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In this article MU ADBE SOFI IRBT NVDA SPCE Follow your favorite stocksCREATE FREE ACCOUNT Virgin Galactic’s space tourism rocket plane SpaceShipTwo returns after a test flight from Mojave Air and Space Port in Mojave, California, December 13, 2018. Gene Blevins | Reuters Check out the companies making headlines in midday trading. Virgin Galactic —
Lawmakers in South Carolina have passed a fiscal 2024 budget that mirrors closely the plan pitched by Gov. Henry McMaster earlier this year. The fiscal 2024 budget proposal leans on federal funds, better-than-expected tax collections and a drawdown on reserves to bankroll a wide array of capital work and a boost to state employee salaries.
Municipals were steady to end the week, continuing their outperformance of U.S. Treasuries. Equities were down near the close. Triple-A scales were little changed, while UST yields rose eight to nine basis points on the short end. The two-year muni-Treasury ratio Friday was at 62%, the three-year at 65%, the five-year at 66%, the 10-year
Bitcoin (BTC) is witnessing a tough battle between buyers and sellers near the $25,000 mark. A minor cause of worry for the bulls is that even the news of BlackRock having filed an application for a Bitcoin spot exchange-traded fund could not boost prices higher. This suggests that investors remain cautious due to the regulatory
The Oklahoma Turnpike Authority contends it can alter routes of statutorily authorized toll road projects as the state Supreme Court weighs the validity of bonds to begin funding a $5 billion, 15-year extension project. The state agency sought the court’s approval in August for $500 million of revenue bonds for the ACCESS (Advancing and Connecting
A pair of recent state court decisions have ruled that EMMA is not the news media for the purposes of the public disclosure bar to whistleblower lawsuits, a question that has been a key part of the defense argument of Wall Street banks accused in a series of lawsuits of conspiring to set variable-rate bond
Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the U.S. SEC, according to Bitcoin OG and educator Dan Held. Last week, the SEC sued Binance and Coinbase, accusing them of offering a number of altcoins as unregistered securities. As a result, many
Federal Reserve Gov. Christopher Waller said the central bank should not reverse course on monetary policy simply because it is having an acute impact on certain banks. During a speech delivered Friday at the Norwegian central bank, Waller pushed back against the idea that rate hikes were to blame for the failures of Silicon Valley
Florida Gov. Ron DeSantis signed the $116.5 billion budget for fiscal 2023–24, which includes a $2.7 billion tax relief package and a debt reduction package. The general revenue portion of the budget is $46.1 billion, while the state’s reserves come in at $15.3 billion, 13.2% of the total budget for the fiscal year. The “Framework
While abundant snow and rain have eased drought conditions in the Southwest, states in the region are continuing to crack down on water use and invest in future water sources to accommodate a growing population. In Arizona, which allocated $1 billion last year to protect and expand its water supply, Gov. Katie Hobbs had a
dApp Store Kit, which was initially incubated by Polygon Labs, will integrate Ready Games’ mobile game development toolkit to help developers roll out Web3 games. dApp Store Kit’s toolkit for deploying EVM-compatible DApp stores will combine with Ready Games, allowing developers to integrate Web3 on-chain support. This will include the ability to integrate wallets and
In this article MU SOFI ADBE SPCE Follow your favorite stocksCREATE FREE ACCOUNT Aircraft VMS EVE carries spacecraft VSS Unity during a flight test. Virgin Galactic Check out the companies making the biggest moves in premarket trading: Virgin Galactic — Shares soared nearly 45% in premarket trading, a day after the company said its first
Job cuts at the largest US banks this year are on course to surpass 11,000 as Wall Street contends with the worst recruitment market since the financial crisis following a pandemic-era hiring binge. Citigroup this week became the latest big US bank to announce significant job cuts, telling investors that it planned to complete 5,000
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In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Filip Radwanski | Sopa Images | Lightrocket | Getty Images Asset management giant BlackRock took the first steps Thursday to launch a spot bitcoin exchange-traded fund, which has long been a
Wisconsin lawmakers signed off on legislation that raises local government aid and empowers Milwaukee and Milwaukee County to enact a sales tax hike after months of negotiations and dire warnings over the city’s looming insolvency. Lawmakers gave final approval to the legislation late Wednesday and Gov. Tony Evers is expected to sign it. As part
Moody’s Investors Service put the Guam Power Authority revenue bonds’ Baa2 rating on review for a possible downgrade following damage from Typhoon Mawar that hit the territory in late May. Moody’s on Wednesday said the downgrade review stemmed from Mawar’s damage to the territory and “to a lesser extent to GPA’s infrastructure,” said William Oh,
Federal Reserve Bank of Atlanta President Raphael Bostic disclosed having made prohibited personal trades last year. Bostic said his account managers executed nine sales and 10 purchases on his behalf on May 2, 2022, one day before the Federal Open Market Committee was set to meet. Fed officials are prohibited from engaging in trades for
While intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise. After discovering Bitcoin, most users go down the rabbit hole and consider whether it is better to mine or buy Bitcoin directly. They usually give up due to the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack