Houzz published its 2022 Summer Survey today and it’s chock full of wellness-related design trends. The survey measures searches on its massive site in the first quarter of 2022, with comparisons to the same period last year. Searches don’t necessarily translate to 2022 sales, but indicate strong consumer interest that…
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Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units. Sales were 8.6% lower than in May 2021. As existing-home sales declined, the median price…
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New Philippines Central Bank Governor: Crypto Investors Are Adherents of the Greater Fool Theory
The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing in cryptocurrencies are doing so because they want to “hide their money from the government.” A ‘Very Scary’ Investment Strategy The new…
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Steadier tone ahead of uptick in supply
Municipals were little changed Tuesday as U.S. Treasuries sold off on the long end and equities rallied. Triple-A benchmarks have remained steady over the past several trading sessions following the massive volatility at the start of last week. The majority of the losses happened last Monday and Tuesday traders and investors were trying to get…
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‘Disappointing’: Cardano devs delay Vasil hard fork by a month
Input Output Hong Kong (IOHK), the blockchain engineering firm behind the Cardano network has released some “disappointing news”, announcing a one-month delay to the long-awaited Vasil upgrade. The Vasil upgrade is set to provide a “massive performance improvement to Cardano” and its smart contract capabilities according to Cardano co-founder Charles Hoskinson. It was previously slated…
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Denver Airport gets ratings lift from Moody’s
Moody’s Investors Service boosted Denver International Airport’s bond ratings a notch ahead of a $1.84 billion sale for its current capital plan. The senior revenue bond rating was raised to Aa3 from A1 and the rating on subordinate revenue bonds was upgraded to A1 from A2, affecting about $5.2 billion of outstanding debt. “The ratings…
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UK rail bosses push for job cuts as strike talks resume
Large parts of Britain have ground to a halt after the biggest strike to hit the country’s railways in 30 years began in the early hours of Tuesday with disruption to passengers expected to last all week. Members of the RMT union officially launched the industrial action by not turning up for night shifts that…
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Cointelegraph Store introduces Summer of Crypto merch collection
As the market gets hot with the recent price drops, traders need a way to stay cool and take a break from looking at their portfolios. Cointelegraph has dropped a summerwear collection to help holders express their identity as crypto believers, especially when it’s time to take a dip at the pool or the beach.…
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