Municipals were weaker across the curve Tuesday with the short end being hit the hardest, causing the muni curve to invert further. U.S. Treasuries extended their selloff out long and equities reversed losses to close out in the black. Triple-A municipal yields rose up to 10 basis points on the one year, depending on the
A ‘For Rent’ sign in front of a building on December 06, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images Rents for both single-family homes and apartments are still rising, but at a far slower pace, as inflation squeezes consumers and landlords lose pricing power. Rent growth in November slowed for the 10th
ESG is beset from every angle. Republicans want to cancel it. Business leaders are muffling their former enthusiasm. Some money managers have even scrubbed the three letters from their funds. To meet this fraught moment, brand executives who work with some of the largest US companies, including Amazon.com Inc. and Alphabet Inc.’s Google, have had
Share to Facebook Share to Twitter Share to Linkedin If you plan on raising your cash investment income in 2023, a position in REITs (real estate investment trusts) may help you do it. REITs are dividend-paying entities that own or finance real estate. They can make their money through rents, property sales, interest income or
The Federal Reserve raised its target federal funds rate by 0.5 percentage points at the end of its two-day meeting Wednesday in a continued effort to cool inflation. Although this marks a more typical hike compared to the super-size 0.75 percentage point moves at each of the last four meetings, the central bank is far from
Sasha Ivanov, founder and CEO of the Waves blockchain platform, is planning to launch a new stablecoin amid the ongoing crisis of the Waves-backed stablecoin, Neutrino USD (USDN). Ivanov took to Twitter on Dec. 20 to announce the USDN situation resolution plan alongside a new stablecoin project. “I will launch a new stablecoin,” Waves founder
I attempted to spend two weeks travelling in El Salvador living on Bitcoin. I tried to pay for every single thing with Bitcoin, or Satoshis, small amounts of Bitcoin. Spoiler alert, I failed. Outfoxed by car hire companies (fortunately my car of choice was not Fiat); stubborn restauranteurs, a parking meter, pupusas, and a fancy
Take a look at some of the biggest movers in the premarket: General Mills (GIS) – General Mills reported better-than-expected profit and revenue for its latest quarter, and it raised its full-year forecast. The food producer was helped by higher prices which were only partially offset by increased input costs. The stock slid 1.3% in
Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central Bank of Nigeria (CBN) is not well positioned to regulate
A Russian court has ordered the seizure of a luxury hotel complex owned by billionaire Oleg Deripaska, one of the few oligarchs to have criticised President Vladimir Putin’s war in Ukraine, in a sign of the pressure facing the country’s tycoons since the invasion. The legal dispute, following an initial claim brought by a science
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters Homebuilders were less confident about their business in December, but they are starting to see potential green shoots. Builder sentiment in the single-family housing market dropped 2 points to 31 in December on the National Association
S&P Global Ratings lifted the University of Illinois back into the double-A category citing the flagship public university’s surpluses and healthier state government finances that reduce the threat of aid cuts. S&P last week raised the rating to AA-minus from A-plus. The upgrade impacts auxiliary facilities system revenue bonds and certifications of participation. The university
Municipals were weaker by a basis point or two Monday, while U.S. Treasuries saw larger losses across the curve and equities ended down following continued central bank assertions on raising rates. “U.S. stocks were unable to hold onto gains as recession worries run wild and as global bond yields surge higher after former Fed’s Dudley
This $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu. At 16,600 square feet, it’s the grandest single-structure residence in town and a whopping 4,100 square feet bigger than the next-largest home on the market. The Bali-inspired residence at 11870 Ellice Street, named the Kaizen House after a
Capitulation literally means concede. In the financial sphere, this term reflects a period of aggressive selling when the last of the bulls concede defeat to become bears themselves. What is crypto market capitulation? Suppose a cryptocurrency drops 30% overnight. An investor is left with two options: they can continue to hold or sell to realize
UK ministers will on Monday meet to co-ordinate a response to one of the most disruptive weeks of strike action in recent history, as concerns mount over emergency cover when ambulance workers walk out on Wednesday. Steve Barclay, the health secretary, said on Sunday he was still waiting to receive solid assurances from unions that
At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (BTC) and Ether (ETH) to evade impermanent losses. As a result, the significant movement of such assets intrigues the community as they try and decipher the intent behind the move. Two addresses that have remained dormant for over four years
The housing market is sending clearer signals that historically low mortgage rates and the home-buying frenzy have come to an end. As we near the end of 2022, here’s a look at the expectations of real estate experts for 2023. Danielle Hale, Realtor.com chief economist: After several years of an unambiguous sellers’ market, the 2023
Bitcoiners on Twitter recently pleaded with the CEO of the social media platform, Elon Musk, to preserve the account of late computer scientist and bitcoin pioneer Hal Finney. The outcry came after Musk announced that a mass of inactive accounts would be purged. Finney’s wife has since jumped in, and tweeted from Hal’s former account
In this article LULU ORCL XRAY NKE Follow your favorite stocksCREATE FREE ACCOUNT Domino’s will roll out 800 custom-branded 2023 Chevy Bolt electric vehicles at locations across the U.S. in the coming months. Domino’s Despite the encouraging signs that the economy is throwing our way, the lingering fear of a recession occurring in 2023 has