UK losses to crypto fraud increased more than 40 per cent over the past year, surpassing £300mn for the first time, according to Britain’s fraud reporting agency. Law firms said the data, provided by Action Fraud, reflected the scale of cyber crime and the high-profile collapse of crypto exchange FTX last year that triggered a
Fitch, the credit rating agency, has placed the US’s triple A rating on watch for a possible downgrade as talks to resolve a looming fiscal crisis dragged on without a deal nearly a week before a possible default. In a statement on Wednesday evening, Fitch said the move reflected “increased political partisanship that is hindering
Soaring demand for the chips needed to train the latest wave of generative artificial intelligence systems such as ChatGPT led Nvidia to issue a revenue forecast far ahead of Wall Street expectations, prompting a surge in its stock price in after-market trading. The US chipmaker on Wednesday said it expected sales to reach $11bn in
Microsoft has warned that a state-sponsored Chinese hacking group has compromised “critical” communications infrastructure in the US in order to disrupt transmissions in the event of any future conflict between the superpowers. In a rare announcement about a systems breach, the US technology giant said the hackers, codenamed “Volt Typhoon”, have operated since mid-2021. They
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In this article ELF GES AEO SNOW NVDA Follow your favorite stocksCREATE FREE ACCOUNT The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters Check out the companies making headlines after hours. Nvidia — Nvidia shares surged 19% in extended trading. The chipmaker
Indian Creek in Miami-Dade County is considered one of the most expensive and exclusive neighborhoods in the United States for its multi-million-dollar mansions and high-profile residents, ranging from billionaires to celebrities and athletes. Indian Creek, a village tucked between Bal Harbour and Miami Beach, has 41 residential homes, a private country club, and advanced security.
Indian Creek in Miami-Dade County is considered one of the most expensive and exclusive neighborhoods in the United States for its multi-million-dollar mansions and high-profile residents, ranging from billionaires to celebrities and athletes. Indian Creek, a village tucked between Bal Harbour and Miami Beach, has 41 residential homes, a private country club, and advanced security.
Minnesota lawmakers ended their 2023 session after passing a two-year budget with new funding for schools and social services, a $2.6 billion capital package, and a tax package that raises some taxes and fees on top earners and corporations while providing rebates for others and paying off debt for the NFL Vikings’ stadium. The budget
Municipals were steady to weaker in spots Wednesday, while U.S. Treasury yields rose several basis points in conjunction with the release of the Federal Open Market Committee minutes that showed members split on whether interest rates will be raised further. Stocks sold off. After cuts up to 10 basis points Tuesday, triple-A yields were cut
The EU has discussed sending Ukraine the profits generated by billions of euros of Russian assets that are stuck inside the plumbing of global financial markets. Officials from member states and the European Commission met on Wednesday to explore options for siphoning off the interest generated by Russian assets held at Euroclear, the world’s biggest
The secondary market has yet to react to California’s negative outlook from Moody’s Investors Service, as credit spreads have generally tracked the recent market selloff. While Municipal Market Analytics acknowledged that California faces some economic headwinds, the firm was surprised at how quickly Moody’s revised the outlook after the governor’s May budget revisions were announced.
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Bitcoin is threatening to break the narrow range to the downside. The cryptocurrency markets seem to be taking cues from the United States equities markets, which have been down for two straight days due to the uncertainty regarding the debt ceiling negotiations. If the debt ceiling talks stretch further, traders may lighten their positions from risky assets,
kali9 Young adults in the United States are taking longer to reach “key life milestones,” including financial independence from parents and living on their own, compared to four decades ago, according to a Pew Research Center analysis released on Tuesday. In 2021, adults who were 21 were less likely to have a full-time job; be
Cities and states may start to pause borrowing plans as the nation heads toward a breach of its debt limit as soon as next week. “If the debt ceiling is not raised, it’s going to be a brave new world,” said David Womack, deputy director at New York City’s Office of Management and Budget. “It
In this article PANW ANF URBN GLW A Follow your favorite stocksCREATE FREE ACCOUNT Customers exit an Abercrombie & Fitch store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Citigroup – Citigroup shares fell nearly 3%. The bank announced plans to spin
The Oklahoma Supreme Court upheld the dismissal of a lawsuit challenging a turnpike extension plan while it weighs whether initial bonds to finance the $5 billion, 15-year project are valid. In an opinion Tuesday, the high court left intact a December decision by a Cleveland County District Court judge granting the Oklahoma Turnpike Authority’s motion
The Boerum Hill brownstone one-bedroom rental was small but nicely renovated. At the first open house, there were 15 appointments. Most of those renters made offers, some in excess of the $3,500 monthly asking price. The Upper West Side townhouse, renovated for sale, received an offer to rent for $35,000 before the renovation was completed
On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication. The sell-off came after users reported that their multichain funds had not arrived due to a backend node upgrade “taking longer than expected.” An admin in the Multichain
While most U.S. states came out of the pandemic in relatively good economic shape, some warning signs are starting to emerge as money flowing into state coffers starts to slow. Municipal bond issuers may see their revenue streams come under pressure from a variety of possible threats. Inflation obscured the impact of declining revenue in