Life on The Strand in Manhattan Beach serves up the idyllic Southern California beach scene. Gray whales plow through the water on their twice-yearly migration, bottlenose dolphins play in the waves and passersby gather to watch the orange sun dip into the horizon. A pedestrian and bike path and a swath of sand are all
GPT-4, the latest version of artificial intelligence chatbot ChatGPT, believes the events of the last seven days could be bullish for Bitcoin (BTC), Ether (ETH), and Cosmos’ ATOM (ATOM), according to an AI-trading experiment run by Cointelegraph. The experiment is aimed at understanding GPT-4’s potential biases toward certain cryptocurrencies, how the events of last week
Workers at the Dollar General store. Jeremy Hogan | LightRocket | Getty Images The index gurus are at it again. Some of the best-known stocks are getting reclassified on Friday, and that means a lot of money is going to move around. Ever wonder why Walmart is classified as a consumer staples stock in the S&P
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese billionaire arrested in U.S. for $1B financial fraud According to an announcement published by the U.S. Department of Justice (DOJ) on Mar. 15, Chinese billonaire Ho Wan Kwok (aka Miles Guo and more commonly as Guo Wengui), has been arrested
In this article FRC MRK FDX Follow your favorite stocksCREATE FREE ACCOUNT A worker sorts packages at a FedEx Express facility on Cyber Monday in Garden City, New York, US, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. FedEx — The package-shipping
Munis largely ignored a U.S. Treasury sell-off as reports that some troubled banks were getting new funding helped calm investors’ concerns about a global banking crisis. Equities rallied on the news. Triple-A benchmarks were bumped up to five basis points, depending on the scale, while UST yields rose 10 to 25 basis points 10 years
A Biden administration proposal aimed at providing relief for transit agencies struggling with anemic ridership would benefit large agencies but could pressure smaller ones, local transit officials told a Senate panel Wednesday. President Joe Biden’s fiscal year 2024 budget, unveiled last week, would free up $6.7 billion in so-called 5307 urbanized area grant formula grants
In this article US6M Follow your favorite stocksCREATE FREE ACCOUNT Young man working at home Eva-katalin | E+ | Getty Images Investors seeking safety from last year’s market havoc went running to Uncle Sam — that is, they opened more than 3 million accounts to buy Treasurys and other bonds directly from the U.S. government.
The target date for the highly anticipated Shanghai hard fork on Ethereum has now been set: April 12. Ethereum core developers approved the target deadline during the All Core Developers Execution Layer #157 call on March 16. The Shanghai mainnet upgrade features five Ethereum Improvement Proposals, including EIP-4985, which will enable staked Ether (ETH) withdrawals
The largest US banks have banded together to deposit $30bn into First Republic Bank in an attempt to bolster its finances and contain the fallout from the collapse of two big lenders in the past week. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo will each deposit $5bn into First Republic, a California-based lender.
Viorel Kurnosov | Istock | Getty Images With roughly two more months before the U.S. Department of Health and Human Services ends the three-year Covid public health emergency, more than 5 million of the nation’s households remain behind on their rent. All together, tenants continued to owe nearly $11 billion in rental debt during the
The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue for the voiding of the extradition process. Spagni
Join us for a conversation with preeminent banking regulation attorney H. Rodgin Cohen of Sullivan & Cromwell and American Banker Editor-in-Chief Chana Schoenberger to discuss how financial institutions can navigate these challenges. Transcript: Josh Rucci: Welcome, everybody, to snowy Arizent Studios. We are honored to have you here for a very informative and quite timely
Moody’s Investor’s Service raised the outlook on the A. B. Won Guam International Airport senior revenue bonds Baa2 rating to stable from negative Wednesday. Moody’s Lead Analyst William Oh said the improved outlook stemmed from Moody’s expectation that enplanement levels will continue to improve because South Korea and Japan have lifted COVID-19-related travel restrictions. The
The United States equities markets tumbled on March 15 after Saudi National Bank, Swiss bank Credit Suisse’s largest investor, said it would not be able to provide any more funding to Credit Suisse due to regulatory limitations. Investors are nervous because Credit Suisse, which has large U.S. and global operations, warned on March 14 that
Jeremy Hunt has delivered a defiantly upbeat Budget that offered a £9bn tax break for business, an extension of free childcare and a surprise pension boost for the well-off. The chancellor claimed on Wednesday that Britain’s economy was “proving the doubters wrong”, as he announced a 100 per cent tax break for business investment to
A report by global design firm Gensler recently reported planet Earth can sidestep global climate catastrophe only by slashing greenhouse pollution 45% by 2030 and 100% by 2050. The figures Gensler cited were from Architecture 2030, an organization whose mission is to “rapidly transform the built environment from the major emitter of greenhouse gases to
Lark Davis, a self-described “cheeky” and “sarcastic” personality, has been actively involved in the world of cryptocurrency since 2017. With his bold price forecasts, educational content and witty memes, the popular influencer has amassed an impressive social media following, boasting over 1 million followers on both Twitter and Instagram. Although, if Davis’ Twitter and Instagram
Illinois drew a fresh rating upgrade Tuesday for making further progress in tackling its chronic fiscal sore spots. Moody’s Investors Service raised Illinois’ general obligation and sales tax-backed Build Illinois bonds by one notch to A3 from Baa1 and assigned a stable outlook. The upgrade also lifts the Metropolitan Pier & Exposition Authority’s rating one
Credit rating agency Moody’s has recently downgraded its outlook on the entire United States banking system from “stable” to “negative.” The move comes in light of the recent failures of Silicon Valley Bank, Silvergate Bank and Signature Bank, which has prompted regulators to intervene with a rescue plan for impacted depositors and institutions. Despite the downgrade,