Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain. At the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors’ hope for a soft landing and a possible averted recession in the
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The Chicago Civic Federation named Sarah Wetmore to serve as acting president during a search for a permanent leader for the research organization after the unexpected Feb. 4 death of Laurence Msall. Wetmore, the federation’s vice president and research director, worked closely with Msall. Wetmore will assume Msall’s former duties including serving as the spokesperson
The University of Minnesota plans to ask the state for $950 million to acquire and operate its flagship academic health care facilities now operated under an affiliation agreement with Fairview Health Services. Fairview plans to merge with South Dakota-based Sanford Health. The university, which previously said it intended to seek state help but had not
After months of secret negotiations the UK and the EU on Monday published the text of their new deal to refine post-Brexit arrangements for Northern Ireland. Totalling more than 100 pages, the deal — called the Windsor Framework — sets out ways to smooth the working of the so-called Northern Ireland Protocol, which has soured
The U.S. Department of Housing and Urban Development (HUD) today announced $5.6 billion in funding will go to 1,200 communities through more than 2,400 grants to states, urban counties, insular areas, Washington, DC; Puerto Rico and local organizations across the country. These annual formula grants provide critical funding for a wide range of activities including
It is becoming increasingly popular to have a freestanding bathtub and shower in a glass enclosed area or in just an open space. These can be apart from the sink and toilet in the bathroom in a separate enclosure or they can be freestanding with no enclosure. Bath/shower combinations have been very popular in Japan
Puerto Rico Electric Power Authority bankruptcy Judge Laura Taylor Swain will hear arguments on whether the proposed plan of adjustment is unconfirmable on unequal treatment grounds. Parties should be ready to discuss, as argued by PREPA bank trustee U.S. Bank National, whether the board’s plan is “patently unconfirmable” because the bond’s trust agreement precludes “individualized
Chicago Public Schools will tap its investment-grade dedicated capital improvement tax credit for the first time in five years in a $529 million issue pricing Tuesday. The Dedicated Capital Improvement Tax bonds, which offer several layers of protections that insulate pledged revenues from the school district’s operations, carry an A rating and stable outlook
British scientists on Monday welcomed the prospect of the UK’s long delayed re-entry into Horizon Europe, the EU’s €96bn science programme, following the deal between the two sides over post-Brexit trading rules for Northern Ireland. At a press conference setting out the “Windsor framework”, Ursula von der Leyen, European Commission president, described the accord as
Since Britain’s exit from the EU in 2020, special trading rules for Northern Ireland have been the source of rancour and division. The so-called Northern Ireland protocol was poorly negotiated, then partially disowned, then nearly overridden by the UK, threatening a trade war with the EU. Reforms to the protocol agreed by Prime Minister Rishi
Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity. Black Americans also made slight gains in homeownership rates, despite disproportionate job and income loss. The gap between the typical Black home owners’ value and the value of the
Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire crypto economy’s value. Majority of
A U.S. flag is seen in a flooded rural area after Hurricane Ian caused widespread destruction in Arcadia, Florida, October 4, 2022. Marco Bello | Reuters Hurricane winds fueled by climate change will expand further inland and put tens of millions of properties in the U.S. at risk over the next three decades, according to
Florida Gov. Ron DeSantis on Monday signed the bill to rename the Reedy Creek Improvement District that end the Walt Disney Co.’s governance of the special district. He also named a five-member state-controlled board to run the renamed Central Florida Tourism Oversight District. Municipal bondholders will be relatively unaffected by the name change and governance
The Internal Revenue Service is questioning the status of South Carolina-based Hampton County School District’s 2010 direct payment qualified school construction bonds. That’s according to the district’s recent disclosure on EMMA, which notes the district received a Proposed Adverse Determination letter on Feb.17 and will be challenging the notice. “The Consolidated School District disagrees with
Bitcoin (BTC) and the United States equities markets are trying to start the week on a positive note but some analysts are skeptical about the short-term prospects of the markets. According to Bloomberg Intelligence senior macro strategist Mike McGlone, Bitcoin will face significant resistance at $25,000. McGlone believes that it “may be a while before buy-and-hold
Blur, a NFT marketplace, has seen its trading volumes and total sell-side liquidity skyrocket since conducting an airdrop on Feb. 14, 2023. The reason for the spike could be the start of season 2 airdrops, where 10% of BLUR token’s total supply will be distributed to certain users based on their activity. The team allocated
Shiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high. Shiba Inu (SHIB) Shiba inu (SHIB) continued to move away from a recent support
A Union Pacific locomotive crosses Highway 118 in Somis, California. Stephen Osman | Los Angeles Times | Getty Images Check out the companies making headlines in midday trading. Union Pacific – Union Pacific’s stock nearly 10% after the company announced that its current CEO would step down in 2023. Bank of America upgraded the railroad
Some cryptocurrencies are inflationary because the supply of coins increases over time. Inflationary cryptocurrencies use a combination of predetermined inflation rates, supply constraints, and mechanisms for distributing tokens to maintain the supply and incentivize participation in the network. Looking at their monetary systems, cryptocurrencies have various coin-creation and supply mechanisms. Inflationary cryptocurrencies have a steadily
A decision last week by the U.S. Supreme Court not to hear a case out of Arkansas could fuel more legislative attempts to cut companies off from doing business, including municipal bond underwriting, with state and local governments if their policies are considered harmful to certain industries. The litigation challenged a 2017 Arkansas law requiring