Author: Admin

US authorities froze over $130 million, while renewed strikes and a naval blockade intensified regional tensions. The United States has frozen more than $130 million in crypto assets linked to Iran as hostilities in the Middle East continue to intensify. US Treasury Secretary Scott Bessent took to X to confirm that the Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned multiple crypto wallets tied to the Central Bank of Iran. Escalating Hostilities Bessent said the action is part of the Treasury’s broader effort to disrupt and degrade Iran’s illicit financial activities. He added, “We will continue to aggressively…

Product diversification has been helping Zacks Multiline Insurance industry players lower concentration risk, ensure uninterrupted revenue generation and improve retention ratio. Better pricing, prudent underwriting, increased exposure and faster economic recovery should benefit Oscar Health OSCR, Radian Group RDN, CNO Financial Group CNO, Pelagos Insurance Capital Limited PLGO and Horace Mann Educators HMN. Accelerated digitalization will help in the smooth functioning of the industry. The increasing acceptance of embedded insurance is also expected to drive the industry. Per a report in Financial Services, premiums from embedded insurance are projected to exceed $722 billion globally by 2030.The solid capital level of…

Jay Clayton, U.S. Attorney for the Southern District of New York, prepares to testify during a Senate intelligence committee hearing on his nomination to be director of national intelligence, on Capitol Hill, in Washington, July 15, 2026.Ken Cedeno | Afp | Getty ImagesJay Clayton, President Donald Trump’s pick for director of national intelligence, refused to say Joe Biden won the 2020 election, claimed not to know his predecessor Tulsi Gabbard took part in a raid of a Georgia election office earlier this year and defended subpoenaing New York Times journalists in a contentious Senate confirmation hearing Wednesday. Clayton, the former…

“When I pass, all my retirement income is reduced to $30,000 a year.”

Summary On July 13, 2026, following the President’s Executive Order on “Restoring Integrity to America’s Financial System,” the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and National Credit Union Administration (NCUA) issued guidance reminding supervised financial institutions to apply existing safe-and-sound credit risk management practices when lending to borrowers who are not legally authorized to work in the United States (non–work authorized borrowers). The guidance advises that non–work authorized borrowers may present elevated credit risk because their ability to generate income, employment continuity, and financial stability may be more uncertain. Note for Community Banks…

The US Senate is expected to vote soon on a comprehensive bill to establish market structure rules for digital assets, backed by Republican lawmakers, while some Democrats continue to push for ethics provisions.In a Tuesday press conference, Senators Chris Murphy, Jeff Merkley, and Chris Van Hollen spoke alongside representatives for Americans for Financial Reform and Indivisible and Hollywood actor Ben McKenzie in opposition to the Digital Asset Market Clarity (CLARITY) Act. The lawmakers said that the bill did not address what they called “[Donald] Trump’s crypto corruption,” referring to the US President’s ties to the industry through his memecoin, his…

The Nasdaq 100 began the week on the back foot. After E-mini Nasdaq 100 futures spent the back half of last week clawing their way back above the 30,000 mark and closing Friday at 30,032, Monday’s session opened with a gap lower and an immediate slide to 29,542 before steadying in the high-29,700s. The reclaim that looked so convincing into the weekend has, at least for now, failed — and that failure sets the tone for a pivotal five sessions. My lean is cautious: unless buyers can recover and hold the shelf they just lost, the path of least resistance…

AIQ Markets, a New York-based fintech focused on the US corporate bond market, has  partnered with electronic fixed-income trading venue MarketAxess to pilot AIQ Insight, an AI-native platform designed for traders and portfolio managers. MarketAxess is the inaugural client for the product, which AIQ Markets describes as its first major deployment. The platform allows fixed-income professionals to search bond data, compare relative value and build portfolios using natural language queries rather than conventional data terminals. MarketAxess’s version of the tool is exclusive to the firm and incorporates its proprietary CP+ pricing feed and Tradability scores, two data sets that sit…

Investor Michael Burry made hundreds of millions of dollars as the Great Financial Crisis unfolded by shorting subprime mortgages. This would lead to his eventual portrayal in the film “The Big Short,” positioning him as a famed investor. Burry’s hedge fund, Scion Asset Management, is now defunct. However, he remains a part of the investment zeitgeist, providing his takes on various assets. Notably, Burry recently made his opinion known on one of the most beaten-down corners of the stock market in 2026: online sportsbook stocks. The two most notable names in this space are and . DraftKings operates a sportsbook…

Semiconductor Index Correction Could Be Complete In our June 25 update on the semiconductor index (), we found, using the Elliott Wave Principle (EWP), that “the June 22 high is now labeled red Wave-iii [W-iii], and red Wave-iv [W-iv] is now underway, ideally targeting $10,870 – $11,765” Fast-forward to today: the index bottomed at $11,960 on July 7 (see Figure 1 below). Using the EWP, we forecast the next move days in advance with 98% accuracy. Thus, the series of updates we’ve presented for the SOX, using forward returns and the EWP since late April, remains on track. Figure 1.…