Market participants are upbeat with predictions about an economy showing few signs of recession, a record-breaking stock market and a Federal Reserve that is expected to start ratcheting down interest rates. Fresh economic data showing gross domestic product growing by an annual rate of 3.3% has bond issuers and ratings agency forecasters feeling bullish about
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Loading… Loading… The total cryptocurrency market capitalization rose to $1.69 trillion on Monday, reaching the highest valuation since May 2022. The surge in valuation comes amid escalating expectations for the landmark approval of a spot Bitcoin BTC/USD Exchange-Traded Fund (ETF), setting the stage for what could be a landmark year in the digital currency space.
Loading… Loading… CEOs of major banks, including JPMorgan Chase & Co. JPM and Barclays PLC BCS , reportedly held a private meeting in Davos on Wednesday to discuss the challenges posed by fintech firms and stringent regulations. What Happened: The CEOs, who were in Davos for the World Economic Forum, expressed concerns about the competitive
Loading… Loading… Stride Fundinghas announced a suite of initiatives to support employer-sponsored student loan programs. What Happened?The transformative model enables employers to sponsor education for students at high-quality educational programs (degree and non-degree) nationwide to reduce the debt burden. At the same time, this model tackles critical workforce shortagesparticularly in sectors like healthcare, manufacturing, and
All the news that’s fit to lift — Rocket Report: Iran reaches orbit; Chinese firm achieves impressive landing test “Our investors continued support is a recognition of our 18 months of hard work.” Eric Berger – Jan 26, 2024 12:00 pm UTC Enlarge / First and second stages of Blue Origin’s “New Glenn” test vehicle.Blue
As most in the industry already know, cannabis retailers simply dont get the same convenience when it comes to payments as other industries. Outside of cannabis, these businesses can speed up transactions with Apple Pay, Google Pay, or Shop Pay, while dispensaries get left in the past. Yet recent consumer behavior from Onbes 2022 Future
Moomoo, an investment and trading platform with over 20 million global users (Users of Moomoo Technologies Inc. and its affiliates as of 5/2023.), provides a powerful suite of tools and services designed for a professional-grade trading experience. The platform is known for its low fees, including zero-commission trading on U.S. stocks, ETFs and options, and
Accounting errors are a key factor driving Alaska’s Juneau School District into a shortfall amounting to more than 10% of its operating budget. But other underlying causes of the deficit are ones faced by other school districts in the state. Flat state funding and the end of pandemic-era federal relief funds combined with an aging
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The International Court of Justice has ordered Israel to limit harm to Palestinians in Gaza in a politically explosive case brought by South Africa that alleges the country is committing genocide in the enclave. In
Loading… Loading… Semiconductor stocks have fallen in the first two trading sessions of 2024. Is this a sign of a strained market with valuations running too hot and prompting investors to take profits? Bank of America said it remained bullish on the Philadelphia Semiconductor Index (SOX) for 2024, despite its 65% gain in 2023. The
Tennessee, which imposes notoriously demanding requirements on residents with felony records seeking restoration of their voting rights, recently added a new wrinkle: Before supplicants who have not managed to obtain a pardon are allowed to vote again, they have to successfully seek restoration of their gun rights, a task that is complicated by the interaction
Escalating the situation — X cant stop spread of explicit, fake AI Taylor Swift images Will Swifties war on AI fakes spark a deepfake porn reckoning? Ashley Belanger – Jan 25, 2024 8:30 pm UTC EnlargeAxelle/Bauer-Griffin / Contributor | FilmMagic reader comments 199 Explicit, fake AI-generated images sexualizing Taylor Swift began circulating online this week,
All investment is risky. What better way to avoid that risk than to use other people’s money? Federal, state, and local governments dispense gifts, grants, and loans to private companies, generously funded by taxpayers and usually with vague promises of economic development in return. While politicians say they don’t like to pick winners and losers,
Let’s go LISA — LIGO goes to space: ESA to proceed with LISA gravitational wave detector A gravitational wave detector in space will be sensitive to unexplored phenomena. John Timmer – Jan 25, 2024 10:21 pm UTC Enlarge / The LISA project will consist of three spacecraft in a triangular configuration, exchanging lasers.EADS Astrium reader
In a victory for privacy rights, the country’s leading video doorbell company announced this week that it would no longer give law enforcement agencies direct access to customers’ footage. Ring, which is owned by Amazon, offers a companion app called Neighbors, which lets users upload and share footage captured by their Ring video doorbells and
An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China’s financial institutions should provide strong support to the country’s beleaguered real estate sector and not “blindly withdraw” financing for projects facing difficulties, according to a senior Chinese financial regulatory official. His strongly worded comments follow the
About £75mn of assets linked to Conservative peer Michelle Mone and her husband have been frozen or restrained by court order as the pair face a National Crime Agency investigation into alleged PPE fraud. The court order seen by the Financial Times covers assets including a six-bedroom Belgravia townhouse, a country estate on the Isle
Municipals saw a more constructive secondary trading session Thursday and mutual funds reported the third consecutive week of inflows while U.S. Treasuries improved. Stocks continued to break records after another report of hotter economic data, which is leading more participants to pare back rate cut timing expectations. LSEG Lipper reported Thursday that investors added $210.6
Guam’s issuer rating was raised to investment grade by Moody’s Investors Service, which cited significant military construction and other federal government support. Moody’s upgraded Guam’s issuer rating, general obligation bonds, hotel occupancy tax bonds, and business privilege tax bonds to Baa3 from Ba1 and raised the COPs to Ba1 from Ba2. The outlook is stable.
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. The four-acre estate in Southampton, New York, known as La Dune, was sold by Concierge Auctions at a starting bid of $66 million. The property was sold in two parts — one house sold