Olaf Scholz rejected comparisons between Deutsche Bank and Credit Suisse as a slump in the German lender’s shares sparked a further day of turmoil for the banking sector. Speaking after Deutsche shares fell 14 per cent, the German chancellor sought to shore up confidence in the country’s biggest bank, with investors still nervous after the
Moody’s Investors Service raised the outlook on Guam to positive from stable on Thursday. The outlook is on the Ba1 rating of the territory’s general obligation, special tax rating, and the Ba2 rating on its certificates of participation rating, all of which were affirmed. The improved outlook stems from Guam’s improved financial position resulting from
New York officials are looking with caution as the fallout from the Signature and Silicon Valley Bank failures casts a pall over budget negotiations. Both the city and the state are working on their fiscal 2024 budgets. The state’s fiscal year begins April 1 while the city’s starts on July 1. Amid rising inflation and
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Wisconsin’s Republican legislative majority delivered its latest rebuke to Gov. Tony Evers’ biennial spending plan with their rejection of the Democrat’s $3.8 billion capital plan. The State Building Commission — which includes Evers, four Republican members, two Democrats, and a citizen voting member — rejected all of Evers’ line items at its meeting Thursday in
Dima_sidelnikov | Istock | Getty Images Recent headlines underscore the fragility of the stock market and, along with it, the ability for many investors to make reasonable decisions about their retirement readiness. Many who recall the violent reaction their portfolios had in the Dot Com Bubble and the Financial Crisis would prefer to avoid the
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In this article BAC DB SQ Follow your favorite stocksCREATE FREE ACCOUNT A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Deutsche Bank — The German lender’s shares tumbled 13% following a
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro. The 31-year-old entrepreneur was charged with eight separate counts, including securities fraud, commodities fraud and wire fraud, according to a March 24 report from Bloomberg. What appears to be the
Our weekly roundup of news from East Asia curates the industry’s most important developments. Chinese crypto billionaire sued by SEC On Mar. 22, the U.S. Securities and Exchange Commission, or SEC, announced charges against Chinese blockchain personality and billionaire Sun Yuchen — better known as Justin Sun — and three of his wholly-owned companies Tron Foundation
German automaker Volkswagen is set to receive $1.3 billion in state aid under an economic development deal signed by South Carolina Gov. Henry McMaster on Monday, backing the construction of a new electric-vehicle production plant 20 miles north of the capital, Columbia. The $2 billion planned factory will produce electric vehicles under the Scout nameplate,
Municipals were slightly firmer in spots, while U.S. Treasuries extended their rally once more and equities ended up. The two-year muni-UST ratio was at 65%, the three-year at 66%, the five-year at 68%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the
The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m. EST. Some users still managed to claim it through alternative methods like Arbiscan. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1. At ByBit,
TikTok’s chief executive told US lawmakers that the viral video app would be kept “free from any manipulation by any government”, as he tried to head off a potential ban in the US. Shou Zi Chew faced bruising questioning in Congress on Thursday over the social media app’s links to its Chinese parent company ByteDance.
Today we will review Carvana (CVNA) and see how to buy the dip by using a protected diagonal strategy. This stock has been selling off quite a bit and you might be anxious to get in on it or pull the trigger. The problem is you don’t want to catch a falling knife. Instead, when
CoreLogic, a property data and analytics provider, has announced the results of its “Safest Places to Live” study that details the least risky places to live in the U.S. from a natural disaster perspective. While severe thunderstorms and flooding pose risk to most homes in the U.S., McKinley County, New Mexico emerged as the least
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In this article COIN SCS Follow your favorite stocksCREATE FREE ACCOUNT All Coinbase Japan customers will have until Feb. 16 to withdraw their fiat and crypto holdings, the company said in a blog post. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in extended trading. Steelcase — Shares of the office
Municipals were mixed Wednesday as U.S. Treasuries rallied following the Federal Open Market Committee’s decision to hike rates a quarter point. Equities sold off. The two-year muni-UST ratio was at 64%, the three-year at 65%, the five-year at 67%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. ET
Whether the not-for-profit hospital sector earns its exemptions from taxes and the related ability to issue tax-exempt debt takes center stage in a new Kaiser Family Foundation analysis. The foundation’s report values the benefits of tax-exempt status for hospitals at nearly $12 billion more than the amount of discounted and free care they provided in
Bitcoin (BTC) saw heavy volatility on March 22 as the United States Federal Reserve hinted that it may stop interest rate hikes. Powell on rates: “‘May’ and ‘some’ instead of ‘ongoing'” Data from Cointelegraph Markets Pro and TradingView showed sharp moves both up and down for BTC/USD as the Fed hiked by an anticipated 25 basis