New York City is set to bring more than $1 billion of general obligation bonds starting Tuesday amid an influx of New York paper in the market and growing fiscal headwinds led by a wave of migrants into the city and declining commercial real estate values. The city plans to price $950 million of new-money
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Fitch Ratings’ dim view of the nation’s political and fiscal landscape dealt an ancillary blow to America’s largest public utility this week when the Tennessee Valley Authority’s nearly $20 billion of power bonds were dropped a notch by Fitch following its downgrade of the U.S. sovereign rating on Tuesday. The TVA, a corporate agency of
Nearly two years after Texas laws banning state and local contracts with companies that “boycott” the fossil fuel industry or “discriminate” against firearm businesses took effect, investment banks are still struggling with compliance concerns. Wells Fargo is the latest bank to be scrutinized under the firearm law just weeks after being selected for a state
A Russian court has jailed opposition leader Alexei Navalny for a further 19 years on charges of “extremism”. He will serve the term in a “special regime” colony for men serving life sentences and “particularly dangerous recidivists”, Moscow City Court ruled. Such detention centres have the strictest conditions in the Russian penal system and are
My ink-jet printer is sulking, because I’ve tried to sneak a cartridge from a different company into it. Since it had an internal software upgrade, it detects my attempts to use recycled cartridges, and shuts down. It’s morphed into a different product from the one I bought. Appliances used to be labour-saving devices. Now, we
In the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the recession in Germany, Europe’s largest economy. According to a recent headline in The Wall Street Journal, “Germany is dragging down Europe’s economy.“ The article explains how the country heavily depends on manufacturing, which has been hurt as foreign governments rush to protect
Successive interest rate rises by the Bank of England are starting to take effect, cooling the labour market and easing inflationary pressures, the central bank’s chief economist said on Friday. Speaking a day after the BoE raised interest rates to a fresh 15-year high of 5.25 per cent, Huw Pill said headline inflation had started
Home prices are on a tear again across much of the nation after falling for much of last year. That means giving back to homeowners the equity they lost. Home prices in June hit record highs in 60% of U.S. markets, according to a new report from Black Knight, set to be released Monday. Its
Donald Trump stepped out of his SUV on Thursday afternoon on to the tarmac of Washington’s Reagan National Airport following a short appearance in federal court. Holding a black umbrella to shield against the summer drizzle, the former president delivered a sharp jab at America’s justice system. “If you can’t beat him, you persecute him or you
The US and China are opening new lines of communication to tackle contentious issues, in one of the first signs of progress towards stabilising relations since secretary of state Antony Blinken visited Beijing in June. According to three people familiar with the situation, Washington and Beijing will create two working groups to focus on Asia-Pacific
A miner extractable value (MEV) bot that drained 6,106 Ether from the Curve Finance pETH-ETH pool has returned most of the funds to the JPEG’d deployer, which represents nearly all of the drained funds. This event occurred after the bot’s address sent a message on the Ethereum blockchain seeking to prove that their email address was associated with the
Bitcoin (BTC) inched higher at the Aug. 4 Wall Street open as mixed United States unemployment data rocked U.S. dollar strength. BTC/USD 1-hour chart. Source: TradingView U.S. unemployment gives mixed picture Data from Cointelegraph Markets Pro and TradingView followed BTC price action as BTC/USD set daily highs of $29,273. U.S. jobless figures came in below
Lea Thompson — aka Girl Gone Crypto — declares that she will not put her 225,000 Twitter followers to sleep with the same old boring “breaking” news tweets about crypto. She explains that using “breaking” to share news that everyone knows is pretty lame. “It is kind of generic. It is easy engagement, and there
“The elites are talking about the end of the world, while we are talking about the end of the month.” So lamented one gilet jaune protester in France in 2018 after President Emmanuel Macron tried to raise fuel taxes. Citizens in multiple countries are now expressing similar sentiments as governments strive to accelerate climate change
Well-off home buyers with mortgages are cutting their purchasing budgets while cash buyers are taking advantage of their financial resources to stick to their plans, according to research underlining the impact of higher rates on the UK’s prime property market. Researchers at estate agent Savills found a growing division between those buying with a mortgage
In this article OPEN TUP FTNT Follow your favorite stocksCREATE FREE ACCOUNT An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier |
The writer is senior research fellow for land warfare at the Royal United Services Institute think-tank and has worked extensively in Ukraine during Russia’s full-scale invasion For two months, Ukrainian forces have been on the offensive, trying to break through Russian defence lines to begin the liberation of the occupied territories. The fighting has been
Joyce Carol Oates is stunned to find me at the restaurant. Just minutes before, she was told that all the trains between New York and Princeton, New Jersey, had been cancelled. I found this out the hard way, and spent a woozy 90 minutes in a taxi instead. “I really didn’t think that you’d be
Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services in the United States amid the ongoing regulatory uncertainty. Soon after announcing a partial delisting of certain digital assets from its platform, Revolut took a decision to suspend all crypto services for U.S. users, the firm said in a statement to Cointelegraph on Aug. 4.
The Sultanate of Oman is inching closer to launching its own virtual asset regulations, with its financial markets regulator seeking public comments on its proposed regulatory framework governing digital assets, such as cryptocurrencies. The Capital Market Authority of Oman is currently in the process of drafting a comprehensive regime for the virtual asset sector, which
Ukraine attacked the oil export infrastructure that helps fund Moscow’s invasion for the first time on Friday, using a drone strike to damage a Russian naval vessel outside the port of Novorossiysk. Ukraine’s security services, in collaboration with the country’s navy, carried out the sea drone strikes outside the port, according to two Ukrainian sources with knowledge