JPMorgan Chase’s CEO Jamie Dimon feels threatened by how the crypto space is disrupting the payment systems, stated Shark Tank host and multi-millionaire venture capitalist Kevin O’Leary speaking at a Converge22 panel on Sept. 28. O’Leary made his remarks after Dimon declared himself as a “major skeptic” on “crypto tokens, which you call currency, like
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Dan Ivascyn, PIMCO, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC The U.S. is likely headed toward a recession but there’s a chance for the downturn to be comparatively mild due to strong underlying fundamentals, according to Pimco bond expert Dan Ivascyn. In remarks echoed by other speakers Wednesday at CNBC’s Delivering
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters Check out the companies making headlines in midday trading. Apple — The big technology stock shed 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and cut its price
Return to office is still a work in progress—complicated by the threat of an economic slowdown and the resulting shift in the employer/employee power balance—yet only 16% of employees today are working exclusively from home, according to recent JLL research. The fastest-growing workplace isn’t home or the office, but some third place—a coffee shop, hotel
A man walks through the debris on a street in the aftermath of Hurricane Ian in Punta Gorda, Florida. Ricardo Arduengo | Afp | Getty Images If you’re far from the destruction caused by Hurricane Ian in Florida, you may be thanking your lucky stars that your house wasn’t in the storm’s path. Nevertheless, you
One hundred and eleven days have passed since Bitcoin (BTC) posted a close above $25,000 and this led some investors to feel less sure that the asset had found a confirmed bottom. At the moment, global financial markets remain uneasy due to the tension in Ukraine increasing after this week’s Nord Stream gas pipeline incident.
Municipals were mixed Wednesday as a large primary calendar led by deals from the Texas Water Development Board and state of Illinois took the focus away from the secondary, while outflows ramped up to $2.7 billion, the largest figure since late June. U.S. Treasuries rallied hard with yields falling up to a quarter-point and equities
Puerto Rico bankruptcy Judge Laura Taylor Swain said she would approve a three-pronged approach to advancing the more than five-year-old Puerto Rico Electric Power Authority bankruptcy with a plan confirmation due by June 2023. Swain said there should be litigation on two key issues, the development of a plan of adjustment with several versions, and
The Bank of England took emergency action on Wednesday to avoid a meltdown in the UK pensions sector, unleashing a £65bn bond-buying programme to stem a crisis in government debt markets. The central bank warned of a “material risk to UK financial stability” from turmoil in the gilts market sparked by chancellor Kwasi Kwarteng’s tax
Lauren Taylor Wolfe, center, Roy Swan, left, and Shundrawn Thomas at CNBC’s Delivering Alpha, Sept. 8, 2022. Scott Mlyn | CNBC ESG and sustainable investing generally have come under fire recently, with critics pointing to a lack of transparency and differing definitions sparking confusion around what investors are actually buying. Adding to the confusion is
Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Wall Street has a texting problem and the SEC is not happy. Last night the SEC announced charges
A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies making headlines in midday trading. Apple — Apple shares fell 3.4% on Wednesday following a report that the company is ditching plans to boost new iPhone production. Instead of aiming to increase output by 6 million units in the second half
As users take advantage of online services and explore the internet, they eventually create a digital identity. This type of identity is then tied to central entities like Google and Facebook, which make it easier to share data with new services through simple sign-in buttons. While these digital identity management systems are convenient, they are
A decade ago, purists winced when the first references to “NoMad” — denoting the area north and west of Madison Square Park — were first widely circulated. Just what we need, some moaned, a cutesy shorthand buzzword for a made-up Manhattan enclave that had never really been considered a neighborhood before. But in the ensuing
According to Homebuyer.com, Iowa is the cheapest state to buy a house in right now. The Good Brigade | Digitalvision | Getty Images With mortgage rates rising, more people may be asking themselves the age old question: rent or buy? These decisions are particularly pertinent amid bubble-like housing prices, making monthly mortgage payments more difficult
Russia intends to use its digital ruble, to be introduced early next year, for payments with its key ally, China. Authorities in Moscow hope other nations will be willing to adopt the Russian digital currency in trade, which will allow the country to circumvent sanctions imposed over the Ukraine war. Russian Federation Eyes Digital Ruble
** Note this video is intended for educational purposes and to make you aware of what can be happening in the stock market and on YouTube so that way you don’t blindly purchase stocks based on recommendations or what other people say they will “buy” or are “looking at” ** In this video I have
Municipal triple-A yield curves saw another round of cuts Tuesday amid elevated secondary selling pressure, pushing one-year munis to end the session above 3%. U.S. Treasuries and equities saw losses after more hawkish Fed speak and a continued global bond rout. Triple-A yields rose by as many as seven to eight basis points across the
Under the oversight of a state review board, the troubled finances of West Haven, Connecticut, are moving in the right direction, according to Moody’s Investors Service, which last week affirmed the city’s Baa3 general obligation bond rating after a two-month review. Financial mismanagement and federal corruption charges have dogged the New Haven suburb, which is
The IMF has launched a biting attack on the UK’s plan to implement £45bn of debt-funded tax cuts, urging the government to “re-evaluate” the plan and warning that the “untargeted” package threatens to stoke soaring inflation. The multilateral lender said it was “closely monitoring” developments in the UK and was “engaged with the authorities” after