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Binance Counters ‘Wrong Narratives’ About FTX — CZ Calls SBF ‘One of the Greatest Fraudsters in History’
The CEO of crypto exchange Binance, Changpeng Zhao (CZ), has countered several “wrong narratives” about the collapsed crypto exchange FTX and its co-founder Sam Bankman-Fried (SBF). The Binance boss calls SBF “a master manipulator” and “one of the greatest fraudsters in history.” Binance’s CEO on ‘Wrong Narratives’ About FTX and Sam Bankman-Fried The CEO of…
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Fargo-Moorhead flood risk management P3 wins Deal of the Year
The public-private partnership between Red River Valley Alliance and the Metro Flood Diversion Authority won The Bond Buyer’s 21st annual Deal of the Year award for its bonds issued through the Public Finance Authority to reduce local flooding risk. The issuance, which was the Deal of the Year in the P3 category, was one component…
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Jamie Dimon says Ukraine war shows we still need cheap, secure energy from oil and gas
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images One key lesson of the past year is that the world is not ready to move away from oil and gas as the dominant…
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Stocks making the biggest moves after hours: MongoDB, Toll Brothers, Dave & Buster’s and more
In this article TOL SFIX SBNY PLAY MDB Follow your favorite stocksCREATE FREE ACCOUNT Cinder blocks sit in a pile near homes under construction at the Toll Brothers Inc. Jupiter Country Club housing development in Jupiter, Florida. Mark Elias | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. MongoDB —…
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3 reasons why Ethereum price keeps rejecting at the $1,300 level
Ether (ETH) rallied 11.3% between Nov. 28 and Dec. 5, peaking at $1,300 before facing a 4.6% rejection. The $1,300 resistance level has been holding ground for twenty-six days and is the most likely explanation for the correction to $1,240 on Dec. 6. Ether/USD price index, 12-hour. Source: TradingView So from one side, traders are…
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Renting Is Usually Cheaper Than Owning, But Not Always
A new study by LendingTree found that renting is usually cheaper than owning a home, but not always. To look at how the cost of renting a home differs from owning one, the online loan marketplace analyzed Census Bureau data to compare monthly rental and housing payments for homes with and without mortgages in the…
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The easiest way to travel full time? See what a 28-year-old paid for an apartment on a cruise ship
Austin Wells loves to travel the world. But he doesn’t like long flights, jet lag or an unsettled routine. And that’s why, Wells, who is 28 and lives in San Diego, leased a residence on board a luxury boat that he will move into — and work remotely from — for at least three years…
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California’s Newsom unveils proposed ‘price gouging’ penalty on oil companies
In an effort to combat “oil companies’ excess profits,” Gov. Gavin Newsom proposed a “price gouging” penalty. Lawmakers began discussion of the proposal on Monday, the first day of a special session convened by Newsom. Given the upcoming holidays, lawmakers are not expected to debate the merits of the proposal at length until January when…
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Brent crude oil falls below $80 for first time since January
US stocks slid and the price of Brent crude touched its lowest level since January after a round of strong economic data revived concerns that the Federal Reserve will rapidly lift borrowing costs to tame inflation. The benchmark S&P 500 was down 1.2 per cent and the tech-heavy Nasdaq Composite fell 1.5 per cent in…
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Silvergate CEO calls out ‘short sellers’ spreading misinformation
Silvergate Capital CEO Alan Lane has slammed “short sellers” and “other opportunists” for spreading misinformation over the last few weeks — just to score themselves a quick buck. In a Dec. 5 public letter, Lane said there was “plenty of speculation – and misinformation” being spread by these parties to “capitalize on market uncertainty” caused…
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American Dream mall draws on reserves again to meet debt obligations
For the second time this year, the trustee of bonds issued for the American Dream Mall in New Jersey drew down a reserve account to make a debt payment on $800 million of tax-exempt municipal bonds. Trustee U.S. Bank said in a notice to bondholders posted on the Municipal Securities Rulemaking Board’s EMMA bond disclosure…
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U.S.-listed Chinese stocks give up earlier gains as investor digest reopening shift
In this article 9868-HK 9866-HK BABA PDD 1698-HK Follow your favorite stocksCREATE FREE ACCOUNT Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Shares of Chinese companies listed in the U.S. erased earlier gains Monday after China loosened more Covid restrictions to accelerate the reopening of the economy. The Invesco Golden Dragon China ETF, which…
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Stocks making the biggest moves after hours: GitLab, Herbalife and more
In this article HLF GTLB SUMO Follow your favorite stocksCREATE FREE ACCOUNT People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq Check out the companies making headlines in post-market trading. GitLab – The development software operator jumped 23% after it posted a narrower per-share loss than expected while also coming in…
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Price analysis 12/5: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
It’s the final month of the year and analysts are out with their projections for the next year. In a note to investors, Standard Chartered suggested that “The financial-market surprises of 2023” will include Bitcoin (BTC) price diving to $5,000 at some point in the year. The fall will be triggered by a liquidity crunch, which…
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Former Mark Wahlberg Estate Featured In “Entourage” Lists For $28.5 Million
A sprawling Beverly Hills compound that once belonged to actor Mark Wahlberg and was featured in the HBO series “Entourage” is on the market at a substantially reduced asking price of $28.5 million, according to TopTenRealEstateDeals.com. Spanning 1.7 acres of grounds, the gated estate features 13,000 square feet of living space and 1,000 square feet…
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Germany’s housing market is facing a serious downturn in prices, analysts say
The German housing market has been remarkably strong in the last couple of decades, but it faces a serious price correction in the next couple of years, according to some analysts. Tim Graham / Contributor / Getty Images The German housing market has been remarkably strong for decades, but it faces a serious downturn in…
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Missing sentence on bond measure stalls Salem, Oregon, infrastructure projects
Salem, Oregon, officials plan to ask a judge to validate an infrastructure bond measure approved by voters in November’s election, that is in limbo because an essential paragraph explaining how bonds would be repaid was left off the ballot measure. City leaders revealed Thursday that the sentence required by statute was missing from the ballot…
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Oil tanker jam forms off Turkey after start of Russian oil cap
A traffic jam of oil tankers has built up in Turkish waters after western powers launched a “price cap” targeting Russian oil and as authorities in Ankara demanded insurers promise that any vessels navigating its straits were fully covered. Under EU sanctions which came into effect on Monday, tankers loading Russian crude oil are barred…
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Bitcoin price consolidation could give way to gains in TON, APE, TWT and AAVE
The United States equities markets shrugged off the hotter-than-expected labor data on Dec. 2 and recovered sharply from their intraday low. This suggests that market observers believe the Federal Reserve may not change its stance of slowing the pace of rate hikes because of the latest jobs data. Although the FTX crisis broke the positive…
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Judge slams Oklahoma Turnpike Authority for Open Meeting Act violations
The Oklahoma Turnpike Authority willfully violated the state’s Open Meeting Act when it failed to disclose a $5 billion, bond-financed extension plan on meeting agendas earlier this year, according to the first major ruling in litigation seeking to derail the project. Cleveland County District Court Judge Timothy Olsen ruled Thursday that OTA agendas for January…
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