Celebrating his narrow election as new leader of Scotland’s governing Scottish National party on Monday, a beaming Humza Yousaf told assembled SNP members he felt like the “luckiest man in the world”. The feeling may not last. Yousaf, 37, will certainly make history this week when he becomes the first member of an ethnic minority
After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the lateralization period between March 20 and
After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth
The Securities and Exchange Commission’s proposal to clamp down on conflicts of interest connected with the sale of asset- backed securities and certain other securitization transactions, as required by Dodd-Frank, should exempt municipal bonds as the proposal is unnecessarily broad and may negatively affect underwriters involved in certain transactions. The proposed rule as part of
The municipal market is a safe haven with stronger fundamentals and higher quality than the corporate market, as well as buying opportunities, according to Jennifer Johnston, director of research in the municipal bond group at Franklin Templeton. “We have significantly lower default rates and the ratings of the muni indices are even stronger when compared
The Irvine City Council is slated to vote Tuesday night on the issuance of $455 million in dirt bonds to further develop Orange County, California’s Great Park. Plagued by accusations of cronyism and improper management, the park located at the site of the former Marine Corps Air Station El Toro, hasn’t lived up to its
The Federal Reserve’s top official on banking supervision has blamed the collapse of Silicon Valley Bank on a “textbook case of mismanagement”, saying the board of the US central bank had been briefed on the troubles at the California lender in mid-February. In congressional hearing testimony released ahead of an expected grilling on SVB’s failure
Bob Iger’s plan to attack streaming-boom era spending at Walt Disney will pick up steam this week as the company begins the process of cutting about 7,000 jobs. In a memo to staff on Monday, Iger said the cuts would start this week and last until the early summer, with the bulk taking place in
Saudi Aramco has agreed to acquire 10 per cent of a Chinese oil refiner for $3.6bn in the second in a pair of deals set to strengthen the relationship between the Middle Eastern state oil company and its biggest market. Under the arrangement with Shenzhen-listed Rongsheng Petrochemical Co, Saudi Aramco will supply 480,000 barrels a
To bolster its infrastructure and higher education divisions, Siebert Williams Shank & Co. has hired Marvin Markus and Mark Liff as managing directors, the firm announced Monday. Markus and Liff are municipal financial industry veterans with decades of experience between them. “With the addition of Marvin Markus and Mark Liff, our firm is adding two senior
It is a mark of Nicola Sturgeon’s impact on Scottish and UK politics that the contest to succeed her as Scotland’s first minister has drawn interest far beyond British shores. Yet the outgoing Scottish National party leader’s achievement in entrenching support for independence at a little under 50 per cent was not matched by her
On March 27, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital assets continue to attract investors’ attention as concerns over the stability of traditional finance (TradFi) continues to grow. According to the latest report, investment products in digital assets experienced inflows of $160 million last week, the largest
A US financial regulator has accused Binance and its chief executive Changpeng Zhao of operating illegally in the country, in a lawsuit that seeks fines and an injunction against the world’s largest crypto trading exchange. The Commodity Futures Trading Commission alleged in a civil complaint filed on Monday that much of Binance’s reported trading volume
The world’s largest crypto exchange by trade volume, Binance Holdings Ltd., has been sued by the U.S. Commodity Futures Trading Commission. Binance CEO Changpeng Zhao has been named in the lawsuit and the charges claim the crypto exchange broke several trading and derivatives rules. The lawsuit also names Binance’s former chief compliance officer, Samuel Lim,
In this article CCL PACW FCNCA COIN Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | Nurphoto | Getty Images Check out the companies making the biggest moves midday: Coinbase Global — Shares of the cryptocurrency exchange tumbled nearly 10% in midday trading, along with Bitcoin and ether, after the Commodity Futures and Trading Commission
The latest breakthroughs in artificial intelligence could lead to the automation of a quarter of the work done in the US and eurozone, according to research by Goldman Sachs. The investment bank said on Monday that “generative” AI systems such as ChatGPT, which can create content that is indistinguishable from human output, could spark a
Even when they don’t buy a fixer-upper, most people will end up doing some amount of repairs on a new home. About 95% of homeowners said they plan to take on a major home improvement project in the next five years, according to a recent report by Real Estate Witch. However, only 50% said they
XRP (XRP) price is currently outperforming all other major cryptocurrencies as of March 27, rising over 20% in the past seven days. XRP accumulation ahead of SEC vs. Ripple ruling XRP has seen steady gains over the past seven days as the ongoing legal quandary between Ripple and the U.S. Securities and Exchange Commission (SEC) is
Bitcoin (BTC) price is down today as crypto opens a new week underperforming major risk assets. Binance “FUD” threatens BTC price support Data from Cointelegraph Markets Pro and TradingView shows Bitcoin (BTC) down 1.6% on the day, heading toward $26,500. The largest cryptocurrency spent most of the weekend in a sideways trading zone with a lack of
The Texas Senate last week passed what one lawmaker called “off-the-charts, historical, record, unprecedented property tax relief.” At $16.5 billion over the upcoming biennium, State Sen. Paul Bettencourt’s string of superlatives for the tax cut package appears to be justified. Cheered on by Republican Lt. Gov. Dan Patrick, who heads the Senate, the measures sailed
In this video, we will go into detail about how to set up and construct a bullish diagonal strategy on ROKU. Roku has had a major downside move and is struggling to get back up to higher prices. In this episode, I will construct an options diagonal strategy for a possible pop or move to