Britain’s windfall tax on oil and gas producers is set to be scaled back as part of efforts to boost investment in the North Sea, according to three people briefed on the government’s plans. The chancellor, Jeremy Hunt, is expected to confirm plans to introduce a “floor” on the 35 per cent levy in the
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Boris Johnson is poring over the findings of a probe into whether he lied to MPs about lockdown parties in Downing Street, as some allies fear he could face a sanction that triggers his potential eviction from parliament. The former prime minister is being investigated by the Commons privileges committee over whether he misled parliament
A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recently conducted a study comparing energy consumption rates for current ASIC-based miners to proposed quantum-based solutions. According to the team’s preprint research paper, the systems utilizing quantum computing demonstrably outperformed standard mining rigs in energy efficiency: “We show that
Municipals were steady Thursday as several larger deals priced and inflows returned to municipal bond mutual funds after 16 straight weeks of outflows. U.S. Treasuries were firmer and equities were up near the close. The two-year muni-Treasury ratio Thursday was at 65%, the three-year at 68%, the five-year at 69%, the 10-year at 70% and
In this week’s episode of Market Talks, Cointelegraph welcomes Lark Davis, who has been actively involved in the world of cryptocurrency since 2017. He is a Bitcoin (BTC), crypto and stock investor and boasts over 1 million followers on Twitter and over 470,000 YouTube subscribers. In today’s discussion with Davis, we first get to know him
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. Evelyn Hockstein | Reuters The current crypto frenzy is ‘”reminiscent of what we had in the 1920s before the federal securities laws were put
A sign is posted in front of a home for sale in San Francisco, February 20, 2023. Justin Sullivan | Getty Images Even in a housing market that has slowed significantly due to rising mortgage rates, the supply of homes for sale is about half of what it was in 2019. The shortage is hitting
Bond lawyer requests for clarifications on Internal Revenue Service rules affecting municipal finance are so far eliciting no answers from the IRS, leading the National Association of Bond Lawyers to send a letter to the agency requesting a response to some issues that date back to 2018. The letter comes from NABL president Jodie Smith of Maynard Nexsen,
Bitcoin’s price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. Both exchanges are being sued on multiple counts, including failure to register as licensed brokers and offering unregistered
Municipal market participants looking for signs about what the future holds for interest rates received a prediction of a pause in hikes from a Securities Industry and Financial Markets Association-sponsored roundtable of economists Wednesday. The Federal Open Market Committee is scheduled to meet next week with many experts expecting to see a pause in federal
The House Ways and Means Committee approved legislation Wednesday renewing aviation taxes for five years, a key piece of the Federal Aviation Administration reauthorization that’s a must-pass Congressional priority this summer. HR 3796 passed along party lines, with Democrats complaining the bill was rushed and contained a surprise border patrol earmark benefiting a top Republican
The North Carolina Local Government Commission gave approval Tuesday for Wilmington officials to sell $70 million of bonds to buy a 12-story downtown building as it consolidates city agencies into one place. Most bond sales in the state must be approved by the commission, which is chaired by State Treasurer Dale Folwell and reviews if
Last month an event erupted online that should make any investor wince. A deepfake video of a purported explosion near the Pentagon went viral, after it was retweeted by outlets such as Russia Today, causing US stock markets to wobble. Thankfully, the American authorities quickly flooded social media with statements declaring the video to be
NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading. GameStop — The meme stock tumbled nearly 18% after the company fired CEO Matthew Furlong and appointed Ryan Cohen as executive chairman, effective immediately. The company didn’t provide a reason for the termination. related investing news Wells Fargo says improving
A stylishly renovated three-bedroom penthouse in Manhattan’s Chelsea neighborhood takes in two iconic views of the city from a pair of terraces. The more than 2,200-square-foot unit has two outdoor spaces, one that has a view of the Empire State Building, and another catty-corner space that takes in lower Manhattan to One World Trade. With
Grill.chat, a chat app based on the Subsocial network, has now implemented Ethereum Virtual Machine (EVM) wallet compatibility, allowing users to chat using their Ethereum identities and send crypto to each other via Polygon, according to a June 7 announcement. Subsocial is a Polkadot parachain designed for social media applications. Grill.chat allows users to participate in
The San Francisco Bay Area Rapid Transit District, facing continued steep pandemic-driven ridership declines, received a two-notch downgrade on its general obligation bonds from S&P Global Ratings, even as a bevy of state lawmakers plead with colleagues to include a transit rescue package in the budget. BART’s GO rating fell to A-plus from AA, but
Kyiv has committed German-made tanks into battle against Russian positions in south-eastern Ukraine, launching the first heavily armoured assaults of its long-anticipated counter-offensive. Two army personnel, two western officials in Kyiv and military analysts said the moves were a clear sign that, after months of preparations and training, Ukraine’s summer push to liberate occupied territory
Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests. In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin. BTC supply moves to Asia The past year has seen some seismic shifts in where Bitcoin is held and traded. In
In this article ADBE LCID LVS WYNN GME Follow your favorite stocksCREATE FREE ACCOUNT A GameStop location on 6th Avenue on March 23, 2021 in New York. View Press | Corbis News | Getty Images Check out the companies making the biggest moves in premarket trading: GameStop — Shares plummeted nearly 21% in premarket trading.
Billions of people will have a terrible time if the satellite communications networks encircling our planet ever go down. Mobile phones will stop chirping, navigation systems will crash, television screens will go dark and financial transactions will fail. The three most likely ways this might happen are: an intense geomagnetic storm resulting from a solar