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Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty. The Binance boss blamed negative news, rumors, bank runs, lawsuits, the closing of fiat channels, product wind-downs and employee turnovers for creating an environment of FUD
China’s real estate sector is going in “two directions,” and even though further stimulus is expected, a recovery will not likely happen soon, according to a former advisor to the People’s Bank of China. “The property market right now in China is actually two-fold. It’s actually going into two directions,” Li Daokui, now a professor
Germany is pushing the European Commission to postpone tariffs on electric vehicle sales between the UK and the EU after industry warned that the measure would backfire. In a boost for Rishi Sunak’s government, Berlin now supports the UK’s calls for a three-year delay to the duties, two people familiar with the situation said. At
Although the hospital sector has gained traction in recovering from the pandemic, smaller not-for-profit hospitals continue to struggle. With that in mind, California lawmakers took action by approving a zero-interest loan program in May to serve not-for-profit hospitals and public hospitals in significant financial distress. The two agencies charged with running the loan program announced
A bankrupt, bond-financed Texas hospital that opened for business in November 2021 will obtain $2.7 million for operating and other expenses under a federal judge’s interim order issued late last week. Sunland Medical Foundation, the nonprofit parent organization of Trinity Regional Hospital Sachse, is also seeking additional debtor-in-possession financing in an aggregate amount of up
Even if you aren’t personally familiar with famed Japanese contemporary artist Takashi Murakami, you have surely seen his work. The pop artist’s brightly colored signature characters have appeared on everything from limited edition Louis Vuitton bags to Supreme shirts to Vans skateboarding shoes. Having collaborated with celebrities like Drake, Kanye West and Billie Eilish, and
California Attorney General Rob Bonta conditionally approved the $35.6 million sale of three northern California skilled nursing facilities owned by Eskaton. Eskaton, a Carmichael, California-based not-for-profit senior healthcare provider formed in 1968, had $102.8 million in revenue bonds and notes at the end of fiscal year 2022, according to combined audited financial statements for the
Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market. Coinbase has quietly launched an institutional-grade crypto lending platform, Coinbase Prime, to U.S. investors, according to a Bloomberg report on Sept. 5. Coinbase Prime is a