Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2021 in New York City. Spencer Platt | Getty Images It’s time for my best guesses for next year: 2022 is a year to go big and bold, because a boom is coming. Not a boom in everything, but certainly a
In this article DIDI VSCO Scott Mlyn | CNBC Check out the companies making headlines in midday trading Wednesday. Victoria’s Secret — Shares of Victoria’s Secret jumped more than 10% after the intimate apparel retailer announced a $250 million accelerated share repurchase program. The company also reaffirmed fourth-quarter guidance provided in November, including an up
Ethereum-based layer two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token MATIC at risk. According to a Dec. 29 blog post from Polygon, the “critical” vulnerability in the network’s Proof-of-Stake (PoS) Genesis contract was first highlighted by two whitehat hackers on Dec. 3 and Dec.
Telluride, Colorado, is a Rocky Mountain gem. A world-class ski resort with luxury real estate, the historic former mining town is surrounded by the towering 13,000-foot mountain peaks of the San Juan Mountains, measures about one square mile and has a population of about 2,500. Located in southwestern Colorado, Telluride has its own distinctive four-season
The Covid-19 pandemic upended the home-buying process. Historically-low mortgage rates coupled with an inventory shortage created a red hot market, with houses selling within hours of being listed, often for well over asking price. No one knows exactly what the future has in store. But housing experts tell CNBC Make It that in 2022, buyers
Municipals saw some pressure on long rates as U.S. Treasuries sold off and equities made gains. Triple-A benchmarks saw a basis point cut on bonds outside of 2035 but were largely unchanged otherwise. Ratios fell on the moves in UST. The five-year was at 46%, 67% in 10 and 76% in 30, according to Refinitiv
A new type of airdrop has been very popular during the last quarter of 2021 as quickly assembled decentralized autonomous organizations (DAOs) have been distributing lots of value to existing crypto users. Just recently, Opendao gave Opensea users an airdrop and many people accrued thousands of dollars in SOS tokens. Now, another project called Gas
When property owners in Ojus, Florida, wanted to upgradefrom septic systems to sewers, Miami-Dade County turned to Drexel Hamilton LLC to manage the municipal bond deal that made it happen. Drexel Hamilton,the investment bank 100% owned and operated by military veterans, sole managed its first deal in the municipal market space in early December —
Cargo containers sit stacked on a ship on November 22, 2021 in Bayonne, New Jersey. Spencer Platt | Getty Images Morgan Stanley said most acute supply chain disruptions are already easing and will be more fully resolved within the first half of 2022. That’s the base case the investment bank laid out in a recent
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images Cathie Wood started the year as a bona fide superstar in the rarified world of active stock picking. She ends the year
In this article VIPS BA CCL UAL Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Check out the companies making headlines in midday trading. Coinbase — Shares of the crypto exchange fell 6.9% on Tuesday as digital currencies
By now you’ve probably heard of Bitcoin. You may have heard that it’s made some people rich. You may also have heard that it’s a new form of digital money, and that it’s the future of commerce; or that it’s a criminal enterprise, and that it’s bad for the planet. The messaging is confused and
Like most metro markets around the country, Boston, Massachusetts, saw home and condominium sales stall and halt in the early months of the pandemic. Then May and June 2020 dawned and the race to the suburbs began. And the pace has not slowed as sales activity and sales price numbers continue to hit historic highs.
A worker fulfills orders at a Gorillas “dark store” in London’s trendy Shoreditch district on May 20, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — A battle to find space powering the ultrafast grocery delivery boom is pushing up rents in parts of London’s commercial property sector. Companies like Getir, Gorillas and Zapp,
The year winds down with another day of an unchanged muni market and slightly weaker U.S. Treasury market while equities were mixed. Triple-A benchmarks were left unchanged and ratios were also little changed. The five-year was at 47%, 70% in 10 and 78% in 30, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services
The cryptocurrency market slid lower on Dec. 28 as the price of Bitcoin (BTC) lost nearly $4,000 in value in a matter of hours with bulls now looking to secure support at $48,500 to prevent further losses. In the midst of the market-wide drawdown, the decentralized finance (DeFi) sector of the crypto ecosystem has offered
The Internal Revenue Service and Treasury Department’s regulation project on Libor will likely result in final guidance this coming year. Market participants expect that Treasury’s Office of Management and Budget will release the final regulation sooner rather than later. The cessation of Libor matters because existing debt and contracts may reference it, potentially impacting variable-rate
In this article GDDY Spencer Platt | Getty Images Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in shares of the web services company. The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million, according to a regulatory filing. The new stake became the biggest
In this article APA GDDY AAL AEO RL GoDaddy logo SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. GoDaddy — The web hosting company saw its shares jump nearly 9.2% following a Wall Street Journal report that activist investor Starboard Value has taken a 6.5% stake in it,
Restored and expanded for a 2020s lifestyle, this artful Midcentury Modern home in Beverly Hills’ Trousdale Estates traces its origins to a starlet and a master architect. The minimalist residence was built for Paris-born actress Corinne Calvet, who voiced Rita Hayworth in French versions of American films. She would go on to be signed by