Philadelphia Fed President Patrick Harker said the odds of the Federal Reserve being able to control inflation without triggering a recession are growing, but that the key interest rate must get above 5% and stay there to ensure price pressures ease. “We actually are increasing the odds — we can get a soft landing. That
Michigan is considering a large, first-time road tolling program that would establish a public tolling agency and new borrowing credit to shore up a long-struggling road funding system. The toll program, which would begin with nearly 600 of mostly interstate miles, would also be somewhat unusual in that it would build on existing roads. Most
Illinois’ consolidation of suburban and downstate police firefighter pension fund assets cleared a second legal hurdle but it could take a decision from the Illinois Supreme Court to clear the path for full participation in the plan. Kane County Circuit Court Judge Robert Villa last May upheld the law and an appellate court this week
The writer is the Freeman chair in China studies at the Center for Strategic and International Studies Close followers of the US-China relationship have become accustomed to both whiplash and cognitive dissonance. First, the whiplash. A little more than a week ago, US secretary of state Antony Blinken was set to travel to Beijing for
Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or
An aerial view from a drone shows homes in a neighborhood on January 26, 2021 in Miramar, Florida. According to two separate indices existing home prices rose to the highest level in 6 years. Joe Raedle | Getty Images The U.S. housing market cooled off pretty dramatically last year, after mortgage rates more than doubled
Volume in the Northeast fell 11.3% last year as issuers sold $102.3 billion of municipal bonds in 1,520 deals compared to $115.4 billion in 2,283 deals in 2021. The region still beat the national numbers, which saw municipal bond issuance fall 19.5% to $389.1 billion. In the Northeast in 2022, tax-exempt issuance dropped 3.4% to
In this modern era, many technological advancements have long moved past utilitarian purposes and are instead designed for convenience and comfort. But with the onset of stay-at-home orders and social distancing in the early days of the pandemic, what was merely convenient suddenly became essential and contactless technologies became commonplace. Although made necessary by the
In this article LYFT SPOT EXPE AFRM VFC YELP MSI Follow your favorite stocksCREATE FREE ACCOUNT Ramin Talaie | Corbis News | Getty Images Check out the companies making headlines in midday trading. Lyft — The ridesharing stock cratered 36% after issuing disappointing guidance for its first quarter. Lyft also got hit by a slew
On Thursday, two resale tickets to catch Beyoncé on her world tour in May at a London stadium were on sale on Ticketmaster for £586. That is a lot of money to gaze from the upper tier, even at the queen of pop herself, but at least the price was clear enough: it included the
Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today. Solana (SOL) Solana (SOL) prices plunged during today’s
In the latest episode of NFT Steez, Thomas Webb, the founder of the interoperable avatar game Worldwide Webb, discusses the integration of interoperability in Web3 and the Metaverse. By definition, interoperability is a feature of Web3 whereby a product or system can work seamlessly across platforms with other products or services. Webb defines interoperability simply
Britain’s armed forces would “last about five days” if there was a war, a senior Conservative MP has claimed, as pressure increases on the chancellor to boost defence spending in next month’s Budget. Tobias Ellwood, Tory chair of the Commons defence committee, told the Financial Times that high inflation and the cost of replacing equipment
The writer, a former FT editor, is head of industrial policy at Policy Exchange. When Harold Wilson, Labour’s newly elected prime minister, set up the ministry of technology in 1964, he was thinking along the same lines as Rishi Sunak, who this week announced the creation of a new department for science, innovation and technology.
Bitcoin (BTC) saw no relief at the Feb. 10 Wall Street open as United States equities dipped further. “All eyes” on 200-day moving averages Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it tracked sideways following a volatile 24 hours of trading. Existing market weakness was compounded by an announcement from U.S. regulators
The coinbase transaction’s value is based on factors such as each individual transaction’s value, block height, and halving. Miners can add any customizable text to the blocks they have created. The value of a coinbase transaction is determined by several factors. These include the value of every transaction validated by the block, the height of
The government and the Bank of England say a digital pound is “likely to be needed” in the future and have started work on its detailed design. Ministers and officials are worried that cash use is declining rapidly: physical money accounted for 60 per cent of transactions as recently as 2008, but now makes up
It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time
Mining is the process of extracting valuable minerals, metals and other resources from the earth. This may entail extracting minerals from underground deposits or from the earth’s surface. The minerals and resources extracted through mining are used for a wide range of purposes, including energy production, construction and manufacturing. Mining can take many forms, including
As it continues rapidly evolving, the modern American office increasingly defies easy categorization. On one hand, we hear remote work is here to stay. On the other hand comes word office occupancy continues to climb. On one side of the issue are pundits arguing remote work is essential to employees’ mental health. On the other
Just the name Wood Duck Pond conjures a storybook setting. The topography of the borough of Far Hills in north central New Jersey is gently rolling. Swaths of deciduous trees drop their leaves each year for a brilliant fall display. In the spring, their green canopy creates a deep and restful shade. Likewise, much about