The leafy L.A. neighborhood of Holmby Hills is known for its palatial, castle-like estates, each like its own private resort. The latest impressive home to the market is a $40 million European-inspired estate located down the street from the iconic Playboy Mansion and Spelling Manor. Sitting on 1.5 acres, the estate features Old World European-style
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The OECD helped persuade Australia to water down a law that would have required thousands of multinationals to publicly say where they pay tax. Two people familiar with the discussions told the Financial Times that the Paris-based organisation pressured Australia’s ruling Labor government to drop a crucial part of a new finance bill that would
Lawyers representing Elon Musk and Tesla asked a United States district court judge to toss out a motion to have them sanctioned over alleged conflicts of interest in a $258 billion lawsuit alleging Musk participated in an illegal racketeering scheme related to the Dogecoin cryptocurrency. In a filing dated July 6, Musk and Tesla’s team
Bitcoin (BTC) price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward. Bitcoin remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 range, investors’ sentiment was significantly impacted
The message the world’s top central bankers delivered late last month could not have been clearer. Bank of England governor Andrew Bailey, and his US and eurozone counterparts Jay Powell and Christine Lagarde, all insisted that high inflation — and high interest rates — would endure. When it comes to the US and the eurozone,
If Mark Zuckerberg and Elon Musk’s recent sparring online is to be believed, the two entrepreneurs will soon face off in a “cage match” in Las Vegas or Rome. The president of the Ultimate Fighting Championship, Dana White, has said he is trying to organise this real-life clash of the tech titans, claiming that both
Ether has been on a downward trend, with the $2,000 level forming a crucial resistance level in recent months. While Bitcoin (BTC) recorded 11.94% gains, moving past $30,000 in June after BlackRock filed an application for an exchange-traded fund with the Securities and Exchange Commission in the United States, the upside in Ether (ETH) stayed around 3.16%. In
The Puerto Rico Energy Bureau approved the Puerto Rico Electric Power Authority transfer of $12.8 million to AES-Puerto Rico to help shore up the company, which on June 1 defaulted on municipal bonds. The bureau voted 4-1 on Wednesday to release money in a PREPA escrow account to AES with the condition it is only
Chicago will deliver its 2024 budget forecast in mid-September after a series of public roundtable meetings this month that, along with a newly delivered transition report, will help shape Mayor Brandon Johnson’s first budget. Recommendations on pension funding fixes from a Johnson-appointed working group also could influence the budget as the panel readies initial proposals
Municipals saw small losses ahead of a larger new-issue calendar, while U.S. Treasuries were stronger up front and weaker out long after the jobs report came in lower than expected, as data continued to send the markets mixed signals on the economy’s health. Triple-A benchmarks rose up to three basis points, while USTs saw yields
Elon Musk has sued the law firm Wachtell, Lipton, Rosen & Katz to recover a portion of the $90mn fee paid by Twitter, the bulk of which was wired in the hours before the billionaire took over the social media company. Wachtell Lipton, an elite Wall Street firm, had helped Twitter’s then-board to close the
The writer is a former UK prime minister The Paris I just returned from is calm again. The streets are busy, the tourists doing their thing, the Parisians behaving typically. There have been worries that next year’s Olympics could be affected by the riots of the past 10 days. But in 2011, London had serious
A possible approval of a spot Bitcoin exchange-traded fund (ETF) won’t be a game changer for crypto markets, although it might benefit the leading cryptocurrency, according to a report by JPMorgan managing director Nikolaos Panigirtzoglou. Based in London, Panigirtzoglou is part of JPMorgan’s global market strategy team. He believes that a Bitcoin ETF in the
On today’s Macro Markets show, veteran stock market and Cointelegraph analyst Marcel Pechman starts by analyzing Argentina’s 150% inflation, which proves that people continue to work and consume (somehow) even if their local currency loses its value. What is the lesson here? For starters, everyone wants free money. That explains why altcoins and airdrops continue
Bitcoin is still struggling to stay above $31,000. While a tight consolidation near the overhead resistance is a positive sign, the failure to rise above it may result in short-term liquidations. However, a shallow pullback should not be considered a trend change because, many times, the bulls take a step back to regroup and launch another
Despite wide expectations for declining revenues, big-ticket tax cuts were on the agenda in state legislatures across the Northeast during the most recent budget negotiation periods. With a slowdown in economic activity expected going into fiscal 2024 after a strong post-COVID rebound, almost every state in the region passed or is still negotiating tax cuts
It was in the early hours of Monday, as a stream of soldiers entered his house via a hole they had just smashed in his daughters’ bedroom wall, that Ali Saadi realised that the latest Israeli raid on the Jenin refugee camp was different from the many others he had witnessed in recent years. Having
In this article META DKNG FSLR BABA Follow your favorite stocksCREATE FREE ACCOUNT A Rivian logo on an Amazon.com delivery electric van photographed in Chicago, Illinois, on July 21, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alibaba — U.S. shares of the Chinese company
To run a municipality in 2023 means preparing for constant cyberattacks. Cyberattacks have become “an everyday phenomenon” for municipalities, said Omid Rahmani, associate director of public finance at Fitch Ratings. “This problem is not going to get better. In the short term, it’s going to get worse before it gets better.” Moody’s Investors Service found
The US will supply Ukraine with cluster munitions for the first time after President Joe Biden approved the move as part of a new military aid package, US officials familiar with the decision said on Friday. The move to send cluster munitions, which are banned by many countries, comes as Washington and western allies try
The dire state of the NHS has led to predictable calls for a royal commission. But that would be a time-wasting distraction. The big secret is that there is widespread agreement, in the NHS and all political parties, on what needs to be done. The real question is why it still hasn’t happened. You could