The government long insisted it was not going to introduce a windfall tax on soaring energy company profits. It has now done one and repeatedly threatened another. All while various ministers mutter that they do not believe in the entire endeavour. Electricity generators came under government pressure this week to show plans to boost investment
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The Ethereum Merge may be coming sooner than planned, after core developers announced a tentative Merge date of Sept. 15, which will see the blockchain transition to Proof-of-Stake. The Ethereum mainnet Merge date came into view after core developers such as Tim Beiko and Prysmatic Labs co-founder Terence Tsao agreed in an Aug. 11 developer
Crypto exchange Hotbit has announced the suspension of trading, deposits, withdrawals, and funding on its platform. The exchange said law enforcement has frozen some of its funds and subpoenaed some senior managers as they investigate a criminal case involving the exchange’s former employee. Hotbit Suspends Trading, Deposits, Withdrawals Cryptocurrency exchange Hotbit announced the suspension of
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province. Costfoto | Future Publishing | Getty Images BEIJING — China’s real estate troubles could spill into other major sectors if the problems persist —
The world’s largest asset manager, Blackrock, has launched a spot bitcoin private trust. “Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients,” said Blackrock. Blackrock Launches Bitcoin Trust Blackrock, the world’s largest asset manager, has launched “Blackrock bitcoin private trust.” According to a Thursday blog
Johnson & Johnson said it will discontinue production of its talc-based baby powder in 2023 as it battles almost 40,000 legal claims that the product caused users to fall ill with cancer. The US drugmaker said on Thursday that it decided to transition to an all cornstarch-based baby powder, which it has already launched in
Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation. Uzbekistan Takes Steps to Prevent Crypto Trading and Custody on Foreign
R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Check out the companies making headlines after the bell: Rivian Automotive — The electric vehicle maker rose 3.1% in after-hours trading
Municipals were weaker on the short end and mutual fund outflows returned Thursday while U.S. Treasuries saw losses across the curve and equities ended mixed. Triple-A curves saw yields rise as much as five basis points on the one-year while leaving yields a basis point weaker to little changed along the rest of the curve
If all goes according to plan, municipal markets will see the largest ESG bond pricing ever next week as Massachusetts prepares to issue $2.7 billion of taxable business-tax backed special obligation revenue bonds. The sale of the socially designated bonds was delayed in July as state lawmakers debated a last-minute spending bill that would allocate
US attorney-general Merrick Garland said the justice department had moved to unseal the search warrant and the list of items retrieved by the FBI from Donald Trump’s Mar-a-Lago estate on Monday, breaking days of silence on the extraordinary operation. In a statement from the headquarters of the Department of Justice in Washington on Thursday, Garland
Amid the Covid-19 pandemic in 2020, the world’s bureaucrats, financial institutions, multinational corporations, and international organizations started promoting the Great Reset concept, an idea launched by the World Economic Forum (WEF) that claims to bolster a greener and fairer world. Since the Great Reset idea started seeing a lot more promotion that year and well
Ether’s (ETH) impressive 85% gain in the past 30 days has surprised even the most bullish investors, and it makes the $800 range seen in mid-July seem like ages ago. Bulls now hope to turn $1,900 to support, but derivatives metrics tell a completely different story, and the data suggests that professional traders remain highly
Marilyn Monroe lived in many homes during her glamorous career. For her, homeownership seemed to carry more weight than her three marriages during her short lifetime. Famous for playing “blonde bombshell” characters in comedies such as Some Like it Hot and Gentlemen Prefer Blondes, she became one of the most popular sex symbols of the
Liz Truss, the Tory leadership frontrunner, is a strong communicator, gutsy and could prove to be an economic “nightmare” for Labour, according to some of the opposition party’s leading strategists. Allies of Labour leader Sir Keir Starmer have also been impressed by the way the foreign secretary has grown into the contest to succeed outgoing
In this weeks episode of Market Talks we welcome senior market analyst at Cubic Analytics, Caleb Franzen. Caleb is a Senior Market Strategist at Cubic Analytics, analysing new data/charts on the economy, the stock market, and Bitcoin to make better investment decisions. He is also a former corporate banking & portfolio analyst. The main topic
Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (PoS) upgrade is coming this next month on or around September 15th to the 16th. After the Ethereum network’s Total Terminal Difficulty (TTD) hits 58750000000000000000000, the chain will fully transition
The states are flush with cash thanks to trillions of dollars of federal rescue funds, leading Fitch Ratings analysts to predict an explosion of infrastructure projects with a focus on water and sewer undertakings. Fitch analysts discussed their recently released, “U.S. States Budgets Balanced in 2023” report during a Wednesday webinar. The discussion revealed fifty
Maybe Rupert Murdoch and AT&T knew what they were doing all along. In recent years both have curtailed their Hollywood ambitions. The pair sold entertainment assets to buyers keen to do battle in the content streaming wars. So far this year, Fox and AT&T shares have held up versus declining market indices. Other media titans
Since Covid-19 took its first English life in March 2020, the country has recorded around 120,000 more deaths than would have been expected over the same months of three typical, non-pandemic years. This is a huge number but one that, for the first year of the pandemic, was relatively straightforward to explain. A novel and
press release PRESS RELEASE. The crypto enthusiast has got 10,032 BUSD into their wallet by buying virtual miners in the Play To Earn game Tothesmart for only 50 BUSD. Real lotteries on the blockchain are gaining popularity around the world. The project Tothesmart has implemented an exciting mechanism, «TimePool», by implementing in the economy Play