The month of February was filled with investors’ hope that an earlier-than-expected Federal Reserve policy pivot would occur, but this sentiment faded as the inflation and employment data came in hotter than expected. While the start of the month was bullish for the crypto market, Bitcoin (BTC) retraced 60% of the move from February’s low
Citing Kansas’ “very strong” combined general fund and budget stabilization fund balance, S&P Global Ratings on Tuesday revised the outlook on the state’s ratings to positive from stable. The outlook change covers the state’s AA-minus issuer rating, A-plus appropriation-backed debt rating, and AA Kansas Department of Transportation highway revenue bond rating. “The positive outlook reflects
Central bankers must augment what they learn from incoming data with clues gleaned from the real economy and avoid putting too much weight on financial markets, said Federal Reserve Bank of Chicago President Austan Goolsbee. In his first public speech since taking office last month, Goolsbee acknowledged it was tempting to lean on the instant
Roughly 11 days ago, it was reported that Nishad Singh, the former director of engineering at FTX, was working with federal prosecutors to arrange a plea deal. On Tuesday, Singh pleaded guilty to criminal charges and stated, “I am unbelievably sorry for my role in all of this.” Singh Cooperating With Authorities in FTX Investigation;
A new Bankrate ranking found the Austin, Texas, metro area is the best for first-time home purchasers. Roschetzkyistockphoto | Istock | Getty Images Prospective buyers looking to secure the purchase of their first home this spring will still face a difficult market. Yet there are signs some areas of the country may provide more opportunity
The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel’s upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more importantly, cautiously optimistic after a new round of negative remarks from regulators. As displayed
In a new blog post published on Feb. 28, Ethereum (ETH) co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In one instance, Buterin shared how he tried to pay for tea for himself and friends at a coffee shop in Argentina in
February municipal bond issuance dropped 42% year-over-year, led by a steep decline in taxables and refundings, as issuers dealt with continued market uncertainty, still too-high inflation and states and local governments’ ability to wait due to flush coffers. Total volume for the month was $18.303 billion in 391 issues versus $31.602 billion in 877 issues
According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several cryptocurrency ventures that offered crypto debit cards and failed due to financial difficulties last year. After the report published,
Germany’s transport minister has threatened to block a core part of the EU’s green agenda, saying Berlin would not support plans to effectively ban new cars with internal combustion engines from 2035 unless Brussels exempts vehicles running on synthetic fuels. Volker Wissing said the production of engines that use “climate-friendly” e-fuels, such as e-methane and
While the toxic East Palestine, Ohio, train derailment doesn’t threaten bondholders, the wreck raises the specter of so-called “black swan” events and has the potential to influence credit analysis, ESG analysis and investing, risk disclosure, and how federal infrastructure funds are spent. Local, state and federal authorities remain on the scene overseeing frequent water and
The Biden administration this week released revamped guidance on how state departments of transportation spend federal transportation infrastructure funds in the wake of a controversial memo that opponents said tried to limit state flexibility. The revised document from new Federal Highway Administration chief Shailen Bhatt, released Friday, emphasizes the authority that state departments of transportation
A Regent’s Park mansion is on the market after a massive loan secured by its Saudi owners expired, putting the home in the hands of receivers and triggering what is likely to be London’s most expensive ever house sale. The Holme, set in four acres of Regent’s Park in central London, has already attracted interest
The first anniversary of Russia’s assault on Ukraine has been greeted with soaring rhetoric. Notably, US president Joe Biden stated in Warsaw that “Our support for Ukraine will not waver, Nato will not be divided, and we will not tire. President Putin’s craven lust for land and power will fail. And the Ukrainian people’s love
When Rishi Sunak and Ursula von der Leyen unveiled the Brexit deal that reset Britain’s broken relationship with the EU on Monday, it was the culmination of almost four months of diplomacy that began on the shores of the Red Sea and ended in the shadow of Windsor Castle. Von der Leyen, European Commission president,
Electric-car maker Tesla will build a factory in the northern Mexican city of Monterrey, ending doubts over whether the investment could be cancelled over conditions imposed by the government. Mexico’s president Andrés Manuel López Obrador announced the new plant on Tuesday after conversations with Tesla chief executive Elon Musk, suggesting he had dropped earlier calls
Cointelegraph’s Crypto Trading Secrets podcast has published Episode 6, covering an array of content that should pique the interest of cryptocurrency traders. This episode’s guest is Brian Krogsgard, also known as Ledgerstatus on Twitter. Krogsgard is a trader and one of the co-founders of Flip.xyz, a nonfungible token (NFT) platform. He is also a podcaster
This week on The Market Report, the resident experts at Cointelegraph discuss the recent fear, uncertainty and doubt (FUD) around the popular cryptocurrency exchange Binance and what the CEO of Solana had to say about recent outages. We kick things off with this week’s top stories Binance CEO responds to Forbes claims: ‘They don’t know
In this article HIMS AAP DISH TGT UHS META WDAY CELH NCLH ZM Follow your favorite stocksCREATE FREE ACCOUNT The Norwegian Dawn cruise ship arriving in the French Mediterranean port of Marseille, July 27, 2021. Gerard Bottino | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Tuesday.
Black Americans represent less than 5% of residential real estate developers, largely because they can’t get equal access to capital, according to a recent report by the Urban Land Institute. Institutional capital – real estate investment trusts and private equity in particular – are the dominant players. Black developers often don’t have exposure to those
Fritz Stradling, who co-founded Stradling Yocca Carlson & Rauth’s public finance practice, died peacefully in his sleep on Feb. 17. He was 96. He and his fellow co-founders of Stradling’s public finance practice, John Murphy and Tom Clark, are credited with helping to give California bond law firms stature in the public finance world. “Before