The U.S. Securities and Exchange Commission (SEC) wants to sue Paxos for issuing and listing stablecoin Binance USD (BUSD) to the benefit of its top-rival stablecoin Tether (USDT), whose market capitalization has risen to multi-month highs. BUSD market cap drops by $2 billion The SEC asserts that BUSD, a U.S. dollar-backed stablecoin, is a security,
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Can major social media stocks deliver in earnings season? Will the trio of FB, LNKD, TWTR manage to impress investors with their most recent reports? Watch our video for clues on how these companies might perform in the days ahead. Facebook: http://www.zacks.com/stock/quote/FB?cid=CS-YOUTUBE-FT-VID LinkedIn: http://www.zacks.com/stock/quote/LNKD?cid=CS-YOUTUBE-FT-VID Twitter: http://www.zacks.com/stock/quote/TWTR?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter:
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The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars. The U.S. Trustee’s Argument for an Independent
Puerto Rico Oversight Board member Justin Peterson and other observers of the Puerto Rico Electric Power Authority bankruptcy criticized what they said was the board’s attack on U.S. revenue bonds in the lien adversary proceeding and called for state attorneys general to intervene. “The board’s actions and arguments in the PREPA lien adversary proceeding are
Municipals sold off Wednesday in secondary trading, with the short end seeing the largest cuts, as several large deals priced in the primary. U.S. Treasuries were weaker and equities ended mixed after a strong retail sales report. Triple-A benchmark yields were cut six to 16 basis points, depending on the scale, pushing the one-year muni
Nicola Sturgeon announced her resignation as Scotland’s first minister and leader of the Scottish National party on Wednesday after a backlash over her strategy for securing independence and controversy over proposed gender laws. A thorn in the side of UK prime ministers for almost a decade, Sturgeon led the pro-independence SNP to repeated electoral success
Charlie Munger, a shareholder and board member for The Daily Journal, is set to speak at the newspaper’s virtual annual meeting Wednesday. Munger stepped down from his chairman title at the Los Angeles-based Daily Journal last year. The 99-year-old investor also donated $1 million of stock to create an equity-incentive plan at the company at the
America’s homebuilders are growing more bullish as buyer demand picks up, driven in part by slightly lower mortgage rates. Homebuilder confidence in the market for newly built single-family homes in February rose 7 points to 42, according to the National Association of Home Builders/Wells Fargo Housing Market Index. This is the highest reading since September
Green Check Verified (GCV),a fintech provider of compliant cannabis banking solutions and services haslaunched Green Check Connect or GCC a new marketplace enabling marijuana-related businesses to find reliable financial service providers. The idea behind this marketplace is to help cannabis companies with one of their biggest struggles financial, as it connects them with providers that
The following is the opening satirical monologue from The Andrew Klavan Show. As you know, the State of the Union was delivered this week by the president of the United States, a doddering old wreck sinking into oblivion through a fog of lies and self-delusion, which by some strange coincidence is also the state of
NOT THE PYPI PACKAGE YOU’RE LOOKING FOR — Latest attack on PyPI users shows crooks are only getting better The code found in the malicious packages closely resembled legit offerings. Dan Goodin – Feb 14, 2023 11:37 pm UTC EnlargeGetty Images reader comments 35 with Share this story Share on Facebook Share on Twitter Share
Nearly $2.7 billion USD worth of crypto has been lost in 2022 to hacks of smart contracts or protocol infrastructure a 63% increase from last year. With flash loan attacks remaining detrimental to blockchain sustainability, Q2 2022 experienced over $870 million USD in losses. The attacks plaguing Web3, however, are no different than the tried
AI’s existential crisis — AI-powered Bing Chat loses its mind when fed Ars Technica article “It is a hoax that has been created by someone who wants to harm me or my service.” Benj Edwards – Feb 14, 2023 11:46 pm UTC EnlargeAurich Lawson | Getty Images reader comments 322 with Share this story Share
They came up with the “Privacy Sandbox” name on opposite day — Android launches yet another way to spy on users with Privacy Sandbox beta Rather than match iOS’s tracking limits, Google built an additional tracking system. Ron Amadeo – Feb 14, 2023 10:29 pm UTC EnlargeAurich Lawson / Getty Images reader comments 110 with
Topline The number of homes scooped up by investors fell at a record pace last quarter amid higher mortgage rates and forecasts calling for substantial declines in home prices—further clouding the outlook for real estate investing but a positive development for potential home buyers looking to reap the benefits of falling housing prices. Key Facts
Former Pittsburgh-based banker Maurice “Mossie” Murphy Jr. moved on from the public finance business more than decade ago but he left his mark on colleagues who said his big personality, camaraderie, and support stood out in their competitive field. Murphy died in December after a three-year battle with cancer. He was 58. Murphy joined the
Hudson Technology: https://www.zacks.com/stock/quote/HDSN?cid=CS-YOUTUBE-FT-VID John Bean Tech: https://www.zacks.com/stock/quote/JBT?cid=CS-YOUTUBE-FT-VID Earnings growth comes in a lot of different packages. Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
The Indian government announced during the annual budget on Feb. 1 that the country will increase infrastructure spending by 33% to 10 trillion rupees ($122.29 billion) in the next fiscal year. Bloomberg | Bloomberg | Getty Images Indian markets have been volatile as the Adani crisis continues to dominate headlines, but analysts say this could
Municipals were weaker Tuesday, while USTs saw yields rise and equities ended mixed after a hotter-than-expected consumer price index report showed inflation may take longer to combat, and require higher rates, than the Federal Reserve planned. Triple-A benchmarks were cut one to six basis points, depending on the scale, while UST yields rose nine to