The former Goldman Sachs economist who coined the Brics acronym has dismissed as “ridiculous” the notion that the group of emerging nations might develop its own currency, as Brazil, Russia, India, China and South Africa prepare to discuss whether to expand the bloc. Ahead of the group’s 15th summit next week, Lord Jim O’Neill told
Donald Trump and 18 others were charged with meddling in the 2020 presidential elections by prosecutors in Georgia, the fourth criminal case brought against the former US president in the space of five months. Fani Willis, the Fulton county district attorney, on Monday obtained a sweeping 98-page indictment from a grand jury against Trump on
When one of China’s biggest property developers wanted to raise $300mn in Hong Kong late last month, JPMorgan Chase seemed to have everything ready. The Wall Street bank had lined up investors for the Country Garden share sale, and published a term sheet with a fixed price. It launched the deal on a Monday evening.
If anything can be said to be trendy in the world of employment law, it is probably the “right to disconnect”. France, Belgium, Spain, Portugal, Italy, Luxembourg, Colombia, Peru, Argentina, Costa Rica and Thailand have all brought in new rules over the past six years which, broadly speaking, give employees the right to disconnect from
As 2022 drew to a close, Binance co-founder and chief executive Changpeng Zhao appeared to have the world at his feet. Sam Bankman-Fried, co-founder of Binance’s biggest rival FTX, went to Zhao in November last year hoping the Binance chief would bail out his own exchange. Zhao declined, sealing FTX’s fate. On November 10, one
Several on-chain metrics and charts are showing signals that could hint at the beginning of a new crypto bull market cycle, according to the co-founder of Delphi Digital. On Aug. 14, institutional crypto research firm Delphi Digital’s Kevin Kelly said that crypto markets are cyclical and predictable which “has huge implications for the crypto market
Kevin Matras shows the right way to find great growth stocks at an excellent value. Highlighted stocks include DB, NEU, SBS and SEPR. http://www.zacks.com/research/screening/index.php
In this tutorial, we explain what we mean by divergence in the context of an oscillator and go on to give examples of how to read and use divergence with the Relative Strength Index (RSI), including examples with real-world charts. We also talk about how to combine divergence, overbought/oversold signals and failure swings into one
A potential wave of spot Bitcoin exchange-traded funds, PayPal’s new stablecoin and a key Ethereum upgrade are among the catalysts that could wake crypto from its hibernation. While early 2023 has seen the price of Bitcoin and other cryptocurrencies improve from the second half of 2022, the past five months have seen more lethargy, with
Curb appeal is important to buyers – and it’s also important to your neighbors. Both groups are forming first impressions about the type of homeowner you are, based on your home’s exterior. And for good reason, since your home’s curb appeal can affect the entire neighborhood. “Curb appeal is the first-impression that buyers get of
Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end. In an Aug. 11 Twitter post, Scott Johnsson, a general partner of Van Buren Capital explained that law clerks in
Web3 gaming platform Immutable has commenced public testing of its Immutable zkEVM in collaboration with Polygon Labs. Work on the zero-knowledge Ethereum virtual machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon’s own ‘holy grail’ Ethereum-scaling zkEVM hit mainnet on March 27. In an Aug. 14 announcement, Immutable said its
A Discover Financial Services credit card. Scott Eelis | Bloomberg | Getty Images Check out the companies making headlines after the bell. Discover Financial Services — The financial services stock fell more than 5% after announcing the resignation of its CEO. The board announced that Roger Hochschild would step down from the position, effectively immediately, and
8/14/2023, 11:07:10 PM What to watch in Asia today George Russell in Hong Kong Events: Beijing’s new rules for generative artificial intelligence come into effect. The Cyberspace Administration of China said it would “promote innovation” but “attach equal importance to development and security” in the updated AI measures. Chevron and Woodside Energy Group hold talks
Saudi Arabia and the United Arab Emirates are buying up thousands of the high-performance Nvidia chips crucial for building artificial intelligence software, joining a global AI arms race that is squeezing the supply of Silicon Valley’s hottest commodity. The Gulf powerhouses have publicly stated their goal of becoming leaders in AI as they pursue ambitious
Municipals were lightly traded and mostly steady Monday while U.S. Treasuries saw losses across the curve and equities ended in the black. Triple-A yield curves saw a mix of small bumps and cuts by a basis point or two, depending on the curve, while Treasuries saw losses of one to seven basis points with the
Annual tax revenue collection in Massachusetts fell by 4.7% in fiscal year 2023, the State Department of Revenue announced in its yearly report released Friday. The state collected $39.2 billion in fiscal 2023, $1.94 billion less than in fiscal 2022 and 1.5% below the state’s set benchmark, the report said. Officials attributed the year-over-year dip
Billionaire financier Leon Black has sued a law firm over explosive tweets that he says hastened his exit from Apollo Global Management, accusing the firm of smearing him with false allegations in an effort to extract “exorbitant” fees. The complaint seeks to turn the tables on the Wigdor firm, which has soared to prominence over
Well-informed Forbes.com readers are surely aware that co-working giant WeWork stated last week in a 10-Q filing that “substantial doubt exists about the company’s ability to continue as a going concern”. Given that WeWork lost about $600 million in the last six months and only has approximately $680 million in liquidity currently available, I can
The connection between Bitcoin and gold goes back to Bitcoin’s origin. While it is not mentioned in the Bitcoin white paper, Satoshi Nakamoto actually referred to gold’s rarity in a Bitcointalk forum post when introducing the first version of Bitcoin (BTC) in 2009. This was to emphasize the importance of a limited supply of 21 million coins.
California Gov. Gavin Newsom’s newest policy thrust to reduce homelessness by improving mental health services — including a proposed $4.5 billion bond to add psychiatric beds — is likely to get some pushback from county governments. An analysis from the Legislative Analyst’s Office estimates that Newsom’s overhaul of the state’s behavioral and mental health system