Thousands of British companies are cutting economic ties with China en masse, threatening to heap more pressure on the cost of living, the head of the CBI business group has warned. Tony Danker, the CBI director-general, said chief executives were increasingly switching business links from China to other countries in anticipation of a further deterioration
The Puerto Rico Fiscal Agency and Financial Advisory Authority filed an objection to the Highways and Transportation Authority Plan of Adjustment Thursday, saying it is illegal. FAFAA, a government body, objected to the Puerto Rico Oversight Board’s HTA plan of adjustment submitted to bankruptcy Judge Laura Taylor Swain. While the Puerto Rico Oversight, Management, and
Bitcoin (BTC) hit a six-week high above $24,000 on July 29, extending its rally that picked up momentum after the United States Federal Reserve hiked rates by 75 basis points on July 27. If the rally sustains for the next two days, Bitcoin could be on target to close the month of July with gains
Municipals were steady to firmer in spots to close out a week of lackluster supply, while U.S. Treasuries were mixed and equities rallied. Muni-UST ratios on Friday were at 67% in five years, 84% in 10 years and 98% in 30 years, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the five
Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into the cryptocurrency services market. Other banks and fintech organizations
The Municipal Securities Rulemaking Board announced Friday that Meredith Hathorn will be its next chair of the board on the same day that the Securities and Exchange Commission announced the withdrawal of the board’s controversial fee proposal and the MSRB submitted a new version. Hathorn is a managing partner at Foley & Judell in Baton
July municipal bond issuance dropped 32% year-over-year, with many issuers holding back as they awaited the Federal Reserve’s latest rate hike. The smaller figure was led once again by dramatic drops in taxable and refunding volumes. Total July volume was $25.598 billion in 520 deals versus $37.573 billion in 1,013 issues a year earlier, according
New York City’s issuance of $22 million of special obligation revenue-backed bonds next week is just the latest in a series of deals that local officials hope will help address the future educational needs of a growing and increasingly youthful urban population. The bonds are slated to be priced by Robert W. Baird & Co.
Minnesota has a trio of triple-A general obligation ratings after Moody’s Investors Service upgraded the state to Aaa from Aa1 on Thursday. The rating agency cited the state’s financial condition, governance, and “high degree” of flexibility to raise revenue and adjust spending for the upgrade, which comes ahead of an approximately $591.5 million new money
Bitcoin (BTC) rallied on the back of the United States Federal Reserve’s decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell’s statement as more dovish than the previous FOMC committee meeting, suggesting that the worst moment of tight economic policies is behind us. Another positive news for risk assets
Marlies Jakob was one of dozens of ordinary Germans who took part in a phone-in show on Deutschlandfunk radio last week about sanctions against Russia. Her intervention should alarm policymakers from Paris and Brussels to Berlin. Jakob said she was prepared to take cold showers and wear three sweaters in winter if that would stop
In this video, we will be talking about a few tips and wisdom nuggets on how to grow your small account. Growing a small account is a bit different from a large account. I have already filmed tips on growing small accounts and in this video, we will go a bit deeper. Check out my
Tracey Ryniec and Neena Mishra take a look at two highly ranked stocks. WW: https://www.zacks.com/stock/quote/WW?cid=CS-YOUTUBE-FT-VID Target: https://www.zacks.com/stock/quote/TGT?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
As per your requests David will take us through a review of Fibonacci Retracements – one of the most common and trusted indicators used by Forex and stock traders alike. Based on the work of an 11th century mathematician and found in many places in nature, this method has a loyal and numerous following. But
KPMG has accused the management of collapsed UK outsourcer Carillion of concealing information from its auditors and of doctoring financial documents provided to the firm to make them more “audit friendly”. The Big Four firm denied it was responsible for £1.3bn of losses claimed from it in a negligence action by liquidators for Carillion, which
Bitcoin (BTC) saw fresh volatility after July’s final Wall Street open as highs north of $24,000 remained solid resistance. Resistance strikes BTC at $24,000 Data from Cointelegraph Markets Pro and TradingView reflected bulls’ continuing struggle as BTC/USD lurched around the $24,000 mark on July 29. The pair had attempted to match the week’s local top of
On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after the 18 MW increase boosted the computational power by 200
Former Treasury Secretary Lawrence Summers said he was concerned the Federal Reserve is still engaging in “wishful thinking” about how much it will take to bring inflation down from four-decade highs. “Jay Powell said things that, to be blunt, were analytically indefensible,” Summers said on Bloomberg TV. “There is no conceivable way that a 2.5%
In this article ROKU AMZN AAPL People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Friday. Amazon — Shares of
As environmental disclosure becomes increasingly important to municipal investors, a new snapshot of U.S. cities sheds light on hundreds of infrastructure projects planned by the cities to mitigate climate exposure. The U.S. Infrastructure Snapshot Report is produced by nonprofit CDP, which runs an annual environmental disclosure platform for companies, cities, states and regions. The report