A Chinese researcher who US authorities said was hiding in China’s San Francisco consulate has been arrested and will appear in court later on Friday, as tensions escalate between the superpowers. Juan Tang is allegedly a member of the Chinese military who was working as a researcher at the University of California, according to court
admin
Schlumberger, the world’s biggest oilfield services company, is to cut 21,000 jobs — roughly a fifth of its workforce — as the collapse of US shale production causes demand to dry up and sends its revenue into freefall. The company, hit hard by the seize-up of North American drilling activity, said customers had “dramatically cut
Many CEOs at U.S. companies are paid too much — and investors aren’t holding corporate boards accountable, a senior official at the country’s largest public pension fund said. The too-generous compensation happens despite talk that executive pay is linked to performance, said Simiso Nzima, head of corporate governance at the $389-billion California Public Employees’ Retirement
Bitcoin (BTC) derivatives have returned to the spotlight this week as price moves appear to spark a surge in open interest. Data from on-chain analytics resource Skew showed open interest for CME Group’s Bitcoin futures nearing record highs in U.S. dollar terms this week. Bitcoin futures open interest passes $450M After falling following Bitcoin’s block
Openpath President James Segil (left) and CEO Alex Kazerani (right) Openpath I’m a strong believer - as we’ve explored several times over the past few months – that the current COVID-19 pandemic, though devastating for society and the economy, is motivating real estate industry stakeholders to fully embrace proptech and the value it can deliver now
Blake Nissen | The Boston Globe via Getty Images If there is an upside to all the pandemic-induced uncertainty in the economy, it’s the rock-bottom mortgage rate bonus for homeowners and homebuyers. The average rate on the popular 30-year fixed just fell to another record low — 2.87%, according to Mortgage News Daily. That is
Study: Exchanges Accepted $1.3 Billion in Bitcoin Stemming from ‘High-Risk Addresses’ A recently published report from the research and analysis firm Peckshield indicates that during the last two quarters of 2020, cryptocurrency exchanges accepted 147,000 BTC ($1.3 billion) from high-risk addresses. During the last few years, blockchain research and surveillance firms … read more. Grayscale
The Pandemic and Recession Cut Incomes and Raise Costs For Older Households getty The retirement crisis has been under way for a while. A growing share of older households has little or no savings, as costs for housing, health care and other items went up. Some worked longer, while others went deeper into debt to
Municipals were mostly stronger on Thursday as the Dallas-Fort Worth airport issue and Doris Duke social bond deals hit the market, rounding out the week’s last large offerings. For the 11th straight week, investors remained remarkably bullish in mutual funds, with Refinitiv Lipper reporting inflows of $2.1 billion into bond funds for the week ended
Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here! (Kitco News) Gold price maintained its daily gains after the U.S. new home sales beat expectations in June, rising 13.8% versus the expected 4% increase.
Gold’s gains are everywhere these days! Everything has changed for the positive in precious metals! submitted by J. Johnson via JS Mineset Great and Wonderful Friday Morning Folks, August Gold is staying in the green with the trade now at $1,890.40, up 60 cents and closer to the high at $1,896.70 than the low
Novavax (NVAX) has announced an agreement with Fujifilm Diosynth Biotechnologies (FDB) to manufacture bulk drug substance for NVX-CoV2373, Novavax’s COVID-19 vaccine candidate. According to the statement, FDB’s North Carolina site has already begun production of the first batch of NVX-CoV2373. Novavax is financing the deal through its recent $1.6 billion award by the federal government as part
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter reported a 34% jump in the key metric monetizable daily active users compared to a year ago, bringing the total to 186 million. Revenue fell short of Street forecasts, and Twitter reported an overall loss for the second quarter
The car you drive every day to and from work sees a lot more action than the immaculate 1950s Ford Thunderbird you carefully stow away in the garage. It’s also going to be a lot easier to find repair parts for your late-model sedan than it is for a classic ride that rolled off the
India will restrict Chinese companies from bidding for government contracts, citing “national security” concerns as New Delhi looks to loosen economic ties with its neighbour after a fatal border brawl. The government said that any bidder from a country sharing a land border with India would be required to register with the commerce ministry and
The EU’s new €750bn recovery fund will revitalise long-stalled efforts to complete the eurozone’s banking union, according to central bankers who predict it will be a vital step towards the creation of a common deposit insurance scheme. Olli Rehn, head of the Finnish central bank, told the Financial Times that the EU plan to become
UBS will cease offering wealth management services through its private bank in the U.S., and shift clients and staff to other, larger wealth management units. In a memo last month, UBS executives explained the move to employees as an effort to simplify operations. The firm, which has $2.8 trillion in assets in its global wealth
More than 1,000 Twitter employees and contractors had access to the internal admin panel that enabled last week’s Twitter hack of 130 high profile accounts. According to Reuters on July 24, two former employees have shed light on just how vulnerable Twitter’s security was — and may still be. They said that, in addition to
View from a luxury rental at West Half, overlooking Nationals Park, Washington, D.C. Pat Pugliese | CNBC WASHINGTON — When Dr. Anthony Fauci throws out the ceremonial first pitch of this truncated baseball season Thursday night, players, coaches and umpires will see it in person at Nationals Park. But no fans will be in attendance,
Which are the best markets for real estate investment? The cute answer is that you can make a good investment in any market; for each of the 200 markets we follow on a regular basis, there’s an investment strategy that best suits the local economic circumstances. But aside from that broad advice, if you have
Tether Freezes Millions of Dollars USDT in 40 Addresses Amid Regulatory Pressure Stablecoin issuer Tether has blacklisted 40 Ethereum addresses holding millions of dollars of the tether cryptocurrency, 24 of which were banned this year. This finding follows the Centre Consortium taking a similar action due to a request by law enforcement. … read more.
getty (This is Part 1 of a two-part series about life for the oldest Americans after Covid-19. Part 2 will be about forecasts for older Americans’ health care and for geriatric medicine.) After seeing the heart wrenching images of nursing home residents desperately trying to connect with their families perched outside their windows during Covid-19
In its second major refunding deal in 10 days, Dallas-Fort Worth International Airport again achieved net present value savings of 27% on tax-exempt bonds, officials said. “We were very pleased with this pricing,” airport chief financial officer Christopher Poinsatte said of Thursday’s current refunding of $482.8 million of revenue bonds. “We knew our initial price
President Trump’s choice of Judy Shelton for the Federal Reserve board of governors, Fox News has learned.” data-reactid=”12″>Sen. Mitt Romney, R-Utah, plans to vote against confirming President Trump‘s choice of Judy Shelton for the Federal Reserve board of governors, Fox News has learned. Senate.” data-reactid=”13″>A spokesperson for Romney said the Utah lawmaker will vote no
The silver market has BROKEN! You won’t see it in the price. Here’s where you’ll see it… by Bix Weir of Road to Roota WOW! Yesterday 1.25B Ounces of electronic silver was traded on the COMEX and yet the Open Interest (total amount of contracts held) BARELY CHANGED! PURE FRAUDULENT HIGH FREQUENCY TRADING! [embedded content]
Another quarter, another home run for Tesla (TSLA). After the closing bell Wednesday, the company posted its results for Q2, with the numbers blowing Wall Street’s forecasts right out of the water. Not to mention, Musk & Co. once again defied the naysayers by reissuing its original FY20 unit delivery target of 500,000 units. Looking
The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Intel — Intel’s stock dropped 8% in extended trading after the company offered disappointing third-quarter guidance. Intel released its second quarter earnings, beating predictions of analysts surveyed by
from The Morgan Report David Morgan‘s weekly perspective… We’ve only had one depression in modern times: The Great Depression, the worst economic downturn in the history of the U.S. and the industrialized world. With unemployment at levels unseen since The Great Depression, one has to be wondering if the country will eventually dip into a major
AutoNation, Inc. (AN) shares rose more than 6% during Thursday’s session after the company reported better-than-expected financial results. Revenue fell 15.3% to $4.53 billion during the second quarter, beating consensus estimates by $440 million, while non-GAAP earnings per share came in at $1.41, beating consensus estimates by $1.04 per share. Same-store new vehicle sales fell
Intel has pushed back the planned launch of its next generation of chips by six months, throwing into doubt its efforts to regain the manufacturing edge it lost to TSMC in the current generation and wiping 10 per cent from its share price. The US chipmaker also said it was considering contracting out more of