New Jersey’s first general obligation sale in a little more than three years led the primary in the competitive space with tax-exempt and taxable deals won by Morgan Stanley. The State of New Jersey (A3/A-/A) sold two competitive deals totaling $325 million of general obligation bonds. It was the first GO bond issuance for the
Month: January 2020
Aragon has started the process for recruiting human jurors as the governance protocol prepares to launch its decentralized court system. As of 16:00 UTC Tuesday, community members will be able to exchange the project’s ANT tokens for newly minted Aragon Network Juror (ANJ) tokens that will be used for staking on its dispute resolution platform.
Potentially the world’s biggest bitcoin mine is said to have signed up two top corporate customers in the form of SBI Holdings and GMO. The Japanese corporate giants will be renting mining capacity at the facility in Rockdale, Texas, recently put into construction by Whinstone Inc., according to Bloomberg sources. The firms are to begin
Check out the companies making headlines midday Monday: Alphabet — Alphabet shares gained more than 2% and hit an all-time high after an analyst at Pivotal Research upgraded them to buy from hold. The analyst noted the internet giant will “find new and expanded revenue streams under new CEO Sundar Pichai.” SmileDirectClub — SmileDirectClub jumped
Photo: Getty A few years ago, it would have been difficult to imagine a real estate developer raising millions of dollars from unknown investors in minutes — site unseen, no questions asked. Now, it happens every day through numerous online real estate crowdfunding investment platforms. To give you a sense of the power of these
Peter Weinberg, CEO of WeWork advisor Perella Weinberg, told CNBC on Monday that the office-sharing company’s tumultuous 2019 does not discount the fact that the fundamental business is strong. “Having gotten so involved in this, [I think] the core of the business is a really, really good business,” Weinberg said in a “Squawk Box” interview.
Lockheed Martin F-35 Joint Strike Fighter Lightning II Robert Sullivan | FlickrCC Shares of defense companies outperform the broader market in the six months after a crisis event in the Middle East, according to an analysis by CNBC. Defense stocks have risen since a U.S. airstrike killed Gen. Qasem Soleimani, Iran’s top military commander, last
Bitcoin could be set for a major breakout as escalating tensions between the US and Iran drive investors to safe-haven assets, with cryptocurrency and gold values surging. Tensions in the Middle East reached a critical point on Thursday after US President Donald Trump ordered a drone strike on a vehicle convoy near Baghdad International Airport,
The fallout from JEA’s canceled privatization effort is far from over. Several investigations are underway into the process that cost the utility owned by Jacksonville, Florida, about $10 million, as well as an inquiry into how former chief executive officer and managing director Aaron Zahn will be terminated. Jacksonville’s deputy general counsel is investigating whether
IBM is launching a new app that uses blockchain to allow consumers interested in sustainability to trace the coffee they buy along the supply chain. IBM said its new “Thank My Farmer” app will allow consumers to track their morning joe from the store where they buy it back to the farm where it was
Telegram will not integrate a crypto wallet into its messaging app, at least until it gets the green light from U.S. regulators, the company said Monday on its official website. The announcement comes ahead of Telegram’s CEO deposition in Dubai on Tuesday. The post, which appears to be the first official notice addressing the TON
Bright office colors, as showcased in this Framery Petrol Blue sound-proof pod designed for open … [+] office settings, have been shown to boost productivity. Framery Have you ever worked in an office that just didn’t seem to feel right? Ever had the sense your office clashed with your personality? Ever felt unproductive in any of
Oil prices tend to see sustained gains following Middle East crisis events, while stocks eventually churn higher as safe haven assets gold and Treasurys fade from their initial pops, according to historical analysis. Oil prices jumped roughly 4% on Friday after a United States airstrike in Baghdad killed Qasem Soleimani, one of Iran’s top military
When it comes to the crypto space, it should be noted that much of the progress that has been seen is primarily due to the existence of crypto exchanges, and perhaps the most influential among those is Binance. In a new development, the exchange has announced that Ethereum withdrawals and deposits are going to be
Atlantic City opened the new decade with a rating boost from Moody’s Investors Service, marking continued fiscal stability entering year four of a five-year state takeover period. Moody’s upgraded Atlantic City’s general obligation bonds two notches Friday to Ba3 from B2 and assigned a stable outlook, citing improved finances under an oversight program established under
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with fintech firm Longfin’s CEO, Venkata S. Meenavalli, on charges of fraud. According to an SEC press release Friday, Meenavalli has agreed to pay $400,000 in both disgorgement and penalties related to a 2017 Regulation A+ offering the SEC deemed fraudulent. Longfin delisted from
This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Richie Hecker is an entrepreneur, and management consultant at Traction & Scale. 2019 was the year of Libra rising – an attempt led by Facebook to create a new
Humble, affordable homes will be at a premium as first-time homebuyers compete with downsizing baby … [+] boomers. Universal Images Group via Getty Images We have become disenchanted with “do-it-yourself” and discount brokerages, we don’t want fixer-uppers and we really don’t want very large houses that are in less than ultra prime condition. These are
The view north to Central Park Tower and 111 West 57th Street on Billionaires Row from the 86th-floor observation deck at the Empire State Building on July 28, 2019, in New York City. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Getty Images Real estate sales in Manhattan have fallen eight out of the past
Mark Zuckerberg, founder and chief executive officer of Facebook Inc., smiles during a news conference at the company’s headquarters in Palo Alto, California, U.S., on Wednesday, Oct. 6, 2010. 2019 was a great year for internet stocks and many Wall Street analysts expect the good times to continue in 2020. The S&P 500 finished 2019
Over the course of the past few years, XRP has firmly established itself as the world’s third-biggest cryptocurrency and Ripple, the company which holds the highest number of XRP tokens, has emerged as a big player in the payments business. Over the years, the San Francisco-based company has emerged as one of the biggest names
The members of the Federal Open Market Committee believe current monetary policy should remain appropriate as long as data mirror the outlook, the minutes of the panel’s December meeting, released Friday, show. “Participants regarded the current stance of monetary policy as likely to remain appropriate for a time as long as incoming information about the
This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. William Mougayar is the author of “The Business Blockchain,” producer of the Token Summit, and a venture investor and advisor. When it comes to US cryptocurrency regulation, one school
This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Benjamin Noys, a professor at the University of Chichester, in the UK, invented the term “accelerationism” for a philosophy that says technological progress should be greatly sped up. In
Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019. Ding Ting | Xinhua News Agency | Getty Images Check out the companies making headlines midday Thursday: Tesla — Tesla rose 1.6% in midday trading after Canaccord Genuity reiterated its buy rating of the electric car maker’s
Does the typical appraisal protect you from overpaying for a house? If it doesn’t, what would that mean for house prices in general? A study looked at a particular set of 8,533 houses that Fannie Mae foreclosed on from 2012 to 2015 and where two appraisals were done on each house. The first appraisals were
Bloomberg | Getty Images The average rate on the U.S. 30-year fixed mortgage is now at the lowest level in a month, thanks to a run on the bond market overnight. Investors fled to the relative safety of bonds, after the U.S. confirmed an airstrike on Iran’s highest military commander. While mortgage rates are determined
Investors are pondering if the escalated U.S.-Iran tensions that are spiking oil prices could serve as the catalyst needed to turn around the most hated sector for the past 10 years. The S&P 500 energy sector was the worst performer of the last decade, up just a measly 5% versus the S&P 500’s 180% climb
Bitmain co-founder Micree Zhan Ketuan has initiated legal proceedings to regain control of the company with the filing of a summons in the Cayman Islands. Bitmain Technologies is one of the largest crypto mining firms in the world and has been caught in turmoil since October when the company’s other co-founder, Jihan Wu, announced Zahn’s
The municipal bond market rallied to the tune of seven basis points as the first new issuance of 2020 — and the biggest slate in over two weeks — looms on the horizon. Municipal bond buyers have plenty of cash in hand and will have various options as to where to put that money to