Tag: Finance and Economy
Ripple to Launch US Dollar Stablecoin
Blockchain firm Ripple said it’s launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market. The move will pit Ripple against[more...]
South Carolina Has $1.8 Billion but Lacks Source or Destination Information
South Carolina has collected about $1.8 billion in a bank account over the past decade and state and private accountants are still trying to figure[more...]
Japan Brought Forward Emergency Yen Meeting to Maximise Market Impact
TOKYO, March 29 (Reuters) - Japanese monetary authorities made a last-minute decision to bring forward to Wednesday an emergency meeting on the weak yen that[more...]
Moody’s Downgrades New York Community Bancorp’s Sole Traded Bond to Junk
Rating action 'reflects multi-faceted financial, risk-management and governance challenges facing NYCB,' Moody's says Moody's Investors Service downgraded New York Community Bancorp's credit by two notches[more...]
New York Community Bancorp’s Stock ‘Untethered from Fundamentals’
D.A. Davidson cuts New York Community Bancorp to neutral and reduces target price for the stock to $5 from $8.50 New York Community Bancorp was[more...]
Sam Bankman-Fried found guilty on all seven counts
Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, has been found guilty on all seven counts related to[more...]
Over $4.5B Worth of Bitcoin and Ethereum Options Set to Expire
On the heels of an amazing week for the digital asset, greater than $4.5 billion value of Bitcoin (BTC) and Ethereum (ETH) choices are set to run out right[more...]
Biden Requests $106 Billion for Israel, Ukraine, Taiwan and Border
The Biden administration on Friday requested more than $106 billion from Congress to support the security needs of Ukraine, Israel, Taiwan and the U.S. southern[more...]
US mortgage application flow plunges to lowest since 1995
WASHINGTON — The volume of U.S. mortgage applications plummeted to the lowest in nearly three decades last week as the interest rate on the most[more...]
