Municipal securities trading volume fell significantly over the past 15 years, led by a drop in short-term paper, while trading volumes increased markedly during months of economic uncertainty and market dislocation, a Municipal Securities Rulemaking Board analysis found. The board, in its new analysis of trading volumes and activity over the last 15-year period, singled
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S&P Global Ratings lifted the Illinois Sports Facilities Authority out from junk territory, upgrading the authority to BBB-minus from BB-plus. The hotel taxes that repay its Soldier Field bonds are on the mend and the agency is no longer putting efforts to spare Chicago’s city government from covering gaps between its tax revenue and debt
The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on May 11 as projects with any kind of association with the DeFi ecosystem have seen their prices hammered. The forced selling of the Bitcoin (BTC) holdings backing a portion of UST also influenced
The EU has vowed to retaliate if the UK rips up a post-Brexit trade deal for Northern Ireland after London’s threat of unilateral action triggered alarm in Brussels and Washington. Joe Biden appealed to the UK to show “courage, co-operation and leadership” to settle a simmering dispute that could plunge London and Brussels into a
In this article GBTC Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities and Exchange Commission last week in an effort to persuade the regulator to approve the conversion of its flagship fund into an ETF,
In this article RIVN BYND BMBL DIS Close-up detail of the Disney+ app icon on an Apple iPhone 12 Pro smartphone screen. Phil Barker | Future Publishing | Getty Images Check out the companies making headlines in extended trading. Walt Disney — Disney shares rose about 1% in extended trading after the company reported stronger-than-expected
Topline The Trump Organization finalized a $375 million deal Wednesday to sell its lease of the Trump International Hotel in Washington, D.C., according to multiple reports, after the building served as a destination for both Trump supporters and anti-Trump protesters—and netted the former president millions of dollars in revenue from visiting officials, Democrats claim. Key
In this article CWK The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021. Shannon Stapleton | Reuters Commercial real-estate services giant Cushman & Wakefield on Wednesday appealed a judge’s order that it comply with subpoenas issued by the New York attorney general’s office
The Federal Reserve Bank of Dallas on Wednesday named central-bank insider Lorie Logan as its next president, succeeding Robert Kaplan, who resigned last year following disclosures about his personal trading activity in 2020. Logan, 49, currently oversees implementation of the Fed’s monetary policy as manager of the Fed’s $9 trillion securities portfolio and executive vice
Municipal triple-A yield curves were steady Tuesday while the focus was on the primary, which kicked into gear with several large new issues out of New York, Oregon and Wisconsin pricing. U.S. Treasuries ended a bit better while munis were little changed on the day and the moves pushed muni to UST ratios higher. Ratios
The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter. VeChain (VET) is a blockchain project designed to enhance supply chain management.. The Foundation’s May 10 financial report for Q1 2022 outlines its balance
Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to $0.99. The rebound occurred a day after the token slumped over 17% to reach $0.787, its lowest level since July 2021, amid a global market crash led by the U.S. Federal
In this article SOFI Pedestrians walk by the SoFi Technologies headquarters on February 22, 2022 in San Francisco, California. Justin Sullivan | Getty Images Shares of SoFi fell sharply on Tuesday and were halted after the company accidentally released its first-quarter results early. The company said the report, which was scheduled for after market close
Shoppers inside a grocery store in San Francisco, California, U.S., on Monday, May 2, 2022. David Paul Morris | Bloomberg | Getty Images April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a
Brazey-en-Plaine is a village in eastern France’s Côte-d’Or department in the Bourgone-Franche-Comte region. Côte-d’Or takes its name from the escarpment that is the site of the famed Burgundy vineyards; hence, it is called as the “golden slope.” Besides a reputation as a wine-growing region, the area is known for its grains and potatoes, sheep and
A home is offered for sale in Chicago, Illinois. Scott Olson | Getty Images One of the leanest housing markets in history might be putting on some fat. The supply of homes for sale could increase in the next few weeks, according to new data from Realtor.com. In April, inventory was 12% lower than in
Elon Musk has said he would reverse Donald Trump’s ban from Twitter, accusing the social media company of leftwing bias that had aggravated political divisions in the US. “I think it was a morally bad decision, and foolish in the extreme,” Musk said of the lifetime ban of Trump, which was imposed soon after a
The similarity in price action between the crypto and traditional financial markets remains quite strong on May 10 as traders enjoyed a relief bounce across asset classes following the May 9 rout, which saw Bitcoin (BTC) briefly dip to $29,730. Market downturns typically translate to heavier losses in altcoins due to a variety of factors,
Treasury Secretary Janet Yellen Tuesday defended the use of big pandemic aid packages from accusations that they contribute to inflation, telling lawmakers on the Senate Banking Committee that the stimulus helped avoid what could have been another Great Depression. Yellen also said the stalled Build Back Better bill would not spark higher inflation – which
The Federal Reserve warned of deteriorating liquidity conditions across key financial markets amid rising risks from the war in Ukraine, monetary tightening and high inflation in a semi-annual report published Monday. “According to some measures, market liquidity has declined since late 2021 in the markets for recently-issued U.S. cash Treasury securities and for equity index