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Vikram Rai, head of Citi’s municipal strategy group, has left the firm, he announced on Monday, after his position was eliminated. “Today was my last day at Citi,” he said in an email to clients. “I got cut,” he told The Bond Buyer. “I’m looking for a new job now.” Rai is an outspoken and
The S&P 500 Index (SPX) snapped a five-week winning streak last week but it is still on track to close the first half of the year with stellar gains of nearly 13%. The tech-heavy Nasdaq Composite has done much better as it is up about 29%. Both these indices have been overtaken by Bitcoin (BTC)
Richard Ravitch, one of the financial saviors of New York City’ during the near bankruptcy of the city in the 1970s, died Sunday. He was 89, just over a week shy of his 90th birthday. Ravitch, a former Lt. Governor of New York State and chair of the New York Metropolitan Transportation Authority, was an
Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread from blockchain analytics firm Nansen. The network had been seeing less than 300,000 transactions per day before the upgrade, but this figure increased to over 550,000 by the middle of June. Since Optimism’s Bedrock upgrade
The head of the Wagner private military group has denied trying to overthrow the Russian government but redoubled his criticism of the country’s defence establishment in his first public comments since Saturday’s abortive march on Moscow. In an 11-minute voice recording posted on Telegram on Monday, Yevgeny Prigozhin said his goal had been to protest
Budrul Chukrut | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Lucid Group — Lucid shares jumped 9% after the electric vehicle maker said it will provide powertrain and battery systems to British luxury automaker Aston Martin. WSFS Financial — The regional bank added 4.4% after D.A. Davidson upgraded the
A recent surge in activity surrounding exchange-traded funds has led to the largest weekly inflow for digital asset investment products since July 2022, according to a June 26 report via CoinShares. Totalling $199 million, inflows for the week of 19–23 June turned around a nine-week string of consecutive outflows, with Bitcoin (BTC) representing the lion’s
Venture capital financing in the crypto space is no different from typical VC, except the startups benefiting from financing operate in the cryptocurrency market. Venture capital businesses in the cryptocurrency sector concentrate their investments on startups and initiatives linked to cryptocurrencies, blockchain technology, decentralized finance (DeFi) and other cutting-edge distributed ledger technology applications. Projects creating
Republican senators are leaning on Chief Justice John Roberts to do something about the Supreme Court’s appearance problem in the wake of reports that conservative Justices Clarence Thomas and Samuel Alito accepted luxury vacations from conservative donors. While Republicans don’t support Supreme Court ethics reform legislation sponsored by Democrats, they think the reports that
Rising global temperatures are a danger to economic growth, as well as social and political stability. United Nations member states aim to cut greenhouse gas emissions in half by 2030 and reduce them to zero by 2050. As a result, the market for carbon credits is expected to grow to $10 trillion, according to DevvStream
Investors are on the hunt for undervalued, underfollowed and emerging stocks, and retail traders have countless methods at their disposal to uncover new information. For some, this may be overwhelming. Benzingas Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks each week that are just under the surface
BTD Capital Fund DIP , the actively managed ETF, is powered by an AI thats been trained to apply the classic buy the dip strategy to manage the funds portfolio. While other AI-driven ETFs have also deployed emerging tech in stock selection, DIP is the first fund on the market to use AI for both
Broker firmBTIGinitiated coverage on fintech stocks. SoFi, Upstart, PayPal, Opurton Financial, and Jack Henry & Associates stocks are surging after the rating, while those of Affirm, Block, Marqeta, Open Lending, and Green Dot are falling. BTIG analyst Lance Jessurun initiated coverage onSoFi TechnologiesSOFI with aBuy rating and a Price Target of $14. SoFi, which went
Twitter founder Jack Dorsey is unrelenting in his bid to support the development of the Bitcoin BTC/USD protocol and he has made a new funding commitment to Brink, a Web3.0 hub that supports developers in the network.The Jack Dorsey Commitment As the blockchain startup revealed, the total funding commitment pledged by Jack Dorsey is pegged
SACRAMENTO, Calif. A mountain of evidence shows police often fail to respond properly to people experiencing a mental health crisis. It can lead to avoidable deaths and criminalization of mental illness, especially among people of color. A poll commissioned by Public Health Advocates, a Davis-based health policy nonprofit, showed that more than two-thirds of California
Yesterday’s news — Meta wont negotiate with publishers, will end Facebook news in Canada A small percentage of Canadian Facebook users is already losing access to news. Ashley Belanger – Jun 23, 2023 2:53 pm UTC EnlargeEmmeci74 | iStock / Getty Images Plus reader comments 7 with Yesterday, Canada passed its Online News Act, which
Setting sail — Drones take to the waves: Saildrones are getting data where people cant They can monitor the Antarctic year round and sail straight into hurricanes. Alka Tripathy-Lang – Jun 21, 2023 11:40 am UTC Enlarge / A Voyager-class saildrone.Saildrone reader comments 79 with Science fiction often paints a terrifying picture of the futurethink