Municipals were hit hard Monday with a quarter-point selloff as munis could not ignore the continued U.S. Treasury selloff and the start of a bear market for equities as inflation-led recession fears grow. Municipals saw cuts up to 25 basis points, though some particular secondary prints pointed to larger losses. This is the largest one-day
Brussels is to launch legal action against the UK as early as Monday, on the publication of draft legislation to rip up large parts of the 2020 Brexit deal, EU officials say, as the two sides edge closer to a possible trade war. The officials said the European Commission would respond immediately to a British
The Oklahoma Turnpike Authority could be in the municipal market as early as December to begin funding a $5 billion, 15-year extension project that is the target of litigation after its board took action on Thursday to head to the state Supreme Court to validate the debt. Of the up to $1 billion of debt the
Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Markets are tense, and May’s hot inflation report has only worsened the situation. Last month’s consumer price index rose 8.6% from a year ago, making it the highest increase since December 1981. The reading spurred further worries about a recession and bond yields jumped on
In this article RBLX NFLX SFIX DOCU SAVE Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors. Aaronp/bauer-griffin | Gc Images | Getty Images Here are
Crypto staking and lending platform Celsius may be dealing with its rumored liquidity crisis by unstaking $247 million worth of Wrapped Bitcoin from Aave and sending it to FTX exchange. Speculations among the crypto community are now flaring as the project has been moving massive amounts of WBTC, ETH, and other crypto assets in addition
With tourism back and bigger than ever, Los Cabos, Mexico, is emerging as one of the biggest second home markets in North America, with many holiday-ers opting to become homeowners. The world-class destination at the southern tip of Mexico’s Baja California Peninsula is one of the strongest real estate markets in the country, with an
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York. Newsday LLC | Newsday | Getty Images Mortgage rates are back on the upswing, after a brief decline in May, and the housing market is still suffering from a lack of listings. As a result, mortgage
Renowned billionaire hedge fund manager Stanley Druckenmiller says that in an inflationary bull market, he wants to own bitcoin more than gold “for sure.” However, he explained that in a bear market, he would prefer to have gold. Stanley Druckenmiller on Crypto, Bitcoin, and Blockchain Stan Druckenmiller shared his view on bitcoin and cryptocurrency investing
Market participants are revising their supply projections downward as rising interest rates have stymied refunding and taxable volumes and overall market volatility has held some issuers to the sidelines. The pace of issuance so far in 2022 makes it less likely the market will hit previous records seen in 2020 and 2021. BofA Securities was
Boris Johnson has been accused by Tory MPs of “damaging the UK and everything the Conservatives stand for” as he prepares to publish a bill to rip up his 2020 Brexit deal with the EU covering trade with Northern Ireland. The legislation, to be published on Monday, will bring Johnson into conflict with many of
The Biden administration this week released proposed rules for its electric vehicle charging station network program, with states facing a tight summer deadline to submit plans to secure a piece of the funds. The proposed rules mark a key step in the development of the $7.5 billion National Electric Vehicle Infrastructure program, one of the
The spectacular implosion of the Terra ecosystem in mid-May left the crypto industry scarred. Though there were some brave critics who understood just how thin the razor’s edge was for TerraUSD (UST) — now TerraUSD Classic (USTC) — I think it’s safe to say that most people didn’t expect Terra to fail so fast, so
Mathisworks | Digitalvision Vectors | Getty Images For years, hotel operators have under-invested in technology, but persistent labor challenges are forcing a reckoning in the industry. “The labor issue is a big driver for investments in technology,” said Mark Haley, a partner at Prism Hospitality Consulting, which specializes in hospitality technology and marketing. “You can’t
Prices at a Chevron gas station in Menlo Park, California, on Tuesday, May 24, 2022. David Paul Morris | Bloomberg | Getty Images The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted oil supplies
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Anonymous hacker served with restraining order via NFT In what’s
The Los Angeles penthouse where Johnny Depp and Amber Heard living during much of their brief marriage is on the market for $1.765 million. With all the notoriety the former couple attracted during their headline-making court case, what better time to put the love nest on the market? Though the pair were only married for
More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington. And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and
A deposit this week into Illinois’ once barren rainy day fund brought it to $751 million with plans to bring it in the next fiscal year up to $1 billion, a level not seen before but one that still falls short of other states. Prior deposits earlier this year brought the account up to about
We’re going to talk about the VIX, and more importantly, how you can use the VIX for trading stocks, but also options. The VIX typically refers to option trading and it’s really geared and run by the options, but I’m going to share some insight with you about how to use it as a gauge