FTX, the cryptocurrency derivatives exchange founded by Sam Bankman-Fried, has closed a $900 million funding round – highlighting once again that venture capitalists are shrugging off market turmoil in their quest to uncover quality blockchain plays. The Series B investment round had over 60 participants, including Softbank, Sequoia Capital, Coinbase Ventures, Multicoin, VanEck and the
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A trip to Europe can be one of the more memorable voyages of your life. But the last thing you want to do is sour your voyage by finding yourself unable to pay for dinner or train fare while you’re there. If a vacation or business trip is on the horizon, here are some things
US health officials said the more contagious Delta variant now accounts for more than 80 per cent of new coronavirus cases in the country, a dramatic increase that has underscored how quickly the more contagious strain is spreading. “[The] CDC has released estimates of variants across the country and predicted the Delta variant now represents
Afghanistan’s presidential palace in Kabul came under rocket attack on Tuesday as President Ashraf Ghani attended prayers for the Muslim festival of Eid-al-Adha. The assault came as the resurgent Taliban tightens its grip on the country with the US preparing to close its military mission to Afghanistan at the end of next month. The Islamist
Traders work on the floor of the New York Stock Exchange. NYSE I have several friends in the restaurant business. For the past few weeks, I’ve heard the same story every weekend: business is fabulous, and we can’t get enough help. This week, several of those restaurant people asked me what was going on with these Covid
Mariner Wealth Advisors has made its largest RIA acquisition to date to bring aboard a longtime business partner and friend of CEO Marty Bicknell. The consolidator is buying AdvicePeriod, a Los Angeles-based RIA with $5.1 billion in assets under management. With backing from private equity firm Leonard Green & Partners, which owns a minority stake
First Advantage (FA), a background screening company, just recently became a public company. In its IPO, the company put 25.5 million shares of common stock on the market, at price of $15 each. Overall, FA netted $383 million in usable capital from the sale. This new public company has caught the eye of Jefferies analyst
Check out the companies making headlines before the bell: Travelers – The insurance company earned $3.45 per share for its second quarter, easily beating the consensus estimate of $2.39. Revenue also topped forecasts, with Travelers benefiting from higher premiums, improved investment returns and lower catastrophe losses. Nasdaq – Nasdaq shares rose 1% in the premarket after
House or apartment hunting can be a fun and exciting prospect. While the qualities you want in your new space may be obvious—like a wood-burning stove, a fenced-in yard or a spacious master bedroom—qualities to look for (or more importantly, avoid) in a real estate agent may not be quite so clear. Choosing the right
The price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day. Bitcoin’s Market Cap Sees $19
The Evergrande Group or Evergrande Real Estate Group logo of a Chinese real estate company is seen on a smartphone and a PC screen. SOPA Images | LightRocket | Getty Images BEIJING — The Hong Kong-listed shares of China Evergrande Group fell Tuesday to four-year lows following news of an asset freeze that renewed attention
President Joe Biden said he believes the surge in U.S. inflation is temporary and that he has told Federal Reserve Chairman Jerome Powell that he respects the central bank’s independence. Biden said Monday at the White House that recent price increases are “temporary,” countering Republican arguments that the president’s economic spending plans would cause inflation
Rising inflation has been cause for concern after the most recent June consumer price index reading increased 5.4% from a year earlier. This was the largest jump since August, 2008. Investors therefore are seeking a hedge against inflation as speculation grows that this may be more than transitory. A sector investment into commodities, specifically a
(Bloomberg) — Gold edged higher as Treasury yields continued to decline even as stock markets found their feet after falling sharply on fears over the delta variant. U.S. stock-index futures and European equities gained as markets stabilized following Monday’s rout, which saw the S&P 500 fall the most in two months. Meanwhile Treasuries continued a
The gold miners’ stocks are still grinding sideways after last month’s Fed-rate-hike scare. This technical basing is… by Adam Hamilton of Zeal LLC The gold miners’ stocks are still grinding sideways after last month’s Fed-rate-hike scare. This technical basing is laying the foundation for this interrupted gold-stock upleg to rebound. Today’s low gold-stock prices relative
The CEO of Osprey Funds — the issuer of over-the-counter Bitcoin trust OBTC —isn’t holding his breath for a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United States this year. Speaking to Yahoo Finance’s Jared Blikre and Seana Smith on July 19, Greg King said he believes that the U.S. Securities and Exchange Commission (SEC)
Oil is the crown jewel of commodities that is used in a multitude of ways in our lives, from plastics to asphalt to fuel. The oil industry is an economic powerhouse and the movements of oil prices are closely watched by investors and traders. Changes in oil prices can send shockwaves throughout the global economy.
European equities rose on Tuesday as investors hunted for bargains following a global stock downturn in the previous session driven by the threat of the Delta variant of coronavirus. The Stoxx 600 index rose 0.9 per cent, following its biggest drop of the year. Energy companies listed on the regional benchmark gained 1.3 per cent,
China has challenged US-led accusations that Beijing was at the heart of a wave of global cyber attacks including an offensive against a Microsoft email application that affected tens of thousands of organisations. Diplomats across the EU, UK, Canada, Norway and New Zealand issued statements on Tuesday slamming the allegations as “groundless” and a “malicious
Financial advisors with a massive wealth manager bought and held an expressly short-term product for more than a year in hundreds of clients accounts, according to the SEC. UBS Financial Services agreed to pay $8.1 million in disgorgement, interest and a civil penalty after the regulator alleged that the wirehouse’s advisors placed 1,882 accounts in
Microsoft Corporation (MSFT) has come a long way in the last few years. It has transformed itself into a diversified business with a leading market share in several fast-growing industries such as cloud computing, social media, video communication, and video gaming. Today, the company is focused on expanding its footprint in the cybersecurity industry as
Sharing is Caring! by John Ward Lines on the nature of persecution Locked up, and deprived of the conviviality that makes us human. Solitary confinement – the go-to torture employed by Communist behemoths – is what it really is; but this generation of inhuman perverts will only ever call murder a necessary imperative, drug-trial falsification
A Santa Monica landmark dating to more than 100 years ago, the Henry Wyse/Charles Morris House designed by distinguished architect Robert D. Farquhar remains a stellar example of the Colonial Revival and Craftsman aesthetic. Following a four-year restoration and re-imaging, the transformed property now stands as a new luxury development that blends classic architecture with
In this article 1060-HK Joe Tsai, co-founder and executive vice chairman, Alibaba Group. S3studio | Getty Images News | Getty Images Alibaba co-founder Joe Tsai is the mystery buyer behind a $157 million apartment deal in Manhattan’s most prestigious condo tower, according to people familiar with the deal. Tsai, who also owns the Brooklyn Nets
sponsored On photo left to right: Saif Al Mansouri – CEO TRES OTC DMCC; Ahmed Bin Sulayem – Executive Chairman and Chief Executive Officer of DMCC; Dmitry Krasnogor – Managing Director TRES OTC DMCC; Antony Katin – CEO SIMBA Storage; Alexey Liakhovnenko – CEO TRES Group GmbH. Back in 2020, at the Davos Summit, the
When you are in your 20s, retirement is a lifetime away. So why do young adults already find themselves stressed about reaching financial independence? A poll from Credit Ninja revealed some very interesting insights, including certain states where retirement worry starts as early as 19. The results. In the poll of 3,000 people, the main
The National Federation of Municipal Analysts has completed work on a white paper calling for targeted emergency event disclosures from state and local governments. The document, dated June but announced earlier this month by NFMA, is the final draft of a paper first floated in March. While the paper focuses on COVID-19 disclosure, NFMA has
Silver prices dropped sharply on Monday following a robust decline on Friday. The dollar edged higher, weighing on silver and generating headwinds for the entire precious metals complex. U.S. Yields moved lower as investors moved into safe-haven assets. The Home Builders index edged slightly lower, which paved the way for lower yields. Technical analysis Silver
Growing your own food is a journey, and you can always make improvements… by Joanna Miller via The Organic Prepper This time of year is when my garden has been active for months, and my worst gardening mistakes become evident. Every year I tell myself, “I’m going to do THIS next year, and things will turn
The rocky road that Bitcoin (BTC) has been on for the past two months continued on July 19 as a widely predicted move downwards materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro and TradingView shows that a wave of mid-day selling pushed the price