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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Legal newsThe US authorities cracked a $3.4 billion crypto heist case, The Wall Street Journal reported. James Zhong, at the time a computer-science student, stumbled upon a software bug in 2012 while withdrawing money from his account on the infamous Silk Road, after which he created new accounts stealing 50,000 bitcoins (BTC), worth around $600,000, within a few hours, court papers from federal prosecutors show. By late 2021, this was worth $3.4 billion. In November 2021, federal agents, armed…
Shares in LVMH, the world’s biggest luxury group, jumped to a record high after it reported strong first-quarter sales buoyed by the economic re-opening in China. The stock of Europe’s most valuable company rose 4.6% Thursday to hit €875 ($965) apiece, boosting the fortune of its owner Bernard Arnault, already the world’s richest man. LVMH (LVMHF) was targeted by opponents of French President Emmanuel Macron’s pension reforms on Thursday. Protesters taking part in a nationwide strike against an increase in the retirement age forced their way into the company’s headquarters in Paris. “If Macron wants to find money to finance…
If you’re a job seeker, here’s a piece of advice you likely won’t hear from anyone else: Never ever ask an employer what their remote work policy is during the job interview.Before you say, “OK, boomer. Times have changed!”, know that I’m actually a firm believer in hybrid and remote work. It removes much of the pointless face time and unnecessary friction of office life. Plus, people who have more agency in their lives are generally happier.But it’s time to face reality. As the Federal Reserve continues its rate-hiking campaign to tame inflation, millions of jobs could be at risk…
Donald Trump said he is being deposed Thursday in New York City as part of the state attorney general’s $250 million civil lawsuit alleging widespread fraud by the former president and his company.Trump announced on social media overnight that he had “just arrived in Manhattan for a deposition in front of” New York Attorney General Letitia James as part of the sweeping lawsuit.In another post Thursday morning, Trump said he was “heading downtown” to be deposed. He accused James of leaking that the appointment was scheduled at 9:30 a.m. ET.His trip marks the second time in less than two weeks…
The number of Americans filing for unemployment benefits rose more than expected last week, evidence the labor market is beginning to soften in the face of higher borrowing costs. Figures released Thursday by the Labor Department show initial claims for the week ended April 8 rose by 11,000 to 239,000. That is above the 2019 pre-pandemic average of 218,000 claims.Continuing claims, filed by Americans who are consecutively receiving unemployment benefits, fell slightly to 1.81 million for the week ended April 1, a decrease of 13,000 from the previous week. MAJORITY OF WORKERS REGRET QUITTING DURING ‘GREAT RESIGNATION’ The labor market…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Based on data compiled by Credible, mortgage rates for home purchases are mixed with two key rates holding steady and two key rates falling since yesterday. Rates last updated on April 13, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace,…
The marital home is often a couple’s largest asset and can also be their largest debt. It is where families are started, children are raised, and memories are shared. There are typically strong feelings about the marital home post-divorce given it is commonly the asset with the most emotional ties for the family. Besides all the emotions and memories wrapped up in the property, there are several financial and social implications to consider when deciding whether it is in your best interest to keep your marital home after divorce. Affordability Likely the most important consideration when weighing your housing options…
Intuitive Surgical (NASDAQ: ISRG) is scheduled to report its Q1 2023 results on Tuesday, April 18. We expect Intuitive Surgical ISRG to report revenue and earnings slightly above the street estimates, driven by a rise in total procedures volume. Although we believe the company will navigate well during the quarter, the stock has little room for growth, as discussed below. Our interactive dashboard analysis on Intuitive Surgical Earnings Preview has additional details (1) A rise in procedure volume to drive revenue growth Trefis estimates Intuitive Surgical’s Q1 2023 revenues to be around $1.61 billion, marginally above the $1.59 billion consensus…
Key News Overnight the Hang Seng Index and the Hang Seng Tech closed at +0.17% and -0.17% after US-listed China ADRs fell more than -4% yesterday! Let’s compare how Hong Kong’s most heavily traded closed in Hong Kong today versus their US-listed ADRs yesterday: Tencent gained +1.68% versus a -5.42% drop, Alibaba HK fell -1.98% versus a -5.93% drop, and Meituan closed flat at -0.08% versus a -5.61% drop. Other Hong Kong internet stocks versus their US ADRs were JD.com HK -2.03% versus -7.65%, Baidu HK +0.07% versus -0.21%, NetEase HK +0.71% versus -1.08%, and Trip.com HK -1.53% versus -4.91%.…
