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...One of the largest penalties imposed on a New York corporation, the judgment has deepened the former president’s ballooning legal costs, which he is struggling to cover while mounting a campaign for the...
...New York-based Global X offers ETFs on a variety of assets, including niches such as uranium, US infrastructure and robotics and artificial intelligence....
...Additional reporting by Sujeet Indap in New York...
...Expansion beyond the mainland began in 1998, with an office in Hong Kong, and a second phase followed with openings in other global financial hubs including Singapore, New York and London....
...Nate Wuerffel, head of market structure at BNY Mellon and a former head of domestic markets at the New York Fed, says that if the reforms are well executed, “we could be in a world where 10 years from now...
...Additional reporting by Kate Duguid in New York...
...The payment comes as Trump is scrambling to post a much larger bond to delay the enforcement of a $450mn judgment against him in the sprawling fraud case won by the New York attorney-general....
...Tesla shares fell 3.1 per cent, on track for their fifth loss in a row. The electric-car maker has fallen 14 per cent in April....
...Almost £2mn of impairment was recognised over Dalco assets, being the site closure and a software issue. The shares trade on an undemanding 14 times forward consensus earnings....
...The benchmark 10-year yield also added 0.04 percentage points to 4.14 per cent. Bond yields rise as prices fall....
...of a $450mn judgment against him in the sprawling civil fraud case won by the New York attorney-general....
...That bond was underwritten by a subsidiary of the Chubb corporation....
...new investment would all go to USW-represented facilities....
...These new statistics offer a robust foundation....
...The split between the prosperous economy and the stresses on lower-income consumers is visible in the New York Fed’s chart of auto loan delinquency rates, split out by age: Borrowers under 40, who are likely...
...Rogers has worked recently as a TV showrunner and it’s possible to imagine a movie made out of his play. ★★★☆☆ To April 14, lct.org...
...The high yield spread has dropped from 3.39 percentage points to 3.14 percentage points this year, hovering around its tightest levels since January 2022....
...The start of the year is typically a strong period for banks’ trading businesses with clients returning in January and taking new financial bets, but markets have lacked much of the frenzy of the past few...
...One of the largest penalties imposed on a New York corporation, the judgment has ballooned the former president’s legal costs, which he is struggling to cover while mounting a campaign for the presidency...
...Republican board member Jonathan McKernan and the Democratic chair Martin Gruenberg are each crafting measures that would demand new requirements of funds that hold more than 10 per cent of a bank’s shares...
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...New York Community Bank, which raised more than $1bn this month to shore up its finances and after shedding two-thirds of its market value since the end of January, had previously more than doubled its assets...
...Shorn of these valuable assets, he then sought to persuade investors to swap their old bonds for new, collateralised ones — at a discount of as much as 40 per cent to their par value....
...US credit spreads have tightened significantly since early January, helped by “technical” forces including strong demand for new paper among yield-hungry investors, after a lull in debt issuance in 2022...
...The US president told a news conference later on Wednesday that he still believed the Fed would cut rates this year, but said the inflation data released earlier might delay the timing by a month or two...
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