News

Oct 12
The Pound slowed down its decline. Overview for 12.10.2022

The Pound Sterling is trying to reach stability against the USD. The current quote for the instrument is 1.0990. The statistics published by the United Kingdom in the morning weren’t too positive. The GDP lost 0.3% m/m in August after adding 0.2% m/m in July. The Industrial Production declined 1.8% m/m in August after losing […]

Oct 12
Middle East gets physical Bitcoin ETP listed on Nasdaq Dubai

The Middle East, one of the world’s fastest-growing crypto markets, now offers a new opportunity for direct investment in Bitcoin through the 21Shares Bitcoin E… Source: Cointelegraph

Oct 12
Cannabis company TerrAscend secures $45.5 mln loan with 12.8% interest rate

TerrAscend Corp. TRSSF, +1.34% TER, +0.98% said Wednesday its New Jersey and Maryland subsidiaries have closed on a $45.5 million, non-brokered senior secured term loan from funds managed by Pelorus Equity Group. The loan currently bears interest of 12.77% per year and is based on a variable rate tied to the one month secured overnight financing rate (SOFR), with interest-only […]

Oct 12
Biden says he doesn’t expect U.S. recession, but if there is one it will be ‘very slight’

President Joe Biden told CNN in an interview that aired late Tuesday that he didn’t expect a recession for the U.S. economy, after he was asked if Americans should prepare for one. “I don’t think there will be a recession. If it is, it will be a very slight recession,” Biden said. “Look, it’s possible. […]

Oct 12
Starbucks, Delta Air Lines link loyalty programs

Starbucks Corp. SBUX, +0.84% and Delta Air Lines Inc. DAL, +0.29% said that starting Wednesday, those who are enrolled in both the coffee seller’s and air carrier’s loyalty program can link their accounts. Starbucks’ stock rose 0.4% in premarket trading and Delta shares gained 0.2%. Once linked, U.S. customers will earn one mile with Delta […]

Oct 12
Blackstone plans to raise $3 bln in fresh capital in new Resolution Life pact

Blackstone Inc. BX, +0.91% and Resolution Life plan to raise $3 billion of new equity capital, including a $500 million strategic investment from Blackstone, as part of their new global life insurance and annuity consolidation business. The arrangement will boost Resolution Life’s total equity capital base to more than $8 billion. Blackstone will also handle […]