The Securities and Exchange Commission’s enforcement results for fiscal year 2021 highlight the SEC’s focus on disclosure in the municipal finance space. The results, released late Thursday, show the Commission overall filed 7% more enforcement actions in 2021 than in 2020. It also awarded over $564 million to more than 100 whistleblowers, surpassing $1 billion
China’s hypersonic weapon test in July included a technological advance that enabled it to fire a missile as it approached its target travelling at least five times the speed of sound — a capability no country has previously demonstrated. Pentagon scientists were caught off guard by the advance, which allowed the hypersonic glide vehicle, a
High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images Asian high-yield bonds have been a hot favorite among institutional investors for the last few years. Also known as junk bonds, they are non-investment grade debt securities
In this article FL DDS FTCH AMAT WSM PANW Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker slid 3.6% in the premarket after the athletic footwear and apparel retailer said it expects global supply chain constraints to persist through this quarter. The slide comes despite a beat on
A crowd loan is a Polkadot (DOT) crowdsourcing event in Polkadot that allows the community to support project bids in upcoming parachain slot auctions. Users contribute DOT, receive rewards in project tokens and get their DOT back in two years (a standard slot lease duration). This mechanic helps projects raise substantial capital in DOT tokens
If you’re going to splurge on a gift for a family member or friend, yet another bottle of wine, cashmere scarf or wallet simply won’t do. A gift for the home, kitchen, or something that can elevate an everyday experience will be far more meaningful. Whether it is an original piece of art, a well-designed
A housing complex by Chinese property developer Evergrande in Beijing. The indebted Evergrande has remitted the funds for a key interest payment that was due Sept. 23 — ahead of a 30-day grace period, Chinese state media Securities Times reported. Noel Celis | AFP | Getty Images Hong Kong’s benchmark provider Hang Seng announced it
Los Angeles City Controller Ron Galperin released an audit Wednesday showing the city has failed to keep its legally binding promise to repair its 9,000 miles of sidewalks. A legal settlement finalized in 2016 requires the city to spend $1.37 billion over 30 years to address broken sidewalks, inaccessible curb ramps and other access barriers
Bitcoin (BTC) hovered near $59,000 as Nov. 21 came to a close after avoiding a retest of its recent lows. BTC challenges $60,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD almost hitting $60,000 before consolidating in a new higher range after sudden gains Saturday evening. The pair had hit lows of $55,650 during the
COVID-19 stimulus spending caused 2021 state expenditure estimates to sky-rocket to the highest level in 35 years. That was according to the Fiscal 2019-2021 State Expenditure Report released by the National Association of State Budget Officers Friday. Total state spending reached $2.65 trillion in fiscal year 2021, a jump from the $2.28 trillion observed in
Telecom Italia is to hold an emergency board meeting on Sunday to evaluate a takeover offer from US private equity group KKR, a deal that would be one of the largest telecoms buyouts of all time. KKR already holds a 37.5 per cent stake in Telecom Italia’s “last mile” network but has moved to make
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In this article DLTR People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images News | Getty Images Company: Dollar Tree Inc. (DLTR) Business: Dollar Tree operates discount variety retail stores. It operates through two segments: Dollar Tree and Family Dollar.
In this article BA MRNA HOOD .BBKA FL Moderna’s sign is seen outside of their headquarters in Cambridge, MA on March 11, 2021. Boston Globe | Getty Images Check out the companies making headlines in midday trading. United Airlines, Boeing — Shares of travel-related stocks dipped after Austria announced earlier in the day that it would
We’ve argued many times in the past that the correlation between Bitcoin’s price and the market capitalization of hundreds of altcoins makes very little sense. Whether you buy into the idea that Bitcoin is digital gold, or a payment mechanism, or both, it doesn’t have a whole lot in common with Ethereum, Shiba Inu, or
While many methodologies are used to close a sale, there is perhaps no more valuable tool than personal experience—-it’s much easier to speak to a product’s strengths if one has an intimate knowledge of it. That’s why car salespeople are encouraged to take what’s on the lot out for a test drive or why sommeliers
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Rising mortgage interest rates continue to take their toll on demand, especially in the refinance market. Total mortgage application volume fell 2.8% last week compared with the previous week, according to the Mortgage
A federal request for a 10- to 15-week pause in the Puerto Rico Plan of Adjustment confirmation process as well as the related constitutional challenge to the underlying bankruptcy law may threaten the Puerto Rico debt deal. Five attorneys with the U.S. Department of Justice, led by Acting Assistant Attorney General Brian Boynton, asked Puerto
Bitcoin (BTC) has been on an impressive price run since the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a new all-time high of over $69,000 on Nov. 10, as per data from TradingView. However, the financial watchdogs soured the mood by
The Securities and Exchange Commission Friday censured a McKinsey & Co. affiliate and ordered it to pay $18 million to settle allegations that MIO Partners had access to material nonpublic information about issuers, including Puerto Rico, while it was overseeing investments that included the issuers’ securities. Active partners at McKinsey acting as restructuring consultants for
In this article M0Y-DE A rendering of the company’s laser communications system on satellites in orbit. Mynaric German laser communications company Mynaric listed on the Nasdaq in the past week and CEO Bulent Altan, a former SpaceX executive, spoke to CNBC about the company’s U.S. debut and plans for further growth. The company raised $75.9