Traders on the floor of the NYSE, Jan. 26, 2022. Source: NYSE After January’s surprisingly strong jobs report, focus swings to consumer inflation in the week ahead and what it could mean for the Federal Reserve’s plan to raise interest rates. Friday’s report of 467,000 jobs added in January confounded Wall Street economists, some of
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Municipals were slightly weaker, particularly on the long end, but the asset class outperformed a selloff in U.S. Treasuries after a stronger-than-expected jobs report. January’s payrolls surged 467,000, and December’s were revised up to 510,000 from 199,000, causing Treasury yields to spike. “The inflation battle for the Fed and their monetary policy will be a
Li Jiang, COO at Harmony, believes that a bridge connecting all existing blockchains is key to onboard the first 1 billion users on Web 3. “We think that the future is multichain and cross-chain, that you should be able to move assets very easily from one chain to another, with good prices, with good rates
Municipals were stronger on Thursday with yields falling another two to five basis points on triple-A yield curves and new-issues fared well while Refinitiv Lipper reported $2.9 billion of outflows, marking the largest negative flows in nearly two years. The last time outflows were above $2 billion was on April 8, 2020 when they hit
Home buying competition is showing no signs of slowing down so far in 2022, based on the latest Realtor.com Weekly Housing Trends Report. As homes continued to sell more quickly than last year, asking prices accelerated at a double-digit pace and inventory remained limited. After a period of steady 8.5 to 9% growth in the fall,
In this article ABNB (Left to right) Brian Chesky, Nathan Blecharczyk and Joe Gebbia, co-founders of Airbnb Source: Airbnb In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. It’s hard to think of a more quintessential story in disruption than Airbnb — the company
Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge funds crushed the market in January as a spike in volatility and a steep sell-off in growth stocks created an ideal environment for fast-money traders. Citadel’s multistrategy flagship fund Wellington gained 4.71% last month, according to a person familiar with
Traders on the floor of the NYSE, Feb. 2, 2022. Source: NYSE Thursday is the halfway point for fourth-quarter earnings season. The good news is corporate America is flush with cash. The bad news is 2022 estimates don’t look anywhere near as robust as 2021. The highlights so far: Revenues are at record highs. Corporate America
In this article SNAP AMZN CLX PINS F RIVN The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images Check out the companies making headlines after the bell: Amazon — Shares of Amazon popped more than 18% after hours following a strong quarterly report. The company reported
Amid fresh controversy surrounding a December Federal Highway Administration memo, the U.S. Department of Transportation said the memo does not in fact restrict the use of infrastructure funds for new highway capacity projects as feared by some state transportation advocates. The controversy stems from a Dec. 16 FHWA memo that advised states to spend federal
2021 was not just the year of institutionalization of crypto and new all-time highs; it also turned out to be the biggest year for crypto philanthropy. According to research data from The Giving platform, crypto donation volume rose to $69.6 million in 2021 compared to $4.2 million in 2020. Crypto donation volume spiked 1,558% or nearly
Illinois would pump up now near-empty rainy day fund, pay more of its bills down, bolster scheduled pension contributions, and provide one-time tax relief under budget plans Gov. J.B. Pritzker laid out Wednesday. The state expects an additional $2.2 billion of revenue, about 5% of general funds, in fiscal 2022 and another $2 billion in
The bathroom is a very intimate place. In the very contradictory world of sexy technology countering the fear of hyper surveillance, the bathroom seems like the last and final place for the internet of things to hang its towel. So, it’s rare for homeowners to chat about what happens between the four walls of the
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance.
The Wormhole token bridge experienced a security exploit today, resulting in the loss of 120,000 wETH tokens ($321 million) from the platform. Wormhole is a token bridge that allows users to send and receive crypto between Ethereum, Solana, BSC, Polygon, Avalanche, Oasis, and Terra without the use of a centralized exchange (CEX). This is the
In this article MSTR BTC.CM= Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday. “Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset,” Saylor said on “Squawk on the Street,” stressing as
In this article QRVO SPOT ALGN QCOM FB A smartphone with Facebook’s logo is seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken October 28, 2021. Dado Ruvic | Reuters Check out the companies making headlines after the bell Wednesday: Meta Platforms — Shares of the Facebook parent plunged more
Washington state’s continuing fiscal stability earned it affirmation of its AAA rating and stable outlook from Moody’s Investors Service ahead of plans to sell $743.5 million in general obligation bonds competitively to fund a variety of projects. S&P Global Ratings and Fitch Ratings also affirmed AA-plus ratings with stable outlooks. The state’s tax revenues increased
Bitcoin (BTC) fell on the Wall Street open on Feb. 2 as another tech stock rout panicked traders. Bitcoin: “Macro FUD is driving all” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it dipped below $38,000 as Wall Street began, giving back half of the gains secured on Monday. At the time of writing,
A Tanzanian fintech startup revealed it has raised $10 million in its latest funding round and is planning to use the funds to finance an expansion into other African countries. Fintech Plans to Enter 12 More Countries by Year’s End The Tanzanian fintech behind an app that enables payments from the U.K. to Africa, Nala,