Bitcoin (BTC) maximalist and Ballet CEO Bobby Lee recently discussed the implications of China’s ongoing crackdown on cryptocurrency. Despite the government’s support for a digital renminbi, Lee suggested that Beijing has no interest in nurturing the cryptocurrency industry.  Considering his collisions with the Chinese government during his stint in running China’s first crypto exchange BTCChina, Lee
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Akron, Ohio-based FirstEnergy Corp. agreed to pay $230 million to resolve federal charges in connection with an alleged bribery scheme involving a $1 billion public bailout for two nuclear power plants owned by a bankrupt subsidiary with municipal debt. Federal authorities charged the public utility holding company with conspiring to commit honest services wire fraud.
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Roughly every other glass of orange juice drunk around the world comes from the orchards of São Paulo state, boasts Duarte Nogueira. “We have everything beginning with the letter ‘C’,” says the mayor of Ribeirão Preto, a city four hours inland from the state capital, before reeling off the Portuguese names of produce cultivated in
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The British government is exploring ways to remove China’s state-owned nuclear energy company from all future power projects in the UK, including the consortium planning to build the new £20bn Sizewell nuclear power station in Suffolk, according to people close to the discussions. The change in mood at the top of government also affects proposals
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If you think that things are acting without any order or sense, you need to watch this video. I’ll tell you why stocks sell-off even if earnings are great. And sometimes, stocks have horrible earnings, but it goes to the upside. Let’s see why that is the case. #selloffstock #stockearnings #stocks #greatearnings #stockmarket #topstock Posted
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This week’s strategy video covers a very important scenario that all traders come across – trend breakouts that don’t turn out as expected. Textbooks say that if a trendline breaks, then that’s it – another direction is certain. David explains why this isn’t necessarily true and he gives us illustrations and examples of the so-called
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What bond-market guru Mohammed El-Erian said Friday was enough to make bond investors listen like they’re in an old E.F. Hutton commercial. “Inflation is not going to be transitory,” the chief economic adviser at Allianz SE said in an interview on Bloomberg TV. El-Erian likened it to his belief in 1999 that Argentina would default,
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The Puerto Rico Aqueduct and Sewer Authority plans to refund $1.8 billion of outstanding 2012 debt in an August deal, coming into a market that is starved for high-yield paper. For several months the authority and the Puerto Rico Oversight Board has mentioned the possibility of refunding the authority’s Series 2012A bonds. On Friday it
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US stocks ended Friday at a new high, reversing steep losses at the start of the week, as fears about the Delta variant of coronavirus were soothed by strong corporate earnings and continued central bank support for financial markets. The S&P 500 climbed 1 per cent, lifting the index’s weekly gain to 2 per cent
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