In October 2019, unknown hackers infiltrated a Canadian insurance company by installing the malware BitPaymer, which encrypted the firm’s data and IT systems. The hackers demanded a ransom of $1.2 million be paid in Bitcoin (BTC) in return for the decryption software needed for the firm to regain access to its systems. The firm’s United
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Indiana expects about a $2.4 billion bounce in revenue through 2023, joining the parade of states with healthier-than-expected revenue projections, which along with new COVID-19 pandemic-related federal relief is fueling debate on spending priorities. Indiana raised its current year, fiscal 2021 general fund tax revenue projection by 2.6%, or $463 million to about $18.2 billion
Friends spending the weekend in the shopping mall martin-dm | E+ | Getty Images Company: Genesco Inc. (GCO) Business: Genesco is a retailer and wholesaler of branded footwear, apparel and accessories that operates through four business segments: (i) Journeys Group, comprised of retail footwear chains and e-commerce operations; (ii) Schuh Group, which includes the Schuh
In this article RUN SPG PNC Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sunrun — The solar stock popped 10% after Simmons Energy, a division of Piper Sandler, upgraded the stock to overweight
There may not be gold under the floorboards, but it’s not a stretch to say this Montana retreat has a bit of copper in its bones. The log cabin-style home overlooking Bigfork’s Swan Lake was built in the early 1900s as a summer retreat for the four daughters of industrialist Cornelius ‘Con’ Kelley. During the
LeSean McCoy (25) of the Buccaneers runs the ball during the regular season game between the Minnesota Vikings and the Tampa Bay Buccaneers on December 13, 2020 at Raymond James Stadium in Tampa, Florida. Cliff Welch | Icon Sportswire | Getty Images National Football League running back LeSean McCoy admitted he had no clue how
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Coinbase gets off to a rocky start as it lists
Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides
Municipals were firmer in spots in secondary trading but benchmark curves mostly held steady after a strong week that moved yields by as much as 10 basis points lower. U.S. Treasury weakness early Friday morning hit the breaks for munis, which will see an elevated bond volume next week with some marquee names that may
A dispute over Donald Trump’s 2017 tax reforms stands in the way of Joe Biden’s $2tn infrastructure proposals, with a growing number of lawmakers on Capitol Hill threatening to vote against any tax and spending plan that does not reverse a key provision of Trump’s changes. Thirty-two House members from both the Democratic and Republican
As concerns about the Trump trade continue to rise, investors are pouring money into Emerging Market ETFs. Vanguard FTSE Emerging Markets ETF: https://www.zacks.com/funds/etf/VWO/profile?cid=CS-YOUTUBE-FT-VID IShares MSCI Emerging Markets Index Fund: https://www.zacks.com/funds/etf/EEM/profile?cid=CS-YOUTUBE-FT-VID IShares Core MSCI Emerging Markets ETF: https://www.zacks.com/funds/etf/IEMG/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined approximately 544 bitcoins during the first quarter of 2021. Blockcap says the $33 million worth of bitcoin stems from the firm’s fleet of 12,176 mining rigs. Blockcap Rakes in 544 Bitcoins During the last three months, bitcoin (BTC) markets have seen phenomenal gains
Federal statistics show Puerto Rico’s employment increased in recent months. According to the U.S. Bureau of Labor Statistics household survey, Puerto Rico’s number of employed increased 0.7% in March from February. According to BLS’s survey of non-farm establishments, employment went up 0.3% in the period. Though the household survey only shows a single month of
The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021. Dado Ruvic | Reuters It could be a big pay day for Keith Gill, the Reddit trading crowd’s favorite and the man who inspired the epic GameStop short squeeze. Friday is
Traders on the floor of the New York Stock Exchange. Source: CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in inflationary pressures. From Coca-Cola and IBM to Johnson & Johnson and Netflix, investors will hear
When it came to decorating their home on Manhattan’s Upper East Side, Amy Schultz and her husband, noted dermatologist and BeautyRx founder Dr. Neal Schultz, found inspiration in a familiar setting: picturesque views of the East River. “Overlooking the East River provides a sense of peace that is very rare for a New York City
A real estate investor who made a fortune shorting subprime mortgages more than a decade ago told CNBC on Friday he believes the current housing market is in a bubble. “Absolutely. I think we’re in an omni-bubble. How long does it last? It depends. How long do you keep the faucet open and this money
Georgia’s unemployment rate dropped 0.3% to 4.5% in March, the state Department of Labor said Friday, which is far below the national average of 6.0%. “Georgia’s economy is firing on all cylinders as a result of our balanced approach in protecting both lives and livelihoods during the COVID-19 pandemic,” said Gov. Brian Kemp. “While we
US stocks and bonds rallied this week, leaving Wall Street’s main equities barometer at a record peak, as the latest signs of the country’s economic recovery sparked a shift into American assets. Economic reports pointing to a quickening improvement in the labour market and a stimulus-fuelled jolt in consumer spending bolstered both foreign and domestic
Kevin Matras shows the right way to find great growth stocks at an excellent value. Highlighted stocks include ANW, AXL, JRN, MU and NTI.
Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future. According to data from on-chain monitoring resource Glassnode on April 16, Bitcoin’s network hash rate has passed total exahashes per second (EH/s) for the first time in its history.
Puerto Rico’s path to statehood remains muddled because of differences among key members of Congress on how to resolve the territory’s political status. That was highlighted at a Wednesday afternoon hearing by the House Natural Resources Committee that didn’t resolve the conflict between two competing bills that lay out different paths to follow. Chairman Raul
In this article HWIN Your Hometown Deli in Paulsboro, N.J. Google Earth Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million. The Paulsboro, New Jersey-based Your
In this article PEP A trader works on the floor of the New York Stock Exchange. NYSE Everyone knew earnings were going to be good, but this is really good. “There’s evidence every day that growth is clearly improving around the world, today from the US to Australia,” Ed Hyman, chairman and head of the
The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New New York, January 16, 2019. Carlo Allegri | Reuters The benchmark 10-year Treasury yield slid to a one-month low Thursday in a counterintuitive move that should be a positive for the stock market. Treasury yields, which move opposite price, had
Today Kimco Realty KIM , one of the largest shopping center REITs in the US, announced it was merging with Weingarten Realty WRI for $5.9 billion in a mix of stock (90%) and cash (10%). Each WRI share will be converted into 1.408 newly issued KIM stock plus $2.89 in cash per share and upon
nd3000 | iStock | Getty Images Retirees who are considering a move that involves buying a home may want to consider how they’d finance the purchase. It can be tricky for seniors to get a mortgage in retirement, said Al Bingham, a mortgage loan officer with Momentum Loans in Sandy, Utah. Not only are lenders
Dogecoin (DOGE), the meme-based altcoin which has become a favorite talking point of Elon Musk, has doubled in 24 hours to hit all-time highs of $0.29. DOGE leaves others in the dust Cointelegraph Markets Pro and TradingView showed DOGE/USD outperforming other major cryptocurrencies by an order of magnitude on April 16. In what appears an almost unbelievable move,
For several years, one of the biggest hurdles to blockchain adoption has concerned the fact that it’s a rather technical space. Experienced developers find it daunting to build decentralized apps using this technology. Meanwhile, consumers unaccustomed to tokens and crypto wallets often struggle with user interfaces that are far clunkier than what mainstream platforms provide.
The municipal market rallied Thursday with robust secondary activity, primary deals repricing lower, following better-than-expected economic data, a much stronger U.S. Treasury market, and high-yield municipal bond mutual funds reporting a record $1.28 billion of inflows. Municipals were stronger as the reality of an improved credit outlook, and strong demand buoyed by fund flows and
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