2022 was a tough year for crypto, and November was especially hard on investors and traders alike. While it was incredibly painful for many, FTX’s blowup and the ensuing contagion that threatens to pull other centralized crypto exchanges down with it could be positive over the long run. Allow me to explain. What people learned,
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The LGBTQ social networking platform Grindr puts on a public show outside of the New York Stock Exchange (NYSE) as the company goes public following its merger with special purpose acquisition company (SPAC) Tiga Acquisition Corp. on November 18, 2022 in New York City. Spencer Platt | Getty Images Traders, bank workers and tourists weren’t
Municipals were steady to firmer in spots Friday ahead of a holiday-shortened week and a light new-issue calendar. U.S. Treasuries closed out weaker and equities ended the week with small gains. Triple-A yields were little changed to bumped by up to four basis points, depending on the curve, while U.S. Treasuries saw yields rise by
Triple Five, owner of the American Dream mall in New Jersey, has struck a deal with a group of creditors led by JP Morgan that grants the developer a four-year extension on overdue construction debt. The agreement has the potential to ease pressure on $1.1 billion of tax-exempt bond debt taken on separately to finance
Peathegee Inc It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “typical home,” Redfin reported this week. That’s 45.6% higher than the $73,668 yearly income needed to cover the median mortgage payment 12
Bob Pisani’s book “Shut Up & Keep Talking” CNBC (Below is an excerpt from Bob Pisani’s new book “Shut Up & Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange.”) In 1997, just as I was becoming on-air stocks editor for CNBC, I had a telephone conversation with Jack
Despite the impact from Hurricane Ian in Florida, the state’s labor force increased by 36,000 in October with Florida’s private sector adding 35,000 of those jobs. This was the 30th straight month that jobs were created in Florida, while private-sector job growth has exceeded the national pace for the past 19 months, the Department of
Evidence shows that the states are collecting and spending more money due to federal action and a tax collection boon, a trend that started two years ago. “Over the past two years total state spending has been heavily impacted by federal COVID-19 aid and rising state tax collections,” said Brian Sigritz, director of State Fiscal
Construction will begin early next year on a public-private partnership to build a $4.2 billion terminal at John F. Kennedy International Airport after the team locked in financing and federal environmental approvals this week. “This has been a long and difficult road,” said Port Authority of New York and New Jersey Executive Director Rick Cotton
In this article PANW DKNG GPS FANG COIN WSM RENT Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue.
The Port of Los Angeles in conjunction with the Port of Long Beach may have lost its ranking as the busiest port in the U.S. over the past few months, but that hasn’t hurt its ratings. S&P Global raised the port’s revenue bond rating to AA-plus from AA on Nov. 4, citing strong finances and
Britain is entering a “new era of higher taxation”, combined with strained public services and the longest stagnation in real wages for more than 200 years, two leading think-tanks said on Friday. Publishing their analyses of Jeremy Hunt’s Autumn Statement, the Institute for Fiscal Studies and the Resolution Foundation said the chancellor was dealing with
In this article WSM GPS 9618-HK FL Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker shares soared 14% in the premarket after beating top and bottom line estimates for its latest quarter. The apparel and footwear retailer also raised its full-year forecast
Today, we’re really focusing on your trading plan. It’s just going to be a basic overview for those of you that are getting started but if you still struggling to move forward in the stock market then potentially you have the wrong plan and you’re focusing on the wrong thing. If you’re still trying to
The Average Directional Index (or ADX) is a popular indicator for measuring the strength of a trend. In this video, Peter Martin provides an introduction to the indicator and runs through a number of examples using real price charts to illustrate what the three different lines on the indicator mean. He explains how you can
In this article AMAT KEYS STNE ROST GPS LYV PANW Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Gap – The retailer popped 10% after beating Wall Street’s estimates for revenue.
Municipals improved again Thursday pushing the 10-year triple-A yield firmly below 3% while inflows into municipal bond mutual funds returned after 14 consecutive weeks of outflows. U.S. Treasuries saw losses and equities ended down after Federal Reserve officials tempered expectations of a slowdown in rate hikes. Triple-A yields fell by three to six basis points,
A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starting to cool off along with the rest of housing. Rents are still higher than they were a year ago, but the gains
Inflation, rising interest rates and increasing construction costs are weighing on the implementation of the Infrastructure Investment and Jobs Act. Some projects that were budgeted and started at the beginning of the inflation spiral are now in jeopardy. While the IIJA provides billions of grant dollars, municipal experts say hurdles remain for state and local
Major cryptocurrency exchanges continue to carry out measures in the aftermath of FTX collapse, now halting deposits in Solana-based Tether (USDT) and USD Coin (USDC). Binance announced on Nov. 17 that deposits of Solana-based USDT and USDC have been “temporarily suspended until further notice” on the platform. The exchange referred to the tokens as “USDT (SOL)”