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US senator calls on SEC’s Gensler to answer for ‘regulatory failures’
Minnesota Senator Tom Emmer has slammed United States Securities Exchange Commission (SEC) Chairman Gary Gensler for his flawed “crypto information-gathering efforts” and insisted Gensler should appear before Congress to explain the cost of his “regulatory failures.” Emmer’s comments came from a Dec. 10 tweet to his 67,500 Twitter followers, where he made reference to a…
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A Rather Grand Bit Of The Shire Lists In New Zealand’s Wairarapa District
After 15 years, one of New Zealand’s most significant properties has been priced for market at $5.2 million―the grand estate’s otherworldly gardens blushed with myth. Its substantial lake was the set piece for a doomed hobbit who found a golden ring buried on its murky bottom for two and half millennia. New Zealand film director…
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Americans are flocking to wildfire country
Over the last decade, there was an influx of Americans into regions where climate change is making wildfires and extreme heat more common, according to an analysis of multiple data sets done at the University of Vermont (UVM). Broadly speaking, Americans migrated to the cities and suburbs in the Pacific Northwest, parts of the Southwest…
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Moody’s downgrades California hospital’s revenue bonds
A central valley California not-for-profit hospital had $218 million of revenue bonds downgraded to junk by Moody’s Investors Service after a really bad third quarter. Kaweah Delta Health Care District had its revenue bond rating downgraded to Ba1 from A3; and the district’s overall rating has been placed under review for downgrade, Moody’s said. The…
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European parliament shaken by Qatar corruption scandal
The European parliament is at the centre of a spreading corruption scandal after Belgian police seized €600,000 in cash and detained two MEPs as part of an international investigation into claims that football World Cup host Qatar sought to buy influence. A Belgian judge charged four unnamed people on Sunday with “participation in a criminal…
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Goldman Sachs buying crypto firms, FTX news, 3AC and Celsius updates: Hodler’s Digest Dec. 4-10
Top Stories This Week 7 class action lawsuits have been filed against SBF so far, records show Former FTX CEO Sam Bankman-Fried has been named in seven class action lawsuits filed since the fall of his crypto empire. These lawsuits, however, are separate from the numerous probes and investigations examining the crypto exchange and its…
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Weaker tone on front end ahead of FOMC, but technicals strong heading into yearend
Municipals were weaker on the short end Friday ahead of a smaller new-issue calendar made up largely of a Pennsylvania public-private partnership deal. U.S. Treasuries saw losses along the curve and equities ended the week in the red as markets digested more mixed economic data ahead of the Federal Open Market Committee meeting next week…
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Hestia Capital could be preparing to shake up the board at Pitney Bowes
In this article PBI Follow your favorite stocksCREATE FREE ACCOUNT Alistair Berg | Digitalvision | Getty Images Company: Pitney Bowes (PBI) Business: Pitney Bowes is a global shipping and mailing company that provides technology, logistics, and financial services to businesses, including more than 90% of the Fortune 500, retailers and government clients around the world.…
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Stocks making the biggest moves premarket: Lululemon, Costco, Broadcom and others
In this article NFLX AVGO COST LULU Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Lululemon (LULU) – Lululemon slid 7.1% in the premarket after the athletic apparel maker issued a weaker-than-expected outlook. Lululemon reported better-than-expected profit and revenue for its latest quarter, but it saw a smaller-than-expected…
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Indoor-Outdoor Home Captures The Best Of California Coastal Living
Ocean views, beaches and big waves are enduring attractions. The coastal Southern California city of Newport Beach benefits from its bordering resource with a harbor, surfing and two piers. Not surprisingly, the upscale community also has its share of boutiques, fine dining restaurants and highly sought-after housing. Views of the water and the horizon are…
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Heat pumps are an energy upgrade for homeowners that’s becoming a climate and financial winner
Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images Thinking about a home heat pump? New and expanded government incentives, coupled with sharply rising utility costs, make it more compelling. Especially when…
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New York State rushing toward casino decision as deficit looms
New York state is expected to issue three downstate casino licenses in the first half of 2023, with the facilities operating two years after, bringing a financial boon to the state and the winners. Already, the state has seen more than $500 million of revenue through early November from online gambling, which made its debut…
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Blackstone may slow launch of PE fund after investor withdrawals
Blackstone has warned of the risk of delays to the launch of a new private equity fund designed for wealthy individuals, as it copes with heavy investor withdrawals at two other funds in real estate and credit aimed at a similar clientele. The New York-based investment manager has been preparing to open a fund called…
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Ethereum and Litecoin make a move while Bitcoin price searches for firmer footing
Crypto price action has been rough over the past few months, but a few green shoots are finally beginning to emerge. While Bitcoin (BTC) remains in a downtrend, its price has recently found support at the $17,000 level, and ping-pong price action in the $16,700–$17,300 range appears to be allowing traders to pursue some interesting…
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European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized
The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert stronger oversight on crypto transactions of over 1,000 euros ($1,055). European Union…
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Toomey-Warren bill would require more Fed accountability
Two influential members of the Senate Banking Committee introduced legislation Friday that would subject the Federal Reserve System to greater transparency requirements. The bill from Sens. Pat Toomey, R-Pa., and Elizabeth Warren, D-Mass., would classify the Fed’s 12 regional reserve banks as federal agencies under the Freedom of Information Act and the Federal Records Act. …
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Stocks making the biggest moves midday: Netflix, Lululemon, DocuSign and more
In this article BBWI COST DOCU NFLX CVNA TSLA BYND LULU Follow your favorite stocksCREATE FREE ACCOUNT SOPA Images | Lightrocket | Getty Images Check out the companies making the biggest moves midday: Lululemon — Shares of Lululemon fell 12.85% after the athletic apparel company gave a weaker-than-expected fourth-quarter outlook. In the third quarter, the…
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US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States regulators want to take a closer look at money laundering and terror financing laws by the Financial Crimes Enforcement Network (FinCEN), as it asked banking sector…
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7 Bathroom Design Trends Going Away In 2023
The bathroom is one of the most important rooms in the home. Not only is it a sanctuary, but it’s also a space where the right design choice can add value. 2022 was a unique year for bathroom trends because it didn’t appear that there was anything majorly new, innovative, or must-have. Rather, homeowners were…
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These are the best 10 metro areas for first-time home buyers — and how to make it more affordable no matter where you’re buying
The Central Business District of Pittsburgh J. Altdorfer Photography | Getty Images After bidding wars during the pandemic, demand for home purchases has fallen amid higher mortgage interest rates. That dynamic has made some markets are more attractive for first-time home buyers for 2023, according to a Zillow report released this week. The real estate…
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