Month: January 2022

With multiple fundraising deals in recent weeks, the wave into alternative investments is showing no signs of crashing in the new year. On Tuesday, CAIS, a digital platform offering financial advisors access to alternative funds and products, announced a $225 million round of funding led by Apollo and Motive Partners, with additional investment from Franklin
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press release PRESS RELEASE. United Kingdom — January 13th, 2022 – Kepithor Studios has announced a set of innovative new GameFi mechanics coming to its turn-based NFT battle game, Kingdom Karnage. The game will introduce new play-to-earn opportunities for its players, powered by its upcoming KKT token, which has received investment from Animoca Brands, Kriptomat,
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Seniors, particularly those at the moment of retirement, need more “just-in-time” support for financial decision making to help promote effective action, such as understanding tradeoffs; risks and costs involved in the specific decision; finding a trusted source of information and advice; and avoiding fraud and scams, a new report from the Senate Aging Committee has
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A suburban Chicago hotel and conference center’s COVID-induced struggles led to a fresh default on its restructured bonds this month. Breathing room still remains for the Westin Chicago Lombard debt from a bondholder-provided loan that is helping manage the pandemic’s toll on operations and continue renovations designed to enhance its appeal. Defaults occurred in mid-2020
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China is one of the largest countries in the world and a significant manufacturer and producer of industrial goods. China’s total output as measured by gross domestic product (GDP) is expected to increase by more than 8% in 2021, following a 2.3% growth rate in 2020. China’s economy has been recovering in 2021 from the
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The congressional committee probing the January 6 attack on the US Capitol has issued subpoenas to Alphabet, Reddit, Twitter and Facebook parent Meta, demanding records relating to the 2020 US presidential election. The subpoenas announced on Thursday signalled a significant escalation in the work of the January 6 committee, which is led by Democrats and
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Joe Biden has tapped Sarah Bloom Raskin, the former deputy Treasury secretary, to lead financial oversight for the Federal Reserve as the White House seeks tougher regulations on big banks and greater attention to climate change-related financial risks. The US president on Thursday night sent Raskin’s nomination as the Fed’s vice-chair for supervision to the
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The main finance industry association of Russia has urged authorities to reconsider a position against crypto investments in the nation’s financial market strategy. The organization insists that the crypto investments of Russians should be brought out of the “gray zone” instead of being banned. Finance Industry Body Urges Government to Regulate Operations With Crypto Assets
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Today’s Social Security column addresses questions about how to take spousal benefits while delaying retirement benefits till 70, whether forming an LLC will avoid the effects of the earnings test and when divorced spousal benefits can be available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
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Municipal benchmark yields were steady to firmer by a basis point 10-years and out Thursday as U.S. Treasuries were stronger and equities sold off led by tech stocks. The municipal primary dominated the day with several large deals pricing. The correction to higher yields over the past week is allowing investors to be more selective
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Although Fed Chair Powell has stated that he believes the economy no longer needs emergency stimulus, that doesn’t mean… by Ryan McMaken of Mises Institute According to new data released Wednesday by the Bureau of Labor Statistics, price inflation in December rose again to a new multi-decade high, rising to the highest level recorded in nearly forty years.
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British industry has reacted with dismay after the government signalled it had little appetite to provide immediate financial support to energy intensive users struggling with soaring gas and electricity prices. In October, UK prime minister Boris Johnson instructed ministers to explore potential state support for heavy industry to offset rising energy costs. But Lee Rowley,
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