Finance, Banks, Cryptocurrency, Metals Archives

Disney’s Shareholders’ Proxy Proposals Fail At Annual Meeting

3Apr

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Globalization, Disintegration, Nationalism, Populism, Types of News: Brief

Disney’s Shareholders’ Proxy Proposals Fail At Annual Meeting

April 3, 2023—Shareholders weighed in on several political issues at The Walt Disney Company's annual meeting. They included votes about its charitable contributions, its political contributions, and its business in China. Voting is tallied based on the number of shares, and the shares weighed heavily in favor of the company's recommendations. Furthermore, it should be noted that 64 percent of Disney's 1.16 billion shares are held by institutional investors. Shareholder Proxy Votes On one proxy vote, the National Legal and Policy Center, NLPC, a Disney shareholder and a public-interest nonprofit group, asked Disney to publish an annual report on the company's dealings in and with China. That vote went down 7.1 shares supporting the proxy measure, 88.9 opposing it, and 4 percent a...

Banking System Is ‘Safe’ And ‘Sound,’ Fed Chair Says

22Mar

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Finance, Currency, Debt, National Budgets & Interest Rates, Types of News: Brief

Banking System Is ‘Safe’ And ‘Sound,’ Fed Chair Says

Federal Reserve Chair Jerome Powell answered press questions on March 22, 2023. Rate Hike Takes Place In Environment Of Uncertainty March 22, 2023—Federal Reserve Chair Jerome Powell assured the public and press on Wednesday that the U.S. banking system is "strong, sound, and well capitalized." His comment came less than two weeks after several banks, namely U.S.-based Signature Bank and Silicon Valley Bank and Swiss-based Credit Suisse, failed. The Federal Reserve Committee announced today it is raising the federal funds rate to a range of 4.75-5 percent in light of persistently high inflation. Powell said the Fed would have to bring inflation down to 2 percent because "the costs of failing are much higher." The Fed's decision follows a similar rate increase by the European C...

Economic Sands Shift: ‘B’ Is For ‘Beginning’

16Mar

By Patti MohrNo Comments

Europe, EU, Eurozone, and United Kingdom, Finance, Banks, Cryptocurrency, Metals, Finance, Currency, Debt, National Budgets & Interest Rates, Global Economics, Types of News: Videos

Economic Sands Shift: ‘B’ Is For ‘Beginning’

March 16, 2023-Recent turmoil in the banking sector in the United States and Europe poses a challenge to governments facing inflation. Here's my take. Due to the lag effect of central bank policies, what we are seeing in the banking sector is a beginning not an end to financial troubles. https://www.youtube.com/watch?v=oyBfFctQYn4

ECB Raises Interest Rates Despite Signs Of Credit Crunch

16Mar

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Finance, Currency, Debt, National Budgets & Interest Rates, Types of News: Brief

ECB Raises Interest Rates Despite Signs Of Credit Crunch

ECB raises rates by 50 basis points on March 16, 2023. March 16, 2023—The European Central Bank raised its three key interest rates by 50 basis points in response to persistently high inflation. That increases the main refinancing operations, the marginal lending facilities, and the deposit facility to 3.5 percent, 3.75 percent, and 3 percent, respectively. Those rates are up from 0.00 percent, 0.25 percent, and -0.50 percent in June 2022. The move comes in the middle market turmoil stemming from pressure in the banking system over recent rate rises. In its press release, the ECB noted an "elevated level of uncertainty." It takes place as financial distress hits the banking sector in the United States and in Europe. Two U.S. banks collapsed in less than a week, posing a ripple eff...

US Regulators Act Following Bank Collapses

14Mar

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Finance, Currency, Debt, National Budgets & Interest Rates, Types of News: Brief, United States

US Regulators Act Following Bank Collapses

Run On Bank Was First Sign Of Significant Volatility Amid Rate Hikes March 14, 2023—U.S. regulators and policymakers acted swiftly over the weekend following the collapse of Silicon Valley Bank on Friday and Signature Bank on Sunday. The runs on the banks by customers are the first signs of major volatility following the Federal Reserve's multiple rate hikes to reduce inflation. The government through the Federal Deposit Insurance Corporation provided a risk-exception guarantee for all bank deposits of the two banks. That mitigated the risk of additional runs on banks. The details are as follows: The FDIC's guarantee would not apply to investors or unsecured debt holders. Regulators removed senior management of the banks. The FDIC took over Silicon Valley Bank and opened Signature...

Disney Faces Shareholder Proxy Vote On China

23Feb

By Patti MohrNo Comments

Finance, Banks, Cryptocurrency, Metals, Globalization, Disintegration, Nationalism, Populism, Types of News: Analysis

Disney Faces Shareholder Proxy Vote On China

Disney in Shanghai UPDATE: The shareholder proposals went down at the April 3, 2023 annual meeting. Feb. 23, 2023—Coming soon on a proxy vote near you: Disney shareholders will have a say in whether the company should disclose details about its operations in China. The Walt Disney company, DIS, faces several shareholder proxy votes when it holds its annual meeting on April 3. They include votes about its charitable contributions, its political contributions, and its business in China. The National Legal and Policy Center, NLPC, a Disney shareholder, is proposing the latter. Specifically, the public-interest nonprofit group is asking Disney to do the following: "Report annually to shareholders on the nature and extent to which corporate operations depend on, and are vulnerable ...

Crypto Exchange ‘Bitzlato’ Processed $700M In Illicit Funds, DOJ Says

19Jan

By No Comments

Corruption, Bribes, Illicit Finance & Money Laundering, Finance, Banks, Cryptocurrency, Metals, Types of News: Brief

Crypto Exchange ‘Bitzlato’ Processed $700M In Illicit Funds, DOJ Says

U.S. Attorney's Office for Eastern District of New York held a press conference on January 18, 2023 January 19, 2023—The U.S. Justice Department arrested and charged the operator of Bitzlato, a Hong Kong-registered cryptocurrency exchange that conducted a substantial amount of business with U.S.-based customers. Anatoly Legkodymov is a Russian national and senior executive of the exchange. On Wednesday, law enforcement officials in Miami, Florida arrested him and scheduled his arraignment for that afternoon in the U.S. District Court for the Southern District of Florida. The crackdown is a sign that federal investigators have stronger tools at their disposal in targeting money laundering and illicit crypto networks. A Crypto Exchange For Crooks, Traffickers, And Addicts The...

11Apr

By Jesús CedeñoNo Comments

Finance, Banks, Cryptocurrency, Metals, Foreign Aid, International Development, Types of News: Analysis, Types of News: Brief

Crypto In The Russia-Ukraine War

Cryptocurrencies Are Playing Roles In The Battle; And The Battle Is Impacting The Prices This is a follow-up piece to Finance writer Jesús Cedeño's analysis of where cryptocurrencies are today. All viewpoints are his own do not necessarily reflect the views and positions of the Global Economic Report. Neither the writer nor Mohr Media’s GER website are responsible for readers’ investment decisions. April 11, 2022—It’s no coincidence that Bitcoin prices have shown an upward trend since February 25th. Today, we cannot talk about cryptocurrencies without looking at the Russia-Ukraine war. It's a factor that is influencing not only crypto’s value, but also the way governments all over the world are using and reacting to the conflict. Larry Fink, chairman of BlackRock, says the R...

7Apr

By Jesús CedeñoNo Comments

Finance, Banks, Cryptocurrency, Metals, Types of News: Analysis

Has The Crypto Boat Sailed?

Assessing The Rise, Fall And Rise Again Of Bitcoin And Other Cryptocurrencies Finance writer Jesús Cedeño analyzes cryptocurrencies from an investing viewpoint. He looks at their exponential growth, assesses why they are popular, and discusses possible scenarios. All viewpoints are his own and do not necessarily reflect the views and positions of the Global Economic Report. Neither the writer nor Mohr Media’s GER website is responsible for readers’ investment decisions. April 7, 2022—Bitcoin, the first successful implementation of a blockchain, was launched in 2009. The first real-world transaction using Bitcoin happened in 2010. It involved two pizzas for a cost of 10,000 BTCs. At the time, those ten thousand bitcoins were worth about 40 USD. By 2012, 1 bitcoin was worth around 5 US...

U.S. Justice Dept Sets Up Crypto Crime Office

24Feb

By Patti MohrNo Comments

Corruption, Bribes, Illicit Finance & Money Laundering, Finance, Banks, Cryptocurrency, Metals

U.S. Justice Dept Sets Up Crypto Crime Office

February 24, 2022--The U.S. Justice Department established a department to investigate the criminal use of cryptocurrencies and digital assets and named its first director. The department tapped Eun Young Choi to serve as the first director of the National Cryptocurrency Enforcement Team. Choi has previously served the Justice Department as a senior counsel, an assistant U.S. Attorney and a lead prosecutor. "The NCET will play a pivotal role in ensuring that as the technology surrounding digital assets grows and evolves, the department in turn accelerates and expands its efforts to combat their illicit abuse by criminals of all kinds," Choi said.