The institutional adoption of cryptocurrencies has been gaining momentum over the past couple of years due to venture capitalists and money managers looking to the crypto market as the next investment class that will offer the greatest return. The Boba Network (BOBA) is the most recent protocol to benefit from institutional interest and the long
admin
Municipals greatly outperformed a large selloff in U.S. Treasuries Tuesday with yields rising to multi-year highs in the global safety benchmark curve following Federal Reserve officials’ hawkish remarks about shrinking its balance sheet and a likely 50 basis point interest rate increase as soon as May. Equities end in the red. Munis lagged, as they
Take a look at some of the biggest movers in the premarket: Carvana (CVNA) – Carvana was downgraded to “sector perform” from “outperform” at RBC Capital Markets, with the price target for the online car seller’s stock cut to $138 per share from $155 per share. RBC bases its call both on valuation and potential
If you’ve ever bought or sold real estate, you’ve probably heard of contingencies. In the most basic terms, a contingency is a specific requirement that must be met in order to make a real estate contract final. The most common reason a buyer or seller requests a contingency is for their own protection—to ensure that
The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, save two days in 2018. It stood at 3.38% one year ago today. Mortgage rates, which follow loosely the yield on the
It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a “self-serving lie.” The comments
A Los Angeles County School District had mixed success on its first bond sale since the U.S. Securities and Exchange Commission brought charges against the district, its superintendent and chief business officer stemming from a $100 million general obligation bond sale. Montebello Unified School District achieved savings above its target level on the $12.2 million
Municipals were steady to firmer in spots Monday, while U.S. Treasuries strengthened inside five years but key parts of the curve remained inverted while equities ended in the black. Triple-A municipal yield curves were relatively stable, while the two-, three-, five- and seven-year UST were still sitting above the 10- and 30-year. More activity surfaced
In this article TSLA TWTR Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long
In this article TSLA WFC HTZ LOG.N-CH CTRN Andrew Burton | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Twitter — The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $2.9 billion. The
Bitcoin (BTC) has been stuck between $45,400 and $47,500 for the past two days, indicating a tough tussle between the buyers and sellers as both attempt to establish control over the trend. Data from on-chain analytics firm Glassnode showed that 100,000 Bitcoin left exchanges in March. These large quantities of withdrawals have only happened twice
Air fryers have been a top wellness design trend for more than a year, and are likely to inspire new countertop appliance sales for Mother’s Day soon. Air frying capability has also been built into ranges, ovens and microwaves. One manufacturer even sent the capability as an upgrade to existing owners. Other companies followed suit,
Real estate accounts for an estimated 40% of global greenhouse gas emissions, with 12% of that in the United States alone, according to the EPA. Buildings mostly operate on fossil fuels, and their surfaces leak a lot of air, releasing cooling and heating out into the atmosphere. Add the construction industry to that and the
For the last 11 years, a mysterious wallet associated with the Mt Gox scandal has sat dormant holding close to 80,000 bitcoin worth $3.7 billion today. While the wallet was once the sixth-largest address a few years ago, today it’s the ninth-largest wallet in terms of bitcoin held, and the funds have never been spent
SGH has been on a tear since Mark Adams took the helm and began its systemic transformation from a legacy memory-focused chipmaker to a one-stop-shop innovator (hardware & software) for niche next-gen end-markets like HPC, AI, cloud computing, datacenters, etc. 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
COVID-19 has changed the economic as well the physical landscape of living and working in New York City, according to panelists at an symposium hosted by the Federal Reserve Bank of New York, but the city will survive and thrive. “The Future of New York City: Charting an Equitable Recovery for All,” was a day-long
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 Chen Li, the co-founder and CEO of Youbi Capital, a venture capital firm investing in blockchain technologies and disruptive
Puerto Rico bankruptcy Judge Laura Taylor Swain designated the mediators and named the participants in the debt resolution process for the Puerto Rico Electric Power Authority but excluded the legislature from the list of participants. On Friday morning she named U.S. Bankruptcy Judge for the Southern District of New York Shelley Chapman to lead the
In this article 9866-HK TWLO FB MU AMZN Chinese electric vehicle start-up Nio Inc’s first employee Tianshu LI, and company’s leadership team celebrate at the New York Stock Exchange (NYSE) Opening Bell to commemorate the company’s initial public offering (IPO) at the NYSE in New York, September 12, 2018. Brendan McDermid | Reuters Stocks ended
In this article 9866-HK 2015-HK WYNN BB AAPL GME Check out the companies making headlines before the bell: GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million.