Bond issuance and a flood of federal aid during the pandemic allowed major air hubs to continue an unprecedented pace of construction as traffic continues to recover. From New York to San Diego, airports across the country were in various stages of bond-financed construction or planning when the pandemic struck the U.S. in March 2020.
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Today marks the 13th year since Bitcoin (BTC) creator Satoshi Nakamoto mined the genesis block or block 0 of the Bitcoin network, and for the first time mined a reward of 50 BTC back on Mon, 2009. Fast-forward to 2022, the BTC network shows no signs of slowing down by reaching a new all-time high
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
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
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
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
The Central Bank of the Republic of Turkey recently revealed it made the decision to provide incentives to gold deposit and participation fund holders that request to convert these into lira time deposits, a statement from the central bank has said. Incentives Intended to Boost Financial Stability The Central Bank of the Republic of Turkey
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
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
Louisiana has asked a federal court to dismiss a lawsuit filed by an Arizona-based online business that argues the state’s local sales and use tax collection system is unconstitutionally complex, a complaint that probes the Supreme Court’s high-profile 2018 South Dakota v. Wayfair ruling. Arizona-based Halstead Bead Inc. on Nov. 15 filed the lawsuit in
Gaming revenues, a major economic driver for Nevada and Clark County, are exceeding expectations. The Gaming Control Board said Wednesday that statewide gaming revenue in November was $1.32 billion, just shy of the single-month record of $1.36 billion reported in July. If the state surpasses $500 million in December, it will exceed its greatest single-year
James “Jimmy” Cayne, the swaggering bridge-champion Wall Street CEO who led investment bank Bear Stearns during its rise and ultimate fall that would serve as a touchstone for the financial crisis of 2008, has died at age 87. Cayne died Tuesday days after suffering a stroke, according to a report in Bloomberg. One of the
A trader works on the floor of the New York Stock Exchange (NYSE) December 9, 2021. Brendan McDermid | Reuters It’s back to business in the week ahead with a busy economic calendar to start the new year, including the always important monthly jobs report. After a stellar 2021, stocks head into the 2022 with
Bitcoin (BTC) and most major altcoins are attempting a rebound off their respective support levels, indicating that buyers continue to accumulate on dips. Data from Coinglass shows that 9,925 Bitcoin left Coinbase Pro, the professional trading arm of Coinbase, on Dec. 30, a possible sign of institutional buying. This is in sharp contrast to the