The pitch was for what’s known as a syndicated conservation easement, a land deal that the Internal Revenue Service says is often an abusive tax shelter. While no one has alleged anything improper with the Mississippi deal, Beer rejected it as “economically absurd.” Still, plenty of others have said “yes” to similar ones marketed across […]
President Rodrigo Duterte sees economic zones as key to boosting investment in the Philippines and creating jobs, particularly in less developed areas outside the capital. Plaza said defense companies from Korea, Israel, China and Russia have expressed interest in setting up shop in the Philippines. Among areas under consideration are Camp Evangelista on Mindanao island […]
Square shed as much as 3.1% on Monday ahead of reporting results on Tuesday postmarket, when investors will be watching for progress on the firm’s Bitcoin and retail trading initiatives. Revenue from Bitcoin sales — which includes the total value of Bitcoin traded on its Cash App — climbed more than elevenfold to $3.51 billion, […]
Stacks of bitcoins sit near green lights on a data cable terminal inside a communications room at an office in this arranged photograph in London, U.K., on Tuesday, Sept. The firm then protects itself from the digital currency’s famous volatility by buying and selling Bitcoin futures in block trades on CME Group Inc., using Cumberland […]
Liquefaction facility on Corpus Christi Bay in Portland, Texas, U.S., on Friday, Feb. Over the past 24 hours, both Cheniere Energy and Sempra Energy, two of the largest American exporters of liquefied natural gas, announced they were looking to add carbon capture and sequestration capabilities to their projects. The moves come as the industry works […]
While his agency currently has authority to regulate digital coins that are considered securities, trading in the world’s biggest cryptocurrency represents an oversight gap, Gensler said Thursday during a hearing of House Financial Services Committee. His comments on crypto are the clearest yet on how he plans to regulate the nascent industry. …Read the full […]
Ether, the second-largest currency, rose to a record as interest in so-called alt coins continues to surge. For most people it makes sense just to start with the top two: Bitcoin and Ether. “Ether is a blockchain platform that functions like the Apple store or Android app store,” said Pat LaVecchia, chief executive officer of […]
The third coalition force, United Poland, voted against the package. “We can’t waste this opportunity,” Prime Minister Mateusz Morawiecki told parliament ahead of the vote. The package, which was passed by Polish lawmakers in a vote of 290 to 33 with 133 abstentions, still requires the approval of seven more of the bloc’s 27 members. […]
is pushing efforts to roll back the most comprehensive biometric privacy law in the U.S., even as the company and its peers face heightened scrutiny after the unauthorized sharing of data at Facebook Inc. AES, an international power plant developer, said the deal will result in the construction of 500 megawatts of solar, wind, small-scale […]
Zhao, who runs the world’s largest Bitcoin exchange, said digital assets issued by central banks will be different than public coins in many ways. Differences between the two types of coins could make the central-bank version unattractive to people drawn to the crypto world. Bitcoin and Ether have hit all-time highs this year as institutional […]
In the U.S., most capacity restrictions will be lifted in states around the New York region starting later this month. “We’ve likely put the worst of Europe behind us,” and “as they turn toward reopening, that will help,” said Rob Haworth, senior investment strategist at U.S. benchmark crude futures have rallied more than 30 per […]
The company, which completed the deal on Monday, will have a market value in excess of $8 billion, making it a giant in the fast-growing cannabis industry. Simon, the founder and former CEO of tea and packaged-food company Hain Celestial, has the background to lead Tilray’s charge deeper into the consumer world. In Canada, where […]
The streaming wars are leaving smaller programmers and studios faced with the inevitability of selling to one of the handful of companies set to dominate the world of online video subscriptions: Amazon.com Inc., Apple Inc., AT&T Inc., Netflix Inc. …Read the full story
Employees tend to marijuana plants at the Aurora Cannabis Inc. Licensed cannabis producers typically get paid once they deliver their products to provincial wholesalers, which then distribute products to retail stores. There are over 650 legal physical cannabis stores open in Ontario, the most of any province, which all rely on the OCS to be […]
Gutov, who works in a Moscow-based staff-outsourcing firm by day, is among a growing number of Russians who have embraced mining as the price of cryptocurrencies such as bitcoin and ether has soared. The largest digital currency now accounts for about 46% of total crypto market value of $2.3 trillion, down from roughly 70% at […]
In March, about 18 intruders tried to force their way into a shareholder meeting held by brokerage Convoy Global Holdings Ltd. Anthony Neoh, a former chairman of Hong Kong’s Securities and Futures Commission, called the use of force at shareholder events “the tip of the iceberg” in a long-standing struggle against bad behavior in the […]
The main index in Kuwait rose 0.5%, the biggest advance, with gauges in Dubai, Abu Dhabi and Oman also up. OPEC and its allies see world consumption rebounding by 6 million barrels a day this year, what could continue to provide a boost to shares in Saudi Arabia, the world’s biggest crude oil exporter. A […]
Thanks to record issuance, the SPAC boom and the pandemic-fueled collapse in buybacks, the supply of equities across the developed world has turned positive for the first time in a decade, according to Sanford C. What started as a rush to shore up balance sheets during the Covid crisis has morphed into a spree of […]
A person stands in front of a view of One World Trade Center along the waterfront in Jersey City, New Jersey, U.S., on Monday, April 5, 2021. — It came as a shock on Wall Street the last few days, how much better the world’s biggest companies were doing than anyone thought. Thirteen months into […]
and Canadian cannabis stocks tracked by S3 Partners increased by $346 million to $3.14 billion over the last 30 days, according to a report dated April 29, though that was still $288 million shy from the level when the year started. ranked among the highest in total short interest as a percentage of float at […]