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Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk’s crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to “rapidly increasing use of fossil fuels” mining the digital asset. Musk’s announcement rippled through the crypto markets, sending …

NEW YORK–(BUSINESS WIRE)–SmartMetric, Inc. (OTCQB: SMME): SmartMetric has invented a hardware and software solution that detects whether or not the finger being used to activate the card is from an actual person or not. This “liveness detection” technology developed by SmartMetric is designed to defeat attempted fingerprint spoofing using such things as a copy of …

Check out what’s clicking on FoxBusiness.com. Experian faces issues with how accounts are ‘thawed,’ according to a report from KrebsOnSecurity. The cybersecurity blog reported that a reader had his freeze “thawed” without authorization on Experian’s website, demonstrating “how truly broken authentication and security remains in the credit bureau space.” The consumer credit reporting company, which …

UBS, Switzerland’s biggest bank by assets, said it lost $774 million following Archegos’s implosion, a bigger hit than analysts expected, deepening the damage caused by the fund. Meantime, Japan’s Nomura, which flagged losses of around $2 billion last month, upped its total damage tally to $2.85 billion. This included a loss of 245.7 billion yen, …

Posted: Apr 23, 2021 / 10:23 PM EDT / Updated: Apr 23, 2021 / 10:23 PM EDT FILE JOHNSON CITY, Tenn. (WJHL) — One of the nation’s leading credit rating agencies today offered rave reviews for Ballad Health’s financial status. S&P Global Ratings today affirmed Ballad’s credit rating as A- with a stable outlook. Ballad …

Technically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum. In the process, the S&P 500 and Dow Jones Industrial Average have knifed to record highs, while the Nasdaq Composite has staged a potentially consequential trendline breakout. Before detailing the U.S. markets’ wider view, the S&P 500’s …

A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse on Tuesday announced several high-level staff departures and proposed a cut to its dividend as it weighs heavy losses from the Archegos Capital saga. The Swiss lender now expects a first-quarter pre-tax loss …

Credit Suisse Group AG A fire sale of stocks by a large U.S. investor burned Credit Suisse and Nomura Holdings Inc. The global investment banks said Monday that they could incur substantial losses after Bill Hwang’s firm Archegos Capital Management and its banks began liquidating huge positions in blue-chip companies. Large banks served as prime …

SAN ANTONIO – A man who was caught on camera breaking into a car in the parking lot of the University of Texas Health Science Center at San Antonio has been arrested in connection with credit card fraud, according to authorities. Bryan Munns, 42, was charged for credit card abuse, a state felony, following the …

Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses in last week’s epic …