Most members of the House Municipal Finance Caucus appear to have won re-election in Tuesday’s tight midterm elections, while key advocates of state and local tax reform will be exiting the stage next year. As results continued to trickle in Friday, Republicans were on track to gain a narrow majority in the House and Democrats
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FTX, the once high-flying crypto currency group, has filed for bankruptcy protection in the US, marking a stunning collapse of the $32bn empire built by the colourful 30-year-old entrepreneur Sam Bankman-Fried. The filing in Delaware federal court on Friday included the main FTX international exchange, a US crypto marketplace, Bankman-Fried’s proprietary trading group Alameda Research
MYKOLAIV, Ukraine (AP) Russia relinquished its final foothold in a major city in southern Ukraine on Friday, clearing the way for victorious Ukrainian forces to reclaim the countrys only Russian-held provincial capital that could act as a springboard for further advances into occupied territory. Russias Defense Ministry said its troops finished withdrawing from the western
NYPD kill gunman in Brooklyn NYPD officers took down a man opening fire on a Coney Island street on Thursday evening. NEW YORK – NYPD officers in Brooklyn shot and killed an armed domestic violence suspect who fired at them, according to police. Cops responded to Neptune Avenue and West 36th Street in Coney Island
BitcoinBTC/USD is down almost 4%. Several popular crypto coins are trading lower during Friday's session after cryptocurrencyexchange FTX filed for bankruptcy in the U.S. Sam Bankman-Fried, the company's CEO and founder, has also stepped down but will "assist in an orderly transition." What Happened? The development after Tron founderJustin Sunsaid he is prepared to infuse
Electric vehicle leader Tesla Inc TSLA is well-known for its gigafactories around the world that have helped boost production and delivery figures. The company could have a new plan to support demand and help with costs. What Happened: Already one of the biggest players in the Chinese electric vehicle market, Tesla could soon use this
MYKOLAIV, Ukraine (AP) Russia relinquished its final foothold in a major city in southern Ukraine on Friday, clearing the way for victorious Ukrainian forces to reclaim the countrys only Russian-held provincial capital that could act as a springboard for further advances into occupied territory. Russias Defense Ministry said its troops finished withdrawing from the western
Twitter CEO Elon Musk and horror fiction writer Stephen King exchanged yet another round of tweets with the author expressing a preference for the platform as it was before the Tesla Inc TSLA chief executive purchased it. What Happened: King said, "I think I liked Twitter better in the pre-Musk days. Less controversy, more fun."
close video FTX crisis doesn’t change long-term success of crypto: Coinbase CFO Alesia Hass Coinbase CFO Alesia Hass discusses the chaos surrounding crypto exchange FTX and if there are any suitors ready to buy the distressed company on ‘The Claman Countdown.’ FTX filed for bankruptcy after a week of tumult for the cryptocurrency exchange, the
Amid the liquidity crunch affecting the FTX cryptocurrency exchange, Crypto.com has published its proof of reserves in what the platform terms as promoting transparency. Crypto.com announced that an interim audit indicates that its reserves stand at approximately $2.9 billion, the exchange said in a blog post on November 11. According to the exchange, part of
After it was discovered that FTX was dealing with financial issues and the crypto exchange paused withdrawals, U.S. regulators started to take notice. On Nov. 10, 2022, California’s Department of Financial Protection and Innovation (DFPI) published a consumer alert and said the state regulator was “investigating the apparent failure of crypto asset platform FTX.” California’s
Each month many economic indicators are released containing data that can help inform your view of the economy. In this video, we run through five pieces of information to bear in mind when checking the release of economic news. Test and practice your investment strategies in real market conditions with virtual money. Learn to trade
In this article ARKK Follow your favorite stocksCREATE FREE ACCOUNT Catherine Wood, chief executive officer of ARK Investment Management LLC, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, May 2, 2022. Lauren Justice | Bloomberg | Getty Images Cathie Wood’s flagship ARK Innovation ETF staged a dramatic relief rally Thursday
In this article WBA LVS INTC DOCS USB WYNN Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Walgreens (WBA) – The pharmacy chain operator’s stock added 1.5% in the premarket after Deutsche Bank upgraded the stock to buy from hold. Following a recent meeting with management, the firm
Americans disagree on many social issues, but one we’re strongly united on is appreciation for our fellow countrymen and women who have served in our nation’s military – especially today, Veteran’s Day. It’s likely that the greatest expression of gratitude our nation has ever given to those who have worn the uniform is the Servicemen’s
Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily. That matches the record drop at the start of the Covid 19 pandemic.
Municipals rallied hard Thursday with the greatest gains seen out long after a lower-than-expected consumer price index report showed inflation is cooling, boosting all markets. U.S. Treasuries rallied out of the gates seeing yields close the session up to 31 basis points lower on the short end of the curve, while equities made massive gains,
The National Association of Bond Lawyers recently responded to a request for comments on new Internal Revenue Service regulations resulting from the transition from the London Interbank Offered Rate to alternative rates, making seven major requests of the IRS. Joseph “Jodie” Smith, the president of NABL, replied via a letter sent to Charles P. Rettig,
US stocks shot higher and Treasuries rallied on Thursday after October’s closely watched inflation data came in cooler than expected, setting the stage for lower Federal Reserve rate rises. Wall Street’s benchmark S&P 500 added 4.3 per cent in afternoon trading in New York, while the tech-heavy Nasdaq Composite jumped 5.8 per cent. In government
close video California’s ‘spiral of lawlessness’ needs to stop right now: Nathan Hochman Attorney General of California candidate Nathan Hochman discusses his anti-crime platform on ‘The Claman Countdown.’ Prominent businesses in Long Beach, California, are threatening to pack up and move if issues such as crime, drug use and homelessness are not addressed, according to