Municipals were flat to firmer in spots, underperforming the U.S. Treasury flight-to-safety rally while stocks ended mixed after much larger losses throughout the day in dramatic swings on continued war in Ukraine. Triple-A benchmarks were little changed to bumped by a basis point or two while UST rallied 10 to 15 basis points with the
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The central processing plant for oil and gas in Salym, Russia, Feb. 4, 2014. Salym Petroleum Development is a venture between Shell and Gazprom Neft. Andrey Rudakov | Bloomberg | Getty Images Shell said Monday it is ending an “equity partnership” with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine conflict continues. Shell said
Traders on the floor of the NYSE, Feb. 25, 2022. Source: NYSE The NYSE and Nasdaq have announced today that they are halting trading in several Russia-based stocks that list on their respective exchanges. Much more interesting is the fact that the Russian stock market in Moscow is closed, but U.S.-based Russian exchange-traded funds are
In this article WDAY Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after the bell: Workday
If Russian hackers target the U.S. as retribution for economic sanctions prompted by its invasion of Ukraine, it could mean more harmful and longer-term cyberattacks than the public sector has experienced previously. “We remain concerned about the potential for cyberattacks on U.S. public finance related targets such as utilities, infrastructure and state and local governments,”
In a recent Forbes article, we examined the United States poverty rate in terms of the 10 counties with the highest poverty rate and the 10 counties with the lowest poverty rate. On the national level, according to the latest data from the U.S. Census Bureau — namely, the 2019 American Community Survey, 5-Year Estimates
New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021. Matthew Busch | Bloomberg | Getty Images Record increases in home prices are also pushing up the amount of equity people have in their abodes. For many Americans, that means they can borrow more against what is often their biggest asset. However,
Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significantly, these movements historically provide decent rewards for those shifting their portfolios toward higher risk. In the past seven days, the aggregate market capitalization performance of the cryptocurrency market
The vice prime minister of Ukraine has asked all major cryptocurrency exchanges to freeze accounts of all Russian users. However, some crypto exchanges have already denied the request. Binance confirmed it is “not going to unilaterally freeze millions of innocent users’ accounts” while Kraken says it is “not really a viable business option for us.”
Municipal bond issuers in the Northeast sold $115 billion of debt in 2,261 deals during 2021, an 11.7% volume decline from 2020, according to Refinitiv data. The Dormitory Authority of the State of New York was the top issuer in both the region and in the nation last year. In 2021, DASNY issued $7.86 billion
Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row. Tensions mount for TradFi markets open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000 corridor Sunday, all of which ended in
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In this article AMZN WMT HD SOFI PANW The Amazon logo is seen at the company logistics center in Lauwin-Planque, northern France. Pascal Rossignol | Reuters Stocks have been volatile over the last two months, and the way ahead is looking tumultuous. Investors are contending with an array of factors that have shaken financial markets,
In this article FL COIN CNK DELL SQ TREE Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker shares slumped 16.1% in the premarket after the athletic apparel and shoe retailer gave a weaker-than-expected full-year profit and comparable-store sales outlook. The company cited changes in its vendor mix as
Fitch Ratings on Friday revised Pittsburgh, Pennsylvania’s outlook to stable from negative and affirmed its AA-minus rating ahead of an upcoming general obligation bond deal. Fitch said the revision reflects its expectation “the city will maintain stable financial performance, gradually rebuilding reserves after a large draw on fund balance in 2020 that resulted from pandemic
Human beings are instinctively drawn to nature. They can be mesmerized watching the soft sway of tall grasses or a butterfly’s flight. There’s something about a linkage with nature that enlivens almost any circumstance involving people. That includes long-awaited returns to offices after pandemic-plagued years of remote work. So who could blame office building owners
The Puerto Rico Oversight Board on Friday rejected the possibility of renegotiating the Puerto Rico Electric Power Authority debt deal with the local government and also filed an objection in the PREPA bankruptcy to bondholders’ motion to compel mediation. In a press conference following the board’s public meeting, Board President David Skeel said, “There are
Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rally Mirror Protocol’s native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff
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