Month: August 2019

Getty Images Investment giant BlackRock just became the largest stakeholder of Sports Illustrated’s parent company. BlackRock bought roughly a 30% stake in Authentic Brands Group for $875 million, the company’s chief executive officer Jamie Salter CNBC’s Brian Sullivan in a phone interview on Sunday. The deal values the brand management company around $4 billion to
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North Carolina Congressman Ted Budd has introduced a tax bill in the United States House of Representatives seeking to refine cryptocurrencies’ treatment by the Internal Revenue Services. The bill will amend the Code allowing the exclusion of losses or gains on similar crypto transactions. Reviewing the Internal Revenue Code The bill has been called the
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After effortlessly taking down $13.2 billion of bonds this past week, muni buyers will see another above average issuance week with $7.6 billion but it will not be nearly enough to “feed the beast.” There will be $5.70 billion of negotiated deals slated for next week and $1.95 billion of competitive sales, equating to more
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May’s Binance hacker has been hard at work washing his stolen bitcoins through a mixing service. Clain.io, a Luxembourg-cryptocurrency capital flows research team, says the 7,074 stolen coins are being laundered through mixing service Chipmixer. Clain says at least 4,836 bitcoins were laundered since June 12th. A bitcoin tumbling service mixes a bitcoin’s unspent transaction
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Forbes Finds covers products we think you’ll love. Featured products are independently selected and linked to for your convenience. If you buy something using a link on this page, Forbes may receive a small share of that sale. Paul Smith The best time to wear sneakers is … all the time. Thanks to the trends
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View Bitcoin is looking north, with the daily chart reporting a bearish channel breakout following a six-week-long correction. A retest of highs above $13,000 could be in the offing. The bullish case would strengthen if prices rise above $12,145, invalidating consolidation or exhaustion signaled by Wednesday’s candlestick pattern. A stronger confirmation of a bull revival
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The municipal market pick up right where it left off on Wednesday — with unwavering demand from investors. “The muni market saw a ton of paper hit and didn’t blink, it probably could have handled more,” said one New York trader. “I know buyers would have liked to see more but the slate next week
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A man checks his smartphone while standing among illuminated screens bearing the Uber logo. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Uber plummeted 12% before settling 4% below its closing price in after-hours trading following the transportation and food ordering service company’s disappointing second-quarter
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Homeowners rushed to take advantage of a sizable drop in mortgage interest rates last week, but potential buyers were unimpressed. Total mortgage application volume rose 5.3% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 46.5% higher than a year ago, when rates were significantly higher. Refinances drove the
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Investor Steve Eisman is predicting bad things ahead for anyone betting on online real estate site Zillow, which has been trying to expand its operations but faces a stiff challenge. The managing director and senior portfolio manager at Neuberger Berman has been shorting Zillow for some time, and explained to CNBC in an interview Thursday that the
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The municipal bond market had no problems whatsoever digesting the massive amount of issuance that hit today and in the process saw yields drop down ever lower, getting ever closer to all time lows. “Muni cash is performing well in the face of the rate rally,” said a trader on Wednesday afternoon. “At some point
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Bitcoin price broke $12,000 USD for the second time in three days on Wednesday as the notoriously volatile cryptocurrency develops a reputation among investors as a safe-haven currency amid concerns as the global economy heads towards recession. This takes BTC’s week-on-week gains to $2,000 USD. Following on from 2018’s cryptocurrency crash, BTC enjoyed six months
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