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2022 Year In Review: Crypto Policy Experiences Massive Turbulence In Congress Amid TerraUSD And FTX Failures

December 23, 2022 by www.forbes.com

Share to Twitter Share to Linkedin What Happened In 2022 Even before a months-long winter engulfed the digital-assets market, 2022 was shaping up as the year that Washington began to get serious about regulating the cryptocurrency business. That resolve was bolstered throughout the year by a series of calamities that included a massive stablecoin failure of terraUSD and the associated luna, with contagion effects that impacted BlockFi, Celsius Network and Voyager Digital exchange that called into question the ability of crypto exchanges to be digital asset custodians that would protect investors’ assets. Essentially, the crypto industry managed to recreate the same risks of the traditional banking system, in which the institutions that were responsible for holding customer’s assets were simultaneously lending funds, leading to leverage, liquidity and capital conflicts. Before the year could end, the third-largest exchange, FTX – previously seen as a … [Read more...] about 2022 Year In Review: Crypto Policy Experiences Massive Turbulence In Congress Amid TerraUSD And FTX Failures

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Checks & Imbalances: Hunter Biden’s Art Price Tag Is ‘Pretty Much Unheard Of’

February 4, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Today we look at Hunter Biden’s controversial art career and examine the Trump Organization’s recent job postings. This is the web edition of the free Checks & Imbalances newsletter, usually sent to inboxes on Fridays. You can subscribe here . Please support this work, if you can, by subscribing to Forbes . Hunter Biden’s Art Price Tag Is ‘Pretty Much Unheard Of’ Reporter Carlie Porterfield joins “Forbes Newsroom” to discuss the Hunter Biden art saga . Tip Me Any tips or suggestions? Email me at [email protected] or call/SMS/Signal 202.804.2744. Follow me on Mastodon at @[email protected] . Thanks! Senate Democrat Michael Bennet Asks Apple And Google To Ban TikTok From App Stores “Colorado Senator Michael Bennet (D) has called on Apple and Google to remove TikTok from their app stores , citing concerns that the app could share private American user data with … [Read more...] about Checks & Imbalances: Hunter Biden’s Art Price Tag Is ‘Pretty Much Unheard Of’

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Bundesliga: DFL Hopes To Generate $2.7 Billion While Leaving 50+1 Untouched

February 4, 2023 by www.forbes.com

Share to Twitter Share to Linkedin The governing body of the Bundesliga, and 2. Bundesliga Deutsche Fußball Liga (DFL) has created a framework, which could open the doors for foreign investors. Kicker , Bild , and Transfermarkt reported on Saturday that the DFL is looking for an investor to buy a 12-15% stake in a yet-to-be-created licensing company. That new licensing company will then have the ability to sell national and international television rights to a foreign investor over a set time of 25 to 30 years. According to the reports, the DFL hopes to generate around €2.5 billion to €3 billion ($2.7 billion to $3.25 billion) by selling a minority stake in the DFL’s television rights. Bild reported that seven investors from the United States and Asia are interested in a potential investment. Any investment will be limited to television rights and will not include stakes in the Bundesliga or 2. Bundesliga. Furthermore, any investor will … [Read more...] about Bundesliga: DFL Hopes To Generate $2.7 Billion While Leaving 50+1 Untouched

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Boeing Stock Nosedives Then Recovers After Missing Earnings, EPS – And Their Long Road Of Struggles Isn’t Over Yet

February 3, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Key takeaways Boeing lost $1.75 per share, with analysts expecting earnings of $0.26 per share The airliner is still recovering from the pandemic and the grounding of the 787 Max The company expects short-term turbulence with its stock, but the long-term outlook is smoother Boeing is one of the largest aerospace companies in the world and a popular investment option for both retail and institutional investors. It's been in business for over a century, making it an essential part of the economy nationally and globally. However, the company has had its share of issues in the last few years, and the stock has paid the price. With the recent announcement of fourth-quarter earnings, is now the time to buy shares of Boeing? Here is what investors need to know, and how Q.ai can help investors navigate the markets amid earnings reports. Boeing in the news Boeing posted a $650 million operating loss in Q4 … [Read more...] about Boeing Stock Nosedives Then Recovers After Missing Earnings, EPS – And Their Long Road Of Struggles Isn’t Over Yet

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Coronavirus Could Be A $12 Billion Hit To Entertainment And Audiences May Never Be The Same

March 18, 2020 by www.forbes.com

Share to Twitter Share to Linkedin They’re all closed. Movie Theaters. Bars. Nightclubs. Arenas. Cafes. In New York, Broadway and museums are shuttered. In San Francisco it’s even more dire. Across the country and the world, cities are shutting down, leaving humans from Seattle to Shanghai without traditional ways of finding distraction. The mandate for social distancing that has proven essential at slowing the spread of the coronavirus will cut about $12 billion of entertainment revenue from the U.S. if the shutdown lasts until July, as President Trump signaled . Billions more are not being spent on creating new content as film and television production is frozen. Things could get a lot worse. “ This is definitely unprecedented and turning everyone's lives completely upside down,” says Ryan Borba, managing editor at concert tracker Pollstar. The concert and live event industry brought in $34 billion last year, according to … [Read more...] about Coronavirus Could Be A $12 Billion Hit To Entertainment And Audiences May Never Be The Same

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Economic Survey 2023: Total assets under FPIs grow despite huge outflows

January 31, 2023 by www.moneycontrol.com

Moneycontrol looks into major sectors that are poised to generate employment as per the Economic Survey 2023. Total assets under custody of Foreign Portfolio Investors (FPIs) increased by 3.4 percent owing to the strong macroeconomic fundamentals of the Indian economy and improvement in market risk appetite from time to time, according to the Economic Survey 2022-23 released by the Finance Ministry on January 31. Despite the uncertain macro environment considering the inflation and geopolitical concerns, the total assets under custody of FPIs increased to Rs 54.0 lakh crore at the end of November 2022 as compared to Rs 52.2 lakh crore at the end of November 2021. Ironically, this increase comes at a time when Indian equities are witnessing huge FPI outflows. Also Read | Economic Survey 2023 shines light on growing demat accounts tally, flags declining additions During FY23, if we look at the overall net investments by FPIs, the market saw an FPI outflow of Rs … [Read more...] about Economic Survey 2023: Total assets under FPIs grow despite huge outflows

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