Traders on the floor of the NYSE, Jan. 25, 2022. Source: NYSE Stocks are likely to be volatile in the week ahead as investors watch tensions between Russia and Ukraine and debate how quickly the Federal Reserve can raise interest rates. Markets were roiled in the past week and bond yields spiked after a hot
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The rise of blockchain-based play-to-earn (P2E) gaming was one of the leading stories in 2021 as games such as Axie Infinity exploded in popularity and players realized that they could make life-changing amounts of money while also having fun. According to data from Footprint Analytics, the Ethereum network remains the leader when it comes to
Large family estates are notoriously private and personal. Foxhill, a newspaper family’s midcentury manse with sweeping ocean views above one of San Diego’s most revered communities, seamlessly embodies both. Its privacy derives from the hilltop location. Foxhill sits on 32 acres, making it the largest contiguous residential site in La Jolla. “Privacy abounds, and there
There’s a land rush happening — and it’s not in New York City or Beverly Hills. Early speculators, professional real estate agents, and celebrities are buying up land that doesn’t even exist in the real world. They are investing in metaverse real estate, a concept mind-boggling to most people. So, what exactly is the metaverse?
Decentralized finance (DeFi) has had a rough go so far in 2022, and data from Messari shows the top ten-ranked DeFi assets currently down between 10% to 50% since the start of the year. A positive is, the situation may change soon as funds have began to flow back into the DeFi ecosystem following a
The United States Federal Bureau of Investigation (FBI) has issued a warning against the rise in romance scams in the San Francisco Bay Area, with the latest trend involving cryptocurrencies. Just a few days ahead of Valentine’s day, the FBI San Francisco field office alerted the public about the rise in romance scams based on
Munis sold off, playing catch-up Thursday’s U.S. Treasury selloff, while taxables pared back some of those losses in a flight-to-quality bid Friday as equities were hit hard on U.S.-Russia tensions. Triple-A muni benchmark yields were cut by up to 10 basis points on the short end but the pain was felt across the curve with
Puerto Rico bondholders and the Puerto Rico Oversight Board asked the court to reject a teachers’ associations’ request for a stay on the Plan of Adjustment enactment, arguing granting it would potentially blow up the commonwealth’s exit from bankruptcy. The board and the PSA Creditors, which includes the biggest holders of Puerto Rico’s central government
Zhao Changpeng, founder and chief executive officer of Binance, speaks during an interview in Singapore, on Nov. 19, 2021. Wei Leng Tay | Bloomberg | Getty Images Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year old magazine and digital publisher, CNBC has learned. The funds will
In this article ACB-CA EXPE ZG NWL ZEN UAA Check out the companies making headlines before the bell: Under Armour (UAA) – The athletic apparel maker reported an adjusted quarterly profit of 14 cents per share, doubling consensus estimates, with better-than-expected revenue. Under Armour saw strong demand for its athletic wear and was also helped
CoinGecko, one of the largest cryptocurrency tracking websites in the world, has suffered a major glitch on Friday morning, with Bitcoin (BTC) mistakenly losing its position as the largest digital currency by market capitalization to a lesser-known altcoin. The list of top-valued cryptocurrencies on CoinGecko briefly went somewhat irrelevant, with the BTC market cap temporarily
Home-buyers looking to get in on a piece of the action on Lake Tahoe may face similar challenges in 2022 to that of a year ago, when the number of available residential listings hovered at about a six-week inventory—roughly 230 properties. Despite such a depleted supply, which resulted in 20% fewer transactions, the total dollar
Lorena Fortuna, right, and her husband Anderson, holding their daughter Valentina, look at outdoor furniture at the Jordan’s Furniture store in Reading, Mass. on Friday, June 7, 2019. Gregory Rec | Portland Press Herald | Getty Images Demand for home remodeling jumped dramatically in the last two years, as Americans hunkered down in their homes
Reports indicate that the world’s largest cryptocurrency exchange by trade volume, Binance, has announced the crypto company has committed to investing $200 million into the American business magazine Forbes. The digital currency company Binance confirmed the $200 million stake into Forbes on the social media platform Twitter. Binance Pledges $200 Million to Forbes Binance has
U.S. Treasuries sold off hard Thursday, with the two-year rising 24 basis points to hit above 1.60% and the 10-year UST surpassing 2%, after inflation hit a four-decade high at 7.5%. Municipals followed suit, rising by five to eight basis points, but dramatically outperformed USTs. Equities took a beating, particularly tech stocks as markets digested
The Santee Cooper Board of Directors on Wednesday approved a $1.3 billion tender and exchange bond refunding, which is expected to produce gross savings of $378 million over the life of the bonds. The South Carolina Public Service Authority on Jan. 18 had offered to purchase or exchange $2.7 billion in outstanding bonds sold in
A batch of Starlink satellites deploy in orbit after a launch on Nov. 13, 2021. SpaceX Elon Musk’s SpaceX expects to lose nearly an entire launch’s worth of Starlink satellites after a storm created by the sun struck the Earth’s atmosphere. The company launched 49 Starlink satellites with a Falcon 9 rocket on Feb. 3.
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chairman Gary Gensler kicked off an ambitious regulatory agenda this year – and his agency is pushing forward
In this article KO DIS GOOS-CA TWTR TPR UBER Check out the companies making headlines before the bell: Coca-Cola (KO) – Coca-Cola shares added 1.3% in the premarket after the company beat estimates by 4 cents with adjusted quarterly earnings of 45 cents per share. Revenue also beat Wall Street forecasts, and Coca-Cola projects commodity
The increasing pressure of inflation on the American economy, and household, is making cost of living an even greater issue than it had already been. According to the Bureau of Labor Statistics (BLS), the consumer price index for all items increased by 7% over the last 12 months from December 2020 to December 2021. That’s
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Anyone out there searching for a new place to live knows there is not much to buy. Total supply and new listings are at record lows, and that means that what is on