DEBT Box and other defendants in a Securities and Exchange Commission lawsuit want the case tossed after the court found the agency lied to secure a temporary restraining order against them. “The SEC got this case wrong. Badly wrong,” lawyers for Digital Licensing Inc., which does business as DEBT Box, told Utah federal court Judge
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The city of Chicago and its Sales Tax Securitization Corporation won The Bond Buyer’s 22nd annual Deal of the Year award for its $1.7 billion financing that addressed initiatives related to affordable housing, homelessness support services, environmental justice, and community development. The issuance, which was the Deal of the Year in the Midwest category, included
Bitcoin (BTC) futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nine out of 10 UK exporting manufacturers are facing challenges trading with the EU nearly three years after the post-Brexit trade deal came into force, according to a survey of British manufacturers. Make UK, a
US President Joe Biden has told donors he may not be seeking re-election if Donald Trump wasn’t in the White House race, highlighting how opposition to the former Republican president is the main motivating factor behind his 2024 campaign. “If Trump wasn’t running I’m not sure I’d be running,” Biden said at a Democratic party
A new feature from Coinbase Wallet allows for the transfer of crypto through a link that can be sent through some of the most popular social media sites and messaging apps as the crypto exchange looks to make its service accessible to a wider market. “Users can now send money on any platform that they
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Elon Musk’s artificial intelligence start-up xAI is looking to raise $1bn in equity, according to a filing with the US securities regulator, as the billionaire races to challenge rivals such as OpenAI in the fast-growing
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US job openings fell to their lowest level in more than two years in October, another sign of a cooling labour market that sparked a rally in government debt as traders bet on less aggressive
The total market capitalization of the cryptocurrency market surged past $1.55 trillion on Dec. 5, driven by remarkable weekly gains of 14.5% for Bitcoin (BTC) and 11% for Ether (ETH). Notably, this milestone, marking the highest level in 19 months, propelled Bitcoin to become the world’s ninth-largest tradable asset, surpassing Meta’s $814 billion capitalization. Despite
Boris Johnson will be forced to revisit and explain how his government responded to coronavirus on Wednesday as he appears before the UK’s official inquiry into the pandemic. The chaos at the heart of Britain’s handling of Covid-19 has been laid bare in recent weeks, with testimonies describing a “toxic” culture in Downing Street and
The United States Securities and Exchange Commission (SEC) has delayed its decision on whether to approve or disapprove of a spot Ethereum exchange-traded fund, or ETF, offering from asset manager Grayscale. In a Dec. 5 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule
The 1930s house I grew up in had its laundry machines in a dark, unwelcoming basement area, two flights down from our bedroom closets. Today’s laundry rooms tend to be brighter, more welcoming, more functional and usually better located! That’s a huge benefit for both young families and older homeowners who may have a hard
Gov. Ron DeSantis announced his “Focus on Florida’s Future” budget proposal for fiscal 2024–2025 totals $114.4 billion, down $4.6 billion from the current fiscal year’s budget. Tuesday’s budget proposal keeps $16.3 billion in reserves while paying down an additional $455 million in debt and providing $1.1 billion in tax relief. Gov. Ron DeSantis, 2024 Republican
Municipals improved amid a large new-issue slate pricing in the primary while U.S. Treasuries were back in the black and equities were mixed throughout the day. Triple-A yields fell three to four basis points, depending on the scale, while USTs saw the largest gains out long. The primary market is robust this week, with several
Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. JPMorgan Chase chief executive Jamie Dimon hit out again at a variety of proposed new US bank regulations, telling lawmakers that the rules risked hurting low-income customers and would add more risks to the
A proposed crude oil-transporting Utah railway project, which would be financed with private-activity bonds, will officially lose key federal approval next week, following another legal setback this week. The District of Columbia-based U.S. Appeals Court on Monday denied a request by the Uinta Basin Railway and Utah’s Seven County Infrastructure Coalition for a full court
Karen Bass is marking her one-year anniversary as Los Angeles mayor by showing how federal dollars will be put to work for green projects and taking credit for the post-merger relocation of a regional bank to the city. Banc of California Inc., which just acquired rival PacWest Bancorp in a rescue deal, is moving its
South Carolina has removed the Walt Disney Co. from its list of approved investments, State Treasurer Curtis Loftis said Tuesday. Loftis’ office said its portfolio contains $105 million of Disney debt securities that will mature as scheduled and will not be replaced. “Disney has abandoned its fiduciary responsibilities to its investors and customers,” said South
Federal appeals court judges heard Puerto Rico Electric Power Authority bond parties’ request to lift a stay or hold a hearing on it, so they could appoint a receiver to run PREPA, hoping they’d receive more for their bonds than under the Oversight Board’s plan. “The bottom line of all this is that municipal bonds
The Treasury Department said Monday that it’s seen a “remarkable” response to a clean energy tax credits program for wind and solar energy projects in low-income communities, with applications in the first month totaling more than four times the 2023 capacity for the program. President Joe Biden’s 2022 Inflation Reduction Act created the Low-Income Communities
Bitcoin (BTC) clipped $44,000 later on Dec. 5 as the Wall Street trading session delivered more snap BTC price gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin applies more pressure to the bears Data from Cointelegraph Markets Pro and TradingView followed a fresh round of upside for Bitcoin as it outpaced altcoins to reach $44,011 on