Illinois moved another step back from the ratings brink Thursday afternoon, as Moody’s Investors Service revised the outlook to stable from negative on its Baa3 rating, which was affirmed. The action gives Illinois a bit of space above speculative-grade status, though the rating itself remains at the lowest investment grade. S&P Global Ratings on March
US president Joe Biden declared “hope is on the way” as he doubled his goal for coronavirus vaccinations to 200m within his first 100 days in office and trumpeted his $1.9tn fiscal stimulus deal for already delivering a stronger recovery. Biden’s optimism in the fight against the coronavirus and the economic downturn came on Thursday
press release PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of Taraxa tokens (TARA) under the pair USDT/TARA on Mar 23 at 9:00 a.m. EDT. Taraxa is a public ledger platform purpose-built for audit logging of informal transactions. Taraxa provides decentralized
Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services. Several cryptocurrency companies like BlockFi and Coinbase have revealed future plans to offer cryptocurrency-backed debit and credit cards that offer cashback rewards in Bitcoin and StormX (STMX) has joined the crowd.
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose roughly 50% and showed that their wild swings are not yet over. The
Jason Kempin | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. GameStop — Shares rose 31% in midday trading as the volatile video game retailer stock looked to snap a losing streak and curb steep losses from the prior session. GameStop, which reported fourth-quarter earnings on Tuesday, is
Staked, a blockchain infrastructure company and investment manager, is providing institutional investors with a new vehicle in which to invest in Ether (ETH) and earn staking rewards on the Ethereum 2.0 Beacon Chain. The Staked ETH Trust is now accepting private placement to accredited investors, the company announced Thursday. The Trust allows investors to gain
Anna Lowder and her husband Harvi Sahota are the Town Founders of Hampstead, and lead the town planning, design, construction, marketing, and placemaking of the community. With over 15 years of New Urbanist development experience, Hampstead is the culmination of their effort in “Building Community Through Design.”. Can you describe the project briefly? Hampstead is
The CEO of United Wholesale Mortgage on Wednesday defended a recent controversial move in a crosstown battle with rival Quicken Loans. UWM earlier this month said it would no longer work with any mortgage brokers who also conducted business with Quicken and another competitor, Fairway Independent Mortgage in Wisconsin. “I know how different people want
Planning your tactical buys during market corrections is critical to execution and long-run success
North Carolina Gov. Roy Cooper on Wednesday recommended placing a $4.7 billion general obligation bond referendum before voters in November. As Cooper released his recommended budget of $55.9 billion for fiscal years 2021 through 2023, he noted the bonds would address the state’s infrastructure needs. He pointed out the advantages of the current low interest-rate
Municipals were firmer across the curve as the New York City Transitional Finance Authority repriced its $1 billion deal to double-digit lower yields and the primary and stronger U.S. Treasuries again helped to direct secondary markets stronger. The Investment Company Institute Wednesday reported another week of inflows with $2.234 billion coming into long-term municipal bond
Frantic efforts are under way to unblock the Suez Canal after one of the world’s largest container ships ran aground, severing a vital trade artery and threatening to disrupt global shipments for days. The Ever Given container ship, which is almost as long as the Empire State Building is tall, is wedged across the southern
Fidelity Investments, the $4.9 trillion asset manager, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to list a new Bitcoin (BTC) exchange-traded fund. The Wise Origin Bitocin Trust was filed with the SEC on Wednesday, according to a Form S-1 Registration Statement that appeared on the regulator’s website. The ETF
Credit Suisse bank. NurPhoto | NurPhoto | Getty Images One Wall Street firm may have found a solution to the unhappiness of overworked junior bankers amid a boom in deals activity: Money. Credit Suisse executives told mid- and entry-level investment bankers Wednesday that they were getting special $20,000 bonuses in the second quarter, and that
It was a bad day for Cathie Wood. And it was a very strange trading day. For weeks, stocks have been held hostage to Treasury yields, particularly the 10-year. As yields moved up, stocks, particularly high-multiple megacap stocks, moved down. If yields dropped, tech rallied. That relationship has broken down. Yields have been down three
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Wednesday: KB Home – Shares of the homebuilding company slid 3% after the company reported mixed fiscal first-quarter results. KB home reported earnings
On March 24, Tesla CEO Elon Musk announced that U.S. buyers are now able to purchase Tesla vehicles with Bitcoin (BTC). Musk also tweeted that Tesla will not convert BTC payments into fiat but will add to its existing treasury of about 48,000 Bitcoin. Wedbush Securities analyst Dan Ives expects Bitcoin to account for less
These days there are real estate investors doing great work in developing communities. Real estate investors Cory Nemoto and Audrey Kikos are demonstrating the benefits real estate investors can bring to communities and individuals. Cory Nemoto, co-owner and founder of KÉCŌ Capital, a private real estate lending company based in Honolulu, Hawaii, that flips houses in
A 21,000-square-foot megahome in South Florida is the most expensive non-oceanfront home ever sold in Delray Beach, and its $19 million sale price makes it the the town’s top sale in over three years, according to the MLS. “Resort-style living is a driving force in the ultra-luxury market,” listing agent Senada Adzem tells CNBC, “People are rethinking