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Nearly a decade after its collapse, Mt. Gox is on the move again. The bankrupt crypto exchange made its largest single transfer in months. This is significant progress with just under a year left in its creditor payment schedule. Related: Mt. Gox payment ignites fear among bitcoin ETF investors The first of many crypto bankruptcies…
bitcoin Traders are losing faith in the top crypto asset’s ability to jump higher in the near term. Prediction market users on Myriad, the prediction market platform operated by Decipher parent company, Dastan, now predict a 53% chance that Bitcoin drops to $55,000 instead of increasing again towards $84,000. On Monday, users calculated a 62%…
Quick reading iShares National Muni Bond ETF (MUB) yields 3.5% tax-free with investment-grade credit quality and lower expenses, while VanEck High Yield Muni ETF (HYD) yields 4.32% through below-investment grade tobacco and Puerto Rico bonds offering tax-equivalent yields of 7.6%, and SPDR Nuveen Bloomberg High Yield Muni ETF (HYMB) yields 4.55% with a similar exposure…
MoneyGram has launched its own US dollar-backed stablecoin on the Stellar blockchain (CRYPTO: $XLM). Privately held MoneyGram joins a growing list of payments companies and banks that are moving toward stablecoins, or digital dollars, as they are known. MoneyGram’s new stablecoin is called “MGUSD” and is integrated into the MoneyGram app, allowing customers to maintain…
french asset manager Eurazeo has closed its largest direct lending fund yet at €3.9 billion (about $4.5 billion), exceeding its target by almost a third, making it one of the few European credit managers raising capital in a difficult market. Eurazeo Private Debt VII, which focuses on lending to lower middle market companies across Europe,…
Mondi is making operational changes at its corrugated packaging plants in Greven, North Rhine-Westphalia, and Ebersdorf, near Coburg, Bavaria, Germany. The aim of the work is to increase the plant’s performance, align both facilities with the safety requirements of the entire Mondi group and support its long-term position for customers and staff. The company said…
NVIDIA reached a major milestone last year. The leader in artificial intelligence (AI) chips became the world’s largest company when it reached $4 trillion in market value. But the company did not stop there. Nvidia has continued to advance and today remains the largest company, but now worth more than $5 trillion. In recent years,…
Generali Group has expanded its partnership with 3D geospatial products provider Intermap Technologies to cover more markets in Central and Eastern Europe. As part of the broader agreement, Generali will add Poland, Hungary and Slovenia to its use of Intermap’s Aquarius risk management and analysis system (RMA). The added scope is intended to improve the…
Target Corporation (NYSE:TGT) is one of the The best undervalued stocks to buy according to financial media. On May 21, DA Davidson analyst Michael Baker raised his price target on the company’s shares to $155 from $140 and maintained a “Buy” rating on the stock. Target Corporation’s (NYSE:TGT) first-quarter results reflect the first signs of…
AT&T Inc. (NYSE:T) is one of the The best undervalued stocks to buy according to financial media. On May 27, the company highlighted that it maintains its long-term outlook and capital allocation plans, including its outlook for improved adjusted EBITDA and adjusted EPS growth, and an increase in FCF through 2028. AT&T (T) maintains long-term…
