In this article SI Follow your favorite stocksCREATE FREE ACCOUNT Cryptocurrencies have been under immense pressure after the collapse of a so-called stablecoin called terraUSD. Umit Turhan Coskun | Nurphoto via Getty Images Silvergate Capital jumped on Tuesday afternoon after BlackRock reported a 7% stake in the crypto bank. Shares of Silvergate rose 9.96% after
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Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Evelyn Hockstein | Reuters The Federal Reserve is expected to raise interest rates by just a quarter point but
Average household income, or as called more precisely by the Census Bureau, mean household income, is quite different from median household income. For example, a city’s median household income is the income of the household that’s at the 50% point of the entire distribution of households in that city. In contrast, the mean household income
Former US President Donald Trump addresses the crowd during a 2024 election campaign event in Columbia, South Carolina, on January 28, 2023. Logan Cyrus | AFP | Getty Images The New York attorney general’s office on Tuesday said it will ask a judge to impose sanctions on former President Donald Trump and his attorneys in
Puerto Rico’s general fund net revenues were 28% above projections in December and 14% higher than those of December 2021. Through the first six months of the fiscal year, net revenues came in 14% ahead of projections and 3% ahead of July to December 2021, according to the Puerto Rico Department of the Treasury. Net
Chicago’s fiscal progress on structural balance and pensions drew rating upgrades and high-grade investors to recent bond deals but easing the longer term strains of pensions will require state intervention, Mayor Lori Lightfoot said. Whether the city’s fiscal momentum can help Lightfoot win a second term is uncertain. She faces eight rivals vying for
Britain is the only leading economy likely to slide into recession this year, the IMF said on Tuesday, predicting that UK household spending would falter under the weight of high energy prices, rising mortgage costs and increased taxes. The fund upgraded its forecasts for most leading economies and said the global outlook had brightened. But
Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegraph spoke with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park.
The third version of the crypto lending app Aave has now been deployed to Ethereum for the first time, according to a Jan. 27 Twitter thread from the Aave team. “Aave v3” was originally released in March 2022 and deployed on multiple Ethereum Virtual Machine (EVM)-compatible blockchains shortly afterward. Until now, Ethereum users only had
The northwestern Nevada city of Sparks had its issuer rating and the bond rating on special district bonds that funded the development of shopping, retail and entertainment district upgraded Friday by Moody’s Investors Service. Sparks, a city of 103,230 located in Washoe County that borders Reno, was upgraded to A1 from A2 and had a
In this article MRNA AMD CVNA AMC M F GEHC TSLA CL Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines in midday trading Monday. Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Colgate-Palmolive — Shares gained 2.8% after Morgan Stanley upgraded the stock
Mixed-use developments have traditionally entailed a blend of multifamily housing, offices, and square footage devoted to retail and service businesses. But as mixed-use becomes increasingly popular as a design choice for teeming urban enclaves, the concept’s definition has been stretched to include health care facilities as well. Hospitals derive multiple benefits from the arrangement. Expanding
The Federal Reserve is widely expected to announce its eighth consecutive rate hike at this week’s policy meeting. This time, Fed officials likely will approve a 0.25 percentage point increase as inflation starts to ease, a more modest pace compared with earlier super-size moves in 2022. Still, any boost in the benchmark rate means borrowers
Tracey Ryniec and Kevin Cook take a look at two highly ranked stocks. Alteryx: https://www.zacks.com/stock/quote/AYX?cid=CS-YOUTUBE-FT-VID Oxford Industries: https://www.zacks.com/stock/quote/OXM?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
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Republicans have finalized their roster of subcommittee chairs for the powerful House Ways and Means committee, one of the municipal market’s key panels. Pennsylvania Republican Rep. Mike Kelly will lead the newly-renamed tax subcommittee, formerly known as the Select Revenue Measures subcommittee, which writes tax policy and oversees tax collections. The position puts him in
Leading central banks are due to raise interest rates this week to the highest levels since the financial crisis, stoking anxiety among some investors that this month’s bond market rally underestimates evidence of persistent inflation. Bond prices have rapidly rebounded since the start of the year from last year’s historic sell-off, as markets bet that
Despite the recent negative crypto and macroeconomic newsflow, the total cryptocurrency market capitalization broke above $1 trillion on Jan. 21. An encouraging sign is that derivatives metrics are not showing increased demand from bearish traders at the moment. Bitcoin (BTC) price gained 8% this week, stabilizing near the $23,100 level at 18:00 UTC on Jan.
The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The network’s difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 39.35 trillion. Bitcoin Difficulty Reaches New All-Time High as Mining Gets Tougher Bitcoin’s difficulty reached another all-time high, surpassing the record set two weeks ago,
Bitcoin (BTC) has rallied nearly 40% so far in January, which is the best start to the year since 2013. The sharp up-move has turned several on-chain signals bullish, according to on-chain analyst Cole Garner. Usually, a sharp recovery from the market lows, driven by the leader, is a sign that strong hands may be