After the tough sell-off seen in the past week, the cryptocurrency markets will be looking for some support from the macroeconomic data this week. The all-important United States consumer price index report on June 13 will be followed up by the Federal Reserve’s policy decision on June 14. Both these events could trigger a sharp
Just as we don’t allow just anyone to build a plane and fly passengers around, or design and release medicines, why should we allow AI models to be released into the wild without proper testing and licensing? That’s been the argument from an increasing number of experts and politicians in recent weeks. With the United Kingdom
EU funds managed by Odey Asset Management are discussing restrictions on investors’ withdrawals as part of emergency measures to contain the fallout of sexual misconduct allegations against the hedge fund manager’s founder. It comes as the firm announced a series of management changes to funds run by Crispin Odey ahead of the market opening on
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With the rapid evolution and increasing adoption of cryptocurrencies, the need for regulatory clarity has become paramount. U.S. Senator Cynthia Lummis has said that her efforts to push for a positive regulatory framework are still in motion. Senator Lummis garnered praise from the crypto community on Twitter as she shared her commitment to developing a
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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,
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 the 2018 home
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
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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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
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
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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
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
The Massachusetts Bay Transportation Authority approved a $2.72 billion fiscal year 2024 budget that features $174 million in new spending amid declining revenues and expectations of a budget shortfall. The MBTA executive board voted unanimously on Thursday to approve the plan and a 7% bump in year-over-year spending amid predictions for a 10% dip in
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
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