Local officials Friday hailed the U.S. Department of Transportation’s rollout of a nearly $28 billion bridge program that highlights spending on smaller, local bridges across the country. The Infrastructure Investment and Jobs Act provides $40 billion in funding for bridges over the next five years, including $27.5 billion in the Bridge Formula Program. The program
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Binance CEO CZ is the richest crypto billionaire at $96B:
Jeffrey Smith, chief executive officer and chief investment officer at Starboard Value LP. David Paul Morris | Bloomberg | Getty Images 2021 was a busy year for activist funds, with notable investors including Starboard Value, JANA Partners and Carl Icahn pushing for meaningful change at an array of companies. In all, activist shareholders embarked on
In this article LVS C JPM DPZ SHW Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Casino stocks — Las Vegas Sands and Wynn Resorts saw their shares jump more than 11% and 7%, respectively, after the Macau government said the number of casinos allowed to operate there would
The breathtaking vineyard estate in Sutton, Quebec, where Adele’s “Easy on Me” video was filmed last year has hit the market for a whopping $4.33 million. Adele has a flair for choosing stunning backdrops for her music videos, and the one she chose for her hit song “Easy On Me” is no exception. A 90-minute drive from Montréal,
The Central St Giles building in London. DavorLovincic | iStock Unreleased | Getty Images Google has bought a colorful office space in London for $1 billion while it waits for building work on its heavily-delayed U.K. headquarters to be completed. The internet giant announced Friday that it has acquired all of the Central St. Giles
Chicago Public Schools’ $872 million of junk-rated paper met with a more fickle high-yield audience this week, underscoring the district’s vulnerability to market volatility even as it inches closer to investment grade status. At attractive spreads that offered a healthy yield kick with many maturities offering 4% coupons, the bonds were 2.2 times oversubscribed, CPS
Uruguay has reportedly installed its first Bitcoin (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations. According to Ámbito, Uruguay’s first crypto ATM was installed in the coastal city of Punta del Este,
Economists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especially in countries with widespread crypto adoption.” ‘Our Analysis Suggests Crypto Assets Are No Longer on the Fringe of the Financial System’ The International
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Municipals ended the week steady to slightly weaker in spots, even as U.S. Treasuries sold off and equities ended mixed on inflation concerns and more hawkish Fed speak. Municipal yields have risen in response to Treasuries, but were mostly unmoved by Friday’s selloff, again lagging taxable counterparts as munis are wont to do on a
In this article C JPM JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters Banks have been one of the main beneficiaries of high inflation recently because their profit margins tend to expand when higher prices force central banks
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2021. Brendan McDermid | Reuters Market focus in the coming week turns toward fourth-quarter earnings, which are expected to reveal stronger profit growth for economically sensitive stocks over tech names. The earnings period could test a
A contemporary home in Miami Beach has hit the market for $90 million. If it sells near the asking price, that would make it the most expensive home sold in Miami-Dade County, beating out the current record of $75 million. Situated on Miami Beach’s most coveted address, this sprawling Star Island estate offers history and
Aerial view of Manhattan and Hudson River in New York Karel Stipek | iStock | Getty Images Throughout most of the pandemic, New Yorkers have been shielded from eviction thanks to a statewide moratorium on the proceedings. That protection will come to an end on Saturday, and tenant advocates fear that many could be pushed
With the turn of each New Year comes a time for change and high hopes. These feelings are commonly felt as we exchange our calendars, both as an opportunity to shake off any challenges faced in the year prior, and as a chance to reflect on our goals and set new ones. For investors in
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Municipal benchmark yields were steady to firmer by a basis point 10-years and out Thursday as U.S. Treasuries were stronger and equities sold off led by tech stocks. The municipal primary dominated the day with several large deals pricing. The correction to higher yields over the past week is allowing investors to be more selective
David Abner, Gemini’s Global Head of Business Development. Source: David Abner Gemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset platform for financial advisors, CNBC has learned exclusively. The company has agreed to purchase BITRIA, a five-year-old San Francisco-based start-up whose tools help advisors manage holdings
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, January 12, 2022. Brendan McDermid | Reuters Earnings season begins with a focus on guidance. It’s a cliché, but it’s true: Investors are focused on the future, not the past. But it’s even more true for 2022 than most other
In this article DAL KBH F Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, March 29, 2021. Rebecca Cook | Reuters Check out the companies making headlines in midday trading. Ford — Shares jumped about 4% as the automaker’s market cap topped $100 billion for
Shiba Inu (SHIB) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form. The price of SHIB has been trending lower inside an area defined by two contracting trendlines while accompanying a decline in trading volume. That shows that investors have been less concerned about the downtrend. As a result,
Thinking about buying or selling a home? Before you pick a real estate agent, arm yourself with a little knowledge about what he or she should handle. Whether you find an agent online or take your sister’s coworker’s Aunt Suzy up on her offer, this article will ensure you get the most out of the
Apartment buildings on the Upper East Side neighborhood of New York. Victor J. Blue | Bloomberg | Getty Images Manhattan rents hit their highest level ever for a December as the supply of apartments plummeted and landlords started demanding double-digit increases. The average apartment rent in Manhattan hit $4,440 in December, while the more widely
Cuyahoga County hits the market Thursday with a mix of taxable and tax-exempt sales-tax-backed bonds to help finance a $435 million upgrade to the home of Major League Baseball’s Cleveland Guardians. The sale offers $123.4 million of ballpark improvement project tax-exempt paper and $67.5 million of taxables with maturities through 2037. KeyBanc Capital Markets and
Bank of America digital asset strategist Alkesh Shah has predicted that Ethereum competitor Solana could become the “Visa of the digital asset ecosystem” in a Jan 11 research note. The Solana network launched in 2020, and has since grown into the fifth largest cryptocurrency with a market capitalization of $47 billion. An order of magnitude
Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is “in.” Data from Cointelegraph Markets Pro and TradingView showed the $44,000 mark acting as local resistance Thursday, following forecasts that $46,000 could soon return. Bitcoin stayed broadly higher overnight following the previous day’s United States
Kevin Matras shows how to use the Current Ratio as a financial health barometer. Highlighted stocks include BLK, CBT, FIRE, ISRG and VRX.
Municipal bonds were largely unchanged Wednesday, the first session in a week in which benchmark yield curves were not cut, while the primary provided more guidance for a supply-starved market. U.S. Treasuries were flat 10-years and in, but softer on the long bond and equities ended in the black. Municipal to UST ratios rose slightly
In this article SPCE Virgin Galactic’s passenger rocket plane VSS Unity, carrying billionaire entrepreneur Richard Branson and his crew, lands after reaching the edge of space above Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters Shares of space tourism company Virgin Galactic fell below $11.75 in trading