Minority communities have been the hardest hit financially by the current spike in consumer prices and housing costs, with high percentages of Black, Latino and Native American families reporting serious financial problems and even threats of eviction, according to a survey published Monday by the Harvard T. H. Chan School of Public Health, NPR and
Month: August 2022
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Consumer confidence in the housing market dropped to the lowest level since 2011, as both prospective buyers and sellers have become more pessimistic, according to a monthly survey released Monday by
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Cook County, Illinois, heads into the market this week with two deals totaling nearly $500 million that will benefit from an outlook from boost from Moody’s Investors Service over its healthy fund balances. The $215 million sales tax transaction pricing Tuesday offers two tranches to refund outstanding debt and take out a credit line that
Barstool Sports founder Dave Portnoy has watched his investment in SafeMoon (SAFEMOON) crash by over 94%, proving to crypto enthusiasts that he is, in fact, capable of hodling during the bear market. The stock trader and media personality took to Twitter Monday to lament his $40,000 investment in the meme coin, which has fallen to
According to an igaming expert, Keane Ecclestone, crypto casinos are increasingly popular with bettors that value their privacy and security. While some perceive crypto casinos to be riskier than traditional online gambling platforms, Ecclestone believes bettors can play safely by choosing casinos that avail their licensing information. Bettors can also minimize risks by choosing crypto
It was a steady start to the week, with municipal triple-A yield curves little changed, U.S. Treasuries took a break from last week’s volatility to close out firmer across the curve while equities were mixed. Muni-UST ratios on Monday were at 61% in five years, 81% in 10 years and 97% in 30 years, according
Boris Johnson has rejected calls to draw up an emergency response to the cost of living crisis during his final weeks as prime minister, with Downing Street insisting big fiscal decisions must be taken by his successor. The CBI employers federation on Monday joined calls by Gordon Brown, former Labour prime minister, for Johnson to
In this article ARCB ABNB CRUS PINS MPWR The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. Charles Platiau | Reuters Economic data and earnings reports have been dictating the pace of the market as investors search for hints on
An employee checks out a customer at Paulina Meat Market in the Lakeview neighborhood in Chicago, Illinois, June 28, 2022. Bianca Flowers | Reuters Employers likely added fewer jobs in July, but the monthly employment report is still expected to show a robust pace of hiring that should edge lower in coming months. Economists expect
The United States jobs data on Aug. 5 was above market expectations, indicating that inflation has not cooled down. The strong numbers reduce the possibility that the U.S. Federal Reserve will slow down its aggressive pace of rate hikes. After the release, the likelihood of a 75 basis points hike in September has risen to
A vacation home that Justin Bieber rented for two weeks in 2015 at $10,000 per night for his entourage is headed to the auction block August 15 with a $5.99 million reserve, meaning the minimum price the seller is willing to accept for the home. Currently listed for $9.95 million, the property is one of
Firefighters pull up to a burning house during the Kincade fire in Healdsburg, California, on Oct. 27, 2019. Josh Edelson | Afp | Getty Images As climate change threatens the U.S. with more natural disasters, it’s becoming increasingly costly for Americans to insure their homes — and it’s only expected to get worse, according to
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The Senate is set to take action Saturday on a newly inked budget reconciliation bill that continues to lack municipal market priorities but includes climate and energy provisions that issuers support. Under a deal struck to gain the vote of Sen. Kyrsten Sinema, D-Ariz., the bill now features a slightly revised 15% corporate minimum tax
The indictment of former Puerto Rico Gov. Wanda Vázquez on bribery charges damages the reputation of her political party, according to some analysts, but since her party is the only one advocating statehood for the island, the pain may be limited. Still, the arrest should have no impact on how long the Puerto Rico Oversight
The UK government’s Covid-19 venture capital fund has been mostly invested in what one director overseeing the portfolio called “zombie businesses”, leaving it with “a significant tail of dormant companies”, according to documents seen by the Financial Times. The Future Fund, a £1.1bn portfolio set up by then-chancellor Rishi Sunak and managed by the state-owned
In this article BRK.A An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway‘s operating profits jumped in the second quarter despite fears of slowing
Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block
Many real estate analysts are forecasting U.S. house prices to fall because mortgage interest rates have risen so much. Some are expecting small declines, others, large, but most mention that house prices are “sticky” on the downside and because of that they don’t expect prices to start falling until many months after house sales have
There’s a lot of speculation lately about whether the U.S. is officially in a recession. Both President Joe Biden and Federal Reserve Chair Jerome Powell said we’re not there just yet, pointing to the strong labor market and rising wages. The official declaration typically comes from the National Bureau of Economic Research, and it has
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A budget impasse that’s left Trenton, New Jersey, without an approved budget well into the new fiscal year continues, despite a recent brush with default. Beset by political rivalries, the state capital’s seven-member City Council, which must approve annual spending according to local law, has as of yet failed to produce the majority vote necessary
Cryptocurrencies have failed to break the $1.1 trillion market capitalization resistance, which has been holding strong for the past 54 days. The two leading coins held back the market as Bitcoin (BTC) lost 2.5% and Ether (ETH) retraced 1% over the past seven days, but a handful of altcoins presented a robust rally. Crypto markets’
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto fundraising hits $30.3B in H1, outpacing all of 2021:
The Ontario City Council approved a sales tax measure Tuesday for the November 8 ballot to fund $1.2 billion of infrastructure projects, and other local governments in California are expected to take similar steps. The November midterms are expected to be particularly popular this year for tax and bond measures among cities, counties and school
Western capitals are increasingly alarmed about the deepening economic co-operation between Turkey’s president Recep Tayyip Erdoğan and Vladimir Putin, warning of the mounting risk that the Nato member state could be hit by punitive retaliation if it helps Russia avoid sanctions. Six western officials told the Financial Times that they were concerned about the pledge
In this article SPCE IRBT LYFT CVNA WBD Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama
The United States Labor market added 528,000 jobs in July, much better than the 258,000 estimate. Wages saw growth of 5.2% year-over-year and 0.5% over the month. This suggests that inflation remains high and the U.S. Federal Reserve may continue with its rate hikes in the near future. After staying in close correlation with the