Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. Under revised regulatory framework, two-thirds of crypto exchange directors must be Indonesian citizens residing in the country. Indonesia Plans to Tighten Crypto Regulation Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges, officials from the country’s
UK chancellor Kwasi Kwarteng will on Friday attempt to deliver shock treatment to Britain’s stagnating economy, with a 30-point growth package to turn “the vicious cycle of stagnation into a virtuous cycle of growth”. Kwarteng’s mini-Budget will feature tax reforms to help struggling self-employed business owners, alongside scrapping a planned increase in corporation tax that
Customers carry their items after shopping at Costco in Washington D.C., May 5, 2021. Ting Shen | Xinhua News Agency | Getty Images Here are the stocks making notable moves in extended trading: Costco — The wholesale membership club retailer was down about 2.8% after reporting fiscal fourth quarter earnings post-market, and saying it’s seeing
Municipals were hit hard on the front end of the curve but the damage was felt throughout as triple-A yields rose up to 15 basis points and mutual fund outflows topped $2 billion. U.S. Treasuries sold off and equities were mixed. Municipal yields rose up to 15 basis points on the one- and two-year with
Crypto markets are flashing a bit of green on Sept. 22 as Bitcoin (BTC) price tacked on a 4.7% gain to trade above $19,300 and Ether (ETH) surged 6.5% to recapture the $1,300 level. RSR and Astar Network (ASTAR) also surged by 23% and 17% respectively, but the more notable mover of the day was
Kaufman Hall & Associates LLC will acquire the consulting firm Claro Healthcare to scale up on the depth of its professional services for hospital and health systems that are navigating ongoing COVID-19 wounds made worse by a labor shortage and high expenses. Kaufman Hall, which specializes in the healthcare and higher education sectors, said Thursday
State legislatures could see a record number of new faces elected in November. More than 25% of the 6,278 state legislative seats up for election will see a newcomer. Heated primary battles ousted a surprising number of Republican incumbents, and the recent redistricting, as always, has led to an increased rate of open seats. State-level
Credit Suisse has drawn up plans to split its investment bank into three and resurrect a “bad bank” holding pen for risky assets, as the Swiss lender attempts to emerge from three years of relentless scandals. Under proposals put forward to the group’s board, Credit Suisse hopes to sell profitable units such as its securitised
Kim Kardashian has lived in a variety of homes, but she still has stayed close to Los Angeles with homes in Beverly Hills, Beverly Grove, Bel Air and Hidden Hills. Now she is moving about an hour away to Malibu where she bought an oceanside estate that once belonged to supermodel Cindy Crawford. At $70.4
An aerial view of former U.S. President Donald Trump’s Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S. August 15, 2022. Marco Bello | Reuters A bombshell lawsuit against former President Donald Trump filed Wednesday contains a head-spinning amount of detail about real estate, loans and other financial arrangements
The failed endeavor to build the Carolina Panthers football franchise a new headquarters in York County, South Carolina, has resulted in a thorny legal battle over who is to blame. Construction on the planned $800 million mixed-used facility in Rock Hill, meant to include state-of-the-art training facilities, office space, millions in utility investments, and green
The Federal Reserve hiked rates by 75 basis points on Sept. 21 and Fed Chair Jerome Powell projected another 125 basis points increase before the end of the year. If that happens, it will take the benchmark rate to 4.4% by the end of the year, which is sharply higher than the June estimates of
A dozen major financial firms have been sued for at least $1.42 billion because of their work on Puerto Rico municipal bonds and interest rate swaps dating back to 2007. Puerto Rico’s government and the Oversight Board initiated the suit against Barclays Capital, BMO Capital Markets, Banc of America Securities; Citibank; Goldman Sachs Bank USA;
Ethereum co-founder Vitalik Buterin has come out swinging in defense of Decentralized Autonomous Organizations (DAOs), arguing that in some circumstances they can be more efficient and fairer than a traditional corporate structure. In theory DAOs are collectively owned and managed by their members and have no central leadership. All decisions relating to aspects such as
Jamie Coutts, Crypto Market Analyst for Bloomberg Intelligence argues that “falsehoods” and “fear of the unknown” is what has been holding back traditional portfolio managers from investing in cryptocurrency. Speaking to Cointelegraph during the Australian Crypto Convention over the weekend, Coutts argues there has been an ongoing “falsehood” that “there is no intrinsic value in
Liz Truss has declared that cutting taxes for the wealthy and profitable companies is not “unfair”, signalling a radical shift in economic policy ahead of a growth-focused mini-Budget on Friday. The UK prime minister has signed off plans to cut national insurance, a policy that will disproportionately help the better-off, reverse a planned rise in
Municipals sold off across the yield curve amid elevated selling pressure as the first day of the Federal Open Market Committee meeting began Tuesday, with the one-year muni well above 2.5% and the 10-year surpassing 3%. U.S. Treasuries were weaker and equities ended down. Triple-A benchmark yields rose eight to 10 basis points, depending on
In this article GM F LVS NVAX MRNA BNTX Follow your favorite stocksCREATE FREE ACCOUNT Ford Motor Company’s electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022. Jeff Kowalsky | AFP | Getty Images Check out the companies making headlines in midday trading Tuesday.
A ‘For Rent’ sign is posted near a home on February 07, 2022 in Houston, Texas. Brandon Bell | Getty Images Rents for single-family homes were 12.6% higher in July compared with the year-earlier month, but the gains continue to shrink from the record high seen in April, according to a new report from CoreLogic.
Midwest voters will make a range of decisions in the November election from ballot measures that impact their schools’ fiscal fortunes to governor picks that will shape future decision making. The governor’s offices in Illinois, Iowa, Michigan, Minnesota, Nebraska, Ohio, South Dakota, and Wisconsin are on the Nov. 8 general election ballot. Incumbents in all