Bitcoin remains well above the crucial support at $25,250, indicating that market participants have shrugged off the news of the lawsuits by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. When markets do not stay lower for long after negative news, it is a sign that traders are looking to buy the
Top Stories This Week U.S. SEC sues Binance and Coinbase amidst crypto crackdown Binance and Coinbase have been targeted in a new round of lawsuits by the U.S. Securities and Exchange Commission (SEC) against crypto businesses. The regulator pressed 13 charges against Binance on June 5, including those involving unregistered offerings and sales of tokens,
Municipals were little changed Friday ahead of a smaller new-issue calendar, outperforming a weaker U.S. Treasury market for another session. Equities ended up. Triple-A yields were mostly flat while UST yields rose up to nine basis points on the front end, pushing muni to UST ratios there lower. The two-year muni-Treasury ratio Friday was at
Partners at Odey Asset Management said that founder Crispin Odey would leave the firm after 13 women accused him of sexual misconduct. The high-profile financier and his firm have been at the centre of a growing crisis after the Financial Times reported on Thursday that 13 women alleged Odey had sexually assaulted or harassed them
Shopping carts outside a Target store in the Queens borough of New York, US, on Saturday, May 13, 2023. Target Corp. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Tesla, General Motors — Both carmaker stocks were climbing
Forbes Global Properties While Carolina Hurricane’s left wing Max Pacioretty may be lamenting his team’s early exit from the 2023 NHL playoffs, he still has plenty of reason to celebrate with the recent sale of his Las Vegas mansion. At $11 million, the deal is the most expensive in the exclusive neighborhood, The Ridges, where
“Persistently high inflation and the recent spike in lending rates will trigger a correction in the UK (Aa3 negative) housing market,” Moody’s Investor Service said in a report. Matt Cardy | Getty Images News | Getty Images LONDON – The U.K.’s biggest bank temporarily withdrew mortgage deals via broker services on Thursday, as the effect of
Today we are going to take a look at how to sell credit spreads in a bearish market. With the market moving down, selling credit spreads can be very tricky and difficult. That’s why in this video I’ll share with you an example of how I would sell a credit spread in a downward market,
A lawyer for the Puerto Rico Electric Power Authority bondholders argued Thursday that if a receiver had been in place early on in the PREPA bankruptcy process, they would have controlled him or her and therefore raised rates to repay bonds in full. Assured Guaranty Attorney Mark Ellenberg argued that to be the case in
Christian Anders, the CEO of Btc. x has said that despite the Markets in Crypto Assets (MiCA) being signed into law, the European Union (EU) might need to do a lot of more lobbying of different regulators in Europe and work with the different governments. In an interview with Cointelegraph, Anders noted that for the
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Bitcoin (BTC) challenged three-month lows into June 10 as altcoins in particular felt the heat from United States regulatory pressure. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Altcoin bloodbath as exchanges reshape landscape Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $25,483 on the day, down over $1,200 from the previous day’s
Changes to Illinois state pension benefits that may be needed to comply with federal Social Security rules carry an estimated $5.6 billion tab through 2045, according to an actuarial study published this week. State employees hired after 2010 get lower pension benefits than those hired before. Pension experts have long warned the Tier 2 benefits
Rishi Sunak has finally approved Boris Johnson’s resignation honours list, which includes appointments for Tory MPs and a senior official who worked in Downing Street during the partygate scandal. The former prime minister nominated several senior Conservative MPs who are his allies. Jacob Rees-Mogg, Conor Burns, and Simon Clarke were knighted, while Priti Patel and
In this article DOCU TGT ADBE GM TSLA BRZE Follow your favorite stocksCREATE FREE ACCOUNT GMC pickup trucks are displayed for sale on a lot at a General Motors dealership on January 05, 2023 in Austin, Texas. Brandon Bell | Getty Images Check out the companies making headlines in midday trading. Braze — Shares of
Father’s Day 2023 is just around the corner. This year, Dad doesn’t want another tie or gag gift. Instead, choose something special for the home. After all, home and decor gifts are things dad can use every day. From the kitchen to the living room, bathroom, and even the backyard, here are the ten best
damircudic | E+ | Getty Images The Federal Reserve is likely to temporarily pause its aggressive interest rate hikes when it meets next week, experts predict. But consumers may not see any relief. The central bank has raised interest rates 10 times since last year — the fastest pace of tightening since the early 1980s — only
The House Committee on Transportation and Infrastructure has introduced the Securing Growth and Robust Leadership in American Aviation Act, a bipartisan bill that would reauthorize the Federal Aviation Administration’s funding over the next five years, expanding the Airport Improvement Program and including a number of improvements aimed at improving workforce and services of the aviation
The United States Securities and Exchange Commission (SEC) is seeking ‘alternative service’ from the U.S. District Court in Washington, D.C., to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance. Zhao and Binance were recently sued by the SEC over alleged unregistered securities operations. Related: SEC sues Coinbase for breaking US securities
Tracey Ryniec and David Bartosiak, Stock Strategists at Zacks Investment Research, discuss Chipotle Mexican Grill, Inc. (CMG) and its recent stock plunge. Chipotle has been plagued by an E. coli outbreak in the Northwest and subsequent negative public relations which have hit fourth quarter sales hard. The company recently lowered fourth quarter sales guidance to
The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph. Ripple has been in a legal battle with the SEC since December 2020. The regulator alleges it was offering unregistered securities via XRP (XRP) since 2013. On June 6 the SEC
Preston Hollow Community Capital and Nuveen expect to close next month on a deal giving Nuveen a stake in its smaller rival in the high-yield muni space. The investment featured prominently in a settlement ending PHCC’s four-year-old legal pursuit of Nuveen for using what one judge labeled as “lies” and “threats” to damage its access
Donald Trump said on Thursday evening that he had been indicted on federal charges in connection with classified documents found at his Mar-a-Lago residence in Florida, the latest legal woe to hit the former US president as he mounts another White House run. “The corrupt Biden Administration has informed my attorneys that I have been
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. Evelyn Hockstein | Reuters The current crypto frenzy is ‘”reminiscent of what we had in the 1920s before the federal securities laws were put
In this article CMTL GM MTN DOCU Follow your favorite stocksCREATE FREE ACCOUNT The DocuSign website on a laptop in Dobbs Ferry, New York, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines after hours. DocuSign — DocuSign jumped 5.6% in extended trading after the electronic agreements firm
Forbes Global Properties A stylishly renovated three-bedroom penthouse in Manhattan’s Chelsea neighborhood takes in two iconic views of the city from a pair of terraces. The more than 2,200-square-foot unit has two outdoor spaces, one that has a view of the Empire State Building, and another catty-corner space that takes in lower Manhattan to One
A sign is posted in front of a home for sale in San Francisco, February 20, 2023. Justin Sullivan | Getty Images Even in a housing market that has slowed significantly due to rising mortgage rates, the supply of homes for sale is about half of what it was in 2019. The shortage is hitting
Bond lawyer requests for clarifications on Internal Revenue Service rules affecting municipal finance are so far eliciting no answers from the IRS, leading the National Association of Bond Lawyers to send a letter to the agency requesting a response to some issues that date back to 2018. The letter comes from NABL president Jodie Smith of Maynard Nexsen,
Bitcoin (BTC) abandoned the United States during the 2022 bear market, new research suggests. In a tweet on June 8, on-chain analytics firm Glassnode revealed some surprising conclusions about who is now using Bitcoin. BTC supply moves to Asia The past year has seen some seismic shifts in where Bitcoin is held and traded. In
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