Check out the companies making headlines in midday trading. Continental Resources — Shares soared 14% after the shale company announced an all-cash buyout proposal from the family trust of billionaire founder Harold Hamm. Continental Resources said it’s yet to review the offer that would take the company private in a $25.4 billion deal. FedEx —
From sand to sea, these four multimillion-dollar homes are the epitome of a life of leisure. For secluded oceanfront privacy Located on a 51-plus-acre gated and fully-fenced estate with nearly a mile of oceanfront, this luxury five-bedroom property offers an exceptional opportunity on the Hamakua Coast on the Big Island of Hawaii. Surrounded by manicured
Chairman of the Federal Reserve Jerome Powell (left) meets with President Joe Biden in the Oval Office on May 31, 2022. Saul Loeb | AFP | Getty Images The Federal Reserve is again poised to raise interest rates in an attempt to slow down the highest inflation in four decades without pushing the U.S. economy
Following a spate of cyberattacks against local government institutions in New Jersey this year, Democratic Assemblymember Shama Haider introduced legislation on May 16 to strengthen the state’s local capabilities. Less than a month later, her own hometown of Tenafly faced a cyberattack after teachers accidentally discovered a ransomware attack in progress last week while working
The Federal Reserve is this week set to discuss whether to increase the pace of its monetary tightening in the face of worsening inflation. The Federal Open Market Committee will convene on Tuesday for a two-day gathering just days after two economic reports suggested that price pressures have become more relentless than expected. Before data
Municipals were hit hard Monday with a quarter-point selloff as munis could not ignore the continued U.S. Treasury selloff and the start of a bear market for equities as inflation-led recession fears grow. Municipals saw cuts up to 25 basis points, though some particular secondary prints pointed to larger losses. This is the largest one-day
Ethereum is plagued with criticisms of its less than optimal scaling capabilities and high gas prices. There have been talks about increasing the scaling capacity of the Ethereum mainnet for a while now. However, the Ethereum ecosystem needs a solution for scaling right now, and if Ethereum is not able to give these new applications
In this article NEWR Delmaine Donson | E+ | Getty Images Company: New Relic (NEWR) Business: New Relic is a software-as-a-service company, delivering a software platform for customers to collect telemetry data and derive insights from that data in a unified front-end application. It offers a suite of products on its open and extensible cloud-based
In this article REV ASTR COIN Amazon is “definitely a stock to own,” according to Sid Choraria, a senior portfolio manager who previously attracted the attention of Warren Buffett. Klaus-Dietmar Gabbert | Picture Alliance | Getty Images Check out the companies making headlines in midday trading Monday. Coinbase, Microstrategy — Shares of cryptocurrency-related companies sold off
As rising inflation and mortgage rates bring housing demand back from the 2021 frenzy, Realtor.com’s updated 2022 forecast predicts inventory will grow double-digits over 2021 and offer buyers a better than expected chance to find a home. Home sales will hit the second-highest level in 15 years, trailing only the 2021 pace, as rising incomes
Houses in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Homeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices
Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere. As the weekend sell-off intensifies, BTC/USD has now broken below its realized price for the first time since March 2020, data from Cointelegraph Markets Pro and TradingView confirms. Bitcoin clings to realized price At around $23,400, realized
The Oklahoma Turnpike Authority could be in the municipal market as early as December to begin funding a $5 billion, 15-year extension project that is the target of litigation after its board took action on Thursday to head to the state Supreme Court to validate the debt. Of the up to $1 billion of debt the
US stocks slid sharply at the start of trading on Monday with the benchmark S&P 500 opening in bear market territory, as a sell-off sparked by high inflation and the prospect of aggressive central bank tightening rippled across global financial markets. Wall Street’s S&P 500 index fell 2.4 per cent, pushing it more than 20
Market participants are revising their supply projections downward as rising interest rates have stymied refunding and taxable volumes and overall market volatility has held some issuers to the sidelines. The pace of issuance so far in 2022 makes it less likely the market will hit previous records seen in 2020 and 2021. BofA Securities was
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Alex Wilson, co-founder of The Giving Block — a crypto donation solution that provides an ecosystem for nonprofits and
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Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Markets are tense, and May’s hot inflation report has only worsened the situation. Last month’s consumer price index rose 8.6% from a year ago, making it the highest increase since December 1981. The reading spurred further worries about a recession and bond yields jumped on
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images The week ahead may all come down to
Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI). This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it. Note, you can push