At the height of its tech boom, Estonia — birthplace of Bolt and Skype — was home to so many start-ups that it acquired the nickname “unicorn land”, referring to companies valued at more than $1bn. But after almost two decades of a prospering start-up sector, locals and expats who have flocked to Tallinn say
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Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they have raised the chances to 75% from an earlier 65%
Municipals had a slightly firmer tone Wednesday while U.S. Treasuries were little changed and equities ended up. Triple-A yields fell one to three basis points, depending on the curve, while UST maintained levels in a subdued session. While munis underperformed UST Tuesday, “there has been firmness in the muni market throughout the past week,” said
Bitcoin (BTC) led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally could not be sustained as analysts cautioned that the victory did not guarantee the approval of a spot Bitcoin exchange-traded fund. Still, the victory may prove to be
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the “Oracle of Omaha” turned 93 Wednesday, his conglomerate is stronger today than it’s ever been. Berkshire shares have roared back to an all-time high on record
Peter McCrae Ramsey, 82, a former public finance executive who spent more than 30 years as a banker in the municipal bond industry and was considered a mentor to many, died June 8 in Annapolis, Md. His extensive career in public finance largely consisted of structuring municipal bond financings that funded the expansion of airports,
Stay informed with free updates Simply sign up to the Media myFT Digest — delivered directly to your inbox. Former BBC and New York Times head Mark Thompson has been appointed chief executive of CNN, as the troubled cable news channel seeks to turn round its business after a rocky year and a half. Thompson,
Houses in England. Christopher Furlong | Getty Images News | Getty Images LONDON — The number of houses sold in the U.K. this year is set to reach the lowest annual figure since 2012, real estate company Zoopla found in its latest house price index released on Wednesday. The report shows an estimated 21% decline
The hottest thing in fashion? Old clothes. There are myriad reasons to shop second-hand: buying what’s already out there is not only better for the planet, but also opens up a world of design choices beyond the current season’s trends. You might also unearth unexpected and better-made pieces, if you know where to look. But
Rhode Island’s regulators have granted X (Twitter) a currency transmitter license marking a step forward for the company’s foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and receiving money — a definition that includes both fiat and crypto assets. The
Tether, the stablecoin issuer behind USDT, has reportedly added Britannia Bank & Trust, a private bank based in The Bahamas to process dollar transfers on its platform. It is understood Tether has instructed clients to send money to Britannia’s bank account over the last few months, according to an Aug. 29 report by Bloomberg, citing
The US Court of Appeals for the Federal Circuit in Washington, D.C., US, on Wednesday, Aug. 9, 2022. Al Drago | Bloomberg | Getty Images Well, now the SEC is in a real pickle. The U.S. Court of Appeals for the D.C. Circuit sided with Grayscale in a lawsuit against the SEC, greatly improving the
The Hewlett-Packard Co. logo is displayed on the window of an electronics store in New York. Ramin Talaie | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Box — The cloud stock fell 7% after hours on a mixed second-quarter report. Box’s revenue came in at $261 million, in line
Bond parties in the Puerto Rico Electric Power Authority bankruptcy are appealing a ruling that has barred a receiver from being appointed in the case. Syncora Guarantee and GoldenTree Asset Management Monday filed an appeal notice of a ruling of U.S. District Judge Laura Taylor Swain that rejected their request for a removal of a
Leila Ismailova began her professional career at the age of 15 as a broadcasting star in Belarus, the Russian-neighboring Eastern European country that plays home to 9.3 million citizens. She continued in the role for 10 years, she says, before reaching what she felt was a “professional ceiling” and beginning a journey that led to
The UK government has confirmed a fifth delay to the implementation of its post-Brexit border controls on food and fresh products, as ministers admitted the new regime on EU imports would push up prices. The Cabinet Office said on Tuesday that the government’s plans were likely to have an impact on headline inflation, although it
Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription: Thomas Nocera (00:03):Welcome to another episode of The Bond Buyer podcast. I’m Thomas Nocera, regional reporter for the Bond buyer, and I’m here with Mohamed Balla, the Chief Financial Officer for the City of Atlanta, who’s here to discuss an upcoming
There are many ways to track home design trends. One of the best is considering what retailers are seeing specifiers and homeowners purchasing – especially retailers that cater to both professional and consumer clientele across the country, like the Ferguson Bath, Kitchen & Lighting Gallery chain and its Build with Ferguson website. Here are five
What are sympathy plays? Something that is played on the news headline based on the initial news coverage. Example: If Google releases completely new algorithms that other search engines can use, it will benefit other search engines such as Yahoo and BIDU, while hurting other companies like newspapers and print companies. – The sympathy play
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