Armin Laschet has won the backing of Germany’s governing Christian Democratic Union in his bid to succeed Angela Merkel as chancellor, after a campaign that exposed deep rifts in the party five months before national elections. Thirty-one of 46 members of the CDU’s executive committee backed Laschet in a secret vote, with his rival, Markus
A recent court decision will provide nothing more than a temporary boost to the U.S. Virgin Islands, Moody’s Investors Service said. The United States Court of Appeals for the First Circuit determined in mid-April the government wasn’t responsible for $43 million in interest and fees, after a lower court ruled the USVI had topay over
A lawsuit accusing crypto exchange Bibox of selling six unregistered securities was thrown out of a U.S. District Court after Judge Denise Cote ruled the plaintiff had failed to file the complaint within 12 months of trading the tokens. Plaintiff Alexander Clifford filed the class-action complaint on June 3, 2020, seeking to recover investments he
Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an “altcoin season.” A quick view of Crypto Twitter shows the schism between traders who are certain we are halfway through alt season and those who
Rendering of a United Launch Alliance’ Atlas V rocket carrying Amazon satellites. ULA/Amazon Amazon is preparing to send its first Project Kuiper internet satellites into orbit, with Jeff Bezos‘ company announcing on Monday that it signed a contract with United Launch Alliance for nine launches. ULA, a joint venture of Boeing and Lockheed Martin, will
Traders on the New York Stock Exchange. Source: NYSE This is a very powerful rally. The combination of surprisingly strong economic reports and even more surprisingly strong earnings reports is pushing broad swaths of the U.S. stock market to new highs. Even the technicians are impressed. “The vast majority of NYSE stocks are in intermediate-term
In this article STLD ZION ELS UAL IBM Pedestrians walk past the IBM building in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell on Monday: IBM — Shares of the computer hardware company ticked up 2.9% after IBM reported better-than-expected results for the first quarter. IBM posted earnings
The Solar Decathlon run by the United States Department of Energy is an extraordinary collegiate event which happens every two years. This year was no exception. The first place winner of this event went to the University of Colorado Boulder team. They attempted to build affordable housing to accommodate local residents who are being financially
With storms intensifying, rainfall increasing and sea levels rising, waterfront property owners have to get more creative. For some, that means moving to higher ground, but for others, it’s just moving the house higher. House lifting has long been a strategy for waterfront real estate, but it is now becoming a far bigger business due to
Rebounding from a dramatic drop in revenue during the pandemic, the North Texas Tollway Authority has regained a stable outlook on its A-plus rating from S&P Global Ratings ahead of an $852 million bond refunding. “The outlook revision reflects our view of the improvement in NTTA’s monthly toll transactions to near 100% of its 2019
Consumers around the world have stockpiled an extra $5.4tn of savings since the coronavirus pandemic began and are becoming increasingly confident about the economic outlook, paving the way for a strong rebound in spending as businesses reopen. Households around the globe accumulated the excess — defined as the additional savings compared with the 2019 spending
The U.S. central bank should continue to maintain monetary stimulus even as the U.S. economy is starting to experience rapid growth, said Federal Reserve Gov. Christopher Waller. “Just because the growth rates are really good and everything’s looking like we’re heading out in the right direction, we’re still trying to make up a lot of
Former SEC Chairman Harvey Pitt says that he expects a “fair amount” of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman. Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation Harvey Pitt talked about the future of cryptocurrency regulation under the new chairman, Gary
SpaceX CEO Elon Musk raises his arms in celebration beneath a Starship rocket prototype under construction in Boca Chica, Texas. Steve Jurvetson on flickr Elon Musk’s SpaceX beat out teams led by Jeff Bezos’ Blue Origin and Leidos subsidiary Dynetics to win a nearly $3 billion contract to build NASA’s next crewed lunar lander, The
Aaron Newsom, left, an installer for the solar company, Sunrun, and Tim McKibben, a senior installer, prepare solar panels to be installed on the roof of a home in Granada Hills. Mel Melcon | Los Angeles Times | Getty Images Check out the companies making headlines before the bell: Morgan Stanley (MS) — Morgan Stanley
While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as regulators have approved three different Ethereum ETFs in a single day. Purpose Investments, Evolve ETFs, and CI Global Asset Management were
As recently as just a few years ago, it used to be that the hardest part about buying a house for most people was going through the financial colonoscopy of getting approved for a mortgage. Now, that’s the least of buyers’ worries. In virtually every American city right now, many single-family homes hitting the
Matthew Turner (on the right) and his husband, Gerard. Photo: Matthew Turner Since Matthew Turner was laid off in October, he estimates he’s applied to close to 600 jobs, with no luck. Nearly as difficult has been his hunt for rental assistance. Turner’s contacted many local organizations in North Carolina where he lives, but has
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
The US and China have committed to work together to urgently combat climate change despite rising tensions over Beijing’s assertive policies on Taiwan and the South China Sea and over human rights in Hong Kong and Xinjiang. John Kerry and Xie Zhenhua, the climate envoys for the world’s two biggest economies, have vowed to co-operate
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