Share to Facebook Share to Twitter Share to Linkedin Far East Organization—controlled by billionaire brothers Robert and Philip Ng—in partnership with Japan’s Sekisui House submitted the highest bid of S$320.8 million ($226 million) for a suburban residential site in the prime Upper Bukit Timah neighborhood in western Singapore. The duo’s offer was higher than the
Month: November 2022
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Getty Images Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens. The bank had about 18,000 loans in its retail origination pipeline in
A report co-produced by the National League of Cities and The Public Finance Initiative expected to be issued Nov. 17 will address if and how bond issuers can help correct racial injustice. The report, work on which was announced in January, was funded by a $4 million grant from the Robert Wood Johnson Foundation. The
Banks and building societies will cut the costs of UK fixed-rate mortgages after financial markets pared back their expectations of future rises in the Bank of England’s main interest rate, brokers and lenders have predicted. Mortgage brokers said the current high costs of fixed rates were set when markets had expected aggressive future rises in
Municipals were weaker in secondary trading Thursday as a $1 billion-plus deal from the City and County of Denver took focus in the primary and mutual funds outflows grew by another $2.4 billion. U.S. Treasury yields rose, with the two-year seeing the greatest losses, and equities ended in the red as markets continue to digest
Welcome back to the day two coverage of Web Summit, one of the leading tech conferences in the world, with over 71,000 attendees on day two. The summit is live in Lisbon, Portugal, after two years. The summit is known to bring together some of the most prolific personalities from the tech world together and
Bob Pisani, CNBC Scott Mlyn | CNBC Thinking of writing a book? You might want to reconsider. On Monday, a federal judge blocked Penguin Random House’s proposed purchase of Simon & Schuster, agreeing with the Justice Department that joining the two giant publishing houses would lessen competition for top-selling books. As an author, I agree
A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images While Washington is consumed with the elections next week, the Securities and Exchange Commission is continuing to consider numerous rulemaking proposals that could significantly increase the reporting and disclosure
In this article PTON UAA QSR-CA Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Restaurant Brands (QSR) – The parent of Burger King, Tim Hortons and Popeyes saw its stock rally 4% in premarket trading after the company reported better-than-expected quarterly results. Same-restaurant sales jumped 14%, well above
From above, this mountain home resembles a four-pointed star poised atop a ridge line in the foothills of northwestern Boulder, Colorado. But sheltered by the vaulted turquoise roofs is an evolving architectural showplace. Originally built in 1993, the modern house has been reimagined three times under different owners by E.J. Meade of Arch11 with the
The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes. The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point increases in June, July and
The Puerto Rico Oversight Board said it has lined up an impaired class to support a potential Puerto Rico Electric Power Authority restructuring deal, as legally required, but some were skeptical. One impaired class must vote for a PREPA plan of adjustment under the Puerto Rico Oversight, Management, and Economic Stability Act for U.S. District
Elon Musk has drawn up plans to fire as much as half of Twitter’s 7,500-strong workforce, according to people familiar with the matter, in a major cost-cutting overhaul that could come by the end of the week. The billionaire is looking to cut around 3,700 jobs at Twitter after his $44bn buyout of the social
America’s love affair with the car won’t be disrupted by recent high-profile infrastructure and climate bills. Driving-related programs like electrifying cars and improving roads receive 66% of transportation-related funding in the Bipartisan Infrastructure Law and the Inflation Reduction Act, according to a Nov. 1 Brookings Metro analysis. Outside of driving-related programs, however, the bills offer
Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-principle approval for a major payments institution license, allowing it to issue cryptocurrencies and facilitate domestic and cross-border payments, while Paxos received its license to offer digital payment token
I want to cover the concept of fear as well as greed. These to forces really oppose one another. When the market is in fear, the market is usually tanking and going down. When the market is in greed state the market is skyrocketing or going up. So these two forces are always going back
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The world’s largest bitcoin options exchange, Deribit, was hacked for close to $28 million, according to an update from the company’s official Twitter account on Nov. 2. Deribit says that the firm’s hot wallet was drained just before midnight the day prior. Crypto Derivatives Exchange Deribit Loses $28 Million — Company Says Customer Funds Are
In this article INTU MTCH AMD ABNB Follow your favorite stocksCREATE FREE ACCOUNT 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 Check out the companies making headlines in extended trading. Airbnb — The lodging stock
As November begins, analysts are busy dissecting the major market movements that occurred in October. While Bitcoin (BTC) stayed relatively unchanged with only 5.89% growth in October, Arcane Research senior analyst, Vetle Lunde mapped out the direction the market might take in the next few months. “Uptober,” a reference to Bitcoin’s bullish historical performance in
Two-year old start-up Way will announce later today the close of their Series A round totaling $20 million with a valuation of $100 million. Tiger Global led the round with several other participants including MSD Capital, the Michael Dell–founded private investment firm which has a strong presence in the real estate technology landscape. In the
Mortgage application volume barely moved last week, falling 0.5% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Rates, meanwhile, dropped back a little bit last week, but they’re still near a 22-year high. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less)
The Connecticut Green Bank’s most recent issuance of its retail investor friendly Liberty Green Notes brought in $250,000 for green upgrades to small business energy infrastructure statewide, the bank said. The end of the sales period last week marked the fourth successful issuance by the state-affiliated bank of the pioneering credits, giving investors access to
Israel’s former prime minister Benjamin Netanyahu is in pole position to emerge victorious from Tuesday’s parliamentary elections, according to exit polls that put his rightwing bloc on course for a razor-thin majority. Polls by Israel’s three main television channels, released after voting closed, forecast that a bloc combining Netanyahu’s Likud party, the extreme-right Religious Zionism
BondLink has hired industry veteran Bill Fazioli as its first ever regional director of issuer solutions. Throughout his 35 years in the industry, Fazioli has seen a lot of innovations over the years as an issuer and municipal advisor. He said the tools that BondLink can provide issuers and investors is that next big thing
This video explores some ideas for combining indicators in order to inform your trading decisions. By utilising different indicator types, we can aim to confirm a signal from a primary indicator, or look to gain a more comprehensive understanding of what is happening with price in the market. Test and practice your strategies in real
Take a look at some of the biggest movers in the premarket: Abiomed (ABMD) – Abiomed stock soared 51.6% in premarket trading after agreeing to be acquired by Johnson & Johnson (JNJ) in a nearly $16.6 billion deal. J&J will pay $380 per share for the maker of heart, lung and kidney treatments, and will
Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s (BTC) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31. Total crypto market cap, USD (in billions). Source: TradingView The cryptocurrency market
Sean McVay is as much a superstar as the team he coached through this year’s Super Bowl win. At the age of just 36, having such success in the field is a record-breaking achievement. One of the NFL’s best coaches, McVay led the Los Angeles Rams out of 12 straight years of missing the postseason
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up.