Author: Press Room
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Ether (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain, just surged above $2,100 for the first time since May 2022 amid positive post-Shapella update changes in the ETH supply.Ethereum developers successfully implemented the so-called “Shapella” upgrade on Wednesday – Shapella being an amalgamation of the names of Ethereum’s consensus (Shanghai) and execution (Capella) layers.Among other things, the upgrade means that staked ETH and ETH-denominated staking rewards can now be withdrawn from the staking smart contract for the first time since staking was enabled on the Beacon blockchain back in December 2020.Some analysts had worried that the enabling of withdrawals…
FilmHedge lends credit to movies and TV shows with budgets ranging from $1 million to $50 million. The 3-year-old fintech closed on a $5 million round in March and has a $100 million credit facility. Founder Jon Gosier explained why FilmHedge’s model is resonating as Hollywood turns to private credit. As private-credit strategies become increasingly important for Hollywood, one independent financial-tech firm is raising millions from investors on the promise that it can provide vital capital to help hot new series and blockbusters get made.FilmHedge, an Atlanta-based fintech launched in February 2020, provides liquidity to productions with budgets ranging from…
Elon Musk says he wants to turn one of Twitter’s San Francisco buildings into a homeless shelter. The building’s owners rejected the plan, he told the BBC. “If the building owner lets us, we’ll do it.” Musk recently painted over the “W” on the office’s logo to turn the company’s name to “Titter.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Twitter owner Elon Musk has claimed that he wants to turn one of the company’s San Francisco buildings into a homeless shelter, but…
It’s been about 3 ½ months since I took profits in CSX Corporation (NASDAQ:CSX) in an article with the very creative title “Taking Profits in CSX.” Since then, CSX stock is down about 2.7% against a gain of 6.75% for the S&P 500. I am intrigued by this 9.5% underperformance, because I like stocks that underperform, at least in the short term. I want to decide whether or not it makes sense to buy back in based on the latest financial results, and comparing those to the valuation. It’s time again for the “thesis statement” paragraph. I provide one of…
Boeing said on Thursday that a production issue would affect its ability to deliver a “significant” number of 737 Max jets, worsening aircraft shortages for airlines around the world.The aerospace manufacturer said supplier Spirit AeroSystems had used a “non-standard” process when installing two fittings in the fuselage of certain models of the narrow-body jet, creating the possibility that it might not comply with specifications laid out by aviation regulators.Shares of the company fell more than 5 per cent in after-hours trading. Spirit stock fell more than 11 per cent.Boeing said the planes can still operate safely, but “the issue will…
When FBI tactical agents wielding assault rifles confronted Robert Hanssen one Sunday evening in 2001, the most dangerous spy in US history was finally put out of service. Hanssen, a senior FBI special agent at the time, had just finished stashing a trove of classified documents under a bridge in Virginia that was intended to later be collected by his Russian handlers. As in the similar case of former CIA officer Aldrich Ames, who had been arrested by the FBI seven years earlier after similarly passing secrets for years that led to the execution of countless Russian intelligence officials covertly…
U.S. stocks have been choppy Wednesday, as investors parse a consumer-price index report that showed inflation remains sticky despite some signs of easing. “It was almost dead on the consensus,” said Liz Ann Sonders, chief investment strategist at Charles Schwab, in a phone interview. “It wasn’t a surprise in either direction.” The U.S. consumer-price… Read the full article here
As Americans complete their income-tax returns ahead of the April 18 filing deadline, they are revisiting the effects of last year’s scorching-hot inflation — even if they don’t realize it. Like so much else in a person’s financial life, inflation seeps into their tax situation. When the tax code attempts to account for rising prices, particular… Read the full article here
Philadelphia Fed President Patrick Harker on Tuesday suggested he might support one more quarter-percentage-point interest-rate hike before pausing. Since last March, the Fed has increased its benchmark rate from close to zero to a range of 4.75%-5%. “My view all along, and I have been pretty public about this, we need to get rates above 5%… Read the full article here
