China announced “historic” steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy “some” apartments, relaxing mortgage rules and pledging to deliver unfinished homes. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments,
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Municipal bonds saw a touch of weakness in spots as the last large issues of the week priced while municipal bond mutual fund flows show retail engaged and high-yield continuing to outperform the broader investment-grade market. U.S. Treasuries faced some pressure on a slew of economic data and Fed speak that gave participants pause on
Exchange-traded funds have seen inflows over the past several weeks as demand grows, showing improved retail investor sentiment and a better market environment overall. LSEG Lipper reported muni ETFs saw $91 million of inflows for the week ending Wednesday after $922 million of inflows the week ending May 8, while the Investment Company Institute reported
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Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb, confirming months of speculation that it had made a big new investment. Berkshire owned 25.92 million Chubb shares as of March 31, according to a regulatory filing detailing Berkshire’s US-listed holdings as of that date. The disclosure sent Chubb’s share price to a record high
Donald Trump’s “hush money” trial is set to resume with his former lawyer and “fixer” Michael Cohen to resume testimony. Trump’s lawyers plan on undermining Cohen’s version of events and portraying him as a liar during cross-examination. Cohen previously testified to having lied to Congress, misleading the FEC, and writing phony check stubs to cover
Loading… Loading… Editor's note: The headline of this story has been updated to reflect that Interactive Brokers' new desktop product is in addition to, rather than a replacement of, the TWS platform. Interactive Brokers Group Inc IBKR recently launched an updated desktop trading applicationfor Windows and Mac users. Benzinga spoke with Steve Sanders, the firms
Loading… Loading… In a surprising turn of events, venture capital firm General Catalyst, an early investor of companies like Snap Inc., Stripe and Mistral, is on the brink of raising nearly $6 billion for tech start-up investments, despite the current fundraising drought in the sector. What Happened: General Catalyst could finalize its latest fund as
A Washington state family came within a few feet of an aggressive cougar when it ventured into their backyard and chased their beloved pets, a nail-biting video showed. On Saturday, the big cat darted out of the trees and into the Havener familys Monroe backyard, where it immediately set its sights on their two cats,
Loading… Loading… On Tuesday,JanoverIncJNVR announced that it has officially launchedJanover Insurance GroupInc, its newinsurtechsubsidiary for commercial property insurance andmore. The company also announces it has been granted insurance licenses in Texas and Florida, with multiple applications in progress in several other states. Our ability to navigate large complex transactions in a marketplace model, particularly in
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Walmart shopping bag is seen in Krakow, Poland on February 9, 2024. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in premarket trading. Under Armour — The sportswear maker’s Class A shares slumped 11% and its Class C stock fell
Gone in 12 seconds — MIT students stole $25M in seconds by exploiting ETH blockchain bug, DOJ says Brothers charged in novel crypto scheme potentially face decades in prison. Ashley Belanger – May 15, 2024 8:21 pm UTC EnlargeOleksandr Shatyrov | iStock Editorial / Getty Images Plus reader comments 146 Within approximately 12 seconds, two
Loading… Loading… Editor's note: The headline of this story has been updated to reflect that Interactive Brokers' new desktop product is in addition to, rather than a replacement of, the TWS platform. Interactive Brokers Group Inc IBKR recently launched an updated desktop trading applicationfor Windows and Mac users. Benzinga spoke with Steve Sanders, the firms
liquid reality — Google unveils Veo, a high-definition AI video generator that may rival Sora Google’s video synthesis model creates minute-long 1080p videos from written prompts. Benj Edwards – May 15, 2024 8:51 pm UTC Enlarge / Still images taken from videos generated by Google Veo.Google / Benj Edwards reader comments 60 On Tuesday at
Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
BUSTED — BreachForums, an online bazaar for stolen data, seized by FBI An earlier iteration of the site was taken down last year; now its reincarnation is gone. Dan Goodin – May 15, 2024 10:37 pm UTC Enlarge / The front page of BreachForums. reader comments 24 The FBI and law enforcement partners worldwide have
Loading… Loading… While higher interest rates make bonds appealing, navigating the buying process may be challenging, especially for inexperienced retail investors. OpenYield emerges as a better way to capitalize on high interest rates. Founded by CEO Jonathan Birnbaum and CTO Hilton Lipschitz, this fixed-income trading platform caters to the resurgent interest in bond investments. It
In this article CB Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire Hathaway has bought nearly 26 million shares
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