Jack Ma’s elite business academy has been forced to suspend new student enrolments following pressure from Beijing as authorities tighten their chokehold on the Chinese tech billionaire’s empire. Hupan University, an executive training programme that is reputedly as hard to get into as Harvard, has suspended a first-year class that was set to begin at
Iran has released a South Korea-flagged tanker three months after the elite Revolutionary Guards captured the vessel and raised tensions over US-led sanctions and Tehran’s nuclear programme. Seoul said on Friday that the Hankuk Chemi departed Iran at 5.50am local time. “The captain and sailors are healthy and the ship and cargo are in good
A former Edward Jones financial advisor alleges a company trainer “pressured” her into “a forced sexual encounter” during her time with the firm. In a lawsuit filed April 6 in East Texas federal court, Amanda Daugherty accuses the wealth manager of gender-based discrimination and unlawful termination, including unwanted advances by another advisor she says is
Ledger and Shopify have been hit by a class action lawsuit over a major data breach that saw the personal data of 270,000 hard wallet customers stolen between April and June 2020, Phishing scam victims John Chu and Edward Baton filed the lawsuit in California against the crypto wallet provider and its e-commerce partner Shopify
Joseph is CEO of TenantCloud, a cloud-based property management solution that helps landlords maximize revenue from rental properties. As the pandemic continues, so too does economic hardship. One year after the national stay-at-home orders that left the entire country bunkered in their homes, our nation is in a housing crisis as many Americans are in danger
A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares. According to Marlton, such a tender offer “would materially narrow — if not eliminate — the discount to net asset value (NAV).” This, in turn, offers stockholders confidence “in the sponsor’s ability
By Craig Miller, Next Avenue The last few hurricane seasons have been white-knuckle events for Reed Galin, which might seem odd since the 67-year-old media producer lives just outside Nashville. Not exactly “Hurricane Alley.” Galin’s concern was for his parents, both living at the time in Juno Beach, Fla. His father, Sherman, was a particular worry;
Puerto Rico Gov. Pedro Pierluisi persisted Wednesday in calling to amend the LUMA Energy contract with the Puerto Rico Electric Power Authority despite LUMA’s rejection of the idea. In June 2020, Puerto Rico announced a contract with LUMA to take over PREPA’s transmission and distribution system. LUMA was to use the period up to July
By Diptendu Lahiri (Reuters) – Gold prices fell on Friday as robust economic data from China boosted hopes of a swift recovery, although bullion was set to rise more than 1% on the week as the U.S. dollar and Treasury yields pulled back from recent highs. China’s March factory gate prices rose at their fastest
The plan unfolding is tracking, tracing, and total global tyranny… Michelle Ford with Sean on SGTreport As Aldous Huxley wrote, and Julian Huxley later boasted, “A really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers control a population of slaves who do not have
J.P. Morgan analyst Stephen Tusa has taken a look at President Biden’s infrastructure plan, and more specifically, how it affects General Electric’s (GE) power-related businesses. The analyst says the extension of PTC (production tax credits) represents an overall positive for onshore wind. However, with an extension of the ITC (investment tax credits) and its expansion
A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers. Paul Weaver | LightRocket | Getty Images Check out the companies making headlines in midday trading. Costco – The retailer’s
by confoundedinterest17 Thanks a boatload Joe Biden, Janet Yellen and Jerry Powell. Low-income Americans bore the brunt of job losses when the pandemic arrived. Now they’re getting hit hardest by price increases as the economy recovers. The headline consumer inflation rate in the U.S. remains subdued, at 1.7% — but it masks large differences in what
Agency cost of debt refers to an increase in cost of debt when the interests of shareholders and management diverge in a publicly owned company. There are certain types of corporate governance, such as boards of directors and the issuance of debt, that attempt to reduce this conflict of interest. However, introducing debt into the picture creates yet
Wharton School finance professor Jeremy Siegel said Thursday he expects the stock market’s rally will persist at least throughout this year. However, he told CNBC that investors will have to be cautious once the Federal Reserve adjusts its highly accommodative monetary policies. “It isn’t until the Fed leans really hard then you have to worry. I mean,
Florida governor Ron DeSantis said the state will sue the US government and the country’s top public health agency to allow cruise ships to resume sailing immediately. The cruise industry, one of Florida’s main economic engines, was shut down by the Centers for Disease Control and Prevention more than a year ago. Italian prime minister
Another way of looking at the system that governs Bryan Harris’ access to the FT’s Brazil bureau is that the technology provides greater efficiency — when installed correctly — and removes the need for a security guard at the door of the building (“Love affair with tech leaves opening for data theft”, Brazil Notebook, April
Most of Envestnet’s technology caters to advisors serving the already-wealthy, but the firm’s latest acquisition provides new capabilities for firms working with investors who haven’t yet accumulated significant assets. The Chicago-based fintech giant and turnkey asset management provider has purchased Harvest Savings & Wealth Technologies, which builds technology to automate “micro-saving” and “micro-investing” at banks,
Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase’s April 14 NASDAQ listing and the exchange’s recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021. Even as decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap (UNI) and
After an unfortunate delay due to Covid, the collegiate Solar Decathlon (SD) event is about to happen next week – for the first time it will be virtual. For those not aware of this event – the Solar Decathlon is run by the United States Depart of Energy and is an incredibly inspiring event. It
Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market fueled by record low interest
Bitcoin Games adds live casino games and shows from the most sought-after gaming software provider. Play Live Casino Games with Real Dealers Bitcoin Games is a one-stop gaming portal for players to enjoy a variety of casino games playable with cryptocurrency. There is something for everyone – from slot lovers to jackpot chasers, the online
By Beau Henderson, Next Avenue If the idea of starting a business after 50 — perhaps a part-time one in retirement — seems overwhelming, you’re not alone. You might want to consider launching through a successful franchise operation, where you can follow in the footsteps of others who’ve done so already. Eric and Pam Knauss launched
Municipal bonds improved by two to five basis points, with the biggest moves out longer as an active and diverse primary re-priced to lower yields and stronger U.S. Treasuries helped the tone. Refinitiv Lipper reported $2-plus billion of infows into municipal bond mutual funds, with high-yield alone adding $821 million, furthering the market’s strength. “That
Silver markets rallied a bit during the trading session on Thursday to reach towards the 50 day EMA above. That being said, the market is very likely to continue to see a lot of choppiness in this area as the 50 day EMA does attract quite a bit of attention. The $26 level above has
The head medical tyrant wants people so panicked once again that the rulers can further enslave us and lockdown everyone for a second time… by Mac Slavo of SHTFplan Dr. Anthony Fauci, the head medical tyrant in the United States is saying the next few weeks “are going to be critical” in the fight against
The travel and tourism industry took a beating last year and according to the International Air Transport Association (IATA), 2020 was the worst year in the history of air travel demand. This translated into big losses for the airline industry with IATA estimating industry losses at $118.5 billion. The pain is likely to continue in
In this article AMZN FUBO LEVI The fuboTV logo is hung from the New York Stock Exchange on the day of its IPO in the Manhattan borough of New York City, New York, U.S., October 8, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell on Thursday: Levi Strauss –
By Chris Black Motto: I bet Madison’s original wording was: “shall not be infringed, mofo”. CBS: Washington — President Biden unveiled his first attempts to curb gun violence on Thursday, announcing a set of modest moves designed to begin revamping federal gun policy by tweaking the government’s definition of a firearm and more aggressively responding
Economists struggled with the causes of depressions, recessions, unemployment, liquidity crises, and many other issues for years. Then in the early twentieth century, a British economist’s ideas offered a possible solution. Read on to find out how John Maynard Keynes changed the course of modern economics. Basics of Keynesian Economics John Maynard Keynes (1883-1946) was a