In a recent interview,Reid Hoffman, ex-COO of PayPal Inc PYPL , blasted Tesla and SpaceX CEOElon Muskfor his handling of a merger that led to the creation of PayPal. Musks internet banking firm, X.com, merged with Confinity, a security software company co-foundedby Peter Thiel, in 2000.The union of these two companies eventually brought about PayPal.
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The U.S. Treasury Department has finally given some clarity and perhaps a sigh of relief to Bitcoin BTC/USD miners with a 300-page proposal under the 2021 Infrastructure Investment and Jobs Act. The proposal clarifies the tax reporting and data collection obligations of crypto exchanges, payment processors, and BTC mining operations. A new tax form, the
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The Federal Aviation Administration is granting more money to airports that could help reduce the industry’s reliance on debt financing for making infrastructure improvements.   Airport infrastructure projects are financed through a combination of funding including bonds and the FAA’s Airport Improvement Program, which carries restrictions about what the money can be used for.  Funding from
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Municipals had a slightly firmer tone Wednesday while U.S. Treasuries were little changed and equities ended up. Triple-A yields fell one to three basis points, depending on the curve, while UST maintained levels in a subdued session. While munis underperformed UST Tuesday, “there has been firmness in the muni market throughout the past week,” said
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Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the “Oracle of Omaha” turned 93 Wednesday, his conglomerate is stronger today than it’s ever been. Berkshire shares have roared back to an all-time high on record
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Mathew Owens, a British physicist and professor of space physics at the University of Reading,has warned that aonce-in-century solar storm could fry power grids and knock out satellites. The sun’s activity is currently growing and scientists are particularly concerned about the ongoing solar cycle. It is already more active than the previous cycle, which means
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Leading commission-free investing and trading app Robinhood HOOD recently introduced 24/5 trading for select stocks and ETFs. This innovation transcends the limitations of traditional trading hours, granting traders an unparalleled window to global equity markets day and night. Beyond just flexibility, this feature equips traders with the tools to preempt opportunities, adeptly maneuver through market
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The banking landscape post-COVID-19 pandemic looks different, with some surveys showing upwards of 90% of consumers prefer managing their money in one place, online. The tech-forward banks are some clear winners in this race, particularly following the financial crises over the last two years. Benzinga chatted with JPMorgan Chase & Co JPM Chief Product Officer
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