A development towers over the Lyric Theater in Miami's Overtown neighborhood.Greg IacurciMIAMI โ Nicole Crooks stood in the plaza of the historic Lyric Theater, a royal blue hat shielding her from the midday sun that baked Miami.In its heyday, the theater, in the city's Overtown neighborhood, was an important cultural...
Author: admin
U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
Economic activity in the U.S. was considerably stronger than expected during the second quarter, boosted by a strong consumer, government spending and a sizeable inventory build, according to an initial estimate Thursday from the Commerce Department.Real gross domestic product, a measure of all the goods and services produced during the...
Spot ether ETFs are set to trade Tuesday. Hereโs what it means for the Ethereum blockchain
Nurphoto | Nurphoto | Getty ImagesSpot ether exchange traded funds are set to begin trading on Tuesday. Crypto enthusiasts are hopeful it will broaden the investor base for Ethereum, a blockchain technology many argue has a far wider use case than bitcoin. These ETFs will invest directly in ether, which is the...
Bill Ackman’s IPO of Pershing Square closed-end fund is postponed, NYSE says
Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the New York Stock Exchange's website.The initial public offering of Pershing Square USA Ltd., with the...
Fedโs key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut
An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut.The personal consumption expenditures price index increased 0.1% on the month and was up 2.5% from a year ago, in line...