Municipals were little changed Wednesday as U.S. Treasuries were weaker after the release of the Federal Open Market Committee meeting minutes showed more tightening is likely on the way. Equities were in the red to close the session. The secondary was uneven but triple-A yield curves were mostly steady, as municipals are wont to do
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Chicago Mayor Brandon Johnson tapped state banking regulator Chasse Rehwinkel to fill the city comptroller’s position, a choice that completes his picks for the city’s top fiscal posts. The comptroller manages the collection or disbursement of city revenues and all funds required to be in the custody of the city treasurer. The chief financial officer, budget director,
Starknet’s Quantum Leap upgrade has been deployed on testnet, with the Ethereum layer-2 scaling protocol claiming it’s capable of processing “hundreds of transactions per second.” If achieved, it would be at least a 50X improvement from its current throughput, thanks to the Version 12 upgrade harmonizing how the sequencer’s code interacts with the Cairo programming
For the first time in more than 30 years, the Florida Insurance Guaranty Association tapped the municipal bond market, selling tax-exempt fixed-rate bonds last week to help fund claims from insolvent insurance companies in the state. FIGA is set to head back to the market next week with a $125 million variable-rate deal. BofA Securities,
In this video, you’re going to learn new strategies when it comes to Iron Condor adjustments. We will focus on Rolling an Iron Condor. You’ll find out what is the point of adjustment and how to look at adjustments on a trading platform. We’re going to analyze and go through the entire process so you
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The Bank of England is looking at contentious plans to force more international banks to set up subsidiaries in the UK, people familiar with the situation have told the Financial Times. The move could reduce the thresholds requiring foreign banks with corporate business in the country to set up subsidiaries, with their own capital and
Recent weeks have seen a surge in interest from traditional finance for crypto-based exchange-traded funds (ETFs). After the Securities and Exchange Commission took issue with its initial filing, BlackRock submitted a fresh application for a Bitcoin ETF on July 3. A week earlier, Fidelity led a crop of investment firms in lodging applications with the
Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card. In the July 3 “Open Letter to Barry Silbert,” Winklevoss alleged the
Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to Coinshares, as the cryptocurrency continues to hit new prihighs for 2023. In a July 3 report from CoinShares’ Head of Research James Butterfill, the analyst noted that Bitcoin-related products saw $310.6 million of inflows over the last two
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“A room or part of a home in which a woman may indulge in hobbies and interests without being distracted by other family members,” explains Collins Dictionary in defining the she shed, which could easily have added ‘and a response to the better known man cave male equivalent.’ Of course, women have always had their
The UK’s financial watchdog has summoned bank chief executives to address concerns that savings rates are lagging behind the surging cost of mortgages. Top bankers at HSBC, NatWest, Lloyds and Barclays are expected to attend a meeting at the Financial Conduct Authority on Thursday amid accusations they are profiteering from rising interest rates, according to
New Jersey Gov. Phil Murphy averted a government shutdown Friday, signing into law a record-setting $54.3 billion fiscal 2024 spending plan hours ahead of a July 1 budget deadline. The budget records an $8.3 billion surplus and features $5.4 billion of new spending in addition to major tax code changes and tax-relief provisions. For the
Municipals were little changed ahead of the Fourth of July, while U.S. Treasuries were weaker and equities ended up. Triple-A yields were steady, while UST yields rose three to eight basis points. Municipal to UST ratios fell as a result. The two-year muni-to-Treasury ratio Monday was at 59%, the three-year at 61%, the five-year at
The Commonwealth of the Northern Mariana Islands, a U.S. territory, “is at risk of a severe fiscal crisis,” according to a U.S. Government Accounting Office report. The CNMI had $114 million of debt outstanding as of September 2020, much of it bond debt, according to its most recent audited statement. The government at that time
People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Electric vehicles — Electric vehicle makers such as Rivian Automotive surged following Tesla’s better-than-expected second-quarter production and
Robert Benecke and firm Benecke Economics have been charged by the Securities and Exchange Commission for acting as an unregistered municipal advisor to three municipalities in New Jersey in a case that is emblematic of what many view as a growing problem nine years after final effectiveness of the municipal advisor registration rule. For his
In this video, we will be talking about trading verticals. You will be learning how verticals work so you would know how you can make money from it. Grow your portfolio and start earning more from your trades by learning how you can trade verticals. Check this out! ***Announcement! We have just launched a new
Social media platform Twitter is temporarily limiting the number of posts that users will be allowed to read per day, after seeing “extreme levels of data scraping and system manipulation,” according to executive chairman Elon Musk. In a July 1 post, Musk said the temporary limits will see verified accounts capped at 10,000 posts per