Trading spreads on Illinois GO bonds narrowed this week after the state’s latest rating upgrade, and an uptick in tax revenues could help keep the positive ratings momentum going if the state makes more headway on paying off debts and building reserves. The state’s moves to build up its rainy-day fund, pay down debts, and
During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals. This will enable Ethereum network validators to support withdrawal operations following
In this article CSG.N-CH ADBE SNAP META Follow your favorite stocksCREATE FREE ACCOUNT The Snapchat application on a smartphone arranged in Hastings-on-Hudson, New York, US, on Wednesday, Feb. 1, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Credit Suisse — U.S.-listed shares of Credit
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Oracle Corp., Smith & Wesson Holding Corp., and Family Dollar Stores Inc. After Thursday’s closing bell, Oracle ORCL, -0.80% said its fiscal fourth-quarter profit fell to $3.65 billion from $3.81 billion a year earlier. Per-share earnings
In this week’s episode of Market Talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms. We start things off with miner prices and
Two U.S. bank failures sent Wall Street investors scurrying for the perceived safety of the bonds markets this week, providing the real estate industry with an unexpected boon on the brink of its busiest season: the lowest mortgage rates in three weeks. The average U.S. rate for a 30-year fixed-rate home loan fell to 6.6%
The Oklahoma Turnpike Authority faces further scrutiny after the state attorney general ordered an investigative audit of the agency as it waits for a court ruling on the validity of bonds to start funding a $5 billion extension project. The audit is needed to determine whether OTA is in compliance with the law, state Attorney
The market volatility triggered by the failure of three banks in the past week has spooked traders in economically vital US mortgage-backed securities, leaving other lenders, usually important buyers, on the sidelines. The $11tn market for bundles of US home loans was already feeling the strain of last year’s soaring interest rates, which pushed up
The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer. KuCoin Ventures has led a $10 million investment in stablecoin issuer and blockchain-based payment service provider CNHC. Announcing the news on March 16, KuCoin Ventures said that the funding round included some prominent
Bitcoin (BTC) kept bears sweating near $25,000 on March 15 as encouraging macroeconomic data combined with concerns over banking crisis contagion. PPI offers “great signs” on Fed pivot Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from a 24-hour comedown to see highs of $25,273 on Bitstamp. The pair reacted positively to the
In this article GS MRO NYCB WAL PACW CS FRC Follow your favorite stocksCREATE FREE ACCOUNT A person walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Credit Suisse — Shares of Credit Suisse plunged
NEW YORK (MarketWatch) — A spurt of acquisition announcements or talk of deals involving Wisconsin Energy Corp., Oracle Corp., and General Electric Co. may set those shares up for active trading in Monday’s session. Wisconsin Energy Corp. WEC, +1.71% said it would buy Integrys Energy Group Inc. US:TEG in a cash-and-stock purchase valued at $9.1
Solar can be intrusive. Many of the current systems have bulky equipment that takes up a lot of space and that can be considered unattractive even to the point that some homeowner associations actually ban them. But it isn’t just vanity driving that call, it’s also the use of space. In many cases there isn’t
Demand for mortgages increased for the second straight week, despite some volatility in mortgage rates. Total application volume rose 6.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. related investing news ‘Big Short’ trader Danny Moses warns Silicon Valley Bank collapse will expose more trouble Stephanie Landsman
Michigan falls $3.9 billion short annually of what it needs just to maintain the condition of its roadways, according to a report that serves as launching pad for a coalition pressing for a long-term fix that will require new or higher taxes. The projection comes from an analysis of the cost of meeting state road
Illinois drew a fresh rating upgrade Tuesday for making further progress in tackling its chronic fiscal sore spots. Moody’s Investors Service raised Illinois’ general obligation and sales tax-backed Build Illinois bonds by one notch to A3 from Baa1 and assigned a stable outlook. The upgrade also lifts the Metropolitan Pier & Exposition Authority’s rating one
The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion have spread. Market strategists are further anticipating the U.S. central
In this article KEY SCHW MS WFC DASH LYFT GTLB CVT UBER FRC MTCH UAL BZFD PACW WAL CMA ZION META Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines in midday trading Tuesday. MENLO PARK, CALIFORNIA – FEBRUARY 02: A security guard stands next to a sign at Meta headquarters on
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Bed Bath & Beyond Inc., GoPro Inc., and Nike Inc. After Wednesday’s closing bell, Bed Bath & Beyond BBBY, +0.93% reported quarterly earnings that fell short of analysts’ estimate. Shares fell 5.7% in after hours.
Ethereum’s native token, Ether (ETH), rallied on March 13 after the U.S. regulators shored up wavering confidence in the banking sector led by the shutdown of $209 billion Silicon Valley Bank (SVB) and $110 billion Signature Bank. U.S. emergency measures help Ether recovery Ether’s price rose over 3% to around $1,635, its highest level in