Tag Archives: Bill

The latest congressional infrastructure bill, which includes provisions on the regulation of crypto assets, could help legitimize cryptocurrencies within the mainstream financial community, says MoffettNathanson Partner Lisa Ellis. “What’s been holding up the crypto ETFs is that the SEC has very stringent requirements for things like liquidity, transparency, price stability,” Ellis said. “[There are] very well-established rules when it comes to stock investing,” she said. “Those same… Source link

With its stock price down about 72% year-to-date amid an overall cooling in the SPAC craze, QuantumScape founder and CEO Jagdeep Singh has a message to the market.  The upstart solid state battery maker remains on track with everything it said it would do when it debuted via a SPAC transaction late in 2020.  Singh said on Yahoo Finance Live the company is still eyeing commercialization of its battery technology in the 2024-2025 timeframe. Its key partner and backer Volkswagen will be the… Source link

Democratic lawmakers continue to pressure President Biden to extend the student loan pandemic payment pause and enact student loan forgiveness. “Tick tock, tick tock — over 30 million Americans will have a bill coming due in about two months,” said Senator Elizabeth Warren (D-MA) during a press conference. “The payment pause is running out on student loan debt payments. The size of these payments for many borrowers is the size of their rent, their car payments, groceries, child care —… Source link

By David Lawder and Joel Schectman    WASHINGTON, July 18 (Reuters) – U.S. lawmakers trying to salvage a $1.2 trillion bipartisan infrastructure bill have dropped a provision to beef up tax enforcement, Republican Senator Rob Portman said on Sunday, setting aside a significant revenue-raising measure.    The provision, aimed at increasing Internal Revenue Service (IRS) collections, will instead likely be added to a separate budget “reconciliation” bill being pushed by Democrats as a… Source link

The prospect of a retreat from Hong Kong was floated in a letter released publicly this week by the Asia Internet Coalition (AIC), a Singapore-based association that counts Facebook (FB), Twitter (TWTR) and Google (GOOGL) as members. The memo, which is dated June 25 and sent by the group to Hong Kong’s privacy commissioner for personal data, Ada Chung Lai-ling, pushes back on a recently introduced bill that seeks to crack down on doxxing. The practice refers to the sharing of private… Source link

PHILADELPHIA (AP) — Pennsylvania’s highest court threw out Bill Cosby’s sexual assault conviction and released him from prison Wednesday in a stunning reversal of fortune for the comedian once known as “America’s Dad,” ruling that the prosecutor who brought the case was bound by his predecessor’s agreement not to charge Cosby. Cosby, 83, flashed the V-for-victory sign to a helicopter overhead as he trudged into his suburban Philadelphia home after serving nearly three years of a… Source link

President Biden announced a huge bipartisan infrastructure deal on Thursday, then spent the next four days trying to assure progressive Democrats he will also fight hard to pass a more sweeping package while assuring moderate Republicans and Democrats he is totally committed to the bipartisan package and would sign it if it arrived at his desk. On Tuesday, Biden will host members of the Congressional Progressive Caucus at the White House to shore up support for the package on the left, then… Source link

Joining the “ETF Report” with hosts Alexis Christoforous and Kristin Myerson, ETF Trends CEO Tom Lydon spoke to what investors should be expected following the recent infrastructure deal. As far as what ETFs to look at for the investors looking to find exposure based on the infrastructure deal, Lydon points out the Global X Infrastructure And Development ETF (PAVE), the iShares Global Infrastructure ETF (IGF), the iShares U.S. Infrastructure ETF (IFRA), the FlexShares STOXX Global Broad… Source link

PHOENIX — Saving your passwords and even your payment information on your phone may make online shopping a lot quicker, but it could also leave you open to some unexpected charges. Kathy says she learned the hard way after she got a fraud alert from her bank. “I was absolutely appalled. They had drained the entire checking and savings account,” said Kathy. Almost $9,000 was gone. She says even more surprising, all the money went to buy games through Google Play. Kathy says she did link her… Source link

In a resounding bipartisan vote, the House of Representatives passed a bill Wednesday making Juneteenth, the day commemorating the official end of slavery in the United States, a federal holiday.  The final vote on the Juneteenth National Independence Day Act was 415-14, and the bill now heads to President Biden’s desk for signature into law.  “We cannot change the future if we do not recognize the past,” Rep. Joyce Beatty, D-Ohio, chair of the Congressional Black Caucus said on the… Source link