Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stocks could carry the momentum of this latest rally into next week as investors look ahead to Friday’s jobs report. All three major indices were on track Friday afternoon to score big gains for the week, each rising higher than 5%. Both the
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Equities markets in the United States rallied sharply on May 25 and May 26 but Bitcoin (BTC) and altcoins have not followed a similar trajectory. This suggests that traders are not confident that the crypto markets have bottomed out yet. On-chain analytics firm Glassnode said that the number of Bitcoin whales has been reducing and
When it comes to supply chain issues, frustrations are at an all-time high for consumers. Model and influencer Allison Weiss Brady has been furnishing her entire home for several years but everything has been delayed. From a toilet that never arrived to a seven-month wait for a storage piece, she’s reached a breaking point. “I
Former U.S. President Donald Trump looks on during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey. Michael M. Santiago | Getty Images A judge on Friday dismissed a federal lawsuit by former President Donald Trump that
Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance,” said the
Two municipal mutual funds managed by Nuveen will again open to new investors next month after a soft closure more than nine months ago, the firm said this week. Both the reopening and soft closure of the funds were market-related and were decided in the best interest of shareholders, according to Nuveen. Effective June 1,
EY is exploring a public listing or partial sale of its global advisory business as part of the most radical transformation of a Big Four accountancy firm in two decades, according to people with direct knowledge of the matter. A stake sale or listing would raise the prospect of a massive windfall for EY’s existing
Municipals continued their rally Thursday with yields falling by another 12 to 15 basis points while U.S. Treasuries were little changed and equities rallied. Secondary trading pushed yields lower again. Certain prints showed bonds trading up by more than 65 basis points from Friday’s levels. New York paper, in particular, was rallying in the secondary.
Ether’s (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July 2021. Ether/USD 1-day chart at Kraken. Source: TradingView Due to the volatility in stocks, investors had been seeking shelter
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: Ulta Beauty — Shares surged more than 6% after hours as the beauty retailer’s quarterly report beat Wall Street estimates on the top and bottom lines. Ulta Beauty posted adjusted first-quarter earnings of $6.30 per share on revenue of $2.346
The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under $1,800. The ETH/BTC pair also dropped below what traders deem to be an important ascending trendline, a move that traders say could result in Ether price correcting to new lows.
A Rhode Island farmhouse that is notorious for inspiring director James Wan’s 2013 supernatural horror film The Conjuring has sold for $1.525 million. Though it wasn’t the house featured in the film, it was the actual home where the Perron family was plagued by nearly a decade of intense paranormal activity in the 1970s. The
MoMo Productions | Taxi | Getty Images In the last decade, a surge in home prices has built considerable wealth for the middle class. Total housing wealth grew by $8.2 trillion between 2010 and 2020, according to a March report from the National Association of Realtors. The coronavirus pandemic’s housing boom added even more value
Not much needs to be said about the impact of rising rates and volatility on the muni market — new issuance and trading activity have been impacted, and a look into the crystal ball suggests the rest of 2022 will be more of the same. Add to that the challenges of attracting and retaining talent
EY is working on a split of its audit and advisory operations worldwide in the biggest shake-up of a Big Four accounting firm in two decades, according to three people with knowledge of the plans. The proposal, which is still being thrashed out among EY’s upper echelons, is a bold attempt to escape the conflicts
Moody’s Investors Service raised Louisiana’s general obligation bonds and issuer credit rating to Aa2 from Aa3 Wednesday, citing significant progress the state has made restoring its financial reserves and liquidity. Despite a trend that sees a decline in production and a rise in volatility for its gas and oil industries along with unfavorable demographics, the
In this article NTNX SNOW NVDA WSM TWTR Nvidia headquarters in Santa Clara, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Here are the stocks making notable moves after the bell. Nvidia — The chip stock dropped more than 6% after Nvidia’s guidance for the second quarter showed lighter-than-expected
Brilliant aquamarine waters and bleached sand beaches ring the more than 40 tropical islands that make up Turks and Caicos, an archipelago southeast of the Bahamas. Providenciales, considered the gateway to the British Overseas Territory, boasts expansive beaches, luxury resorts, shopping and more than 60 restaurants and cafes. Scuba-diving, kayaking and paddle boarding are among
In this article JPM WFC High home prices aren’t the only reason behind dwindling homeownership in the U.S. Banks and financial institutions aren’t issuing enough small-dollar mortgages that help families with modest incomes to purchase a property. “It is particularly hard for people who are buying smaller houses with smaller mortgages to find a lender
The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed
Municipals extended their rally Wednesday with triple-A yields falling double-digit basis points following strong secondary trading, while a billion-dollar bond offering from Connecticut took focus in the primary. U.S. Treasuries ended slightly better, and equities were in the black. Triple-A yield curves were bumped eight to 10 basis points across the curve with the biggest
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