Receive free UK financial regulation updates We’ll send you a myFT Daily Digest email rounding up the latest UK financial regulation news every morning. The UK’s top financial regulator is preparing to launch a sweeping review of valuations in private markets, according to people familiar with its plans, amid growing fears over the impact of
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Municipal bonds were weaker Tuesday as U.S. Treasury yields rose out long and equities sold off. The two-year muni-to-Treasury ratio Tuesday was at 69%, the three-year was at 70%, the five-year at 71%, the 10-year at 73% and the 30-year at 90%, according to Refinitiv Municipal Market Data’s 3 p.m., ET, read. ICE Data Services
Fitch Ratings revised to positive from stable the outlook on $32 million of refunding revenue bonds associated with the construction of Atlanta’s city courthouse as revenue streams continue a post-pandemic recovery. The outlook change applies to $32 million of tax-exempt certificates of participation issued by the Georgia Municipal Authority in 2016 to refund a 2002
Stablecoin issuer Circle has launched a Stellar network version of its euro-backed stablecoin, EURC, according to a Sept. 26 announcement. EURC was previously only available on the Ethereum and Avalanche networks. Hello Europe meet our new friend EURC on #Stellar. Same speed, low cost, and reliability of the Stellar network we all know and love
The relationship between Bitcoin’s price and U.S. Treasury yields has long been considered a strong indicator due to historical data and the underlying rationale. Bitcoin halvings vs. 10-year Treasury yields In essence, when investors turn to government-issued bonds for safety, assets like Bitcoin (BTC), which are considered risk-on, tend to perform poorly. A noteworthy chart
Sales of newly built homes fell 8.7% in August from July, to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest pace since March. Sales were still 5.8% higher than August 2022. The Census count is based on signed contracts during the month, and mortgage rates
Receive free Pound Sterling updates We’ll send you a myFT Daily Digest email rounding up the latest Pound Sterling news every morning. Sterling fell to a six-month low against the dollar on Tuesday, putting it on track for its worst month since last year’s “mini” Budget, amid fears high interest rates will tip the UK
The price of Optimism’s native OP token is leading losses among the top 50 cryptocurrencies, falling as far as 10% on the week ahead of a $30 million token unlock. According to data from tokenomics platform Token Unlocks, 24.16 million OP tokens, which account for roughly 3% of the circulating supply — are scheduled to
Municipal bond prices weakened again Monday as the market looked ahead to a $6.3 billion slate of sales led by two big deals from issuers in Texas and Florida. Municipals continued the selloff seen last week, with yields rising Monday by as many as 12 basis points. Treasury yields also rose while stock prices ended
Indicted Sen. Bob Menendez, D-N.J., has been a long-time advocate of key public finance issues and is so far resisting calls to resign his seat in Congress. Menendez, indicted last week on federal bribery charges, has already stepped aside as chairman of the powerful Foreign Relations Committee, but his influence on financial legislation could continue
Bitcoin’s (BTC) weakness on Sep. 24 shows that the bears remain in control. Sellers are trying to pull the price below $26,000 but the bulls are likely to defend the level with vigor. Buyers are trying to achieve a positive monthly close for Bitcoin in September for the first time since 2016. If they can
In this article GEHC DOW 2015-HK 9866-HK WSM AA CHEF SEE Follow your favorite stocksCREATE FREE ACCOUNT Rolled aluminum is fed into a machine on the auto treatment line at the Alcoa Inc. Davenport Works aluminum facility in Riverdale, Iowa. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday
Los Angeles Rams wide receiver Cooper Kupp is selling his 4-acre Oregon home and personal training facility for $3.5 million. Kupp is ready to part with the property outside Portland, where he trained hard and went on to be named most valuable player in the 2022 Super Bowl. Kupp, 30, lives with his wife, Anna,
Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. A senior Nomura banker has been banned from leaving mainland China, a move connected to a long-running investigation into the country’s top tech dealmaker Bao Fan, according to people
Bitcoin (BTC) has been trading in a tight range for the past three days even as the S&P 500 fell for the last four days of the week. This is a positive sign as it shows that cryptocurrency traders are not panicking and rushing to the exit. Bitcoin’s supply seems to be gradually shifting to
In this article AVGO PEG SO CVX BMY Follow your favorite stocksCREATE FREE ACCOUNT Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC Dividend-paying stocks can help enhance portfolio returns, but investors will need to perform their due diligence as they sift through the names. Investors should carefully assess these companies by paying attention to
Receive free Sovereign bonds updates We’ll send you a myFT Daily Digest email rounding up the latest Sovereign bonds news every morning. Hedge funds have been rushing to unwind bets against Britain’s £2.5tn government bond market as investors become increasingly convinced that the Bank of England is nearing the end of its rate rising campaign.
Top Stories This Week SEC sees temporary setback in request to access Binance.US software The United States Securities and Exchange Commission has failed to win immediate access to Binance.US’s software, with the judge saying he isn’t “inclined to allow the inspection at this time.” The hearing was held on Sept. 18 to discuss the SEC’s
If you’ve been looking for a second home, vacation home, or pied a terre—you might have encountered an emerging trend called “fractional home ownership.” At an initial glance, it feels a bit like Timeshares 2.0—but it’s a different concept entirely. “Fractional home ownership is a real estate model where multiple individuals or entities collectively own
A technical analysis tool called Bollinger Bands uses price volatility to provide probable entry and exit opportunities in trading. They are made up of two outer bands or lines and a centerline (the simple moving average for a 20-day period), which enlarges and contracts in response to changes in price. For thorough market analysis, they