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.
Several hedge funds have backed away from trading and other activities on Binance in response to the accelerating regulatory crackdown on the crypto exchange, deepening the strain for a group already cut off by a clutch of banks and payments companies. Crypto specialist Tyr Capital said it had “significantly decreased its exposure” to the group,
Analysts say a strike of Puerto Rico truckers is a threat to the island’s economy and a challenge for the Oversight Board. The board spent a page in the most recent fiscal plan talking about the need to not extend the minimum rates to privately negotiated trucking contracts. The truckers are striking for this as
A recent survey has revealed Bitcoin has gained traction with younger U.S. investors in terms of awareness, interest, and ownership over the past three years. The study conducted by global analytics and advice firm Gallup revealed that the number of investors in the U.S. holding BTC has jumped from 2% in 2018, to 6% as
n what many continue to term post-pandemic times, a commonly-asked question is whether the suburban housing boom will continue or downtown city living will make a vibrant comeback. With apologies to those who love the decisive ability to come down on one side or the other, it may be possible both outcomes will be realized.
Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period. Altogether, the amount of available,
Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin Galactic‘s flight test director and pilot, is no longer with the space tourism company. “I am now a former Director of Flight Test and former SpaceShipTwo pilot,” Stucky wrote in a post on LinkedIn. He
In this article INTC SNAP TWTR SAM SKX The Twitter logo is displayed on a smartphone screen on April 14, 2021. NurPhoto | NurPhoto | Getty Images Check out the companies making headlines after the bell: Twitter — Shares of Twitter jumped more than 4% after hours following a strong quarterly earnings report. The social
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Omega Healthcare Investors (OHI). This healthcare REIT is a dominate player in the skilled nursing facility space. It recently delivered a solid ‘beat and raise’, prompting analysts to revise their estimates
The South Korean government announced today that crypto exchanges will face punishment if they have not voluntarily registered with the country’s authorities by September 24. This new set of regulations will reportedly affect both exchanges based in South Korea and foreign exchanges that operate in Korean markets. According to the release, that includes any exchange
The issuance of taxable municipal securities has leapt to record levels since mid-2019 against a post-tax-exempt advance refunding backdrop of historically low rates, persistently low municipal-to-U.S.-Treasury ratios, and heightened interest from an expanding global pool of investors. Bringing back a permanent, direct-pay taxable bond program similar to Build America Bonds would likely push that figure
The European Central Bank will keep buying bonds and maintain its deeply negative interest rates in an attempt to shift the eurozone economy out of its persistent pattern of sluggish inflation, its policymakers decided on Thursday. The ECB also said it was prepared to tolerate a moderate and transitory overshoot of its inflation target as
The top bond counsel firms combined for a total of $220.03 billion in 6,077 transactions in the first half of 2021, up from the $191.51 billion in 5,124 deals in the first half of 2020. Only one firm remained in the same spot they were at this point last year, the rest of the rankings
In another world-first for the non-fungible token (NFT) space, Steve Job’s handwritten job application letter in its physical form and an accompanying digital NFT of the same item will go head to head in respective auctions. Auction to Expose How Collectors Value Different Formats As NFTs continue to push the boundaries of possibilities, whether introducing
Just a few days before Bitcoin (BTC) price plunged below $30,000, the NFT sector was dominating headlines for the second time in 2021, led by a month-long 972% surge in the price of Axie Infinity. Another NFT-focused protocol that has been gaining fundamental strength in recent months is Worldwide Asset eXchange, also known as WAX —
Glenn is president of Ally Home with more than 35 years of experience in consumer lending, mortgage and capital markets. The combination of a lack of housing inventory, increased building costs and low rates has created an environment of high home prices and fierce competition among buyers. Despite this being one of the most competitive markets I’ve
A rally to prevent Massachusetts evictions in front of Boston Housing Court on Oct. 15, 2020. MediaNews Group/Boston Herald via Getty Images | MediaNews Group | Getty Images Biden administration officials urged states and cities on Wednesday to move quickly to get federal assistance out to the millions of households that are behind on rent
Online brokerage pioneer Thomas Peterffy told CNBC on Wednesday he’s invested in cryptocurrencies, while still expressing skepticism over the long-term future of the digital asset class. “Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market,
In this article CSX KMI TXN LVS Signage is displayed outside the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Roger Kisby | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Las Vegas Sands — Shares of the casino giant slipped 2% in extended trading after
Charts turned green as Bitcoin (BTC) price rallied to $32,858, but a number of analysts also cautioned that the market may not be out of the woods yet. Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours were Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that