A recent court decision will provide nothing more than a temporary boost to the U.S. Virgin Islands, Moody’s Investors Service said. The United States Court of Appeals for the First Circuit determined in mid-April the government wasn’t responsible for $43 million in interest and fees, after a lower court ruled the USVI had topay over
The two heads of Credit Suisse’s prime brokerage business are to leave just weeks after the bank reported at least $4.7bn of losses related to the family office Archegos Capital. John Dabbs and Ryan Nelson have stepped down from leading the unit, which offers specialised services to hedge funds, according to a staff memo seen
Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African customers in 2020, also reveals that “around 65% of Luno’s
With a gas tax seemingly off the table in President Biden’s plan to pass an infrastructure bill, lawmakers and transportation advocates are looking to vehicle miles traveled fees. This comes as Senate Republicans begin to draft their own infrastructure bill, that comes in much smaller than President Biden’s $2 trillion proposal. Republicans’ $600 billion to
SpaceX CEO Elon Musk raises his arms in celebration beneath a Starship rocket prototype under construction in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk’s SpaceX beat out teams led by Jeff Bezos’ Blue Origin and Leidos subsidiary Dynetics to win a nearly $3 billion contract to build NASA’s next crewed lunar lander, The
Aaron Newsom, left, an installer for the solar company, Sunrun, and Tim McKibben, a senior installer, prepare solar panels to be installed on the roof of a home in Granada Hills. Mel Melcon | Los Angeles Times | Getty Images Check out the companies making headlines before the bell: Morgan Stanley (MS) — Morgan Stanley
As recently as just a few years ago, it used to be that the hardest part about buying a house for most people was going through the financial colonoscopy of getting approved for a mortgage. Now, that’s the least of buyers’ worries. In virtually every American city right now, many single-family homes hitting the
Matthew Turner (on the right) and his husband, Gerard. Photo: Matthew Turner Since Matthew Turner was laid off in October, he estimates he’s applied to close to 600 jobs, with no luck. Nearly as difficult has been his hunt for rental assistance. Turner’s contacted many local organizations in North Carolina where he lives, but has
The cryptocurrency markets experienced a monumental green wave this week. Bitcoin and Ether calmly made new all-time highs on the back of Coinbase’s direct listing and the Berlin hard fork. Meanwhile, meme-cryptocurrency Dogecoin blasted off to more than 400% gains, briefly claiming a spot as a top 5 cryptocurrency by market capitalization. Despite the media
The U.S. central bank should continue to maintain monetary stimulus even as the U.S. economy is starting to experience rapid growth, said Federal Reserve Gov. Christopher Waller. “Just because the growth rates are really good and everything’s looking like we’re heading out in the right direction, we’re still trying to make up a lot of
Consumers around the world have stockpiled an extra $5.4tn of savings since the coronavirus pandemic began and are becoming increasingly confident about the economic outlook, paving the way for a strong rebound in spending as businesses reopen. Households around the globe accumulated the excess — defined as the additional savings compared with the 2019 spending
In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to its systems. The firm’s United
Indiana expects about a $2.4 billion bounce in revenue through 2023, joining the parade of states with healthier-than-expected revenue projections, which along with new COVID-19 pandemic-related federal relief is fueling debate on spending priorities. Indiana raised its current year, fiscal 2021 general fund tax revenue projection by 2.6%, or $463 million to about $18.2 billion
Friends spending the weekend in the shopping mall martin-dm | E+ | Getty Images Company: Genesco Inc. (GCO) Business: Genesco is a retailer and wholesaler of branded footwear, apparel and accessories that operates through four business segments: (i) Journeys Group, comprised of retail footwear chains and e-commerce operations; (ii) Schuh Group, which includes the Schuh
In this article RUN SPG PNC Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sunrun — The solar stock popped 10% after Simmons Energy, a division of Piper Sandler, upgraded the stock to overweight
There may not be gold under the floorboards, but it’s not a stretch to say this Montana retreat has a bit of copper in its bones. The log cabin-style home overlooking Bigfork’s Swan Lake was built in the early 1900s as a summer retreat for the four daughters of industrialist Cornelius ‘Con’ Kelley. During the
LeSean McCoy (25) of the Buccaneers runs the ball during the regular season game between the Minnesota Vikings and the Tampa Bay Buccaneers on December 13, 2020 at Raymond James Stadium in Tampa, Florida. Cliff Welch | Icon Sportswire | Getty Images National Football League running back LeSean McCoy admitted he had no clue how
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Coinbase gets off to a rocky start as it lists
Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides
Municipals were firmer in spots in secondary trading but benchmark curves mostly held steady after a strong week that moved yields by as much as 10 basis points lower. U.S. Treasury weakness early Friday morning hit the breaks for munis, which will see an elevated bond volume next week with some marquee names that may