The Federal Reserve said that banks reported tighter standards and continued weak demand for loans in the second quarter, extending a trend that began before recent stresses in the banking sector emerged. The proportion of U.S. banks tightening terms on commercial and industrial loans for medium and large businesses rose to 50.8%, up from 46%
In July, Bitcoin (BTC) mining stocks continued their positive run in 2023 with the top ten stocks by market cap gaining 23.10% over the month on average, with an year-to-date return of 277.34%. In comparison, BTC price has lost 3.59% in July as it failed to build support above $30,000 for the sixth week since
The Puerto Rico Oversight Board and Puerto Rico Electric Power Authority bondholders reached agreement in principle on one issue as hints emerged that parties were nearing a settlement. The board and PREPA bond parties on Friday told U.S. District Judge Laura Taylor Swain they had reached “an agreement in principle to resolve the outstanding perfection
WLD token is listed and available via various avenues allowing people to choose the option of purchasing that best suits their needs. Prices are subject to market trends. WLD is available for purchase on all major centralized exchanges (CEXs), such as Binance, KuCoin, OKX, Bybit and Huobi. CEXs, such as Binance, offer multiple purchase options
The S&P 500 Index (SPX) continued its march toward its all-time high with a 3% gain in July. Signs of receding inflationary pressures and expectations of an end to the Federal Reserve’s tightening cycle are the factors that boosted risk-on sentiment. However, this bullish mood did not benefit Bitcoin (BTC) as it largely remained range-bound
July municipal bond issuance fell 8% from 2022 as issuers dealt with another month of mixed macroeconomic concerns and rising interest rates, but the month saw the smallest drop in issuance year-over-year in 2023. July’s total volume was $25.939 billion in 542 issues, down from $28.258 billion in 619 issues a year earlier, and lower
Rishi Sunak arrived in Aberdeenshire on Monday on a private jet, flying into exactly the kind of row he has been stoking since green issues handed his Conservatives a surprise by-election win less than a fortnight ago. Trailing Labour by about 20 points in national polls, the Tory triumph in Boris Johnson’s old Uxbridge and
A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled liquidity of 1,034 Ether (ETH), worth approximately $1.9 million, from the market, according to social media reports and blockchain data. The developer for BALD denied making any market sales of the coin, stating that they “only added/removed 2 sided liquidity and
Open houses play a crucial role in the real estate market, allowing potential buyers to experience a property firsthand. While online pictures can provide valuable information, certain aspects like the atmosphere, layout, and size are best assessed in person. As the number of buyers dwindles, sellers often rely on more open houses to secure a
In recent years, Texas has witnessed thousands of Americans flocking there from various states, with California being the leading one. The Lone Star State certainly has some appeal, especially the fact that there’s no income tax. It’s also “business friendly”, ranking No. 13 out of 50 for its business tax climate, according to Tax Foundation.
The head of the San Diego Association of Governments, the metropolitan planning organization for the county, notified the organization’s board late Friday that he would be stepping down in December. SANDAG Chief Executive Officer Hasan Ikhrata’s last day with the agency will be December 29. “This news is a bittersweet moment for our region,” said
In this article ON SOFI NYCB HAS XPEV DIS Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk by the SoFi Technologies headquarters on February 22, 2022 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. SoFi Technologies – Shares of the fintech company popped more than
Federal Reserve Bank of Chicago President Austan Goolsbee said data showing slower U.S. inflation is “fabulous news” but he hasn’t yet decided on whether to support pausing interest-rate increases at the next policy meeting. “I haven’t made up my mind for what should happen in September,” Goolsbee said Monday in an interview on Yahoo! Finance.
China’s leader Xi Jinping has replaced the two missing generals who had been commanding the country’s missile forces, in effect confirming the largest purge at the top levels of the country’s military in a decade. General Li Yuchao, commander of the People’s Liberation Army Rocket Force, and his deputy General Liu Guangbin disappeared from public
Known for its cool yet laid-back vibes, the Surf Lodge Hotel and Restaurant in Montauk is one of the hottest spots in the Hamptons. One of the reasons for this, according to Jayma Cardoso, cofounder, and creative director, is that the space is changed up every single year “No two summers are ever the same;
The bond-issuing Utah Inland Port Authority, which has been the target of two state audit reviews, a lawsuit brought by Salt Lake City, and opposition from environmentalists, is retooling its image and approach to economic development. With a strategic business plan covering 2023 to 2027 and a new executive director who took over in September,
Bitcoin (BTC) stayed static at the July 31 Wall Street open as analysis warned that the net was closing in for bulls. BTC/USD 1-hour chart. Source: TradingView $28,300 “last line of defence” for BTC price Data from Cointelegraph Markets Pro and TradingView followed the BTC price as it greeted the last trading day of July
China has slapped export controls on a wide range of drones and drone components, a move with potential impact on the Ukraine war and on public security applications in many western countries. “The risk of some high-specification and high-performance commercial-use drones being converted to military use continues to rise,” the Chinese commerce ministry said on
The writer, an FT contributing editor, is chief executive of the Royal Society of Arts Driving down the M1 motorway in England recently, I was struck by a spray-painted message across a flyover: “Stop CBDC”. It was the same message I’d seen earlier that week on a placard opposite Downing Street. These are not isolated views.
Tether continues to increase its treasury reserve holdings backing circulating USDT (USDT) tokens, according to its latest financial attestation for the second quarter of 2023. Tether Holdings published its Q2 attestation from accounting firm BDO, highlighting an $850 million increase in its excess reserves, which takes its total to $3.3 billion. Tether Excess Reserves increase by 850M
Greg Oakford, co-founder of NFT Fest Australia, is your guide to the world of NFTs from a collector’s and fan’s perspective. With Sound’s recent $20 million raise, music collectibles have reignited a spark in my mind. While music really hasn’t had its moment in the sun, as has the art market and the PFP mania