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National Australia Bank makes first-ever cross-border stablecoin transaction
The “Big Four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year. National Australia Bank (NAB) says it has executed the first-ever cross-border stablecoin transfer by a major financial institution on a layer 1 public blockchain. The intrabank transfer used the More
- in Mortgage, Real Estate
Mortgage rates tumble in the wake of bank failures
A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022.Jordan Vonderhaar | Bloomberg | Getty ImagesThe average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday.Mortgage rates loosely follow More
Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report
The SEC chairman was approached by Binance in 2018 and 2019, while teaching at the Massachusetts Institute of Technology. Update (March 5, 9:22 p.m. UTC): This article has been updated to include Binance’s response. Crypto exchange Binance sought to hire Gary Gensler as an advisor before he became chairman of the United States Securities and Exchange More
- in Business
iPhone Maker Expanding In India With $700 Million Factory In Bid To Rely Less On China China, Report Says
Topline iPhone manufacturer Foxconn is planning to invest $700 million to build a factory in the southern Indian state of Karnataka, which could significantly expand the production of Apple’s smartphones in India, Bloomberg reported, and follows claims by Indian officials that Apple wants to shift 25% of its manufacturing to the country amid concerns about More
- in Asia, Billionaires, Business, Money
Billionaire Enrique Razon’s Bloomberry To Open New $1 Billion Casino As Earnings Rebound
Blooomberry chairman and CEO Enrique Razon Jr.Gio Panlilio for Forbes Asia Bloomberry Resorts—controlled by ports-to-energy billionaire Enrique Razon Jr.—is gearing up to open its second casino resort in the Philippines after the company returned to the black last year amid a post-pandemic recovery in its gaming revenue. The Philippine-listed company said late Thursday that it More
- in Mortgage, Real Estate
Mortgage rates jump back over 7% as inflation fears drive yields higher
The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily.Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury.related investing news”Rates continue to move at the suggestion of economic More
Borrowers Receive Student Loan Forgiveness Approval Emails After Court Green-Lights Settlement
VIRGINIA BEACH, VIRGINIA – FEBRUARY 28: U.S. President Joe Biden delivers remarks at the Kempsville … [+] Recreation Center on February 28, 2023 in Virginia Beach, Virginia. (Photo by Anna Moneymaker/Getty Images)Getty Images Borrowers are starting to receive notices approving them for student loan forgiveness under a long-awaited settlement agreement. While student loan news has More
- in Stocks
U.S. govt clears F-35 engine deliveries after safety concerns addressed
LMT +0.28% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add More
Sam Bankman-Fried’s lawyers request extension for bail condition proposal
According to the legal team representing Sam Bankman-Fried, prosecutors had no objections to continuing his bail conditions until the firm could choose a suitable technical expert. Lawyers representing former FTX CEO Sam Bankman-Fried in federal court have requested an extension to file a proposal related to his bail conditions.In a Feb. 24 filing with the More
- in Real Estate
Supreme Court rules 9-0 that bankruptcy filers can’t avoid debt incurred by another’s fraud
A TV camera points to the U.S. Supreme Court as justices inside heard arguments in Gonzalez v. Google at the court in Washington, February 21, 2023Kevin Lamarque | ReutersThe Supreme Court in a unanimous decision Wednesday ruled that a California woman could not use U.S. bankruptcy code protection to avoid paying a $200,000 debt that More
- in Stocks
Tesla to open U.S. charging network to rivals in $7.5 billion federal program -White House
TSLA +2.38% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add More
FDIC warns CEX.IO and its reviewers to remove potentially false claims about insurance
The U.S. federal agency found a claim about deposit insurance in the fine print on the exchange’s website and on websites that reviewed it. The United States Federal Deposit Insurance Corporation (FDIC) has sent a letter to executives of cryptocurrency exchange CEX.IO warning them that they are potentially in violation of federal law due to More
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