Florida Emergency Management director resigns

Florida Emergency Management director resigns

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  • Silver Price Forecast – Silver Markets Very Quiet

    Silver markets went back and forth during the trading session on Wednesday as we continue to bounce around just below the crucial $28 level.

  • Bank of Canada Cuts Provincial Bond Purchases to Once a Week

    (Bloomberg) -- The Bank of Canada is reducing the frequency of provincial bond purchases, saying credit markets need less support than when the program began last May.The central bank will hold one reverse auction per week for provincial bonds instead of two, a representative for the Ottawa-based institution said in a reply to questions from Bloomberg.“Provincial markets are functioning well and as a result tenders are being reduced to only one a week,” which will be on Thursdays, bank spokesperson Rebecca Spence said by email. “This is consistent with the gradual reduction approach for other programs that were introduced by the Bank to support market functioning as these markets improved.”Read more: Macklem Says Canadian Economy Has Enough Stimulus for NowThe bank is making the move at a time when most provinces have completed their funding plans for the current fiscal year, which ends March 31.On Monday, all-in yields of provincial bonds maturing between one and 10 years reached the highest level since last April, according to Bloomberg Barclays indexes, as investors bet on a global economic recovery on the back of a Covid-19 vaccine rollout.Benchmark yields in Canada have shot up this year alongside a broader selloff in sovereign debt. The 10-year Canada yield sat at 1.25% Tuesday, up from 0.677% at the start of the year. Ten-year yields for some provinces have spiked to around the 2% mark.Bank of Canada announced a plan to purchase as much as C$50 billion of provincial bonds early last year as part of a number of measures meant to restore liquidity to the country’s financial markets after the Covid-19 pandemic caused risk premiums to widen to record levels. As of last week, the central bank held C$17.4 billion of provincial bonds. The program is set to expire in early May.Separately, the central bank said it is also cutting the maximum size of its tenders under its little-used C$10 billion ($7.94 billion) Corporate Bond Purchase Program.(Adds central bank’s provincial bond holdings in last paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • BOE’s Bailey Slams EU Stance on Swaps Clearing After Brexit

    (Bloomberg) -- Bank of England Governor Andrew Bailey warned the European Union against demanding that euro derivatives are settled by clearinghouses inside the bloc, saying such a move would be a “very serious escalation” and that it would draw a U.K. response.The EU appears to be moving towards a policy of insisting such trades are located in the bloc, Bailey said during a hearing with U.K. lawmakers on Wednesday.A so-called location policy of forcing banks and dealers to move clearing business to the EU would be “very controversial,” Bailey said. “I have to say that that would be something we would have to, and want to, resist very firmly.”His comments -- his strongest yet -- are a mark of the post-Brexit tensions and Britain’s growing frustration about the EU’s reluctance to grant so-called equivalence rulings that would enable London-based finance firms to operate in the bloc.The lack of an agreement has put London’s decades-long dominance of European finance under threat. This year, the Square Mile lost its crown to Amsterdam as Europe’s top place to buy and sell stock while traders have shifted some interest-rate swaps out of the U.K.The London Stock Exchange Group Plc’s clearinghouse in London is the dominant location for euro derivatives and the EU has allowed it to continue handling trades for European clients through June 2022. The European Commission, the EU’s executive arm, is pressing banks and other traders to shift more euro-denominated business to the bloc.If the temporary equivalence decision isn’t renewed, Bailey said a quarter of euro-derivatives clearing business would need to shift to the EU. The rest could stay in London because it is the most efficient place for it, he said.“If only 25% moves, it isn’t really very viable,” Bailey said. “The EU takes something, but it doesn’t take a piece that’s really viable for its own industry to conduct in the EU.”Bailey said it now appears the EU is seeking to pressure firms into relocating the other 75% of the business too, outside of any consideration around whether the U.K.’s regulations are equivalent.“This debate is not about equivalence,” he said.(Updates with Bailey comments in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Tech Stocks Drag Market Down

    Nasdaq futures are down by more than 1.5% in premarket trading.

  • Hospitals Help Wealthy Donors ‘Skip the Line’ for Vaccines

    NPR reported today that 13.3% of Americans have received at least one dose of the COVID-19 vaccines, while 5.9% of the population has received both doses. Of the approximately 75.2 million doses...

  • Charlie Munger says it’s ‘really stupid to have a culture which encourages [so] much gambling in stocks’

    Warren Buffett’s business partner and vice chairman of Berkshire Hathaway, in a Wednesday interview with Yahoo Finance, said the GameStop chaos was encouraged by a gambling mentality on Wall Street.

  • Bottlepay, a Payments Startup That Lets You Send Bitcoin on Social Media, Raises $15M

    The payments platform is built with the Lightning Network scaling solution, which enables cheaper and faster bitcoin transactions.

  • Was Tiger Woods' SUV safe? Genesis GV80 involved in car accident calls attention to brand

    The safety of the little-known Genesis luxury car brand was thrust into the spotlight after Tiger Woods crashed a Genesis GV80 in the L.A. area.

  • Biden's stimulus checks bill could cut your taxes by $3,100

    The legislation, which goes to a vote on Friday, could put thousands back in your pocket.

  • CVS, Walgreens now offering COVID-19 vaccines. What you need to know.

    CVS, Walgreens, Kroger, Rite Aid and other major pharmacies are offering COVID-19 vaccines at certain locations.

  • Stimulus Check Update: Congress Moves One Step Closer to Another Round of Direct Stimulus Payments

    On Monday, the House Budget Committee approved President Joe Biden's $1.9 trillion COVID-19 relief bill, moving Americans one step closer to a third round of direct stimulus payments. The president's bill -- known as the American Rescue Plan (ARP) -- will next go to the House Rules Committee. For example, most House Republicans have made it clear that they will fight Biden's $15 minimum wage proposal, meaning it may have to be shelved for the time being.

  • Why SPAC Stock Churchill Capital IV Crashed Today

    Shares of Churchill Capital IV (NYSE: CCIV) plunged 18.5% on Wednesday, following the special purpose acquisition company's deal with electric vehicle maker Lucid Motors. Churchill's stock price surged to a high of $64.86 on Feb. 18 following reports that the SPAC was in talks to merge with Lucid. Churchill Capital IV's stock price is down sharply since announcing its deal with Lucid Motors.

  • Bill Gates On Investing In Bitcoin: 'If You Have Less Money Than Elon, You Should Probably Watch Out'

    Microsoft Corp. (NASDAQ: MSFT) co-founder Bill Gates is not bullish on Bitcoin (BTC) and is cautioning others to reconsider such investments — unless they have more money than Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk. What Happened: Gates told Bloomberg on Monday that he isn’t worried about Musk’s Bitcoin randomly going up or down. “Elon has tons of money and he is very sophisticated,” the tech entrepreneur said, adding that he is more concerned about people getting into such manias who don’t have as much money to spare. “If you have less money than Elon, you should probably watch out,” Gates told Bloomberg. See also: How To Buy Microsoft Stock The philanthropist explained that he is not keen on Bitcoin, primarily because of the amount of electricity it consumes and the promotion of irreversible anonymous transactions. and that he is more enthusiastic about digital currencies. “Digital money is a good thing,” Gates said, claiming the difference lies in terms of being regulatory-compliant and still giving the convenience and low-cost associated with cryptocurrency transactions. Why It Matters: Gates told CNBC last week that he was “neutral” on Bitcoin and acknowledged the cryptocurrency’s role in bringing down transaction costs. Gates also showered praises on Musk in a New York Times podcast, dubbing the entrepreneur's work with Tesla "one of the greatest contributions to climate change anyone’s ever made." Musk has been increasingly tweeting about cryptocurrencies this year, in particular, the joke cryptocurrency Dogecoin (DOGE). The Tesla CEO’s tweets often move markets and several people, including those in the cryptocurrency community, have expressed concern over such statements from the world’s second-richest person. The electric vehicle maker also announced a $1.5 billion investment in Bitcoin this month, but Musk said the move wasn’t "directly reflective of my opinion.” Price Action: Bitcoin traded 14.3% lower at $47.906.71 at press time on Tuesday. Tesla shares are down 3.8% in the pre-market session at $687. Read Next: Elon Musk Lost B In A Single Day And The Cause Could Be One Of His Own Tweets Photo courtesy of World Economic Forum via Wikimedia See more from BenzingaClick here for options trades from BenzingaWhy BinanceCoin, PancakeSwap Cryptos Are Skyrocketing TodayEthereum, Other Altcoins Outperform Bitcoin, As Apex Crypto Finds Footing Above ,000© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • What's the timing on your next stimulus check, once the House approves it?

    Here's what still has to happen, following the big vote scheduled for Friday.

  • Twitter's Jack Dorsey sued by shareholder over his dual role as Square CEO

    Twitter (TWTR) CEO Jack Dorsey is facing a shareholder derivative lawsuit alleging that he breached his fiduciary duties to the company by giving advertisers broad access to Twitter users’ private data, and by violating the company’s own privacy policy.

  • Biden Wants to Shut Down Credit Bureaus – What Would That Mean for You?

    One of the more fascinating platform items of the Biden presidential campaign was the idea of transferring consumer credit ratings from Equifax (NYSE: EFX), Experian PLC (OTC: EXPGY) and TransUnion...

  • Hong Kong’s Richest Property Tycoon Plans U.S. SPAC

    (Bloomberg) -- Li Ka-shing, Hong Kong’s richest property tycoon, is planning to raise funds for dealmaking by listing a special purpose acquisition company in the U.S., people with knowledge of the matter said.A company backed by Li’s family is working with advisers on the potential SPAC initial public offering, according to the people, who asked not to be identified because the information is private. They are considering seeking around $400 million, though the exact terms haven’t been finalized, the people said.The blank-check company could file registration documents with the U.S. Securities and Exchange Commission as soon as this week, the people said.Li is lionized by the public in Hong Kong, where he’s been nicknamed “Superman” for his investing prowess. The 92-year-old businessman became famous for his well-timed bets on everything from real estate to social media as he built a corporate empire spanning 50 countries.His family controls CK Hutchison Holdings Ltd., a $29 billion conglomerate that owns one of the world’s biggest port operators and has telecommunications, retail and infrastructure operations across Asia and Europe. They also run CK Asset Holdings Ltd., which is one of Hong Kong’s largest developers and also has investments in hotels, utilities and aircraft leasing. Both companies are now led by Li’s elder son, Victor.Li’s younger son, Richard, has already raised about $900 million via two U.S.-listed SPACs with tech mogul Peter Thiel. Richard is considering setting up a third blank-check company, Bloomberg News reported last week.No final decisions have been made, and details of the transaction could change, the people said. Representatives for Li didn’t immediately respond to emailed queries.(Adds details about Richard Li’s SPAC plans in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Here's Why GameStop Stock Just Exploded Higher

    Shares of GameStop (NYSE: GME) were trading moderately higher on Wednesday until about 1 p.m. EST, when they started gaining a little momentum. Earlier this year, GameStop stock had an epic short squeeze, orchestrated by a group on Reddit called Wallstreetbets. This group noticed that short interest for GameStop stock was over 100%.

  • Natural Gas Price Fundamental Daily Forecast – Under Pressure Despite Calls for Further Storage Deficits

    The rapid pace of storage draws is poised to accelerate this week when the Energy Information Administration (EIA) issues its weekly inventory report.

  • Some California Residents Will Receive $600 in Stimulus Funds Separate from Federal Checks

    As Washington awaits the House of Representatives' vote on the $1.9 trillion COVID-19 relief bill on Friday, California Governor Gavin Newsom signed a coronavirus aid package worth $7.6 billion,...