The embattled Oklahoma Turnpike Authority will halt work on a controversial $5 billion expansion project until its access to the municipal bond market is assured. The work stoppage effective Friday comes as the OTA faces an investigative state audit, litigation by property owners opposed to the project, and legislation that would impact the selection and
The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s overall volumes. Temporary Reduction in Sale of Foreign Exchange The Russian central
Municipals were firmer in spots, while U.S. Treasury yields rose 10 years and in ahead of Wednesday’s consumer price index report. Equities ended mixed. Triple-A yields were bumped up to three basis points Tuesday while UST yields rose up to two basis points 10 years and in, moving municipal-UST ratios near their 12-month lows, according
Tens of thousands of Hongkongers who moved to the UK are being blocked from accessing as much as £2.2bn of pension assets, as activists accuse the city’s government of retaliating against those deemed “unpatriotic” following a political crackdown. The figures, released by UK advocacy group Hong Kong Watch on the eve of the first visit
In this article WHR NEM KMX UPST ARRY MRNA LC BMBL Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg | Getty Images Check out the companies making headlines before the bell Tuesday. CarMax — Shares of the vehicle retailer soared 7% on the back of better-than-expected quarterly earnings. CarMax earned 44 cents per share, beating a
In this article NYCB WGRO TSLA AKAM MHK WW WHR KMX Follow your favorite stocksCREATE FREE ACCOUNT Pipettes are seen at the Moderna Therapeutics Inc. lab in Cambridge, Massachusetts, U.S., on Tuesday, Nov. 14, 2017. Moderna this week started testing Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday
This week on The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Bitcoin (BTC) breaking through the $30,000 mark, setting a new high for 2023. He also covers Tether blacklisting a validator and whether Ethereum’s latest upgrade could bring institutional investors to Ethereum. Bitcoin hits $30K to mark highest price since June 2022 Bitcoin has
The decline in mortgage rates over the last month likely will boost U.S. home sales by more than 200,000 as cheaper financing results in more people qualifying for loans, according to Lawerence Yun, chief economist of the National Association of Realtors. “Each half a percentage point drop in mortgage rates results is an additional 200,000
An aerial view shows a flooded neighborhood in the unincorporated community of Pajaro in Watsonville, California, on March 11, 2023. Josh Edelson | Afp | Getty Images More than a decade after a U.S. mortgage meltdown threatened to destroy the international financial system, a “Big Short” investor once again sees financial disaster brewing in the
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New Jersey’s efforts to reduce long-term obligations, especially pension liabilities, resulted in good news for the Garden State, as it received a second rating upgrade ahead of next week’s sale of more than $1 billion of school bonds. Fitch Ratings raised New Jersey’s issuer and general obligation bond ratings on Tuesday to A-plus from A
ZK-rollups are the hottest thing in Ethereum right now, having seemingly appeared out of nowhere in late 2018 to fundamentally reshape the “Eth2” plan to scale via sharding alone. Zero-knowledge, or validity proof rollups, essentially perform the computations for many thousands of transactions away from Ethereum and then write a tiny cryptographic proof back to
On Apr. 11, American Bitcoin (BTC) miner CleanSpark announced that it purchased 45,000 Antminer S19 XP application-specific integrated circuit (ASIC) mining rigs for $144.9 million. CleanSpark says all units will be ready for delivery by Antminer before the end of September. The purchase is expected to add 6.3 exahash per second (EH/s) of mining power
Puerto Rico Electric Power Authority bondholders want 100% of what they are owed and the Oversight Board working on the power authority’s bankruptcy plan offers a dramatically lower repayment percentage, court filing show. In a filing late on Friday, the bondholders said even if one assumed their claim was “unsecured,” they would still have a
Low-income countries will face their biggest bills for servicing foreign debts in a quarter of a century this year, putting spending on health and education at risk. Repayments on public debt owed to non-residents for a group of 91 of the world’s poorest countries will take up an average of more than 16 per cent
In this article IMAX AMC MTDR EQT TSLA SQ PXD MU EE MSFT GOOGL AAPL 2330-TW TSM NKLA NFE Follow your favorite stocksCREATE FREE ACCOUNT A general view of Micron Technology’s building in Singapore, June 23, 2020. Micron Gcm Studio | Reuters Check out the companies making headlines in midday trading Monday. Block — Shares
Bitcoin’s (BTC) tight consolidation near its local top suggests that traders are waiting for a catalyst to start the next trending move. The consumer price data on April 12 and the producer price index data on April 13 could give insight into the Federal Reserve’s future rate hikes and shake the traders out of their
Hockey Hall of Famer Chris Chelios has listed his Malibu beach home for $75 million. The Paradise Cove property is located among some of the most desirable homes in the California beach city. About 45 minutes from Los Angeles via the scenic Pacific Coast Highway is Malibu, playground of the rich and famous and their
They are majestic and beautiful and critical to the world economy. Coral reefs, often called the “rainforests of the sea,” support roughly 25% of all known marine species. They are vital not just to sea life, but to human life. And the planet has lost half its coral reefs since the 1950s due in large