FG Trade | E+ | Getty Images Even as the coronavirus continues to upend American life, most pandemic-era relief measures have dried up by now. The recent shelving of the Build Back Better Act, the massive spending bill with a number of provisions to lift up middle-class families, means the chances for new relief is
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The U.S. Department of Transportation is floating guidance for the Infrastructure Investment and Jobs Act funding that state transportation advocates warn restricts highway capacity projects and signals a new strings-attached policy for federal programs. The Dec. 16 policy memo from Federal Highway Administration Deputy Administrator Stephanie Pollack to FWHA staff outlines goals and priorities for
Airbnb CEO Brian Chesky tweeted a poll on Monday asking his roughly 400,000 followers what they wanted from the rental platform in 2022. Chesky has today revealed that the majority of respondents want to be able to pay with Bitcoin (BTC) or other popular digital currencies when renting their next house or apartment on Airbnb. Other
Selling pressure picked up and municipals showed some weakness for the first time since November on Tuesday following two days of rising U.S. Treasuries, but the asset class still outperformed that market’s double-digit moves to higher yields. Triple-A benchmark yield curves saw two to three basis point cuts, the largest one-day move in either direction
Billionaire investor Warren Buffett, chairman of Berkshire Hathaway, speaks on a mobile phone during an interview in New York, U.S., on Wednesday, June 25, 2008. Bloomberg | Getty Images Warren Buffett’s out-of-character bet on Apple may end up being one of his winningest investments, making more than $120 billion on paper as the tech giant
People walk past the New York Stock Exchange in the Manhattan borough of New York, November 10, 2020. Carlo Allegri | Reuters The bond market is signaling that interest rates are about to rise on Main Street. Treasury yields are pushing higher at the fastest new year pace in 20 years. The closely-watched benchmark 10-year
The prospects of Ren (REN) continuing its ongoing rebound to fresh highs appear slim as a classic bearish reversal pattern begins to emerge. Dubbed head and shoulders, the setup appears when the price forms three peaks, with the middle peak (called the head) longer than the other two peaks described as the left and right
As 2022 begins, the real estate market is still going strong. Many of us have moved into a new home or are planning to sell our current one. So, there isn’t a better time than now to consider what features and renovations can maximize property value both in the long and short term. I spoke
A “Sold” sign is displayed outside a home under construction at a Lennar Corp. development in Montgomery, Illinois. Daniel Acker | Bloomberg | Getty Images As the broader markets rallied to start the new year Monday, the homebuilding sector sold off. The iShares US Home Construction ETF lost 2.69% on Monday, its worst day since
Jeffrey Poley has joined Hawkins Delafield & Wood LLP as it opens an office in Raleigh, North Carolina, the firm announced on Tuesday. The new office is the firm’s first in the Southeast region. Poley’s practice is focused primarily on financings for hospitals, higher education institutions and continuing care retirement communities. “The opportunity to welcome
It is now 13 years since the genesis block of the Bitcoin (BTC) blockchain was created, which marked the beginning of the chain. To commemorate the occasion, the third-largest Bitcoin whale appears to be back after the new year holidays, and he or she has just completed the first sizable purchase of 2022. On Jan.
The U.S. Treasury market sold off in double-digits to start 2022 and equities were better on Monday while munis saw a softer tone, but most triple-A yield curves only saw a basis point cut in spots. Municipal to UST ratios fell on the moves in UST. The five-year was at 44%, 64% in 10 and
In this article AMD NCLH RCL M WFC TSLA The logo marks the showroom and service center for the US automotive and energy company Tesla in Amsterdam on October 23, 2019. John Thys | AFP | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company
The 2021 real estate market took New York by surprise. Once again, those pundits who predicted the demise of the city turned out to be wrong, as 2021 developed into one of the most robust sales and rental years within memory. Manhattan proved especially resilient in the luxury new development market, where sales topped all
In this article SIL-IN When Elon Musk unveiled the Tesla Solar Roof in 2016, it was the first that many people had heard of solar shingles. But the idea of a roofing product that can both generate energy and blend in with regular asphalt shingles has been around for decades. Companies from Dow Chemical Company
The Municipal Securities Rulemaking Board’s priorities for 2022 include responding to its recently released request for information on environmental, social and governance practices, updates to its EMMALabs system and further requests for comment and information in hopes of modernizing its rulebook. Unlike some recent years past, the MSRB doesn’t come into the new calendar year
Bitcoin (BTC) continues to languish below the psychological level at $50,000 in the first few days of the New Year, indicating a lack of aggressive buying by traders. Former BTCC CEO Bobby Lee said the exodus of the Chinese traders who had until Dec. 31 to exit Chinese exchanges may have kept prices lower into
Yosuke Matsuda, president of Square Enix, a leading game developing company, has voiced his opinion about the rise of new technologies and trends like NFTs, blockchain gaming, and the metaverse concept in the gaming space. Matsuda explains the business strategy around these, detailing how Square Enix is moving to include them in their upcoming games.
A KKR logo is displayed on the floor of the New York Stock Exchange (NYSE), August 23, 2018. Brendan McDermid | Reuters Trading stocks in the capital markets in 2021 has not been an endeavor for the faint of heart. The year could be characterized by exciting events like a powerful influx of retail
In this article CFX PTON PFE AMD XOM XLNX Check out the companies making headlines before the bell: Exxon Mobil (XOM) – The energy giant signaled that it will report a fourth consecutive quarterly profit, thanks in large part to stronger oil and gas prices. The snapshot of fourth quarter results came in an SEC
Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin’s (BTC) key benefits — internationality and censorship
From San Diego to Santa Barbara, 2021 was a record-breaking year for luxury real estate setting the stage for 2022. Sales activity reached historic levels in 2021 as did prices throughout Southern California. Here’s a look at what’s ahead in some of the hottest local luxury markets. Greater San Diego Andy Nelson, president of Willis
A person walks past a coal fired power plant in Jiayuguan, Gansu province, China, on Thursday, April 1, 2021. Qilai Shen | Bloomberg | Getty Images China’s economy appears to be bouncing from a “mini-downturn” into an upswing as the country eases policy, according to investment bank Morgan Stanley. The Asian giant had tightened its
Buffalo has spent generations trying to beat back its bad weather reputation. A hotel guidebook in the western New York city shows sailboats out on the water on a sunny day, with a headline that reads: “This is the Buffalo you don’t see on the Weather Channel.” But that is not the image people generally
A majority of municipal market participants say liquidity and equity are a top concern on a high-yield deal. Nearly 69% of respondents to a HilltopSecurities high-yield team survey ranked liquidity and equity as their first or second level of concern for 2022. “Our biggest takeaway from the survey is that there is ample appetite for
Cargo containers sit stacked on a ship on November 22, 2021 in Bayonne, New Jersey. Spencer Platt | Getty Images Morgan Stanley said most acute supply chain disruptions are already easing and will be more fully resolved within the first half of 2022. That’s the base case the investment bank laid out in a recent
In this article NCLH PFE Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters Check out the companies making headlines in midday trading. Pfizer — Shares jumped 1.9% after British regulators approved the
In a recent YouTube video, Charles Hoskinson highlighted the rapid growth of the Cardano (ADA) ecosystem while clarifying the concerns raised by other members of the crypto community over the past year. “We live in a world where arbitrary groups of people get to be fact-checkers and decide what’s legitimate,” said Hoskinson while speaking about
Depending on your vantage, 2021 was either one of the strongest or one of the most challenging housing markets in a generation. Across a range of government and private measures, house prices have posted their largest year-over-year increases, rising to record-shattering highs. In nominal terms, prices have catapulted past their 2006 peak, and are 10%
Chinese stocks currently look “very, very attractive,” but are unlikely to see a quick turnaround in the next few months, according to UBS Global Wealth Management’s Kelvin Tay. “I think China is cheap. If you look at the performance of China this year, on a relative basis, it has actually underperformed by about 40% against