Amazon’s revenue rose in the second quarter but fell short of Wall Street’s lofty expectations, even though the ecommerce giant increased its overall profits by 50 per cent compared with the same period last year. Net income for the three months from April to June came in at $7.8bn, or $15.12 per diluted share, comfortably
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Municipals were a touch weaker outside of 15 years Wednesday as U.S. Treasury yields rose after the Federal Open Market Committee minutes were released but pared back losses as the afternoon progressed and were back at Tuesday’s levels near the close. The tapering conversation continues, but Federal Reserve Board Chair Jerome Powell said the FOMC
The bitcoin rewards platform Lolli has announced the company has closed a $10 million Series A funding round on Wednesday. Lolli says the new financing will help the firm expand, hire and develop new partnerships. Lolli Raises $10 Million The New York-based Lolli has raised $10 million from investors, according to the company’s announcement on
Bitcoin (BTC) and most major altcoins are attempting to break above their respective overhead resistance levels, indicating the return of the bulls. Data from Bybt shows that the Grayscale premium has been climbing and reached -5.88% on July 27, its closest level to zero since May 25. This suggests that institutional investors may have again started
Yuriko Nakao | Getty Images The U.S. Marshals Service, one of the primary law enforcement agencies of the Department of Justice, has hired custodian Anchorage Digital for cryptocurrency seized or forfeited in various criminal cases. The Marshals Service has spent more than a year seeking a custodian and financial services provider for its stockpile of
The 20th anniversary of the 9/11 tragedy is less than two months away. There will be many commemorations, many reflections on how downtown New York and the country has changed since then. But for the people who lived and worked downtown during that time and are still with us, this is also time to take
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters The Federal Reserve has edged closer to winding down its bond buying program, but some market pros say the central bank could now
Real estate agents perform a critical function in the American housing landscape, bringing buyers and sellers together and making certain each side is responsibly represented. Recently, however, a number of class-action lawsuits and a Department of Justice (DOJ) investigation have been initiated against all the largest national real estate brokerages. These attacks contend that, because
The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs inflation is heating up. While rising prices brought on by supply constraints and a sudden spike in consumer demand are paving the way for the Fed to unwind last year’s bond buying, the central bank said it is sticking with ultra-accommodative
The Federal Reserve has toyed for years with opening something called a standing repo facility to prevent short-term rates markets from blowing up. Following a 2019 disruption and another early in the pandemic, the central bank finally took that step. The permanent repurchase-agreement facility, one for domestic firms and another for foreign ones, will backstop
The Federal Reserve signalled it was moving closer to the moment when it will withdraw its support for the economic recovery by tapering its asset purchases, declaring that “progress” had been made towards meeting its goals. At the end of a two-day meeting on Wednesday, the Federal Open Market Committee kept its main interest rate
The Puerto Rico Oversight Board reached a deal for an improved treatment of the Puerto Rico Infrastructure and Finance Authority rum tax bonds with two bond insurers, which had been key opponents of the central government debt deal. The board announced the deal with Ambac Assurance and Financial Guaranty Insurance Company Tuesday morning in a
Bitcoin’s (BTC) volatility made the headlines again after the original cryptocurrency briefly reclaimed its $40,000 mark before going back to $39,000 levels. Coming after a two-week-long bearish loom that started on July 15, this is the second time Bitcoin is trying to break $40,000 resistance in two days. Based on the data from Cointelegraph Markets Pro
Two Companies with Strong Balance Sheets.
Changpeng Zhao, CEO of Binance, speaks during a TV interview in Tokyo, Japan, on Thursday, Jan. 11, 2018. Akio Kon | Bloomberg | Getty Images The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution. Speaking at a virtual press
In this article TDOC SBUX GOOGL AAPL The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Check out the companies making headlines Tuesday after the bell: Alphabet — Google-parent Alphabet saw its shares jump about 3% after a blowout quarterly earnings report. The technology
The views of Mexico’s San Miguel de Allende command premium prices that luxury homebuyers happily pay. The beyond picturesque views of San Miguel de Allende truly matter to luxury buyers, according to Joseph W. Lown, a top producing agent at the leading luxury brokerage firm CDR San Miguel. “Because of topography, views are the number one
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Home prices continue to break records, as strong demand slams up against weak supply. Nationally, prices in May were 16.6% higher than in May 2020, according to the S&P CoreLogic Case-Shiller home
Decentralized cryptocurrency exchange ZKSwap has announced that its upcoming V2 mainnet will go live on July 28 via the Layer 1 Ethereum mainnet. A layer 2 launch is planned to occur sometime thereafter on Binance Smart Chain, Huobi Eco Chain, and OKEx Chain. This update will introduce a variety of new features for third-party projects
Municipals were slightly firmer in secondary trading while new-issues were repriced to lower yields from initial pricing wires. U.S. Treasuries were stronger and equities sold off ahead of the FOMC meeting Wednesday. The current market technicals combined with a slowdown in issuance is creating a general malaise in the municipal market, according to a New