Credit Suisse is raising SFr1.7bn ($1.9bn) of capital from investors in a bid to rebuild its balance sheet as it reels from back-to-back crises involving Archegos Capital and Greensill Capital that have triggered investigations by the Swiss financial regulator. The Swiss lender said on Thursday it would sell 203m convertible notes to existing shareholders as it
Municipals were steady on Wednesday as the focus remained on the primary with secondary trading light and high-grade municipal scales and U.S. Treasury yields both unchanged while investors again poured in billions into municipal bond mutual funds. “Munis continue to rest comfortably in their range as bulge bracket deals hit the primary,” Jeffrey Lipton, head
The arrival of institutional investors and the rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector but it has also highlighted a number of persistent limitations that many blockchain networks encounter when faced with surges in activity and the need to scale. High fees and slower transaction times on
Veteran trader and chart guru Peter Brandt has made a cheeky correlation between the current Bitcoin market correction and the prevalence of ‘laser eyes’ on Twitter. In a tweet on April 18, the technical analyst tied the correction to irrational exuberance in markets as exemplified by the meme: “The chances of a correction in cryptos
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Wednesday that “justice was served” after a jury found ex- Minneapolis police officer Derek Chauvin guilty on all three charges,
Traders on the floor of the New York Stock Exchange. Source: NYSE The market is showing some signs of exhaustion, and with good reason. Most major parts of the market have run up significantly in the past month. But there is a growing chorus warning that we are at “peak everything.” That is, peak earnings
In this article NTGR LVS KMI TDC CHDN CMG WHR David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Wednesday: Kinder Morgan — Shares of the energy infrastructure company gained 3.5% after the company first-quarter earnings that topped analyst expectations. The company posted earnings per share
A group of anon uni students has come up with a way to hit former President Donald Trump where it hurts: by using his Tweets against him to raise money for charities they believe he “despises”. ‘Strategic Meme Group Incorporated’ has set up the website Drumpfs.io to sell Trump’s tweets, at least as recorded by
The University of Illinois Urbana-Champaigns’ Solar Decathlon 2020 entry, focused on a growing market of young professional homeowners seeking an affordable home that can adapt to their growing needs. The house was called the ADAPTHAUS because the team designed the house with several features that can be altered to function for multiple purposes and be
A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters A home in the Hamptons rented for $2 million for the summer, as demand far outstrips a record low supply of homes for sale and for rent, according to brokers. The number of homes listed for sale in the Hamptons plunged
A union for the Puerto Rico Electric Power Authority filed a legal challenge on Tuesday to block the authority’s planned privatization but observers say it has little chance of success. The Union of Electric Industry and Irrigation Workers (UTIER for its Spanish initials) filed the adversary proceeding in the authority’s bankruptcy proceedings in the United
Chelsea and Manchester City are preparing to pull out of the European Super League after rival football clubs, managers, players, fans and politicians united in opposition to the controversial plans. The two English clubs have begun the process of withdrawing from the new league, according to people briefed on the decision, as other clubs also
Municipals were steady as the market digested large deals from California, New York and Washington state in a week heavy on state credits while Treasury yields fell and stocks were mixed. It was all about the primary Tuesday with the Triborough Bridge and Tunnel Authority MTA deal repricing as much as 17 basis points lower
sponsored The Ternoa Blockchain has just unveiled the alpha version of its SecretNFT Marketplace, a platform entirely dedicated to non-fungible tokens (NFTs). The platform, which uses Ternoa’s own CAPS token, comes with many features to promote its adoption among artists and lovers of NFTs. Ternoa launches its NFT platform, SecretNFT The Ternoa Blockchain has just
Value investor Bill Miller told CNBC on Tuesday that one of his firm’s funds sold its GameStop holdings during the Reddit-fueled frenzy that began earlier this year. “We had GameStop in our deep-value product, and I think our cost on it was around $4 or something,” Miller said in an interview on “The Exchange.” “When it got
Traders work on the floor of the New York Stock Exchange. NYSE Stocks are now in a choppy period, and technical analysts say it has the look of a short-term pullback. Strategists say it would make sense for this week’s selling to fit in the pattern of many pullbacks with a 3% to 5% decline.
Institutional investors have rallied around XRP this past week, with the assets under management, or AUM, or XRP investment products nearly doubling. According to CoinShares’ weekly digital asset fund flows report, roughly $33 million flowed into XRP products this week, pushing the sector’s AUM up to $83 million. The report describes the week as the
One team at the Solar Decathlon this year was particularly focused on a very important community – those military veterans returning home from wartime trauma with symptoms of PTSD. Nevada is reported to have 200,o00 veterans living in the State, making their project particularly relevant. The University of Las Vegas’ Mojave Bloom provides “a healing
Rocter | iStock | Getty Images Vacasa, which helps hosts not only list but manage their rental homes, is thinking about becoming a publicly traded stock, multiple sources told CNBC, looking to take advantage of an expected recovery in the vacation business as Covid vaccinations accelerate in the U.S. and federal and state governments lift
New Mexico expects to begin taxing legal marijuana sales a year from now under legislation signed this month by Gov. Michelle Lujan Grisham. “The legalization of adult-use cannabis paves the way for the creation of a new economic driver in our state with the promise of creating thousands of good paying jobs for years to
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