Bitcoin (BTC) kept up renewed pressure on $28,000 into the Oct. 8 weekly close as geopolitical uncertainty entered traders’ radar. BTC/USD 1-hour chart. Source: TradingView Trader: Bitcoin behavior at resistance “not the best” Data from Cointelegraph Markets Pro and TradingView showed BTC price performance avoiding downside volatility over the weekend. The pair recovered from a
The largest health-care strike in U.S. history hit Kaiser Permanente Wednesday, putting investors who buy and sell hospital bonds on edge as an industry that’s already experienced more than its share of distress struggles to stabilize financially. Kaiser has almost $4 billion in outstanding municipal-bond debt, according to Bloomberg data, including $1 billion in so-called
In this article APLS RMD PXD LEVI PHIA-NL PHG TSLA AEHR XOM Follow your favorite stocksCREATE FREE ACCOUNT Justin Sullivan | Getty Images Check out the companies making the biggest moves in premarket trading: Pioneer Natural Resources — The energy stock soared nearly 10% in premarket trading after The Wall Street Journal reported Pioneer was
A 1970s monument to modern architecture is sailing through the test of time in the picturesque hills of Italy’s Chianti region. The long, two-story villa, with strong horizontal lines and a flat roof, is stepped into the countryside terrain of Strada in Chianti, about a 30-minute drive from the Tuscany capital city of Florence. Florentine
A customer inspects a Tesla Motors Inc. Powerwall unit inside a home. Ian Thomas Jansen-Lonnquist | Bloomberg | Getty Images After a summer of extreme weather and wildfires and now during the peak of hurricane season, the power going out again is becoming familiar to more Americans. That means it may be a good time
Enjoy complimentary access to top ideas and insights — selected by our editors. Peter Hayes, one of the most well-known and influential people in the municipal bond industry, plans to relax and enjoy life with his family and friends after he retires early next year. “I’ll be 65 next year — and I didn’t think
Stay informed with free updates Simply sign up to the Israeli-Palestinian conflict myFT Digest — delivered directly to your inbox. Israel declared a “state of alert for war” on Saturday after Hamas launched its biggest attack on the country for years, firing a barrage of rockets and sending militants across the border from the Gaza
Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet company Ledger and Japanese Nomura, has secured major regulatory approval in the United Kingdom. The company announced on Oct. 6 that it has received approval from the U.K. Financial Conduct Authority (FCA) to register as a custodian wallet provider under the Money
Solana (SOL) price experienced a 20% gain between Sept. 28 and Oct. 6, but is the rally a tandem move with Bitcoin (BTC) price or is it being driven by other factors. Prior to the price breakout, or perhaps, it’s recovery, SOL faced a turbulent period after a U.S. court approved the sale of $1.3
Municipals were weaker along with U.S. Treasuries Friday following better-than-expected jobs data while equities rallied on the data. The September non-farm payrolls report dashed any suggestions that the labor market is weakening, but analysts still debate whether the Federal Reserve will need to raise rates again. In addition to 336,000 jobs being created in the
The Tesla logo is seen on a charger station in Virginia on Aug. 16, 2023. Celal Gunes | Anadolu Agency | Getty Images Check out the companies making headlines in midday trading. Pioneer Natural Resources — The energy stock added nearly 10%. The action comes after The Wall Street Journal reported that Exxon Mobil is
Our well-informed readers are likely aware that on October 2, WeWork withheld interest payments due on five senior secured notes totaling approximately $95 million. In an 8-K report, WeWork stated that it has a 30-day grace period to make the payments before an event of default, that it has the liquidity to make the interest
Prospective buyers attend an open house at a home for sale in Larchmont, New York, on Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images As high home prices and interest rates push up monthly mortgage payments, it’s harder for many consumers to even get a mortgage in the first place. Last year, lenders
Our weekly roundup of news from East Asia curates the industry’s most important developments. 3AC creditors strike back On Sept. 29, Su Zhu, co-founder of defunct Singaporean hedge fund Three Arrows Capital (3AC) — which prior to its collapse last June managed more than $10 billion in digital assets — was apprehended at Singapore’s Changi
North Carolina Gov. Roy Cooper is leading a state delegation to Japan next week to attend the Southeastern United States/Japan (SEUS/Japan) economic development conference in Tokyo. The trip, from Oct. 11 to 15, aims to entice businesses to move to the state. The delegation will also meet with officials and business leaders. “Japan is a
Stay informed with free updates Simply sign up to the Metro Bank myFT Digest — delivered directly to your inbox. A group of Metro Bank bondholders contacted the UK lender’s board on Monday offering a £600mn capital injection, but the company has yet to accept the offer, according to two people familiar with the matter.
Bitcoin (BTC) saw a snap retest of $27,000 around the Oct. 6 Wall Street open as wildcard United States employment data rattled markets. BTC/USD 1-hour chart. Source: TradingView Analysis: Jobs data “not what Fed wanted to see” Data from Cointelegraph Markets Pro and TradingView followed BTC price action as the largest cryptocurrency lost 2.1% in
Texas’ coffers will continue to overflow, with a nearly $18.3 billion balance projected at the end of the current biennium, according to a state revenue estimate released Thursday. State Comptroller Glenn Hegar said while the legislature approved $176.28 billion in general-purpose spending for the fiscal 2024-25 biennium that began Sept. 1, his office estimates revenue
A recession is all but inevitable for the U.S. and investors should be playing defense in that kind of environment, according to the head of the TCW Group. “We are going to have a recession, because that’s the way the world works,” Katie Koch, CEO of the firm with $210 billion under management, said Thursday
In this article CARR JNJ STZ LW FCNCA Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rivian Automotive — Rivian Automotive shares tanked 19% after the electric vehicle maker announced plans to raise $1.5 billion in