ATAF - All True American Friendship 🇺🇸 🤝 🇺🇸 ️🤝 🇺🇸

2021-11-25 00:34:29 Open / Comment

2021-11-24 23:25:33 Here are the stock market’s trading hours for Thanksgiving and Black Friday

U.S. financial markets are closed Thursday for Thanksgiving, and will close early on Black Friday.

Black Friday, Nov. 26, is the official start to the holiday shopping season, with many retailers — including Macy’s Inc. M, -4.53% and Walmart WMT, 0.34% — offering bargains for those looking for holiday gifts.

The Intercontinental Exchange Inc. ICE, 0.39% -owned New York Stock Exchange and the Nasdaq NDAQ, 0.29% will close at 1 p.m. Eastern on Friday, while the Securities Industry and Financial Markets Association recommends a 2 p.m. Eastern close for Treasury markets, such as those that trade the 10-year Treasury TMUBMUSD10Y, 1.641%. However, there’s no early closure for the markets on Wednesday, the day before Thanksgiving in the U.S.

The dearth of volume around the holiday makes sense, given that Thanksgiving is typically the busiest travel day of the year.

Follow & share @TransAmericanFriendship Open / Comment

2021-11-24 23:22:51 Collins Dictionary picks NFT as word of the year for 2021

Collins Dictionary has chosen the term NFT as its word of the year after surging interest in the digital tokens that can sell for millions of dollars brought it into the mainstream.

NFT is short for non-fungible token. Collins defines it as “a unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible.”

Most people didn’t know what an NFT was until this year, when sales boomed, sparked in large part by artist Beeple’s March auction of a digital collage NFT for nearly $70 million. Other highlights include Twitter CEO Jack Dorsey selling an NFT of his first tweet for $2.9 million and electronic musician Grimes selling $6 million worth for her digital art.

Follow & share @TransAmericanFriendship Open / Comment

2021-11-23 20:17:22 Samsung to Unveil Plans for $17 Billion Texas Chip-Making Plant

Samsung Electronics is expected to announce plans to invest $17 billion to build a chip factory in Texas, according to several media reports.

It would provide a boost to President Joe Biden’s ambition to increase domestic semiconductor production to shield the U.S. from the vagaries of the global market.

If confirmed, the plant would be based in Taylor, in central Texas, and would generate around 1,800 jobs, with production to start in 2024.

Samsung and Texas Gov. Greg Abbott are due to formally announce the Korean group’s decision Tuesday afternoon, according to some reports, although another report said that Samsung was yet to make a final decision on the location.

Follow & share @TransAmericanFriendship Open / Comment

2021-11-23 19:01:20 ECB Publishes New Oversight Framework

The European Central Bank (ECB) has published a new oversight model for the PISA framework that covers electronic payment instruments, schemes and arrangements, aiming to introduce more safety and efficiency into the current and future payments ecosystem. The latest move complements the European Union’s forthcoming regulations on crypto assets, including stablecoins, and international standards for global stablecoins, the bank said.

“The retail payments ecosystem is evolving fast owing to innovation and technological change. This calls for a forward-looking approach in overseeing digital payment solutions,” Fabio Panetta, Executive Board member at the ECB, as quoted in the statement.

Follow & share @TransAmericanFriendship Open / Comment

2021-11-22 23:05:45 US and UK Agree to 'Heighten the Focus on Illicit Use of Cryptocurrency'

The U.S. and U.K. governments have “committed and agreed to heighten the focus on illicit use of cryptocurrency and ransomware,” the U.S. Department of Justice announced. According to the FBI, high crypto prices have partially made ransomware “incredibly lucrative for the criminals.”

Follow & share @TransAmericanFriendship

Read More: Open / Comment

2021-11-22 22:22:10 Fund Managers Increasingly Prefer Bitcoin Over Gold — Say It's a Better Store of Value

A growing number of fund managers and institutional investors now prefer bitcoin over gold. They see the cryptocurrency as a better store of value and a better inflation hedge. “I think it’s probably going to be ten times better than gold over a long period of time,” said the founder of one asset management firm.

Follow & share @TransAmericanFriendship

Read More: Open / Comment

2021-11-22 20:56:16 President Biden picks Jerome Powell to be next Fed chair

President Joe Biden has tapped Jerome Powell to serve another four-year term as the chair of the Federal Reserve System’s Board of Governors.

In a Monday announcement, the White House announced President Biden will be nominating Powell as his pick to lead the Federal Reserve once his current term ends in February. The executive branch cited Powell’s “decisive action” in lessening the economic impact brought on by the pandemic as well as the creation of 5.6 million jobs and a 4.6% unemployment rate.

Follow & share @TransAmericanFriendship

Read More: Open / Comment

2021-11-22 15:11:43 IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year — More Than $3.5 Billion in Crypto Seized This Year

The Internal Revenue Service (IRS) has revealed that $3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency next year.

Follow & share @TransAmericanFriendship

Read More: Open / Comment

2021-11-21 18:45:29 UN’s COP26 climate change goals include emerging tech and carbon taxes

The 2021 United Nations Climate Change Conference (COP26), where I exhibited my art, took place in Glasgow, Scotland and ended with the adoption of the Glasgow Climate Pact, bringing nearly 200 countries closer to keeping global temperature rise by 2100 under 1.5 degrees Celsius.

Please read more at transam.org

Follow & share @TransAmericanFriendship Open / Comment