WASHINGTON — The Federal Reserve released a long-awaited report examining the potential ramifications of issuing a digital version of the U.S. dollar, saying it would not create one without a clear directive from elected officials. The 40-page report, released Thursday, coincides with a request for feedback from the Fed on the impact of a hypothetical
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Pioneer Woman Ree Drummond is a multi-faceted talent known not just for her hit Food Network television show, but also for her magazine and cookware collection with Walmart. While fans of hers have welcomed Drummond’s signature bright floral patterned products into their kitchens since 2015, they can now incorporate the same look into other rooms
A “Sold” sign stands outside a home following a snow fall in Geneseo, Illinois. Daniel Acker | Bloomberg | Getty Images Closed sales of previously owned homes in December fell 4.6% to a seasonally adjusted, annualized rate of 6.18 million units, according to the National Association of Realtors. Sales were down 7.1% year-over-year. Still, December
Cross-chain compatibility with the Ethereum (ETH) network has become a necessary component for any layer-one protocol looking to remain relevant because a majority of projects and funds locked in smart contracts are found on the top-ranked smart contract platform. After years of development and promises of interoperability, the Polkadot network moved toward its first Ethereum
Spencer Platt | Getty Images IPO investors in a record-breaking issuance rush in 2021 have so far been disappointed by dismal returns, and the outlook for the once-booming market is only getting worse with rising rates and insider selling on the horizon. Last year, the number of U.S. traditional IPOs climbed to the highest levels
In this article CSX NFLX ISRG PPG In this photo illustration the Netflix logo in the App Store seen displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in after-hours trading: Netflix — Netflix shares dropped 19% in extended trading after the company’s
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Industry advocacy groups urged the Municipal Securities Rulemaking Board to remain flexible and avoid creating new compliance standards in resources regarding new issue pricing. The comments, which were submitted Wednesday by four organizations, stemmed from the MSRB’s October request for comment on two draft resources regarding new issue pricing. One of the draft resources is
On Thursday, Stader Labs, a crypto firm building decentralized finance, or DeFi, products for proof-of-stake blockchain networks, announced that it raised $12.5 million in a private sale. The funding round was led by Three Arrows Capital with additional participation from Blockchain.com, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment, and anger investors. This puts
Municipals faced another weaker day with benchmark yield curves seeing two to four basis point cuts, underperforming a slightly better U.S. Treasury market, while equities ended in the red. Munis played catch up to the large selloff in Treasuries since Friday, holding municipal to UST ratios steady. The five-year was at 54%, 68% in 10
There’s nothing like the view of snow-covered ski runs to whet one’s appetite for an easy-care vacation getaway. This stone and wood-sided residence at the Chalet at the Lodge at Vail 2 takes in south-facing vistas of the Gore Range and the slopes in Vail, Colorado. Set near Vail Ski Resort’s Gondola One and the
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates are rushing higher, and last week that caused a major divergence in mortgage demand. Refinancing continued to dry up, but homebuyers appear to be rushing into the
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), speaks during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 14, 2021. Bill Clark | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler said Wednesday that the regulator is eyeing tighter disclosure deadlines for hedge
In this article USB PG UNH STT MS SOFI Pampers Diapers, which are manufactured by Procter & Gamble, are displayed in an Associated Supermarket in New York. Ramin Talai | Bloomberg | Getty Images Check out the companies making headlines in midday trading. SoFi – Shares of the mobile financial services company surged more than
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Darden Restaurants (DRI). This restaurant operator offers strong growth and income while trading at a reasonable price. The company delivered a solid beat for fiscal 2016 Q1, driven by solid same-store
The $350 billion of state and local aid in the American Rescue Plan was a “vaccine for the American economy,” Treasury Secretary Janet Yellen told U.S. mayors Wednesday. “Omicron could have derailed the economy,” Yellen said in a speech Wednesday at the 90th winter meeting held by the U.S. Conference of Mayors, referring to the
The Monetary Authority of Singapore has reportedly decided to shut down cryptocurrency automatic teller machines in the city-state. According to Bloomberg, to comply with new regulations issued by the Monetary Authority of Singapore (MAS), Singapore’s central bank, cryptocurrency ATM operators in the country were forced to shut down their operations on Tuesday. The new clampdown
U.S. District Court Judge Laura Taylor Swain approved the Plan of Adjustment for Puerto Rico’s central government bonds and obligations Tuesday afternoon, setting the stage for the commonwealth to exit bankruptcy after more than four years of intense negotiations over its massive debts. The action sets the restructuring terms for about $33 billion of debts
During the first half of next year, New York City will welcome a new consumer-facing listing portal, called CitySnap. Piloted by the Real Estate Board of New York (REBNY), CitySnap brings a long-awaited challenge to the ongoing dominance of StreetEasy. How it will fare remains to be seen, but it is extremely well-funded and many
Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage hit 3.7% Tuesday morning, according to Mortgage News Daily. That is the highest since early April 2020