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Russia assets sold off on Thursday after reports that US president Joe Biden was set to announce a fresh round of sanctions against Moscow, potentially targeting the country’s sovereign debt. Washington is set to unveil the new measures, the first against Russia from the Biden administration, to punish Moscow for alleged meddling in US elections
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Is “deal or no deal” a popular refrain from a successful game show or is it the voice of real estate investors who are growing concerned about the potential repeal of Section 1031 of the Internal Revenue Code?   A recent read of the Biden/Harris tax plan reveals a $4 trillion tax hike, and one
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Municipals firmed across the yield curve after a strongly bid deal from gilt-edge Delaware and active secondary activity moved levels lower by two to four basis points while nearly $2 billion more inflows were reported into municipal bond mutual funds. The Investment Company Institute Wednesday reported another week of inflows with $1.995 billion coming into
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Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company’s shares list on Nasdaq today. In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees. As previously reported, nearly 96% of Coinbase’s entire revenue in 2020 was generated from transaction fees
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Former National Association of State Treasurers President David Damschen is resigning as Utah State treasurer at the end of the month. Damschen is leaving office to become the president and CEO of the Utah Housing Corp. Damschen told The Salt Lake Tribune on Monday that he is “excited I can focus on helping to find
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In this article ARKK Ark Invest’s Cathie Wood said digital wallets and genomics are the next two biggest disruptive trends after Tesla and electric vehicles. “We’re very excited about digital wallets,” Wood said on CNBC’s “The News with Shepard Smith” on Tuesday. “We really think that these digital wallets and two-sided market places, merchants and
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There’s more executive turmoil swirling at Better.com, one of the mortgage industry’s hottest new startups, and it’s hitting just days after reports that SoftBank is investing $500 million of new funding that values the business at $6 billion. Elana Knoller, Better’s chief product officer, has been placed on administrative leave following allegations of bullying and
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