In this article LDI MDB UBER FOSL SIVB Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Check out the companies making headlines after the bell. Uber — The ride-sharing platform’s shares gained 2.5% after Bloomberg reported that the company is weighing a potential spinoff of its freight logistics unit. related
Britain is planning to tackle chronic shortages in the labour market by opening its doors to more foreign workers, starting with looser rules for the construction sector. While the priority for ministers is to tackle inactivity among the UK workforce, government officials acknowledge that will not be enough to fill the 1.2mn job vacancies and
Women have been part of the crypto space since its genesis, developing projects, communities and brands, as well as tackling many trenches that this emerging industry demands. Yet, they have been less involved in starting Web3 businesses. According to the Web3 Career Market report by crypto exchange KuCoin, 27% of female professionals in the field
Illinois expects another $575 million of general fund revenues in the current fiscal year as steady income and sales tax collections through February pushed worries over an economic slowdown and the impact of a potential recession further out on the horizon. The legislature’s non-partisan Commission on Forecasting and Accountability raised its estimate for revenues
Municipals were little changed in secondary trading Wednesday amid an active primary market with two billion-dollar deals priced, although details on one were not immediately available. U.S. Treasury yields were weaker in spots and equities ended mixed. The three-year muni-UST ratio was at 59%, the five-year at 61%, the 10-year at 66% and the 30-year
On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value after Buterin reportedly sold
EY has “paused” its plan to split in two amid a fierce dispute over how much of its tax business should stay with the audit side of the firm. Julie Boland, the head of EY’s US business, who has been picked to run EY after it spins off its consulting arm, told partners on a
In this week’s newsletter, read about how Yuga Labs’ first Bitcoin-based nonfungible tokens (NFTs) earned $16.5 million in 24 hours, and how the Bitcoin NFT market can reach $4.5 billion by 2025. Check out how Binance’s artificial intelligence NFT generator got 10,000 mints 2.5 hours after its launch, and find out how the Flare blockchain
Voters in South Burlington, Vermont, approved a $34 million wastewater bond proposal on Tuesday, the largest of several similar local referendums approved statewide. The South Burlington wastewater bonds will fund overhauling and replacing pumps that serve the Bartlett Bay Wastewater Treatment Facility, which provides service to nearly all of South Burlington’s 20,282 residents. The facility,
On March 7, United States Federal Reserve Chairman Jerome Powell warned that interest rates may remain higher for longer than previously anticipated. This boosted expectations of a 50 basis points rate hike in the Fed’s March meeting to about 70% from 30% a week earlier, FedWatch Tool data suggests. The U.S. dollar shot up and
States with general funds and reserves that are currently flush should take heed of what a natural disaster can do to municipal finances, as Washington, New Mexico, and California are all trying to keep their budgets intact after suffering from wildfires that have become more frequent and devasting. On Wednesday, the U.S. Senate Budget Committee
After a lackluster 2022, the pipeline for public-private partnership deals may fatten this year as federal infrastructure funds flow and the industry develops novel structures to manage risks from inflation and rising interest rates. That’s the top-line view from law firm Husch Blackwell, which Tuesday released its 2023 P3 trends report. Sectors poised for action
Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fed “would be prepared to increase the pace of rate hikes,” Powell said. The Fed Anticipates Higher Rates, Faster Hikes Federal Reserve Chairman Jerome Powell
State government finances will likely remain in decent shape this year despite signs revenues are weakening, according to rating agencies. Total state tax revenues declined 8% in nominal terms in December and 13.5% when -adjusted for inflation from a year earlier, the Urban Institute reported. In the July to December period, total state tax revenues
Cointelegraph goes to Senegal, West Africa. The medium-sized African nation recently hosted a Bitcoin conference (BTC) and more and more merchants and customers are joining the Lightning Network. Armed with a camera, a lightning wallet and a microphone, Reporter Joe Hall took to the streets of Senegal to peer under the surface of Bitcoin adoption
Bitcoin’s price (BTC) fell below a four-day narrow trading range near $22,400 on March 7 following comments by U.S. Federal Reserve Chair Jerome Powell as he sat before a Senate banking committee. During the congressional appearance, the Fed chairman warned that the bank is prepared to tame inflation by pushing for more significant interest rate
The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard/ | Bloomberg | Getty Images Check out the companies making headlines in midday trading. United Natural Foods — The organic food company tumbled 27%
Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing the cost of capital, the Fed boosts the profitability of fixed-income instruments, but this is detrimental to the stock market, real estate,
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 3, 2023. Brendan Mcdermid | Reuters The latest spike in bond yields was enough to spook the stock market into a selloff Tuesday, but there’s a silver lining for fixed-income investors: Short-term Treasurys are now touting a
Keybanc Capital Markets has been added to the growing list of underwriters, which so far has included BNY Mellon, Jefferies, Oppenheimer and TD Securities, among others, charged by the Securities and Exchange Commission for violating its limited offering exemption. The Commission just began enforcing the failure of firms to acquire adequate disclosures from those purchasing
The U.S. has until mid-August before it runs out of cash, Moody’s Analytics chief economist Mark Zandi told a Senate panel Tuesday, and the longer the debate over the debt ceiling persists, the more damage it will do to the economy and the financial markets. “That gives you about six months” to take action on