Liz Truss, the Tory leadership frontrunner, claimed on Thursday that she can avert a recession if she becomes prime minister, on the day the Bank of England warned that Britain was facing a protracted downturn. Truss has promised immediate tax cuts if she wins the contest, and told a Sky News leadership debate that the
Stock and cryptocurrency markets on Thursday saw volatility, after experiencing fluctuations during the tensions between China and Taiwan on Tuesday and Wednesday. Major indexes like the S&P 500, Dow Jones, and NYSE have shed a few percentages today, while the global cryptocurrency market capitalization lost 2.5% in 24 hours, dropping to just above the $1.1
An Oklahoma regulatory official, who has raised concerns about the impact of the state’s first utility securitization bond sale on ratepayers, on Thursday called for an independent assessment of the pricing as three other deals are pending. Bob Anthony, one of three commissioners at the Oklahoma Corporation Commission (OCC), continued to question the July 8
An employee checks out a customer at Paulina Meat Market in the Lakeview neighborhood in Chicago, Illinois, June 28, 2022. Bianca Flowers | Reuters Employers likely added fewer jobs in July, but the monthly employment report is still expected to show a robust pace of hiring that should edge lower in coming months. Economists expect
On August 4, the head of Coinbase Institutional, Brett Tejpaul, and the vice president of institutional product, Greg Tusar, announced that Coinbase has been selected by the financial giant Blackrock to provide the firm’s Aladdin platform access to cryptocurrencies. Blackrock Chooses Coinbase to Connect Aladdin Clients to Crypto Coinbase’s institutional arm will help the world’s
Municipals were mostly steady as mutual fund inflows topped $1 billion, while U.S. Treasuries were firmer in most spots and equities were mixed near the close. Investors poured $1.094 billion into municipal bond mutual funds in the latest week, versus the $236.491 million of inflows the week prior, per Refinitiv Lipper data reported Thursday. It
Harvey, Illinois,officials are working to overcome remaining hurdles to conduct a bond exchange offer that would remove its general obligation debt from default status and honor a legal consent agreement with a group of bondholders. The Chicago suburb’s City Council recently passed an ordinance authorizing up to $36.5 million of borrowing that paves the way
Cryptocurrencies’ total market capitalization bounced from $860 billion on June 30 to the current $1.03 trillion, a 20.6% relief in five weeks. Ether (ETH) might have been the absolute leader among the largest smart contract chains, but BNB managed to gain 39% over that period. BNB token’s year-to-date performance remains negative by 43%, but the current
Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram’s nonfungible token (NFT) features. Insta-made FLOW rally Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa, the Asia-Pacific, the Middle East and the Americas. As a result,
The Bank of England on Thursday lived up to its promise to act “forcefully” to curb surging inflation, by announcing the biggest increase in interest rates for more than a quarter of a century. But while the rise in borrowing costs was no more than analysts had expected, the central bank’s intensely gloomy view of
Rushing trades can destroy your account, especially if you’re making this mistake often. Example: -If a stock goes up and down several times and you’ve missed opportunities to sell when it peaked, you may get “ants in your pants” -This can cause you to buy before the stock begins to ascend again, and it may
Kevin Matras shares his expertise on trading options and how beginners can get into the options game. Original Article: http://www.zacks.com/stock/news/216983/how-to-trade-options-for-beginners Johnson & Johnson: http://www.zacks.com/stock/quote/JNJ?cid=CS-YOUTUBE-FT-VID Simon Property: http://www.zacks.com/stock/quote/SPG?cid=CS-YOUTUBE-FT-VID Facebook: http://www.zacks.com/stock/quote/FB?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
The basic building blocks of trading. The first signs of where to buy and sell. Support and Resistance are the two most widely used indications of where to open and close a trade. David is on hand to share his wisdom about them and show you some tips and tricks on how to get the
The numbers at first seemed like a typo. Calpers, the massive California state pension fund, said its public equity and fixed-income investments had each recorded losses of nearly 15 per cent for the 12 months ending in June. Yet its private asset portfolio in private equity and real estate recorded gains north of 20 per
British taxpayers have become shareholders in a gym studio for the face, a kombucha producer and a cannabis oil company as part of a scheme set up during the coronavirus pandemic to help small businesses. One of a number of government-backed initiatives, the Future Fund scheme was launched by former chancellor Rishi Sunak in May
The sudden passing of Indiana Congresswoman Jackie Walorski and two of her staffers in a car accident Wednesday has caused an outpouring of grief among muni market advocates and representatives across the political aisle. A South Bend, Indiana native, Walorski was first elected to represent Indiana’s 2nd district in 2012 and served on the House
In this article FTNT CDAY DXC BABA QSR COIN A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves in midday trading on Thursday: Coinbase — Shares of the cryptocurrency exchange jumped about 15% after the company announced a
A Redditor made it his mission to turn the tides on nonfungible token (NFT) critics by minting a collection using the top anti-NFT comments they found on the internet. In a Reddit post, user busterrulezzz introduced the NFT collection titled Worthless JPEGs! in an attempt to bring entertainment to crypto enthusiasts while critics of the
The mining difficulty tied to the Bitcoin network increased for the first time in 57 days, rising 1.74% higher than the last two weeks. Meanwhile, Bitcoin’s hashrate has been below average as the network’s computational power is down 1.7% lower in the second quarter than in Q1 2022. After reaching 292 exahash per second (EH/s)
Sen. Pat Toomey is again demanding transparency by the Federal Reserve after learning the central bank withheld documents he and other Republicans sought related to former Fed nominee Sarah Bloom Raskin during her confirmation fight. “It’s hard not to see this as a gesture of contempt for the Senate,” Toomey, the top Republican on the