The Financial Industry Regulatory Authority disciplined a pair of municipal finance firms for MSRB rule violations.SCOTT EELLS/BLOOMBERG NEWS The Financial Industry Regulatory Authority this week censured and fined two firms for municipal market violations, including failing to properly supervise political contributions from muni finance professionals. Alabama-based municipal underwriter Frazer Lanier Company, Inc. received a censure, agreed
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The first fire to pummel Los Angeles was sparked in the Pacific Palisades neighborhood on Tuesday.Bloomberg News As Los Angeles battles wildfires, Mayor Karen Bass is being criticized for the roughly $17 million in cuts made to the Los Angeles Fire Department’s budget. Neither the mayor’s office, nor the city administrative office were available to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Argentina’s government has paid $4.3bn to holders of its sovereign bonds, its largest repayment since a 2020 debt restructuring, in a crucial step for libertarian President Javier Milei’s bid to restore confidence in the serial
The Wyoming House of Representatives has become the latest GOP state to introduce a bill banning firms that are deemed to have used environmental, social or governance factors in their investment decisions.State of Wyoming Wyoming has become the latest state to float legislation that restricts state funds from being invested with firms that consider environmental,
Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations in the past day as Bitcoin and other assets have crashed. The last 24 hours have been red for digital assets, with a bulk of the market observing a drawdown of more than 5%. Bitcoin has been no exception, as its price
Bitcoin cash (BCH), a cryptocurrency created by a hard fork of the Bitcoin blockchain in 2017, fell 20% last week, its biggest slide since April, according to data on TradingView and CoinDesk. The sell-off happened as defunct exchange Mt. Gox said it would begin paying back creditors the roughly $9 billion worth of tokens taken
Apple denied its digital voice assistant Siri poses any privacy concerns — one week after it agreed to pay $95 million to settle a lawsuit tied to the software tool. Apple has never used Siri data to build marketing profiles, never made it available for advertising, and never sold it to anyone for any purpose,
Theyre getting Z last laugh kinda. Generation Zs recent foray into the corporate world has been an eye-popping escapade plagued by their annoying workplace habits and helicopter parents accompanying them on interviews. Now, newcomers to the 9-to-5 grind are inflicting a fresh new level of hell onto the workforce with a trending act of defiance known as
The devastating fires ripping across Los Angeles could cause more than $50 billion in damages making them the most costly in state history, according to a report. Five wildfires are currently tearing through Santa Monica, Malibu and other areas in Los Angeles County that are home to some of the countrys priciest real estate with
Cryptocurrencies appear to have staying power, Federal Reserves Chairman Jerome Powell said in June. Perhaps truer words have never been spoken, as the market value of all cryptocurrencies has doubled to $1.3 trillion this year, recovering from last years crash. More impressive is the renewed interest in centralized crypto-collateralized finance after last years controversial collapse
The Biden administration’s spending on stimulus to keep the economy going during the COVID pandemic may have contributed a little bit to inflation, Treasury Secretary Janet Yellen said in an interview on CNBC on Wednesday. Yellen said supply chain issues and shortages were the main factor driving up prices during the pandemic, but conceded that
The team behind Mantra, the layer-1 blockchain for real-world assets, has signed a $1 billion agreement deal with DAMAC Group, an investment conglomerate, to boost accessibility to tokenized assets in the Middle East. Users can tokenize DAMAC Group assets from early 2025 using the Mantra blockchain. DAMAC Group is a multi-billion-dollar business conglomerate whose tentacles
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes. Minutes from the meeting, released after the typical three-week lag, also showed clear division among the Feds 19 policymakers.
Tesla and SpaceX CEO Elon Musk has shown his support for Pierre Poilievre, Canada’s pro-Bitcoin opposition leader. This follows Canadian Prime Minister Justin Trudeau’s announcement of his resignation on January 7, in the wake of the abrupt departure of his finance minister, Chrystia Freeland. Musk shared a video of Poilievre discussing inflation and fiscal policy
On Jan. 9, crypto news feed DB News reported that an official confirmed the US government has been given the green light to liquidate 69,000 BTC worth around $6.5 billion from Silk Road seizures. An unsourced screenshot read, A federal judge ruled on Dec. 30 that the DoJ (Department of Justice) can sell 69,370 Bitcoin
The US entities’ share of global Bitcoin reserves has reached an all-time high amidst increasing confidence in the asset class. The figure is now 65% higher than non-US entities, according to CryptoQuant CEO Ki Young Ju. This milestone is based on an analysis of Bitcoin holdings by identifiable US entities – including miners, MicroStrategy (MSTR),
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Firefighters in Los Angeles have successfully beaten back a fire that threatened some of Hollywood’s most iconic landmarks. Taming the fire in the Hollywood Hills, which broke out late on Wednesday evening, is the first
California’s shortage of affordable housing poses a serious threat to the state’s long-term economic health and well-being. You don’t need a Ph.D. to figure out that an affordable housing shortage hampers labor force growth, stifles business expansion and new business formation, erodes the tax base, and contributes to homelessness, drug abuse and street crime. To
06:19 Dangerous winter storm begins assault on Washington, Baltimore as heavy snow and ice fall across mid-Atlantic Millions of people from the Midwest to the mid-Atlantic are under winter weather alerts as a powerful and dangerous winter storm sweeps to the east, impacting cities like Washington, Baltimore, Richmond in Virginia and Philadelphia. The first major
University of California – San Francisco Jan 6 2025 An up-close look at how patients respond to the drug at different times and doses adds nuance to a recent finding that Paxlovid does not work for long Covid. An extended course of Paxlovid appears to help some patients with long Covid, according to a case
PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity,
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