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
The federal government is seeking feedback on the new Infrastructure Investment and Jobs Act and one of the act’s most high-profile sections, the electric vehicle charging infrastructure program. The pair of Requests for Information, published this week, mark the first step toward developing guidance for the $1.1 trillion package. The act features dozens of new
An aerial view of Launch Complex 39A at NASA’s Kennedy Space Center shows where SpaceX had previously started work on a Starship launchpad (bottom right corner), captured during a flyover by the Inspiration4 crew on Sept. 13, 2021. John Kraus / Inspiration4 SpaceX has begun building a launchpad for its Starship rockets in Florida, CEO
Andrew Valenzuela is helped with his application during a job fair at a Post Office in Los Angeles, California on September 30, 2021, as the US Postal Service looks to fill 40,000 seasonal-worker positions in preparation for the winter holidays. Frederic J. Brown | AFP | Getty Images The Federal Reserve is expected to move
Bitcoin (BTC) and most altcoins sold off on Dec. 4 with massive deleveraging seen in the crypto derivatives markets. Data suggests more than $2.5 billion of crypto liquidations over a 24-hour period. During the recent fall, Ether (ETH) has continued to outperform Bitcoin. While Bitcoin’s market dominance has dropped below 41%, Ether has continued to
The striking blue waters edging Camp de Mar, on the Spanish island of Mallorca, have a mesmerizing quality. The quiet resort village is known for its sun, sand, beaches and sheltered coves. It’s also a celebrity and glitterati hotspot. This modern two-house compound is set on the water with direct access to the Balearic Sea.
Daniel Acker | Bloomberg | Getty Images Home prices are still considerably higher than they were a year ago, when the pandemic caused a massive run on housing, but the gains are finally starting to ease up. Home prices rose 19.5% in September year over year, down from a 19.8% annual gain in August, according
Eric Adams has about a month before his Jan. 1 swearing in as New York mayor to prepare for his first budget presentation. While he inherits a city with roughly $15 billion in multiple rounds of emergency federal funding, better-than-expected revenue and diminished outyear budget gaps, a raft of fiscal variables will confront him at
EU and Nato allies have swung behind the Biden administration’s assessment that Russia may be poised to invade Ukraine, following unprecedented sharing of US intelligence on Moscow’s military preparations. Weeks of sustained US diplomatic engagement with European governments, backed by a sharing of intelligence normally reserved for its closest allies, have helped convince some previously