Municipal bonds were steady for the eighth straight session Friday as U.S. Treasuries were slightly better and stocks rose after Consumer Price Index data came as expected, though the highest since 1982. “U.S. stocks rallied after the latest inflation report did not come in as hot as many were expecting. Wall Street did not see
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The long-standing mayor of Miami Francis Suarez has now announced plans to take a part of his 401(k) payout in Bitcoin (BTC) just a month after he started receiving salary in BTC. Soon after becoming the first United States lawmaker to accept a part of his salary in Bitcoin, Suarez wants to dedicate a part
Turmoil at the Los Angeles Department of Water and Power, including a former general manager’s guilty plea to felony bribery, should not affect its Kroll Bond Rating Agency ratings. LADWP holds Kroll’s AA-plus rating on its water system revenue bonds and AA on its power system revenue bonds. The outlook on both ratings is stable.
In this article NOC Concept art of a “Starlab” space station Nanoracks NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International Space Station. Jeff Bezos’ Blue Origin, Northrop Grumman, and Nanoracks were awarded a combined $415.6 million under NASA’s Commercial LEO
Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago | Reuters In the coming week, the Federal Reserve could decide to speed up the end of its bond-buying program and signal that 2022 is the year it expects to start hiking
This Gordon Kaufmann-designed home on L.A.’s Westside has deep roots in local history. One of the first properties ever built in Bel-Air, the trophy estate dates to the 1920s when contracting and engineering company owner Arthur S. Bent and his wife Eliza commissioned the architect to design their new home. At the time, the London-born
Poorer neighborhoods are hotter than wealthier ones. That’s the overriding finding from the New York City component of a national project to map urban heat islands. Scientists have long known that urban areas generate heat, but until now they’ve not been able to map them street by street. On a searing summer day in New
Brian Mayhew stepped into his job before the turn of this century, taking on fiscal responsibility for a set of bridges that urgently needed upgrades to protect them against California’s earthquakes. More than two decades and many billions of dollars in debt later, he will retire as chief financial officer of the San Francisco Bay
The Ross Ulbricht Genesis non-fungible token (NFT) collection auction has come to an end and the auction winner was the “Free Ross DAO,” backed by the Pleasrdao project. The NFT collection raised 1,446 ether or $6.27 million at the time of settlement. Free Ross Decentralized Autonomous Organization Wins Ross Ulbricht’s NFT Auction, DAO Plans to
Democratic representative for California Brad Sherman joked about how ridiculous a “Mongoose Coin” would be on Wednesday — and by Friday it had become a reality. During Wednesday’s hearing on crypto at the House Financial Services Committee, Sherman spun a tale of an old woman who swallows bigger and bigger animals to eat the animals
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Bad news for Evergrande Even after all the regulatory crackdowns, China isn’t letting 2021 slip away without a few more blows to the
Municipal yields held steady for the seventh session in a row in light trading Thursday as the Dormitory Authority of the State of New York’s $2.5 billion of competitive loans were the focus while U.S. Treasuries made gains and equities were mixed on heightened Omicron concerns. Triple-A yield curves were little changed on the day
In this article .DJI CNBC’s Jim Cramer said Tuesday the market’s snapback has taken many investors off guard, and it’s being fueled by the rush to get back into stocks as emerging evidence indicates that the omicron Covid variant might not be as serious as first thought. “I think this caught a lot of people
In this article GME LCID AAL BA CVS People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters Check out the companies making headlines in midday trading. CVS — Shares of the drugstore chain jumped 3.8% to hit a 52-week high after the company said sales
The Santa Fe Trail was a well-traveled stage coach route connecting Missouri and New Mexico during the 19th century. Freight, mail and people made their way across the wilds of five states using the corridor. This compound in Santa Fe’s Historic Eastside sits off that route, today known as the Historic Old Santa Fe Trail.
In this article HOOD GME @HRC.1 @LB.1 AMC UEEC HTZ DOGE.CM= TSLA AMZN When a stock or sector of the market is trading way above its intrinsic value, investors may call it a “bubble.” “We would urge caution, severe caution. Be very afraid of the valuations of these growth companies,” Peter Chiappinelli, portfolio strategist at
Despite issuers’ hopes, a compromise defense bill passed by the House Tuesday night failed to include a provision allowing for expanded use of pandemic relief funds. The provision, which the Senate passed in October as standalone legislation, likely won’t be taken up this year, though some supporters continue to hold out hope. The legislation would
Reddit has launched a waitlist for the upcoming site-wide expansion of its Ethereum-based ‘Community Points’ token rewards program, as well as a dedicated website. The social media platform, which runs on upvotes that earn users’ karma scores, first dabbled in crypto token rewards in Dec 2019, when it launched Ethereum-based token rewards called “Donuts” in
Secondary trading saw an uptick and some pressures emerged on munis, but benchmark yield curves were little changed to weaker by a basis point in spots, again outperforming taxables. U.S. Treasuries slid further with the largest rise in yields on the long bond, and equities made gains after a mixed open. ICE Data Services and
Japanese billionaire Yusaku Maezawa arrives at the International Space Station on Dec. 8, 2021 after launching on a Russian Soyuz spacecraft. NASA TV Japanese billionaire Yusaku Maezawa arrived at the International Space Station on Wednesday, where he’ll spend nearly two weeks visiting as a private space tourist. Maezawa launched on a Russian Soyuz spacecraft along