Month: October 2020

DeFi lending protocols have attracted billions of dollars in liquidity provision by offering huge returns, however the sector badly needs more fixed rate lending options according to one researcher. A number of protocols, including Yield Protocol, UMA Protocol, and Mainframe are already venturing into fixed rate lending and borrowing markets for crypto collateral. According to
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Father and daughter out for a walk getty Health is retirement’s biggest wild card, the difference between activity, independence, and financial security – or worry, constraint, and financial insecurity. Today’s newly minted Boomer retirees can look forward to longer and healthier retirements, perhaps extended by medical breakthroughs. But at the same time, more of them
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Fitch Ratings cut the outlook to negative from stable Wednesday on Chicago’s BBB-minus general obligation bond rating. The action increases the risk that the city will be saddled with a second speculative-grade bond rating. Moody’s Investors Service cut the city to junk five years ago. Fitch Ratings assigned a negative outlook to Chicago bonds Wednesday.Bloomberg
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The implementation of smart contracts in business is expected to speed up transactions and enable digitization of a wide variety of physical assets, such as oil and gold. But the legal and regulatory underpinnings of smart contracts are still shaky and rife with their own set of problems. Resolving disputes between parties is the biggest
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Germany’s federal and state governments agreed on Wednesday to shut down parts of the economy and toughen restrictions on social contact, in a bid to stem a record rise in coronavirus infection rates. As the rise in infections stoked alarm across the continent, France’s president Emmanuel Macron announced a new one-month national lockdown. Stocks slumped
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We are less than one month away from the next CFP exam window, meaning hundreds of candidates for CFP certification are busy studying and preparing to accomplish a major career milestone. Spanning approximately 72 financial planning topics across eight subject areas, the CFP exam is among the most comprehensive of professional examinations, testing candidates’ ability
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A contractor works on a house under construction at a KB Home development in Gibsonton, Florida. Luke Sharrett | Bloomberg | Getty Images Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber. The multiple parties interested in
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Biden picking Rhode Island Governor Gina Raimondo as next Secretary of the Treasury makes as much … [+] sense as picking Dracula to oversee the national blood bank. getty Apparently Joe Biden’s transition team is considering Gina Raimondo, the hugely unpopular governor of Rhode Island as the next Secretary of the Treasury should Biden win.
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Michigan released Detroit’s public school system from active fiscal oversight, a reward for fiscal gains that followed the state’s 2016 bailout that brightens its future case for joining the ranks of municipal borrowers. The Detroit Financial Review Commission in a vote this week granted a waiver to Detroit Public Schools and Detroit Public Schools Community
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Trump and Biden debated for the second and last time in this campaign. So, who will win, and why gold is likely to be the biggest winner of them all? by Arkadiusz Sieron of Sunshine Profits Trump and Biden debated for the second and last time in this campaign. So, who will win, and why
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An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier | AFP | Getty Images Check out the companies making headlines in midday
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GE beat expectations for revenues and profitability in a quarter in which the coronavirus pandemic continued to weigh down on its core industries, and the industrial conglomerate delivered improved margins in every business except aviation. The group’s shares rallied almost 7 per cent in pre-market trading after third quarter adjusted earnings of 6 cents per
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