China’s real estate sector has to be “substantially smaller” to keep the overall economy healthy and stable, said a top expert on the Chinese housing market. “We have too big of a risk in the sector. We built too much housing, so the stabilization first has to come [from] trimming the sector,” Li Gan, an
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In oral argument before a federal appeals court, the Securities Industry and Financial Markets Association contended that a Securities and Exchange Commission temporary exemption for municipal advisors during the height of the pandemic, was “arbitrary and capricious and unsupported by substantial evidence.” Making SIFMA’s case before the U.S. Court of Appeals for the D.C. Circuit
During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in stablecoins but the top five collectively represent 94.40% of that total. While the largest stablecoin in terms of market cap increased by 2% over the
The Internal Revenue Service has moved to mandatory electronic filing of its Form 8038-CP, its form for returning credit payments to issuers of qualified bonds. That and a number of other developments were announced during the IRS update as part of the Government Finance Officers Association’s 3rd annual MiniMuni conference. “The IRS is moving to
The EU has been warned not to delay the next phase of global banking rules, as draft plans show that Brussels is suggesting giving European banks a two-year extension to an internationally agreed deadline. Carolyn Rogers, secretary-general of the Basel Committee for Banking Supervision, said the new rules were “a really important final chapter” in
Shiba Inu (SHIB), a spin-off to Dogecoin (DOGE) token, reached an all-time high following a price surge of more than 46% in just two days. The SHIB/USD trading pair was valued highest at $0.00003941 during press time. The latest price jump of SHIB token is attributed to an ongoing bullish trend from Oct. 15, which
An interview with Shaq and review of WTER.
In this article SWX Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Company: Southwest Gas Holdings (SWX) Business: Southwest Gas Holdings purchases, distributes, and transports natural gas in Arizona, Nevada and California. The company operates in two segments, Natural Gas Operations and Utility Infrastructure Services.
In this article FB DWAC MRNA SNAP Getty Images Check out the companies making headlines in midday trading. Snap – Snap shares plummeted by more than 24% after it reported its quarterly results, which included a revenue miss as well as an earnings beat. The social media company said its advertising business declined due to Apple’s
A new report shared by Google’s Threat Analysis Group (TAG) highlights an ongoing phishing campaign against YouTube creators, typically resulting in the compromise and sale of channels for broadcasting cryptocurrency scams. The TAG attributes the attacks to a group of hackers recruited in a Russian-speaking forum, who hack the creator’s channel by offering fake collaboration
Here’s a fast pass to joining the ranks of the landed gentry. An expansive hunting property has come on the market in the Loire area of central France for 1.85 million euros or about US $2.14 million. Encompassing 76 hectares, or 188 acres, more than half the property is meadowland that can be leased out
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Sales of previously owned homes increased 7% to a seasonally adjusted annualized rate of 6.29 million units in September, according to the National Association of Realtors. The organization’s chief economist, Lawrence Yun pointed to a brief
Chicago Mayor Lori Lightfoot’s $4.4 billion 2022 bonding package heads to the City Council for a vote next week after surviving a backlash over the lack of ward-by-ward specifics about how the city would spend $660 million of recovery plan borrowing. The bonding package, along with a $1.7 billion property tax levy that’s up $76.5
Just a few days after reports emerged that it had refused to process a company registration application by Flint API limited, the Nigerian agency Corporate Affairs Commission (CAC) has now registered the blockchain start-up. The agency however blames an unnamed employee for the failure to process the application. The CAC’s About-turn According to a report,
Municipals ended Friday steady after a week of increased selling pressure that moved yields and ratios higher. Triple-A benchmark yields were left unchanged across the curve. U.S. Treasuries pared back overnight trading losses to end the week better. Barclays strategists Mikhail Foux, Clare Pickering and Mayur Patel said as Treasury yields have moved higher over
Saudi Arabia has pledged to cut carbon emissions to net zero by 2060, while also maintaining its role as a leading producer of oil and gas, Crown Prince Mohammed bin Salman said in a speech on Saturday. The announcement comes just days before the opening of the COP26 climate summit in Glasgow and the G20
In this article GSBD A trader works on the floor of the New York Stock Exchange (NYSE) in New York, Sept. 20, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs just closed its second billion-dollar blank-check deal ever as the Wall Street firm seeks to change the struggling SPAC market by building a
Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Wednesday, Aug. 11, 2021. Michael Nagle | Bloomberg | Getty Images An earnings avalanche is coming in the week ahead that could put the stock market’s recent gains to the test. Apple, Microsoft, Alphabet, Facebook and Amazon — the biggest
If you haven’t heard of the Sheats-Goldstein Mansion, you’ve probably seen it. This incredible piece of real estate has been featured on television, in commercials, and in movies including The Big Lebowski, Charlie’s Angels: Full Throttle, and most recently Space Jam 2. Located in the Beverly Crest neighborhood in Los Angeles, a stone’s throw from Beverly Hills, it is
In this article BAC andresr/Getty Images Even as prices for homes soar, the American Dream of owning a home is still alive and well. Yet that can be a high hurdle for first-time home buyers to reach. New data from the National Association of Realtors shows sales of previously owned homes rose by 7% in