Credit
Bitcoin blows past $45,000 to fresh highs above $47,000, driven by Tesla’s investment
The price of bitcoin surged above $47,000 on Tuesday, building on gains following news that electric-car maker Tesla has invested $1.5 billion in the cryptocurrency and may accept it as future payment for products. After reaching a record of near $44,000 on Monday, bitcoin prices BTCUSD, +2.98% hit $45,000, $46.000 and $47,000 later that evening, …
Police: Four arrested for breaking into car, stealing and using credit cards in Avon Lake | Crime
Four people were charged with felonies after allegedly breaking into a car in Avon Lake and using stolen credit cards Jan. 21. Christina Canty, 28, from Lake Forth, Fla., was charged with two counts of misuse of a credit card, a firth-degree felony, and two counts of criminal damaging, a second-degree misdemeanor, according to a …
Tesla, FLIR Systems, Bitcoin: What to Watch When the Stock Market Opens Today
Here’s what we’re watching as markets open Monday for the first trading session of 2021. —U.S. stock futures rose on hopes that continued government stimulus and the rollout of coronavirus vaccines will bode well for equities. Futures tied to the S&P 500 rose 0.4% Monday, while contracts lined to the Dow Jones Industrial Average gained …
Breaking Down The Changes To The Employee Retention Credit In The New COVID Relief Bill, Part 2
With the Consolidated Appropriations Act, 2021 (the Act) finally signed into law, we can start to take a deep dive into the more impactful changes found within the 5,500-page piece of spending and stimulus legislation. We may have jumped the gun a bit in publishing Part 1 of this two-part series on the expanded Employee …
How technology can help fill the credit gap among Indian MSMEs
An analysis of the Indian business growth story would be incomplete without mentioning the backbone of its economy – the micro, small, and medium enterprises (MSMEs). Despite making up for the majority of the country’s trade and commerce, the MSMEs are under-looked by the traditional financial system and resultantly credit-starved. The country’s apex voices – …
Car wash owners experience break-ins worth thousands in damage
MADISON, Wis. (WMTV) -Some car wash owners are close to nixing the cash option after a handful of break-ins in our viewing area. A Dane County car wash owner said he experienced break-ins at both Magic Car Wash locations. “This location in Madison, we’ve been here 20 years. It’s the worst we’ve ever seen it,” …
Janet Yellen is poised to become Treasury secretary in a Biden cabinet — and here’s what that means for cash-strapped American families
In 2014, three months into her four-year tenure leading the Federal Reserve, Janet Yellen was trying to draw an important link for investors, policy makers and community development leaders. “Although we work through financial markets, our goal is to help Main Street, not Wall Street. By keeping interest rates low, we are trying to make …
Lumen Technologies Completes Redemption and Amends Qwest Credit Agreement
DENVER, Oct. 26, 2020 /PRNewswire/ — Lumen Technologies* (NYSE: LUMN) announced today that Qwest Corporation, its indirect wholly-owned subsidiary (“Qwest”), completed the following debt transactions. On Oct. 23, 2020, Qwest extended and amended its 2015 term loan with CoBank ACB. As amended, the maturity date of the term loan was extended from Feb. 20, 2025 to …
Moody’s says Brazil breaking spending cap rule would hurt credit profile
BRASILIA, Sept 8 (Reuters) – The Brazilian government’s spending cap rule, its most important fiscal anchor, faces a “material risk” of being breached from next year onward due to rising political risk and pressure to maintain welfare spending, ratings agency Moody’s said on Tuesday. Breaching the spending cap would push government debt – already at …
U.S. Moves to Seize Cryptocurrency Accounts Linked to North Korean Heists
WASHINGTON—U.S. authorities on Thursday moved to seize 280 cryptocurrency accounts they said were used by North Korean hackers who stole more than a quarter of a billion dollars from cryptocurrency companies around the world, including one in the U.S. The U.S. Justice Department said the accounts targeted in the civil forfeiture filing were used by …
