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Moody’s Investors Service revised the outlook for Phoenix’s Aa1 general obligation rating on Tuesday to stable from negative, citing “the city’s meaningful increases in pension contributions that will likely decrease liabilities over the long-term.” The rating agency also affirmed its Aa2 rating and stable outlook on the city’s senior and subordinate lien excise tax bonds.
US stock futures dropped and Treasuries extended their losses, following disappointing earnings from Netflix and further signs that the Federal Reserve will raise interest rates aggressively to curb inflation. Contracts tracking Wall Street’s technology-heavy Nasdaq 100 index were down 1 per cent during the early European morning after Netflix said its decade-long run of subscriber
STEPN (GMT), a so-called “move-to-earn” token using the Solana (SOL) blockchain, has soared incredibly since its market debut in March. GMT’s price jumped from $0.01 on March 9 to a record high of $3.45 on April 19 — a 34,000% upside move in just 41 days (data from Binance). Its massive uptrend appeared primarily due
Municipals sold off Tuesday, with triple-A benchmarks seeing cuts up to 11 basis points and the 30-year topping 3% on some scales. U.S. Treasuries were weaker, experiencing double-digit cuts on the short end, and equities rallied. Triple-A muni yields rose nine to 11 basis points, depending on the scale, while UST yields rose 10 to
Gold House Gold House Megan Ruan knows firsthand how representation can impact funding for entrepreneurs. She recalled being the only woman of color working at a family office earlier in her career and running a portfolio of venture investments. “I saw the decisionmaking and how it differed between the people that were check-writers at these
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Netflix — Shares of the streaming giant plummeted 25% after reporting a loss of 200,000 subscribers in the first quarter. It marked the first time Netflix reported a loss in subscribers in
Robinhood, a major cryptocurrency-friendly stock trading app, is pushing global expansion by acquiring the United Kingdom-based crypto asset firm Ziglu. Robinhood officially announced Tuesday that it had signed a deal to acquire Ziglu, subject to regulatory approvals and other closing conditions. The firm declined to disclose the size of the deal to Cointelegraph. “Subject to
On this week’s show, Cointelegraph’s resident experts reveal exactly what percentages of their portfolios are allocated to what coins and why. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is
With the white-hot real estate market and so many people moving from place to place, making a house feel like a home can be challenging. Previous owners may leave but pieces of them remain from their overall sense of style, to their paint color preferences and sometimes even furniture. While renovating changes those things, cleansing
An aerial view of the grounds of Villa Firenze in Beverly Hills, California. Concierge Auctions When high-priced mega mansions for sale languish on the market — sprawling, flashy and unable to attract a buyer — some owners turn to a double-edged option: a real estate auction. The auction block can move trophy properties with nosebleed-worthy
Los Angeles Mayor Eric Garcetti emphasized climate change, infrastructure and the homelessness crisis in his final State of the City speech as he foreshadowed the 2022-23 budget he releases this week. His choice of venue for his speech Thursday, the nearly complete Sixth Street Viaduct replacement project, underscored the infrastructure theme. Garcetti said he plans
Ukrainian president Volodymyr Zelensky said Russia had begun a long-awaited major new offensive in the country’s eastern Donbas border region after its forces intensified attacks along the frontline. Zelensky said in a late-night TV address on Monday that Russia had concentrated a “significant part” of its forces in the region and vowed that Ukraine would
Jerome Powell wants to put the Federal Reserve at “the forefront of technological changes” in the financial sector. The central bank is beefing up its tech acumen to get there. Calling it imperative to “evolve with the rest of the financial system,” the Fed chair said during an event hosted by the Bank for International
In this article MS In this photo illustration, the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying Twitter logos. Chesnot | Getty Images Check out the companies making headlines in midday trading. Twitter — Shares rose 3.4% after Twitter announced Friday that the board adopted a
Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of up to 126 terahash per
Andre Cronje, former Fantom Foundation technical adviser and Yearn.finance founder, resurfaced on Monday via Medium after announcing his departure from the DeFi and crypto space last month. In a post titled “The rise and fall of crypto culture,” Cronje expressed his lamentations of crypto culture as he called for increased regulation and legislation in the
Box Hill is a jewel among the finest homes to be found in Wellington, New Zealand. Set in Khandallah, an affluent suburb of the capital city, the 1929 house is a showcase of opulence and luxury. Designed by the architectural firm of J.M. Dawson & King, the home became the heart of the Wellington society
A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California. David Paul Morris | Bloomberg | Getty Images Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable. Builder confidence in the market for
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Merger and acquisition activity among not-for-profit and for-profit hospitals dropped off in the first quarter compared to the same period last year, according to Kaufman Hall. The 12 announced transactions in the first quarter marked the lowest since 2016 when Kaufman Hall began tracking the activity, according to the Quarterly Mergers and Acquisitions Report the
China’s economy grew faster than expected in the first quarter but official data revealed a recent contraction in consumer activity as lockdown measures to counter the spread of Covid-19 weighed on the country’s outlook. China’s gross domestic product rose 4.8 per cent compared with the same period a year earlier, after expanding by 4 per
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Lynn Liss, the chief operating officer and co-founder of Akoin, a cryptocurrency and blockchain ecosystem designed to empower entrepreneurship
While lawmakers in California and other states are still debating the merits of cutting gas taxes amid soaring prices spurred by Russia’s war on Ukraine several East Coast states have already implemented gas tax holidays prompting ratings analysts to weigh in. Moody’s Investors Service analysts said in a report Wednesday that the tax “holidays” are
In this article PLTR MCD TSLA CRWD CHWY The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters It seems inflation, the spike in oil prices and other commodities and geopolitical unrest are affecting just about every industry. Now, the arrival of earnings season brings another
In this article ATRS BLK BBBY JPM DAL PYPL Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta rallied 6.6% in the premarket after reporting a smaller-than-expected quarterly loss and predicting a current-quarter profit. The airline also said monthly revenue exceeded pre-pandemic levels for the first time in March.
On Easter Sunday, the majority of cryptocurrencies traded downward. Bitcoin, which leads the pack, couldn’t shake off the retreat. The total market capitalization of all cryptocurrencies as of Sunday was $1.87 trillion, down 0.69 percent from the previous day. Expectations remain that Bitcoin (BTC) will continue to decline in the short term, as price compression
From Nassau to Abaco Island, The Bahamas has various options for resort-style living, making it a popular choice for real estate investors and those seeking second-home ownership. Buyers from the United States are particularly appreciative of the country’s stable economy and its attractive tax advantages. Getting to Nassau, the capital of The Bahamas, is convenient
In this article ABNB Police said a large party was being held at an Airbnb when shots broke out. Pittsburgh Public Safety Two minors were killed early Sunday after shots were fired at a large party hosted at an Airbnb rental in Pittsburgh, according to the city’s police blotter. At least nine others were being
Bank stocks are down in 2022. With the Fed raising rates, are the big banks a buying opportunity? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE