According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means launching a central bank digital currency (CBDC) now may be premature and could lead to many citizens being financially excluded. Central Bank Mulls Delaying CBDC Rollout The governor of the Central Bank
admin
The Senate Thursday was close to a deal for a $10 billion COVID bill that appears to avoid a claw back of unspent pandemic funds sent to the states last year. Utah Republican Sen. Mitt Romney, the chief Republican negotiator, said Thursday that the bill relies on unspent dollars in the $1.9 trillion American Rescue
Municipals were better Thursday as triple-A benchmark yields fell while U.S. Treasuries were mostly steady and equities ended down. Triple-A municipal yield curves saw one to four basis point bumps. . Muni to UST ratios were at 82% in five years, 94% in 10 years and 104% in 30, according to Refinitiv MMD’s 3 p.m.
There are only hours remaining until the Q1 2022 close in Bitcoin price action. With the important quarterly candle set to close tonight, let’s look at what technicals might say about the direction of the next quarter. Q1 2022 Comes To A Close For Bitcoin The first quarter of a year, often sets the tone
In this article GME GameStop shares surged in extended trading Thursday after the company said it planned to implement a stock split. The video game retailer said it will seek stockholder approval at its next shareholder meeting for an increase in the number of Class A common stock from 300,000,000 to 1,000,000,000 to partly conduct
U.S. President Joe Biden announces the release of 1 million barrels of oil per day for the next six months from the U.S. Strategic Petroleum Reserve, as part of administration efforts to lower gasoline prices, during remarks in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, March 31, 2022.
Volatility is back in full force in the cryptocurrency market and the price of Bitcoin (BTC) has undergone several $1,000 swings over the past few days and select altcoins have seen their prices surge to new highs after major announcements. The big winners on March 31 include protocols that focus on interoperability between the major
Aspen’s spring market remains strong, with eager buyers bidding on what few properties are available. Inventory, particularly new construction, is so low that buyers are now looking at older properties to update and renovate. Ann Abernethy, a broker associate at Slifer Smith & Frampton Real Estate in Aspen, offers an on-the-ground look at current market
Getty Images For most Americans, the surging cost of living is weighing heavily on their wallets. “Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,'” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates for the
Discover the secret behind earnings estimates and earnings estimate revisions and how it can lead to dramatic stocks gains.
Puerto Rico Gov. Pedro Pierluisi called for a 20% increase in payroll spending in his annual state of the territory speech delivered to the local legislature Tuesday. Pierluisi also said his proposed budget would cut spending on outside professional services by 13%. The governor is proposing a $12.573 billion general fund budget for fiscal 2023,
The month of March has been a tale of two halves for the cryptocurrency market and the weakness seen since the start of the year has began to fade. Bitcoin’s (BTC) strong move above the $40,000 level is helping to lift sentiment across the sector, and DeFi tokens are also beginning to move upward. Data
Municipals were steady to firmer in spots with triple-A benchmark yields falling for the first time since March 17 and large new issues saw bumps in repricings as conditions improved. U.S. Treasuries strengthened, but parts of the yield curve remained inverted, while equities sold off. Triple-A municipal yield curves saw bumps up to five basis
On Wednesday, DeFi Technologies announced that its subsidiary Valour reached $274.2 million in assets under management. The company offers various cryptocurrency-denominated exchange-traded products, or ETPs, listed on European exchanges. Cointelegraph previously reported that Valour launched two such ETPs involving Uniswap (UNI) and Polkadot (DOT) last year. For each exchange-traded product of Valour that is bought
In this article ARKK Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images It’s hard to talk about the topic of women in investing without mentioning Cathie Wood. The founder, CEO
In this article LULU FIVE BNTX RH CHWY W PSON-GB COP OXY PSX FRPT RIVN PG HOOD Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Check
Few actors or comedians were as well-loved as Betty White, who died last December. A pioneer of early television, with a career spanning seven decades, White was noted for her vast work in the entertainment industry and also for being one of the first women to work both in front of and behind the camera.
Sturti | E+ | Getty Images With skyrocketing housing prices, homeownership may be out of reach for many Americans. Yet rents are also rising. So how do you know if you should own a home or rent? It depends on a number of factors, experts said. “If you’re not sure whether or not you want
About $918 million of U.S. Virgin Islands bonds are expected to price Wednesday after eligible matching fund bondholders agreed to tender about 75.2% of their bonds. The refunding bonds are an attempt to prevent its pension system from running out of money, something the U.S. Virgin Islands actuary has said could happen in 19 months.
Municipals were weaker on Tuesday, most pronounced on the short end again, while U.S. Treasuries pared back some losses but the curve remained inverted while equities rallied after Ukraine and Russia signaled they are open to talks. Triple-A municipal yield curves saw cuts up to five basis points on the short end while the three-year