Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The DeFi ecosystem started 2023 on a bullish note, similar to the broader cryptocurrency market. However, the bullish start to the year didn’t diminish the damage caused by vulnerabilities
To live in the Mexican town of San Miguel de Allende is to live close to the past as well as the very vibrant present. Authentic Spanish-Colonial buildings — brightly painted along picturesque cobblestone streets — and period churches have forged the town’s reputation as a must-see destination for world travelers. The 64-block city center
In 2022, Sweden’s central bank undertook an aggressive interest rate hiking cycle that ricocheted through the property market. JONATHAN NACKSTRAND / Contributor / Getty Images Sweden’s property prices are facing a serious drop as the country’s former central bank governor warns of lofty household debt levels. House prices in Sweden have risen fairly reliably over
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Municipals were firmer Thursday as inflows into muni mutual funds returned and triple-A benchmarks continued to fall, underperforming a U.S. Treasury rally after the consumer price index report showed inflation is cooling. Equities ended up. The three-year muni-UST ratio was at 58%, the five-year at 62%, the 10-year at 68% and the 30-year at 91%,
BlackRock’s Larry Fink has admitted that “negative markets had a substantial impact” on the world’s largest fund manager last year, wiping out $1.4tn of its assets and hitting profits. In an internal memo seen by the Financial Times, the chief executive said the operating environment “is unlike anything we’ve seen in decades”. His comments come
Moody’s Investors Service upgraded southern New Jersey’s Cooper Health System to A3 from Baa1. The action affects about $312 million of debt. The outlook, previously positive, is stable at the new, higher rating. The upgrade comes as the nonprofit hospital operator, marketed as Cooper University Health Care, begins to carry out a $2 billion ten-year
Tyler Winklevoss, the co-founder of cryptocurrency exchange Gemini, has hit out at the regulator charging the exchange over issuing unregistered securities, calling the allegations “super lame” and a “manufactured parking ticket.” In a series of tweets on Jan. 12, Winklevoss shared his disappointment over the charges from the Securities and Exchange Commission (SEC) regarding Gemini’s
Los Angeles, CaliforniaJan. 11, 2023Flights prepare to take off at LAX on Jan. 11, 2023 after an FAA computer problem. Carolyn Cole | Los Angeles Times | Getty Images Check out the companies making headlines in midday trading. Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. It
Our weekly roundup of news from East Asia curates the industry’s most important developments. Huobi’s disgruntled employees According to local media reports, cryptocurrency exchange Huobi Global has terminated all year-end employee bonuses and benefits, as well as axed its entire core development staff located in mainland China. The laid-off staff will be instead switched to
Charlotte, North Carolina will be this year’s hottest housing market, according to a Zillow analysis. Cleveland, Pittsburgh, Dallas and Nashville join Charlotte in the top five of the Zillow 2023 hottest markets list. “This year’s hottest markets will feel much chillier than they did a year ago,” said Anushna Prakash, economic data analyst at Zillow.
In light of China’s reopening and easing of Covid rules, Hong Kong’s property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong. The retail market in particular will reap the “best benefit,” Hannah Jeong, Colliers’ head of valuation and advisory services, told CNBC’s “Squawk Box Asia” on
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Stern Brothers bolstered its underwriting bench with the addition of Alice Livingston in its Sacramento, California, office. Livingston joined the firm last week as a managing director. “Alice is a highly regarded industry professional with a track record of success delivering strategic financial and marketing solutions to clients,” Pepe Finn, Stern’s chief executive officer, said
Annual US inflation fell in December to its lowest level in more than a year, in a further sign that price pressures have peaked amid the Federal Reserve’s historic campaign to tighten monetary policy. The consumer price index, published by the Bureau of Labor Statistics on Thursday, declined for a sixth consecutive month, registering an
‘Degen’ season smells like pixelated feet Feetpix.wtf’s newly launched nonfungible token (NFT) collection, “Feetpix,” has seemingly taken the NFT community by storm with surging trading volumes, prompting some to suggest the return of “degen” season. Feetpix.wtf’s collection soared ahead of Bored Ape Yacht Club (BAYC) on Jan. 11 with the fifth-highest trading volume recorded on
Federal Reserve Bank of Boston President Susan Collins said she’s leaning toward supporting a quarter-point interest rate hike at the central bank’s next meeting ending Feb. 1 as officials near a peak in borrowing costs. Downshifting to a smaller move from the more aggressive rate increases the Fed rolled out last year would give officials
JPMorgan Chase CEO Jamie Dimon says he “shouldn’t ever use the word hurricane” when warning about the U.S. economy. However, he insisted that there are “storm clouds” that “could be a hurricane.” JPMorgan CEO Jamie Dimon on US Economy The chief executive of global investment bank JPMorgan Chase, Jamie Dimon, discussed the U.S. economy in
A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters The pace of consumer inflation is expected to have fallen slightly in December from the prior month because of a sharp drop in gasoline and energy prices, but the annual rate is