European shares followed Wall Street higher after the US Federal Reserve announced its first 0.5 percentage point interest rate rise in more than 20 years. The regional Stoxx 600 share index added 1.7 per cent in early trading on Thursday after the widely expected rate rise from the US central bank, which sparked a relief
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Yuba Water Agency officials say it’s only sheer luck that’s kept its 313,000-acre watershed in California’s Central Valley from burning. Several watersheds around Yuba’s, which suffer the same dry, overstocked conditions amid the state’s extended drought, have experienced megafires, said Joanna Lessard, the agency’s project manager for the watershed resilience and forest health program. “We’ve
Municipals were mixed as participants mostly sat on sidelines while U.S. Treasuries rallied on the short end after the Fed hiked rates a half-percentage point. Equities rallied to close the day. The 50 basis point rate hike is the steepest increase since 2000 and follows the 25 basis point rate hike in March. The bond
Holders of the popular memecoin Shiba Inu (SHIB), will now be able to use the cryptocurrency to purchase land in the Shiba metaverse. On Wednesday, the Shiba Inu team took to Twitter to reveal that the SHIB token could now be used to mint parcels of land in the recently unveiled virtual reality project “SHIB:
Terra (LUNA) price lost 31% over the past four weeks, erasing all of the gains accrued year-to-date and even though the token continues to outperform the broader cryptocurrency market by 20%, Terra is struggling to hold above the $85 support. Previously, a few bullish catalysts were Terra’s USD (UST) stablecoin flipping Binance USD (BUSD) to
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, April 6, 2022. Brendan McDermid | Reuters How do you spell “capitulation?” F-E-A-R. That’s what this market breeds, and there has been no escape from that wild bear out for your lunch. Putting it in the starkest black and white,
The Etsy website Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce company plunged by more than 12% after Etsy’s revenue guidance for the second quarter came in lighter than anticipated. The company CFO also said on the earnings call that “consumers
Dubai’s residential and ultra-luxury markets have continued their upward trajectory in 2022, with demand from international buyers resulting in high competition and several record-breaking sales. Driven Properties in Dubai is a leader in the luxury and ultra-luxury market. Founder and CEO Abdullah Alajaji recently sat down to discuss 2022 market dynamics and what’s driving the
Tim Kitchen | The Image Bank | Getty Images It’s becoming harder to afford a home. Prices are up almost 20% year over year, and mortgage rates are soaring. The rate for a 30-year fixed loan is now 5.57%, according to Mortgage News Daily, up from 3.29% at the start of the year. At the
Bitcoin (BTC) price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances. Adding to this “bearish” price action, BTC is down 16% year-to-date, which is in line with the Russell 2000s performance. Bitcoin/USD 1-day chart at FTX. Source:
The Federal Reserve raised its benchmark policy rate by half a percentage point for the first time since 2000 and sent a strong signal that it intends to increase it by the same amount at the next two meetings. At the end of its two-day policy meeting on Wednesday, the Federal Open Market Committee lifted
The CEOs of three large U.S. banks are raising concerns about a possible recession, saying the Federal Reserve has a tricky job ahead in combating inflation without sparking a downturn. JPMorgan Chase’s Jamie Dimon, Bank of America’s Brian Moynihan and Morgan Stanley’s James Gorman warned in separate interviews Wednesday that drastic interest rate hikes from
The U.S. economy will probably fall into a recession as the Federal Reserve combats multidecade-high inflation, Randal Quarles, the Fed’s former vice chair for supervision, said. “Given the intensity of inflation, the degree to which unemployment has been driven down — to bring that back into an equilibrium, it’s unlikely the Fed is going to
In this article BRK.A Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages. “Wall Street makes money, one
In this article ABNB LYFT AMD SBUX MTCH SMCI AKAM The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. Lucy Nicholson | Reuters Check out the companies making headlines after the bell: Lyft — The ridesharing stock plummeted 23% in extended trading despite reporting a beat on revenue and an
First Period houses are the timber-framed dwellings built by the 17th century settlers of the New World who relied on a medieval building style already out of fashion in the Old World. They were the building style of New England from the period following the initial settlement of the English in Massachusetts in 1620 to
In this article RDFN Some of the hottest pandemic-migration destinations also happen to be home to the hottest regional inflation rates. The relationship between migration and inflation has strengthened significantly as more people relocate from expensive coastal cities to more affordable metro areas, according to an analysis released by Redfin on Tuesday. “We saw an
sponsored Minting of NFT domains with exclusive TLDs like .chain, .metaverse, .vr, .doge, .shib, .bored is now live on the Quik’s NFT domain marketplace! Each of these TLDs has a domain minting limit ranging from 1k to 20k, and they work on a first-come, first-serve basis, so ensure that you don’t miss out on your
Aston Martin will announce the immediate departure of chief executive Tobias Moers on Wednesday, according to two people inside the carmaker. He will be replaced by the former Ferrari chief executive Amedeo Felisa, who currently sits on Aston’s board as a non-executive director, the people said. Moers will leave after presiding over a collapse in
The Puerto Rico Oversight Board submitted a proposed Plan of Adjustment for the Puerto Rico Highways and Transportation Authority and proposed a confirmation hearing for it to be held in mid-September. The board submitted the proposed plan, proposed Disclosure Statement, and three other motions concerning the legal processes on the road to confirmation on Monday