Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Consumer inflation data and the start of the second quarter earnings season could be two catalysts that make for a bumpy ride in markets in the week ahead. PepsiCo’s earnings are the first major report of the week Tuesday, and Delta Air Lines
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Ether (ETH) price is up 16% since July 1 and has outperformed Bitcoin (BTC) in the last 7 days. The move could be partially driven by investors clinging to their hopes that the Ethereum network transition to proof-of-stake (PoS) consensus will be a bullish catalyst. The next steps for this smart contract involve “the Merge,”
The majority of jurisdictions across the country are struggling with housing affordability issues. To address the issue, many are reconsidering the zoning that they have in place to open up the possibility for more and different types of housing development, leaning toward higher density that will lower costs for renters and owners. However, this is
Dubai is seeing its hottest real estate market in years, with sales in the sector up 45% year on year in April and 51% in May, according to the Dubai Land Department. DUBAI, United Arab Emirates – The team at Dubai property firm Mira Estate have reason to celebrate. The luxury real estate company just
U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s financial isolation amid the ongoing Russian assault on Ukraine. Washington Wants Japan’s Crypto Companies to Cut Ties, Further Isolate Russia The United States has urged
Municipals were mixed to close out a quiet summer Friday session ahead of a larger new-issue calendar that sees several billion-dollar deals. Triple-A benchmark yields once again largely ignored a selloff in U.S. Treasuries after a robust jobs report indicated the Federal Reserve will likely hike interest rates another 75 basis points at its next
Rishi Sunak, who quit as Boris Johnson’s chancellor this week, launched his bid to lead the Conservative party on Friday with a pledge that he will avoid “comforting fairy tales”. His video to launch his campaign appeared a coded attack on what many MPs have seen as the prime minister’s Panglossian approach to policy. “Someone
Puerto Rico’s economic activity index increased 0.5% in May from April and 3.3% from May 2021. , according to data released from the Economic Development Bank for Puerto Rico Thursday. Over the last six months the index has gone up four times from month to month, stayed the same once, and gone down once. May was
Traditional venture capital funds drive valuations through multiple funding rounds. Startups aim for initial public offerings or other exits. Then the sharemarket decides upon a more realistic valuation. But in cryptoland, tokens introduce market capitalization while a company is being built. This means there are a lot of competing interests and agendas. Token sales for
Part Owner and Executive Chef Steve Kemper, prepares food in the kitchen at the Go Fish! Seafood Restaurant and Sushi Bar in Sinking Spring, Pennsylvania, April 8, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images June’s employment report is expected to show strong hiring continues across a broad range of industries,
Villa Ada, situated above Lake Maggiore, was built in 1866 by the Trubetskoy family. The family descends from Dmitry of Bryansk, who was the son of Algirdas, ruler of medieval Lithuania. Pyotr Trubetskoy, a Russian diplomat, moved to Italy in 1865 on a diplomatic mission. There he met Ada Winans, an American lyric singer. The
Lifestylevisuals | E+ | Getty Images Homebuyers are feeling the squeeze of rising mortgage rates. On top of that, housing prices remain high. That may lead many to rethink their budget. “As mortgage rates go up, it raises the cost of buying a home with a mortgage,” explained Danielle Hale, chief economist at Realtor.com. “For
Municipals were steady to firmer in secondary trading Thursday as a large airport revenue bond offering from the City and County of Denver, Colorado, and the Triborough Bridge and Tunnel Authority’s MTA deal took the focus. Municipals continued to ignore the movements of U.S. Treasuries, which saw yields rise for the second day, while equities
Boris Johnson has announced his “painful” resignation but defied pressure to step down immediately as prime minister, insisting he would remain in office until a new Conservative party leader is chosen. In an address in front of No 10 Downing Street, after days of turmoil and mass resignations from his government, he accused his party
Calling climate change New York City’s biggest environmental threat, Mayor Eric Adams released a plan Thursday that aims to help the Big Apple prepare for extreme rainfall in the future. “While we continue to invest in resiliency and infrastructure projects to protect us for generations to come, the Rainfall Ready NYC action plan will help every New
Traders on the floor of the NYSE, June 16, 2022. Source: NYSE U.S. stock futures rose slightly on Wednesday night as investors digested the most recent meeting minutes from the Federal Reserve. Dow Jones Industrial Average futures rose by 26 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.1% and 0.2%, respectively. Shares
Ethereum has now completed its second-to-last major Merge trial on the public test network Sepolia, paving the way for its transition to the proof-of-stake (PoS) consensus mechanism. While it’s been judged mostly a success, it was not incident free. The final trial of the Merge is set to occur on the Goerli network over the
The five hottest U.S. cities in the summer are Phoenix, Las Vegas, Tucson and San Antonio, each often reaching into the triple digits. “Extreme heat events can be dangerous to health – even fatal. These events result in increased hospital admissions for heat-related illness, as well as cardiovascular and respiratory disorders,” according to the CDC.
Patchogue, N.Y.: A home for sale, under contract, on Center Street in Patchogue, New York on May 17, 2022. Steve Pfost | Newsday | Getty Images In many areas of the country, homes continue to sell even as rising mortgage rates, high prices and recessionary concerns filter through economy. During the recent real estate boom,
Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the second half (2H) of 2022. Sharing his thoughts to his 48,100 Twitter followers on July 6, McGlone saw positive signs in the data Bloomberg’s Galaxy Crypto Index (BGCI) and the 50-week and 100-week moving averages of BTC’s