Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter Schiff’s Bank Euro Pacific Bank, owned by notorious bitcoin skeptic and gold bug Peter Schiff, has been suspended by
Protesters brought parts of the UK’s motorway network to a standstill on Monday in a demonstration over high fuel prices. Police warned drivers that a “slow-moving rolling roadblock” was causing delays on parts of the M4 motorway near the border between England and Wales and on the M5 near Bristol. There were also “significant delays”
Elizabeth Reich, who wrapped up her final day as Dallas chief financial officer on Thursday, will be joining Dallas Area Rapid Transit starting July 18. DART announced on Friday that Reich, as its new CFO, will be a key member of the executive team, reporting to President & CEO Nadine Lee and leading the agency’s
Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman. The minister’s shock exit, confirmed on his Twitter account on July 3 via a seven-page letter, threatens to further destabilize
A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images Investors just can’t seem to find a trough in this bear market, and are struggling to hold on to any optimism amid growing concerns of a possible recession. However, the key to surviving a bear market successfully
In this article MGM CZR META MU KSS AAPL Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG). Kohl’s said the deteriorating retail and
The past few weeks have been interesting and have surfaced what we in the financial services industry call matters requiring attention, or MRAs. An MRA describes a practice that deviates from sound governance, internal controls and risk management principles. These matters that require attention have the potential to adversely affect the industry and increase the
More and more, home sellers are giving in to the mounting pressure on affordability posed by June’s rapid mortgage rate hike, according to a new report from Redfin, a technology-powered real estate brokerage. The median asking price of newly-listed homes for sale is down 1.5% from the all-time high it reached in the spring, and
People wait to visit a house for sale in Garden City, Nassau County, New York. Xinhua News Agency | Getty Images After rising steadily for three weeks, mortgage rates dipped slightly last week, prompting a small increase in refinance activity. Activity from homebuyers, however, pulled back further, leaving total mortgage demand basically flat from the
The Puerto Rico Oversight Board again imposed the fiscal 2023 budget on the Puerto Rico’s central government. While the board had reached a consensus budget with the local legislature and Gov. Pedro Pierluisi in June 2021 for fiscal 2022, there was little cooperation with the board this year, said Board Member Antonio Medina. The Puerto
Sir Keir Starmer will on Monday signal that Labour is willing to fight Boris Johnson over his Brexit legacy at the next election, setting out a five-point plan to tackle the economic pain caused by Britain’s EU exit. In a big tactical shift, Starmer will use a speech to denounce the “mess” created by the
Municipals were stronger following along with, but underperforming U.S. Treasuries, which extended their rally and saw yields fall even further to start the second half of the year on continued recessionary fears. Equities ended in the black. Triple-A yields fell by four to seven basis points while USTs saw yields fall by up to 16
In this article WDC AMD The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Matthew Staver | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Micron Technology – Shares of the chipmaker fell about 6% after the company issued disappointing fiscal fourth-quarter guidance and said weakening consumer demand will
Crema Finance, a concentrated liquidity protocol over the Solana blockchain, announced the temporary suspension of its services owing to a successful exploit that has drained a substantial but undisclosed amount of funds. Soon after realizing the hack on its protocol, Crema Finance suspended the liquidity services to refrain the hacker from draining out its liquidity
A sprawling waterfront property in Naples, Florida has sold for $62 million, putting it in the record books as the most expensive home in the history of the city’s real estate transactions. Situated on 1.5 acres, the beachfront estate offers front-row seats to the Gulf of Mexico. Paul Arpin, of Premier Sotheby’s International Realty’s Broad
A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Summer’s here, and it’s a hot one. Forecasts from the Farmers’ Almanac, the National Oceanic and Atmospheric Administration and The Weather Company
On June 10, many were surprised by the news that TBD, a subsidiary of Block, Twitter’s co-founder Jack Dorsey, announced the launch of the Web5 platform. Web 1, 2, 3 and now Web 5? But where is Web 4? Those who don’t care about number sequences can just downloaded Web 7. But first, so that
A new fund dedicated to advancing social equity and led by an NBA veteran and a leading municipal firm is moving into New York State’s growing cannabis industry. Social Equity Impact Ventures, LLC, a premier minority-led investment team, will sponsor and manage the New York Social Equity Cannabis Investment Fund. This first-of-its-kind $200 million fund will be
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Hackers with suspected links to China’s intelligence agencies were still advertising for new recruits to work on cyber espionage, even after the FBI indicted the perpetrators in an effort to disrupt their activities. Hainan Tengyuan, a Chinese technology company, was actively recruiting English language translators in March according to job adverts seen by the Financial