A real estate agent shows a home to a prospective buyer in Miami. Getty Images A brief drop in mortgage rates, due to the first news of the omicron variant, caused mortgage refinance demand to rise dramatically last week. But it will likely be short-lived. The rate drop wasn’t all that dramatic when looking at
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Secondary trading saw an uptick and some pressures emerged on munis, but benchmark yield curves were little changed to weaker by a basis point in spots, again outperforming taxables. U.S. Treasuries slid further with the largest rise in yields on the long bond, and equities made gains after a mixed open. ICE Data Services and
The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google. Payment Laws in Australia to Cover Crypto Business and Big Tech Authorities
For the first time in North Carolina history, an economically unstable municipality has been dissolved. The Local Government Commission Tuesday afternoon unanimously voted to dissolve the Town of East Laurinburg as an incorporated entity. It marked the first time the LGC has used the powers it was recently granted by state lawmakers. In November the
The company’s YAM-2 spacecraft during integration for launch. Loft Orbital Loft Orbital, a space infrastructure start-up, raised $140 million in a new round of funding was led by investment behemoth BlackRock. The San Francisco-based company launched its first missions to space earlier this year, with Loft planning to use the new capital to scale its
Source: Stitch Fix Check out the companies making headlines after the bell: Stitch Fix — Shares of the online personal shopping company tanked 19% in after hours trading after reporting weak fiscal second quarter and full-year revenue guidance. Stitch Fix also missed estimates for its fiscal first quarter active customers. The company did, however, beat
The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET. Addressing the members of the Financial Services Committee, the memo confirmed that the hearing will dedicate one panel to six executives from the crypto
Though a white Christmas might be on some folks’ wish lists this year, it’s certainly not on everyone’s. While some may be willing to pay a premium to live in an area sure to get plenty of snow each year, others might be willing to pay a similar premium for none. To determine how expensive
Kaisa Group Holdings City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021 Qilai Shen | Bloomberg | Getty Images Trading in shares of Chinese real estate developer Kaisa was halted Wednesday for the second time in two months, as troubles in China’s property sector resurfaced this week. The developer had been
Municipal secondary trading was light and triple-A benchmark yields left unchanged as the large primary diverted attention while U.S. Treasuries were weaker again and equities rallied. Trading was down 18% from Monday, which was already a light day at $5.6 billion par traded, as new issues were the focus and provided some direction. The day’s
The EU has vowed to expand existing punitive measures against Russia in case of “further aggression” towards Ukraine as Joe Biden sought to deter Vladimir Putin from undertaking a military assault on the country. Ursula von der Leyen, the EU commission chief, told EU ambassadors on Tuesday the bloc would “respond appropriately to any further
Chicago heads into the market this week with an upsized $2.2 billion refinancing under its general obligation and Sales Tax Securitization Corp. credits after finalizing the results of a tender and exchange offer. “It’s roundly about $1 billion more for the results of the tender,” Chicago Chief Financial Officer Jennie Huang Bennett’s office said in
Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer on Monday warned investors that selling stocks in thin trading during the early morning premarket hours is not a sound strategy. “The selling that goes on between 4 a.m. and 4:30 a.m. in these Nasdaq names is frightening.” Cramer said on “Squawk
In this article KSS GCP MS UAL SAVE A jet from American Eagle, a regional branch of American Airlines (AA), takes off past other AA aircraft at Ronald Reagan Washington National Airport in Arlington, Virginia, December 3, 2021. Chris Helgren | Reuters Check out the companies making headlines in midday trading. Airlines — Airline stocks
Ultimate synergy is on display in the Arizona desert as Dale Chihuly marries his glass sculptures to nature and architecture at Phoenix’s Desert Botanical Garden and in Scottsdale at Frank Lloyd Wright’s Taliesin West. Open to the public now through June 19, 2022, Chihuly in The Desert showcases a remarkable confluence of American art and architecture set
In this article 3333-HK A housing complex by Chinese property developer Evergrande in Beijing. Noel Celis | AFP | Getty Images Evergrande is set to forge ahead into a restructuring that would include all of its offshore public bonds and private debt, according to analysts. The troubled real estate developer, swamped by $300 billion of
Another reversal for U.S. Treasuries and equities while municipals held steady on Monday ahead of one of the largest new-issue weeks of the year at $17 billion. U.S. Treasuries erased most of Friday’s gains and equities rallied on easing concerns over Omicron. Triple-A benchmark yields were little changed to softer in spots. This led to
New York will require all private sector workers in the city to be vaccinated against Covid-19, in what would be the strictest vaccine mandate to be imposed anywhere in the US. Mayor Bill de Blasio said on Monday the new rule would go into force on December 27 and would apply to all private companies
Bitcoin (BTC) is attempting to extend its recovery by rising above the psychological mark at $50,000, but several popular analysts believe that BTC could remain range-bound for a few weeks or even months. On-chain analytics firm CryptoQuant said that Bitcoin “whales are still depositing BTC to exchanges.” This simply indicates that whales are setting themselves
Following a near $200 million hack on the BitMart exchange, the Shiba Inu (SHIB) community and crypto exchange Huobi Global aim to help the exchange strengthen security and track inflows of stolen assets. On Dec. 5, crypto exchange BitMart became victim to a hot wallet compromise hosted over the Ethereum (ETH) and Binance Smart Chain