A “For Sale” sign outside of a home in Atlanta, Georgia, on Friday, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images Home prices cooled in January, up only 3.8% nationally than they were a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. That is down from 5.6%
After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the lateralization period between March 20 and
Market strategist Jeremy Grantham, co-founder of asset management firm GMO, has warned of “super bubbles” bursting. He explained that the Federal Reserve has “created an environment conducive to a chain-linked series of super bubbles that break with outrageously consequential, painful effects.” Jeremy Grantham’s Warnings Investment strategist Jeremy Grantham shared his U.S. economic outlook with economist
The Texas Senate last week passed what one lawmaker called “off-the-charts, historical, record, unprecedented property tax relief.” At $16.5 billion over the upcoming biennium, State Sen. Paul Bettencourt’s string of superlatives for the tax cut package appears to be justified. Cheered on by Republican Lt. Gov. Dan Patrick, who heads the Senate, the measures sailed
While Xi Jinping was being received with great pomp and ceremony in Moscow last week, Fumio Kishida was 500 miles away in Kyiv. The fact that the president of China and the prime minister of Japan paid simultaneous and competing visits to the capitals of Russia and Ukraine underlines the global significance of the Ukraine
In this article CCL PACW FCNCA COIN Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | Nurphoto | Getty Images Check out the companies making the biggest moves midday: Coinbase Global — Shares of the cryptocurrency exchange tumbled nearly 10% in midday trading, along with Bitcoin and ether, after the Commodity Futures and Trading Commission
The recent banking crisis in the United States seems to have shaken the belief of some customers in the legacy banking system. According to Federal Reserve data, customers pulled nearly $100 billion in deposits in the week ending March 15. American venture capital investor and entrepreneur Tim Draper said in a March 25 report that
Goldman Sachs, JPMorgan Chase and Fidelity are the biggest winners from investors pouring cash into US money market funds over the past two weeks, as the collapse of two regional US banks and the rescue deal for Credit Suisse raised concerns about the safety of bank deposits. More than $286bn has flooded into money market
In this article PACW FRC COIN Follow your favorite stocksCREATE FREE ACCOUNT Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Coinbase — Shares of
A nonfungible token (NFT) from the CryptoPunks collection worth 77 Ether (ETH) was sent to a burn address to be permanently destroyed. However, the collector’s intent was just to borrow some money against it to buy another NFT. NFT collector Brandon Riley added CryptoPunk #685 to his collection on March 13 by paying 77 ETH,
Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice Department, sources say. Credit Suisse, US Banks Investigated for Suspected Sanctions Violations
Wisconsin’s Republican legislative majority delivered its latest rebuke to Gov. Tony Evers’ biennial spending plan with their rejection of the Democrat’s $3.8 billion capital plan. The State Building Commission — which includes Evers, four Republican members, two Democrats, and a citizen voting member — rejected all of Evers’ line items at its meeting Thursday in
Vladimir Putin has said Russia plans to deploy tactical nuclear weapons in Belarus, marking Moscow’s latest attempt to use the threat of a nuclear war to ramp up tensions with the US and Nato over the invasion of Ukraine. Russia’s president said work would be completed on building storage units for tactical nuclear weapons in
In this article BAC DB SQ Follow your favorite stocksCREATE FREE ACCOUNT A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Deutsche Bank — The German lender’s shares tumbled 13% following a
The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence. Following the collapse of major banks such as Silicon Valley Bank and Credit Suisse, confidence in traditional
Lawmakers in Maine hoping to avoid a government shutdown at the turn of the fiscal year are working to cleave Gov. Janet Mills’ $10.3 billion biennial budget proposal in two. The state Senate’s Appropriations and Financial Affairs Committee announced on Thursday a plan to partition the governor’s proposal for fiscal years 2024 and 2025 into
Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region, allowing users to spend USDC through its network. It’s happening, folks! And let’s not forget about
A Texas House committee ditched an appropriation to potentially pay off $3.52 billion of recently issued bonds from a natural gas securitization deal, but left open the possibility for the funding’s return. Thursday’s action by the House Appropriations Committee approving its version of a supplemental appropriations bill without the funding came the same day the
Outside Zurich’s central station a statue of Alfred Escher looks proudly down Bahnhofstrasse, one of the world’s most expensive shopping streets, to Paradeplatz, the heart of the city’s financial district. Trains still trundle along the Swiss rail network that the 19th-century industrialist pioneered — but the bank he founded 167 years ago to finance its
In this article JPM WFC GME SQ Follow your favorite stocksCREATE FREE ACCOUNT Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Yana Paskova | Bloomberg | Getty Images Check out the companies making headlines