Vikram Rai, head of Citi’s municipal strategy group, has left the firm, he announced on Monday, after his position was eliminated. “Today was my last day at Citi,” he said in an email to clients. “I got cut,” he told The Bond Buyer. “I’m looking for a new job now.” Rai is an outspoken and
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The S&P 500 Index (SPX) snapped a five-week winning streak last week but it is still on track to close the first half of the year with stellar gains of nearly 13%. The tech-heavy Nasdaq Composite has done much better as it is up about 29%. Both these indices have been overtaken by Bitcoin (BTC)
The head of the Wagner private military group has denied trying to overthrow the Russian government but redoubled his criticism of the country’s defence establishment in his first public comments since Saturday’s abortive march on Moscow. In an 11-minute voice recording posted on Telegram on Monday, Yevgeny Prigozhin said his goal had been to protest
Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread from blockchain analytics firm Nansen. The network had been seeing less than 300,000 transactions per day before the upgrade, but this figure increased to over 550,000 by the middle of June. Since Optimism’s Bedrock upgrade
Budrul Chukrut | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Lucid Group — Lucid shares jumped 9% after the electric vehicle maker said it will provide powertrain and battery systems to British luxury automaker Aston Martin. WSFS Financial — The regional bank added 4.4% after D.A. Davidson upgraded the
Investors and owners of commercial real estate portfolios are seeking new ways to add value to their assets, particularly as economic uncertainty dominates global headlines and daily decision making. Vertical integrators—real estate operators that have historically kept all operations from property acquisition to daily management under one ownership umbrella—are now looking to outsource the property
A recent surge in activity surrounding exchange-traded funds has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report via CoinShares. Totalling $199 million, inflows for the week of 19–23 June turned around a nine-week string of consecutive outflows, with Bitcoin (BTC) representing the lion’s
Venture capital financing in the crypto space is no different from typical VC, except the startups benefiting from financing operate in the cryptocurrency market. Venture capital businesses in the cryptocurrency sector concentrate their investments on startups and initiatives linked to cryptocurrencies, blockchain technology, decentralized finance (DeFi) and other cutting-edge distributed ledger technology applications. Projects creating
Billions of dollars in federal funding from the Biden administration’s Infrastructure Investment and Jobs Act could be wasted because state highway and bridge projects are using an outdated government precipitation model to determine future flood risk, according to a new report from First Street Foundation, a nonprofit climate risk research and technology firm. The government’s
In today’s episode, I’m going to share with you the pros and cons of penny stocks. Penny stocks are hugely attractive, and they are great for certain types of traders. But they’re horrible for other types of traders. In this episode, we’ll cover the advantages and disadvantages of penny stocks, so that way you can
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Russian warlord Yevgeny Prigozhin and his troops were withdrawing from southern Russia on Sunday after reaching a deal with Moscow to end his armed uprising after the biggest crisis of Vladimir Putin’s presidency. Prizoghin himself maintained a rare silence after calling an end to his insurrection on Saturday evening, though the Kremlin said he would
In this article RUN MX-CA ORSTED-DK KEY-CA ALA’A-CA BDI-CA FLNC Follow your favorite stocksCREATE FREE ACCOUNT Rows of cabinets containing lithium ion batteries supplied by Fluence, a Siemens and AES Company, are seen inside the AES Alamitos Battery Energy Storage System, which provides stored renewable energy to supply electricity during peak demand periods, in Long
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Top Stories This Week ‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss Recently renewed optimism for an approved Bitcoin spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits. Over the past week, Fidelity, Invesco, WisdomTree and Valkyrie have followed investment giant BlackRock in applying for a
Russian warlord Yevgeny Prigozhin has said his Wagner mercenaries had abandoned their insurrection against the country’s armed forces just hours before a potential assault on Moscow, signalling a possible end to the first coup attempt in Russia for three decades. In a deal brokered by Belarus leader Alexander Lukashenko, Prigozhin said his convoy of troops,
If you know what type of asset class you want to invest in and have found an opportunity, you’ll want to put together a business plan. This can include where the property is located, how you plan to improve it, and details related to the project. Once you have formulated the business plan, you might
Following the issuer’s decision to temporarily halt mints and redemptions through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position on the stablecoin TrueUSD (TUSD). According to on-chain data, an Ethereum user utilized Aave’s V2 lending platform by depositing 7.5 million USDC, a stablecoin, as
Artificial Intelligence TAM means $100 billion in sales by 2026. Article version here has good links: https://www.zacks.com/stock/news/2111982/nvidia-dgx-workhorse-of-ai-will-drive-nvda-to-2-trillion Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE