When former UK health secretary Matt Hancock was forced to resign after it emerged he was having an affair with a non-executive director in the department, longstanding friend Gina Coladangelo, senior Whitehall figures raised concerns about the appointments process for these roles. Non-executive directors, known as NEDs, are routinely appointed to provide advice and support
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The world’s biggest commercial property landlord is shuffling its $378bn real estate deck. Two moves by Blackstone — the sale of BNY Mellon’s London office in St Paul’s to Italian insurer Generali for £465m, sealed this week according to people familiar with the deal, and an approach to buy student housing operator GCP Student Living
Failing to properly supervise their reps’ solicited sales of non-traditional ETFs, among other improper actions, has cost Sanctuary Securities a censure and more than a half-million dollars in fines and restitution. FINRA ordered the fast-growing broker-dealer with multiple custodian relationships to pay $530,161 — a $160,000 fine and restitution of $370,161, with interest. Sanctuary failed
Sharing is Caring! From Birch Gold Group “Brace for a significant market correction,” said Mark Zandi earlier this week. He hinted that a 10 to 20% correction was already underway. Which isn’t surprising, as manic investing behavior coupled with last year’s pandemic mitigation attempts eventually must give way to fundamental market forces. CNBC reported that a moment of clarity may have finally clicked with
Billionaire Tony Tan Caktiong—the controlling shareholder of Philippines fast-food giant Jollibee Foods—has again teamed up with real estate tycoon Edgar Sia, with their latest plan about creating the Philippines’ first industrial real estate investment trust that will be listed next year. The duo are joining the country’s biggest property developers—including Filinvest Land, Megaworld and Robinsons
U.S. Senator Patrick Toomey has declared investments in Grayscale’s bitcoin and ethereum trusts. His declaration shortly followed one by fellow congressman, U.S. Representative Barry Moore, who declared that he had invested in dogecoin, ether, and cardano. Senator Pat Toomey’s Cryptocurrency Investments A growing number of U.S. lawmakers are investing in cryptocurrencies or crypto-related investments. According
By Nancy Collamer, Next Avenue With the job market heating up — a historically high 9.3 million job openings in the U.S. in April — what should you know about getting hired if you’re looking for work? Will virtual interviews continue? Is remote work here to stay? Are diversity and inclusion efforts just a fleeting fad?
Wayne County, Michigan, received an upgrade from Moody’s Investors Service this week that pushed the once speculative-grade credit into the single-A category six years after a financial crisis. Moody’s raised the county’s issuer rating and the general obligation and lease rental bonds issued by the Detroit Wayne County Stadium Authority to A3 from Baa1 and
TechCrunch This crowdsourced payments tracker wants to solve the ransomware visibility problem Ransomware attacks, fueled by COVID-19 pandemic turbulence, have become a major money earner for cybercriminals, with the number of attacks rising in 2020. In the last few months alone we’ve witnessed the attack on Colonial Pipeline that forced the company to shut down
All debt-fueled speculative bubbles pop, even as cheerleaders claim otherwise… by Charles Hugh Smith via Of Two Minds All debt-fueled speculative bubbles pop, even as cheerleaders claim otherwise. The expansion of Housing Bubble #2 is clearly visible in these two charts of house valuations, courtesy of the St. Louis Federal Reserve database (FRED). The first is
Bitcoin (BTC) investors are known for being bullish, and even during 50% corrections like the current one, most analysts remain optimistic. One reason for investors’ endless optimism and belief in infinite upside could be BTC’s decreasing issuance and the 21 million coins fixed supply limit. However, not even the most accurate models, including the stock-to-flow
As a consumer, there’s really nothing worse than buying something only to find out you’ve been lied to. You’d think that by the time a product has been tested and put through the highly standardized retail rigmarole to get to the market, it would ensure that untrue claims cannot be made, but that’s not always
Spain’s prime minister Pedro Sánchez has carried out a far-reaching reshuffle of his government as his ruling Socialists seek to regain the initiative after a series of setbacks on the political, economic and diplomatic fronts. In a much wider ranging reshaping of the government than expected, Sánchez promoted Nadia Calviño, Spain’s economy minister, to become
The world’s largest economies have thrown their weight behind a global tax reform deal that would impose a minimum levy on multinational corporations, ramping up pressure on a small number of holdout countries to sign up to the agreement. G20 economy ministers and central bankers meeting in Venice on Saturday issued a joint communique endorsing
An advisor took his $250 million practice from Merrill Lynch to LPL Financial, affiliating with Gladstone Wealth Partners as his OSJ. Americans aren’t as worried about the economy as they were last year, a new survey from Allianz Life Insurance found. And TIFIN, a fintech collective, will distribute its products to advisors through Broadridge Financial
Shares of MTY Food Group (MTY) gained almost 15% in early trading on Friday after the company reported a profit in its second quarter and announced it would start paying dividends again. MTY is behind more than 80 restaurant brands, including well-known food court brands like Thai Express, Extreme Pita, and Tiki-Ming. Revenue came in
Sharing is Caring! by Egon von Greyerz of Gold Switzerland Was Richard Nixon a real gold friend who understood the futility of tying a weakening dollar to gold which is the only currency that has survived in history? So was Nixon actually the instigator of the movement to FreeGold? I doubt it. He was just another desperate leader
A member of Miami-Dade Fire Rescue hugs a victim’s relative at the “Surfside Wall of Hope & Memorial” near the site where a building collapsed in Surfside, Florida, north of Miami Beach on July 7, 2021. Chandan Khanna | AFP | Getty Images The number of confirmed deaths in the collapsed condominium building in Surfside,
If you want a well-built home, try the personal residence of a builder. But if you want one that’s also extraordinary, look to a builder who is not afraid of expressing his personality and having some fun. A sink made from a smelting pot? Wine barrel ceilings? Light fixtures fashioned from beer growlers? Yes, yes
On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service (IRS). The U.S. tax agency is accused of obtaining Harper’s
By Joe Seldner, Next Avenue If 40 million Americans were suffering from the same severe problem, you might think it would be the subject of considerable media attention, a host of government programs, infusions of business capital and a hot topic of national conversation. That is certainly what I thought several years ago when I began
Hawaii lawmakers made changes to bills that would have used COVID-19 federal relief funds to make debt payments and replenish reserves before ending a special session Thursday, which was called to act on the governor’s vetoes. Gov. David Ige announced plans June 21 to veto 28 bills and ultimately vetoed 26 of them by Tuesday’s
Oleg Verniaiev was added to the list of 2016 Olympic men’s gymnastics champions who will not have the chance to defend their title in Tokyo later this month. When Ukraine announced its Olympic team this week, Verniaiev was noticeably missing. The 2016 Olympic parallel bars gold medalist and all-around silver medalist was provisionally suspended by
When it comes to gun rights in particular, and the rights of the citizenry overall, the U.S. government has adopted a… by John Whitehead and Nisha Whitehead via The Rutherford Institute “A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall
In the 19th century, the barons of American industries rose to prominence by leveraging their hold on tangible resources like oil and steel. Today, corporate titans seek to attain even greater heights of wealth by gathering consumer data. But now, like then, the benefits of accumulating such resources come paired with a significant business risk:
The Full Retirement Age In the United States, the term “full retirement age”—also known as “normal retirement age“—generally refers to the age you must reach to be eligible to receive full benefits from Social Security. This age can vary depending on when you were born. The Social Security Administration (SSA) has been slowly increasing the
Bond fund managers who bucked a market consensus earlier this year that long-term interest rates and inflation were headed sharply higher have been rewarded with outsize performance during the market switchback of the past few weeks. Star managers including Scott Minerd at Guggenheim Partners and Stephen Liberatore of Nuveen are riding high in industry league
In this article DBX Dropbox CEO Drew Houston and Dropbox co-founder Arash Ferdowsi (C) celebrate the launch of Dropbox’s initial public offering as they ring the opening bell at Nasdaq MarketSite, March 23, 2018 in New York City. Getty Images Company: Dropbox Inc. (DBX) Business: Dropbox is a single organized platform where users can create
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here. Specification: Changing spaces Click to read the article below and then answer the questions: Half of all bikes sold in Europe will be electric by 2025, predicts manufacturer What is driving the growth of electric
Workplace retirement plans play a major role in helping Americans reach their retirement goals. Access to a retirement plan, though, is really just a starting point. The next step is nudging employees to save, save and save some more, particularly for employees who may have scaled back how much they were saving due to the