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Report: Paypal HK Halts Hong Kong Pro-Democracy Group’s Payments Over ‘Excessive Risks’
According to a report from a pro-democracy group in Hong Kong, Paypal HK has reportedly stopped processing payments for the League of Social Democrats (LSD). The pro-democracy group said that they were “stunned” to hear the news, and they now have “one less way [to collect donations].” Paypal Reportedly Stops Servicing Hong Kong’s League of…
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PREPA agreement leaves local government with moderate power
An agreement among the Puerto Rico Oversight Board and the local government in the Puerto Rico Electric Power Authority bankruptcy leaves the latter with moderate power in the bankruptcy process, observers say. The board, the Puerto Rico Fiscal Agency and Financial Advisory Authority, and the PREPA bond trustee U.S. Bank National Association filed the agreement,…
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Hunt warns of spending cuts in bid to restore UK economic credibility
Jeremy Hunt, the new UK chancellor, admitted taxes would have to rise and spending would have to be cut after prime minister Liz Truss failed to reassure markets with a U-turn on cutting corporation tax. In his first interviews since replacing Kwasi Kwarteng, who was sacked by the prime minister on Friday, Hunt buried the…
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Bancroft Capital adds to muni team
Bancroft Capital is beefing up its Dallas-based municipal bond team with the hiring of two individuals with extensive market experience. The certified service-disabled veteran-owned small business, which specializes in institutional brokerage and capital markets services, announced the addition of Alix Cethoute as director of municipal underwriting and Jack Logan as director of municipal sales. Alix…
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Stocks making the biggest moves midday: JPMorgan Chase, Albertsons, Tesla, Beyond Meat, Delta and more
In this article WFC DAL BYND PNC HHC Follow your favorite stocksCREATE FREE ACCOUNT Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in New York, June 1, 2022. Mike Segar | Reuters Check out the companies making headlines in midday trading…
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Experts Reveal How To Make Your Home Smell Amazing All The Time
Home fragrances might be invisible but in terms of setting the ambiance for a space, there’s nothing that can make a bigger impact. After all, there is something very luxurious about walking into a home filled with curated scents. But knowing the right fragrances to choose and how to combine them takes knowledge and a…
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Hawaii rating outlook lowered to stable by Moody’s ahead of bond sale
The outlook on Hawaii’s Aa2 rating was lowered to stable from positive by Moody’s Investors Service ahead of an $800 million taxable general obligation bond deal. The outlook revision “reflects our expectation that given its significant tourism industry, lagging demographic trends, and already high cost of living, Hawaii is vulnerable to high inflation and potentially…
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Liz Truss’s tax U-turn fails to win round markets as gilts sell off
Liz Truss sacked her chancellor Kwasi Kwarteng and shredded her economic strategy on Friday, but her effort to salvage her premiership failed to win over financial markets and left Conservative MPs in a state of mutiny. In a Downing Street press conference lasting less than 10 minutes, Truss named Jeremy Hunt, former foreign secretary, as…
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Bankruptcy judge approves Puerto Rico Highway authority debt adjustment
Bankruptcy Judge Laura Taylor Swain approved the Plan of Adjustment for the Puerto Rico Highway and Transportation Authority, reducing its debts by 80% and saving it more than $3 billion in debt service payments. Swain approved the HTA debt plan on Tuesday in the U.S. District Court for the District of Puerto Rico. Swain overruled any prior…
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Why is the price of Huobi Token up 12% today as rest of the market slumps?
Huobi Token (HT) has been up 12% in the last 24 hours and is one of the few cryptocurrencies bucking the general downtrend. Trading at over $7, HT’s price is up over 80% since the beginning of this week, which is also its best weekly performance since February 2021. HT/USD daily price chart. Source: TradingView…
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Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control
Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. The abrupt movement caused…
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United Rentals (URI) and FedEx (FDX): 10/6/2022 Bull & Bear
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Stocks making the biggest moves midday: Digital World, Domino’s, Revlon, Albertsons and more
In this article DAL DWAC Follow your favorite stocksCREATE FREE ACCOUNT Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Digital World Acquisition — The company planning to take Donald Trump’s media company Truth Social…
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Offchain Labs acquires Ethereum core dev team Prysmatic Labs
One of the core development teams behind the Ethereum Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of the Ethereum layer-2 network Arbitrum. Announced in an Oct. 13 blog post by Offchain Labs, the deal’s financial terms were not disclosed, but it was noted Prysmatic Labs chose to join Offchain Labs “for…
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Minor League Ballparks Sparking Major Downtown Rebirths
Few things are more quintessentially, uniquely American than Minor League Baseball. Played out in small and not-so-small cities from Portland, Me. to San Bernardino by teams both affiliated and unaffiliated with Major League Baseball, the summer game on the minor league level proves an affordable, entertaining night out. As a bonus, it’s a coalescing force…
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Disclosure fraud highest concern for muni market
Disclosure fraud, which represented almost all of the Public Finance Abuse Unit’s enforcement actions this year, ranks as the highest concern for municipal market participants. That’s according to an audience poll at the National Association of Bond Lawyers’ Workshop on Thursday, which collected 72% of the audience vote, followed by municipal advisors with 17% of…
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Truss in crisis talks on new tax cut U-turn
Liz Truss was on Thursday locked in discussions on a major U-turn on the government’s “mini” Budget, prompting a market rally amid expectations that a £43bn package of unfunded tax cuts is unravelling. Government insiders confirmed talks were taking place on whether to unwind parts of chancellor Kwasi Kwarteng’s fiscal statement, with speculation it could…
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Munis firmer, outflows top $5 billion for second week
Municipals were firmer in secondary trading Wednesday as the largest deal of the week, a $700 million offering from the New Jersey Turnpike Authority, took focus in the primary. U.S. Treasuries made gains and equities ended mixed after the Federal Open Market Committee minutes signaled continued tightening. “The Fed Minutes showed tightening will continue even…
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Binance-Backed Blockchain Completes Hard Fork to Mitigate Future Cross-Chain Bridge Hacks
The Bnb Smart Chain commenced the blockchain’s hard fork on October 12, at block height 22,107,423, in order to add a security patch to “mitigate the cross-chain infrastructure between [the] Beacon Chain and Smart Chain.” Binance and the Bnb Smart Chain suspended withdrawals and deposits on Wednesday in order to execute the upgrade. Not too…
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DexCom (DXCM) and Papa John’s International (PZZA): 10/5/2022 Bull & Bear
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