Amazon chief executive Andy Jassy has vowed to double down on the company’s struggling grocery store business, despite recently announcing that its growth plans were on hold. Jassy told the Financial Times that the ecommerce giant was ready to “go big” on bricks-and-mortar stores, blaming a lack of “normalcy” during the pandemic for a series
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Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD
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Total 2022 municipal bond sale volume plunged 19.5% from 2021, as issuers were flush with cash and rising interest rates stymied refundings and taxable issuances. Continued market volatility, inflation hitting four-decade highs, and uncertainty over the Federal Reserve’s interest rate policy decisions kept issuers on the sidelines. Total volume in 2022 was $389.094 billion in
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The New York Department of Financial Services (NYDFS) has ordered blockchain company Paxos Trust to stop the issuance of dollar-pegged Binance USD (BUSD) stablecoin.  The New York regulator’s actions come shortly after the United States Securities and Exchange Commission (SEC) issued a wells notice to Paxos — a letter the regulator uses to tell companies of planned enforcement
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Receding trade and growth worries, and rising geopolitical uncertainties have sent aerospace & defense stocks higher. IShares U.S. Aerospace & Defense ETF: https://www.zacks.com/funds/etf/ITA/profile?cid=CS-YOUTUBE-FT-VID SPDR S&P Aerospace & Defense ETF: https://www.zacks.com/funds/etf/XAR/profile?cid=CS-YOUTUBE-FT-VID Invesco Aerospace & Defense ETF: https://www.zacks.com/funds/etf/PPA/profile?cid=CS-YOUTUBE-FT-VID Boeing: https://www.zacks.com/stock/quote/BA?cid=CS-YOUTUBE-FT-VID Lockheed Martin: https://www.zacks.com/stock/quote/LMT?cid=CS-YOUTUBE-FT-VID United Technologies: https://www.zacks.com/stock/quote/BA?cid=CS-YOUTUBE-FT-VID Raytheon: https://www.zacks.com/stock/quote/RTN?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter:
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Quay Tower is a magnificent new residential building situated directly on the Brooklyn waterfront and rising thirty stories. Its position directly across the water from the southern tip of Manhattan makes for spectacular harbor and city views. Together with the building’s amenities, they create a hotly-desired living experience. Everyone wants gorgeous sunset views, waterfront locations,
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Top Stories This Week Kraken reaches $30M settlement with SEC over staking as IRS seeks user information Kraken has agreed to stop offering staking services or programs to United States clients after reaching an agreement with the U.S. Securities and Exchange Commission (SEC). Along with ceasing operations, the crypto exchange will pay $30 million in
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The crypto world was jolted last week when the Securities and Exchange Commission (SEC) shut down Kraken’s staking program, much to the satisfaction of Chairman Gary Gensler and his team. But what does this mean for the future of cryptocurrency and, more specifically, staking? The following opinion editorial was written by Bitcoin.com’s Business Development Manager
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Turkish authorities have launched a crackdown on developers connected to buildings that were toppled by this week’s devastating earthquake as president Recep Tayyip Erdoğan faces growing discontent over the quality of construction in the stricken region. The justice ministry has authorised almost 150 local prosecutors’ offices to set up earthquake investigation units to probe contractors,
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In this article ETH.CM= Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | LightRocket | Getty Images Not six months ago, ether led a recovery in cryptocurrency prices ahead of a big tech upgrade that would make something called “staking” available to crypto investors. Most people have hardly wrapped their heads around the concept, but
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In this article ROG Follow your favorite stocksCREATE FREE ACCOUNT Christopher Hopefitch | Digitalvision | Getty Images Company: Rogers (ROG) Business: Rogers designs, develops, manufactures and sells engineered materials and components. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS) and Other segments. In November 2021, the company entered into a definitive merger
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Municipals were weaker Friday ahead of next week’s heavier new-issue calendar. U.S. Treasury yields rose and equities were mixed. Triple-A benchmark yields were cut up to five basis points, depending on the scale, while U.S. Treasury yields rose three to eight basis points, pushing the two-year UST above 4.50%. The three-year muni-UST ratio was at
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