Chicago deputy Chief Financial Officer Jack Brofman will join the University of Chicago’s finance team next month. Brofman will start at the university July 17 as executive director of global treasury operations reporting to Jee He Kim, associate vice president for finance. “He will play a critical role in all treasury-related decisions of the university,”
Among the more memorable displays at Bitcoin 2023 is a real-life toilet with the logos of various non-Bitcoin cryptocurrencies. It’s an ad for a booth selling “buttwipes” that are “moistened with the tears of no-coiners.” The marketing message is clear: Bitcoin is the real thing — everything else is a shitcoin that belongs in the
Municipals showed some strength Tuesday, U.S. Treasury yields fell and equities ended down. Triple-A scales bumped up to five basis points, depending on the scale, while UST yields fell three to five basis points. The two-year muni-to-Treasury ratio Tuesday was at 62%, the three-year at 65%, the five-year at 66%, the 10-year at 68% and
Corporate America is feeling the pinch from the slowdown in Wall Street’s $1.4tn market for junk-rated loans, with a growing list of companies forced either to pay more or abandon borrowing plans. Borrowers have been hit by shifts in the market for collateralised loan obligations, or CLOs, the investment vehicles that own roughly two-thirds of
In this article RIVN GS CAR XOM NKE DICE BABA Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Goldman Sachs — Shares declined 2.2% in midday trading.
Owning a second home or vacation property can sound enticing. But it can also be very expensive, both in terms of time and money. There are also hidden costs associated with owning a second home. For some individuals and families, buying a vacation home makes a lot of sense. It’s comfortably affordable and the home
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT When Amazon first announced plans for a second corporate headquarters in 2017, it set off an epic bidding war. Virginia beat 237 competitors to win the project, and when it finally opened last week in the Crystal City section of Arlington, Virginia Gov. Glenn Youngkin
On June 20, cryptocurrency exchange Binance announced that it had commenced operating nodes on the Bitcoin Lightning Network as a crucial step towards integrating it for deposits and withdrawals. In the tweet, Binance acknowledged users who noticed their new Lightning nodes and confirmed their presence. However, Binance highlighted that additional technical work must be completed
Holders of restructured bonds of the Clare Oaks senior living community in Illinois are giving the facility some breathing room and funds to support capital needs under a forbearance agreement that staves off any punitive actions allowed after a payment default on $50 million of municipal bond debt. Clare Oaks’ previous fiscal struggles resulted in
What Bitcoin Did podcaster Peter McCormack admits that he has a “weird relationship with Twitter,” as he believes it “brings out the worst in people.” He’s worked hard to build up more than half a million followers to promote his show but still isn’t sure that Twitter is a “net positive” because it “elevates a
Moody’s Investors Service put the Guam Power Authority revenue bonds’ Baa2 rating on review for a possible downgrade following damage from Typhoon Mawar that hit the territory in late May. Moody’s on Wednesday said the downgrade review stemmed from Mawar’s damage to the territory and “to a lesser extent to GPA’s infrastructure,” said William Oh,
Abu Dhabi’s sovereign wealth fund ADQ held detailed talks to take Wall Street investment bank Lazard private, in a move that underlined the oil-rich emirate’s ambitions to acquire a western financial services company. The talks were held this year between Lazard, led by outgoing chief executive Ken Jacobs, and ADQ, led by Sheikh Tahnoon bin Zayed
Jim Casselberry, Known Source: Known Black people in America won their personal freedom 158 years ago. Economic freedom, though, has been far more elusive. Veteran portfolio manager Jim Casselberry is trying to do something about that, using his four decades of investing experience to help bridge the gap for people of color and the Indigenous
In this article LUMN AMD LOG.N-CH TM Follow your favorite stocksCREATE FREE ACCOUNT Toyota cars are displayed on the sales lot at Toyota of Marin on May 11, 2022 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves in premarket trading: Toyota —
Founded in 2014 by Purna Khatau and Phoebe Vickers, clothing and lifestyle brand Rhode is having a moment. Fun and vibrant, each piece has a causal yet polished look to it. A celebrity favorite, these brightly printed, vintage-style dresses have been worn by everyone from Beyoncé to Rihanna, Khloe Kardashian, and Mindy Kaling. However, nothing
In this article 8001.T-JP 8058.T-JP 8002.T-JP 8031.T-JP 8053.T-JP BRK.A Follow your favorite stocksCREATE FREE ACCOUNT General view of the financial district of Lujiazui in Pudong district in Shanghai on April 12, 2023. Hector Retamal | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open
In an interview with Bloomberg, ARK Invest CEO and CIO Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the SEC sued Binance, one of Coinbase’s biggest competitors. ARKK purchased nearly 330,00 shares of COIN on June 6, 2023, worth about $17
Federal Reserve Gov. Christopher Waller said in a speech Friday morning that troubles in the banking sector earlier this spring shouldn’t have a material impact on the central bank’s interest rate trajectory.Bloomberg News Federal Reserve Gov. Christopher Waller said the central bank should not reverse course on monetary policy simply because it is having an
The price of Cardano (ADA) is down over 3% on June 19 after dropping over 30% in the past two weeks. Is ADA price headed for its fourth red weekly candle in a row? No respite for Cardano price bulls On June 19, ADA price fell over 3% to daily lows of $0.257 as traders
Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.” Musk alleged the account was a scam in a tweet on June 18 in areply to the bot, the account was seemingly suspended soon after. This sure looks like a