Author: Press Room

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.The crypto market has been experiencing a phase of price consolidation, with Conflux (CFX) and Cardano (ADA) seeing limited movements in recent weeks. Meanwhile, Collateral Network (COLT) is taking center stage with 35x price predictions during its presale.>>BUY COLT TOKENS NOW<<Conflux (CFX)Conflux (CFX) is a high-performance and decentralized layer-1 public blockchain for decentralized applications (dApps) and Web3 infrastructure.   What sets Conflux apart is that it’s the only regulatory-compliant and public blockchain in China. This makes it an attractive option for investors and businesses in the Chinese mainland. Recently, Conflux…

Merrill Lynch head Andy Sieg is leaving to lead rival Citi’s wealth management business.  Two Merrill executives, including one just promoted to lead private wealth, are replacing Sieg. Challenges await Sieg at Citi and his successors at Merrill amid a competitive backdrop. Bank of America said on Thursday that Andy Sieg, the president of Merrill Lynch Wealth Management who has steered the sprawling business at a time when it faces fierce competition from rival banks and independently run wealth firms to advise affluent customers, would step down. Sieg is leaving for rival bank Citi, where he faces a big challenge when…

San Francisco’s mayor called the death of Cash App creator Bob Lee “a horrible tragedy.” London Breed said police are investigating, and San Francisco is “prioritizing public safety.” Breed pointed to a recent budget supplemental that will put more police in SF neighborhoods. 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 San Francisco’s mayor called the fatal stabbing of Cash App creator Bob Lee “a horrible tragedy.”Mayor London Breed said her “sympathies go out to his family and friends,” in a statement shared with…

SP500 Net Non-Commercial Futures established a new weekly record for the length of time it has averaged (negative) -200 with last week’s number of -321.5, more than 9 months of intense pessimism by this market psychology indicator. At the same time, the Household Survey and Establishment Survey Employment reports posted new post-COVID highs. Never has such a juxtaposition occurred. The SP500 has always strongly correlated with rising employment, SP500 vs Household Survey, but not this time. The past 9mos have been a duel of those investors who rely on economic signals vs those who rely on market prices. A rising…

Tens of thousands of Hongkongers who moved to the UK are being blocked from accessing as much as £2.2bn of pension assets, as activists accuse the city’s government of retaliating against those deemed “unpatriotic” following a political crackdown.The figures, released by UK advocacy group Hong Kong Watch on the eve of the first visit to the UK by a ministerial-level Hong Kong official since 2019, demonstrate how more than 90,000 people are being “punished” for emigrating under the British National (Overseas) programme, the group said.“It’s a blanket ban on BN(O) holders accessing the property that is theirs,” said Sam Goodman,…

Brittney Griner, the WNBA star who was freed from Russia late last year after being wrongfully detained, is writing a memoir due out next spring. “After an incredibly challenging 10 months in detainment, I am grateful to have been rescued and to be home. Readers will hear my story and understand why I’m so thankful for the outpouring of support from people across the world,” Griner said in a news release Tuesday from publisher Alfred A. Knopf. The two-time Olympic gold-medalist spent nearly 300 days in Russian custody after being detained in February 2022 and sentenced to nine years in…

TOKYO — Asian shares were mostly higher Wednesday, as markets watched for key inflation data likely to influence the Federal Reserve’s stance on interest rates. Japan’s benchmark Nikkei 225 NIK, +0.56% rose 0.6% in early trading. Australia’s S&P/ASX 200 XJO, +0.50% added 0.6% while South Korea’s Kospi 180721, +0.28% edged up 0.2%. Hong Kong’s Hang Seng index HSI, -0.62% lost 0.7% and the Shanghai Composite index SHCOMP, +0.47% added 0.3%. Stocks rose in Malaysia FBMKLCI, -0.25%, but slipped in Singapore STI, -0.41%, Taiwan Y9999, +0.01% and Indonesia JAKIDX, -0.24%. “Broader markets remain laser-focused on this week’s critical inflation data as…

Major mining companies Newmont and Glencore have each tweaked their multibillion-dollar bids to buy out rival companies. Newmont Corp. NEM, -2.29% said its offer for Australia-based Newcrest Mining Ltd. NCM, +0.29% NCMGY, +6.58% would strengthen its position as the world’s top gold company and would also boost its copper production. Newcrest Mining shareholders are being offered 0.4 Newmont shares, and Newmont is supporting a special dividend of $1.10 per share to be paid around the deal’s closure, in a deal that that Newcrest says is worth 32.87 Australian dollars per share, or a total of A$29.4 billion (equivalent to $19.6…

I have a “first-world” problem with a twist, and I could use your advice. I recently sold my rental townhouse for $325,000. It was already paid off without any encumbrances on the property. After paying the title transfer and capital-gains taxes of 15%, I have $309,000 in cash. Question 2 (the juicier question): How do you think I should best convince my wife that simply paying down our current mortgage is not the savviest of moves? That’s her knee-jerk “safe” response. She is very good with day-to-day finances and being a saver, but she leans more toward living below our…

Gold futures advanced on Tuesday, with the most-active futures contract on track to settle above the $2,000 level for a sixth straight session, as a softer U.S. dollar provided support to the yellow metal. Price action Gold futures for June delivery GC00, +0.67% GCM23, +0.67% rose by $15.20, or 0.8%, to settle at $2,019 per ounce on Comex. Prices for the most-active contract has now settled above $2,000 for six consecutive sessions, even though prices posted declines in the last three sessions, FactSet data show. Silver futures for May delivery  SI00, +1.19% SIK23, +1.19% gained 27 cents, or 1.1%, to…