Puerto Rico bankruptcy Judge Laura Taylor Swain said she would approve a three-pronged approach to advancing the more than five-year-old Puerto Rico Electric Power Authority bankruptcy with a plan confirmation due by June 2023. Swain said there should be litigation on two key issues, the development of a plan of adjustment with several versions, and
The assets of crypto brokerage firm Voyager Digital would face a drastically different fate if FTX did not win the bid, claimed a spokesperson of Wave Financial while speaking to Cointelegraph. The spokesperson argued that better bids were on the table, but they “were passed over for strictly cash offers.” Wave, an SEC-registered digital asset
The S&P 500 fell for six days in a row and made a new year-to-date low on Sept. 27, but Bitcoin (BTC) maintained its outperformance and stayed well above its June low. This could be a positive sign because markets that show strength on the way down are the ones that outperform in the event
Meredith Hathorn will be taking over for Patrick Brett as chair of the Municipal Securities Rulemaking Board Oct. 1, bringing her nearly forty years of public finance experience to the role. “What I really want to do is highlight the value of being an SRO (self-regulatory organization), and continuing to earn the public trust,” said
A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies making headlines in midday trading. Apple — Apple shares fell 3.4% on Wednesday following a report that the company is ditching plans to boost new iPhone production. Instead of aiming to increase output by 6 million units in the second half
Dan Ivascyn, PIMCO, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC The U.S. is likely headed toward a recession but there’s a chance for the downturn to be comparatively mild due to strong underlying fundamentals, according to Pimco bond expert Dan Ivascyn. In remarks echoed by other speakers Wednesday at CNBC’s Delivering
Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Wall Street has a texting problem and the SEC is not happy. Last night the SEC announced charges
Pantera CEO Dan Morehead highlighted the potential growth and value of Decentralized Finance (DeFi), Web3 functionality, nonfungible tokens (NFTs) and Metaverse applications in his opening keynote speech at Token2049 in Singapore. Thousands of attendees converged on Wednesday at the Marina Bay Sands Convention Center for the start of the two-day conference which features prominent speakers
Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized finance (defi) Tuesday during a panel discussion on digital finance hosted
The IMF has launched a biting attack on the UK’s plan to implement £45bn of debt-funded tax cuts, urging the government to “re-evaluate” the plan and warning that the “untargeted” package threatens to stoke soaring inflation. The multilateral lender said it was “closely monitoring” developments in the UK and was “engaged with the authorities” after
You’ll learn how large of a position should you hold if you trade penny stocks. A lot of people get into trading penny stocks, but they don’t understand that they can’t trade full accounts. You need to know how to trade penny stocks in the right way. And that’s what I want to show you
Indian stocks and the rupee have surged this month, we discuss why and what lies ahead. IShares MSCI India ETF: https://www.zacks.com/funds/etf/INDA/profile?cid=CS-YOUTUBE-FT-VID WisdomTree India Earnings Fund: https://www.zacks.com/funds/etf/EPI/profile?cid=CS-YOUTUBE-FT-VID IShares MSCI India Small-Cap ETF: https://www.zacks.com/funds/etf/SMIN/profile?cid=CS-YOUTUBE-FT-VID Infosys Limited: https://www.zacks.com/stock/quote/INFY?cid=CS-YOUTUBE-FT-VID Container Store: https://www.zacks.com/stock/quote/TCS?cid=CS-YOUTUBE-FT-VID ICICI Bank Limited: https://www.zacks.com/stock/quote/IBN?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on
When there are thousands and thousands of shares to invest in, it can be daunting as a beginner investor to know even where to begin. This video looks at some ideas of how to start compiling a long list of companies for deeper consideration. In part 2 next time we will look at how to
Guido Cannetti, an Argentinian Ultimate Fighting Championship (UFC) fighter, is now the first martial arts athlete in the country to receive 100% of his salary in stablecoins amid rising inflation and Argentina’s economic deterioration, announced the crypto payroll company Bitwage on Monday. Dubbed El Ninja, he returns to the Octagon on Oct. 1 in the United
Under the oversight of a state review board, the troubled finances of West Haven, Connecticut, are moving in the right direction, according to Moody’s Investors Service, which last week affirmed the city’s Baa3 general obligation bond rating after a two-month review. Financial mismanagement and federal corruption charges have dogged the New Haven suburb, which is
A federal judge last week struck down Rhode Island’s first-of-its-kind trucks-only tolling program, notching a win for the interstate transportation industry that had sued the state over the law. The state has 30 days to appeal. Opponents said the Sept. 21 ruling will send a message to other states considering similar tolling programs to
Topline New home sales unexpectedly surged much more than economists projected in August even though same-day data showed prices collapsing due to a dearth in demand—fueling volatility that some experts argue could signal that the housing market slowdown could hike up the odds of a recession. Key Facts About 685,000 new single-family houses were sold
Interoperability-focused blockchain network Cosmos has dropped a new whitepaper proposing a revamped Cosmos Hub aimed at strengthening interoperability and security, along with key changes to its native ATOM token. The new Cosmos whitepaper was released on Monday at the Cosmoverse conference in Medellin, Colombia. The upgrades outlined in the whitepaper are still technically in “proposal”
** Note this video is intended for educational purposes and to make you aware of what can be happening in the stock market and on YouTube so that way you don’t blindly purchase stocks based on recommendations or what other people say they will “buy” or are “looking at” ** In this video I have
Tracey Ryniec and Sheraz Mian look at an apparel giant and a regional bank. Comerica: https://www.zacks.com/stock/quote/CMA?cid=CS-YOUTUBE-FT-VID PVH Corp: https://www.zacks.com/stock/quote/PVH?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch