Crypto embraced, then forgotten by Chinese state television On May 23, China Central Television (CCTV), the country’s government-owned broadcasting corporation, aired a short, 98-second segment regarding the adoption of cryptocurrencies in Hong Kong. During the session, state news anchors briefed its audience on how Hong Kong regulators “have made final preparations” for the trading of
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In this article ULTA COST WDAY GPS RH MRVL Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in after-hour trading. Gap — Shares surged 15% in the postmarket following the retailer’s earnings report, which
Couples Therapy, Orna Guralnik Source: Showtime When I was growing up, my father used to repeat a saying he’d heard as a child from his grandmother: “When money doesn’t come through the door, love goes out the window.” That proverb appears to date back to a 19th century painting by the English artist George Frederick
Municipals were weaker in the belly of the curve Thursday while U.S. Treasury yields sold off on the short end on Fed speak and continued concerns over the debt ceiling impasse. Equities were mixed near the close. Despite the rally in tech stocks, USTs and munis are reacting to uneven economic data and a potential
Chicago Mayor Brandon Johnson won’t say yet whether he intends to leave in place his predecessor’s executive order earmarking a budget surplus for future supplemental pension contributions. He also hasn’t committed to which of the tax proposals he advocated the campaign that brought him to the mayor’s office this month he will pursue first.
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California lawmakers are betting voters have had a change of heart regarding the need for a statewide school bond measure. The state Senate approved on Wednesday a $15.5 billion school construction bond measure that would go before voters in March that is similar to the $15 billion Proposition 13, a failed school bond measure that
The Financial Industry Regulatory Authority has fined Little Rock, Arkansas-based Crews and Associates $50,000 and its former head trader and chief executive Rush F. Harding $30,000 for their roles in selling municipal bonds with markups to an affiliated bank, with Harding having violated MSRB Rule G-18 on best execution and Rule G-17 on conduct and
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
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
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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
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
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 chief executive of Nvidia, the world’s most valuable semiconductor company, has warned that the US tech industry is at risk of “enormous damage” from the escalating battle over chips between Washington and Beijing. Speaking to the Financial Times, Jensen Huang said US export controls introduced by the Biden administration to slow Chinese semiconductor manufacturing
A restructuring plan for bankrupt Bitcoin (BTC) miner Core Scientific could be finalized by September and it expects to exit proceedings with an additional $46 million due to recent favorable market conditions. In a May 22 filing in a Texas Bankruptcy Court, Core Scientific’s lawyers said its liquidity position has improved considerably since it filed
Ethereum’s native Ether (ETH) token may be both a commodity and a security, the former commissioner of the United States Commodities Futures Trading Commission has claimed. Speaking on a May 23 episode of Laura Shin’s Unchained podcast, Dan Berkovitz, who is also the former general counsel at the Securities and Exchange Commission, said that it’s
A major activist investor is betting stalled return-to-office plans will stir up more trouble in commercial real estate. Land and Buildings’ Jonathan Litt has been shorting REITs with high office space exposure for three years, and he has no plans to shift gears. “If you have no rent growth and your vacancies are going up
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