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Financial services for cryptocurrency holders have been growing as a subset of the fintech industry for years. Now, crypto 401(k)s are entering the mix. A small 401(k) provider called ForUsAll is now allowing participants to allocate up to 5% of their retirement funds into cryptocurrency.  The offering includes 50 different crypto assets including bitcoin, which
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Municipal bonds rallied Wednesday as triple-A benchmark yields fell as much as five basis points out long but bumps were seen across the curve, moving levels on high-grades below 1% on bonds maturing inside 14 years, while another round of billion-plus inflows were reported. The Investment Company Institute reported $1.089 billion of inflows into municipal
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US consumer prices accelerated by the most in nearly 13 years in May as pent-up demand combined with higher prices for goods to stoke concerns about inflationary pressures.  Consumer prices rose 5 per cent last month compared with a year ago, the Bureau of Labor Statistics said on Thursday. That represents the steepest increase since
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Puerto Rico Gov. Pedro Pierluisi signed a bill Wednesday rejecting any pension cuts and undoing pension reforms enacted in 2017, despite these cuts and adjustments being part of the proposed plan of adjustment and approved fiscal plan. “The public pensioners dedicated years of their lives to the service of our people and were the engine
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United States foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to clients within months, a report says. Speaking at the Piper Sandler Global Exchange & FinTech Conference on June 9, founder Thomas Peterffy revealed that the firm had opted to enter the crypto market. Demand fuels latest crypto uptake Quoted by CNBC, Peterffy hinted
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To no one’s surprise, the rationale behind Tuesday’s shuffling of the deck chairs at New York’s Metropolitan Transportation Authority extends 150 miles north, to the state capitol in Albany. The leadership shifts for Patrick Foye, Sarah Feinberg and Janno Lieber all bear the stamp of Gov. Andrew Cuomo and his vision for the state-run MTA
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