Holders of restructured bonds of the Clare Oaks senior living community in Illinois are giving the facility some breathing room and funds to support capital needs under a forbearance agreement that staves off any punitive actions allowed after a payment default on $50 million of municipal bond debt. Clare Oaks’ previous fiscal struggles resulted in
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Hunter Biden has agreed to plead guilty to criminal tax violations and reached a deal with prosecutors over a separate firearm offence, just days after his father Joe Biden held the first rally of his 2024 presidential campaign. According to a court document filed on Tuesday in Delaware federal court, Hunter Biden was charged with
What Bitcoin Did podcaster Peter McCormack admits that he has a “weird relationship with Twitter,” as he believes it “brings out the worst in people.” He’s worked hard to build up more than half a million followers to promote his show but still isn’t sure that Twitter is a “net positive” because it “elevates a
Revolut, the UK-based neobank that offers crypto trading as part of its financial app, may have its application for a banking license rejected by the Bank of England, according to a report in The Telegraph. The BOE has told the UK Treasury that it's planning to reject Revolut's application, the newspaper reported, without saying where
Going where GPS can’t go — Scientists conduct first test of a wireless cosmic ray navigation system System could be used to guide underwater or underground robots. Jennifer Ouellette – Jun 17, 2023 9:30 pm UTC Enlarge / Cosmic rays showering down on Earth’s atmosphere are the basis of a new wireless alternative to GPS
Cathie Wood-run Ark Invest loaded up shares in Jack Dorsey-run Block, Inc. SQ on Wednesday, daily trade disclosure from the firm showed. Ark, through its flagship Ark Innovation ETF ARKK , and Ark Next Generation Internet ETF ARKW , and Ark Fintech Innovation ETF ARKF , bought 227,365 shares of Block valued at $15.06 million.
Theres a gap in the financial services market when it comes to integrating crypto into the mainstream financial system. FinXP is a European fintech company that is working to close this gap and help boost crypto adoption. It is a trusted partner for crypto companies requiring fiat banking and payment solutions; solutions that have now
The European VC market is in turmoil. The number of capital venture deals in Q1 2023 fell by 19.2%, while their value fell by a whopping 32.1% quarter-over-quarter to just under 12 billion Euros. VCs can no longer enjoy the low-interest rate environment of the past decade, with the European Central Bank (ECB) increasing key
On May 28, U.S. lawmakers released a draft of a bill allowing the U.S. to increase its debt ceiling. This bill alsoincluded a number of add-on taxes, such asthe Digital Assets Mining Energy (DAME) excise tax which proposed taxing crypto miners 10% of the cost of the electricity used for Bitcoin BTC/USD mining in 2024,
In today’s episode of let’s talk stocks, we are going to go back into some technical analysis basics and we’ll talk about the triple bottom stock chart pattern, which is a reversal pattern. In this episode, we will cover what the pattern looks like, its previous trend and volume, as well as some projections, entry points
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In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17
The S&P 500 Index (SPX) has gained for five consecutive weeks, the first such instance since November 2021. In comparison, Bitcoin (BTC) is trading well below its local high of $31,000, made on April 14. This shows a clear divergence between the performance of the two asset classes. Some analysts expect Bitcoin’s range-bound action to
The cost of a two-year fixed-rate mortgage in the UK rose above 6 per cent on Monday and two-year gilt yields rose to their highest level for 15 years, piling more pressure on homeowners and Rishi Sunak’s government. Mortgage costs have been rising sharply over the past week, ahead of an expected increase in interest
Jim Casselberry, Known Source: Known Black people in America won their personal freedom 158 years ago. Economic freedom, though, has been far more elusive. Veteran portfolio manager Jim Casselberry is trying to do something about that, using his four decades of investing experience to help bridge the gap for people of color and the Indigenous
Theres a gap in the financial services market when it comes to integrating crypto into the mainstream financial system. FinXP is a European fintech company that is working to close this gap and help boost crypto adoption. It is a trusted partner for crypto companies requiring fiat banking and payment solutions; solutions that have now
Origin, a financial wellness startup, announced its acquisition of Finny, leaving the financial terms of the deal undisclosed. Briefly:Origin will integrate Finnys education, content, curriculum, and debt management tools, further bolstering its platform which simplifies finances for individuals by making it easy to track spending, get advice, as well as manage investments. Impact: "I'm thrilled
Reconnecting — Parker Solar Probe images the launch of the solar wind This discovery is literally the hottest thing in a while. Elizabeth Rayne – Jun 19, 2023 11:15 am UTC Enlarge / An artist’s depiction of the Parker Solar Probe, along with its subject.NASA reader comments 5 with The solar wind swarms with charged
On May 28, U.S. lawmakers released a draft of a bill allowing the U.S. to increase its debt ceiling. This bill alsoincluded a number of add-on taxes, such asthe Digital Assets Mining Energy (DAME) excise tax which proposed taxing crypto miners 10% of the cost of the electricity used for Bitcoin BTC/USD mining in 2024,
Keep an eye out — The sleeper hits of Summer Game Fest 2023 Games about time travel, foam spraying guns, and… space hospitals? Kyle Orland and Sarah Leboeuf – Jun 18, 2023 11:00 am UTC Enlarge reader comments 32 with Further ReadingE3, now dead, was a show for a bygone game industryTo fill the hole