China’s crackdown on mining has led miners to search for other countries to continue their operations. Promises of reduced costs led some to Argentina. However, the country’s government has now applied new rates for crypto miners in the province of Tierra del Fuego. Argentina’s Energy Secretary of the Ministry of Economy published and announced resolution 40/2022,
Month: February 2022
Former U.S. Treasury Secretary Lawrence Summers said investors need to brace for the Federal Reserve to potentially raise interest rates at all seven remaining policy meetings this year and even for it to hike by more than a quarter point in one go. “Markets have to be prepared for a rate hike in every meeting
Municipals were slightly weaker, particularly on the long end, but the asset class outperformed a selloff in U.S. Treasuries after a stronger-than-expected jobs report. January’s payrolls surged 467,000, and December’s were revised up to 510,000 from 199,000, causing Treasury yields to spike. “The inflation battle for the Fed and their monetary policy will be a
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In this article C Citi CEO Jane Fraser makes brief remarks during a meeting with U.S. President Joe Biden and fellow chief executives to discuss the looming federal debt limit in the South Court Auditorium in the Eisenhower Executive Office Building on October 06, 2021 in Washington, DC. Chip Somodevilla | Getty Images Frustration has
Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge funds crushed the market in January as a spike in volatility and a steep sell-off in growth stocks created an ideal environment for fast-money traders. Citadel’s multistrategy flagship fund Wellington gained 4.71% last month, according to a person familiar with
Traders on the floor of the NYSE, Feb. 2, 2022. Source: NYSE Thursday is the halfway point for fourth-quarter earnings season. The good news is corporate America is flush with cash. The bad news is 2022 estimates don’t look anywhere near as robust as 2021. The highlights so far: Revenues are at record highs. Corporate America
In this article QRVO SPOT ALGN QCOM FB A smartphone with Facebook’s logo is seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken October 28, 2021. Dado Ruvic | Reuters Check out the companies making headlines after the bell Wednesday: Meta Platforms — Shares of the Facebook parent plunged more
In this article MRK BIIB CAH LLY HON FB Check out the companies making headlines before the bell: Eli Lilly (LLY) – The drugmaker beat estimates by 3 cents with adjusted quarterly earnings of $2.49 per share, while revenue beat forecasts as well. Results were boosted by a jump in sales of Lilly’s Trulicity diabetes
A United States couple suing the federal tax agency over Tezos (XTZ) staking rewards taxation chose to forego a tactical victory and engage in a court battle that could eventually result in policy change. Joshua and Jessica Jarrett, who run a node on the Tezos network (thus “baking” new blocks, in the ecosystem’s lingo), have sued
Solana (SOL) became one of the worst performers among the top cryptocurrencies on Feb. 3 as traders assessed its links with the second-biggest hack to date. $325M worth of wETH gone SOL price dropped by 5.50% to below $96.50 as Wormhole, a bridge between Solana and Ethereum blockchains, reportedly lost $325 million worth of Wrapped
The bathroom is a very intimate place. In the very contradictory world of sexy technology countering the fear of hyper surveillance, the bathroom seems like the last and final place for the internet of things to hang its towel. So, it’s rare for homeowners to chat about what happens between the four walls of the
Falling interest rates and the pandemic are the top two reasons for house prices skyrocketing over the last year and a half but there’s another reason no one talks about. Today’s technology simply makes it easier for house prices to increase when buyer demand increases. An economist would say single-family houses now have a higher
lvcandy | DigitalVision Vectors | Getty Images Sales of real estate in the metaverse topped $500 million last year and could double this year, according to investors and analytics firms. Real estate sales on the four major metaverse platforms reached $501 million in 2021, according to MetaMetric Solutions. Sales in January topped $85 million, the
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images Mortgage rates continued to surge higher last week, and that brought borrowers out of the woodwork, looking to refinance.
India’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The digital rupee will also revolutionize the fintech sector by creating new opportunities and lessening the burden of handling, printing, and the logistics of cash management, the prime minister reportedly explained. India’s Prime Minister Modi Sees Benefits of
Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established a $100 million fund dedicated to NFT creator
Municipals were better across the curve with the largest bumps out long Wednesday, moving the 30-year down 11 basis points in two days, while U.S. Treasuries were slightly better and equities saw modest gains. Triple-A benchmarks saw yields fall one to seven basis points while UST were better by one to two basis points. Ratios
WASHINGTON — A weekslong onslaught of Republican opposition to two of the Biden administration’s Federal Reserve nominees — Sarah Bloom Raskin and Lisa Cook — tees up a contentious confirmation hearing on Thursday. Saule Omarova, the White House’s pick for comptroller of the currency who ultimately withdrew, faced similar blowback in the fall. But Senate
Illinois would pump up now near-empty rainy day fund, pay more of its bills down, bolster scheduled pension contributions, and provide one-time tax relief under budget plans Gov. J.B. Pritzker laid out Wednesday. The state expects an additional $2.2 billion of revenue, about 5% of general funds, in fiscal 2022 and another $2 billion in
Efforts to capture a fixed share of California’s budget for water infrastructure will continue despite the failure of a ballot measure campaign. As the More Water Now campaign announced Tuesday it had failed to secure the needed 1 million signatures for the Water Infrastructure Funding Act of 2022 by the deadline, Assemblyman Devon Mathis, R-Visalia,
Municipals ended the month in the red but yields rose only a basis point or two on most triple-A scales on Monday while U.S. Treasuries were also softer and equities rallied hard. Triple-A benchmark yields rose slightly as did UST, keeping muni to UST ratios in a higher range. The municipal to UST ratio five-year
Yield Guild Games (YGG) has raised $1.45 million to support people affected by December 16’s Typhoon Odette in the Philippines, with nearly $1 million already dispersed to people in need. The funding was used to purchase essential goods like medicines, power generators, and canned food, which were turned over to the Philippine Army and Navy
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