In this article YELP Kevin Kahovec and Mary Kate McGovern chat at Rizzo’s Bar & Inn in Wrigleyville as coronavirus disease (COVID-19) restrictions are relaxed in Chicago, Illinois, March 6, 2021. Eileen T. Meslar | Reuters More than 500,000 new businesses opened across the United States in the past year, new data from Yelp showed,
The market capitalization of Tether (USDT), the world’s largest stablecoin, zipped past $50 billion on Monday, in a sign that the cryptocurrency bull market was still heating up. Tether Operations Limited confirmed the milestone on Friday, with roughly 50 billion USDT now reported to be in circulation. Tether’s supply, and hence its market cap, has
Rising oil prices combined with more certainty around Alaska’s handling of its permanent fund helped the state earn an outlook revision to stable from negative on its general obligation bonds from Moody’s Investors Service. The rating agency also affirmed the Aa3 rating on its GOs. While oil prices are a factor in Alaska’s ratings, because
Some of Credit Suisse’s largest shareholders will attempt to remove the board member in charge of risk oversight, in protest at twin scandals that have cost the bank and its clients billions and tarnished its reputation. Andreas Gottschling — a 53-year-old German who has served as chair of the risk committee since 2018, earning a
Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while
A rosier revenue forecast and new federal relief will help Indiana fund infrastructure projects, pay down some debt, replenish reserves and boost education funding. Gov. Eric Holcomb reached an agreement on a revised budget with his fellow GOP legislative leaders who then passed the $37.4 billion package for the biennium beginning July 1 during the
FG Trade | E+ | Getty Images Company: Harmonic Inc. (HLIT) Business: Harmonic provides video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The
Take a look at some of the biggest movers in the premarket: Kimberly-Clark (KMB) – The consumer products company’s stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year forecast that came in below Wall Street consensus. Kimberly-Clark said it faced a number of
Ask anyone from Victoria, Australia, what the wealthiest part of Melbourne is and you will resoundingly hear one name: Toorak. That’s because Toorak’s position as Melbourne’s most elite neighborhood is irrefutable and has been from around the very beginnings of the state of Victoria, which separated from New South Wales in 1851 and 50 years
A home stands for sale in a Brooklyn neighborhood with a limited supply of single family homes on March 31, 2021 in New York City. Spencer Platt | Getty Images Closed sales of existing homes fell 3.7% in March to a seasonally adjusted annualized rate of 6.01 million units, according to the National Association of
With a liquidity mining program set to launch on Monday, Aave could be on the cusp of becoming the dominant decentralized finance (DeFi) ledning protocol. Earlier today, Aave Improvement Proposal (AIP) 16 reached quorum, meaning that starting on Monday, 4/26 liquidity providers and borrowers in Aave’s USDC, DAI, USDT, GUSD, ETH, and WBTC pools will
The Puerto Rico Oversight Board approved a central government fiscal plan that is more optimistic than the one it approved last spring, and the revised sales and use tax revenue figures may benefit some bondholders. The fiscal plan projects a total government surplus of $15.2 billion from fiscal year 2022 to FY 2035. FY 2022
The board of Kansas City Southern will review a proposed $33.7bn offer from Canadian National, the latest twist in the takeover battle for the US rail operator which could yield the largest merger of the year. Kansas City Southern has already entered into a merger agreement with CN rival Canadian Pacific, which offered $28.9bn including
Hey everybody, Dave Bartosiak with Trending Stocks at Zacks.com. Remember, not too long ago, when Tesla was the only name in the EV space? You were either pro dinosaur fuel or pro environment, there was no in between. If you loved the environment, your tree hugging self had an effigy to Elon Musk, and you
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Denelle Dixon, CEO and executive director of the Stellar Development Foundation. Denelle Dixon is the CEO and executive
The municipal bond market took a breather on Friday after digesting nearly $10 billion in new issuance on the week. Supply is expected to drop to $5.5 billion in the upcoming week. After a week marked by a strong and steady secondary market, the triple-A muni benchmarks remained flat for the sixth straight session as
SpaceX CEO Elon Musk gives an update on the next-generation Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty Images SpaceX founder and CEO Elon Musk remains focused on his vision for the company: Establishing a permanent human
Traders on the floor of the New York Stock Exchange. Source: NYSE The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in markets will continue to be inflation and taxes. President Joe Biden is expected to detail
If you are thinking about buying shares of Microsoft Corp., or already own them, you need to understand key metrics and issues related to the company. The numbers, below, show how Microsoft MSFT, -1.31% stacks up against competitors, and where its strengths and weaknesses lie. Keep in mind that no two companies are alike —
With one too many homes and one of Hollywood’s busiest schedules, high-profile celebrity power couple John Legend and Chrissy Teigen have cut the price of their Beverly Hills mansion that was listed last summer for $23.95 million. The home is now on the market for $17.95 million. The couple spent considerable time and money creating a