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Municipals sold off Wednesday, with triple-A benchmarks being cut up to 12 basis points across the curve, while U.S. Treasuries strengthened on the front end but the long-bond hit year highs and equities ended in the red. The Federal Open Market Committee meeting minutes show “the doves have left the building,” said Edward Moya, senior
New Jersey state employees would be allowed to work from home up to two days a week under a test program that was approved on Wednesday. The New Jersey Civil Service Commission voted to establish the hybrid work pilot, which will let state departments and authorities create a telework program for their employees. Under the
On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna’s (LUNA) co-founder — attributed the origins of the high yield to Terra’s flagship Anchor protocol. Anchor rate is now available to 30M+ binance
A visual representation of Bitcoin. Edward Smith | Getty Images In a space filled with venture investors and traders, a blockchain fund run by value managers thinks it can give investors greater returns than bitcoin itself. Bitcoin has been called the best performing asset of the decade by some. Off the Chain Capital, a fund
SEC chairman Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Sept. 14, 2021 in Washington. Evelyn Hockstein-Pool/Getty Images The Securities and Exchange Commission has voted unanimously to propose a rule for the registration and regulation of security-based swap execution facilities. A swap execution facility, or SEF, is an electronic
In this article LLY JBLU TWTR A JetBlue passenger jet (Embraer 190) taxis at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images Check out the companies making headlines in midday trading Wednesday. JetBlue — Shares of JetBlue fell another 7.6% on Wednesday, as investors weighed the airline’s $3.6
The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets
With its wrap-around porch, gently gabled roofs and saltbox design, this newly listed Bel-Air home seems more likely to be found in New England than Southern California—but a hillside setting overlooking the canyons and the city below makes it quintessentially Los Angeles. And like many L.A. properties, this one comes with its own slice of
In this article CSGP JLL UMH HHC Americans who are short on cash to make rent may need to face an uncomfortable reality: Conditions will likely get worse before they get better. U.S. housing supply fell to the lowest levels observed in over 20 years, according to the National Association of Realtors. That’s dramatically pushing
Data shows the Bitcoin trading volume has continued to remain at low levels this week, weakening the latest rally in the crypto’s price. Bitcoin Spot Trading Volume Has Recently Stabilized At Low Values As per the latest weekly report from Arcane Research, the BTC spot volume has continued to stabilize at relatively low values this
The US has imposed its most severe level of sanctions on Sberbank, Russia’s largest financial institution, and Alfa-Bank, the country’s biggest private bank, escalating its economic punishment of Moscow in response to atrocities committed by Russian forces in Ukraine. The announcement on Wednesday of “full blocking sanctions”, which prevent the lenders from transacting with any
Federal Reserve Governor Lael Brainard called the task of reducing inflation pressures “paramount” and said the central bank will raise interest rates steadily while starting balance sheet reduction as soon as next month. The Federal Open Market Committee “will continue tightening monetary policy methodically through a series of interest rate increases and by starting to
Municipals greatly outperformed a large selloff in U.S. Treasuries Tuesday with yields rising to multi-year highs in the global safety benchmark curve following Federal Reserve officials’ hawkish remarks about shrinking its balance sheet and a likely 50 basis point interest rate increase as soon as May. Equities end in the red. Munis lagged, as they
Take a look at some of the biggest movers in the premarket: Carvana (CVNA) – Carvana was downgraded to “sector perform” from “outperform” at RBC Capital Markets, with the price target for the online car seller’s stock cut to $138 per share from $155 per share. RBC bases its call both on valuation and potential
If you’ve ever bought or sold real estate, you’ve probably heard of contingencies. In the most basic terms, a contingency is a specific requirement that must be met in order to make a real estate contract final. The most common reason a buyer or seller requests a contingency is for their own protection—to ensure that
The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, save two days in 2018. It stood at 3.38% one year ago today. Mortgage rates, which follow loosely the yield on the
On Tuesday, enterprise software development firm MicroStrategy announced via a filing with the U.S. Securities and Exchange Commission (SEC) that its subsidiary MacroStrategy acquired 4,197 Bitcoin (BTC) ($190.5 million) between February 15 and Tuesday. MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy
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A Los Angeles County School District had mixed success on its first bond sale since the U.S. Securities and Exchange Commission brought charges against the district, its superintendent and chief business officer stemming from a $100 million general obligation bond sale. Montebello Unified School District achieved savings above its target level on the $12.2 million