A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo
The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in the crypto environment. Campos Neto stated that while regulation is indeed necessary, it has to be done in a way that doesn’t stop innovation. He also explained his goal is to connect the digital with
While the amount of debt wrapped by bond insurance fell 6.5% in the first half of the year, the percentage of insured debt gained compared to the first half of 2021. All municipal bond insurers wrapped $18.306 billion in the first half of 2022, a decrease from the $20.842 billion insured in the first six
After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition. Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday. According to the statement, Galaxy exercised its right to terminate the
Throughout the first half of the year, supply has fallen below market participants’ expectations, with the drop in issuance being driven by rising interest rates that have stymied refunding and taxable volumes. Continued market volatility, inflation hitting decade highs, and uncertainty over the Federal Reserve’s policy decisions kept issuers on the sidelines. Total volume in
Bitcoin was trading lower to start the week, after the token briefly rose above $25,000 during Sunday’s session. As of writing, the global cryptocurrency market cap is currently trading 2.85% lower. Ethereum also dropped lower on Monday, with prices moving away from a recent high above $2,000. Bitcoin After a brief stint above $25,000 over
Heavy competition for a significantly lower volume of municipal bonds drove a sharp decline in overall underwriting spreads to $3.54 in the first half of 2022, the lowest level in 20 years. The latest data from Refinitiv representing the first six months of 2022 underscores what has been a steady and developing trend over the
A new bankruptcy coin report filed on Sunday shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit. The latest report shows that the company has net liabilities worth $6.6 billion and total assets under management at $3.8 billion. While in their bankruptcy
In a period where all other municipal bond sectors shrank in volume, electric power and healthcare expanded strongly in the first half. Electric power bond volume increased 49.9% and healthcare grew 26.9% compared to the first half of 2021. Overall municipal volume was down 11.2% in the first half. All data is from Refinitiv and
At times in its long history, the New Jersey waterfront setting of Port Imperial, across the Hudson River from Manhattan, has been highly sought for very different reasons. Early in the 20th Century, the port’s prime location along the river so near Midtown made it a prime place to establish humming manufacturing plants and busy
Dinner parties in the Indian capital tend to start late and end late, sometimes stretching into the wee hours. In the posher households, the seemingly endless rounds of snacks are typically washed down with generous measures of premium booze. But Delhi, one of India’s megacities (population more than 18mn) is running short of places to
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Stock markets were subdued on Monday as disappointing Chinese economic data and an interest-rate cut by the country’s central bank complicated the global outlook. US equity futures declined, with contracts tracking the S&P 500 falling 0.5 per cent. The broad Wall Street index on Friday closed out its fourth consecutive week of gains. Contracts tracking
Following the sanctions placed by the United States on USD Coin (USDC) and Ethereum (ETH) addresses associated with the crypto mixer Tornado Cash (TORN), the signatories of the projects’ multi-signature community fund disbanded. In 2021, the Tornado Cash community created a fund to provide incentives to key contributors to the project. The fund was held
For a man who had been held up at gunpoint the previous evening, Mmusi Maimane was on surprisingly good form, when I met him in Cape Town this month. Maimane, one of South Africa’s leading opposition politicians, was in a suburban restaurant when armed men entered, forced all the diners to lie on the floor
In this article GPRE RVLV CMCSA BABA Vroom IPO at the Nasdaq site, June 9, 2020. Source: Nasdaq Check out the companies making headlines before the bell: Poshmark — Shares spiked more than 5% after Barclays upgraded the online fashion retailer to overweight from equal weight. Poshmark will get a boost from the fast-growing second-hand
Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than three months of creditor protection. Singapore’s High Court has ruled to give each of the five Zipmex entities a moratorium until Dec. 2, 2022 to come up with a restructuring plan,
Hong Kong’s accounting watchdog has launched an investigation into Evergrande Property Services, a major subsidiary of the embattled Chinese property developer, and its auditor PwC over a $2bn loan scheme that led to an executive clear-out last month. The investigation will put more scrutiny on Evergrande, the world’s most indebted real estate developer, after it
An Ethereum (ETH) whale wallet that participated in the Genesis Initial Coin Offering (ICO) and obtained about 150,000 ETH in 2014 was activated again on Aug. 14 after three years of dormancy. The whale address transferred 145,000 ETH to multiple wallets as Ether price surged to a new 3-month high of over $2,000. The transfers
Serial entrepreneur Bill Smith launched Landing in 2019. The furnished apartment rental firm expects $200 million in revenue this year by catering to the work-from-anywhere generation. Bill Smith steers his black Tesla X through the streets of downtown Birmingham, Alabama, and pulls into a low-rise apartment complex. “This used to be a brothel 100 years
Amid the rising cryptocurrency adoption in the Philippines, the country’s central bank is seeking measures to better protect investors through elevating local crypto awareness. The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), wants to promote crypto education as the authority sees a lot of benefits associated with crypto and blockchain, a BSP representative said