Bank of America has become the latest major bank to make a foray into the cryptocurrency sector. According to an internal memo, the bank has created a team dedicated to researching cryptocurrencies. Bank of America believes that it is “uniquely positioned to provide thought leadership” on cryptocurrencies and the technology behind them. Bank of America
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Illinois reaped a second rating reward for its improving fiscal condition with its first S&P Global Ratings upgrade in 24 years. The upgrade to BBB from BBB-minus followed a similar move by Moody’s Investors Service last week raising the rating to the same level at Baa2 with a stable outlook. In June, Fitch Ratings moved
Once upon a time, in the (somewhat mythical) past of traditional defined benefit pensions, your employer protected you from the risk of outliving your money in retirement, by acting, more or less, as an insurance company providing an annuity. With that benefit receding into the past, many experts have been hoping that Americans with 401(k)
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver prices are higher in early U.S. trading Thursday, on some safe-haven buying amid a more uncertain marketplace late
it looks like the U.S. Mint went back and updated June, showing a significant figure… by Steve St Angelo of SRSrocco Report After nearly three months, the U.S. Mint has finally updated its Silver & Gold Eagle sales. With the U.S. Mint releasing its new Silver & Gold Eagle designs this month, they stopped updating
Over the past week, astute crypto market analysts noticed some interesting developments related to the supply of Ether (ETH) as the network’s August 4 London hard fork approaches. Recent data from CryptoQuant, an on-chain analytics firm, indicates that the amount of Ether held in cryptocurrency exchanges’ reserves has hit new daily lows since the start of
CrossFit has experienced rapid growth since the company opened its first gym in 2000. With its high-intensity mix of weight training, cardio, and gymnastics, the company now operates in more than 15,000 locations worldwide. Despite a high monthly membership price, at least compared to traditional gyms, Americans are joining CrossFit gyms, known in industry parlance
A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned. The bank is shutting down all existing
Two senior members of Congress have called on the Securities and Exchange Commission to investigate whether Didi Chuxing, the Chinese ride-sharing company, misled American investors ahead of its initial public offering last week. The senators, who sit on the powerful senate banking committee, said they wanted the SEC to examine whether Didi was forthcoming enough
Stock markets dropped on Thursday on rising concerns about prospects for the global economy, following days of sharp moves in government bonds that hinted at slower growth and inflation than previously expected. Equities fell first in Asia before the negative mood spread into Europe and then to Wall Street — a move analysts blamed on
Morgan Stanley on Thursday disclosed that a data breach at one of its contractors led to the theft of personal information about some customers whose stock accounts had gone dormant. The bank said in a notice to affected clients that the cyber intrusion affected Guidehouse, a consulting company that Morgan Stanley uses to find current
Osteoarthritis is a degenerative joint disease which affects millions of people across the globe, and according to Wiseguy Research, it is a market that could be worth over $10 billion by 2025. Sorrento Therapeutics (SRNE) has been eyeing this opportunity and is now one step closer to getting its osteoarthritis candidate through the lucrative door.
In this article COIN NVDA DIDI SCHW JPM KSU A pedestrian walks past a Charles Schwab office in New York. Scott Eells | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Charles Schwab — Shares of the online broker dipped over 2% after Goldman Sachs downgraded the stock to neutral
The exact boundaries of New York City’s Upper West Side are a subject of some debate. Some say that the Manhattan neighborhood ends with Central Park at 110th Street, while others include 111th to 125th Streets. What is indisputable, however, is the Upper West Side’s indelible legacy as one of NYC’s most famous and beloved
The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money Laundering Efforts on Union Level In response to calls for enforcement
Today’s column addresses questions about whether Social Security reps normally try to convince people to take their retirement benefit before they turn 70, whether to file for retirement benefits after taking survivor benefits and when spousal benefits could be paid along with public pensions. Larry Kotlikoff is a Professor of Economics at Boston University and
San Jose, California, will head to market Wednesday with a $200 million competitive general obligation bond deal riding an upgrade to AAA from Fitch Ratings. The city received the one-notch upgrade to its GOs, but not its issuer default rating from Fitch, for both the upcoming deal and $502 million in outstanding GO debt, based
Silver managed to recover a major part of its early lost ground to over one-week lows. The near-term technical set-up might have shifted back in favour of bearish traders. Sustained weakness below the $26.70 confluence is needed to confirm negative bias. Silver attracted some dip-buying just ahead of the $25.70 confluence support and staged a
Vincent Lanci on Palisades Gold Radio Tom welcomes Vincent Lanci back to the show. Vincent discusses the lack of fireworks from the Basel III banking changes. He believes these rule changes will be good for most investors because there will be less hedging. However, these changes will be worse for mid-sized institutions. However, these rules
Even Chris Blec’s biggest supporters acknowledge he can be as subtle as a sledgehammer when he’s pushing for transparency from DeFi projects on Twitter. The founder of DeFi Watch puts noses out of joint across the industry — whether he’s hammering Polygon for putting billions in the hands of two developers with admin keys or
What Are Tax Havens? Most governments make their money through taxation, whether that’s at the local, state, or federal level. This is the process of charging individuals and corporations levies on the money they earn to fund certain government projects and plans, such as infrastructure, education, public pension programs, and health care among others. But
Japan has declared that Tokyo will be under a Covid-19 state of emergency throughout the Olympic Games. Yoshihide Suga, prime minister announced the measure at a press conference on Thursday evening as the growing prevalence of the Delta variant drives a rapid spread of coronavirus infections. The renewed state of emergency means that the Tokyo
The European Central Bank has set itself a new 2 per cent inflation target and said it will tolerate temporarily exceeding this when needed, in a shift that gives policymakers more flexibility to keep interest rates at historic lows for longer. The change, which was announced on Thursday as part of the Frankfurt-based institution’s first
Goldman Sachs economists said their optimistic outlook for global growth this year is now increasingly shared by rivals, meaning their forecast is the closest to consensus than at any time since April 2020. The Wall Street bank predicts the world economy will grow 6.6% this year and 4.8% in 2022, compared to the 6.3% and
In a report released yesterday, Patrick O’Shaughnessy from Raymond James maintained a Hold rating on SEI Investments Company (SEIC – Research Report). The company’s shares closed last Wednesday at $61.64. According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 10.7% and a 69.2% success rate. O’Shaughnessy covers the Financial sector, focusing
A pump jack operates at a well site leased by Devon Energy Production Co. near Guthrie, Oklahoma. Nick Oxford | Reuters Take a look at some of the biggest movers in the premarket. Devon Energy, Occidental Petroleum — Energy stocks were set to gain as oil prices rose. Devon Energy advanced 3% in premarket trading,
Sharing is Caring! by John Ward The 1 in 8 pushback needs an identity. Action this Day. For those of you who go there, it was probably noticeable on Twitter yesterday afternoon that I’d finally lost my rag – which in many ways I suspect was a good thing. A great deal of it stemmed from
When well designed and built with quality materials, classic homes never go out of style. They can look as fresh down the decades as they did the day they were built. This Monterey Colonial-influenced mansion in La Jolla, California, has such a timeless appearance. Hallmarks of the style include the second-floor balconies that face a
An IRS office building in the East Harlem neighborhood of New York. Timothy Fadek/Bloomberg via Getty Images Last December, two Atlanta tax professionals pled guilty to a scheme that defrauded the IRS of more than $250 million in taxes. The scam claimed more than $1.2 billion in fraudulent charitable deductions through so-called syndicated conservation easements,
Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. “A serious challenge is the criminal use of cryptocurrencies in our country,” he said. Russia is preparing amendments to the current legislation to allow for the confiscation of crypto assets found to be proceeds from crime,