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Share to Twitter Share to Linkedin Mateus Hernandes Rodrigues—Director of International Operations at DB1 Global Software . Under development by the Federal Reserve, FedNow is a U.S. instant payment service designed to provide a fast, safe and efficient way for individuals and businesses to conduct real-time financial transactions. Inspired by the Brazilian PIX, in my previous article, Five Lessons From Brazil For Implementing FedNow , I mentioned some preparations that technology companies may have. I will now provide more detailed information on key resources, stakeholders and technical information about the service. Unlike other instant payment methods, such as PayPal, FedNow is being developed and operated by the Federal Reserve rather than a private company. This means that it will be supervised directly by the institution and will be subject to the same regulations and supervision as other payment systems that are operated by it. The … [Read more...] about On The FedNow Service: What To Expect From The First Version

Share to Twitter Share to Linkedin The Dallas Mavericks have yet to sign forward/center Christian Wood to a contract extension, which is a bit eyebrow raising considering his play over the course of the season, as well as his contractual status. Wood will be an unrestricted free agent by the conclusion of the season, allowing him to sign anywhere without any level of compensation coming back to Dallas. This would be an eerily similar situation as the one Dallas found themselves in last offseason where Jalen Brunson left the team to sign with the New York Knicks. The Brunson situation was entirely avoidable, had Dallas signed him to a three-year contract in 2018 as opposed to four years. By signing him four, per CBA regulations, Brunson qualified for unrestricted free agency status given that he was a second-round selection. Had his contract expired after three seasons, he would have been a restricted free agent, and thus Dallas would have had more control … [Read more...] about How Much Patience Does Luka Dončić Have Left For The Mavericks?

The Adani group lost over $100 billion after Hindenburg Research's investigation. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Traders who had taken a position on Adani Group stocks in the futures and options (F&O) market on February 3 had a tough day managing the volatility as the stocks saw a roller coaster ride. Initially, as Adani Enterprises plunged 35 percent, traders shifted their position to 1,000 and 1,100 strikes, especially call writers. However, a swift and sharp recovery created a squeeze for them. Bars reflect change in OI during the day. Red bars show call option OI and green put option OI. As of the close of the market, put writers maintained their position deep out-of-the-money options with the highest fresh put writing at 1,200 strike. A part of this could also be due to hedging by traders. 1,500 … [Read more...] about Adani stocks continue to unnerve traders; set up still weak for Adani Enterprises

Representative image Core Scientific Inc, one of the biggest publicly traded cryptocurrency mining companies in the United States, said on Wednesday it filed for Chapter 11 bankruptcy protection, the latest in a string of failures to hit the sector. Trillions in value has been wiped out from the crypto sector this year on rising interest rates and exacerbating worries of an economic downturn. The slump has eliminated key industry players such as Three Arrows Capital and Celsius Network. The bigger blow came after major crypto exchange FTX filed for bankruptcy protection last month. Its swift fall has also sparked tough regulatory scrutiny of how crypto firms hold funds and conduct business operations. After rapid growth in 2020 and 2021, bitcoin – the most popular digital currency by far – is down more than 60% this year. Austin, Texas-based Core Scientific said it would not liquidate and would continue to operate normally, as it expects to enter into a restructuring … [Read more...] about Crypto miner Core Scientific files for bankruptcy as industry contagion bites

Share to Twitter Share to Linkedin On January 11, a delegation of workers from the REI store in Cleveland, Ohio, formally filed for the right to hold a union election with the National Labor Relations Board, seeking representation with the Retail, Wholesale and Department Store Union (RWDSU). This came on the heels of two REI stores winning their union elections at the flagship in New York’s SoHo, and in Berkeley, California stores. These wins came despite REI efforts to union bust coast-to-coast, the RWDSU said. The worker-led movement to unionize at the store in Beachwood, Ohio, a suburb of Cleveland, has been underway for more than a year, according to the RWDSU, but workers cited the overwhelming response at REI’s SoHo flagship as the motivation they needed to move forward. The store workers in Cleveland made a push to get a majority of card signers and file for election. On January 11, REI workers at the Ohio store formally filed for a union … [Read more...] about Workers At Cleveland REI Store File For Union Election With The NLRB