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Hawaiian Electric, others reach $4B settlement with Maui wildfire plaintiffs (NYSE:HE)
My Photographer Friend/iStock via Getty Images Hawaiian Electrical Industries (New York:HE) and six other defendants have reached a $4 billion settlement that will resolve lawsuits filed by hundreds of victims of last year’s Maui wildfires. Under the proposed global settlement, which remains subject to final documentation and court approval, Seven…
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Hawaiian Electric, others reach $4B settlement with Maui wildfire plaintiffs (NYSE:HE)
My Photographer Friend/iStock via Getty Images Hawaiian Electrical Industries (New York:HE) and six other defendants have reached a $4 billion settlement that will resolve lawsuits filed by hundreds of victims of last year’s Maui wildfires. Under the proposed global settlement, which remains subject to final documentation and court approval, Seven…
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USD/CAD pushes higher as brent crude extends decline to $3
Commodity currencies are in an interesting position at the moment. The US dollar is falling on several fronts as the market reconsiders the path of the Federal Reserve’s money. But they are reconsidering that because of slowing growth and inflation. Prices are also relatively high in the commodity bloc, currently…
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Top 4 Meme Coins Besides Shiba Inu And Dogecoin That Could Do Great In August
In the current cycle, meme coins have managed to outperform utility coins, with coins like Dogecoin and Shiba Inu remaining prominent players. However, given how much Dogecoin and Shiba Inu have already grown, crypto investors are seeing their gains limited, prompting them to move towards other meme coins for higher…
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The legacy of Paris puts future Olympics at risk—is it time to pick a single, permanent host for the games?
Paris won the 2024 Olympic Games with the promise of hosting the most economical and sustainable Games in modern history. By leveraging existing infrastructure for 95% of events, complying with the Paris Agreement on climate change, and renewing the reputation of the Games, Paris has set a new standard for…
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Hedge funds grow bearish amid economic slowdown jitters, Goldman says By Reuters
Written by Carolina Mandel NEW YORK (Reuters) – Global hedge funds continued to add bearish bets on stocks to their portfolios in the week to Aug. 1 as fresh data raised concerns that the U.S. economy is slowing faster than expected, Goldman Sachs said in a note to clients. Goldman…
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Morgan Stanley to Offer Bitcoin ETFs to Wealth Clients: CNBC
In a major move among Wall Street’s biggest banks, Morgan Stanley will soon allow its financial advisers to offer bitcoin exchange-traded funds to certain clients, according to CNBC. ReportsStarting Wednesday, the firm’s 15,000 advisors will be able to offer exposure to BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin…
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KenGen ordered to pay Sh10 million for farms destroyed by oil spill
A court has ordered Kenya Electricity Generating Company Limited (KenGen) to pay Sh10 million to some farmers whose farmlands along the Tana River were damaged by oil leakage from its power plant during the rainy season. The Garissa Environment and Land Court ordered Kingen, under the supervision of the Garissa…
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What will be the main earnings releases for the week starting August 5
This week was certainly the biggest of the quarter, with 4 of the 7 “Magnificent 7” announced including Meta, Apple, Amazon and Microsoft. How did those stocks perform this week? Two stocks rose and two fell, with Amazon the worst performer as it failed to generate revenue (its first failure…
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Hawaiian Electric, others agree to $4 billion Maui wildfire settlement By Reuters
(Reuters) – Hawaiian Electric Industries Inc said on Friday it is among defendants who have agreed to pay $4 billion to settle lawsuits related to deadly wildfires on Maui. The island’s utility and its parent company, Hawaiian Electric, are responsible for paying $1.99 billion of the pre-tax amount, which includes…
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Bitcoin mining stocks end the week in a slump
Many U.S.-based cryptocurrency mining stocks are reflecting Bitcoin’s weakness and trading lower at the end of the week. At the time of writing, Hut 8’s stock price is down 11.2% to $12.34 per share. CleanSpark’s stock is now trading at $13.35 per share, down 11.35%, while Riot Platforms’ stock is…
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High Arctic Announces TSX Venture Exchange Conditional Approval of Listing of SpinCo Shares
This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on August 2, 2024 •…
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High Arctic Announces TSX Venture Exchange Conditional Approval of Listing of SpinCo Shares
This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on August 2, 2024 •…
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How reflexive is the economy to the stock market?
The Nasdaq is down 10.4% since its high just three weeks ago, but when you look at the broader picture, it’s a minor correction after a stunning rally. Nasdaq Weekly If stocks can stabilize here, this episode will quickly be forgotten. The problem is that we may see more selling,…
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Bitcoin Reserve Push: Over 1,100 Letters Sent To US Senators For Bill Support
Bitcoin as a strategic reserve asset in the United States is seeing a major reaction from the cryptocurrency industry as Dennis Porter, CEO and co-founder of the Satoshi Action Fund, announced open A huge wave of messages from the community to US Senators He urged them to support the bill…
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Bitcoin Reserve Push: Over 1,100 Letters Sent To US Senators For Bill Support
Bitcoin as a strategic reserve asset in the United States is seeing a major reaction from the cryptocurrency industry as Dennis Porter, CEO and co-founder of the Satoshi Action Fund, announced open A huge wave of messages from the community to US Senators He urged them to support the bill…
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Viola Credit closes $600m of $1.5b credit fund
Viola Credit, a global asset fund that provides credit to emerging companies, today announced the first close of its $600 million third fund, designed to provide asset-backed credit to global fintech companies. Viola Credit says this is the first phase of a $1.5 billion deal, which will fully close in…