The US Securities and Exchange Commission has raised concerns over Rokos Capital Management after the hedge fund was forced to hand over large amounts of cash to its banks as collateral when an outsized bet on US government bonds backfired earlier this month. SEC chair Gary Gensler brought up the hedge fund during calls with
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Lawmakers in Maine hoping to avoid a government shutdown at the turn of the fiscal year are working to cleave Gov. Janet Mills’ $10.3 billion biennial budget proposal in two. The state Senate’s Appropriations and Financial Affairs Committee announced on Thursday a plan to partition the governor’s proposal for fiscal years 2024 and 2025 into
Municipals finished out a nerve-wracking week on a strong note, with yields falling by as much as nine basis points on the short end while U.S. Treasuries strengthened and equities came under pressure. As holders of bank stocks headed for the exits and muni investors looked on nervously from the sidelines as the Federal Open
The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptos, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence. Following the collapse of major banks such as Silicon Valley Bank and Credit Suisse, confidence in traditional
A Texas House committee ditched an appropriation to potentially pay off $3.52 billion of recently issued bonds from a natural gas securitization deal, but left open the possibility for the funding’s return. Thursday’s action by the House Appropriations Committee approving its version of a supplemental appropriations bill without the funding came the same day the
In this article JPM WFC GME SQ Follow your favorite stocksCREATE FREE ACCOUNT Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Yana Paskova | Bloomberg | Getty Images Check out the companies making headlines
Moody’s Investors Service raised the outlook on Guam to positive from stable on Thursday. The outlook is on the Ba1 rating of the territory’s general obligation, special tax rating, and the Ba2 rating on its certificates of participation rating, all of which were affirmed. The improved outlook stems from Guam’s improved financial position resulting from
New York officials are looking with caution as the fallout from the Signature and Silicon Valley Bank failures casts a pall over budget negotiations. Both the city and the state are working on their fiscal 2024 budgets. The state’s fiscal year begins April 1 while the city’s starts on July 1. Amid rising inflation and
Wisconsin’s Republican legislative majority delivered its latest rebuke to Gov. Tony Evers’ biennial spending plan with their rejection of the Democrat’s $3.8 billion capital plan. The State Building Commission — which includes Evers, four Republican members, two Democrats, and a citizen voting member — rejected all of Evers’ line items at its meeting Thursday in
Dima_sidelnikov | Istock | Getty Images Recent headlines underscore the fragility of the stock market and, along with it, the ability for many investors to make reasonable decisions about their retirement readiness. Many who recall the violent reaction their portfolios had in the Dot Com Bubble and the Financial Crisis would prefer to avoid the
Manhattan District Attorney Alvin Bragg (D) is facing the biggest political test of his career: the possible indictment of former President Trump. It’s a consequential moment that could end with Bragg becoming the first in history to prosecute an indicted former president. As the possibility rises, Bragg is facing questions about the strength of his case,
As public health measures raised alarms across the world over state-sanctioned infringement on freedom of assembly and expression, government bureaucrats and private corporations alike have proven themselves similarly eager to violate financial liberties. Canadian Prime Minister Justin Trudeau invoked emergency powers last year to freeze the personal and corporate bank accounts of individuals involved with
Don’t screw this up — How The New York Times managed to avoid ruining Wordle Producer says new owners were wary to monetize or make changes to the viral hit. Kyle Orland – Mar 24, 2023 12:19 pm UTC Enlarge / Sometimes, building better Wordles means building the same Wordles…Aurich Lawson | Getty Images reader
With the advent of fintech and neo-banking, many issues and pain points that have long plagued the traditional financial system have been alleviated. Accessing personal finances has never been easier. Whether applying for a loan, budgeting or cashing a check, much of an individuals financial life is mediated digitally. This has meant huge growth for
Most decentralized finance (DeFi) lending is secured through collateral offered up by borrowers. Billions of dollars are currently locked in DeFi lending protocols like Aave, MakerDAOand Compound. These applications are only useful for the richest 1% of crypto users, as large sums of capital are needed to take out loans. Enter Huma Finance, a startup
DRM-free — The Ars Technica GOG collection: Our picks from GOGs big Spring Sale Ars staff hand-picked some classic and modern PC games for this DRM-free sale. Chuong Nguyen and Samuel Axon – Mar 24, 2023 11:30 am UTC Enlarge / Frostpunk, an alternate history survival city building simulation game.GOG.com reader comments 29 with Share
Do you think AAPL (APPLE) is a hot stock? Today we are going to look at setting up a trade on AAPL after earnings wth OPTIONS. Trading options can be a bit tricky, but we will break down this vertical spread hybrid and convert our vertical into a back-ratio spread. This can bring us a
In this article BAC DB SQ Follow your favorite stocksCREATE FREE ACCOUNT A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Deutsche Bank — The German lender’s shares tumbled 13% following a
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Environmental group Greenpeace’s latest salvo against Bitcoin (BTC) has seen the commissioning of an artwork aimed at highlighting its climate impact. Instead, the art piece has been widely praised by Bitcoiners, who want to adopt it as its mascot. On March 23, the climate activism group partnered with art activist Benjamin Von Wong for its