A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior
Fund managers have cut their allocations to commercial real estate to their lowest level since the 2008 global financial crisis, in the latest sign that investors are becoming concerned about the impact of rising interest rates and falling demand on the sector. Bank of America’s monthly fund manager survey showed that a net 19 per
The Puerto Rico Oversight Board approved an amended general fund budget for the current 2023 fiscal year that is 12% larger than the budget approved in June and contains funds for the Puerto Rico Electric Power Authority. The $13.9 billion budget “reflects updated revenue and expense projections,” the board said when it announced the revised
A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior
Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
Continuing with the theme of trading patterns David explains one of the most popular setups in the trading world – the “Head and Shoulders” formation. Using real examples he shows us how to interpret it when it happens, as well as the potential pitfalls of relying too much on similar formations that are not confirmed
Grammy award-winning musician Billy Joel has called Oyster Bay, a hamlet on Long Island in New York, home since 2002. Now, the “Movin’ Out” crooner is saying goodbye to the property. The “Piano Man” singer recently listed the 26-acre property, known as Middlesea, for $49 million. First built in 1994, the property sits on 2,000
BlackRock will require employees to go to the office for at least four days a week, the latest company to curtail liberal work-from-home policies enacted in the Covid-19 pandemic. The New York-based asset manager with about 20,000 employees in more than 30 countries said that from September 11, staff would be able to work from
Vodafone’s new boss has announced the biggest set of job cuts in the telecom group’s history, pledging to draw a bold line under its past and to simplify a business that has come under criticism for its centralised decision-making and byzantine structure. “Make no mistake, you will see the numbers turning from here,” Margherita Della
press release PRESS RELEASE. SDM Financial is thrilled to announce an upcoming webinar focused on digital asset derivatives, taking place on Tuesday, May 23, 2023, at 10:30AM EDT. The webinar is tailored to provide digital asset mining firms, crypto-focused funds, and digital asset investors with valuable insights into the benefits of digital asset derivatives in
On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in fees by confirming inscription transactions which equate to roughly $35.86 million in added onchain fees.
In this article HZNP RH HD COF GEHC Follow your favorite stocksCREATE FREE ACCOUNT Horizon Therapeutics global headquarters in Dublin, Ireland. Nurphoto | Nurphoto | Getty Images Check out the companies making the biggest moves midday: Horizon Therapeutics — Shares of the biotech firm fell more than 15% after the Federal Trade Commission sued to
Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the importance of using authentic crypto devices. Kaspersky’s cyber incident expert Stanislav Golovanov on May 10 reported on an issue with fake hardware wallets impersonating major wallet firm Trezor. According to the blog post, the fake wallet allowed
Litecoin rose for a third consecutive session on Tuesday, despite cryptocurrency markets mostly falling lower. The global market cap is currently down by 1.28%, as overall market uncertainty remains high. Apecoin also rallied, extending recent gains. Litecoin (LTC) Litecoin (LTC) was once again in the green, as the token rose for a third consecutive session.
The price of Lido DAO (LDO) has rebounded to its three-week high of $2.21 as of May 16, up 40% when measured from its local low of $1.57, established four days ago. This impressive double-digit recovery appeared in tandem with other top-ranking crypto assets, including Bitcoin (BTC) and Ether (ETH). However, LDO has greatly outperformed
If a gated community with a guarded entry seems like a modern-day security measure, think again. Homes in a neighborhood in Alanya, a city in the Turkey province of Antalya, are surrounded by miles of medieval castle walls complete with watchtowers. Alanya Kale was built as a fortress on a rocky peninsula surrounded on three
Alabama’s Senate is considering a new bill to boycott companies employing environmental, social, and governance rating criteria in their investment decisions. The Alabama Senate Committee on Fiscal Responsibility and Economic Development approved Senate Bill 261 10-3 late last week, sending to the floor for general debate legislation aimed at curbing the use of ESG decisions
On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and
The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board’s proposed amendments to Rule G-40 on advertising by municipal advisors and Rule G-8 on books and records of municipal advisors. The amendments to Rule G-40 allow municipal advisors to use testimonials in advertisements beginning July 3 and are being welcomed by MA representatives.
Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023. Mike Blake | Reuters Homebuilders are getting a big boost from the lack of existing homes for sale, and that appears to be outweighing some of the challenges they’re facing from financial markets. Builder confidence
The tide might have gone out on Bitcoin Ordinals, but there’s a strong undercurrent of investments in Bitcoin-only companies. River, a U.S.-based Bitcoin (BTC) technology and financial services company is the latest to make a splash. River announced a $35 million Series B equity funding round despite the bear market. Kingsway Capital led the round, with notable