The headquarters of Texas State Bankshares, holding company for Texas Regional Bank. Acquiring Estrada Hinojosa would round out the fee-revenue-producing business lines that Harlingen-based Texas State has been building for more than a decade. Texas State Bankshares in Harlingen is taking a big plunge into public finance, announcing Monday a deal to acquire one of
BlackRock, a multinational investment company, shocked many in the cryptocurrency industry in June when it filed an application for an exchange-traded fund (ETF), the iShares Bitcoin Trust. It’s seeking to overcome 10-year-long opposition from United States regulators to cryptocurrency ETFs. A spot Bitcoin ETF would be tradable on a traditional stock exchange and track with
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese man’s $10M loss as court says Bitcoin lending not protected by law A man in China’s Jiangsu province, identified as Mr. Xu, appears to be out of luck after a court ruled that his 341 Bitcoin loan ($9.9 million) to
In this article LCID BYND CE IFF PARA HIMS CHGG Follow your favorite stocksCREATE FREE ACCOUNT Beyond Meat’s Cookout Classic value pack Beyond Meat Check out the companies making headlines in after-hours trading. Chegg — Shares soared more than 25% after the educational tech company posted quarterly results. Chegg notched second-quarter revenue of $183 million,
Russian forces carried out two strikes on the eastern Ukrainian town of Pokrovsk on Monday evening, hitting a popular hotel. At least five people were killed and a further 31 injured, according to Ukraine’s interior ministry on Telegram. In his nightly address, Ukraine’s president Volodymyr Zelenskyy said Russia had used short-range Iskander ballistic missiles to
Weekly cryptocurrency asset flows for the week ending Aug. 4 reconciled at $107 million in outflows, continuing a three-week negative trend totaling $134.8 million. Once again, the lion’s share of movement was attributed to Bitcoin (BTC). With $111 million in outflows, Bitcoin funds negated the majority of inflows for the week. According to CoinShares’ Digital
Municipals were lightly traded and little changed for a typical summer Monday while U.S. Treasuries pared back some of Friday’s gains and were weaker out long. Equities were in the black to close the session. While triple-A yield curves were little changed the past two sessions, some damage was done last week, leaving market participants
Meta has axed a team that used artificial intelligence to create the first database of more than 600mn protein structures, in a signal the company is abandoning purely scientific projects in favour of building moneymaking AI products. The social media giant had employed a group of about a dozen scientists on a project called ESMFold,
Bitcoin (BTC) has been trading near the $29,000 level for the past few days. This suggests a lack of strong demand at higher levels but the only solace for the bulls is that they have managed to sustain the price above the immediate support. The uncertainty about the next directional move may have tempted short-term
A Russian court has frozen about $36mn worth of Goldman Sachs’ assets in the country after state-owned bank Otkritie, which is under western sanctions, filed a lawsuit against the US bank. Otkritie accused Goldman of refusing to fulfil Rbs615mn ($6.4mn) of debt obligations under derivatives agreements between the two banks. According to court documents published
A preliminary deal to restructure more than $186 million taxable Puerto Rico Industrial Development Company bonds at 100% of original par was reached last week, which some sources suggest is a signal of a larger deal with parties in the Puerto Rico Electric Power Authority negotiations. The Puerto Rico Fiscal Agency and Financial Advisory Authority
New data show that air travel, especially international flights departing from the U.S. are coming back strong, a key driver for the health of airport credits that should provide some relief to a sector carrying a heavy debt load. A report from the Airports Council International – North America released on Monday shows an increase
Goldman Sachs’ global head of commodities research Jeff Currie, well-known to energy traders for his upbeat predictions, is leaving the Wall Street bank after 27 years in the latest senior departure from the firm. The analyst made a name for himself after a series of bold and often bullish calls, including predicting the so-called “super
A UK bank serving 14,000 charities has announced £15mn in fresh debt funding from its owner after reporting steep paper losses on the value of its bond holdings. CAF Bank said on Monday it had struck a deal with the Charities Aid Foundation, the UK’s largest charity by income, to cover the shortfall that the
Warren Buffett and Bill Ackman are two of the most successful investors in the world, but they have taken opposing views on the bond market in recent months. Only one can be right. Billionaire investor Bill Ackman says he is shorting US Treasuries. if long-term inflation is 3% not 2%, the 30y Treasury yield could
An extension of a half-cent sales tax to fund transportation projects in Arizona’s fast-growing Maricopa County will be up to voters in November 2024 after the governor last week signed a compromise bill into law. The billions of dollars raised by the so-called Proposition 400 tax extension would flow to freeways, roads, and mass transit
A bankrupt public hospital in California is near a deal with a private operator that officials hope can keep the facility open. Hazel Hawkins Memorial Hospital is the only acute-care hospital serving the 67,000 residents of San Benito County. Its managers are pinning their hopes on American Advanced Management, a small Modesto, California-based hospital chain.
Bitcoin (BTC) fell below $28,700 after the Aug. 7 Wall Street open as “endless spot selling” drove BTC price action lower. BTC/USD 1-hour chart. Source: TradingView Bitcoin traders brace for losses as $29,000 support breaks Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning nearer to its August lows after a shaky weekly close.
In this article PYPL CNK PLTR SOVO CPB BRK.A TSLA Follow your favorite stocksCREATE FREE ACCOUNT Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleu | Pool | via Reuters Check out the companies making headlines in midday trading.
Connecticut’s capital city has regained another investment grade rating. Moody’s Investors Service on Friday upgraded Hartford’s issuer rating to Baa3 from Ba2. The outlook was changed to stable from positive at the higher new rating. The upgrade reflects “the city’s continued financial improvement inclusive of cash and reserves that have materially increased over the last
Ron DeSantis said “of course” Donald Trump lost the 2020 election, as the Florida governor took a new jab at the former president, who is facing criminal charges that he plotted to overturn the results of the last presidential race. In an interview with NBC set to air on Monday evening, DeSantis, who is challenging