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.
Kentucky will benefit from $74 million in federal funds from the Infrastructure Investment and Jobs Actto tackle the problems created by abandoned coal mines. The announcement came from Secretary of the Interior Deb Haaland at a press conference in the state’s capital earlier this month. “We have a once-in-a-generation investment to address these sites with
UK home secretary Suella Braverman was fighting for her political life on Monday as she was accused of breaking the law over the government’s treatment of asylum seekers. Rishi Sunak, the prime minister, was coming under increasing pressure to fire Braverman, who admitted earlier she had used her personal email seven times to handle documents
With a 75 basis point rate hike expected, analysts will focus on clues about the Federal Open Market Committee’s thought about slowing future increases. “We expect the Federal Reserve to raise the fed funds rate by another 75 basis points at the November meeting, followed by a 50 basis points hike in December,” noted Scott
Bitcoin (BTC) has hit six-week highs and held onto its gains since — is it the start of a trend change? After passing $21,000 twice over the past week, BTC/USD is still lingering near the top of its multimonth trading range. The coming week promises to provide a fresh dose of volatility thanks to the
The London Stock Exchange-listed cryptocurrency firm Argo Blockchain has warned that it’s at risk of ceasing operations due to a lack of financing. The crypto mining company Argo Blockchain continues to explore new financing opportunities after failing to raise major capital from a strategic investor, according to an announcement on Oct. 31. Argo has been
In this article FFIV TXN JNPR TKR LRN Follow your favorite stocksCREATE FREE ACCOUNT Tim Boyle | Bloomberg | Getty Images Stocks ended Friday on a positive note, but an uncertain week – with a Federal Reserve meeting – looms ahead. The three major averages notched gains for Friday’s session and were higher on the
Take a look at some of the biggest movers in the premarket: Wynn Resorts (WYNN) – Investor Tilman Fertitta has taken a 6.1% stake in the resort operator, according to a Securities and Exchange Commission filing. Wynn shares rallied 4.2% in premarket action. Petrobras (PBR) – The Brazilian state-run oil company’s shares slid 8.5% in
If you’ve ever purchased or searched for a piece of furniture from a major national retailer, you’ve probably come across the brand Four Hands without even knowing it. But don’t be fooled, Four Hands is a major name in the furniture industry earning nearly $500 million in revenue in 2021, outpacing the two previous years
In this article TRU Follow your favorite stocksCREATE FREE ACCOUNT From credit cards to mortgages, it’s suddenly a lot more expensive to borrow money. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation, with another rate hike likely on the way next week. “Borrowers are feeling
Rising interest rates in the second half of fiscal 2022 cut into New York City’s expected debt service savings, according to an annual report on the city’s finances issued Friday by Comptroller Brad Lander. “This year’s Annual Comprehensive Financial Report comes at a time of economic change and disruption in the global economy and details
Luiz Inácio Lula da Silva claimed a nail-biting victory in Brazil’s presidential election on Sunday, defeating incumbent rightwing leader Jair Bolsonaro by less than two percentage points and setting the stage for a return to leftwing governance in Latin America’s largest nation. The tight result tops off a dramatic comeback for the 77-year-old opposition leader,