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Bahamian securities regulator ordered the transfer of FTX’s digital assets
The Securities Commission of The Bahamas (SCB) said it had ordered the transfer of all digital assets of FTX Digital Markets (FDM) to a digital wallet owned by the commission on Nov. 12. In a Nov. 17 statement, the SCB said it exercised its power as a regulator acting under the authority of a Supreme…
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Award-Winning Los Angeles Masterpiece Hits The Market For $13 Million
When famed fashion designer Randolph Duke moved to Los Angeles in the early aughts, he was smitten by a house in the Hollywood Hills. Actually, it was not the house he fell for, but rather the house’s location on a promontory that provides breathtaking views of the city’s downtown, the surrounding hills and the Pacific…
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Rent growth slows to the lowest level in 18 months
A “Now Leasing” sign is displayed in front of an apartment complex in Washington, DC, on January 24, 2022. Stefani Reynolds | AFP | Getty Images The red-hot rental market is finally starting to cool off along with the rest of housing. Rents are still higher than they were a year ago, but the gains…
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Mutual funds see inflows for first time in 14 weeks
Municipals improved again Thursday pushing the 10-year triple-A yield firmly below 3% while inflows into municipal bond mutual funds returned after 14 consecutive weeks of outflows. U.S. Treasuries saw losses and equities ended down after Federal Reserve officials tempered expectations of a slowdown in rate hikes. Triple-A yields fell by three to six basis points,…
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Brean Capital LLC broadens its muni platform
Three municipal bond veterans with a combined experience of over 90 years are joining the ranks of independent investment bank Brean Capital LLC. William “Bill” Mangan, Greg Swanson, and John Paskalides, who have extensive industry knowledge and experience, will serve as managing directors in the fixed income division and will lead an expansion of the…
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Hunt unveils £55bn fiscal squeeze as UK economic outlook darkens
Jeremy Hunt, chancellor, confronted the fiscal “storm” battering Britain on Thursday, announcing £55bn of tax rises and spending cuts intended to restore the country’s reputation and shore up its frail balance sheet. Two months after Kwasi Kwarteng, Hunt’s predecessor, sparked market panic with a “mini” Budget that included £45bn of unfunded tax cuts, the chancellor’s…
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Bahamian liquidators reject validity of FTX’s US bankruptcy filing
Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in The Bahamas, has called into question the validity of a Chapter 11 bankruptcy filing by subsidiary FTX Trading and 134 other affiliates in a Delaware court on Nov. 14. In the Nov. 15 document, Simms filed for Chapter 15 Bankruptcy…
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Charlie Munger calls the success of Elon Musk’s Tesla a ‘minor miracle’ in the car business
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Berkshire Hathaway Vice Chairman Charlie Munger spoke highly of Elon Musk’s electric vehicle company, Tesla, calling it an amazing feat in the American auto industry. “I was certainly surprised that Tesla did as well as it did,” Munger said in an interview with CNBC’s Becky Quick that…
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Stocks making the biggest moves after hours: Cisco, Bath & Body Works, Nvidia and more
In this article NVDA SONO BBWI CSCO Follow your favorite stocksCREATE FREE ACCOUNT A runner jogs past Cisco Systems headquarters in San Jose, California, U.S., on Monday, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hour trading. Cisco – Shares jumped 4.8% after the maker…
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Forget Black Friday: The Best Day For Home Price Cuts Is Thursday
The stress of home buying can be all-consuming, but it doesn’t have to be. With the holiday season in full swing, home buyers looking for a Black Friday deal might want to shop on Thursdays. That’s the day of the week when sellers are most likely to slash their list price, according to new research…
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See which states have suffered the most major weather disasters since 2011
Ninety percent of counties across the U.S. have experienced a flood, wildfire, hurricane or other federally declared climate disaster between 2011 and 2021, according to a report published Wednesday that calls for urgent investment in climate adaptation and hazard mitigation. During that same period, 29 states on average endured at least one federally declared disaster, according…
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Munis rally in constructive trading, outperform UST
Municipals rallied across the yield curve Wednesday, outperforming U.S. Treasuries and seeing the greatest gains out long after stronger retail sales data signaled the Fed’s tightening is not yet over, pushing equities into the red. Retail sales increased 1.3% in October, slightly above the consensus forecast of 1.0% and a significant improvement from the flat…
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Fitch upgrades Morgan Stanley-backed municipal prepaid gas bonds
Fitch Ratings has upgraded seven series of prepaid municipal energy transactions from four issuers, actions that follow the agency’s upgrade of Morgan Stanley, the guarantor to the gas supplier in all of the transactions. Fitch lifted Morgan Stanley’s issuer default rating to A-plus from A Nov. 4, revising the outlook to stable at the higher…
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UK inflation accelerates to 41-year high of 11.1%
The UK’s rate of inflation hit a fresh 41-year high in October, accelerating to 11.1 per cent on the back of rising energy and food prices. The Office for National Statistics said the rate rose from 10.1 per cent in September, putting inflation at its highest level since October 1981. Economists polled by Reuters had…
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Why is the crypto market up today?
The crypto market is up today and Bitcoin (BTC) price jumped up 3.1% on Nov. 15 reaching $17,171, as confidence briefly returns to the global macro outlook with a lower-than-expected producer price index (PPI) print and a cooling U.S. dollar. Crypto and equities markets responded to PPI data which showed wholesale prices rose 0.2% for…
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US Lawmaker Urges SEC to ‘Take Decisive Action’ to Regulate Crypto Industry — Plans to Examine Options for Federal Legislation
U.S. Congressman Brad Sherman has called on the Securities and Exchange Commission (SEC) to “take decisive action to put an end to the regulatory gray area in which the crypto industry has operated.” He added that he plans to work with his colleagues in Congress in the coming weeks “to examine options for federal legislation.”…
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Op-ed: Opportunities await investors in the tech sector. Here is a corner that’s ripe for growth
Traders on the floor of the NYSE, Sept. 14, 2022. Source: NYSE As we see valuations soften in many parts of the market today, it can feel like an uncertain time for investors, especially in technology. However, on close examination, investing specifically in enterprise software will continue to be one of the best uses of…
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Stocks making the biggest moves after hours: Carnival, Advance Auto Parts and more
In an aerial view, the Carnival Miracle cruise ship operated by Carnival Cruise Lines sits docked at Pier 27 on September 30, 2022 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Carnival — Shares of the cruise line plummeted more than 13% in extended trading…
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FTX debacle sees Nansen take stock of major exchange on-chain holdings
The collapse of cryptocurrency exchange FTX has put industry peers under the microscope with calls for transparent accounts of token holdings and assets under management. Major cryptocurrency exchanges like Binance, Huobi, OKX and Crypto.com have made efforts to share details of their assets and portfolios to assuage the wider space. This comes after investor confidence…
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Steve McQueen’s Former Beachside Malibu Mansion Is On The Market For $17 Million
The Malibu, California estate once owned by the late actor Steve McQueen is on the market for $17 million. He was a beloved performer for Baby Boomers and one of the highest-paid actors in the world in the 1970s. McQueen was the epitome of cool, both in real life and his movies, including The Thomas…
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