The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes. The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point increases in June, July and
admin
The Puerto Rico Oversight Board said it has lined up an impaired class to support a potential Puerto Rico Electric Power Authority restructuring deal, as legally required, but some were skeptical. One impaired class must vote for a PREPA plan of adjustment under the Puerto Rico Oversight, Management, and Economic Stability Act for U.S. District
Hurricane Ian gave Florida a deadly beating, but the insurance entities the state created for such eventualities remain in good shape, officials say. Hurricane Ian made landfall in southwest Florida on Sept. 28 as a Category 4 hurricane. Florida officials report 130 deaths in the state. Risk modeling and solutions firm RMS estimates total private
Apollo Global snapped up $1.1bn of assets from UK pension funds as the US-based private capital group took advantage of a crisis triggered by the UK’s disastrous “mini” Budget. Scott Kleinman, co-president at Apollo Global, said on an earnings call on Wednesday that Apollo’s Athene unit accounted for about a third of the collateralised loan
Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-principle approval for a major payments institution license, allowing it to issue cryptocurrencies and facilitate domestic and cross-border payments, while Paxos received its license to offer digital payment token
I want to cover the concept of fear as well as greed. These to forces really oppose one another. When the market is in fear, the market is usually tanking and going down. When the market is in greed state the market is skyrocketing or going up. So these two forces are always going back
Tracey Ryniec uncovers two top stocks that are flying under the radar. Blue Buffalo Pet Products: https://www.zacks.com/stock/quote/BUFF?cid=CS-YOUTUBE-FT-VID Pool Corporation: https://www.zacks.com/stock/quote/POOL?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
Two-year old start-up Way will announce later today the close of their Series A round totaling $20 million with a valuation of $100 million. Tiger Global led the round with several other participants including MSD Capital, the Michael Dell–founded private investment firm which has a strong presence in the real estate technology landscape. In the
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Getty Images Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns that the lender will need to cut more employees as the U.S. housing slump deepens. The bank had about 18,000 loans in its retail origination pipeline
After a bullish hike over the past week, Bitcoin (BTC) seems to be slowly consolidating, driving cryptocurrency market experts and traders to analyze its current price movements to try and deduce what might be in store for it in the future. Taking into account the current price action of Bitcoin and developments with wider macro
Cops wounded in shootout in Newark Two Newark police officers confronted a suspect in a parking lot, Mayor Ras Baraka said. The suspect shot the officers at close range, the mayor added. The officers were hospitalized in stable condition. ESSEX COUNTY, N.J. – Two cops were shot on Tuesday afternoon in Newark prompting a massive
close video Twitter owner Elon Musk’s arrival creates change, chaos on the internet The Heritage Foundation’s Jake Denton breaks down some of the biggest changes that Elon Musk is implementing at Twitter on ‘The Evening Edit.’ Twitter CEO Elon Musk issued a statement clarifying how the platform will proceed with election integrity and content moderation,
Massachusetts state officials have expanded the eligibility parameters for Chapter 62F tax refunds, with the highly anticipated distribution of checks and direct deposits now underway for taxpayers. The Baker administration previously said Bay Staters who filed their 2021 state tax returns on or before Oct. 17 and who had a tax liability would qualify for
Museum of Modern Gaming? — Video games invade the art world in MoMAs Never Alone exhibition Are games art? Who cares. Exhibit is more interested in how they bring us together. Luis Aguasviva – Nov 2, 2022 11:30 am UTC Enlarge / Video games… in a museum?! reader comments 11 with 10 posters participating Share
A river longer than England’s Thames flows beneath the Antarctic ice sheet, draining an area the size of France and Germany combined, new research reveals. This under-ice river was discovered using ice-penetrating radar mounted on aircraft. In a series of aerial surveys, researchers discovered a river system snaking 285 miles (460 kilometers) and draining into
A massive search was underway Wednesday for a gunman believed to be armed and dangerous who shot and injured two Newark police officers at an apartment building in the citys South Ward on Tuesday afternoon. Both officers were in stable condition late Tuesday at University Hospital in Newark one was shot in the leg and
NEW YORK (AP) As he played to a crowd of supporters in Robstown, Texas, former President Donald Trump drew cheers as he talked up his first two runs for the White House and teased a third. In order to make our country successful, safe and glorious again, I will probably have to do it again,
The Connecticut Green Bank’s most recent issuance of its retail investor friendly Liberty Green Notes brought in $250,000 for green upgrades to small business energy infrastructure statewide, the bank said. The end of the sales period last week marked the fourth successful issuance by the state-affiliated bank of the pioneering credits, giving investors access to
Voters will consider dozens of tax increases to fund transportation projects on next week’s ballots as cities, counties and states hope to generate fresh funds to leverage federal infrastructure dollars. The ballot measures come as advocates say they expect a flurry of projects over the next few years. The transportation questions would fund capital projects
Russia’s oil exports are set to decline by as much as 1mn barrels a day this winter even as the country expands its “dark fleet” of tankers, according to the world’s biggest independent energy trader. Russell Hardy, chief executive of Vitol, said that while Russia had made progress in shielding itself from the effects of