One of the key reasons renters are getting caught in the crossfire of the mortgage rates is that it is increasing rental demand, said Oliver Knight, head of residential development research at real estate firm Knight Frank. Oscar Wong | Moment | Getty Images LONDON — Mortgage rates are soaring in Britain, and many are
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Municipals were weaker in secondary trading to start August as several large deals took focus in the primary market. Munis slightly outperformed Treasury losses as the first round of August redemptions buoyed the market. Equities ended mixed. Triple-A yield curves were cut three to six basis points, depending on the scale, while UST yields rose
On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language. The price of CRV dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. On the next day, the decline in CRV continued to
Municipal bonds issued for the American Dream mega mall that are backed by New Jersey economic development grants are poised to miss their third straight interest payment Tuesday, according to a person familiar with the matter. The payment due Aug. 1 won’t be made, said the person, who requested anonymity because the information hasn’t been
UK house prices have dropped by the largest amount in 14 years, according to fresh data from Nationwide. Prices for July fell 0.2 per cent on the previous month and 3.8 per cent on the same month last year, the largest fall since 2009, the Nationwide house price index showed. The average cost of a home in the UK is now
Decentralized finance (DeFi) platform SushiSwap is set to integrate with the growing blockchain protocol, Core, tapping into the protocol’s unique consensus mechanism to provide a broad set of DeFi services to its cross-chain functionality. The integration is touted to increase the possibilities for developers building within the Core ecosystem, with decentralized applications built on the
In this article SBAC YUM WDC ANET LSCC RMBS MPWR Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past Yum! Brands Shanghai, China Bloomberg | Getty Check out the companies making headlines in extended trading. Yum China — The restaurant franchiser’s shares fell 3.4% following its mixed second-quarter results. The company announced 47 cents in
When moving into a new home, adding items to the bathroom that provide texture and warmth – as well as functionality – can make this space feel more personalized. Whether it’s a new apartment or a new house, high quality bathroom accessories can add the finishing touches to make the space feel less generic, and
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Country Garden canceled its share placement shortly after midnight, a report by IFR revealed, citing bookrunner JPMorgan. Future Publishing | Future Publishing | Getty Images Hong Kong-listed shares of Country Garden fell 5.06% on Tuesday, following multiple reports that the Chinese real estate developer had scrapped its
Municipals were lightly traded and mostly steady Monday while U.S. Treasuries were slightly firmer from Friday’s levels and equities closed in the black. With muni returns in positive territory to end the month and supply down 8% for the month and 16% for the year, the calendar flips to the final month of the muni
A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled liquidity of 1,034 Ether (ETH), worth approximately $1.9 million, from the market, according to social media reports and blockchain data. The developer for BALD denied making any market sales of the coin, stating that they “only added/removed 2 sided liquidity and
Issuers have had to become creative to derive interest cost savings in the years since the Tax Cuts and Jobs Act of 2017 eliminated the tax-exempt advanced refunding option. A clear successor has yet to emerge, but rising interest rates, falling prices and fluctuating relative value prompted issuers to consider tender offers as a way
UK mortgage approvals rose unexpectedly in June, despite further increases in interest rates. Bank of England statistics showed net mortgage approvals for house purchases rose to 54,700 from 51,100 the previous month, while approvals for remortgaging rose to 39,100 from 34,100. Analysts had expected the housing market to slow in a month when stubbornly high
Authorities in the town of Miri on the island of Borneo shut down an illegal cryptocurrency mining operation and seized equipment following a tip-off from the public. According to local news outlet The Borneo Post, Sarawak Energy discovered the operation, which included 34 cryptocurrency mining servers operating using stolen electricity through cable tapping. Authorities seized all
In this article IBM MS Follow your favorite stocksCREATE FREE ACCOUNT Scott Mlyn | CNBC While many growth stocks have recovered this year, investors continue to look for attractive dividend picks that can offer steady income and the potential for long-term capital appreciation. Here are five dividend stocks worth considering, according to Wall Street’s top
A Southwest Airlines aircraft at a gate at AustinBergstrom International Airport (AUS) in Austin, Texas, US, on Thursday, Feb. 16, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Check out the companies making headlines in early morning trading. Southwest Airlines — The carrier slid 6% premarket after reporting a mixed financial update early Thursday. Southwest
The ancient Greek historian, Herodotus, is attributed with the quote, “The end is not obvious at the beginning.” Known as the “Father of History,” Herodotus was born in the year 484 B.C. in the city of Halicarnassus, or what is now modern-day Bodrum, Turkey. Were the historian miraculously able to once again visit this dazzling
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images The Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The Chinese government
The Municipal Securities Rulemaking Board has voted to move ahead with its controversial amendments to Rule G-14 on trade reporting, changing the trade reporting window to one minute from 15 minutes. That was approved during its quarterly board meeting that took place July 26-27, during which the board also approved a new $47 million budget
Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher. Bitcoin’s consolidation has pulled its market dominance to 48% from