Russia assets sold off on Thursday after reports that US president Joe Biden was set to announce a fresh round of sanctions against Moscow, potentially targeting the country’s sovereign debt. Washington is set to unveil the new measures, the first against Russia from the Biden administration, to punish Moscow for alleged meddling in US elections
The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC. SEC Has a New Chairman President Joe Biden’s pick to lead the U.S. Securities
Statehood for the District of Columbia faces a Republican roadblock in the Senate that one Democratic congressman suggests could be broken by pairing it with statehood for Puerto Rico. Democratic Rep. Jamie Raskin of Maryland said at a House hearing Wednesday that the nation has a long political history of pairing new states. The Republican
Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Sir Richard Branson, the founder
Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images The Senate is likely to confirm Gary Gensler as the new chairman of the Securities and Exchange Commission either Wednesday or later this week, and crypto assets — including bitcoin — are likely high on his agenda.
In this article COST DELL COIN AEO Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell on Wednesday: American Eagle — The teen apparel retailer’s stock rose
Is “deal or no deal” a popular refrain from a successful game show or is it the voice of real estate investors who are growing concerned about the potential repeal of Section 1031 of the Internal Revenue Code? A recent read of the Biden/Harris tax plan reveals a $4 trillion tax hike, and one
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images It was a mixed week for rates, which started high and then fell slightly, but the damage was done early. Total mortgage application volume decreased 3.7% for the week, according
The source code for the upcoming Polkadot Index Network Token, or PINT, has been made public, with half a dozen projects putting their hand up to be included in the index. The project has outlined a four-phase roadmap that it expects to culminate in mainnet launch within three months. According to an April 14 announcement,
Municipals firmed across the yield curve after a strongly bid deal from gilt-edge Delaware and active secondary activity moved levels lower by two to four basis points while nearly $2 billion more inflows were reported into municipal bond mutual funds. The Investment Company Institute Wednesday reported another week of inflows with $1.995 billion coming into
Stock market investors valued Coinbase at $75.9bn in its debut on Nasdaq on Wednesday, the first listing of a major cryptocurrency exchange and a moment of validation for the digital asset class some 12 years after the creation of bitcoin. Shares opened at $381 each on Wednesday, giving Coinbase a market capitalisation that immediately surpassed
Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company’s shares list on Nasdaq today. In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees. As previously reported, nearly 96% of Coinbase’s entire revenue in 2020 was generated from transaction fees
Former National Association of State Treasurers President David Damschen is resigning as Utah State treasurer at the end of the month. Damschen is leaving office to become the president and CEO of the Utah Housing Corp. Damschen told The Salt Lake Tribune on Monday that he is “excited I can focus on helping to find
In this article ARKK Ark Invest’s Cathie Wood said digital wallets and genomics are the next two biggest disruptive trends after Tesla and electric vehicles. “We’re very excited about digital wallets,” Wood said on CNBC’s “The News with Shepard Smith” on Tuesday. “We really think that these digital wallets and two-sided market places, merchants and
In this article DISCA FOLD ENDP SFIX TEAM Source: Stitch Fix Check out the companies making headlines after the bell on Tuesday: Atlassian — Shares of the Australian software company ticked up 1% on revised revenue guidance for the fiscal third quarter. Atlassian now expects revenue between $566 million and $572 million. Analysts polled by
There’s more executive turmoil swirling at Better.com, one of the mortgage industry’s hottest new startups, and it’s hitting just days after reports that SoftBank is investing $500 million of new funding that values the business at $6 billion. Elana Knoller, Better’s chief product officer, has been placed on administrative leave following allegations of bullying and
Rick Nazarro of Colonial Manor Realty talks with a pair of interested buyers in the driveway as a couple waits to enter a property he is trying to sell during a “controlled” open house on May 2, 2020 in Revere, MA. Blake Nissen | Boston Globe | Getty Images The housing market has been white
The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this “success” takes place in the face of Ether (ETH) being in a bottleneck regarding high fees, network congestion and a tense situation with miners. With decentralized finance (DeFi) applications taking center stage and
Akron, Ohio-based Summa Health enters the market Wednesday to raise funds to help pay for a behavioral health facility and repay a bridge loan that ended its partnership with HealthSpan Partners. Both are part of the system’s strategic plans that were revised after a merger with Michigan-based Beaumont Health was nixed last May. Ahead of
US health agencies have called for a pause of the rollout of the Johnson & Johnson vaccine as they investigate several incidents of blood clots. In a joint statement on Tuesday, the Centers for Disease Control and Prevention and the Food and Drug Administration said they were reviewing six reported US cases of “rare and