State and local governments are poised to withstand some of the Omicron-related economic damages thanks to more robust rainy day funds and billions of unspent federal aid, industry experts believe. “It’s continuing, unfortunately, and we’re in the middle of another surge right now,” said Eric Kim, senior director at Fitch Ratings, at the Volcker Alliance
Bitcoin (BTC) fell close to $34,000 on Jan. 21, which reflects a 50% decline from the $69,000 all-time high made on Nov. 10, 2021. Altcoins also could not buck the trend and faced intense selling pressure, which pulled the total crypto market capitalization to $1.6 trillion, a 46% decline from its November 2021 all-time high
All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for a single reason: There was a rise of projects that copied and pasted Bitcoin’s source code. The cryptocurrencies in the early stages weren’t unique enough to have a distinctive term, so “altcoin” (alternative coins) best fit their description. The community, at that point,
Justin Brannan will head the New York City Council Finance Committee, Speaker Adrienne Adams announced. “My charge is to make sure we are spending wisely, safeguarding our city’s financial future, and fortifying the city’s social safety net for New Yorkers who need it most,” Brannan, a hardcore punk rocker before turning to politics, said when
In this article VRNT AMZN TSLA VMW WMT VMware at the NYSE, Dec. 14, 2021. Source: NYSE Stocks have had a rocky start to 2022, and further turbulence could be ahead for investors. That’s because the current macro environment has been one of the most volatile in recent memory. Inflationary fears, labor shortages and the
In this article DIS PTON NFLX INTC Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Netflix – Shares of the streaming giant tanked 21%, on pace for their worst day since July 2012. The steep sell-off came after Netflix admitted that streaming competition
There is no shortage of scenic beauty to be found along the coast of the island of Maui. For roughly 120 miles, shores of white, black and red sand beaches run into the powerful waters of the Pacific—some public, some sacred, but all intensely sublime. There’s the western coast with its famed resorts, the eastern
In this article ABNB Airbnb co-founder and CEO Brian Chesky told CNBC on Friday that a post-Covid pandemic future of flexible living and working arrangements will be a boon to the company. Chesky, who is on a nationwide tour of Airbnb stays in an effort to “improve the experience” for customers, said he expects sustained
Maryland’s beleaguered Purple Line light rail project is set to tap the market with up to $700 million of private activity bonds marking a fresh round of financing to restart the long-delayed public private partnership. Purple Line Transit Partners, the private concessionaire overseeing the project, is poised to price the PABs in “coming weeks” as
El Salvador bought the dip as the price of bitcoin plunged to a record low. President Nayib Bukele said Friday that his country has purchased 410 more bitcoins. The Salvadoran government has bought a total of 1,801 bitcoins since the cryptocurrency was made legal tender in the country. El Salvador Buys the Dip The president
Puerto Rico bankruptcy Judge Laura Taylor Swain approved qualifying modifications to Puerto Rico Infrastructure and Finance Authority and Convention Center District Authority debt that included deep cuts to outstanding bonds. Swain issued her orders and findings of fact and conclusions of law on Thursday, affecting $1.9 billion of PRIFA bonds and $384 million of CCDA
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Brenda Gentry, a former USAA mortgage underwriter from Texas, believes that the cryptocurrency ecosystem offers a fighting chance to overcome the generational curse of poverty. Gentry, a.k.a. MsCryptoMom, left her decade-long job as a banker to pursue a full-time crypto career as her initial investments from early 2020 confirmed the “unprecedented opportunities offered by crypto.”
In this article DAN Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Company: Dana Inc. (DAN) Business: Dana provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and Asia Pacific. It offers sealing solutions, thermal-management technologies, and digital solutions
Traders on the floor at the NYSE, Jan. 13, 2022. Source: NYSE Market turbulence is likely to continue in the week ahead as the Federal Reserve meets and the biggest of big tech —Apple and Microsoft — report earnings. Stocks on Friday were closing out their worst week in months, with big losses in technology
The kitchen might be the heart of the home, but the bedroom is where we probably spend the most time, hopefully at least eight hours a day. While so much emphasis has been placed on home offices and outdoor space due to the pandemic, it might be surprising that a major bedroom refresh would probably
The past year may have been a wild ride for potential homebuyers, but reports indicate that the housing market in 2022 could be even more competitive. New listings are currently at a record low, according to Redfin and Zillow. In fact, at the end of 2021, there were 19.5% fewer homes listed than at the
The White House is urging cities and towns to set up infrastructure coordinators to take advantage of the Infrastructure Investment and Jobs Act. White House Infrastructure Coordinator Mitch Landrieu, speaking Friday at the U.S. Conference of Mayors’ winter meeting, said local officials should appoint advisors and task forces to coordinate with state and federal agencies
Blockchain-based play-to-earn (P2E) gaming had a breakout year in 2021, and as the cryptocurrency ecosystem evolves in 2022, the P2E gaming sector and those that invest in it will need to consider what the next steps are. During bull markets, vaporware, speculation and euphoria can lead to unrealistic valuations and expectations, and this appears to
The University of Michigan’s healthy balance sheet puts it in a strong fiscal position to manage the cost of a $490 million legal settlement for abuse allegations against a former sports doctor, but it’s too early to assess whether its top ratings will escape future fallout. Rating agency analysts will have their eye on more