If you want to improve your financial know-how, there are plenty of opportunities to do so. From short online tutorials to extensive in-person bootcamps, the number of “Money 101” classes has ballooned since the Great Recession. And yet, when it comes to financial literacy, Americans are still falling far short. According to a survey by
Month: February 2020
Goldman Sachs had plenty of chances to make an offer for discount brokerage E-Trade before rival Morgan Stanley made its $13 billion move, but the bank didn’t throw its hat in the ring, according to people with knowledge of the situation. Morgan Stanley CEO James Gorman acted as his bank’s dealmaker-in-chief when he approached E-Trade
Sorare, a global fantasy football platform built on the Ethereum blockchain, has inked an exclusive licensing agreement with Italian soccer giants Juventus to launch a digital collectibles range of its star players. Ethereum-Based Fantasy Football Paris-based Sorare provides a soccer management game with digital cards representing players that fans can collect and trade. The cards
The crypto space can be highly volatile for traders, and over the years, Bitcoin (BTC) has proven to be among the more volatile cryptocurrencies. Over the past few days, the world’s biggest cryptocurrency by market cap had managed to make a comeback of sorts, but the volatility returned once again today. Such volatility was last
The muni market saw a frantic flurry of deals come in Thursday and the market got technically stronger, the secondary was active and new muni yield lows were reached in both the 10- and 30-year maturities. “Before COVID-19 munis were already seeing a ton of demand and now we are seeing the extra, safe harbor
Bitcoin’s lightning network is growing “increasingly centralized,” making it more susceptible to attacks, asserts a new paper by security researchers. Seen as a potential solution bitcoin’s scaling headaches, lightning is a payment network allowing for speedier and cheaper transactions. Partly to make lightning more robust, developers and researchers have been trying to spot holes in
Insurance works in crypto so far, though it hasn’t had many big tests yet. Not many people had insurance on assets locked up in bZx’s Fulcrum, but after a bug yielded an exploit of its smart contract, a couple of accounts that did were covered by Nexus Mutual, the London-based crypto insurance company. Nexus Mutual
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines after the bell: Zillow — Shares of the real estate information company climbed 8% in extended trading after the company reported strong fourth-quarter financial results. Zillow had revenue of $944 million in the quarter, while analysts were expecting $815 million, according to
Michael Bloomberg, former Mayor of New York City, speaks at CityLab Detroit, a global city summit, on October 29, 2018 in Detroit, Michigan. Bill Pugliano | Getty Images Real estate makes strange bedfellows. Mike Bloomberg, the 2020 candidate who is using his personal fortune to try to defeat President Donald Trump on Election Day, owns
Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Virgin Galactic’s rally began two months ago but trading in the speculative space name has recently accelerated in a way that tops even the momentum behind Tesla. Shares of Virgin Galactic rose as much as 12% in premarket trading Wednesday from its previous close
The New Year has seen a degree of a turnaround in the crypto space, as many tokens have recorded significant gains. One notable gainer is Tezos (XTZ). Since the start of the year, the XTZ token has more than doubled in price, and it goes without saying that it could be on the radars of
Puerto Rico Gov. Wanda Vázquez Garced on Wednesday filed an objection to a central government debt-restructuring plan. Technically, Puerto Rico’s Fiscal Agency and Financial Advisory Authority filed the objection on its behalf and on behalf of Vázquez Garced and her government. And technically, FAFAA’s objection wasn’t to the plan but to scheduling a disclosure statement
The European Union is still trying to figure out what to do about Libra, according to a memo released Tuesday by European Commission Executive Vice-President Valdis Dombrovskis. The indecisiveness stems from a lack of actionable information. Specifically, Libra “lacks detail,” according to Dombrovskis. Despite repeatedly asking the Facebook-launched Libra Association for information about its payments
Bitcoin’s (BTC) price volatility spiked in January and could further increase over the near term because “whales” have surfaced. The cryptocurrency’s annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Kraken’s monthly report. Volatility rose as bitcoin’s price rallied from lows near $6,850 on Jan. 3
Virgin Atlantic Airways and Virgin Group founder, Sir Richard Branson. Craig Barritt Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space tourism company spiked nearly 14% as the stock’s speculative rally continued. Virgin Galactic passed Apple and Tesla as the most popular stock among retail investors, according to
Abu Dhabi city skyline, United Arab Emirates. kasto80 | iStock | Getty Images The Abu Dhabi Government is turning to the private sector for the next phase of its multi-year, 50 billion dirham ($13.6 billion) economic stimulus plan known as Ghadan 21. The stimulus package is aimed at future-proofing and diversifying the Arab world’s second-largest
Lending Club banners hang on the facade of the New York Stock Exchange for it’s IPO on December 11, 2014 in New York. Don Emmert | AFP | Getty Images LendingClub, a fintech company that pioneered personal loans made online, is buying a U.S. bank to give it access to a stable and cheaper source
A group of Telegram Open Network (TON) developers, calling themselves “The TON Community Foundation,” have submitted a court document criticizing the SEC’s prosecution of the project. The former messaging app turned blockchain developer has been embroiled in a long-running suit with the United States Securities and Exchanges Commission, which alleges that US$1.7 billion raised from
A short week usually means less issuance and that holds true for this week. Issuance is set to seesaw, as new-issue volume was the heaviest of the year last week, at almost 40% larger than 2019 weekly average. And volume this week is expected to be among the lowest so far this year. “But this
Announcing CoinDesk’s new opinion section, a place for discussions on the future of money and all the interesting questions that surround crypto and blockchain as ideas. Starting today, CoinDesk will be publishing daily columnists such as Preston Byrne, Jill Carlson, Nic Carter, HASU, Stephanie Hurder, Jeff Dorman, JP Koning, Yorke Rhodes, Byrne Hobart, William Mougayar,
Are two recent attacks taking advantage of “flashloans,” low liquidity and price oracle issues the first of more to come? Part of what makes decentralized finance, or DeFi, interesting to people is how it takes advantage of open-source protocols to enable types of transactions never before available. The problem, however, is financial structures mean new
Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Check out the companies making headlines in midday trading. Apple — Shares of the iPhone maker fell 2.7% after Apple said that it
Image Source | Getty Images A digital platform that offers alternative investments to the masses is attempting to broaden its appeal with a new fund created with BlackRock, the world’s biggest asset manager. For the last five years, the New York-based start-up YieldStreet has been giving its users access to a category of deals that
Investors are craving more municipal tax-exempt and taxable bonds, but issuance will continue to crawl at least for another week. IHS Ipreo estimates next week’s volume at $5.24 billion, down from this past week’s revised total of $10.09 billion. The calendar for the upcoming week is made up of $3.44 billion of negotiated deals and
The Central Bank of Russia (CBR) has formally proposed a legal framework for tokenization, but also plans to label cryptocurrency transactions as suspicious activity, it said in a press release Monday. The CBR announced it had successfully piloted a platform that allows users to tokenize assets, including equities and currencies, and issue them to investors.
The Australian entrepreneur who claims to be the inventor of bitcoin has suggested he might take legal action against the cryptocurrency’s developer team over claimed infringement of his intellectual property. In a blog post published last Thursday, Craig Wright said while forks of bitcoin would be allowed under the open-source MIT license under which bitcoin
Falling bond yields are reflecting investor fears about the rapidly spreading coronavirus, yet stocks are rallying near their highs, even as the virus has now infected more than 40,000 people. The two markets appear to be diverging as low bond yields flash a warning of potential economic weakness ahead, and stocks seem to have heard
The freight traffic center in the Gruenheide region east of Berlin. Tesla plans to build its new European Gigafactory in a huge forest nearby. Patrick Pleul | picture alliance via Getty Images Tesla has been ordered by a German court to temporarily halt preparations for its new European factory. Environmental activists had raised concerns with
Tesla has a long way to go before it justifies its current stock price, New York University finance professor Aswath Damodaran told CNBC on Thursday. Damodaran, known as the “dean of valuation” for his company analyses, said the electric-auto maker would need to have revenues comparable to the Volkswagen Group in 10 years, margins similar
The crypto sphere has developed at a remarkable rate over the course of the past half a decade, and one of the biggest developments has been the emergence of stablecoins like Tether (USDT). Despite skepticism from many in the crypto space, the stablecoin has continued to grow, and in a new development, it has been
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