Facing a prolonged antitrust fight with the U.S. Justice Department, Visa walked away from a proposed $5.3 billion acquisition of Plaid. The DoJ sued to block the deal in November, accusing Visa of trying to buy the fintech firm to eliminate an emerging threat to its online debit business. Visa has said the government failed
The XRP (XRP) price remained relatively unmoved on Thursday, Jan. 14, even as the broader cryptocurrency market ignited a recovery that saw over $150 billion flood back into the global market cap. Earlier this week the United States Securities and Exchange Commission announced the impending departure of Marc P. Berger, the commission’s Acting Director of
The aesthetic resembles a downtown art gallery. Evan Joseph Studios An extraordinary condominium on New York’s Upper West Side that showcases the work of award-winning design studio Jeffrey Beers International is on the market for $35 million. Envisioned as the crème de la crème of the prestigious 15 Central Park West inside an iconic Robert A.M. Stern-designed building, 9A is a one-of-a-kind home
The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work together to regulate bitcoin, she suggested that the crypto regulation could be “initiated by the
getty What will happen to your bitcoin when you’re gone? Do you know who will be able to access your email, social media accounts, online dating profile, digital subscriptions and memberships, rewards points and other digital assets? Do you know the value of your online life, and have you considered addressing your digital assets in
Former Michigan Governor Rick Snyder was charged with willful neglect of duty on the eve of the state’s announcement about the outcome of a criminal probe into the lead contamination of the water supply in the city of Flint. The charges against Snyder were filed Wednesday by the state’s attorney general, Dana Nessel, in state
After the yellow metal price increased yesterday, once again the price for gold has fallen with a decline of Rs 12 in the price of one gram in 22 carat gold. According to the prices collected from sites, the price of 10 grams of 22-carat gold after slipping today by Rs 120 is 48,460. Whereas,
Agricultural commodities are on fire, and a market driven by inflation is different than a market driven by earnings… by Peter Schiff of Peter Schiff Podcast Agricultural commodities are on fire.Nobody needs bitcoin.A market driven by inflation is different than a market driven by earnings.Tech currying favor from Biden administration through conservative censorship. [embedded content]
Share this on WhatsApp The US National Highway Traffic Safety Administration (NHTSA) urged Tesla to recall around 158,000 vehicles over safety concerns. Shares declined 1.3% in Wednesday’s after-market trading. Tesla’s (TSLA) vehicles that have been asked to recall involve 2012-2018 Model S and 2016-2018 Model X. The US car-safety regulator stated that its Office of
An exterior view of Party City store, who are closing their doors on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images Check out the companies making headlines in midday trading. Intel — Shares of the chipmaker popped more than 8% after CNBC’s David Faber reported that CEO Bob Swan would step
Over the past several years, blockchains have evolved in a variety of flavors depending upon their build and configuration. The content stored on the blocks of the blockchain as well as the activities performed by the various participants on the blockchain networks can be controlled depending upon how the blockchain is configured and how it is
Two big tech groups are set to give a shot in the arm to the market for Chinese depositary receipts (CDRs), once feted by Beijing as the premier channel for fast-growing companies to sell shares in mainland China. The planned offerings on Shanghai’s tech-focused Star Market for artificial intelligence start-up Megvii and computer maker Lenovo
US department store chain Nordstrom said it was on track to eke out a quarterly profit despite a sharp decline in holiday season sales. The Seattle-based company said net sales over the nine weeks to the start of January fell 22 per cent from a year ago. Thirteen US states have confirmed the presence of
Three partners in a major enterprise sold the firm to their longtime independent broker-dealer, Cetera Financial Group. John Brackett, Eric Huck and Anthony Tarantino formed Concord, Calif.-based BAR Financial in 2003 out of the merger of Brackett’s father-in-law’s firm and a former IBD named T.H.E. Financial Group. After growing to nearly 300 advisors and $4
Twitter CEO Jack Dorsey cited his passion for Bitcoin and decentralization in a 13-Tweet thread today explaining why the company banned U.S. President Donald Trump from the platform last week. Although claiming this was the “right decision for Twitter,” Dorsey admits it sets a dangerous precedent. Having to take these actions fragment the public conversation.
For-sale home listings are now at their lowest point on record. getty If you’re hoping to buy a house this year, you might have a hard time finding one. According to the latest data from Realtor.com, for-sale listings are officially at an all-time low. By the end of December, the number of homes for sale
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers, fearing they might miss the last of the lowest rates. Mortgage applications to refinance a
There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0.1 terahash (TH/s). Furthermore, the mining operation
The red fire pumps by the real squad fire truck in Chicago Fire Department at the quarters of Engine … [+] Co. 5, filmed in the legendary series ‘Chicago Fire.’ getty In the Chicago Sun Times on Monday, a headline: “Illinois Senate passes firefighter pension bill over mayor’s strenuous objections.” “With the spotlight focused elsewhere
Municipal yields were little changed Wednesday as several new issues priced in the competitive market and U.S. Treasuries pared back earlier losses. Markets were mostly unmoved in either direction as the U.S. House of Representatives was preparing to vote to impeach President Trump, a week after a mob took over the Capitol. Strong technicals continue
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) – Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the
Remember the whole “de-dollarization” thing? It’s totally still a thing… (by Half Dollar) Russia now has more reserves in gold than it does in US dollars. From BloombergQuint (bold added for emphasis and commentary): A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia’s $583 billion international reserves
We are living in extraordinary times. As if a global pandemic wasn’t enough to deal with, last week’s deadly storming of the Capitol set the stage for a historic second impeachment. The attack on democracy has had other implications. Possibly worse for Trump than the impeachment charge, has been the removal of his favorite toy.
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell Wednesday: Nordstrom — The retailer’s stock fell more than 3% after the retailer said its holiday period sales dropped
by Martin Armstrong We have to face reality. Joe Biden may not really be in charge as was the case with Bush Jr. His advisers are already laying out how to pay for a “brief” lockdown of 6 weeks. This agenda of locking the world down came from the climate activists spearheaded by Bill Gates through
Many investors undertake tax-loss harvesting at the end of every tax year. The strategy involves selling stocks, mutual funds, exchange-traded funds (ETFs), and other investments carrying a loss to offset realized gains from other investments. It can have a big tax benefit. But tax-loss harvesting may or may not be the best strategy for all
The first AR1 rocket engine Aerojet Rocketdyne Aerojet Rocketdyne finished building the first in its next-generation AR1 engine series, despite lacking both a customer and plans to test fire it for about two years. The AR1 rocket engine is located at the company’s facility at NASA’s Stennis Space Center in Mississippi – and its completion
The US Treasury has blocked an attempt by the Pentagon and state department to put some of China’s largest tech companies on a blacklist that would have banned US investors from holding their stock. The Pentagon and state department had pushed hard to add Alibaba, Tencent, and Baidu to a list of Chinese companies that
Federal and local officials are drastically tightening security ahead of Joe Biden’s inauguration to prevent a repeat of last week’s deadly riot that left five dead. Members of the US National Guard were seen sleeping in the corridors of the Capitol building, which they have been guarding around the clock, marking the first time the
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Earnings season is upon us, but traders will be far less interested in fourth quarter results than in first quarter and second quarter guidance. The problem is it’s not clear that CEOs will cooperate. Banks