For more than a century now, US watchdogs have policed the financial landscape, seeking to protect investors from potential fraud and the consequences of their own blind optimism. Most of their efforts to ensure that investors get accurate information about what is happening to their money are focused on familiar products, such as stocks and
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In recent years millions have moved abroad to retire due to a high cost of living. How do you get over the hurdles to relocate abroad?
In this article 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Signage at a residential project developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Images JPMorgan raised its global emerging markets corporate high-yield default forecast, largely due to rising contagion fears in China’s
A new financial statement has revealed former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. The statements shared on Aug. 14 by the non-profit watchdog Citizens for Responsibility and Ethics in Washington show Trump made over $4.8 million from licensing fees tied to nonfungible token (NFT) collections using his image —
8/15/2023, 11:16:16 PM What to watch in Asia today George Russell in Hong Kong Events: Thailand’s Constitutional Court is expected to rule on an appeal by the Move Forward party against parliament’s refusal to permit leader Pita Limjaroenrat to become prime minister. The five-day Asia Pacific Orchid Conference opens at Singapore Expo. Indicators: The Reserve
The New York Stock Exchange welcomes executives and guests of Cava in celebration of its initial public offering, June 15, 2023. NYSE Check out the companies making headlines in extended trading. H&R Block — The tax preparer rose nearly 5.9% after posting quarterly earnings per share of $2.05 that beat Wall Street’s expectations of $1.88,
A recent report by the research firm Delphi Digital illustrates the predictable consistency of price action and trends within the crypto market. The report delves into the interconnectedness between the 4-year Bitcoin (BTC) cycle and broader economic trends. According to Delphi Digital analysts, the ongoing consolidation at $30,000 is similar to the period between 2015
Municipals were mixed in secondary trading Tuesday amid an active primary that saw two large airport deals from Dallas-Fort Worth and Atlanta price. U.S. Treasuries were also mixed, and equities sold off. The two-year muni-to-Treasury ratio Tuesday was at 63%, the three-year at 63%, the five-year at 63%, the 10-year at 65% and the 30-year
More than a dozen UK banks and building societies are set to reduce rates on fixed mortgage deals this week, reflecting market expectations that inflation is falling. But brokers are not predicting dramatic price cuts, with the Bank of England forecast to raise interest rates later in the year after figures on Tuesday showed wages
Private equity group TPG Capital has approached EY about buying a stake in its consulting arm in a deal that would herald a second attempt at breaking up the Big Four firm. TPG outlined its plan for a debt-and-equity deal to separate the consulting arm from EY’s audit business in a letter sent to the
The top two municipal bond insurers wrapped $15.571 billion in the first half of 2023, a 12% decrease from the $17.689 billion of deals done in the first half of 2022, according to Refinitiv data. Market demand for bond insurance increased quarter-over-quarter, up 72% in the second quarter of 2023. Total insured penetration for Q2
Puerto Rico’s local government received another strike against its efforts to change its labor laws after the U.S. Court of Appeals for the First Circuit Thursday ruled the U.S. District Court for Puerto Rico in March was correct in upholding the Oversight Board’s right to reject a 2022 labor law. The law, Act 41, did
The Federal Emergency Management Agency’s response to the wildfires that took the Hawaiian island of Maui by storm will likely add pressure to negotiations to replenish its already dwindling Disaster Relief Fund, which will be a major focus when Congress returns from recess Sept. 5. The wildfires that destroyed at least 20 square miles, 13,000
Donald Trump faced a new criminal indictment this week — the fourth set of charges brought by prosecutors within five months. The latest one, unveiled by Fulton County district attorney Fani Willis in Georgia, accuses Trump of conspiring with top aides and allies in a racketeering scheme to overturn the results of the 2020 election
Municipal bonds sold by a unit of Hawaiian Electric Industries, which operates the utility that serves Maui, are plunging amid scrutiny over the company’s possible role in the island’s deadly wildfire. Investment-grade muni bonds sold by Hawaiian Electric Co. due in 2039 traded at about 65.7 cents on the dollar on Monday. That compares with
The top bond counsel in the first half of 2023 handled a combined $171.581 billion across 3,483 bond issues, down from $201.013 billion in 4,676 transactions this time last year. The top 10 bond counsel, which welcomed four newcomers this year, accounted for $77.823 billion across 1,066 issues during 1H 2023. The newcomers, Bracewell, Gilmore
The latest report from Glassnode Insights, titled “The Week On-Chain,” emphasized that Bitcoin (BTC) has reached historically low levels of volatility. This has led to a mere 2.9% separation between the asset’s Bollinger Bands, indicating an exceptionally narrow trading range. This situation has only been observed twice in Bitcoin’s history: in September 2016, when BTC
A plastics recycling plant in Ohio that company officials promise will “change the landscape of recycling” has launched initial operations after years of construction delays that triggered a bond default designation. “This is the moment we’ve been working toward for the last decade,” PureCycle Technologies LLC CEO Dustin Olson said Wednesday during a second-quarter earnings
The wheels of the United States luxury real estate market keep turning with big-time sales and exceptional new listings popping up every day. While on opposite coasts and consisting of disparate inventory, New York City and Los Angeles share similarly competitive markets and, as such, have some of the most expensive real estate in the
A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Banks — Major Wall Street banks slid during midday trading after CNBC reported Tuesday that Fitch Ratings may once again downgrade the health of the banking
Robert Doty, the veteran lawyer, underwriter, financial and municipal advisor, law professor, special consultant, expert witness and author of numerous publications, who played an early and instrumental role in developing disclosure rules for the municipal market, has passed away. He was 81. Doty’s passing in April came after a years-long battle with cancer. The public