On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million exiting the market. This brings “the total outflow to US$200m, representing 0.6% of total assets under management (AuM),” CoinShares reported.
Municipals were steady to weaker in spots to start the week, while U.S. Treasury yields rose and equities ended up. The two-year muni-Treasury ratio Monday was at 68%, the three-year at 69%, the five-year at 67%, the 10-year at 66% and the 30-year at 87%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data
Jackson County, Missouri, hits the market with a $260 million special obligation issue that will wrap up financing for a new jail complex long in the works that was chosen as the best option to deal with overcrowding and other public safety and mental health treatment goals. The bonds are expected to price as soon
People queuing outside Shake Shack in London. Latest Covid-19 lockdown slams UK business owners. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Shake Shack — The fast food chain’s stock jumped more than 6% after the Wall Street Journal reported that activist investor Engaged Capital is planning
Bitcoin saw five-day highs on May 15 as a rebound continued after the Wall Street open. $40,000 “still a magnet” for BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $27,666 on Bitstamp. Bitcoin (BTC) on Bitstamp held strength on hourly timeframes after a weekly close just below the $27,000 mark. With
Bitcoin’s price declined for eight consecutive days through May 13, totaling a 9.4% correction. The last time such a losing streak happened was on June 14, 2022, after the Celsius lending platform halted withdrawals and FUD — fear, uncertainty and doubt — emerged from United States software firm MicroStrategy’s loan being liquidated at $21,000. Nothing remotely
Ohio-based ProMedica Health System slid deeper into speculative grade territory amid bruising balance sheet losses tied mostly to its senior care business. Fitch Ratings cut the system’s rating two notches to BB-minus from BB-plus on $1.8 billion of outstanding bonds sold in 2015 and 2018 and warned of the potential for a further hit by
Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders of Lebanon’s central bank face grave allegations of fraud, embezzlement, and political corruption. Lebanese Citizens Left Penniless as Financial Institutions Crumble
California Attorney General Rob Bonta, and 15 other attorneys general, filed an amicus brief in federal appeals court supporting Oakland and San Francisco’s climate change lawsuit against five fossil fuel companies. In their consolidated case, city of Oakland v. BP et al, the California cities claim the fossil fuel companies mislead the public about the
The debt ceiling negotiations in the United States are keeping traders on the edge. JPMorgan Chase CEO Jamie Dimon recently told Bloomberg on May 11 that a possible sovereign default by the U.S. government could create panic in the stock markets, resulting in heightened volatility. The next big question troubling crypto investors is how will
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It is all reminiscent of Brexit wranglings of the past. But this time it concerns an industry of the future. Batteries for electric vehicles must, under the Brexit agreement, source 60 per cent of their value from within the UK or Europe to qualify for tariff-free trade from 2024, a threshold that jumps again in
press release PRESS RELEASE. Parex has successfully developed a community-driven DAO ecosystem through its ParexChain, Parex Wallet, RaccoonSwap, Exchange, and other decentralized applications. The company has secured US$ 6.5 million in a new investment round. The funding was provided by DWF Labs that invested US$ 3 million, and Bitgert Ventures, the investment arm of the
Texas school districts, flush with new bond authorizations over the last year, are breathing a sigh of relief now that a cost-saving state guarantee program for their debt is fully back in business after the Internal Revenue Service increased its capacity for the first time since 2009. In a notice of intent last week, the
The Oakland Athletics agreed to locate their new baseball stadium on land just behind the Tropicana resort on the Las Vegas Strip, according to a statement Monday from Bally’s Corp., which controls the property. The agreement “is subject to the passing of legislation for public financing and related agreements,” the company said. It is also
The writer is author of ‘Turkey Under Erdoğan’ There is one question on many people’s minds in Turkey today: how did pollsters get it wrong? Recep Tayyip Erdoğan was trailing in most surveys ahead of Sunday’s presidential elections. Analysts expected the tanking economy, along with the state’s lacklustre response to the deadly earthquakes in February,
The G7 committee recently met in Niigata, Japan, to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs) and the laws governing the transfer of cryptocurrency assets. In a communique summarizing the discussions, the committee reiterated its support for developing CBDCs with the caveat that further investigation was needed to
The Municipal Securities Rulemaking Board is seeking a municipal advisor representative on its board of directors to fill the seat left by Jill Jaworski, who is leaving the board to become the chief financial officer for the City of Chicago. Applications will be open through the Board of Directors Application Portal on the MSRB.org site
Two Federal Reserve officials signaled they favored pausing interest rate increases, while a third policymaker said the central bank’s task in subduing inflation was not complete. “We at the Federal Reserve probably have more work to do on our end to try to bring inflation back down,” Minneapolis Fed President Neel Kashkari said Monday during
EU regulators have cleared Microsoft’s $75bn acquisition of Activision Blizzard, breaking from the UK and US which are holding up the gaming industry’s biggest deal. Margrethe Vestager, the EU’s competition chief, on Monday said Microsoft had made concessions to alleviate its concerns, including allowing all European consumers who purchase an existing or future Activision game
Solana extended recent gains on Monday, as the token rose to a one-week high, following recent declines. The token dropped below the $20.00 level last week, as a red wave hit cryptocurrency markets. Litecoin was also higher today, climbing by nearly 7%. Solana (SOL) Solana (SOL) rose to a one-week high on Monday, as momentum