Bonds used to buy eight senior living properties in Michigan and Ohio are likely to default within six months, S&P Global Ratings said. On Dec. 21, S&P placed bonds issued for Great Lakes Senior Living Communities LLC — already rated deep in the speculative grades at CCC-minus — on CreditWatch with negative implications. The bonds
Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the broader market. Citadel’s multistrategy Wellington fund gained 15.3% last year, according to a person familiar with the returns. The flagship fund had
Cliff Asness. Chris Goodney | Bloomberg | Getty Images Cliff Asness’ longest running multistrategy fund at AQR Capital Management returned 18.5% last year, net of fees, according to a person familiar with the performance. The AQR Absolute Return strategy, which was created in 1998, benefited the most from profitable picks among value stocks in 2023, according
The Municipal Securities Rulemaking Board’s new rate card model is coming under fire by broker-dealer and municipal advisor groups for what those groups see as a lack of transparency, vague budget commitments and a warped process that sets spending plans before revenue for those targets has been met. The MSRB’s rate card model is new
From PharmaKure Jan 4 2024 PharmaKure, a clinical stage pharmaceutical company developing precision medicines for Alzheimer’s Disease and other neurodegenerative diseases, today announces that the UK Medicines and Healthcare Regulatory Agency (MHRA) has granted Clinical Trial Authorisation (CTA) for PharmaKure (or the “Company”) to commence a muti-ascending dose Phase 2a study to evaluate safety and
Loading… Loading… Major cryptocurrencies took a nosedive on Wednesday evening amid concerns about the possible approval of a spot Bitcoin ETF.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD -5.74%$42,746Ethereum ETH/USD -7.05%$2,207Dogecoin DOGE/USD -11.19%$0.071 What Happened: Data from Coinglass shows that in the past 24 hours, over $600 million worth of cryptocurrency longs, (which are bets on
Loading… Loading… A new survey reveals that 99% of U.S. financial services companies put similar, or more focus, on crypto or blockchain projects in 2023 compared to prior years. What Happened: Paxos surveyed 400 U.S.-based executives from companies with at least $50 billion in assets under management or $50 billion annual payments volume. Here's a
The world of investing is a fascinating one that offers numerous possibilities for anyone looking to grow their wealth. However, investing is not a one-size-fits-all endeavor. Each individual has different needs, preferences and goals, which require customized strategies. It's like embarking on a journey; while some may prefer leisurely strolls along well-trodden paths, others may
Loading… Loading… Digital asset bankSygnum recently conducted a survey to assess the impact of blockchain technology in comparison to crypto assets. According to the results, a substantial 81% of respondents believe that crypto assets are crucial for the future of global finance??. This survey underscores a significant shift in perceptions toward cryptocurrencies. Historically, the banking
Loading… Loading… Singapore-based fintech startup Alchemy Pay joined hands with Worldpay to enable users to purchase cryptocurrencies through credit and debit cards. What Happened: Alchemy Pay is partnering with U.K.-based Worldpay to grant access to the formers Visa and Mastercard payment rails. Alchemy Pays mission to promote the global adoption of digital assets by connecting
Loading… Loading… The COVID-19 pandemic brought an influx of new retail traders to the public stock markets. Post-pandemic, many of the retail traders are sticking around. Nasdaq NDAQ senior vice president and global head of data Brandon Tepper recognized this trend. "We've actually seen a huge rise in activity through the pandemic," Tepper told Benzinga
Loading… Loading… The once high-flying and now defunct German payment processing and financial services company, Wirecard, fell into oblivion after a fraud that involved the siphoning off of $2 billion from the companys balance sheet in June 2020 was uncovered. A new Wall Street Journal report now says the tainted companys COO Jan Marsalek may
key change — Microsoft is adding a new key to PC keyboards for the first time since 1994 Copilot key will eventually be required in new PC keyboards, though not yet. Andrew Cunningham – Jan 4, 2024 8:01 am UTC Enlarge / A rendering of Microsoft’s Copilot key, as seen on a Surface-esque laptop keyboard.Microsoft
SORRY, CHANGE PASSWORD — Mandiant, the security firm Google bought for $5.4 billion, gets its X account hacked Scammer impersonates legitimate cryptocurrency wallet, then pivots to trolling Mandiant. Dan Goodin – Jan 4, 2024 1:32 am UTC Enlarge reader comments 43 Google-owned security firm Mandiant spent several hours trying to regain control of its account
A new era for the classic thin-and-light — The Dell XPS laptop, as we know and love it, is no more 2024 laptops all look like the XPS 13 Plus. XPS 15, 17, and 2-in-1 going away. Scharon Harding – Jan 4, 2024 11:00 am UTC reader comments 12 The 2024 XPS laptop lineup: 13-inch,
Loading… Loading… From July 2021, Visa entered a consolidation phase, with its stock price oscillating between $174 and $252, testing investor patience over a two-year period. Despite a minor pullback after reaching $263, Visa's stock found support at the daily 20 simple moving average around $255, suggesting a regaining of buyer momentum. Surpassing the previous
Municipals were little changed Wednesday, while U.S. Treasury yields fell slightly and equities ended the session down after the Federal Open Market Committee’s December meeting minutes offered little insights into future rate cuts. The two-year muni-to-Treasury ratio Wednesday was at 56%, the three-year at 58%, the five-year at 58%, the 10-year at 58% and the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran said two “terrorist attacks” killed more than 100 people near a commander’s grave on Wednesday, according to reports by state media. Two explosions in the southern city of Kerman hit crowds gathering to commemorate
Arizona’s universal school voucher program would face greater oversight and restrictions under proposed legislation unveiled by Gov. Katie Hobbs Tuesday. Citing a projection the empowerment scholarship accounts (ESA) will cost the state nearly $1 billion this fiscal year, the Democratic governor called for increased accountability and transparency. ”Arizonans deserve to know their money is being
The Federal Reserve‘s effort to bring down inflation has so far been successful, a rare feat in economic history. The central bank signaled in its latest economic projections that it will cut interest rates in 2024 even with the economy still growing, which would be the sought-after path to a “soft landing,” where inflation returns to the Fed’s