GOP Faces Stiff Financial Battle In Key Senate Race After Costly Primary
Cleveland businessman Bernie Moreno won Tuesday’s Ohio Republican Senate primary with a strong showing and is now facing an incumbent Democratic senator with a strong campaign fund. Incumbent Democratic Sen. Sherrod Brown enters the general election with $13.5 million in cash on hand as of February 28, according to filings with the Federal Election Commission […]
Bitcoin tumbles from record high as Grayscale ETF outflows hit $12bn – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Bitcoin has fallen 16% from last week’s all-time high, reversing the influx of money into new equity markets that had driven this year’s huge rally. The world’s largest cryptocurrency, which reached $73,800 last Thursday, fell to $60,760 […]
‘Correct’: Joe Biden’s Financial Manager Says He Was Kept In Dark On Some Of Hunter’s Key Overseas Business Dealings
A former colleague of Hunter Biden who oversaw Joe Biden’s personal finances for years told Congressional investigators that he had no knowledge of major bank accounts that were involved in some of Hunter Biden’s major overseas transactions. he said. Eric Schwerin, Hunter Biden’s former business partner who managed Joe Biden’s personal finances from 2009 to […]
Kevin O’Leary ‘forbids’ couples to merge their finances, warns lacking financial identity could spell disaster
Kevin O’Leary, Chairman of O’Leary Ventures, talks about what’s happened in the wake of COVID-19, concerns about recession, and the importance of maintaining your financial identity. ‘Shark Tank’ star and investor Kevin O’Leary says he ‘forbids’ couples to combine financially, saying that a lack of one’s own financial identity can lead to problems if one’s […]
Supreme Court to hear First Amendment challenge to New York’s financial ‘blacklisting’ of NRA
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ECB to rely more on bank lending as it shrinks balance sheet – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. The European Central Bank has announced one of the biggest overhauls of its relationship with the financial system in a decade, outlining plans to increase lending to commercial banks while shrinking its vast bond portfolio. ECB Board […]
How high will borrowing costs go once Bank of Japan ditches negative rates? – Financial Times
Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Bank of Japan policymakers are grappling with a series of difficult policy discussions as they face the reality of raising interest rates for the first time since the summer of 2006. Japan’s central bank has signaled it […]
Bitcoin rally pushes BlackRock ETF over $10bn in record time – Financial Times
Stay informed with free updates Just sign up for Exchange traded investment trust myFT Digest — delivered straight to your inbox. BlackRock’s Bitcoin exchange-traded fund has reached $10 billion faster than any U.S. ETF in history, boosted by a bull market that continues to send the world’s largest cryptocurrency to record heights. BlackRock’s iShares Bitcoin […]
What has replaced Silicon Valley Bank as start-ups' favourite banker? – Financial Times
Silicon Valley Bank’s ski trip to Deer Valley was one of the biggest annual networking events for tech startups until the bank’s collapse last March, its biggest since the global financial crisis. First Citizens, the North Carolina bank that bought SVB out of bankruptcy, has been on the slopes of Utah for a year without […]
U of Arizona president takes voluntary pay cut amid school’s financial woes
University of Arizona President Robert Robbins is taking a pay cut, but he doesn’t mind it. In fact, he asked for it. Robbins became a central figure in the school’s financial crisis. The Tucson-based university is trying to overcome a $177 million budget shortfall caused by a miscalculation of cash reserves. Cecilia Mata, incoming chair […]