Puerto Rico’s preliminary economic activity index in February was down 0.2% from a year earlier but most other economic statistics were positive. According to the Puerto Rico Economic Development Bank’ preliminary estimate, the index value was down 0.6% in January from a year earlier. However, on a month-to-month basis, January’s index was up 0.5% from
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A new report by data analytics provider CoreLogic reveals in many ways a tale of two very different housing markets. At one extreme, the West is slowing, and at the other extreme, the East is rising. Even as home prices grew for the 133rd straight month in February, the 4.4% increase still was nothing to
After the Twitter logo was changed from the original blue bird to a cartoon image of the famous Shiba Inu Doge, the cryptocurrency dogecoin rose significantly in value and is now up 27% more than 12 hours later. However, a number of bitcoin proponents expressed distaste for the logo change, and a few insisted that
In this article CAT K-CA NEM ETSY AMC VORB NOW Follow your favorite stocksCREATE FREE ACCOUNT Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake |
The Bank of England’s chief economist hinted at a further interest rate rise in May when he said the central bank needed to “see the job through” in its battle to eradicate high inflation. Huw Pill, however, stressed that the Monetary Policy Committee faced a tight decision on whether to raise interest rates again from
We are living in a dividing world. These divisions have many ramifications. But not the least important of these are for global commerce. The slowdown in world trade, the shift towards economic nationalism and the growing demands in the west, and especially in the US, for decoupling from China are reshaping the global economy. It
Arbitrum suffered a big blow during the April 1 to April 2 weekend due to a conflict between the ARB token holders and the Arbitrum Foundation on the allocation of $750 million ARB tokens worth around $900 million. Data from on-chain analysis firm Arkham Intelligence shows that the transfer of $50.5 million out of the
Cross-chain messaging protocol developer LayerZero Labs has raised another $120 million, according to an Apr. 4 announcement. The company plans to use the capital to increase its headcount and expand its reach into the Asia-Pacific region. The company had previously raised $135 million in March 2022. pic.twitter.com/mhJgoovYis — LayerZero Labs (@LayerZero_Labs) April 4, 2023 LayerZero
Some capacity was restored to a nearly depleted Texas school bond guarantee program last month after state officials took action, but even more demand for the cost-saving enhancement is expected in the wake of upcoming bond elections. The latest data for the Permanent School Fund (PSF) program showed projected available capacity of $5.4 billion on
Continuing its expansion into the municipal space, Siebert Williams Shank & Co. has hired Edward Tishelman as senior managing director and head of muni sales and trading. Tishelman is a 40-year veteran of the municipal finance industry and comes to Siebert from UBS Financial Services, where he was managing director and head of issuance strategies
Harvey, Illinois’ long-planned exchange offer for its defaulted general obligation bonds could get underway later this month with receipt of an overdue audit the last hurdle to overcome, city officials told a Cook County judge. The Chicago suburb’s city council has cleared the path for the exchange offer to proceed and is expected to approve
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The price of Shiba Inu (SHIB) increased over 10% in a day amid broader upside moves across meme cryptocurrencies in the past 24 hours. But will SHIB price rally further SHIB price tails Dogecoin’s gains On April 4, SHIB’s price reached $0.00001159 a day after rebounding from its local low of $0.00001049 — a 10.5%
The latest banking crisis could lead to “the first-ever extended duration bull market” for Bitcoin (BTC), according to Swan Bitcoin CEO Cory Klippsten. In an interview with Cointelegraph, Klippsten pointed out that far more people today know about Bitcoin as a tool to opt out of the traditional financial system than during the previous banking
US Treasuries rallied and the dollar weakened on Tuesday after demand for workers in the world’s biggest economy fell more than expected. The yield on two-year US Treasuries dipped 0.12 percentage points to 3.85 per cent as prices rose, while the yield on benchmark 10-year Treasuries fell 0.07 percentage points to 3.36 per cent. The
Dogecoin continued to trade close to a four-month high on Tuesday, following a 30% price surge to start the week. The rally came after Twitter changed its logo from the traditional blue bird, to a cartoon picture of Doge. Shiba inu was also higher, as it moved to a multi-week high. Dogecoin (DOGE) Dogecoin (DOGE)
S&P Global Ratings revised the outlook on Louisiana’s general obligation bonds to positive from stable and affirmed the state’s rating at AA-minus. The rating action comes in connection with Louisiana’s next planned GO sale, the $251.1 million Series 2023-A competitive deal slated for April 13, according to Refinitiv.. “The outlook revision reflects our view of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. After a long period of relatively small deals, mining M&A is back. Glencore’s unsolicited offer for Teck Resources, announced on Monday, has revived the animal spirits of the resources sector. The burst of activity goes
On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind
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In this video we go over the basics of the currency market – the largest market in the world which trades over $200 billion every hour globally. From the building blocks of what currency pairs are and how they trade together to what buying and selling a pair actually means we cover the things underpinning