A Starbucks location in New York. Scott Mlyn | CNBC Check out the companies making headlines after hours. Block — The mobile payment stock jumped 12% after Block reported third-quarter results that beat on the top and bottom lines. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Analysts polled by
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Municipals were weaker in secondary trading Thursday as a $1 billion-plus deal from the City and County of Denver took focus in the primary and mutual fund outflows grew by another $2.4 billion. U.S. Treasury yields rose, with the two-year seeing the greatest losses, and equities ended in the red as markets continue to digest
A report co-produced by the National League of Cities and The Public Finance Initiative expected to be issued Nov. 17 will address if and how bond issuers can help correct racial injustice. The report, work on which was announced in January, was funded by a $4 million grant from the Robert Wood Johnson Foundation. The
The Bank of England has signalled that borrowing costs will not rise as much as markets expect in the future, even as it imposed the biggest rate rise for three decades to combat soaring inflation. The BoE’s 0.75 percentage point increase to 3 per cent took interest rates to their highest point since 2008. But
A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Fidelity Investments is launching a commission-free crypto trading product for retail investors. The firm, one of the largest brokerages in the world handling $9.9 trillion in assets, opened an early-access waitlist to users Thursday morning. The service, called
Miami-Dade County has ditched plans to build a monorail connecting Miami to Miami Beach and instead will expand the existing Metromover to create a transit corridor, Mayor Daniella Levine Cava said Wednesday. The plan for Baylink will make Miami-Dade transit more efficient and accessible, eliminate the need for riders to transfer and save the city
Polygon (MATIC) emerged as the best-performing asset among the top-ranking cryptocurrencies on Nov. 3 as the market’s attention turned to the latest Instagram and JPMorgan announcements. Polygon in high-profile partnerships Notably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint,
Bob Pisani, CNBC Scott Mlyn | CNBC Thinking of writing a book? You might want to reconsider. On Monday, a federal judge blocked Penguin Random House’s proposed purchase of Simon & Schuster, agreeing with the Justice Department that joining the two giant publishing houses would lessen competition for top-selling books. As an author, I agree
Ethereum layer-2 scaling solution Arbitrum has seen a massive surge in activity since its Nitro update in August, having just clocked around 62% as many transactions as the Ethereum base layer. In a Nov. 1 report, crypto research firm Delphi Digital noted that as of the week ended Oct. 24, Arbitrum’s number of total transactions
Crypto influencers may need to practice what they preach and “do their own research” when it comes to sharing their crypto tips. According to several digital asset lawyers, the popular disclaimer “this is not financial advice” — may not actually protect them in the eyes of the law. United-States-based securities lawyer Matthew Nielsen from Bracewell
Here’s all you need to know about taxes when it comes to trading and investing in the stock market. You’re going to be taxed on your profits, so you need to know where you can reduce your taxes without risking too much. All you need to do is trade a bit differently, and I’ll show
Gold mining ETFs are leveraged plays on the price of gold. Here is what investors need to know. VanEck Vectors Gold Miners ETF: https://www.zacks.com/funds/etf/GDX/profile?cid=CS-YOUTUBE-FT-VID IShares MSCI Global Gold Miners ETF: https://www.zacks.com/funds/etf/RING/profile?cid=CS-YOUTUBE-FT-VID Sprott Gold Miners ETF: https://www.zacks.com/funds/etf/SGDM/profile?cid=CS-YOUTUBE-FT-VID Van Eck Funds International Investments Fund: https://www.zacks.com/funds/mutual-fund/quote/INIVX?cid=CS-YOUTUBE-FT-VID Newport Mining: https://www.zacks.com/stock/quote/NEM?cid=CS-YOUTUBE-FT-VID Barrick Gold: https://www.zacks.com/stock/quote/GOLD?cid=CS-YOUTUBE-FT-VID Agnico Eagle Mines: https://www.zacks.com/stock/quote/AEM?cid=CS-YOUTUBE-FT-VID Kirkland Lake:
The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes. The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point increases in June, July and
The Federal Reserve has decided to raise the target range for the federal funds rate to 3.75% – 4%, continuing its aggressive campaign against persistent inflation. Policymakers suggested that there was more to come, but also outlined a possible rationale for slowing rate increases soon. That’s the sixth consecutive rate hike this year, pushing rates
The Puerto Rico Oversight Board said it has lined up an impaired class to support a potential Puerto Rico Electric Power Authority restructuring deal, as legally required, but some were skeptical. One impaired class must vote for a PREPA plan of adjustment under the Puerto Rico Oversight, Management, and Economic Stability Act for U.S. District
Jay Powell warned US interest rates would peak at a higher level than expected even as he held out the possibility of the Federal Reserve slowing the pace of its campaign to tighten monetary policy. Speaking after the central bank increased its main interest rate by 0.75 percentage points for the fourth time in a
A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images While Washington is consumed with the elections next week, the Securities and Exchange Commission is continuing to consider numerous rulemaking proposals that could significantly increase the reporting and disclosure
Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-principle approval for a Major Payments Institution License allowing it to issue cryptocurrencies and facilitate domestic and cross-border payments while Paxos received its license to offer digital payment token
According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “financial security.” To achieve this, the central bank’s role will be limited to managing the digital currency’s “operating system” while the handling of personal
I want to cover the concept of fear as well as greed. These to forces really oppose one another. When the market is in fear, the market is usually tanking and going down. When the market is in greed state the market is skyrocketing or going up. So these two forces are always going back