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☆ Ether ETFs are coming. Here's how Wall Street sees the funds impacting the world's 2nd-biggest crypto
▼ + stars: | 2024-07-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Spot ether ETFs could launch as soon as July 22, reports say. Wall Street has issued a range of outlooks on how the world's second-largest cryptocurrency will move once the ETFs launch. The bank expects these funds to drive $15 billion to $45 billion worth of ether inflows in a 12-month window. Bulls derived their confidence from how bitcoin behaved after its spot ETFs launch in January. They noted bitcoin's first-mover advantage and stressed that the ether token offers functionality that wouldn't be accessible through the ETFs, thus limiting demand.

Persons: —, bitcoin, Nikolaos Panigirtzoglou, CoinDesk, Rachel Lin, Alex Kuptsikevich Organizations: Street, Service, Securities and Exchange Commission, Chartered, Bulls, JPMorgan, Citi, Steno, Reuters, Galaxy Digital, ETH, Business

☆ Beijing is unlikely to rescue Evergrande's offshore creditors because it could make things worse at home
▼ + stars: | 2024-01-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewOn Monday, Chinese real-estate giant Evergrande was ordered by a Hong Kong court to liquidate after two years in a debt crisis. The court has appointed Alvarez and Marsal as liquidator to manage the company, Evergrande said in a filing to the Hong Kong Stock Exchange. So, protecting Evergrande's offshore investors probably isn't in Beijing's favor, because it could spur further speculation in the market, Møller added. Offshore creditors are owed $25 billion, the Hong Kong court document showed, per CNN. This is because liquidators appointed by Hong Kong's courts are unlikely to have much power over Evergrande's mainland assets, Hong added.

Persons: —, Evergrande, Alvarez, Marsal, Emil Møller, Møller, there's, Xi Jinping's, Fern Wang, Wang, Hao Hong, liquidators, Hong, Siu Shawn Organizations: Service, Business, Hong Kong Stock Exchange, Steno Research, Lombard, KT Capital Group, CNN, Grow Investment, China Evergrande Group, Reuters, Century Business Herald, Hengda Real Locations: Hong Kong, Beijing, China, Denmark, Beijing's, homebuyers, Swiss, People's Republic of China, Hengda

☆ Janet Evanovich Can Laugh at Her Own Mistakes
▼ + stars: | 2023-11-23 | by ( Elisabeth Egan | ) www.nytimes.com time to read: +1 min

Thirty books into her Stephanie Plum series, Janet Evanovich has her writing process down. She maintains two steno pads for each novel, including her latest. “I have about 60 pads for the Plums,” Evanovich said. But my method has remained the same.”But the steno system is not an exact science, Evanovich admitted. For instance, Stephanie Plum’s boyfriend, Joe Morelli, used to have a scar on his eyebrow.

Persons: Stephanie Plum, Janet Evanovich, ” Evanovich, Gabriela Rose, I’ve, Evanovich, Stephanie Plum’s, Joe Morelli, “, Valerie, ” Organizations: Fox Locations: South River, N.J, Naples, Fla

☆ How a Traumatic Brain Injury Changed Me - The New York Times
▼ + stars: | 2023-11-22 | by ( Kelly Barnhill | ) www.nytimes.com time to read: +16 min

I told my speech therapist that I was frustrated that I haven’t been able to write fiction since experiencing a traumatic brain injury — which means that I am still, after nearly two years, unable to do my job. Over 1.5 million Americans experience a traumatic brain injury each year. The toll of traumatic brain injuries and the mystery of how the brain repairs itself, or doesn’t, is still perplexing and under-researched. I had to invent a new process in order to tackle the project: ideas inscribed one at a time, thought by thought, sentence by sentence, on note cards, each composed over days, weeks, months. Once there was a queen who fell under a spell, causing her to sink into a deep sleep for a long, long time.

Persons: I’ve, ”, me holler, I’d, that’s, snowflakes, I’m, It’s, —, “, giveth, Lord taketh, Keats, Butler, Vonnegut, unstuck, Weeks Locations: Florida, —

If housing cost pressures start to ease more in the coming months, as many economists expect, then the Federal Reserve is almost certainly done. Headline annual consumer price inflation rose a little less than expected last month to 3.2%, and annual core inflation cooled slightly to 4.7%, as forecast. Reuters ImageReuters ImageShelter inflation is running at a 7.7% annual rate and has been far stickier than policymakers would have liked. But Parsons reckons lag effects will soon be bringing shelter inflation down more quickly. Reuters ImageReuters ImageReuters Image(The opinions expressed here are those of the author, a columnist for Reuters)Reporting by Jamie McGeever; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Brendan McDermid, Jay Parsons, Parsons, Jerome Powell's, Phil Suttle, Julia Coronado, Andreas Steno Larsen, Powell, Jamie McGeever, Jonathan Oatis Organizations: Federal Reserve, New York Stock Exchange, REUTERS, Federal, Fed, Traders, Reuters, CPI, Suttle, Steno Research, Thomson Locations: New York City, U.S, ORLANDO, Florida, materializing

☆ This in-demand job pays up to $500K and doesn’t require a college degree—how to land it
▼ + stars: | 2023-06-12 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Court reporters, often referred to as "guardians of the record," play a critical role in the U.S. legal system, producing accurate, impartial transcripts of legal proceedings. Yet interest in the profession has plummeted over the last decade, leading to a national shortage of at least 5,000 reporters, according to the Association for Court Reporters and Captioners. It typically takes between 18 and 24 months to earn a court reporting certificate or degree, according to Indeed. In addition to their base salary, court reporters are compensated on a per-page basis for transcripts they produce during court proceedings. When Cynthia Rodriguez first became a court reporter with the Kern County Superior Court in 2005, her annual salary was $60,000.

Persons: Irene Nakamura, you'll, Nakamura, Cynthia Rodriguez Organizations: IDepo, Association for Court, National Court Reporters Association, Superior Court, Chicago Locations: California, U.S, Kern, Washington, New York, New Jersey

☆ This 42-year-old mom makes over $200,000 without a bachelor's degree—here's how
▼ + stars: | 2023-05-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

In recent years, however, interest in the profession has plummeted, leading to a national shortage of at least 5,000 reporters, according to the Association for Court Reporters and Captioners. Yet court reporting ticks a lot of boxes on jobseekers' wish lists, says Irene Nakamura, a court reporter in California for more than 30 years and Rodriguez's mentor. In 2022, Rodriguez made about $235,315 as a freelance court reporter, according to tax documents reviewed by CNBC Make It. Court reporters also must pass a state-approved exam in order to become certified. In addition to their base salary, court reporters are compensated on a per-page basis for transcripts they produce during court proceedings, according to Nakamura.

Persons: Cynthia Rodriguez, Rodriguez, Irene Nakamura, Nakamura Organizations: Association for Court, CNBC, Bakersfield Community College, National Court Reporters Association, Superior Court Locations: Bakersfield , California, U.S, California, Delano , California, Bakersfield, Kern

☆ Sanctions against Russia could hurt the US dollar as countries like Iran and China seek alternative currencies for trade: Treasury Secretary Janet Yellen
▼ + stars: | 2023-04-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

US sanctions on Russia could threaten the dollar's hegemony, Treasury Secretary Janet Yellen told CNN. The Chinese yuan is a competitor to the US dollar, amid Beijing's big ambitions for the currency. "There is a risk when we use financial sanctions that are linked to the role of the dollar that over time it could undermine the hegemony of the dollar," Yellen told CNN's Fareed Zakaria in an interview. Of course, it does create a desire on the part of China, of Russia, of Iran to find an alternative," Yelled said. In January, the US dollar dominated global trade, accounting for about 85% of trade finance, according to a February report from global payments system Swift.

☆ India's stock market crisis isn't just the Adani Group's problem — it's a political issue for Prime Minister Modi too
▼ + stars: | 2023-02-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Indian tycoon Gautam Adani's companies have lost over $110 billion in market value since a US short seller attack in January. Even Modi has been dragged into the kerfuffle — since both he and Adani are from the western Indian state of Gujarat. The prime minister's political opponents say that the leader favors Adani — a claim the Modi government has rejected, per Reuters. "The Hindenburg scandal is the perfect weapon for the Indian political opposition against PM Modi. On its part, the Adani Group has been troubleshooting hard.

☆ India Vs China: Adani Selloff Clouds India Just As China Reopens
▼ + stars: | 2023-02-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

A crisis at the Adani Group is clouding over India just as China reopens. A US short seller report alleging market manipulation and fraud at the Adani Group has caused a market rout. The Adani Group has been defending itself vigorously, but Hindenburg has also doubled down on its initial report. Still, the development has rattled investor confidence, causing a market rout with listed companies under the Adani Group losing over $100 billion in market value so far this year. But, the Hang Seng and Shanghai Composite have recovered somewhat this year after China emerged from on-off pandemic lockdowns.

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