Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023. Nathan Howard | Bloomberg | Getty Images Sales of previously owned homes declined 2.4% in March compared with February, according to a monthly report from the National Association of Realtors. At a seasonally adjusted, annualized rate, that amounts to 4.4 million units. Sales were 22%
US Treasury secretary Janet Yellen has warned that any effort to decouple from China would be “disastrous” as she said that national security measures targeted at Beijing were not designed to “stifle” the Chinese economy. In a major speech on Thursday, Yellen called for a “constructive and fair” economic relationship between China and the US,
The top two municipal bond insurers wrapped $5.735 billion in the first quarter of 2023, a 32% decrease from the $8.430 billion of deals done over the same period in 2022, according to Refinitiv data. The industry par amount for the top two issuers was achieved in 260 deals in 2023 versus 419 deals in
A pair of computer science researchers recently published pre-print research indicating that the nascent cryptocurrency market is beginning to show a level of maturity similar to the traditional equities market. Dubbed “Collective dynamics, diversification and optimal portfolio construction for cryptocurrencies,” the paper was written by Dr. Nick James, a fellow at the University of Melbourne’s
Municipals continued to be hit hard on the front end of the curve in secondary trading as a $2 billion-plus deal from Illinois took focus in the primary. U.S. Treasuries were weaker, while equities ended mixed. Triple-A benchmark yields were cut 11 to 15 basis points, depending on the curve at one-year and nine to
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In this article LVS IBM TSLA ZION LRCX WYNN SLG Follow your favorite stocksCREATE FREE ACCOUNT Electric vehicles (EV) line up outside a Tesla dealership in Melbourne on April 19, 2023. William West | AFP | Getty Images Check out the companies making headlines after the bell. Tesla — Shares slid 3.6% after the electric
With housing markets across the United States thrown into an odd limbo due to rising interest rates, dampening demand, but sticky unaffordability, it’s important to try and figure out what exactly is going on on-the-ground. While in past articles we focused on city housing markets, such as the Denver housing market in 2023, here we’re
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023. Nathan Howard | Bloomberg | Getty Images Today’s homebuyers appear to be increasingly sensitive to weekly moves in mortgage rates. While home prices are easing some, affordability is still a major hurdle, especially as more first-time buyers enter the market. Last week, the average contract
Chancellor Jeremy Hunt has been urged by the UK pensions industry not to force retirement schemes to invest in riskier and complex assets including fast-growing young British companies, and infrastructure. Hunt has said he would not be “instinctively comfortable” with ordering pension funds where to invest some of their money, but has not ruled out
Bitcoin (BTC) has been witnessing volatile moves in the past three days. The pick-up in volatility shows that the buyers and sellers are vying for supremacy. Bitcoin recovered sharply on April 18 but gave back all the gains on April 19. The latest sell-off may have been triggered by the high inflation figures in the
The Municipal Securities Rulemaking Board’s upcoming quarterly meeting on April 26-27 will discuss its recent efforts in improving information and practices for dealers, including its recent proposed amendments to Rules G-47 on time of trade disclosures and D-15 on sophisticated municipal market professionals as well as a retrospective rule review for Rule G-12 on uniform
Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors Bet on Another Rate Hike in May
Three parties filed arguments urging Puerto Rico Electric Power Authority bankruptcy Judge Laura Taylor Swain to not certify a bondholder appeal of her ruling that the bondholders do not have perfected liens on PREPA’s revenues. The Puerto Rico Oversight Board, the Fiscal Agency and Financial Advisory Authority, and fuel line lenders filed separate objections Monday
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Gary Gensler, Chair of the U.S. Securities and Exchange Commission, takes his seat before the start of the Senate Banking, Housing, and Urban Affairs Committee hearing on Oversight of the U.S. Securities and Exchange Commission on Tuesday, Sept. 14, 2021. Bill Clark | CQ-Roll Call, Inc. | Getty Images The House Financial Services Committee will
In this article UAL ISRG WAL FHN IBKR NFLX Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration the Netflix logo seen displayed on a smartphone screen, with graphic representation of the stock market in the background. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading.
Patrick McHenry, chair of the United States House Financial Services Committee, jumped right into criticism of the Securities and Exchange Commission and its leadership over digital assets at an oversight hearing. In an April 18 hearing on oversight of the SEC, Representative McHenry used his opening statement to bring up the commission’s “punishing” of digital
A luxury waterfront building in Washington, D.C., broke the record for the most expensive condo sale in the city’s history, selling for $12.762 million earlier this month. The split-level, four-bedroom Penthouse 1 has about 5,800 square feet of living space, five full bathrooms and two half baths. In addition, the condo offers three parking spaces.
flames burn on a natural gas-burning stove. Scott Olson | Getty Images A federal appeals court ruled Monday that Berkeley, California, cannot enforce a ban on natural gas hookups in new buildings, saying a U.S. federal law preempts the city’s regulation. The ruling from the 9th U.S. Circuit Court of Appeals in San Francisco was a