Believe it or not, investors do sometimes think about things that are not directly related to US interest rate policy. Of course, the debate over what the Federal Reserve does next matters. It is unquestionably the biggest issue of the moment. This week it dominated otherwise sleepy summertime market conditions yet again, thanks to data
For a guy on holiday with his family, Martin Lewis looked and sounded anything but relaxed. The Money Saving Expert founder (and closest thing Britain has to a patron saint of personal finance) usually adheres to a self-imposed media embargo for two weeks every summer, but broke it following shock predictions that average energy bills
More than 300 years of agricultural and architectural history are represented at a 135-acre property in Clarksville, Maryland. Known as Richland Farm, the spread about 25 miles outside of Baltimore has earned a spot in the National Register of Historic Places as a “farmstead which characterized rural Howard County from the late 18th century through
Smaller-sized cities and towns worried they won’t be able to snag a piece of the infrastructure dollars unleashed in the new federal law have until the end of the month to apply for a first-of-its-kind program aimed at boosting their chances. The “specialized training boot camps” led by the National League of Cities will help
How I Met Your Mother star, Alyson Hannigan, and her husband, fellow actor Alexis Denisof of Angel fame, are selling an architectural masterpiece home known as the Sherman Residence. At $18 million, a sale near the listing price would be more than twice the $7.95 million the couple paid for the Encino compound back in
The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same
Bitcoin (BTC) could not overcome the barrier at $25,000 on Aug. 11 even though it had two catalysts in the form of a “favorable” Consumer Price Index print and news that BlackRock — the world’s largest asset manager, overseeing over $10 trillion in total assets — had launched a spot Bitcoin investment product. In comparison,
While home sellers might enjoy seeing potential buyers fight over their homes, the housing market is seeing a decline in bidding wars, leaving those buyers who are still waiting on the sidelines more options and negotiating power. Nationwide, 44.3% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in July,
After nearly thirty years at the Securities and Exchange Commission in various roles, Lori Price has been promoted to director of the Office of Credit Ratings. She’ll begin the new role Aug. 14. The OCR is responsible for oversight of nationally recognized statistical rating organizations and conducts exams, develops and administers rules and maintains standards.
Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Peloton — Shares of Peloton jumped 6% after the company told employees it was cutting about 780 jobs, raising prices
An ascending triangle formation has driven the total crypto market capitalization toward the $1.2 trillion level. The issue with this seven-week-long setup is the diminishing volatility, which could last until late August. From there, the pattern can break either way, but Tether and futures markets data show bulls lacking enough conviction to catalyze an upside
With the plan of adjustment hearing for the Puerto Rico Highways and Transportation Authority less than a week away, arguments remain over five legal objections to the plan. Insured bondholders, Puerto Rico’s Fiscal Agency and Financial Advisory Authority, HTA wage earners, an insurance company, and a dairy are challenging the plan. The plan of adjustment
Merrick Garland had been quiet for three days about the search warrant executed on Monday by two dozen FBI agents at Donald Trump’s Mar-a-Lago estate. But on Thursday, when the 69-year-old attorney-general stepped in front of the cameras to break his silence on the unprecedented move against a former president, he defended the FBI’s actions,
The blockchain industry showed some surprising resilience in July, which may point to a period of greater fundamental support for the crypto space overall in the short term. In looking at a wide variety of indicators, including Bitcoin’s (BTC) price action, open interest on Ether (ETH) and activity in GameFi, there are some strong signals
The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must
The writer is co-chair of the Glasgow Financial Alliance for Net Zero and is set to become chair of Brookfield Asset Management Recent events have put into sharp relief the many failings of the global energy system. Energy is a weapon in a horrific, unjust war. Households in developed economies are facing crippling energy bills.
Topline Buying a home is the least affordable it’s been in over three decades, according to a metric released Friday, as home prices explode and Americans face record high prices elsewhere. Key Facts The National Association of Realtors’ housing affordability index, calculated using median single-family home prices, mortgage rates and median family incomes, hit 98.5
Municipal bond issuance in the Northeast slumped by 18.3% year-over-year for the first half of 2022 as taxable sales plunged more than 60%, according to data compiled by Refinitiv. The region’s issuers sold $49.69 billion of municipal bonds in 870 issues, after selling $60.78 billion in 1,234 issues during the first half of 2021. The
Fresh off a ratings upgrade, Erie County, New York, will be in the market during the upcoming week with a small but significant deal. FHN Financial Capital Markets is set to price the county’s $29.675 million of Series 2022 general obligation bonds on Tuesday, Aug. 16. The deal consists of $28.525 million of Series 2022A
UK prime minister Boris Johnson on Friday admitted that the government’s existing £37bn cost of living package may not be enough to support struggling households, as Liz Truss, the frontrunner to replace him, rejected calls for windfall taxes to limit the pain of rising energy bills. Johnson, who will leave office next month, said in