Federal Reserve officials will discuss whether to raise rates by 50 basis points or 75 basis points when they meet next month, with the decision being determined by economic data, New York Fed President John Williams said on Tuesday. “In terms of our next meeting, I think 50 to 75 is clearly going to be
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Scotland’s first minister Nicola Sturgeon has laid out plans for the country to hold a “consultative” independence referendum on October 19 2023. Sturgeon told the Scottish parliament in Edinburgh on Tuesday that Scotland’s lord advocate had agreed to refer a bill setting up the referendum to the UK Supreme Court, to establish if it was
Municipals were lightly traded and little changed steady Monday, while U.S. Treasury yields rose and equities ended in the red. With the muni triple-A yield curve unchanged out long, and UST seeing small losses, ratios dipped below 100% on the 30-year. Muni-UST ratios were at 69% in five years, 87% in 10 years and 98%
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 16, 2022. Brendan McDermid | Reuters SPACs, once Wall Street’s hottest tickets, have become one of the most hated trades this year. The proprietary CNBC SPAC Post Deal Index, which is comprised of SPACs that have completed their mergers
In this article SAVE ETSY COIN HOOD DWAC Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Spirit Airlines — The budget airline’s shares
Bordered by the Pacific on one side and forested mountains on the other is Mexico’s Riviera Nayarit. The nearly 200-mile stretch of coastline north of Puerto Vallarta is dotted with resorts and sandy beaches. The wedding and travel destination encompasses lush rainforest, nature sanctuaries and eight golf courses. Among the towns along the shore is
A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC. Saul Loeb | AFP | Getty Images Pending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, according to the National Association of Realtors. That broke a six-month
According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia’s finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system. Russia Is Accused of
The Connecticut Green Bank is mulling another round of its climate-certified Green Liberty Bonds after initial offerings raised more than $40 million from retail investors for renewable energy projects across the state. With a marketing program that echoed the Series E war bonds sold to Americans during World War II, Green Liberty Bonds targeted the
Nato is to agree an overhaul of its battle plans to offer better protection to the alliance’s eastern flank, tearing up a model that could have meant relinquishing and then attempting to recapture the Baltic states in the event of a Russian invasion. Jens Stoltenberg, Nato secretary-general, told the Financial Times that the new military
Municipals were little changed in a quiet summer Friday session ahead of a larger new-issue calendar and the final week of a volatile month, while U.S. Treasuries were weaker and equities rallied. Triple-A yield curves were mostly flat to a basis point or two stronger in spots while UST were weaker with larger losses on
The United States equities markets witnessed a sharp comeback last week, led by the Nasdaq Composite which gained 7.5%. The S&P was up about 6.5% for the week while the Dow Jones Industrial Average managed a gain of 5.4%. Continuing its tight correlation with the equities market, the crypto markets are also attempting a relief
In this article IMO-CA SU-CA ADBE AVGO KLAC A sign on the campus offices of chipmaker Broadcom Ltd is shown in Irvine, California. Mike Blake | Reuters As the first half of 2022 winds down, investors can be certain of at least one thing: This year will likely continue to be difficult. Economic risk is
In this article MSFT SGEN ZEN BHC-CA FDX KMX Check out the companies making headlines before the bell: CarMax (KMX) – The automobile retailer beat estimates by 7 cents with quarterly earnings of $1.56 per share, and revenue that also beat analyst forecasts amid what the company called a “challenging” used vehicle market. CarMax added
Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the coming months. ETH/BTC dynamics The ETH/BTC pair’s bullish trends typically suggest an increasing risk appetite among crypto traders, where speculation is more focused on Ether’s future valuations versus keeping their
A sprawling mansion in Orlando, Florida with Disney-themed amenities and decor has come on the market for just under $15 million. The property is in the guard-gated Carolwood neighborhood of Golden Oak at Walt Disney World Resort, a few minutes away from the front gate of the Magic Kingdom. The Mediterranean-style estate at 10151 Enchanted
Puerto Rico bankruptcy Judge Laura Taylor Swain this week approved key Puerto Rico Highways and Transportation Authority bankruptcy documents and dates, moving the plan closer to confirmation with a final hearing set for mid-August. Swain filed her order Wednesday in the U.S. District Court for Puerto Rico, approving the Oversight Board-proposed disclosure statement, ballots, and
G7 leaders meeting for a summit in the Bavarian Alps on Sunday are seeking a deal to impose a “price cap” on Russian oil as the group works to curb Russia’s ability to finance its four-month war in Ukraine. The goal would be for a broad range of countries going beyond the G7 to impose
States using American Rescue Plan Act federal aid for revenue replacement could face fiscal cliffs in the years to come. That’s according to Beverly Bunch, professor at the School of Public Management and Policy at the University of Illinois-Springfield, speaking on the Volcker Alliance and Penn Institute for Urban Research’s special briefing on how states
Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an