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 Fed money printer goes into reverse: What does it mean
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Los Angeles Mayor Eric Garcetti’s budget signing ceremony was overshadowed by a tight mayor’s race. Frontrunners U.S. Rep. Karen Bass and Rick Caruso, a billionaire mall developer, have been running neck-and-neck. Caruso has blanketed the airways with self-funded television ads effectively pushing out well-known Democrats like Los Angeles City Attorney and former state legislator, Mike
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The start of the trading day can be the difference between ending it with a plus or a minus in your account. Trading expert David Jones takes you step by step though the things you should check before your first trade of the day with Trading 212. Reviewing any open positions comes first, followed closely
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US corporate bonds sold by low-rated companies have slumped in price, signalling lenders’ intensifying worries that scorching inflation and higher interest rates are beginning to hit borrowers most vulnerable to an economic downturn. Bonds assigned a triple C rating or below, the lowest rung on the ratings ladder, have posted a negative return of 2.8
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Municipals ended firmer on the short end Friday, capping off a quieter, but stronger week, while U.S. Treasuries were weaker and equities sold off. Investors will be greeted Monday with an increase in supply with the new-issue calendar estimated at $6.488 billion in $4.142 billion of negotiated deals and $2.347 billion of competitive loans. The
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The US economy registered another month of solid jobs growth in May, despite employers grappling with a historically tight labour market. Employers in the world’s largest economy added 390,000 jobs during the month, less than the upwardly revised 436,000 positions created during the previous period but more than economists had expected. The jobless rate steadied
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Chase Coleman, founder of Tiger Global Management LLC Amanda L. Gordon | Bloomberg | Getty Images Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over
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In a May 30 tweet, Ethereum (ETH) core developer Tim Beiko confirmed that the much-anticipated switch from proof-of-work to proof-of-stake can be expected “around June 8 or so.” Interestingly, Ether’s price action is relatively unchanged despite the unexpected bullish announcement. There was a +10% spike on May 30, but those gains were given back between
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A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. Applications for a mortgage to purchase a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association’s
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The Municipal Securities Rulemaking Board has filed a proposal with the Securities and Exchange Commission to change its fee structure to account for prior year results, a move aimed at ensuring the board maintains sufficient operating revenue and avoids collecting excess cash reserves. The new fee structure will establish a new Annual Rate Card Process
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