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German automaker Volkswagen is set to receive $1.3 billion in state aid under an economic development deal signed by South Carolina Gov. Henry McMaster on Monday, backing the construction of a new electric-vehicle production plant 20 miles north of the capital, Columbia. The $2 billion planned factory will produce electric vehicles under the Scout nameplate,
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Executive pay at Silicon Valley Bank soared after the bank embarked on a strategy to boost profitability by buying riskier assets exposed to rising interest rates, according to a Financial Times analysis of securities filings and people familiar with the matter. The jump in pay for chief executive Greg Becker and chief financial officer Daniel
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In this article REGN NFLX PACW FRC META Follow your favorite stocksCREATE FREE ACCOUNT Aaronp/bauer-griffin | Gc Images | Getty Images Check out the companies making the biggest moves midday: Netflix — The streaming giant’s stock climbed 8.5% following a report from YipitData that said the company’s gross additions in Canada have improved. YipitData wasn’t
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Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese crypto billionaire sued by SEC On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation
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While rent control appears to help housing providers in the short run, in the long run it affects their investment and development plans, according to new research by the National Apartment Association (NAA). Potential actions include reducing investments, shifting plans to other markets and canceling plans altogether. Furthermore, a full two-thirds of housing providers would
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Municipals were slightly firmer in spots, while U.S. Treasuries extended their rally once more and equities ended up. The two-year muni-UST ratio was at 65%, the three-year at 66%, the five-year at 68%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the
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Litecoin (LTC) emerged as one of the best-performing cryptocurrencies on March 23, surpassing its top-ranking rivals Bitcoin (BTC) and Ether (ETH).  Litecoin attracts Bitcoin and Ethereum investors LTC price rallied 5.5% to reach an intraday high of around $92.50. In comparison, the total crypto market capitalization (TOTAL) has risen 2.25% to $1.14 trillion, with BTC
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Municipals were mixed Wednesday as U.S. Treasuries rallied following the Federal Open Market Committee’s decision to hike rates a quarter point. Equities sold off. The two-year muni-UST ratio was at 64%, the three-year at 65%, the five-year at 67%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. ET
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Inflation means your money is worth less every year – it’s one of the best reasons to be a long-term investor. And when inflation is very high, special steps can be taken to protect your investments. Our Investing 101 series is here to help give you the knowledge you need to feel empowered to build
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