Municipals were part of a wider fixed income market rally on Friday as high-grade yields were lower by as much as six basis points on the long end, buoyed by the stronger-than-expected October jobs data and upward revisions to nonfarm payrolls numbers for September and August. The rally sustained lower rates, a flat yield curve
Electronic Arts (EA), an important gaming and entertainment-oriented company, has made insightful remarks about the importance of NFTs and the play-to-earn model in its last earnings call. Andrew Wilson, CEO of the company, addressed the subject in response to several questions posed by business analysts. Electronic Arts Open to NFTs and Play-to-Earn Electronic Arts, the
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President Joe Biden met separately with Federal Reserve Chairman Jerome Powell and Fed Governor Lael Brainard at the White House on Thursday as he considers who will lead the central bank next year, according to people familiar with the matter. He has not yet made a decision, they said. Brainard is regarded as Biden’s likeliest
Nancy Pelosi stared down progressives in her own party on Friday, vowing to press ahead with a vote on a $1.2tn bipartisan infrastructure bill while delaying consideration of a separate, larger social spending package popular with the leftwing of the Democratic party. The move breaks a longstanding promise to move the two bills through Congress
Stablecoins and their use in decentralized finance (DeFi) have played a key role in the 2021 cryptocurrency bull market because allow investors to participate in the ever-growing number of protocols that offer high yield staking pools and they ease the process of transacting without needing to use a centralized exchange. One project that has seen
In this article BA ASTR AMZN Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus A flurry of space companies filed requests with the Federal Communications Commission on Thursday for new or expanded broadband networks, asking the regulator for approval of nearly 38,000 total satellites. Amazon, Astra, Boeing, Inmarsat, Intelsat, Hughes Network, OneWeb, SpinLaunch,
Charging Bull Statue is seen at the Financial District as snowfall in New York City, United States on December 16, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Even the bulls are exhausted. The S&P 500 is up 14 of the last 16 days. It’s moved over 300 points (about 7%) since Oct. 13.
In this article SHAK PTON GOOS-CA Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the exercise bike company tumbled more than 34% after the firm reported weakening sales growth
Price action in the crypto market has not been for the faint of heart over the past 48-hours and it’s clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts to new all-time highs. While the top two cryptocurrencies fight to hold key support levels, the altcoin market has seen a handful of tokens post
Wellness design was a growing trend before the pandemic sent millions of Americans home in early 2020, but the long months many families spent cooped up at home making their spaces as safe, healthy, functional and comfortable as possible despite tremendous challenges has accelerated it tremendously. Two major media events this week highlight its prime
A pedestrian stands in front of a Manhattan condominium building in New York. Mark Abramson | Bloomberg | Getty Images Wealthy real-estate buyers from overseas are expected to descend on the nation’s luxury housing markets Monday, giving a second boost to demand for high-priced apartments and mansions. The U.S. will lift the travel ban on
After reaching an all-time high in 2019, total issuance of private activity bonds appeared to decrease slightly in 2020, though the Council of Development Finance Agencies said the recent data shows that reforms are needed to make issuance more efficient and accessible. Total private activity bond issuance in 2020 dipped to $27.7 billion from $30.5
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It was a quiet week in the mainland as much of the Chinese crypto community was either lying low, off in Lisbon, or
Municipals were stronger Thursday out longer, while U.S. Treasuries rallied, larger on the shorter end, and Refinitiv Lipper reported $600 million of inflows, the most since mid-September, signaling the fund complex is still engaged in the asset class. Triple-A benchmarks bumped levels by one to three basis points, with the largest moves out longer on
Opec and its allies declined to accelerate plans to increase oil production, rejecting calls from President Joe Biden to help ease rising crude prices and increasing the odds of a retaliatory move by the US. The Opec+ group, which has included Russia since 2016, said on Thursday it would stick with a plan formulated this
Quartr A new start-up is attempting to modernize the investor relations industry to meet the surge of new retail investors. Swedish start-up Quartr recently raised $4.5 million to help build out its product, which includes recordings of earnings calls and financial documents from major companies. Investors in Quartr include executives at the Ritholtz Group —
Traders work on the floor of the New York Stock Exchange (NYSE) on October 15, 2021 in New York City. Spencer Platt | Getty Images After a disastrous 2020, when many corporations were forced to cut dividends, these payments to shareholders have been rising for the last several quarters. The dollar value of dividends paid
A worker wields hinges to the company’s largest commercial asphalt paver at the Calder Brothers’ facility in Taylors, South Carolina, U.S., July 19, 2021. Brandon Granger | Calder Brothers Corporation | Reuters Hiring is expected to have picked up at a solid pace and wages likely continued to climb in October, as Covid receded and
The Peninsula Residences London, currently under construction in Belgravia, will set a new standard for luxury living in the United Kingdom. The private residences found in an exclusive wing inside the new five-star Peninsula London hotel are the latest property offering from the upscale hospitality brand. Located opposite Buckingham Palace in Belgravia, the Peninsula Residences
The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021. Shannon Stapleton | Reuters The Manhattan District Attorney’s office has convened a new grand jury for its ongoing probe of the company owned by former President Donald Trump, according to a new report Thursday.
On a day when the Federal Open Market Committee made taper official, equities hit all-time record highs and U.S. Treasuries lost ground, while municipals made gains early on and stuck with them in an actively traded secondary. High-grade benchmark yields fell one to three basis points while USTs ended the day higher after an up-and-down
The leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern, the organization said, offering its assistance to regulators whom it considers not sufficiently qualified to deal with the complex issue. Blockchain Association Proposes Public-Private Partnership on Crypto Rules in Iran
Puerto Rico’s economic activity index for August showed improvements from July and from August 2020. The index’s value was up 0.2% from July and up 3.3% from August 2020. August was the second consecutive month the index went up on a month-to-month basis. “The recovery in economic activity continues but at a weaker pace,” said
The Federal Reserve said it would begin scaling back its massive $120bn monthly bond-buying programme this month, a critical milestone for a US economy that is recovering from the pandemic and contending with surging inflation. The decision is the culmination of months of debate among Fed officials about the level of support the world’s largest
The blockchain gaming ecosystem has seen explosive growth over the course of 2021 as nonfungible tokens (NFT) and the play-to-earn gaming model helped create new income opportunities for people around the world while also ushering in a new cohort of users to the cryptocurrency sector. One project involved in gaming and the building of the
In this article WFC Wells Fargo CEO Charles Scharf listens during the Milken Institute Global Conference in Beverly Hills, Calif., on April 30, 2019. Kyle Grillot | Bloomberg | Getty Images Wells Fargo isn’t out of the woods yet when it comes to its regulatory mess. That’s the message the bank sent in its most
Jerome Powell, Chairman of the U.S. Federal Reserve, testifies before the Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., September 23, 2020. Kevin Dietsch | Reuters Following the Federal Reserve’s statement that it would start winding down its bond program, the futures market moved slightly to show that traders expect the Fed to
If all goes to plan, Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) blockchain next month, courtesy of Wrapped.com. The move is meant to enable Ripple (XRP) holders to interact with aspects of decentralized finance, or DeFi, such as executing smart contracts for use in borrowing and lending, swapping for altcoins, via their
Housing markets across the United States have had to weather one of the most unpredictable events in recent history (the Covid-19 pandemic, of course). While many housing markets saw prices dip in 2020 as the pandemic’s impact took hold, many have also seen remarkable recoveries in their prices and buying activity in 2021. The median