The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention. One project that managed to overcome the sideways action in the market and rally
The Regional Transportation Authority of Illinois and the Chicago Transit Authority won upgrades from Moody’s Investors Service as sales taxes recover and worries about exposure to fallout from the state fade with Illinois on stronger fiscal ground. Both had carried a negative outlook assigned in May 2020 as the pandemic took a toll on sales
The world’s largest economies have thrown their weight behind a global tax reform deal that would impose a minimum levy on multinational corporations, ramping up pressure on a small number of holdout countries to sign up to the agreement. G20 economy ministers and central bankers meeting in Venice on Saturday issued a joint communique endorsing
U.S. Treasuries pared back gains with yields rising by four to six basis points Friday and stocks rallied to record highs as investors’ concerns over a lull in the economic recovery quieted. Municipal bonds did as they often do on a summer Friday — stayed on the sidelines and awaited the coming week’s larger new-issue
On July 9 Bitcoin and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a handful of analysts continue to caution that BTC could still drop to the $24,000 to $29,000 range in the short-term. Data from Cointelegraph Markets Pro and TradingView shows that the price of
Kevin Matras goes over an options strategy to make money when a stock is going sideways.
U.S. Senator Elizabeth Warren (D-MA) questions Charles P. Rettig, commissioner of the Internal Revenue Service, during the Senate Finance Committee hearing titled The IRS Fiscal Year 2022 Budget, in Dirksen Senate Office Building in Washington, D.C., June 8, 2021. Tom Williams | Pool | Reuters Wells Fargo‘s decision to pull customers’ credit lines was lambasted
Traders on the floor of the New York Stock Exchange, June 25, 2021. Source: NYSE Second-quarter earnings reporting season gets underway in the week ahead and eye-popping results could validate a market that continues to easily shake off any concerns on its steady march to record high after record high. The second quarter’s profits for
One of the largest homes ever built under the auspices of esteemed architect Paul Williams has come to market after having only three owners in its 80-year history. Williams, the first African American to become a member of the American Institute of Architects as well as the first African American to be elected to their
A for sale sign sits outside a house in Miami Beach October 22, 2009. Carlos Barria | Reuters Mortgage demand fell for the second week in a row, as low inventory and high home prices continue to weigh on the housing market. Mortgage applications decreased 1.8% last week, according to the Mortgage Bankers Association’s seasonally
Earlier this week, Fan Yifei, the deputy governor of the People’s Bank of China has warned that stablecoins like Tether (USDT) pose “risks and challenges to the international monetary system, and payments and settlement system”. Fan did not even spare Bitcoin (BTC) and called it a tool for speculation and a possible threat to “financial security
Kentucky’s general fund receipts came in $1 billion above projections for fiscal year 2021, the Office of the State Budget Director reported on Friday. General fund receipts rose 10.9% to $12.8 billion for fiscal 2021 from the same period in the previous year, $1 billion above the prior budgeted estimate and the highest annual growth
Joe Biden is set to sign a sweeping executive order to curb the power of big business by stamping out anti-competitive practices that harm smaller rivals. The White House on Friday unveiled 72 measures in Biden’s order, which include a ban on non-compete clauses for workers and span industries from technology and transportation to healthcare and
Illinois reaped a second rating reward for its improving fiscal condition with its first S&P Global Ratings upgrade in 24 years. The upgrade to BBB from BBB-minus followed a similar move by Moody’s Investors Service last week raising the rating to the same level at Baa2 with a stable outlook. In June, Fitch Ratings moved
Israel’s parliament, the Knesset, has become the first national legislature to release a non-fungible token. The special NFT has been created for the country’s new president, Isaac Herzog, who took office this week after his election in early June. Knesset Becomes First Parliament to Issue NFT Isaac Herzog received the token right before his inauguration
A Leisure Stock to Consider as the Economy Reopens and One That Shines in Beauty Business.
Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBC Payments and digital currency firm Circle plans to go public later this year through a merger with special purpose acquisition company Concord Acquisition Corp. The deal, which Circle announced on Thursday, is expected to close in the fourth quarter and would value the company
In this article LEVI GM PSMT ACCD A sign in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell Thursday: Levi Strauss — Shares of Levi Strauss added 3.2% after the retailer crushed Wall
It may have taken four years, but Kelly Clarkson has finally sold her lakefront megamansion in Hendersonville, Tennessee for $6.3 million. The original listing price was $8.75 million in 2017 with the most recent reduction early this year to $7.49 million. The singer, songwriter and talk-show host still raked in a profit, as she bought the
An IRS office building in the East Harlem neighborhood of New York. Timothy Fadek/Bloomberg via Getty Images Last December, two Atlanta tax professionals pled guilty to a scheme that defrauded the IRS of more than $250 million in taxes. The scam claimed more than $1.2 billion in fraudulent charitable deductions through so-called syndicated conservation easements,