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    By Swati Bhat and Nupur Anand MUMBAI (Reuters) - India's central bank has "major concerns" about cryptocurrencies, Governor Shaktikanta Das said on Wednesday, flagging potential risks to financial stability. Das said he had communicated his concerns to the government, which has largely opposed trading in private cryptocurrencies in recent years. He said the RBI's plans to launch its own digital currency remained a "work in progress". "We have major concerns from the financial stability angle," Das told news channel CNBC-TV18 in an interview, adding that the RBI was "targeting to launch" a digital currency. "It will be very difficult and not possible for me to give a date as there are several loose ends that need to be tied up and it is receiving our full attention." Bitcoin pared gains following Das' comments. It was up 1.5% at $49,622 by 0715 GMT, having traded 5% higher in early trade. The...
    Investigators in Manhattan looking into Donald Trump's tax affairs are becoming increasingly interested in the president's oldest son, according to a report. Donald Trump Jr has been running the Trump Organization alongside his brother Eric, 37, while their father was in the White House. Cyrus Vance Jr, the Manhattan district attorney, has been investigating the former president's tax affairs for several months. But on Tuesday it was claimed that Trump Jr was now being dragged into the probe. Donald Trump Jr, 43, is now reportedly a focus of Cyrus Vance Jr's investigation into tax Vance has been looking into the Trump Organization's financial affairs and taxes for years Investigators were asking questions about the 43-year-old and about Allen Weisselberg, one of the former president's most trusted officers, The Daily Beast reported. Weisselberg, 73, the chief financial officer of the Trump Organization, has repeatedly appeared in investigations into the...
    Red Eléctrica has presented a result for the 2020 financial year of 621.2 million euros, 13.1% less than that achieved in 2019, or 703.0 million euros without considering the deterioration due to the adverse conditions of Covid-19, which has affected the activity of the satellite area, 1.8% below that obtained in 2019. The company has explained in a statement sent to the National Securities Market Commission (CNMV), that the satellite telecommunications activity It has been affected both by the duration of the crisis, which is longer and more severe than initially expected, and by the evolution of the Latin American markets where it operates. This situation has worsened, especially in the second half of 2020. In relation to the main economic-financial figures of the Group in 2020, it should be noted that both the turnover and the EBITDA have been around 1% below that registered in 2019. The effect...
    Tiger Woods awake, responsive and recovering after surgery following rollover crash 6 new Android features: Schedule text messages, Dark Mode on Google Maps and more Financial Secretary Paul Chan announced spending of more than 120 billion Hong Kong dollars ($15.5 billion) in the coming financial year to lift the economy, which has been in recession for two years. Among measures announced by Chan include a reduction in profits tax for businesses and consumption vouchers worth 5,000 Hong Kong dollars ($645) for each eligible resident. Chan said Hong Kong's economy is expected to grow by 3.5% to 5.5% this year, and an average of 3.3% per annum from 2022 to 2025. © Provided by CNBC A man wearing a protective face mask stands on Kowloon's Tsim Sha Tsui waterfront that faces Victoria Harbour in Hong Kong. The Hong Kong government will spend more than 120 billion Hong Kong...
    Tiger Woods awake, responsive and recovering after surgery following rollover crash 6 new Android features: Schedule text messages, Dark Mode on Google Maps and more THE MONEYIST Dear Quentin, Load Error I read the letter sent to you by the husband-and-wife and how their wealthy friends shared their financial adviser with them, an act that ultimately destroyed their friendship. It is similar to my own situation, except we recommended our financial adviser to our wealthy neighbors. My husband and I retired early. We were very frugal. Friends called us cheap. We prefer thrifty or frugal. We had no children, they had three kids; we rarely took vacations, they vacationed every year. Who deserves an annual vacation? There’s a reason why we retired early. We always paid cash for our modest cars, but then drove our cars for 10 years or more. I don’t think they ever...
    By Jim Mustain and David B. Caruso | Associated Press NEW YORK — Manhattan District Attorney Cyrus R. Vance Jr. fought for a year and a half to get access to former President Donald Trump’s tax records. Now, thanks to a U.S. Supreme Court ruling, he will soon have them. But what will that mean for the Democrat’s grand jury investigation into Trump’s business affairs? Former prosecutors say the trove of records could give investigators new tools to determine whether Trump lied to lenders or tax officials, before or after he took office. “Prosecutors look for discrepancies in paperwork. For example, if Trump told the IRS he’s broke and lenders that he’s rich that’s just the type of discrepancy they could build a case around,” said Duncan Levin, a former federal prosecutor who worked on a wide range of white collar cases as Vance’s chief of asset forfeiture. “These documents...
    FBIs intel failure ahead of Capitol riot goes beyond a missed email, experts say Top Democrat Says House Will Vote on Friday: Stimulus Update You can’t plan if you don’t look ahead, which means now is an excellent time to add some important personal finance deadlines into your calendar. Here is a list of important dates potentially impacting your finances throughout the rest of 2021— including the expiration dates for COVID relief programs. © Photo: Kwangmoozaa (Shutterstock) March 14Technically this is last day to claim benefits for the following unemployment COVID-relief programs, which are set to expire: Federal Pandemic Unemployment Compensation (which tops up unemployment by $300 per week) Pandemic Unemployment Assistance (PUA) Pandemic Emergency Unemployment Compensation (PEUC) However, President Biden’s proposed relief legislation includes extensions of these programs, and Democrats are hoping to pass the bill into law by no later than mid-March. Load...
    GameStop's chief financial officer is stepping down from his role, weeks after the company was involved in a trading frenzy. The company announced that Jim Bell, the executive vice president and chief financial officer, will be resigning from his roles on March 26. THE GAMESTOP SHORT SQUEEZE GameStop has hired a search firm to help support the process of finding his replacement and will be looking internally and externally to do so. If a replacement is not found before Bell’s last day, GameStop plans to appoint Diana Jajeh, the current senior vice president and chief accounting officer, to the role of interim chief financial officer. The announcement comes a month after the company’s stock soared, fueled by the Reddit page WallStreetBets. In early January, GameStop had a larger short interest, or the number of shares involved in short positions, than the company's total number of shares. The thousand-fold...
    NEW YORK (CBSNewYork) — With anti-Asians crimes on the rise in New York and around the nation, Mayor Bill de Blasio on Tuesday mounted a campaign to crack down on those who perpetrate hate, calling for severe consequences and jail time. Wellington Chen came to New York from Hong Kong in the 1970s, but said he was never afraid to walk the streets near his Flushing home — until now. “This is the first time I feel concerned,” Chen told CBS2’s Marcia Kramer. “Last Friday, a few blocks away from here, an Asian man like me just walking out the door, a few doors from his house, and he got smashed to the floor. Next thing he knew he woke up with broken teeth and a gash across his forehead.” READ MORE: City Leaders Hold Virtual Town Hall To Address Alarming Rise In Violence Against Asian-Americans Chen now puts tools to...
    WOONSOCKET, R.I. (AP) — A Rhode Island Superior Court judge has restored full health care benefits to over 50 Woonsocket Police retirees after finding that the city and its budget commission violated the Rhode Island Constitution by indefinitely requiring them to pay deductibles. Judge Jeffrey Lanphear ruled in favor of officer Glen Hebert who challenged the commission’s authority to unilaterally cut health care benefits for retirees in 2013, the Providence Journal reported. Edward Roy Jr., who represented the retirees, said that his clients are gratified that the court accepted their arguments. Roy said that places a dollar figure on what retirees are owed and said that it is being evaluated. The health care cuts were implemented by the budget committee as an emergency measure to relieve strain on the cities financial woes. Lanphear found that the emergency is no longer “immediately emerging” and that the “herculean efforts” by the city...
    Happy Tuesday MarketWatchers. Don’t miss these top stories:Reassess your life and career every 7 years by asking these 3 questions Here's a response to feeling burned out at work or depleted by relationships.Nearly half the states are taxing companies over PPP loans that have been forgiven How is your state treating COVID loans made to companies? Financial guru Dave Ramsey is selling his $15.45 million Tennessee estate It's no surprise that the massive estate of the prominent radio host Dave Ramsey, in Franklin, TN, has turned out to be a great investment — that is, if he can sell it for anywhere near his $15.45 million asking price.We put our extravagant neighbors in touch with our financial adviser. They called her ‘lousy.’ So how come WE are the ones who retired early? ‘Warren Buffett and Harry Potter couldn’t get those two retired early.’I’m 28, have zero debt, a 401(k), Roth...
    C3 AI Announces Upcoming Events for the Financial Community
    New York City Council candidate Toba Potosky today announced having more cash on hand – over $166,000 – than any other candidate in the 10-way race to replace term-limited Councilmember Stephen Levin. Potosky said the financial information was released in the New York City Campaign Finance Board’s latest filing. District 33 encompasses most of the Brooklyn waterfront that faces Manhattan, including Boerum Hill, Brooklyn Heights, Brooklyn Navy Yard, Dumbo, Downtown Brooklyn, Fulton Ferry, Greenpoint, Vinegar Hill, Williamsburg, and Bed-Stuy. As of today, the campaign has received 641 donations, 489 of which – over 75 percent – were $100 or less. Potosky participated in New York City’s matching funds program, which, paired with campaign spending and individual contribution limits, ensures that candidates compete on a level playing field. Donations by New York City residents, no matter how large or small, can be matched by as much as eight times so that...
    Assemblyman Ash Kalra’s single-payer legislation is a waste of the California Legislature’s time. The San Jose Democrat’s bill is an exercise in politics that has zero chance of being implemented until it comes with a prudent financial plan that benefits consumers, health care providers and the business community. We know that’s true because we went through this same exercise in 2018. The state Senate spent hours debating Sen. Ricardo Lara’s SB 562 before Assembly Speaker Anthony Rendon killed it, calling it “woefully incomplete.” “This was essentially a $400-billion proposal without a funding source,” said Rendon in 2018. “That’s absolutely unprecedented. … This was not a bill, this was a statement of principles.” Nevertheless, Kalra introduced his bill, AB 1400, Friday without identifying a way to pay for what would be a massive transformation of California’s health care system. The legislation includes a wish list of benefits that would normally demand a...
    Political divisions helped fuel death toll, Fauci says; Johnson & Johnson plans 20M vaccine doses by end of March. Todays COVID-19 updates We’re all supposed to be survivalists now Unique Tip If Your Car Has Automatic Headlights Ad Microsoft The Best Flashlight We've Ever Tested Ad Microsoft Full screen 1/10 SLIDES © Mindscape studio / Shutterstock.com 9 Places That Will Pay You to Move There in 2021 We are a country on the move. Many Americans relocated during pandemic-ravaged 2020 due to a job loss or fear of catching the virus. Millennials and people in the upper middle-class also are relocating. Moving and storage giant U-Haul identifies Tennessee, Texas and Florida as the three top destinations for movers in 2020. Meanwhile, cities and towns...
    London (CNN Business)Wall Street is increasingly concerned that a wave of spending when the economy reopens could cause prices to spike, spoiling the financial market party that's been raging since last March.What's happening: Government bond yields — which move opposite prices — have jumped, signaling rising optimism about the economic recovery. But a surging economy can also mean rising prices.Investors are worried that higher inflation would pressure central banks like the Federal Reserve to hike interest rates or taper bond purchases sooner than expected. After a long period of easy access to money, that could trigger a market tantrum. "The economy is more leveraged than in previous eras, so a bit of Fed tightening eventually can do more damage," John Normand, JPMorgan's head of cross-asset fundamental strategy, said in a recent note to clients. Monitoring prices is a key job of central banks. The Federal Reserve targets long-term inflation of...
    BEIRUT (Reuters) - The World Bank threatened to suspend financing for Lebanon's COVID-19 vaccination drive in its second week after it emerged that some lawmakers would get their shots in parliament on Tuesday. The comments from the World Bank came as frustration grew among some residents and doctors that vaccinations were moving slowly and could be riddled with violations. Lebanon received its first batch of the Pfizer-BioNTech vaccine - about 28,000 doses - this month with aid from the World Bank, which said it would monitor to ensure the shots go to those most in need. In its first operation funding the purchase of COVID-19 vaccines, the World Bank reallocated $34 million to help Lebanon start vaccinations. The bank has warned against favoritism in a country where decades of state waste and corruption triggered a dire financial meltdown. After local media reported that some MPs would get their COVID-19 shots...
    Nearly 200,000 more California college students could receive state assistance for tuition and living expenses under one of the largest expansions of the Cal Grant financial aid program ever proposed, according to details released Tuesday. The plan, unveiled by the California Student Aid Commission and two legislators, would eliminate some current requirements for the main Cal Grant award that favor younger students within a year out of high school who have a minimum GPA of 3.0. Instead, it would broaden access to older students and others not currently eligible. It would also simplify the program and tie eligibility to the federal Pell Grant, which better accounts for a student’s total cost of attendance, which includes housing, transportation and other expenses. Although the Cal Grant focuses on tuition and fees, it is one of the nation’s most generous college financial aid programs, providing annual support to more than 500,000 California...
    We begin today’s roundup with analysis of the crisis in Texas. First up, Paul Krugman at The New York Times: The collapse of the Texas power grid didn’t just reveal a few shortcomings. It showed that the entire philosophy behind the state’s energy policy is wrong. And it also showed that the state is run by people who will resort to blatant lies rather than admit their mistakes. Texas isn’t the only state with a largely deregulated electricity market. It has, however, pushed deregulation further than anyone else. There is an upper limit on wholesale electricity prices, but it’s stratospherically high. And there is essentially no prudential regulation — no requirements that utilities maintain reserve capacity or invest in things like insulation to limit the effects of extreme weather. Naomi Klein: Blame right-wing panic. For decades, the Republicans have met every disaster with a credo I have described as...
    Live politics updates: Police officials to testify about Capitol riot at Senate hearing People identified in rediscovered Alaska photos from 60 years ago Unique Tip If Your Car Has Automatic Headlights Ad Microsoft Full screen 1/9 SLIDES © Krakenimages.com / Shutterstock.com 8 Ways to Stop Buying Things You Don’t Need Retailers are exceptional at getting us to part with our hard-earned dollars — even for stuff we don’t need. When your favorite store slashes prices or makes it all too easy to purchase something — hello, Amazon Prime — it may be understandable if you occasionally succumb to the instant gratification of an impulse buy. But if your spending has gotten out of control or you’ve resolved to buy less, then these strategies can help. It’s not the...
    Former US President Donald Trump has started the week with a major defeat. The Supreme Court has rejected the former president’s latest attempt to hide his financial history. Trump’s accountants must provide all the financial information requested by the New York prosecutor’s office. The prosecutor speaks of a “extensive and prolonged criminal conduct”, would be investigating potential financial crimes. The Supreme Court thus paved the way for New York City Manhattan District Attorney Cyrus Vance to obtain Trump’s tax returns, This represents a severe legal setback for the former president, who has strongly opposed handing over his financial accounts to the court. Even so, documents will not be made public, since, according to the Supreme Court’s ruling, tax returns will be subject to the grand jury’s rules of secrecy. Trump framed the decision of the Supreme Court in the “political persecution” and the “witch hunt”...
    For years, he’s gotten away with it. He lied. He cheated. He treated the government like a get-rich-quick-scheme and his most ardent followers like marks. But now, Donald Trump could be facing serious criminal charges. The kind of charges that might lead to the former president going to jail. The Supreme Court turned down Trump’s final appeal, and that means his accounting firm has to turn over his tax records and business documents to Manhattan District Attorney Cy Vance ASAP. “Trump’s lawyers will always come up with something, but there should be no reason why the grand jury won’t get these financial records tomorrow,” Daily Beast legal analyst Jay Michaelson tells Molly Jong-Fast on the latest edition of The New Abnormal. “Basically, what we all know happened was Trump inflated the value of his business when it suited him, which is in order to get on the Forbes list [of...
    Heres what we know about the United flight that suffered engine damage and dropped debris in Denver area Suu Kyis lawyer soldiers on in defence of democracy THE MONEYIST © Getty/iStock The Moneyist: ‘Your financial adviser is not a Wizard of Omaha or a Wizard from Hogwarts.’ Dear Quentin, Load Error I read the letter sent to you from the four husband-and-wife friends about how their different savings strategies and a shared financial adviser came between them. It is similar to my own situation, except we were the ones recommending our wealthy neighbors consult with our financial adviser. My husband and I retired early. We were very frugal. Friends called us cheap. We prefer thrifty or frugal. We had no children, they had three kids; we rarely took vacations, they vacationed every year. Who deserves an annual vacation? There’s a reason why we retired early. We...
              Live from Music Row Monday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. –  host Leahy welcomed by Fox Business contributor and Wall Street expert Liz Peek on the newsmakers line. During the third hour, Peek deep dived into the new American Rescue Bill proposed by the Democratic Biden administration and outlined what and where the funds were going. She later described how the stock market’s uptick was a reflection of a healthy economy in the wake of COVID-19 citing that many larger corporations were reaping the benefits while lower-end workers will be hurt by inflation. Leahy: We are joined now on the newsmaker line by Liz Peek a Fox News contributor and Wall Street expert. And she has a fantastic article at Fox News this morning....
    Biden mourns 500,000 dead, balancing nations grief and hope Cherokee Nation chief wants Jeep to stop using tribes name © STEPHANIE LAMY/AFP via Getty Images Protesters demonstrate on the opening day for the Trump International Hotel and Tower in Vancouver on February 28, 2017. STEPHANIE LAMY/AFP via Getty Images Donald Trump made at least $1.6 billion during his single term as US president. He could hae made as much as $1.79 billion, according to financial disclosures. Much of the revenue came from Mar-a-Lago, his hotel in DC, and his American golf courses. Visit the Business section of Insider for more stories. Donald Trump may have donated his $400,000 salary as president, but that represented just one-tenth of a percent of the money he made while the world's most powerful man. During his four-year term in office, Trump reported making between $1.6 and $1.79 billion, with some $620...
    D.C. is taking its financial temperature and finding that it is healthier than what was projected at the start of the pandemic. Unemployment claims are still higher than they were before the pandemic began, but hiring is coming back as D.C. added more than 14,000 jobs in December, according to a new report from the District’s Office of the Chief Financial Officer. “We’ve lost visitors and sales tax revenue. But our property tax and our income tax have not been as badly affected as predicted last year,” Mayor Muriel Bowser said in a news conference Monday. Given the grim projections for this year issued months into the pandemic, Bowser said that she is pleased that the city is in better financial shape than expected. “That said, we still don’t have people at work in our downtown. We still don’t have our nightlife and entertainment fully open and hospitality fully open....
    EFE videos Bolsonaro opens a new crisis at Petrobras and raises doubts in the market Sao Paulo, Feb 22 (EFE) .- The Brazilian president, Jair Bolsonaro, has opened a new crisis in Petrobras by announcing a retired Army general as the new president of the state oil company, whose papers sank this Monday in the stock market, and it raised doubts about his commitment to economic liberalism. The appointment of Joaquim Silva e Luna, former Defense Minister in Michel Temer’s government (2016-2018) and current director of the Brazilian part of the Itaipú hydroelectric plant, has yet to be ratified by the Petrobras Board of Directors but has already caused an earthquake in the financial market. The shares of the largest company in the country and the most strategic for the Brazilian state fell by around 20% at midday on Monday on the Sao Paulo stock market. Petrobras has lost about...
    Loading the player... Calvin E. Tyler Jr. and his wife Tina Tyler made history at Morgan State University with their latest financial gift to the Baltimore institution. Read More: Bowie State to be first HBCU to open animation studio The Historically Black University was founded in 1867 and offers more than 126 academic programs leading to degrees from the baccalaureate to the doctorate.  Morgan State University announced on Monday a receipt of a $20 million commitment which increased the endowment at the university in the couple’s name. The gift is the largest private donation from an alumnus in the school’s long history and according to Morgan, believed to be the largest contribution of its kind to any HBCU from an alum. In 2016, the Tyler’s made a $5 million commitment to Morgan State, then the largest in the school’s history. The funding assisted the Calvin and Tina Tyler Endowed Scholarship...
    (CNN)After 17 months and two trips to the US Supreme Court, the Manhattan district attorney's criminal investigation into former President Donald Trump's business has received a significant boost with investigators now able to pour over Trump's tax returns and financial records. The district attorney's office, led by Cyrus Vance, is expected to have access to the records within the next few days, according to people familiar with the matter. Vance's office and Trump's long-time accounting firm Mazars USA, which was subpoenaed for the records, have been in discussions for months about how the documents, mainly in electronic form, would be handed over securely, these people said. Once prosecutors have the tax-related records in hand, they will be able to dig deeper into investigative theories, pursue interviews with key witnesses, and determine whether they believe any state laws have been violated. In addition to the tax returns going back to 2011,...
    HOUSTON (CBSDFW.COM/CNN) — An electricity and gas provider based in Texas, Just Energy, warned that the financial impact of the winter storm that moved through the state could force it out of business. Just Energy said Monday that it could lose about $250 million from Texas’ deep freeze that left millions without power last week. The hit “could be materially adverse to the Company’s liquidity and its ability to continue as a going concern,” it said in a press release. READ MORE: Judge Says Railroad Talks Should Be Included In Lawsuits With US headquarters in Houston, Canada-based Just Energy shares dropped more that 30% in early trading on the Toronto Stock Exchange. The massive spike in energy demand during Texas’ cold snap sent prices soaring. Just Energy noted that Texas energy prices were selling for as much as $9,000 per megawatt hour for much of last week — the cap...
    Former President TrumpDonald TrumpFormer Florida officer arrested after live streaming from inside US Capitol during breach, FBI says Schumer says he's working to find votes to confirm Biden's OMB pick Pence declined invitation to attend CPAC: reports MORE on Monday lashed out after the Supreme Court declined to block the Manhattan District Attorney from obtaining his financial records, blasting the probe as politically motivated and pledging to "fight on." "The Supreme Court never should have let this 'fishing expedition' happen, but they did," Trump said in a statement. "This is something which has never happened to a President before, it is all Democrat-inspired in a totally Democrat location, New York City and State, completely controlled and dominated by a heavily reported enemy of mine, Governor Andrew CuomoAndrew CuomoSunday shows - COVID-19 dominates as grim milestone approaches Psaki sidesteps questions on Cuomo's leadership during pandemic 'Saturday Night Live' targets Cruz, Cuomo MORE."...
    New York (CNN Business)Uncle Sam is in search for a pot of gold that could ease the pain of trillion-dollar deficits. And some believe Wall Street might just have the answer.For more than a decade, progressives have tried and failed to impose a financial transaction tax. But there is new momentum for such a levy as the national debt skyrockets during the pandemic and in the wake of the GameStop trading frenzy that shined a bright light market structure concerns.The White House told CNN Business on Sunday that a financial transaction tax on GameStop-like trading deserves additional study and can be part of a greater evaluation of such a tax for revenue and market stability. The leading proposal amounts to a $1 tax on every $1,000 of transactions. The proposed fee is so puny that no reasonable retail investor would ever notice it." Better Markets CEO Dennis KelleherBut there is...
    The new season of The Trump Show starts now. The Supreme Court, in an unsigned order, Monday allowed the Manhattan District Attorney to obtain Donald Trump’s tax returns and other financial documents for a grand jury investigation into hush-money payments, tax fraud, insurance fraud, and falsification of business records. Barring any post-final, final-final, but-really-final-this-time challenges from Trump’s lawyers, they could be turned over by his accountants, Mazars USA, this week. And so it begins. Trump’s post-presidency promises to be a cascade of humiliating episodes: financial disclosures, embarrassing personal revelations, additionally damning evidence of conspiracy-mongering and insurrection-stoking, possibly even bankruptcy and criminal prosecution. Yes, maybe even jail time. Trump’s legal troubles will make Cersei’s walk of shame look like a warm Sunday in the park.READ THIS LIST Covid-19 Cheat Sheet Politics Entertainment Media Royalist World Half Full U.S. News Scouted Travel Beast Inside Crossword Newsletters About Contact...
    By David French and Anirban Sen (Reuters) - Alkami Technology has chosen Goldman Sachs Group Inc to lead preparations for a planned initial public offering of the U.S. banking software provider later this year that may value it at $3 billion, people familiar with the matter said on Monday. Backed by investors including General Atlantic, D1 Capital Partners and Fidelity Management and Research Company, the Plano, Texas-based firm supplies cloud-based platforms that banks and credit unions can use to set up digital offerings for their retail and business customers. The IPO plans come as the COVID-19 pandemic has highlighted how financial services companies need secure and effective digital platforms. Smaller banks typically do not have the resources to invest in developing such systems internally, and instead turn to third-party providers such as Alkami. Around 160 financial institutions are using their services, according to Alkami's website. The sources requested anonymity as...
    New York (CNN Business)Electricity and gas provider Just Energy warned that the financial impact of the Texas winter storms could force it out of business. Just Energy said Monday that it could lose about $250 million from Texas' deep freeze that left millions without power last week. The hit "could be materially adverse to the Company's liquidity and its ability to continue as a going concern," it said in a press release.Canada-based Just Energy (JE) shares dropped more that 30% in early trading on the Toronto Stock Exchange. The massive spike in energy demand during Texas' cold snap sent prices soaring. Just Energy noted that Texas energy prices were selling for as much as $9,000 per megawatt hour for much of last week -- the cap Texas' energy regulator imposed on the market. Prices had been around $50 a megawatt hour prior to the storm, according to Ercot, Texas' electrical...
    More than six months after the outbreak of protests in Belarus, Belarusian leader Aleksandr Lukashenko and his Russian counterpart Vladimir Putin stressed the close cooperation between the two countries. “Not a day goes by without our colleagues talking to each other and solving problems,” Putin said during a meeting in the Russian city of Sochi. After the meeting, which lasted about an hour, the two heads of state met on skis. On the sidelines of the meeting, Vladimir Putin announced, among other things, new deliveries to Belarus of the Russian vaccine against Covid, Sputnik V. “We must combine our efforts, also with our European colleagues”, he declared. Alexander Lukashenko, in turn, said his country wanted to develop its own vaccine by the fall. The last time the two leaders met was in September. This meeting had also taken place in Sochi. At the time, Putin had promised his neighbor...
    The Supreme Court on Monday denied former President Donald Trump's bid to keep prosecutors from obtaining his financial records, clearing the way for a New York grand jury to review his tax returns in secret. [ READ: Justices Toss Trump Emoluments Cases ]The brief, unsigned action is a severe blow to Trump, whose extraordinary battle to keep his financial records secret has already landed in front of the high court once before. Manhattan District Attorney Cyrus Vance Jr. has been seeking Trump's tax records since 2019 as part of an ongoing investigation into Trump's finances. As part of that investigation, Vance subpoenaed the Mazars accounting firm, which has handled financial business for Trump and his companies. The firm said it would comply, but Trump sued to block the release of the records. Cartoons on President Donald TrumpView All 1113 ImagesThe Supreme Court action Monday denied Trump's request for a stay in...
    New York : Former President Trump will have to submit his tax and financial reports. Photo: Drew Angerer / . The Supreme Court delivered a terrible defeat for the former president Donald trump by allowing the Manhattan prosecutor, Cyrus Vance, get the Republican’s tax and financial reports. The ministers of the High Court had already ruled for prosecutor Vance to move forward with his investigations against the former president, but had left the door open for new lawsuits in court. This Monday they denied the motion of the former president’s lawyers. The prosecutor Vance’s office, however, will not be able to release the documents, as the records will be subject to secrecy rules, for the grand jury only. Last October, the Second Circuit Court of Appeals ordered former President Trump’s accounting firm to turn over tax reports and financial records to prosecutors in New York,...
    The Supreme Court of the United States on Monday, Feb. 22, denied Donald Trump a stay in Manhattan District Attorney Cy Vance’s case for the former president’s financial records. Vance’s criminal investigation into Trump and his private business will continue on: This is a developing story. [Images via SAUL LOEB/AFP/ Getty Images, ANDREW CABALLERO-REYNOLDS /AFP/ Getty Images] Have a tip we should know? [email protected]
    Tetra Images | Tetra images | Getty Images A few years ago, I had a client tell me he invested in a fancy bowling alley — the new party hot spot in town. It's since shut down. Another client shared that he joined the board of a start-up and they're looking to raise capital. He wants to figure out the right dollar amount to invest. High-net-worth investors are approached often to put their money into a private company looking to grow. The offers come in all shapes and sizes: Small companies need capital to expand, start-ups often need several rounds of financing, and friends or family members with a "Shark Tank" type idea want to make a run at creating their dream. These investment ideas often sound exciting and exclusive and seem to hold the potential for much higher returns than a traditional stocks-and-bonds portfolio. So how do you determine...
    Governments hate Bitcoin. In fact, several countries, including China with the world’s second largest economy, prohibit its use for transactions in their country or banking systems. While the U.S. government has not joined the ranks of nations banning Bitcoin, it has made clear in recent years that it does not like the so-called “cryptocurrency.” Why is Bitcoin, the most well-known cryptocurrency or “convertible virtual currency” (CVC), so disliked by government? Uncle Sam and his counterparts in many other countries dislike such digital currency for the simple reason it is virtually impossible to control; and if there is one thing any government loves above all else, it is control. In a move designed to gain at least some measure of control over Bitcoin and other cryptocurrencies, the Treasury Department is proposing a federal regulation that would require banks and other “money service businesses” (MSBs) to file reports with the Financial Crimes...
    VIDEO1:0501:05Stocks set to slide at openMorning Report Take a look at some of the biggest movers in the premarket: Dish Networks (DISH) – The satellite TV provider rose 3.2% in premarket trading after it reported quarterly earnings of $1.24 per share, well above the consensus estimate of 75 cents a share. Revenue came in above estimates as well. Dish lost a net 133,000 pay-TV subscribers during the quarter, compared to a drop of 194,000 a year earlier. Boeing (BA) – Boeing shares fell 3.2% in the premarket after an engine failed on a United Airlines (UAL) Boeing 777 jet. U.S. regulators have ordered inspections of jets using the same Pratt & Whitney engine that failed on the United flight, and Boeing has recommended airlines suspend using those jets until inspections can be completed. Cooper Tire (CTB) – Cooper Tire shares jumped 13.1%, following news that it had agreed to be...
    A woman uses a Bitcoin ATM machine placed within a safety cage on January 29, 2021 in Barcelona, Spain.Cesc Maymo | Getty Images Bitcoin is an "economic side show" and fintech innovation is the story that will dominate financial services, according to JPMorgan. Analysts at the bank said that, despite bitcoin's monster rally, the cryptocurrency is still beset by a number of issues that may prevent it from becoming a mainstream asset. "Bitcoin prices have continued their meteoric rise with Tesla, BNY Mellon and Mastercard's announcements of greater acceptance of cryptocurrencies," JPMorgan said in a research note last week. "But fintech innovation and increased demand for digital services are the real Covid-19 story with the rise of online start-ups and expansion of digital platforms into credit and payments." Bitcoin has gained traction with major Wall Street banks and Fortune 500 companies, a development which has boosted its price and saw...
    Pessimism is prevalent among the self-employed and the youngest, the groups that the economic crisis caused by the pandemic is affecting the most, judging by the perception they have about their current situation. Falls in consumption, increases in savings, unemployment or Temporary Employment Regulation Records (ERTE) are some of the reflections of the trail left by Covid-19 in the finances of the Spanish population. About half (46.2%) state that see the worst situation (29.1%) or much worse (17.1%), although for a very similar percentage (45.4%) the progress of their domestic economy has not suffered a significant alteration, according to the data collected in a study prepared by the association of financial users (Asufin). It reflects that students (64%), pensioners (71.2%) and employees (60.1%) are the segments that declare not having noticed a substantial change in your employment situation. On the contrary, 71.2% of workers in ERTE situation they perceive...
    (CNN Business)The White House supports studying the merits of a financial transaction tax — a move favored by progressives and despised by Wall Street — in the wake of the GameStop trading frenzy.The GameStop situation highlights the serious issues of investor protection and market integrity, a White House spokesperson told CNN Business on Sunday. The potential impact of a financial transaction tax on GameStop-like trading deserves additional study and can be part of a greater evaluation of such a tax for revenue and market stability, the spokesperson said.Maxine Waters is planning to call multiple hearings on the GameStop frenzySome Democrats have backed a tax on stock trading as a way to raise badly needed revenue and address concerns about the health of financial markets. On Thursday, House Financial Services Chairwoman Maxine Waters said she's "very interested" and "certainly looking at" a financial transaction tax. A 0.1% tax on stock, bond...
    Bermuda tests a local digital dollar as a first step towards the adoption of blockchain-based payments. The Canadian fintech company Bidali, together with the Bermuda government, have launched this pilot project with the intention of accrediting the technology and allowing people to start experimenting with it. At the moment the digital currency of the project only valid for purchase in the Gosling’s Limited store, Bermuda’s most recognized rum brand, celebrating the reopening of its retail liquor store. This company is the largest exporter and the oldest trading house in Bermuda. “We are honored by the opportunity to work with Bidali and the FinTech office on this project. By doing so we contribute to the growth and development of this payment solution, which we believe has the potential to generate efficiencies and significant cost savings, ”Ambrose Gosling, Chief Financial Officer of Gosling’s Limited, told the media. The first phase of the...
    20 startups in the agriculture, renewable energy, hospitality, financial services, creative services, technology, forestry and construction sectors join The Climate Pledge
    Kutxabank has reported that throughout 2020 it significantly reduced the CO2 emissions generated by its corporate activity, so its carbon footprint has a positive balance of 12,384 tons. Since 2018, the bank’s emissions have decreased by 84.3%, a reduction that has intensified throughout 2020 thanks to a contract signed with Iberdrola so that the more than 900 branches in its network and all its work centers use only ‘green’ electricity from the Núñez de Balboa photovoltaic plant. Added to this green supply is the contribution of more than 13,000 tons of CO2 absorbed by the forests owned by the banking group: 971 hectares in Álava, Bizkaia and Gipuzkoa. These forests come from the BBK, Kutxa and Vital excavations, which in most cases became owners due to donations. According to what the financial institution has indicated, the contribution of these forests has allowed to compensate in a very comfortable way...
    Women are bearing a tremendous financial burden during the pandemic, primarily because of leaving the workforce, by choice or by force. The Associated Press spoke with Suze Orman, personal finance expert and author of the podcast Women & Money, about how women can survive and emerge from this period. Responses were edited for length and clarity. Q: A lot of financial advice is focused on savings and investing. But what advice do you have for people who are simply struggling to get by? A: You first have to list everything you spend money on and determine the must-spends. Buying clothes or ordering something on Amazon, those are not a must-spend. Gasoline for a car, food at a grocery store, those are must-spends. List them in terms of priority — shelter and sustenance are the top. Then, look at the must-spends and see what you can...
    Beyond their role as telecommunications operators, there are already several brands that are exploring new business areas. Electricity, health, security, connected home, mobile banking …. These are some of the fields in which companies such as MásMóvil, Orange or Telefónica have entered in recent months. Precisely the first of them, MásMóvil, which already had PepeEnergy within Pepephone and EnergyGo within Yoigo, has launched this week the possibility of requesting personal loans for clients of the latter. This option is included within MoneyGO, one of the four services currently offered by the operator. Let’s review them to find out what each of them offers. MoneyGO: credit card and loans We could say that the financial service offered by Yoigo has more similarities with Movistar Money than Orange Bank. Under the MoneyGO brand, and through its financial credit institution Xfera Consumer Finance, EFC. S.A., the operator of the MásMóvil Group offers...
    The swift rise and disastrous fall of Andrew Cuomo, Americas wannabe Covid hero 7 Republicans vote guilty, but Senate acquits Trump in attack on Capitol Democrats have long been conflicted over financial technology companies like online lenders, praising the flashy upstarts for their ability to help lower-income Americans build wealth yet wary of the risks they pose to unsuspecting consumers. © Photo illustration by Justin Sullivan/Getty Images In this photo illustration, the Robinhood logo is displayed on an iPhone on December 17, 2020 in San Anselmo, California. But the episode with Robinhood Financial — where armies of small investors used the internet brokerage’s app to pump up GameStop's stock until Robinhood halted their purchases — has unearthed a growing sentiment on the left: “Fintech” is just a fancy word for everything they already hate about finance. As the Biden administration begins to take control of the government’s regulatory machine,...
    BLACKBURN’S owners are hoping to sell the club’s training ground in a £20million deal to balance the books. The Venky’s have submitted plans to the local council to build 170 houses at their Brockhall HQ. PA:Press Association 1 Tony Mowbray’s Blackburn side currently sit 12th in the Championship table It would bring in cash for the Lancashire club who have been making heavy losses in recent years as they learn to live outside the top-flight. Venky’s have just written a £7m cheque to bolster Rovers during the current troubling financial crisis and expect to have to find more to cover wages this year. Selling Brockhall, their base since the Jack Walker era, will not go down well with fans but there are few options when it comes to raising cash. Rovers have their ‘old’ training ground in the area which is still being used and could accommodate both the...
    Ron DeSantis on Rush Limbaugh: Governor will order flags flown at half-staff to honor controversial radio host Facebook removed the main page of Myanmar military as protests continue following a military coup Unique Tip If Your Car Has Automatic Headlights Ad Microsoft Full screen 1/7 SLIDES © Foxy burrow / Shutterstock.com 6 Simple Tips for Retirement Investing This story originally appeared on NewRetirement. We all know that we need to save for retirement, but that is hard. However, it might be even harder to figure out how to invest for retirement. Investing requires some level of expertise and a way of thinking about money that is not innate for most people. Furthermore, the way you need to think about investing definitely changes as you age. How to invest for retirement is a...
    Normally, banks are eager for customers to contribute more and more money to their entities. But now, in the United States, the opposite is happening: banks don’t want more money. As the BBC reports in a report, JPMorgan Chase, the main US bank, has asked its clients, specifically the firms that contribute the most, to transfer funds to other entities, to reduce its deposit base to 200,000 million dollars. “The largest banks in the country they are flooded with money, to the point that some have started rejecting deposits and we could see that others start to do so as well, “he told the BBC. Nathan Stovall, an expert on the US financial system at S&P Global. “It is an unprecedented situation. We have never experienced anything like this. We are experiencing a liquidity crisis in reverse. Normally, when there is a recession, cash becomes a precious commodity and...
    The GameStop Bubble and the Capitol Hill Show  On January 1, the stock price of the bricks-and-mortar video game retailer GameStop (stock symbol: GME) was idling at less than $19 a share. Then the stock swelled into a giant bubble, becoming for a time the most traded stock on the planet and reaching, on January 28, an interday high of $483, an increase of more than 2,500 percent. Then the stock fell back to earth again, closing at a mere $40 on February 19. Along the way, the GameStop parabola received enormous attention, as accusations flew about market manipulation. And so it was inevitable that Congress would get involved.  That involvement came big time on February 18, when the House Financial Services Committee, chaired by Rep. Maxine Waters (D-CA), convened a hearing, given a showy title in advance: “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.”...
    President Biden’s pick for surgeon general, Vivek MurthyVivek MurthyBiden raises hopes for new course to jump-start rapid COVID-19 tests House Democrat calls for demographic breakdown on COVID-19 vaccines Bill and Melinda Gates warn pandemic could unleash 'immunity inequality' MORE, was paid more than $2 million last year in coronavirus-related consultations and fees for speaking engagements, according to ethics documents filed this month obtained by The Washington Post.  According to the financial disclosures, Murthy received hundreds of thousands of dollars each in consulting fees from companies like Netflix, Airbnb and Carnival Cruise Line.  Murthy, who previously served as surgeon general under former President Obama, also received thousands of dollars from speaking engagements last year at various universities and corporations across the country, according to the documents.  The report on Murthy’s finances comes as he is scheduled to appear at a Thursday Senate confirmation hearing.  Following his financial disclosures, public health actors...
    The COVID-19 pandemic has made Americans more cautious about taking financial risks, according to a new survey.  The website FinanceBuzz surveyed 1,000 adults, including half of whom had either tested positive for the virus or had a family member who tested positive, to determine how financial behaviors were affected. According to the survey: 48% of respondents said the COVID-19 pandemic has made them less likely to take financial risks. 1 in 5 said they are more likely to take financial risks. 48% said visiting a grocery store without wearing a mask is "extremely risky," but 24% saw investing in Bitcoin as being risky.  60% said its "extremely risky" to drive without car insurance; 48% said the same of not having health insurance, and 34% considered flying during the pandemic to be extremely risky.  Just 1 in 5 said they increased their life insurance coverage, but with people testing positive...
    Five skills you need to achieve your financial goals. February 20, 2021 3 min read Opinions expressed by Entrepreneur contributors are their own. As we step into 2021, we are better understanding that our financial goals mean more than just freedom … it means security. Meeting our goals can give us the peace of mind we are looking for in trying times. In a revealing survey conducted by OnePoll on behalf of WSFS Bank, 40% of Americans under the age of 40 aren’t optimistic they’ll succeed in their financial goals with 43% adding they frequently have trouble paying everyday living expenses while 19% claimed it happens to them “constantly.” I recently had the opportunity to speak with business coach Derek Moneyberg, (yes, that’s his name) and the self-made mogul shared a few simple pointers on improving financial health and taking control of...
    A little music often comes up in the media: shareholders demand 15% profitability, that’s too much. Oddly enough, this belief has never been the subject of scrutiny by the academic community. This is what we undertook with Michel Albouy in an article recently published in the journal Finance Contrôle Stratégie. Asking the question of shareholders’ objectives is legitimate, especially at a time when environmental issues are crucial. But giving the wrong answer to a good question has rarely advanced science and society, and recent news shows us that “alternative” truths can influence social behavior. We show that the supposed requirement of 15% profitability is not confirmed, then we show how this belief has spread in France since the 1990s under the influence of opinion leaders and the media of reference. We explain its appearance by the economic and institutional context of the 1990s (liberalization of financial markets, massive influx of...
    Former surgeon general urges better COVID outreach to rural U.S. Report: UN report says Erik Prince violated arms embargo against Libya Unique Tip If Your Car Has Automatic Headlights Ad Microsoft The Best Flashlight We've Ever Tested Ad Microsoft Expert: “This credit card is so good I signed up personally” Ad Microsoft Full screen 1/27 SLIDES © Sergey Nivens / Shutterstock.com 26 States That Won’t Tax Your Social Security This Year When trying to figure out where to retire, one consideration is how much of your income will...
    Families and companies have many alternatives to obtain loans, some work quickly and may even be pre-authorized. Ideally, you should not resort to loans, but instead you need to have a considerable amount of money saved. If you do not have that savings and you have to supplement it with a loan, try to comply with the commitment that you establish with the bank or financial institution. If you applied for a loan from a bank or financial institution, and then you cannot pay it back, it is key that you assume a responsible attitude and face it. Eliminate unnecessary expenses like eating out, get up to use the public transpose, Photo: Pixabay. 1. The importance of the budget If you organize your budget before requesting the loan, you can detect problems, if they exist, so that you make the timely payment of your debts. Then identify the...
    Almost half of the Spanish population has requested some type of financial aid in the last six months due to the coronavirus pandemic, as reflected in the ‘I Study on the financial situation left by Covid-19’ produced by To its end. Specifically, the 48.9% of respondents has requested some type of financial assistance to face the current situation, either by using credit cards (12.3%), requesting a loan (5.3%), resorting to the Public Administration (2.9%) or with the help of family and friends (23.3%). The study shows differences regarding the employment situation of the respondents, highlighting that 72.3% of the self-employed declares to have asked for some kind of help, in contrast to the pensioners (less than 25%). On the other hand, Asufin has appreciated a “clear tightening “of the conditions in granting loans by the banks, since only 60.4% have been granted it without problems (compared to the usual...
    United probing Cruz flight data leak Pakistan zoo begins mammoth makeover after lonely elephants departure © NurPhoto/Getty Images Tesla announced in February that it had bought $1.5 billion of bitcoin NurPhoto/Getty Images A survey showed that 84% of company finance executives said they'll never hold bitcoin. The bitcoin price jumped to an all-time high of above $51,700 on Wednesday. Chief financial officers remain concerned about the cryptocurrency's volatility. Visit the Business section of Insider for more stories. Corporate finance executives do not plan to copy Tesla and invest in bitcoin, a new survey has shown, with 84% saying they did not ever foresee holding the world's biggest cryptocurrency. Load Error Only 5% of finance executives said they planned to buy bitcoin this year, according to a Gartner survey which polled 77 finance executives, including 50 chief financial officers. The digital currency soared to a record high...
    Hong Kong (CNN Business)Jack Ma's Ant Group quickly became one of China's most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day.Now it appears to be turning into the kind of highly regulated Chinese bank that it hoped to supplant.Months after the company's blockbuster initial public offering was shelved at the last minute — a move that appears to have been sparked by Ma's criticism of Chinese regulators — several media outlets have reported that Ant has agreed with authorities to become a financial holding company.Ant declined to comment on those reports earlier this month, and the details of any potential agreement were not immediately clear. The company did not respond this week to additional questions about any deal with authorities. But the reports suggest that the Alibaba-affiliated company may now have to follow rules similar to those...
    HOUSTON, Texas -- Houston native Beyoncé's BeyGOOD initiative has closed applications due to the "overwhelming response" from those in need of help following the extreme winter storm.Originally, the singer, along with Adidas and a Houston disaster relief organization, teamed up to provide urgent relief to those in need.Before the application was closed on Friday, Beyoncé's publicist said there were more than 130,000 people who sent in submissions to the website within the first 24 hours.Through the non-profit group "Bread of Life," they promised to provide "one-time financial assistance to those who have experienced a non-recurring, sudden or emergency-related financial hardship" due to the winter storm.Texans and people in other states affected by the storms were encouraged to apply using a Disaster Relief Assistance Application Form for up to $1,000.Now, the website reads:Thank you for contacting us. Due to the overwhelming response, emphasizing the tremendous need, the first round of applications...
    HOUSTON, Texas -- Houston native Beyoncé is stepping up to help thousands of people impacted by the extreme winter storm that caused colossal damage across the U.S.The singer's BeyGOOD initiative is teaming up with Adidas and a Houston disaster relief organization to provide urgent relief to those in need. So far, there have been more than 130,000 people who have completed applications on the website in less than 24 hours.Through the non-profit group "Bread of Life," they will provide "one-time financial assistance to those who have experienced a non-recurring, sudden or emergency-related financial hardship" due to the winter storm. Visit @BreadoflifeH for more information on assistance.We send our prayers to those impacted by the winter storm. pic.twitter.com/Tqpf7kxmij— BeyGOOD (@BeyGood) February 19, 2021Texans and people in other states affected by the storms are able to apply using their Disaster Relief Assistance Application Form for up to $1,000.You can also apply for...
    SACRAMENTO (CBS13) – A Sacramento man is accused of attempting to provide financial support to a foreign terrorist organization, the United States Department of Justice announced on Friday. A federal grand jury on Thursday returned a single-count indictment against Murat Kurashev, 34, who is also a Russian national, according to Attorney McGregor W. Scott of the DOJ’s Eastern District of California. Kurashev allegedly tried to provide financial support to terrorist organization Hayat Tahrir al-Sham, which is based in Syria. Kurashev was arrested by FBI agents and awaits his next court appearance. If convicted, he faces up to 20 years in prison and $250,000 in fines. More from CBS Sacramento: ‘Something’s Not Right’: Sex Offenders Go Unnoticed Due To Address Glitch On Megan’s Law Website Kids Who Lived With Roman Lopez Find Solace With Michigan Family School Board Members Say They Were Targeted At Home Over Distance...
    Loading the player... Omarosa Manigault Newman is still facing a lawsuit with the Justice Department. All eyes were on the former White House aide after she spoke out against Donald Trump and the White House, post her abrupt firing in 2017. Her legal troubles are due to her failure to file a required financial disclosure, per Politico. Manigault Newman is being asked to pay $61,585 for failing to file financial disclosure records. U.S. District Court Judge Richard Leon is presiding over the case. Omarosa Manigault-Newman (Drew Angerer/Getty Images) Read More: Omarosa says Trump is having a ‘psychotic episode’ over election loss “She…made no attempt to file any Termination Report before September 2019, more than a year and a half after it was due and after this litigation was commenced,” wrote DOJ lawyers in a brief filed Thursday. “Then, following that submission—in which only half the required fields were...
    U.S. President Joe Biden announced Friday a $4 billion pledge to a global campaign to bolster the distribution of COVID-19 vaccines to poor countries.   At his first meeting as president with world leaders at the Munich Security Conference, Biden announced financial support for COVAX, a coalition tasked with distributing vaccines to low- and middle-income countries.  “Even as we fight to get out of the teeth of this pandemic, a resurgence of Ebola in Africa is a stark reminder that we must simultaneously work to finally finance health security, strengthen global health systems, and create early warning systems to prevent, detect and respond to future biological threats because they will keep coming,” Biden said at the virtual meeting.    President Joe Biden participates in a virtual event with the Munich Security Conference in the East Room of the White House, Feb. 19, 2021.Biden pledged $2 billion that will fund...
    Beyonce’s foundation has teamed up with Adidas and a disaster relief group in Houston to offer financial aid to those in Texas affected by the shock winter storm. “We send our prayers to those impacted by the winter storm,” said a tweet posted by BeyGOOD, the 39-year-old singer’s foundation. The post was noted by People magazine in a piece published Thursday. (RELATED: Houston Furniture Store Opens Its Doors For Shelter After Deadly Winter Storm)   View this post on Instagram   A post shared by People Magazine (@people) “BeyGOOD and Adidas are working with Bread of Life to bring urgent relief to those suffering as a result of the winter storms, the post added. (RELATED: Volunteers Rescue 4,000 Cold-Stunned Sea Turtles, Store Them In Texas Town’s Convention Center) Visit @BreadoflifeH for more information on assistance. We send our prayers to those impacted by the winter storm. pic.twitter.com/Tqpf7kxmij — BeyGOOD...
    The announcement of thecamp’s financial recapitalization came almost unexpectedly. If it was no secret that thecamp was not doing well, it’s hard to know all the ins and outs. We now know that after a first phase of cost rationalization, orchestrated by Patrice Ceccaldi, the managing director, a year ago, thecamp was faced, like all companies and economic players, with the consequences of the health crisis. What further weaken an already tense situation. The financial recapitalization was carried out by one of the historical partners and co-founders, Crédit Agricole Alpes Provence, which led the renegotiation with the other partners, including CDC, the real estate company of Caisse d’Epargne Cepac, BNP Paribas and CIC. And if the Crédit Agricole Provence Alpes puts back to the pot – up to … Follow La Tribune Every day in your newsletter, receive economic news from your region
    Texas was hit with a deadly winter storm this week and millions of residents were left without power in freezing temperatures. Hollywood has banded together -- along with politicians -- to help raises funds and provide relief as communities struggle to find food, water, and shelter. Houston-native Beyonce is providing financial assistance. Her foundation, BeyGOOD, and sports clothing brand Adidas have teamed up with Houston's Bread of Life to help feed people in need. "We send our prayers to those impacted by the winter storm," a tweet posted by the BeyGOOD organization said.  LIVE UPDATES: TEXAS WATER ISSUES CONTINUE DESPITE ELECTRICITY BEING RESTORED Austin resident Matthew McConaughey tweeted, "I am sending prayers of resilience and the humanity of the helping hand out to all Texans that are struggling with the freeze." "I have reached out to help @mealsonwheels, @AAULTX, @BGCAustin," the actor added. " For more information on resources, how you can help or to donate tap the...
    When it comes to financial wellness, end-of-life planning is a critical component of an airtight plan. And in today’s complex environment, it’s never been more important to consider the future of your finances. When you’re no longer able to manage them, how do you want your finances supervised and distributed? It’s a difficult question, but an important one to consider. Generational meetings are a beneficial tool for ensuring your wishes are adhered to in the event of your passing. In a generational meeting, your financial adviser will sit down with you and one or two generations of your family members to discuss your assets and desires. These meetings help you and your loved ones prepare for the unexpected and smoothly handle financial transactions well into the future. Here are three key reasons to consider setting up a generational meeting: 1. Ensures there’s a plan in place when the...
    It was a complex exercise for Renault management. While the group is trying to initiate a new internal dynamic around an exciting and unifying project, the publication of financial results for the 2020 financial year reminded us of the highly critical situation of the French automotive group. Historical losses In 2020, Renault recorded sales down 22% to 43.5 billion euros (-18% at constant exchange rates). The operating result fell into negative territory at 2 billion in losses, against 2 billion in profit in 2019. More spectacularly, the net result stands at the historic level of 8 billion euros in losses. Read also: Luca de Meo’s method to bury Carlos Ghosn’s Renault But for Renault, the health crisis had inevitable effects on a … Follow La Tribune Share economic information, receive our newsletters
    Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018. David A. Grogan | CNBC Citadel CEO Ken Griffin said Friday that he doesn't spend much time thinking about bitcoin or other cryptocurrencies. "I just don't spend much time thinking about cryptocurrencies ... I don't see the economic underpinning of cryptocurrencies. I understand how to value a stock -- the net present value of earnings -- I understand how to think about currency exchange rates around the world," Griffin said to Andrew Ross Sorkin on CNBC's "Squawk Box." "I don't know how to think about what is effectively a digital token." Bitcoin has soared in recent months, boosted in part by adoption from major financial institutions, investors and companies, including Tesla. Citadel's market making arm handles about 40% of the daily retail trading in the United States, making it one of the biggest companies involved...
    Mother Jones illustration; University of Michigan; Wikimedia Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.Two years after the 2008 financial crisis, a government commission began releasing their findings on the causes of the worst economic downturn in nearly a century. In 19 public hearings and through 663 pages of text, the investigators faulted an array of players, including financial institutions and multiple presidential administrations. But a major focus of blame fell on the government regulators that had allowed mortgage-lending standards to collapse, leading to the financial ruin of major banks and hundreds of thousands of households. One such regulator was the Office of the Comptroller of the Currency, a little-known federal office charged with supervising nationally chartered banks. The commission concluded the OCC had spent years protecting its authority by working to quash state...
    These Family Board Games Will Make Hanging Out Together the Best Part of the Week Geoghegan Hart to sponsor youth rider to boost diversity © Provided by People Kevin Winter/Getty Images Beyoncé's BeyGOOD Foundation, Adidas and Houston disaster relief organization Bread of Life teamed up to provide relief to Texans in need amid Winter Storm Uri. Texas residents and people in states affected by the storms are able to apply using their Disaster Relief Assistance Application Form for up to $1,000.  People can also donate to Bread of Life to provide further assistance to those in need. "We send our prayers to those impacted by the winter storm," a tweet posted by BeyGOOD said.  Visit @BreadoflifeH for more information on assistance. We send our prayers to those impacted by the winter storm. pic.twitter.com/Tqpf7kxmij— BeyGOOD (@BeyGood) February 19, 2021 © Kevin Winter/Getty Images The singer’s BeyGOOD Foundation, Adidas and Houston's...
    Texas storm: Nearly half of Texans remain under boil-water advisories as water scarcity and freezing temps continue Judges order 2-month delay in case to compel McGahn testimony to House Best & Worst Refinance Mortgage Companies of 2021 Ad Microsoft These Unsold Jeep Grand Cherokees Are Now Dirt Cheap Ad Microsoft Cash back card wipes out interest until mid-2022 Ad Microsoft Full screen 1/18 SLIDES © fstop123/istockphoto Operating Solo The days and weeks after the loss of a spouse can be overwhelming, a time filled with grief, confusion, and uncertainty about the future. It's also a time when it's easy to make mistakes that have long lasting...
    Our expert will analyze those stocks and indices that you wonder about the most throughout the morning. Ask your questions about both national and international values ​​and we will offer you our vision. Technical analysis NO SIGNAL Do you have questions about the technical aspect of any of the securities in your portfolio? Do you want to know if it is time to add positions in the market or reduce risk? Do you have a value in mind to position yourself in the next few days? Our technical analyst Jose Maria Rodriguez (Web Financial Group) is happy to answer the most frequently asked questions. Write your query to the following email ([email protected]) and throughout the day we will proceed to post an article with the analyzes that are most in demand or that enjoy the greatest interest based on the current market situation. Bolsamania Note: Investment decision making must be...
    All it took was a virus to destabilize – I think irreparably – the structure which is likely to implode as soon as the liquidity carpet generated by central banks is removed. Obviously, no one is ever really ready for such exogenous shocks. However, the generalized guilty unconsciousness of the last twenty years, this unbearable lure of profit that drives us to always dance on an erupting volcano – and to enjoy it! – only accelerate the disintegration of the system, in a general context where both society and its leaders are anything but ready for the coming debacle. Hope nothing, no, from the States Who will be able to do anything, moreover, when the stock markets collapse by 50 to 60%, when credit will be strictly rationed, when unemployment reaches historic levels, and this while the effects of central bank stimuli – for example? provisional definition – will...
    Industrial remodeling in sight at Airbus. The European aircraft manufacturer is working on the implementation of a new industrial system. Guillaume Faury, Chief Executive Officer of Airbus, mentioned it this Thursday, during the publication of the financial results for fiscal year 2020. The theme “Preparing the industrial ecosystem for the recovery of the market” indeed appeared at the top of the list of “priorities” for the year presented to financial analysts. “We are working to strengthen our industrial tool to prepare for our short and long term future. We must continue to transform our industrial value chain to rationalize and simplify it in order to improve … Follow La Tribune Share economic information, receive our newsletters
    Dear Quentin, My boyfriend of 10 years and I became acquainted because I was his tenant. He is 25 years my senior. I agreed to continue to pay rent because he told me that I would get the house when he died. To be fair, I also was not going to be able to move because the rents in my area began to skyrocket, and as a young single mother I wanted to work part-time so that I could care for my (then) young son. In the years that followed, we started two businesses together using the property that he owns. One was a short-term rental in a unit of the duplex house that we live in, and the other was a theater. Both were very popular. However, I did a lot of unpaid labor to get the businesses started as well as day to day operations. I did make...
    Financial Institutions Must Start Considering Climate Risks: Fed’s Brainard
    A survey conducted by the consulting firm Gartner found that the majority of finance executives do not plan to acquire bitcoin as a corporate asset in the course of 2021. In an article published on its blog on February 16, the firm presented the results of the survey of 77 finance executives in the first days of this month, including 50 directors of financial companies. Although he did not give names or mention the places where he applied the questionnaire. The results show that, of the total number of respondents, only 5% said they planned to hold bitcoin as an asset, while 84% assured that they do not plan to include the pioneer cryptocurrency as a corporate asset in the short term. According to Gartner data, the majority of the group interested in bitcoin plans to acquire it in the next few years. Even 16% of respondents willing to adopt...