US state and federal officials urged people to do more to combat the accelerating spread of coronavirus as a record number of hospitalisations threatened to put an unprecedented strain on healthcare systems across the country.  Local authorities in California’s Bay Area, home to San Francisco and Silicon Valley, issued a “stay at home” order on Friday
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One of the United States’ top financial regulators said Thursday that new regulations on bitcoin and other cryptocurrencies were coming soon, but he downplayed concerns that the new rules would be disruptive. Brian Brooks, the acting comptroller of the currency, told CNBC’s Melissa Lee on “Squawk Box” to expect “clarity” on cryptocurrency in the next
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Crude oil holds a prominent position in the global commodities market because oil price changes impact the global economy. Crude oil prices are largely dependent on two factors: Geopolitical developments Economic events These two variables can lead to changes in oil demand and supply levels, which drives oil price fluctuations from one day to the next. For
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Municipals ended the week little changed ahead of an at least $9 billion new-issue calendar led by a Puerto Rico Aqueduct and Sewer Authority $1.4 billion refunding deal and a Massachusetts $1.2 billion of taxable general obligation revenue anticipation notes, among an eclectic mix of credits. Triple-A benchmarks held steady with some curves showing minor
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The Walt Disney Company (DIS) is reportedly considering whether three upcoming films, all potential blockbusters, should go straight to the Disney+ video streaming service rather than premiering in movie theaters. If so, this might provide an added growth spurt to the Disney+ service while delivering another severe blow to the already embattled movie theater business,
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A house for sale in Sarasota, Florida Scott Mlyn | CNBC  Thanksgiving week isn’t usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in the pandemic-spiked housing market.  Mortgage applications to purchase a home jumped 9% last week from the previous week, according to the Mortgage Bankers Association’s seasonally
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Have you ever heard coworkers talking around the water cooler about a hot tip on a bond? No, we didn’t think so. Tracking bonds can often be about as thrilling as watching the grass grow, whereas watching stocks can have some investors as excited as NFL fans during the Super Bowl. However, don’t let the
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Municipal yields held steady on AAA benchmarks Thursday amid choppy trading that veered toward sideways as inflows, rich muni/U.S. Treasury ratios and not enough new paper have become status quo in the market. Municipals are decoupled from U.S. Treasuries, which can clearly be seen in rich ratios (the 10-year muni as low as 70% of
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Bitcoin prices are up 300% since March, showing a dramatic breakout even as other markets have gone lower. With bitcoin holding 66% of the total crypto market cap, experts point to bitcoin’s maturity as one reason for its strength. Bitcoin has rallied over 75% since early September. During that same time period, both gold and
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Travel Rewards Credit Cards Pexels As summer travel heats up, it’s an opportune time to consider a rewards credit card. Here’s what you need to know and how to choose the best rewards credit cards. What Are The Major Types of Rewards Credit Cards? There are several types of rewards credit cards, including cash back
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Congress has passed legislation that would force Chinese companies to delist from American exchanges unless they comply with US accounting rules. The House of Representatives on Wednesday passed the bill, which could affect companies from China Telecom to Alibaba, following Senate passage in May. Donald Trump is expected to sign the legislation, which has benefited
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At the end of the second quarter 2018, the United States’ trade deficit increased to its highest level since 2008. This was due to a steady rise in imports that was, in turn, fueled by strong domestic demand. According to the Bureau of Economic Analysis, the U.S. trade deficit reached $63.9 billion in September 2020, down $3.2 billion
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