IBM’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell: IBM — The tech company saw its stock dropping more than 5% in extended trading following a revenue miss in the third quarter. its top two business segments —
Bullish sentiment is running high across the cryptocurrency market on Oct. 20 as Bitcoin’s (BTC) surge to a new all-time high at $67,000 thrust the digital asset into uncharted territory and investors are closely watching to see how altcoins and DeFi tokens react to the move. The DeFi sector has also benefited from BTC’s bullish
With a career as a renowned art auctioneer and founder of Los Angeles Modern Auctions, Shannon Loughery knows a valuable masterpiece when she sees one—and Loughery’s recently listed Midcentury Modern-style home in Encino is just that. Determining the value of a work of art is not so different from that of a home. Ask any
China Evergrande Group started returning a small portion of the money owed to buyers of its investment products, weeks after people protested against missed payments at its Shenzhen headquarters, pictured here on Sept. 30, 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING — China Evergrande shares briefly dropped more than 10% in opening trade
Municipal benchmark yield curves were little changed on average trading Wednesday as the primary was the focus while the Investment Company Institute reported another week of inflows into municipal bond mutual funds. There was some uncertainty and a tentative mood hanging over the market, but traders said the large deals got done. Bids-wanted lists have
Bitcoin’s (BTC) ongoing price rally above $64,000 has coincided with a substantial drop in its reserves across all exchanges. According to data provided by CryptoQuant — a South Korea-based blockchain analytics service — the amount of Bitcoin held in exchanges’ wallets dropped to as low as 2.379 million BTC earlier this week, the lowest in
Municipals were softer with small cuts to benchmarks on Tuesday as the focus was mostly on the sizable new-issue calendar and deals were repriced to lower yields. Spreads have been widening, but secondary trading was on the light side and triple-A benchmarks were cut by only a basis point in spots even as U.S. Treasury
Jens Weidmann has decided to step down after a decade as head of Germany’s central bank in a move that comes weeks after the country’s general election and shortly before a crucial decision on the future of eurozone monetary policy. Since he joined the Bundesbank, Weidmann has been one of the most vocal critics of
Starship prototype 20 is stacked on top of Super Heavy Booster 4 on August 6, 2021. SpaceX Elon Musk’s SpaceX has become one of the world’s most valuable private companies, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. Starship is the massive, next-generation rocket SpaceX is developing to be
In this article OMC IBKR NFLX UAL Mario Tama | Getty Images News | Getty Images Check out the companies making headlines after the bell: United Airlines — Shares of United added about 2% in after-hours trading following the airline’s better-than-expected financial results as travel rebounded in the third quarter. United posted a loss of
Investment Specialist, Team Denver Homes - RE/MAX Professionals. If you’ve ever binged a real estate reality TV series, you know how satisfying a before-and-after home reveal can be. With big teams and big budgets, these shows renovate, reconstruct and redesign houses to boost their resale value. It’s entertaining TV, but if you’re an average homeowner, it’s probably
A house for rent in Corona Del Mar, California. Scott Mlyn | CNBC Demand for single-family rental homes is showing no sign of easing up, and that is pushing rents through the roof, especially for the highest-priced properties. As a result, investors are now flooding into the market again, after falling back a bit during
The big cap stocks retreated at the end of 2020 as the small caps took the spotlight. Will the mega-cap FAANG stocks lead them back this earnings season?
Passing a bipartisan infrastructure bill by month end without also reaching a deal on a reconciliation measure may endanger key municipal market priorities. “Now absolutely is the time,” said Emily Brock, director of the GFOA’s Federal Liaison Center. If lawmakers do not meet the Halloween deadline to pass both the bipartisan infrastructure framework, or BIF,
Hindu nationalist group Rashtriya Swayamsevak Sangh (RSS) has called on the Indian government to regulate cryptocurrencies. “The government has to ensure that it is regulated in the larger interest of the society,” the group reportedly said. Rashtriya Swayamsevak Sangh Calls for Crypto Regulation Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh (RSS), said during his
Municipal volume for 2021 is on track to hit nearly record volume and if all goes well, next year will be only slightly below that, according to panelists Monday at The Bond Buyer California Public Finance conference. The economic uncertainty brought by the pandemic had panelist Gregory Dawley, manager of California municipal finance for RBC
The European Commission will take steps to punish Poland for challenging the supremacy of EU law, its head has vowed as she condemned Warsaw for “calling into question the foundations of the European Union”. Ursula von der Leyen, commission president, said on Tuesday that Brussels would use one of three tools to hit back at
In this article HOOD GME Rafael Henrique | LightRocket | Getty Images The Securities and Exchange Commission said online brokerages, enticed to increase revenue through the controversial industry practice of payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors. Wall Street’s main regulator on Monday released its
In this article ACI OXY SPCE ZG The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), today, Tuesday, May 4, 2021, in honor of Star Wars Day. Source: NYSE Check out the companies making headlines in midday trading. Occidental Petroleum — Shares of the energy company gained 5.7% after Truist upgraded the
The growth of layer-two protocols has been one of the major stories of 2021 as the rising popularity of decentralized finance (DeFi) and nonfungible tokens (NFT) have driven transaction costs higher on the Ethereum (ETH) network effectively pricing out many participants. Earlier this year the Polygon network, formerly known as MATIC, emerged as one of