The suggestion that Hong Kong could make an “Initial Coin Offering” (ICO) appeared in a list of propositions formulated by the Hong Kong Securities and Futures Association to revitalize Hong Kong’s economy. The document, signed by association president Chen Zhihua, was published on Nov. 29 and included various measures, ranging from routine to bold. The
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John Rogers Jr., Ariel Investments Chairman & CIO Adam Jeffery | CNBC It’s time to look at value stocks as growth names will have a difficult 2024, according to Ariel Investments’ John Rogers. “I think the top of growth stocks is coming,” Rogers told CNBC’s Scott Wapner at the CNBC CFO Council Summit in Washington,
Municipals rallied hard in secondary trading as issuers benefited in the primary market, which saw another active day, including an upsized $2 billion pricing from New York Transportation Development Corp. and a competitive loan from high-grade Alexandria, Virginia, which saw yields come well through triple-A curves. U.S. Treasuries were firmer and equities ended mixed. Triple-A
It’s hard to imagine in today’s modern real estate market that an early home of Italian Renaissance artist Michelangelo still exists. But it does and recently changed hands in Florence, Italy. The historic residence, built between the 14th and 15th centuries, is where the young Michelangelo di Lodovico Buonarroti Simoni grew up and honed his
It took about two minutes into a House transportation subcommittee hearing Wednesday before the California high-speed rail project was singled out for criticism. Rep. Troy Nehls, R-Texas, chair of the Railroads, Pipelines and Hazardous Materials Subcommittee, opened the hearing on intercity rail by emphasizing the importance of balancing federal policies and spending with realistic consumer
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Charlie Munger’s unique partnership with Warren Buffett, spanning over half a century, helped forge
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Mortgage rates fell last week for the fourth time in five weeks, and homebuyers appear to be responding. Demand from current homeowners to refinance, however, fell sharply. That left total mortgage application volume essentially flat last week, up just
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller Becoming a titan of business does not require giving up your personality or humor, as Charlie Munger proved repeatedly in his long and successful life. Munger, who died Tuesday at the age of 99, leaves behind not just an
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India has announced it has formed a committee to investigate security issues after the US warned New Delhi over an alleged assassination plot targeting a Sikh separatist on American soil. The Financial Times reported last
An ongoing crypto donation campaign dedicated to improving the lives of children worldwide has received over $7.6 million to date, half of which was donated in Ether (ETH). Philanthropic foundation Save the Children’s HODL Hope Campaign remains nearly $2.4 million short of the $10 million it intends to collect by the end of 2023. ETH
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Uber is courting one of its oldest foes, the London black-cab driver, as it looks to add a new taxi option to its fleet in the UK capital next year. San Francisco-based Uber has begun
Charlie Munger wasn’t just the vice chairman of Berkshire Hathaway: His partnership with billionaire Warren Buffett made him half of an iconic duo in the investing world. Watch the special lookback at Munger’s life by CNBC’s Becky Quick above. “I would say that every time I’m with Charlie, I’ve got at least some new slant
A close-up of the Workday logo on its headquarters in Pleasanton, California, on March 26, 2018. Smith Collection | Archive Photos | Getty Images Check out the companies making headlines in extended trading. Workday — Stock in the workforce platform provider added more than 6% after third-quarter results surpassed Wall Street estimates. Workday notched adjusted
After decades of underfunding, West Virginia dramatically closed its pension funding gap, according to a recent report from Pew Charitable Trust. The state, which had the poorest funding ratio in the entire nation in 2000, reduced its debt burden by 90% over the decades, marking one of the most impressive turnarounds amid a national trend
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Charlie Munger, the vice-chair of Berkshire Hathaway, died at the age of 99 on Tuesday morning at a California hospital, the US investment conglomerate announced. Warren Buffett, Berkshire’s chief executive, said in a short statement
Municipal yields dropped up to another seven basis points led by strong secondary trading Tuesday while an $875 million competitive general obligation deal from Illinois took focus in the primary. U.S. Treasuries made gains and equities ended mixed. Municipal triple-A curves saw yields fall four to seven basis points, depending on the curve while USTs
Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive Brokers’ retail investors
Anyone who has ever had the privilege of living on the waterfront will tell you that this is living. The new house has a big waterfront view on Oswego Lake. LUXE On the western edge of Oregon’s Oswego Lake is an exclusive district known as the Gold Coast. The neighborhood enjoys access to recreational and
For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype. Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI in
The explosive growth and success of Binance outside of the control of traditional financial and political establishments led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes. Hayes delved into the recent $4.3 billion settlement paid out by Binance in a lengthy Substack blog. This comes after the exchange and