Public finance attorney, tax expert and National Association of Bond Lawyers board member Johnny Hutchinson has left Squire Patton Bogg’s Houston office to join Nixon Peabody as a partner. Hutchinson has extensive experience with private activity bond financings, federally tax-advantaged debt transactions, defending issuers and borrowers against Internal Revenue Service audits, helping clients resolve tax
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Subsequently, there are fears that Bitcoin prices will take longer to recover. Bitcoin (BTC) has been hovering around the $20,000 range for several weeks now after the coin lost over 60% of its value from its peak in November. The recent plunge wiped out over $600 million from its market cap and caused rising concerns
Bitcoin (BTC) fell below $21,000 for the first time in eight days on July 26 as Wall Street prepared for a decision on United States’ anti-inflation policy. Fed jitters test market resolve Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ending a period of sideways action on the Wall Street open, hitting lows of $20,788
There’s not a whiff of ambiguity in one of the moment’s heartbreaking headliners spotlighting housing’s affordability crisis. “The United States has a deep, decades-old housing shortage.” New York Times staffers Conor Dougherty and Ben Casselman did not bury their lead. They hinge analysis that follows on a baffling, self-fulfilling riddle at the crux of an
With inflation soaring in the U.S., economists from monetary policy analytics and forecasting firm LH Meyer say the U.S. Federal Reserve could stop shrinking its balance sheet earlier than expected. However, critics have said the U.S. central bank hasn’t really shrunk the Fed’s balance at all, and the entity has been accused of keeping quantitative
Issuers and borrowers should watch out for phishing scams in their communications with the IRS’ Tax Exempt and Government Entities Division, as there have been instances in recent months of scammers posing as IRS representatives. John Stanley, a tax and public finance partner at Orrick and Joseph Santiesteban, private and data innovation partner at Orrick,
A senior U.S. Republican lawmaker accused China of a broad campaign to obtain confidential information from the Federal Reserve, including recruiting central bank staffers and detaining a Fed employee visiting Shanghai. The report, from Ohio Sen. Rob Portman, said the Fed’s own investigations had identified several employees with connections to Chinese talent recruiters, as well
Solana-based decentralized finance (DeFi) firm Unstoppable Finance has argued that Solana is more decentralized than people make it out to be. However, there’s another side that believes that the blockchain platform is actually more centralized. In a blog post, the DeFi firm lays out its arguments, citing the blockchain network’s active validator count, Nakamoto coefficient
New homes under construction in Tucson, Arizona. Rebecca Noble | Bloomberg | Getty Images Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index. This marks the second month of slower increases, as the housing market cools due to higher mortgage
Ethereum fell below its recent floor of $1,500 earlier in today’s session, as bearish pressure intensified in crypto markets. Uncertainty in the market has heightened today, as traders prepare for yet another rate hike from the Fed. Bitcoin was also lower for a second consecutive day, as prices were on the cusp of falling under
Tribal governments pay 22% to 87% higher borrowing costs on municipal bonds compared to state and local entities, according to a new paper presented at the Brookings Institution Municipal Finance Conference. The resulting increases in annual interest payments for average tribal issuers range from $79,000 to $310,000 greater than their nontribal counterparts, according to the
The IMF has slashed its global growth forecasts and raised its projections for inflation, warning that the risks to the economic outlook are “overwhelmingly tilted to the downside”. The downgraded estimates, released on Tuesday, come as the world grapples with the fallout from Russia’s invasion of Ukraine, prolonged disruptions caused by the pandemic and rapidly
Solana (SOL) dipped to a two-week low at around $35.50 on July 26, mirroring downside moves elsewhere in the crypto market. Nonetheless, the technicals suggest that Solana’s price flirts with the prospects of rising 40% in August. SOL hits key inflection point Ironically, the bullish setup for Solana emerges out of a classic bearish continuation
Data from a recent Ark Invest report highlights another utility for Bitcoin (BTC) mining in the realm of sustainability and energy. According to the findings, there is enormous potential to transform methane emissions into energy for Bitcoin mining, which, in turn, will turbocharge solar and wind-generated electricity at onsite wells. Important research from @skorusARK on
Rishi Sunak’s attempt to derail Liz Truss’s Tory leadership bid appeared to have failed on Tuesday, as a new opinion poll found that Conservative members believed that she won a crucial head-to-head televised debate. The YouGov survey found Tory activists — who have the final say on who will be Britain’s next prime minister —
The “Open the pod bay doors, Hal” command from the 1968 sci fi classic 2001: A Space Odyssey might be the most famous voice control request in cinematic history. The dystopian response from the artificial intelligence computer HAL 9000, “I’m sorry, Dave. I’m afraid I can’t do that” is just as famous – or, more
What would Amazon’s stock price be if US retail investors were banned from investing? Lower, doubtless. The thought experiment shows that Alibaba’s 2014 listing in New York was doubly impressive. The world’s largest-ever listing depended on foreign investors. This year, mainland China’s legions of retail investors should get the chance to invest. For Chinese tech
European gas prices have surged more than 20 per cent in two days after Russia deepened supply cuts to the continent in Moscow’s latest attempt to weaponise energy supplies. Futures contracts for delivery next month tied to TTF, the European benchmark wholesale gas price, jumped about 14 per cent on Tuesday to breach €200 per
In this article RTX GE MMM PII GM WMT Check out the companies making headlines before the bell: Walmart (WMT) – Walmart slumped 9.5% in the premarket after cutting its outlook for the current quarter and full year. The retail giant said higher prices for food and fuel are prompting consumers to cut back, and
Coinbase, the U.S.-based cryptocurrency exchange, is reportedly facing a probe from the Securities and Exchange Commission (SEC) over the listing of several crypto assets on its platform. The investigation, according to three people with ostensible knowledge of the matter, is examining whether the exchange has been listing assets that can be classified as unregistered securities.
sponsored Quik.com is offering NFT domains as a gateway pass for users to establish their very existence on the web of tomorrow and the metaverse. A wide range of top-level domains, including .metaverse, .web3, .vr, and many others, are available on this NFT domain marketplace, Quik.com, enabling users to unleash their creative side on the