In this article SBNY SIVB DOCU Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Silicon Valley Bank headquarters in Santa Clara, California, US, on Thursday, March 9, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in early morning trading. SVB Financial — Shares of the company known as
California Gov. Gavin Newsom and Attorney General Rob Bonta announced two lawsuits against the city of Huntington Beach for violating state housing laws during a Thursday press conference. What follows may be a test case for recent state laws designed to lower the barriers to new housing construction. Housing’s high cost and low availability has
Bitcoin (BTC) struggled to reclaim $20,000 support at the March 10 Wall Street open as fears mounted over Silicon Valley Bank (SVB) contagion. Trader targets $18,000 BTC price Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it nursed fresh losses, reaching $19,569 on Bitstamp. The pair had seen further downside prior to the open
Underwriters completed pricing Thursday of a $3.52 billion Texas securitization deal for natural gas providers, but the bonds may stay in investors’ hands only for a short time. The Texas Senate Finance Committee advanced a supplemental appropriations bill Wednesday that includes money to pay off the bonds and possibly debt incurred by other utilities as
In this article SI SBNY Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange stands in lower Manhattan after global stocks fell as concerns mount that rising inflation will prompt central banks to tighten monetary policy on May 11, 2021 in New York City. By mid afternoon the tech-heavy Nasdaq Composite had lost
In this article ENPH GPS CAT FRC WAL PACW SBNY DOCU SCHW ORCL BIRD Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of Oracle headquarters on June 13, 2022 in Redwood Shores, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading Friday. Allbirds — Shares
Close on the heels of Donald Trump’s idea to build up to 10 “freedom cities” on federal land come reports that Elon Musk is planning a “Texas Utopia”—his “own town” says the Wall Street Journal. But although America has a long history of company towns, the plans for what some are calling “Muskville” so far
Eligible local governments in Michigan with weak pension funding ratios will soon get an infusion of funding promised by the state through a $750 million grant program. The Michigan Department of Treasury has kicked off the funding process with the launch of the Protecting Michigan Pension Grant Program, authorized in the state’s fiscal 2023 budget. The
Something is going very wrong for teenagers. Between 1994 and 2010, the share of British teens who do not consider themselves likeable fell slightly from 6 per cent to 4 per cent; since 2010 it has more than doubled. The share who think of themselves as a failure, who worry a lot and who are
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the Fed is “making progress on technological issues,” Powell stressed that “policy issues are equally important.” Fed Chair Powell on CBDC Progress During a hearing
Ether (ETH) price is down on Dec. 16, and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve Chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates. Ether price was dealt another blow when Silvergate Capital Corporation decided to voluntarily liquidate Silvergate Bank. Silvergate Bank was one of the major
President Joe Biden unveiled a 2024 budget Thursday that raises taxes on high earners and large corporations while providing relief for struggling urban mass transit systems and sending money to states and locals for climate resiliency projects. The proposal totals $6.9 trillion, up from last year’s $6.4 trillion of federal spending. Discretionary spending would total
In this article CS PYPL SI’A SIVB GE Follow your favorite stocksCREATE FREE ACCOUNT jetcityimage | iStock Editorial | Getty Images Check out the companies making the biggest moves midday: General Electric — The stock gained 6.3% after the company provided an update ahead of its investor meeting, including reaffirming its 2023 guidance with high-single-digit
XRP’s (XRP) price extended its gains on March 9, rising around 1.5% to $0.40, despite a general downturn in the cryptocurrency market. XRP price four-day winning streak The rally in the XRP/USD pair started on March 5 with the XRP market capitalization gaining over 10% in the past four days. In contrast, the entire crypto market
Voters in South Burlington, Vermont, approved a $34 million wastewater bond proposal on Tuesday, the largest of several similar local referendums approved statewide. The South Burlington wastewater bonds will fund overhauling and replacing pumps that serve the Bartlett Bay Wastewater Treatment Facility, which provides service to nearly all of South Burlington’s 20,282 residents. The facility,
Russia has carried out one of its largest strikes on Ukraine including with nuclear-capable hypersonic missiles that hit cities and knocked off back-up power at Europe’s largest atomic plant. Of the more than 80 rockets fired, six were nuclear-capable hypersonic Kh-47 Kinzhal air-to-surface missiles, according to Ukrainian officials. The assault has left much of Kyiv
In this week’s newsletter, read about how Yuga Labs’ first Bitcoin-based nonfungible tokens (NFTs) earned $16.5 million in 24 hours, and how the Bitcoin NFT market can reach $4.5 billion by 2025. Check out how Binance’s artificial intelligence NFT generator got 10,000 mints 2.5 hours after its launch, and find out how the Flare blockchain
Illinois expects another $575 million of general fund revenues in the current fiscal year as steady income and sales tax collections through February pushed worries over an economic slowdown and the impact of a potential recession further out on the horizon. The legislature’s non-partisan Commission on Forecasting and Accountability raised its estimate for revenues
The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard/ | Bloomberg | Getty Images Check out the companies making headlines in midday trading. United Natural Foods — The organic food company tumbled 27%
A “For Sale” sign outside of a home in Atlanta, Georgia, on Friday, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images After dropping to a 28-year low the previous week, mortgage demand recovered slightly, even though interest rates marched higher. Total mortgage application volume rose 7.4% last week, according to the Mortgage Bankers
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