Microsoft co-founder Bill Gates has explained why he does not own any bitcoin or other cryptocurrencies. “I like investing in things that have valuable output,” Gates said, adding that crypto is “not adding to society like other investments.” Bill Gates on Crypto, and Why He Isn’t Investing Microsoft co-founder Bill Gates shared his opinion about
The Municipal Forum of New York honored three industry leaders and awarded a scholarship to an Urban Leadership Fellows at its annual dinner on Thursday. Homer Schaaf, Of Counsel at Norton Rose Fulbright, was awarded the Forum’s Lifetime Achievement Award, Elizabeth Fine, counsel to the governor of New York State, receivedr the Public Service Award,
Anthony Albanese is on track to become Australia’s first Labor prime minister in nine years, after Scott Morrison’s conservative Liberal-National coalition government failed to win enough seats to form either a majority or minority government. But unexpected wins from the environmentalist Greens and a number of climate-focused independent candidates meant it was not immediately clear
Laws proposed or passed by several states prohibiting local governments from paying ransoms in cyberattacks are viewed as an encouraging trend by Moody’s Investors Service. The laws enhance preparedness and incident response, which Moody’s wrote in a commentary, are both credit positives for local governments. “The measures to prohibit ransomware payments will encourage local governments
Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced two-year probation and six months of home detention to founder and ex-CEO Arthur Hayes. Arthur Hayes, along with the other BitMEX co-founders — Benjamin Delo and
In this episode what I’d like to do is share with you some inner roadblocks that happen with you mentally and getting you to wake up. That is the end goal, I want you to wake up, and by waking up I’m not talking about waking up like getting out of bed and just kind
(Click here to subscribe to the Delivering Alpha newsletter.) For the last two decades, Bruce Flatt has been the CEO of Brookfield Asset Management, growing it to become the second-largest alternatives firm in the world. He oversees more than $725 billion in assets spanning a diverse portfolio comprised of real estate, private equity, infrastructure, energy transition, credit,
Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs
For all too many years, many if not most American cities turned their backs on the rivers responsible for their very existence. The thinking held that banks along those tributaries were best left to factories, warehouses, and industrial real estate. If detritus associated with manufacturing needed trashing, well, the rivers provided a prime dumping spot.
JGI/Jamie Grill As inflation soars and markets slide, many investors are wondering what’s coming next. Traditional advice dictates that long-term investors — those who are focused on retirement dates further down the road — should stay the course in the markets. But those with shorter time horizons of three- to five-years for a closer goal,
Municipals were better Friday after catching a bid in the secondary, finally following U.S. Treasuries in a flight-to-quality, while still underperforming, keeping valuations above 100% on the 10- and 30-year. Equities pared back earlier losses to end mixed after the S&P 500 dipped into bear market territory earlier in the session. “The correlation between stocks
Huw Pill, the Bank of England’s chief economist, said on Friday that it was “crucial” to ensure that the UK avoids stoking an “inflationary psychology” and indicated he supported further interest rate rises. With inflation having reached a 40-year high in April, Pill said that prices rising at more than four times the central bank’s
Gerald Corrigan, who spent a quarter century at the Federal Reserve, including an eight-year stint as president of the Federal Reserve Bank of New York, died Tuesday in Boston. He was 80. After leaving the New York Fed in 1993, Corrigan entered the private sector. He worked more than two decades for Goldman Sachs, retiring
In this article @RB.1 @CL.1 A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now
In this article AMAT PANW ROST DECK VFC Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell Thursday: Applied Materials — Applied Materials shares fell more than 2% after the chipmaker
The Ethereum ecosystem is set for a “huge testing milestone” with the Ropsten testnet Merge set to be conducted on June 8. According to the Merge testnets page on Github, Ethereum DevOps engineer Parathi Jayanathi submitted a pull request for the Ropsten testnet Merge configuration code on Monday, suggesting the implementation is ready to go.
The strength of the housing market has made order takers out of the builders and dealers serving it – even to the point that many are turning down work because new jobs would mean a sacrifice of critical resources. Now, the question is, how sustainable is the strength of this type of market? And, how
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible” for the industry and the image of its brokers, a top brokerage CEO said Thursday. “This is not who we are,” said Bess
Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amidst the turmoil of the past two weeks with many tokens in the top 100 now showing signs of consolidation after prices bounced off their recent lows. During high volatility and sell-offs, it’s difficult to take a contrarian view and traders might
Municipal bonds still have a role to play in financing infrastructure despite the billions unleashed by the new federal law and state and local governments that are brimming with cash. “There is of course the need to leverage this money in order to get projects done,” said Patrick Brett, managing director of municipal debt capital