California is well-positioned to qualify for the plethora of federal broadband infrastructure money available through the $1.2 trillion infrastructure bill, according to Sen. Alex Padilla and others who spoke during an online event Tuesday. California Forward and California Emerging Technology Fund hosted the online webinar with Padilla, D-Calif., and several other speakers. The topic: what
A software rendering shows a recreation of Russia’s anti-satellite weapons test and the destruction of satellite Kosmos 1408, with the debris field in red. AGI The Pentagon called for a global halt to anti-satellite weapons testing on Wednesday, further decrying the practice after Russia’s destructive demonstration last month showered low Earth orbit with debris. “We
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Sept. 20, 2021. Michael Nagle | Bloomberg | Getty Images The market is facing a conundrum. Federal Reserve Chair Jerome Powell has thrown a monkey wrench into the investor playbook. Investors have been worried they will
An overall view of the Snowflake IPO banner on the front of The NYSE as employees of the tech company celebrate the largest tech IPO in exchange history, Sept. 16, 2020. Kostas Lymperopoulos | CSM | AP Check out the companies making headlines in after hours trading: Square — The payments company said Wednesday evening
Layer-two (L2) solutions for the Ethereum network have become a popular topic of discussion and speculation on their associated tokens backed the massive rally seen in many of the protocols this year. The parabolic growth of the decentralized finance (DeFi) and nonfungible token (NFT) sectors also led to a surge in the cost of carrying
Shopping for a new home in late November most likely gave frustrated buyers little to be thankful for as demand for homes continued to outpace supply. The number of homes for sale hit an all-time low during the week ending November 28, according to a new report from Redfin, a technology-powered real estate brokerage. During that period,
Daniel Acker | Bloomberg | Getty Images Mortgage rates rose decisively again for most of last week, causing a massive drop in mortgage demand, but on Friday everything changed with the news of the Covid omicron variant. Last week the average rate on the 30-year mortgage with conforming loan balance ($548,250 or less) increased to
Municipals were mostly steady throughout the day and the primary was the focus while U.S. Treasuries whipsawed and stocks sold off after the first Omicron case was reported in California. The Investment Company Institute reported $974 million of inflows into municipal bond mutual funds and another round of small outflows from exchange-traded funds. Treasuries ended
The US has identified its first reported case of Covid-19 caused by the Omicron variant, with health officials confirming that an individual in California had tested positive. The Centers for Disease Control and Prevention said on Wednesday that the variant was discovered in an individual who returned from South Africa on November 22, two days
Puerto Rico’s General Fund net revenues came in 17.4% ahead of Oversight Board projections in the first quarter of the fiscal year. Revenues measured on an accrual basis were also 10.4% ahead of the first quarter of the prior fiscal year, according to data released by the Puerto Rico Treasury. Puerto Rico Secretary of the
In this article AMZN GS David Solomon, chief executive officer of Goldman Sachs & Co., listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Goldman Sachs is getting into the cloud computing business. The bank is opening up access to
In this article BOX CRM The Salesforce Tower, left, and the Salesforce West office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Shares of the software giant dropped more than 6% in after
Whether it’s a candle, fragrance diffuser, or room spray, home fragrances are the unsung hero of decor. A scent can evoke a nostalgic feeling especially for the holidays, set the mood for a party, or at the very least, help mask odors from cooking, pets, and children. Candles and diffusers can also be a great
Pedestrians walk past commercial real estate in Manhattan. Michael Nagle | Bloomberg | Getty Images Stocks of the nation’s largest office REITs moved lower again Tuesday, as the office market faces new concerns over the Omicron variant of Covid. This comes on top of a new cooling in office demand, which had been improving sharply
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Municipals were stronger Tuesday as U.S. Treasuries rallied and stocks sold off on Omicron variant concerns and Federal Reserve Chairman Jerome Powell’s comments on speeding up tapering the Fed’s bond buying sooner than originally expected. It is appropriate to “consider ramping up tapering” and it will be discussed at the next FOMC meeting, when more
Jay Powell signalled his support for a quicker withdrawal of the Federal Reserve’s massive asset purchase programme, in comments that raised the spectre of earlier interest rate rises next year and exacerbated a stock market sell-off. Powell’s testimony at a congressional hearing roiled markets, which were already under pressure after the chief executive of Moderna
Global financial market took a hit on Nov. 30 after comments from U.S. Federal Reserve Chair Jerome Powell hinted that inflation and the Omicron Covid-19 variant are growing threats and that the bank’s easy money policies could end sooner than anticipated. Prior to Powell’s comments, Bitcoin (BTC) had been on the rise and the digital
Shiba Inu (SHIB), a Dogecoin-inspired meme cryptocurrency, emerged as one of the best performers across traditional and crypto markets entering the new weekly session as its price climbed by over 30% week-to-date. SHIB’s price reached $0.00005155 Tuesday after bouncing from its technical support near $0.00003560 at the beginning of this week. Its rebound signaled a
The House is expected to unveil as soon Tuesday a measure to extend government funding into early 2022 as current funding is set to expire Friday. Treasury Secretary Janet Yellen separately has warned the U.S. may hit its debt ceiling as soon as Dec. 15, putting pressure on lawmakers to raise or suspending the ceiling