Terri Velasquez is ending her term as president of the Government Finance Officers Association with a full year of accomplishments. Representing the city of Aurora, Colorado the 20-year GFOA veteran brought a toolkit full of policy innovation and technology solutions to a grateful organization. Velasquez came into the presidency with a complete set of goals, some
James Gorman plans to step down as chief executive of Morgan Stanley within the next year after more than a decade at the top of the Wall Street bank he turned into a wealth management juggernaut. Gorman, 64, told the bank’s annual shareholder meeting on Friday that the “specific timing of the CEO transition has
Hong Kong partners with 16 companies to build CBDCs On May 18, the Hong Kong Monetary Authority (HKMA) announced the launch of the cyber Hong Kong dollar pilot project. According to officials, 16 selected companies from the financial payment and technology sectors will conduct the first round of trials this year on the feasibility of
The financial sector witnessed a rapid transformation over the past decade, with technology reshaping the processes of lending, wealth management and payments. The transformation also brought opportunities to invest. TipRanks recognizes Wall Street’s 10 best financial sector analysts for capturing the best investment opportunities. These analysts outperformed in their stock picking and earned significant returns
Luxury fashion items sit on display beside tablet devices at the launch of the Farfetch “Store of the Future” pop-up exhibition, at the Design Museum in London, U.K., on Wednesday, April 12, 2017. Luke MacGregor | Bloomberg | Getty Images Check out the companies making headlines before the bell. Foot Locker — Shares tumbled more
It is an empirical fact that the United States dollar is continuing to lose its dominant role as the global reserve currency, but what might happen to the stablecoin market should it be superseded? According to data from the International Monetary Fund, the U.S. dollar now accounts for just over 58% of global foreign exchange
Whenever any real estate changes hands or gets refinanced, the closing typically happens through some form of third-party escrow. The seller signs the transfer or mortgage documents and gives them to a trusted third party, the “escrowee.” The buyer or new lender gives the escrowee some money. The escrowee then makes sure the closing conditions
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT One of Airbnb’s most wish-listed properties in 2023 is on the market. The Joshua Tree, California-home is for sale at an asking price of $18 million, making it the most expensive home to ever hit the market in the town located about two hours southeast
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Kevin Matras writes about two very different bullish options strategies, and how they work.
Our video series on Trading 212 Pies is here to make sure you maximise this game-changing new tool to the benefit of your investments in the stock market. In this latest video of the series, we explain how to reflect your risk appetite in your Pie, what are the core asset types you can add,
California’s rating outlook was revised to negative from stable Thursday by Moody’s Investors Service amid the state’s revenue uncertainty. The rating agency also affirmed the Aa2 rating on the state’s general obligation bonds, citing the state’s massive economic base and healthy budget reserves and liquidity. The Aa2 rating on the state’s general obligation bonds is
Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.” Data from on-chain analytics firm Glassnode confirms that as of May 18, there are over one million addresses which hold at least 1 BTC. Back: Adoption trend lays path to “hyperbitcoinization” It was a
Issuers, if they’re not already doing so, will soon have to pay much more to supply water to their constituents, turning to ever more inventive ways of procuring and treating water as fresh water supplies run down. That was the focus of one of the panels at the National Federation of Municipal Analysts’ 2023 Annual
Calpers, the biggest US public pension plan, is considering bigger bets on private equity despite despite growing fears that higher interest rates will curb the industry’s returns. Chief executive Marcie Frost said that the $442bn-in-assets retirement fund, one of the world’s biggest investors in private equity, will start an extensive review of its holdings in
In this article MU TTWO BOOT BABA 6758.T-JP ZION Follow your favorite stocksCREATE FREE ACCOUNT Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Check out the companies making headlines before the bell Thursday. Walmart – Shares
Natural disasters like hurricanes and snowstorms tend to temporarily halt housing market activity in affected areas. If the U.S. hits the debt ceiling, expect a similar effect on homebuying and selling activity, particularly in areas with a large number of people who are paid by the government. If the United States breaches the debt ceiling,
Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Sales of previously owned homes fell 3.4% in April from March to a seasonally adjusted, annualized pace of 4.28 million units, according to the National Association of
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