Joaquin Corbalan | Istock | Getty Images Most of the pandemic-era forbearance options for struggling homeowners have come to an end, but a pot of money allocated by Congress is still available to them. The Homeowner Assistance Fund, overseen by the U.S. Department of the Treasury, is a nearly $10 billion federal program established to
WASHINGTON — Democratic senators continued their campaign to advance the Biden administration’s Federal Reserve nominees out of the Senate Banking Committee, while Republicans argued the central bank is operating just fine without them. Amid testimony Thursday morning from Jerome Powell, chair pro tempore of the Federal Reserve, Democrats on the Senate Banking Committee assailed their
Bitcoin (BTC) bended to new macro pressures on March 4 after bulls failed to hold $42,000 for long. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Europe stocks sink on Friday open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching lows of $40,800 on Bitstamp Friday after a major options expiry event. Overnight performance, initially
Another day of losses for municipals on Thursday as U.S. Treasuries fluctuated throughout the session, equities were back in the red while another round of outflows were reported from municipal bond mutual funds. Triple-A yield curves saw three to seven basis point cuts, with the larger losses out long, while UST reversed earlier losses to
Billionaire Warren Buffett says he drinks five Cokes a day. Bloomberg | Getty Images Warren Buffett’s recent success from his massive Apple bet is spurring comparisons with the legend’s greatest investment of all time — Coca-Cola. Berkshire Hathaway began buying Apple’s stock in 2016 and amassed a 5% ownership of the iPhone maker by mid-2018 with
An employee brings a television to a customer’s car at a Best Buy store in Orlando, Florida. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Best Buy — The retail stock jumped 8% after the company announced it was raising its quarterly dividend by 26%. The move
Anchor Protocol (ANC), a DeFi platform built on Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26. ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established on Dec. 3 last year. In doing
Sunrises, sunsets, the sparkling ocean and the island of Oahu – such are the views from this 23rd-floor perch in Honolulu, Hawaii. Set atop the glass-clad One Ala Moana luxury high-rise, the nearly 5,800-square-foot penthouse features floor-to-ceiling glass walls, 12-foot ceilings and a mountain-facing lanai. The main living and dining areas, as well as the
In this article SRG Eddie Lampert, former CEO of Sears. Source: Sears Holdings Seritage Growth Properties, a real estate investment trust that was spun out of the defunct department store chain Sears in 2015, said Tuesday that it is exploring strategic alternatives for its business. The company also announced that former Sears CEO Eddie Lampert,
Municipals saw small cuts to triple-A yield curves, outperforming large losses in U.S. Treasuries, while equities rebounded from two days of large losses after Fed Chair Jerome Powell told Congress a 25-basis point hike is likely this month. Triple-A yields rose one to three basis points across yield curves while UST saw yields rise 17
In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the asset class. The wealth management company said that it was restructuring its Future Innovation Company into a brand new Digital Company, which will begin
Oppenheimer & Co. launched a municipal restructuring group Wednesday in response to a rise in high-yield municipal bond defaults as more transactions show impairments. The 18-member group will be headed by Eric Scroggins, co-head of debt advisory and restructuring, and Bill Reisner, head of public finance investment banking. Depending on the deal, the group can
A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Images Maersk, one of the world’s largest shipping container firms, said on Monday that it may suspend all deliveries to and from Russia in light of sanctions against the Kremlin following its invasion of Ukraine. The
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response, in Rayburn Building on Wednesday, December 1, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images If you want to see how tough it is to be Federal Reserve Chair
In this article DKNG FSLR F CRM JWN Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom — Shares of the department store rallied a whopping 39% after the company reported better-than-expected profits and sales for the holiday quarter. The
Investing in commercial real estate or vacation rental properties can be a consistent source of passive income and returns, not to mention growth and the potential liquidity you don’t get with owning your home. Yet the price of entry is often prohibitive to all but those who already have wealth. This was the puzzle Drew
A house’s real estate for sale sign shows an upcoming open house in Washington, DC. Saul Loeb | AFP | Getty Images Mortgage demand stalled last week, as interest rates hit a multiyear high, but that will likely change quickly. Rates are now falling fast due to the Russian invasion of Ukraine. Mortgage application volume
State and local officials defended their use of stimulus funds against Republican claims that the money has done more to stimulate inflation than the economy during a House oversight hearing on Tuesday. “Roughly one year into the pandemic, the American Rescue Plan injected a burst of resources into the national economy at a critical time,”
2021 was a roller coaster of a year for THORChain (RUNE) that saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022. Data suggests that investors could be taking a closer look at Rune
Spacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, Elon Musk. The hardware will provide access to high-speed internet for users in the country, which has been experiencing disruptions in communications as a result of Russia’s military invasion. Ukrainians Get Starlink Internet Amid Ongoing Russian Offensive Ukraine has received a