A clash over tax and economic policy has dominated the early tussles between former chancellor Rishi Sunak and foreign secretary Liz Truss in their bids to become Conservative leader and the next UK prime minister. As the second phase of the leadership contest got under way this week, with two candidates facing a vote by
As the U.S. airline industry appears to shake off the lingering effects of the pandemic, experts expect a rapid return to profitability and previously predicted growth. After a staggering 96% drop in the volume of domestic air travel shortly after the adoption of travel restrictions in March of 2020, passenger flight rates have rebounded to
The U.S. dollar has been the world’s dominant currency for three-quarters of a century, and though it may not be apparent to inflation-wracked Americans, the currency maintains more purchasing power than most of its major rivals. That’s helpful to U.S. consumers, though it comes at a cost. Inflation is diminishing the value of the euro,
Michigan drew an upgrade from Fitch Ratings over analysts’ view that a rebuilding of reserves and cash balances along with flush tax collections and conservative budgeting strengthens the state’s edge in weathering a future downtown. The upgrade to AA-plus from AA impacts $1 billion of outstanding general obligation debt and the Michigan School Bond Qualification
In this article MAT VZ STX SNAP AXP Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as
The ancient Greeks pioneered a range of innovations to cool their houses during the summer, planting trees to provide natural shade and designing buildings to limit which spaces felt the full blast of the sun’s rays. Thousands of years later, their descendants are drawing upon the same kind of ideas to cool down the city
There is an irritating predictability to the way in which Elon Musk’s unsolicited bid for Twitter is unravelling. Some users might have been excited by the idea but tech commentators and investors in Twitter were sceptical from the start. Why wouldn’t they be? For the second time, Musk appeared to insert a 420 internet weed
The previous $19,000 Bitcoin (BTC) support level becomes more distant after the 22.5% gain in nine days. However, little optimism has been instilled as the impact of the Three Arrows Capital (3AC), Voyager, Babel Finance and Celsius crises remain uncertain. Moreover, the contagion has claimed yet another victim after Thai crypto exchange Zipmex halted withdrawals
The top smart contract platform tokens by market capitalization and the total value locked (TVL) in decentralized finance (defi) have swelled significantly in value during the last few days. Since the value locked in defi reached a 2022 low of $70 billion on June 19, the defi ecosystem’s entire TVL has grown by more than
Citigroup Inc.’s municipal-bond business, for decades a powerhouse in the $4 trillion market for U.S. state and city debt, has seen a wave of high-profile departures as the bank revamps parts of the group’s trading and banking units. The bank in recent months shuttered its muni proprietary trading unit — which used the firm’s own
Volkswagen’s chief executive Herbert Diess, the architect of the German carmaker’s multibillion-euro push into electric vehicles, will leave the company within weeks after being forced out by union leaders. The 63-year-old, who took over in the years following the Dieselgate scandal, will be replaced by Porsche boss and former VW manager Oliver Blume from the
The latest episode of Market Talks welcomes Nicholas Merten, the founder of DataDash, one of the largest cryptocurrency YouTube channels. Merten is an international speaker, thought leader and crypto analyst. He has utilized his 10-plus years of experience in traditional markets to understand the potential of cryptocurrencies and help his 515,000 YouTube subscribers make better
As a boy growing up in Southampton, Rishi Sunak helped his mother do the books in her pharmacy. That formative experience, coupled with his deep-rooted belief in a small state and his polished TV performances, should make him a dream candidate for the Conservatives. But the former chancellor is currently trailing Liz Truss among the
Ethereum Classic (ETC) has been outperforming its arch-rival Ethereum’s native token Ether (ETH) during the current crypto market rebound with the ETC/ETH pairs at 10-month highs. Why is ETC beating ETH? ETC’s price has risen to $27 on July 22, amounting to a 100% gain in nine days after bottoming out at $13.35. Comparatively, ETH’s
Near protocol was trading at its highest level since June 10 in today’s session, as prices of the token rose for a second straight day. Neo was also higher on Friday, with prices surging by over 15%, pushing the token to multi-week highs. Near Protocol (NEAR) Near protocol (NEAR) was one of the notable gainers
Genesee County, Michigan, drew an upgrade from Moody’s Investors Service over its healthier reserves, action that also benefits the Karegnondi Water Authority pipeline’s debt as it’s ultimately backed by the county. Moody’s raised the county’s general obligation limited tax and issuer ratings to A1 from A2 Monday, impacting $578 million of mostly self-supporting GOLT debt
Bitcoin (BTC) took a step back as Wall Street trading began on July 22 after recovering most of its previous losses. BTC bulls fail to sustain assault on multi-week high Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD encountering fresh resistance near $24,000. The pair had spent the past 24 hours slowly clawing back lost
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located in the United Arab Emirates. Zhu said
The Miami-Dade Board of County Commissioners voted to enact Mayor Daniella Levine Cava’s proposal to lower the property tax by 1%, the first cut in over 10 years. The board voted on Tuesday to cut the countywide, unincorporated municipal service area, library and fire levies, bringing the combined millage rates to their lowest levels since
Ethereum was back in the green on Friday, as bulls returned to action following yesterday’s selloff. Crypto markets set aside concerns over Tesla’s bitcoin sale, extending this week’s rally in the process. Bitcoin was also up in today’s session, as it headed back towards $24,000. Bitcoin Bitcoin (BTC) prices rose on Friday, as markets rebounded
Property is the world’s single largest store of wealth, and if the cryptocurrency and blockchain world is seeking an express route to mass adoption, it could do worse than partnering with the real estate industry. According to a September 2021 report by Savills World Research, the estimated value of all the world’s real estate stands