Municipal bond buyers got an early chance to snap up deals on Monday as Massachusetts came to market with a taxable deal that almost doubled in size. Primary marketBofA Securities priced Massachusetts‘ (Aa1/AA/AA+) $858.435 million of taxable Series 2019D general obligation refunding bonds. The deal was originally sized at $441.23 million. “The Commonwealth was able
Month: August 2019
The Takeaway: Telegram’s long-awaited blockchain, Telegram Open Network, is said to be scheduled to launch Oct. 31, but the yet-to-be-issued gram tokens are already trading in an unauthorized secondary market. Telegram has yet to publicly or formally acknowledge the project, but investors in last year’s $1.7 billion token offering, widely publicized in the press, are
Employees close a valve of a pipe at a PetroChina refinery in Lanzhou, Gansu province. Stringer | Reuters China’s plan to put tariffs on U.S. crude oil shows it is willing to take more economic pain in the trade war than some in the markets have expected, according to a Bank of America Merrill Lynch’s
Overstock’s security token platform, tZERO, has lost a major investor following the departure of CEO Patrick Byrne last week. Another Blow for tZERO During interim CEO Jonathan Johnson’s very first investor call in his new role, he confirmed that Makara Capital “will be not investing in tZERO right now.” However, he did mention that Makara would continue
Prints and Photographs Division The iconic architect Richard Morris Hunt (1827-1895) designed many notable buildings by combining historical architectural aesthetics with modern technology. Considered the dean of American architecture, Hunt also played a key role in shaping and professionalizing architectural practice and education in the United States. The Hunts were a respected New England family
Apple CEO Tim Cook visits an Apple store in Shanghai, China. Aly Song | Reuters Apple’s stock is helping lead U.S. stocks higher on Monday, buoyed by the possibility of re-opened trade negotiations with China, but a couple of Wall Street firms say the technology giant is better positioned than some might think even if
As summer nears its unofficial end and the weather cools down, the municipal bond market is still providing some heat as it gears up to welcome over $6 billion of new securities into the market. Primary marketIHS Markit Ipreo forecasts weekly bond volume will rise to $6.2 billion from a revised total of $5.10 billion
It is a truth universally acknowledged that crypto aficionados love Burning Man. Both the long-running festival in the Nevada desert and the bitcoin ethos revolve around openness to exploring new governance models with fewer rules. Take me, for instance. I still have the colorful Burning Man ticket from 2010, when, like so many future bitcoiners,
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Apple, Nvidia, Broadcom, Caterpillar — Shares of the tech companies, along with Caterpillar, all traded lower after President Donald Trump tweeted that
Over the last couple of years, the crypto space has grown considerably, and nowadays there are around 2,500 cryptocurrencies in addition to Bitcoin. However, BTC still remains the most valuable and the biggest cryptocurrency in the world in terms of market capitalization. That being said, it is also important to note that over the years,
The table is set in live-in chef Bronwen Kinzler-Britton’s Brooklyn apartment. Resident A Brooklyn rental building is bringing together residents by offering a unique amenity — a live-in chef. RXR Realty developer of 475 Clermont in Fort Greene partnered with supper club startup Resident to offer a communal dining experience to residents. As part of
Customers try iPhones at the Apple store in Hong Kong, China. Stringer | Anadolu Agency | Getty Images Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations. Shares of Apple, Nike and Caterpillar all tanked more than 3.5%, hitting their
Puerto Rico’s bankruptcy judge rejected a motion by the island governor, indicating her sympathy for the Oversight Board’s arguments that it has the authority to overrule local authorities on financial matters. Judge Laura Taylor Swain sided consistently with the Puerto Rico Oversight Board in its suit against the governor. U.S. Courts Judge Laura Taylor Swain
Japanese e-commerce giant Rakuten has launched its own exchange for crypto spot trading. Announced Monday, Rakuten Wallet has gone live for trading in bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) against the Japanese yen via an Android mobile app. An iOS app is due to be released in the future, though no set timeline was
The latest escalation in the trade war between the U.S. and China increases odds the U.S. economy will fall into recession— and that the Federal Reserve will try to stop it with more aggressive interest rate cuts. President Donald Trump called on U.S. companies Friday to find alternatives to China, following a new round of
The world of cryptocurrencies has come a long way since the early days of this decade, and nowadays it is a much more structured space, although regulation is still being awaited by many people in the crypto sphere. Nowadays there are highly sophisticated crypto exchanges and today we’ll be talking about one such example: Coincheck.
Homeownership is considered a core part of achieving the American Dream. However, that achievement is slipping out of reach of many Americans these days. U.S. homeownership has been at record lows throughout this decade. More Americans are renting as a response while managing with stagnant wage growth. The path to homeownership in today’s America has
A prospective home buyer walks past real estate signs outside of a property during an open house in Phoenix, Arizona. Joshua Lott | Bloomberg | Getty Images The inverted yield curve isn’t just spooking people over a possible recession – it’s doing weird things to mortgage rates, too. Traditionally, adjustable-rate mortgages, or ARMs, offer lower
International Monetary Fund chief economist Gita Gopinath speaks during a press conference in Washington D.C., on April 9, 2019. Liu Jie | Xinhua News Agency | Getty Images The outlook for the global economy keeps getting bleaker, the chief economist at the International Monetary Fund said Friday. “As the year is progressing, it’s getting harder
Washington scored an upgrade to Aaa Friday. Moody’s Investors Service upgraded the state’s general obligation bond rating from Aa1. It’s the first Moody’s upgrade since 1997 for the state, which has never had a triple-A rating from Moody’s, according to a spokesman. The upgrade to the highest investment grade rating affects roughly $18.4 billion in
Problems with Amazon’s cloud service, AWS, are disrupting services at some cryptocurrency exchanges on Friday. The Binance exchange is seeing problems internationally, according to its CEO Changpeng “CZ” Zhao, who tweeted: It’s causing some 500 error messages on APIs and affecting some withdrawal processing — CZ Binance (@cz_binance) August 23, 2019 The KuCoin cypto exchange is
The final week of August — the bittersweet end of summer for many— could be highly volatile, as markets fret over the economy and the latest developments in trade wars. President Donald Trump joins the G-7 leaders in France over the weekend, and markets will be watching to see if the meeting exposes new fault
At least three investors in Facebook’s Libra cryptocurrency are considering disassociating with the currency following intense regulatory pushback. According to a report published in the Financial Times on Friday, some backers are fearful that the spotlight placed on the social media giant’s proposed cryptocurrency will also bring their own separate, independent businesses into disrepute. Two
Subscribe, keep or re-gift. Mostess Home décor subscription boxes are more than just a little gift to yourself, they’re a shortcut to having professionally curated home accents. Another bonus is that if an item isn’t exactly your taste, someone else will appreciate it as a hostess or housewarming gift in the future. Either way, an
If you’ve been considering a mortgage with an adjustable rate, your reasons for going that route might be disappearing. As recessionary fears cause longer-term interest rates to hover near or below short-term rates, the advantage that typically comes with adjustable rate mortgages has shrunk — or entirely disappeared — at some lenders. ARMs, as they
Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. – Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth,
View Bitcoin’s defense of the 100-day moving average and a bullish divergence of an hourly chart indicator suggest scope for a minor price bounce to $10,300 Bitcoin will remain in the hunt for a drop to $9,467 (Aug. 13 low), as long as the rising wedge breakdown seen on the 4-hour chart remains valid. A
It was a double-dip for Houston as it returned to the municipal market on Thursday with a second helping of securities. Long Beach, California, competitively sold $450 million of bonds to BofA Securities. Primary marketRamirez & Co. priced Houston, Texas’ (Aa3/AA/NR) $494 million of public improvement refunding bonds on Thursday. The deal consists of $255.615
Deribit claims it’s becoming the first crypto futures and options exchange to provide large-volume trades of bitcoin and ether derivatives. The move comes via a partnership with institutional messaging service Paradigm, according to a BNN Bloomberg report on Thursday. Deribit’s CEO, John Jansen, reportedly said the new service will offer block trades with a minimum of 40 bitcoin and
Kuni Takahashi | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Gap slid as much as 7% before settling around 1% lower in extended trading after the retailer posted second-quarter sales that missed estimates. The company reported adjusted earnings per share of 63 cents on revenue of $4.01
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 8
- Next Page »