Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims that it is assessing each impacted user for reimbursement. This
In this article KEYS EL XPEV 9868-HK NVDA ROST BLBD STRA Follow your favorite stocksCREATE FREE ACCOUNT XPeng delivered over 60,000 of its flagship P7 electric sedans in 2021. XPeng, Inc. Check out the companies making headlines in midday trading. Strategic Education — The education stock advanced 3% following an upgrade to buy from neutral
Once you’ve found a property and have a vision for how you could add value to it, you’ll need to present your case to potential investors. If you’re working with a partner for this step, you’ll both be reaching out to a network that likely consists of family and friends. Ideally, you’ll have started sharing
Aerial photo shows a rural residential area in Chengdong town of Hai ‘an City, East China’s Jiangsu Province, April 1, 2023. Future Publishing | Future Publishing | Getty Images China’s real estate troubles are accelerating. Prospective home buyers are holding back on making purchases, leading to weak sales that compound the urgent need for policymakers
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Bondholder-sympathetic Puerto Rico Oversight Board Member Justin Peterson resigned Friday afternoon in protest of the impending Puerto Rico Electric Power Authority plan of adjustment. Peterson announced his resignation on Twitter. The board says it will submit the proposed plan on Aug. 25. “To be clear, I’ve decided to resign because I do not wish to
The Bitcoin (BTC) and Ether (ETH) price slump on Aug .18 saw the top two cryptocurrencies fall to a 2-month low and triggered a series of liquidations for thousands of derivative traders. The crypto bloodbath led to billions of dollars worth of hedged positions being liquidated and several traders lost millions of dollars in a
Municipal-bond investors have to assess an unusual risk as part of a $113 million bond offering next week: The historic strikes that are paralyzing business for much of Hollywood. The seller of the debt, a group affiliated with the Academy of Motion Picture Arts and Sciences, is familiar to muni-market participants because it has issued
China’s securities regulator has announced a package of market-friendly reforms to try to boost investment and trading after months of underwhelming economic growth that has hit stocks and bonds. The measures, which the China Securities Regulatory Commission said were designed to “boost capital market investor confidence”, indicate Beijing’s concern over the country’s economic and financial
SpaceX’s Bitcoin write-down report on Aug. 18 sparked confusion among the crypto community. The report published in Wall Street Journal puzzled many, who questioned whether SpaceX held $373 million worth of Bitcoin and sold it in 2021-22 or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that
A technician checks on a stack of wafers at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after hours. Applied Materials — Applied Materials rose nearly 2% in extended trading after beating analysts’ expectations on the top and bottom lines in
Topline Chinese real estate giant Evergrande Group filed for Chapter 15 bankruptcy protection in New York on Thursday—a blow following years of financial struggle that helped ignite China’s ongoing property crisis. Key Facts The filing will allow Evergrande to protect itself and its assets in the U.S. while it works through a multi-billion dollar restructuring
A residential complex constructed by Evergrande in Huai’an, Jiangsu, China, on July 20, 2023. Future Publishing | Future Publishing | Getty Images China’s heavily indebted property developer Evergrande group on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court. In a filing to the Manhattan bankruptcy court, the firm sought recognition of restructuring
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Municipals were weaker Thursday as outflows from muni mutual funds returned and U.S. Treasuries saw yields rise out long. Equities sold off. Triple-A benchmarks were cut three to nine basis points, depending on the scale, while UST yields rose up to four basis points out long, pushing the 10- and 30-year to multi-year highs. The
The price of Bitcoin (BTC) has jumped to a fresh high in Argentina since the news that Bitcoin-friendly presidential candidate Javier Milei won a primary election on Aug. 13, with 1 BTC reaching a value of 10.2 million Argentine pesos (ARS) on Aug. 14, according to data from CoinGecko. While global cryptocurrency markets are experiencing a notable
Last week’s pricing of $705.1 million of bonds for the NFL Tennessee Titans’ new stadium helps cement its place at the top of the list for American stadium subsidies. The Sports Authority of the Metropolitan Government of Nashville and Davidson County priced the deal Aug. 9. Proceeds help finance the construction of what boosters call
Foreign investors have dumped Chinese stocks and bonds after losing confidence in Beijing’s promises of more help to shore up the country’s wobbling economy. Financial Times calculations based on data from Hong Kong’s Stock Connect trading scheme show that investors have almost completely reversed Rmb54bn ($7.4bn) in net purchases of Chinese equities that followed a
A runner jogs past the Cisco Systems headquarters in San Jose, California, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Cisco Systems — Shares of the computer networking giant gained about 2.5% after posting fiscal fourth-quarter earnings that beat Wall Street’s expectations. The
The launch of the Shibarium mainnet — a layer 2 scaling solution for the Ethereum network — appears to have gotten off to a rocky start, at least when it comes to the price of its related tokens. Many Shiba Inu (SHIB) holders had held out hope for a sharp appreciation of SHIB, Shibarium’s governance