Chaos surrounds the vote count in New York’s Democratic mayoral primary with the city’s Board of Elections on Tuesday night acknowledging a major error in its ranked-choice tally under the new voting system. The board said it mixed in 135,000 test ballots with numbers it released earlier in the day. Those numbers had showed Kathryn
Elevated inflation will compel the Federal Reserve to raise US interest rates at least twice by the end of 2023, according to a new poll of leading academic economists for the Financial Times. The inaugural survey conducted by the FT and the Initiative on Global Markets at the University of Chicago’s Booth School of Business
Bitcoin’s reliance on large-scale mining infrastructure and geographic concentration has been thrown into sharp relief by China’s recent mining crackdown. In May, China announced that it would be getting tough on crypto mining and trading as a response to financial risks. The nation’s crackdown on crypto is not new, rather it’s a reiteration of previous
Illinois won a one-notch upgrade Tuesday from Moody’s Investors Service, action that turns the rating tide for a state stung by more than a decade of downgrades that left it one cut away from a speculative grade. Moody’s moved its general obligation and Build Illinois sales tax-backed ratings up one level to Baa2 from Baa3.
In this article 9988-HK 9888-HK FISV Leon Cooperman on CNBC’s “Halftime Report.” Scott Mlyn | CNBC Billionaire investor Leon Cooperman said Tuesday that stock picking is key to superior returns going forward as the overall market has grown stagnant after a historic rebound from the pandemic hit. “In terms of my long-term outlook, to be honest
The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New New York, January 16, 2019. Carlo Allegri | Reuters Stocks are expected to move higher in the second half of the year, propelled by strong earnings gains and super-charged economic growth. The market’s gains, however, are not expected to be
ADVERTISEMENT When a property owner moves its business out of a building or loses a major tenant, the building may sit vacant for an extended time. Aside from enduring the pain of lost revenue and having to pay real estate taxes and other expenses to carry a building that doesn’t produce revenue, the owner also
Institutional investors rushing in to buy properties is not a main reason for the ultra-hot U.S. housing market, Coldwell Banker CEO Ryan Gorman told CNBC on Tuesday. In an interview on “The Exchange,” the real estate executive acknowledged the potential for institutional buyers to add further pressure on prices, as they look for potential hedges against inflation,
On May 19, the total cryptocurrency market capitalization nosedived by 19% and has since failed to recover to the $1.8 trillion mark. More than 40 days have passed, and investors have begun to question what could happen to altcoins if the current bear market takes longer than expected to recover. Before digging into that, analysts
Cryptocurrency prices surged on June 29 as Bitcoin (BTC) price pushed through the $35,000 resistance level and lifted the total market cap by $93 billion, with $50 billion of that total flooding into altcoins. Bitcoin put on a 7% gain on the day to climb back above $36,000 and leading traders to expect a rally to the
To emphasize the need for new tunnels connecting New York and New Jersey, U.S. Transportation Pete Buttigieg held up a heavy piece of corroded wiring at his Penn Station press conference. “This entire technology is really outdated,” he told reporters on Monday. “Pieces of it can literally blow.” Buttigieg and members of congressional delegations from
US home price growth accelerated in April at the fastest pace in more than three decades as strong housing demand continued to come up against a shortage of residential properties. The S&P Case-Shiller national home price index, which covers all nine US census divisions, rose 14.6 per cent year on year in April, data on
JPMorgan Chase has released an investor note stating that the cryptocurrency market appears “to be beginning the process of healing.” In the short term, however, the JPMorgan analysts expect further sell-offs before capitulation. JPMorgan’s Crypto Market Outlook JPMorgan Chase’s analysts, including Josh Younger and Veronica Mejia Bustamante, wrote about the outlook of the cryptocurrency market
California and Mexico lawmakers signed an agreement Monday on a project that will speed up the movement of goods and travelers at a San Diego County border crossing. The State Route 11/Otay Mesa East Port of Entry project being built at a combined cost of $738 million is expected to halve the amount of time
http://www.zacks.com – Kevin Matras goes over a seldom talked about options strategy called Ratio Back Call Spreads. Learn how it works and how you might be able to use them.
A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares climbed after the videogame retailer said it sold five million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit favorite meme stock jumped 9% in premarket trading on Tuesday after the company announced the
In this article .AD.IXIC An ASL Airlines Boeing 737-400 freighter landing at Milan Malpensa airport. Fabrizio Gandolfo | LightRocket | Getty Images Check out the companies making headlines in midday trading. Intellia Therapeutics – Intellia shares surged 56% after the company announced positive results from a phase one study, along with partner Regeneron, of a gene-editing
You know the saying: First comes love, then comes marriage, then comes a… mortgage? As much as we’d like to have it all—all at once—most young couples can’t afford both a big, splashy wedding and a down payment on a home. When forced to choose between the two, weddings used to win; But all that
British designer Thomas Heatherwick is designing Google’s new buildings in California and London. Getty In 2012, British designer Thomas Heatherwick found himself having dinner with Google co-founder Larry Page at the billionaire’s house in California. Page wanted to discuss the future of Google’s sprawling headquarters in Mountain View, as well as some of the company’s
Just three days before the start of a new fiscal year, Arizona lawmakers and Gov. Doug Ducey have agreed on a $12.8 billion budget that includes what they call the largest tax cut in state history. “We achieved a tax cut that will protect working families and small businesses, we’re paying off hundreds of millions