Finance Contract – Glw Drk http://glwdrk.com/ Wed, 23 Nov 2022 18:24:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://glwdrk.com/wp-content/uploads/2021/07/icon-1-150x150.png Finance Contract – Glw Drk http://glwdrk.com/ 32 32 MBA: Mortgage application payments increase in October https://glwdrk.com/mba-mortgage-application-payments-increase-in-october/ Wed, 23 Nov 2022 18:14:04 +0000 https://glwdrk.com/mba-mortgage-application-payments-increase-in-october/ Adobe Stock According to the Mortgage Bankers Association (MBA) Purchase Application Payment Index (PAPI), mortgage application payments rose 3.7% in October to $2,012 from $1,941 in October. september. As the affordability trajectory continues to decline, some relief may come as 30-year mortgage rates fell below 7% in the week ending November 18. “Prospective home buyers […]]]>
Adobe Stock

According to the Mortgage Bankers Association (MBA) Purchase Application Payment Index (PAPI), mortgage application payments rose 3.7% in October to $2,012 from $1,941 in October. september. As the affordability trajectory continues to decline, some relief may come as 30-year mortgage rates fell below 7% in the week ending November 18.

“Prospective home buyers continued to feel the effects of October’s rising mortgage rates, with the 70 basis point rise in rates leading to the typical monthly mortgage payment hitting a new high of $2,012,” Edward Seiler said. , vice-associate of the MBA. President, Housing Economics, and Executive Director, Research Institute for Housing America.

“Rising mortgage rates also reduce the purchasing power of potential buyers. Last month, the median loan size fell to $295,000, the lowest level since January 2021. Declining affordability and heightened economic uncertainty are expected to dampen home buying activity over the next few months. last two months of the year.

Indicative of declining borrowing affordability conditions, an increase in the MBA PAPI means that the mortgage payment-to-income (PIR) ratio is higher due to increased demand loan amounts, mortgage rates, or the decline in income. The national PAPI rose 2.7% to 167.9 in October from 163.6 in September.

Eclipsing the previous high of 164.2 in May 2022, the index jumped 36% in the first 10 months of 2022 and is up 38.1% from October 2021 (121.6). For borrowers applying for low-payment mortgages (the 25th percentile), the national mortgage payment also rose to $1,323 in October from $1,271 the previous month.

The top five states with the highest PAPI were Nevada279.7; Idaho269.7; Arizona, 241.7; Washington, 219.7; and Utah, 218.9; as the lowest PAPI included Alaska, 113.6; Washington, DC, 114.2; West Virginia115.1; Connecticut, 120.9; and Louisiana, 125.6.

While mortgage payments rose by $629 in the first 10 months of the year, there is some hope for relief as 30-year mortgage rates fell below 7% in mid-November. “The 30-year fixed rate mortgage fell for the second week in a row to 6.67% and is now down almost 50 basis points from the recent high of 7.16% a month ago” , said Joel Kan, vice president and deputy head of the MBA. economist.

“Lower mortgage rates should improve the purchasing power of potential buyers, who have been largely sidelined as mortgage rates have more than doubled over the past year. Due to lower mortgage rates, purchase and refinance requests increased slightly last week. However, refinancing activity is still more than 80% below last year’s rate.

According to the MBA’s latest weekly survey, mortgage applications for the week ending November 18 were up 2.2% on a seasonally adjusted basis from the previous week. On an unadjusted basis, the index rose 10% from the previous week. The refinance index rose 2% and the seasonally adjusted buy index rose 3% from the previous week. The refinancing share of mortgage activity rose to 28.4% of total applications from 27.6% the previous week.

Kan adds, “With the rate cut, the share of ARM applications also declined to 8.8% of loans last week, down from the 10% and 12% range over the past two months.” Since the previous week, the FHA’s share of total claims has fallen from 13.5% to 13.4%; The share of VA went from 10.6% to 10.5%; and USDA’s share remained at 0.6%.

For 30-year fixed rate mortgages with conforming loan balances, the average contract interest rate increased from 6.90% to 6.67%, with points increasing from 0.56 to 0.68, including origination fees for loans with an 80% loan-to-value (LTV) ratio. . For 30-year fixed-rate mortgages with jumbo loan balances, the average contract interest rate dropped from 6.51% to 6.30%, with points dropping from 0.64 to 0.74 including origination fees for 80% LTV loans.

For FHA-backed 30-year fixed rate mortgages, the average contract interest rate decreased to 6.66% from 6.93%. The average contract rate for 15-year fixed-rate mortgages fell from 6.27% to 6.08% and 5/1 ARMs fell from 5.73% to 5.87%.

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European equity futures lower; Focus on the Fed and ECB minutes https://glwdrk.com/european-equity-futures-lower-focus-on-the-fed-and-ecb-minutes/ Mon, 21 Nov 2022 09:11:00 +0000 https://glwdrk.com/european-equity-futures-lower-focus-on-the-fed-and-ecb-minutes/ By Peter Nurse Investing.com – European stock markets are set to open lower on Monday as investors worry about the likelihood of future monetary tightening and the impact on future economic growth. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded down 0.3%, the CAC 40 futures contract in France fell 0.4% […]]]>

By Peter Nurse

Investing.com – European stock markets are set to open lower on Monday as investors worry about the likelihood of future monetary tightening and the impact on future economic growth.

At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded down 0.3%, the CAC 40 futures contract in France fell 0.4% and the FTSE 100 futures contract at UK fell 0.3%.

Recent U.S. below expectations consumer and producer impressions of inflation had boosted global markets on hopes that the United States Federal Reserve move away from aggressive interest rate hikes.

Several Fed policymakers sought to temper those expectations, saying more work needs to be done to bring inflation under control, but the data indicates prices have peaked.

The situation is different in Europe, because the annual reading of Eurozone inflation exceeded 10% at the end of last month, compared to 9.9% in September.

President of the European Central Bank Christine Lagarde said Friday that interest rates will need to be raised to levels that restrict economic expansion in order to fight inflation at those uncomfortable levels.

This suggests another increase at its December meeting, which would be its fourth consecutive increase. Since July, the ECB has increased rates of 200 basis points.

In this spirit, a few minutes from ECB meeting and the fed later this week will provide markets with more guidance on the interest rate outlook, while German producer prices are also due later Monday.

In corporate news, Julius Baer (SIX:BAER) said he was on track to meet his 2022 profitability targets, despite “challenging market” conditions eating into much of his assets under management at the Swiss lender.

Anheuser Busch Inbev (EBR:ABI) could also be in the spotlight after FIFA authorities took a belated decision on Friday to ban the sale of alcohol, primarily its Budweiser brand, in stadiums as the World Cup Qatar football began on Sunday.

Oil prices fell to nearly two-month lows on Monday, weighed by worries about demand from China as COVID worries at the world’s largest crude importer grew.

The number of new COVID cases in China remained near highs seen in April, while the country saw its first Covid-related death in nearly six months on Saturday and two more were reported on Sunday.

As of 2 a.m. ET, U.S. crude futures were trading down 0.7% at $79.59 a barrel, while the Brent contract was down 0.7% at $86.97.

Both benchmarks closed Friday at their lowest since Sept. 27, with the U.S. contract down 10% and Brent down 9%, the biggest weekly drop since August.

Additionally, gold futures fell 0.4% to $1,747.30 an ounce, while EUR/USD traded down 0.6% to 1.0258.

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Mark Cuban Still Believes in Crypto Despite FTX’s Collapse https://glwdrk.com/mark-cuban-still-believes-in-crypto-despite-ftxs-collapse/ Fri, 18 Nov 2022 21:22:43 +0000 https://glwdrk.com/mark-cuban-still-believes-in-crypto-despite-ftxs-collapse/ Although the implosion of one of the largest cryptocurrency exchanges in the world has shaken many investors, billionaire Mark Cuban still believes in crypto. Cuban stayed invested in crypto because he believes in smart contractsone of the main underlying technologies for carrying out crypto transactions, he explained on Twitter on November 13. Essentially, a smart […]]]>

Although the implosion of one of the largest cryptocurrency exchanges in the world has shaken many investors, billionaire Mark Cuban still believes in crypto.

Cuban stayed invested in crypto because he believes in smart contractsone of the main underlying technologies for carrying out crypto transactions, he explained on Twitter on November 13.

Essentially, a smart contract is a computer program that is embedded in a blockchain network. They operate on “if/then” commands; if X, then run Y.

For a simple example of how a smart contract works, consider a vending machine. Typically, you make your selection, insert the required amount of money, and receive the item. The “smart contract” in the machine is coded to dispense the selected item once payment is made.

Cuban believes smart contracts will have a significant impact on creating valuable applications that have useful for everyone.

In Cuban’s view, the value of a token derives from the applications for which it can be used and the usefulness of these applications for users, he said on Twitter.

But what’s still needed is an app that’s useful to people both inside and outside the crypto world, one that’s useful enough for people to be willing to learn how to use crypto. -currency in order to use the application.

There are still downsides to crypto

Despite Cuba’s bullish outlook on crypto, it has a scathing criticism from former FTX CEO Sam Bankman-Fried.

“With FTX now, it’s somebody running a business that’s just dumb as greedy,” Cuban said during a speech at a Sports Business Journal Conference the 11th of November.

The collapse of FTX is expected to have a ripple effect on the entire crypto industry. Multicoin Capital, one of the leading crypto venture capital firms that has FTX-related assets, has told investors expects many trading companies to be wiped out and closed in the coming weeks amid the fallout.

However, Cuban does not consider the recent events that rocked the crypto market as “crypto explosions”, but rather as “banking explosions”. he recently tweeted. This includes lending funds to the wrong entity.

Cuban is a long-time cryptocurrency investor. Over the years it is invested in Ethereum and other various digital coins, NFTs and many blockchain companies.

In fact, “80% of the investments I make that aren’t on ‘Shark Tank’ are in or around cryptocurrencies,” he said during an episode of “The Trouble with Jon Stewart” podcast on January 12.

However, some financial experts advise against investing too much in crypto. “Cryptocurrencies are a quintessential game of trust,” James Royal, senior reporter at Bankrate, told CNBC Make It.

“With the exception of so-called stablecoins, crypto prices are entirely supported by belief in their future, not by any fundamental foundation, such as assets or cash flow,” Royal says.

It is important to note that cryptocurrency is a highly volatile asset that is subject to erratic fluctuations in value. Since there is no guarantee that you will make a profit on your investment, financial experts generally advise not to invest more than you are willing to potentially lose.

Don’t miss: FTX’s Sam Bankman-Fried Lost Billions and Company Filed for Bankruptcy – Could Signal Crypto’s ‘Demise’, Expert Says

Disclosure: CNBC has exclusive off-network cable rights to “Shark Tank.”

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Wynwood levels up with expensive condo sales – Trade Observer https://glwdrk.com/wynwood-levels-up-with-expensive-condo-sales-trade-observer/ Tue, 15 Nov 2022 22:28:53 +0000 https://glwdrk.com/wynwood-levels-up-with-expensive-condo-sales-trade-observer/ Wynwood’s nascent condo market is taking off. Even as interest rates continue to climb, Wynnwood condos top $2,000 a square foot in sales, setting a new benchmark for the Miami neighborhood, which recently added condos to an area known for its outposts. transformed into warehouses. The Associated groupMiami’s largest condo developer, is under contract to […]]]>

Wynwood’s nascent condo market is taking off.

Even as interest rates continue to climb, Wynnwood condos top $2,000 a square foot in sales, setting a new benchmark for the Miami neighborhood, which recently added condos to an area known for its outposts. transformed into warehouses.

The Associated groupMiami’s largest condo developer, is under contract to sell a pre-construction condo on the top floor of the NoMad Wynwood Residences development just under $2,000 per square foot, bringing the total price to over $1.6 million, Senior Vice President Nicolas Perez says Commercial Observer.

“We’re very optimistic about Wynwood as a neighborhood,” Perez said.

The sale comes just a few months after a Diesel-the branded condo development, just a block west of the NoMad, landed a similar sale. In September, a 2,400 square foot penthouse was contracted for $2,000 per square foot, for a total sale price of $2.2 million, said Patrick PiresDirector of Marketing and Operations at Bel Invest Groupthe project developer.

These sales are the most expensive residences to contract at Wynwood on a per-square-foot basis, the two executives said. For perspective, the average price per square foot in Brickell, a sought-after high-rise neighborhood in Miami, was $689, according to Douglas Elliman’s latest report. quarterly report.

Wynwood condo deals are ‘a turning point,’ says Dwntwn Real Estate AdvisorsTony Arellano, an active broker at Wynwood for 17 years. “You can compare it to the good old days of neighborhoods like [New York’s] SoHo or the Meatpacking District. Buying in culturally vibrant growing neighborhoods has always been a great idea. »

In the 1980s and 1990s, artists took over abandoned factories in SoHo and the Meatpacking District, prompting developers and investors to turn them into today’s multimillion-dollar apartments.

In the case of Wynwood, dilapidated warehouses have been rehabilitated to house cultural institutions and facilities, such as the Rubell Museum and the Wynwood Walls. After the pandemic hit, Wynwood became a leisure district, attracting office developers and high-profile businesses such as a venture capital firm Founders Fund and accounting giant PwC.

But the neighborhood lacks residential supply, housing just 1,608 units, most of which are rentals, according to a report 2021 from Downtown Miami Development Authority. By comparison, Edgewater, a neighborhood just east of Wynwood, has 13,010 units.

Condo buyers are eager to get in early in Wynwood’s so-called new frontier, real estate executives say. Even though the units of the last stage of the Diesel development had not yet arrived on the market, a potential buyer kept inquiring about them. Pires eventually relented, offering what he considered a “pretty high offer” of $2,000 per square foot. To the executive’s surprise, the deal was done.

“We thought he was going to collapse, but he didn’t think twice about it,” Pires said. “He’s been watching Wynwood for 10 years – he’s in finance – he knows the kind of return he’s going to get.”

As Wynwood has become a hotbed for development and land prices have skyrocketed, condos offer investors an easier way to own part of the neighborhood, Dwntwn Realty’s Arellano said.

The units are indeed oriented towards them. Condos in both projects tend to be small for Miami, ranging between 500 and 2,400 square feet. The NoMad project will have no restrictions for short-term rentals, allowing owners to rent out their residence on sites like Airbnb. These units are also fully furnished.

“You literally just need a toothbrush to move in,” said Perez of Related, who declined to identify the buyer or the size of the unit.

The NoMad and Diesel developments will come out of the ground, respectively, in the first half of next year and next month. The two buyers, who are based in the United States and have not been identified, have signed contracts and made deposits. (While some of Diesel’s sales were made in part through cryptocurrency, Pires said none were used for the $2.2 million deal.)

NoMad development, a joint venture with Sydell Group and tri cap, will rise to nine stories, comprising 329 condominiums, half of which have been reserved, with prices starting at $500,000. The project, to 2700 NW 2nd Avenueis the first condo marked after The NoMad Hotela hip 2010s New York establishment that closed during the pandemic.

The Diesel project is also the Italian fashion brand’s first foray into real estate. Located at 148 NW 28th Streetthe development will hold 159 units with prices starting at $500,000.

Julia Echikson can be contacted at jechikson@commercialobserver.com.

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Bonus payments: who qualifies for a special check for $1,500? https://glwdrk.com/bonus-payments-who-qualifies-for-a-special-check-for-1500/ Sat, 12 Nov 2022 16:04:34 +0000 https://glwdrk.com/bonus-payments-who-qualifies-for-a-special-check-for-1500/ Inot Arkansasteachers are thanked for their service during the COVID-19 pandemic and many of them are eligible to receive a one-time $1,500 bonus check in December 2022. This bonus payment was approved in May and it is an acknowledgment of the hard work of teachers during the pandemic in which their work has become more […]]]>

Inot Arkansasteachers are thanked for their service during the COVID-19 pandemic and many of them are eligible to receive a one-time $1,500 bonus check in December 2022.

This bonus payment was approved in May and it is an acknowledgment of the hard work of teachers during the pandemic in which their work has become more difficult as they have even had to switch to remote learning and the challenges that this laid.

Eligibility requirements for this $1,500 bonus check

For this one-time special payment, a district-certified wage schedule holds $4.5 millionwith veteran teachers Fort Smith Public School System (FSPS) being benefited.

Among the groups of eligible teachers we can find:

  • Class teachers
  • Interventionists
  • Educational specialists
  • Special Education Coordinators
  • Adult education teachers

Members of school administration, such as principals and vice-principals, are eligible for payment, while district-level administrators and department chairs are not eligible.

According Talking businessthe money will arrive to teachers by December 15.

Teachers are also better paid

The Fort Smith Public School System (FSPS) will also reward teachers with the “Certified Salary Grid”which added $5,500 to teachers’ base salary, raising it from $38,500 to $44,000 this school year.

This means that on average, a teacher’s salary has increased by $3,471.81, representing a 5.89% increase in salary.

Next contract year, teachers can expect another increase between $800 and $6,300.

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Research: Announcement: Moody’s Continues Review of Azure Power Energy and Azure Power Solar Energy Ratings Downgrade https://glwdrk.com/research-announcement-moodys-continues-review-of-azure-power-energy-and-azure-power-solar-energy-ratings-downgrade/ Thu, 10 Nov 2022 09:21:12 +0000 https://glwdrk.com/research-announcement-moodys-continues-review-of-azure-power-energy-and-azure-power-solar-energy-ratings-downgrade/ No related data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, […]]]>


No related data.

© 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, AND THE DOCUMENTS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, THE “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY FAILURE TO MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS WHEN DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE THE APPLICABLE PUBLICATION OF MOODY’S RATINGS SYMBOLS AND DEFINITIONS FOR MORE INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS COVERED BY MOODY’S CREDIT RATINGS. THE CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISKS, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“RATINGS”) AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACTS. MOODY’S PUBLICATIONS MAY ALSO INCLUDE MODEL-BASED QUANTITATIVE ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS ARE AND DO NOT PROVIDE ANY RECOMMENDATION TO BUY, SELL OR HOLD PARTICULAR SECURITIES. MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF ANY INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE CARE AND UNDERSTANDING THAT EACH INVESTOR WILL CAREFULLY MAKE HIS OWN RESEARCH AND EVALUATION OF EACH SECURITY THAT IS CONSIDERED FOR PURCHASE, HOLDING OR SALE.

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RocketStar awarded US Space Force contract to develop fusion-powered deep space propulsion https://glwdrk.com/rocketstar-awarded-us-space-force-contract-to-develop-fusion-powered-deep-space-propulsion/ Fri, 04 Nov 2022 14:00:00 +0000 https://glwdrk.com/rocketstar-awarded-us-space-force-contract-to-develop-fusion-powered-deep-space-propulsion/ RocketStar moves forward in propelling U.S. and allied space assets Rocket Star Logo RocketStar New York, Nov. 04, 2022 (GLOBE NEWSWIRE) — RocketStar receives US Space Force contract to develop fusion engine Propulsion in deep space RocketStar moves forward in propelling U.S. and allied space assets New York, NY (November 1, 2022) – RocketStar has […]]]>

RocketStar moves forward in propelling U.S. and allied space assets

Rocket Star Logo

RocketStar

New York, Nov. 04, 2022 (GLOBE NEWSWIRE) — RocketStar receives US Space Force contract to develop fusion engine Propulsion in deep space

RocketStar moves forward in propelling U.S. and allied space assets

New York, NY (November 1, 2022) – RocketStar has been awarded a United States Air Force (USAF) AFWERX program contract for a Phase II Small Business Innovation Research (SBIR) award to continue its efforts in developing a fusion-powered space engine called Boron-Enhanced Electric Propulsion (BEEP) Drive. The BEEP Drive project is a collaboration between Rocketstar, Rhea Space Activity, Inc. and Miles Space, Inc.

This award marks a critical next step for RocketStar’s evolving offering of space propulsion technologies. The new grant was obtained based on the extraordinary results of phase 1, which allowed the company and its partners to achieve aneutronic fusion by observing a high degree of alpha particles. RocketStar’s aneutronic fusion technology creates a fusion reaction of a boron nucleus with a proton which produces alpha particles.

This Phase 2 price will enable third-party validation of the fusion, as well as the ability to accurately quantify thrust output.

Christopher Craddock, CEO and Founder of RocketStar, said, “We are honored to be selected by the Air Force for this Phase 2 award, which not only recognizes the compelling results we achieved in Phase 1 , but paves the way for us to create a real fusion thruster in space that can be affixed to most existing thrusters.”

“It comes down to two things: electric propulsion moves to water as fuel, and fusion doesn’t need to be contained to be useful. A water-based propellant can cause fusion in its plume exhaust and achieve similar benefits to an afterburner.” explains Wesley Faler, CEO of Miles Space.

“This Phase II effort will combine RocketStar’s fusion propulsion core with RSA’s Jervis Autonomy Module (JAM), so our US Space Force customers can truly expand beyond orbit. geostationary,” said Samuel Lee, chief financial officer of RSA. “BEEP Drive will revolutionize the economics of deep space missions by harnessing the power of fusion energy and autonomous navigation.”

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About RocketStar

RocketStar is an industry leader in rocket propulsion technology that is transforming access to space. Recognized for their revolutionary, patent pending Aerospike Engine, Reusable, reliable and affordable, RocketStar opens up a whole new level of accessibility for future space travel. The team is made up of a small but talented group of scientists and adventurers with a mission to make space democratized and open to everyone, everywhere.

For more information, please visit:
www.rocketstar.nyc

About Rhea Space Activity

Rhea Space Activity (RSA) is an astrophysics company that designs and creates high-risk/high-reward research and development concepts to support United States national security objectives. RSA has developed various technologies in the fields of infrared satellites, directed energy, artificial intelligence, light detection and ranging (LIDAR), astroparticle physics, small satellites, cis-lunar operations, intelligence gathering, autonomous underwater vehicles, and for the F35 Eclair II.

For more information, please visit:
www.rheaspaceactivity.com

About Miles Space

Miles Space enables a future of deep space exploration with essential technologies for today’s market: energy-efficient propulsion, long-range communications and passive space radar for national defense. The M1.4B thruster, the debut of the BEEP drive, uses water vapor and electricity to achieve peak efficiency. Miles’ AI-in-the-loop signal processing products have saved millions of dollars in communications hardware costs.

For more information, please visit:
www.miles-space.com

Media Contact:
Christopher J. Craddock
CEO and Founder
Rocketstar, Inc.
chris@rocketstar.nyc
917-383-2320 Office
631-523-4455 Cell
www.rocketstar.nyc

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CONTACT: Christopher J. Craddock CEO and Founder Rocketstar, Inc. chris@rocketstar.nyc 917-383-2320 Office 631-523-4455 Cell
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IVASS launches public consultation to adapt its regulations to EU rules on sustainable finance | Hogan Lovells https://glwdrk.com/ivass-launches-public-consultation-to-adapt-its-regulations-to-eu-rules-on-sustainable-finance-hogan-lovells/ Fri, 28 Oct 2022 02:09:11 +0000 https://glwdrk.com/ivass-launches-public-consultation-to-adapt-its-regulations-to-eu-rules-on-sustainable-finance-hogan-lovells/ On October 24, 2022, the Italian Insurance Supervisory Authority (“IVASS”) launched a public consultation on a document making changes and integrations to the following IVASS regulations: IVASS Regulation No. 24 of 6 June 2016 laying down provisions on investments and assets covering technical provisions, resulting from the national implementation of the EIOPA guidelines on the […]]]>

On October 24, 2022, the Italian Insurance Supervisory Authority (“IVASS”) launched a public consultation on a document making changes and integrations to the following IVASS regulations:

  • IVASS Regulation No. 24 of 6 June 2016 laying down provisions on investments and assets covering technical provisions, resulting from the national implementation of the EIOPA guidelines on the corporate governance system, with particular reference to the principle prudence in investingRegulation 24”);
  • IVASS Regulation No. 38 of 3 July 2018 laying down provisions relating to the corporate governance system, resulting from the national implementation of the EIOPA guidelines on the corporate governance system (“Regulation 38”);
  • IVASS Regulation No. 40 of August 2, 2018 laying down provisions relating to the distribution of insurance and reinsurance (“Regulation 40”);
  • IVASS Regulation No. 45 of August 4, 2020, laying down provisions relating to the supervision of insurance products and governance requirements (“Regulation 45”).

The proposed modifications and integrations aim to facilitate compliance with the directly applicable European provisions adopted in the field of sustainable finance, in particular those relating to the insurance sector, by intervening in the IVASS regulatory provisions concerned by the new European legislation. More specifically, this intervention mainly concerns the IVASS regulatory provisions impacted by the modifications and integrations made at European level to the Solvency II framework (Delegated Regulation (EU) 2015/35, “Delegated acts”) and delegated acts under the Insurance Distribution Directive (“IDD”) (Delegated Regulation 2017/2358 on product oversight and governance requirements for insurance undertakings and insurance distributors “POG rules“, and Delegated Regulation 2017/2359 on information requirements and rules of conduct applicable to the distribution of insurance investment products “IBIP regulations”) and which are applicable from 2 August 2022.

The general EU regulatory framework on sustainable finance

The European legislator has introduced specific safeguards relating to the publication of information on the sustainability of financial products, with the aim of improving and standardizing the requirements for the publication of information relating to sustainable investment by the actors of the financial markets and financial advisers and to make the publications comparable for end investors.

In addition, the so-called taxonomic regulation (Regulation (EU) 2020/852) defines the criteria for determining whether an economic activity can be considered environmentally sustainable.

EU provisions on sustainable finance related to the insurance sector

The adoption of the new European legislation on sustainable finance specifically linked to the insurance sector has involved an alignment, among other things, of the European provisions contained in the Solvency II framework and those on insurance distribution within the framework of the DDA.

In this respect, on August 2, 2021, the following regulations were published, which apply from August 2, 2022: (i) Commission Delegated Regulation (EU) 2021/1256 of April 21, 2021 amending delegated acts with regard to the integration of sustainable development risks in the governance of insurance and reinsurance companies and (ii) Commission Delegated Regulation (EU) 2021/1257 of 21 April 2021 amending the POG Regulation and Regulation IBIPs with regard to the integration of sustainability factors, risks and preferences in product oversight and governance requirements for insurance undertakings and insurance distributors and in investment conduct and advice rules for insurance-based investment products.

Amendments to the IVASS regulations

The alignment of the IVASS regulations concerned by the aforementioned European provisions in the field of sustainable finance relevant to the insurance sector aims to promote consistency of application between the national regulations in force to date and the new regulatory framework. European Union, in order to facilitate their implementation by market operators.

The main changes and integrations are as follows:

Amendments to Regulation 24

Regulation 24 would be amended to align it with the amendments and integrations made by Delegated Regulation (EU) 2021/1256 to delegated acts, including the following:

  • Introduction of definitions of “sustainability factors”, “sustainability preferences” and “sustainability risks» in accordance with the European legislation mentioned above;
  • Insurance companies, to determine their investment policy, also consider sustainability risks when identifying, measuring, monitoring and managing the risks associated with each type of asset. The investment policy also takes into account the potential long-term impact on sustainability factors and, where relevant, the sustainability preferences of the company’s customers which have been assessed as part of the investment process. product approval;
  • Insurance companies, before carrying out any occasional investment activityassesses, among other things, the impact of the investment on sustainability factors.
Amendments to Regulation 38

Regulation 38 would be amended to align it with the amendments and integrations made by Delegated Regulation (EU) 2021/1256 to delegated acts, including the following:

  • The risk management system includes the strategies, processes and procedures necessary to continuously identify, measure, assess, monitor, manage and represent the current and expected risks to which the business is or may be exposed, including sustainability risks; in addition, underwriting, provisioning, reinsurance and other risk mitigation policies must also consider sustainability risks;
  • As part of the definition of the risk management policy and the choice of the associated criteria and methodologies for measuring the risks, to which the risk management function contributes, sustainability risks, if any, should be included;
  • The actuarial functionthe company’s opinion on the overall underwriting policy must also include, where applicable, the opinion on the potential impact of sustainable development risks among the external risk factors likely to affect the profitability of the activity for the next fiscal year;
  • Remuneration policies contain information on how they take into account the integration of sustainability risks into the risk management system;
  • As part of the compensation policies for insurance and reinsurance intermediaries, companies ensure that compensation and incentives are also consistent with the integration of sustainability risks into the risk management system.

Amendments to Rule 40

Regulation 40 would be amended to align it with the amendments and integrations made by Delegated Regulation (EU) 2021/1257 to the IBIPs Regulation, including the following:

  • Introduction of definitions of “sustainability factors”, “sustainability preferences” and “sustainability risks» in accordance with the European legislation mentioned above;
  • As it concerns conflicts of interestit is expected that distributors – who operate with the aim of obtaining the best possible result in relation to policyholders’ insurance objectives – also take into account their sustainability preferences, where applicable;
  • As it concerns pre-contractual informationthe description of the risks associated with the product provided by the insurance intermediary and the insurance company that distributes the IBIP to the policyholder includes, where applicable, the sustainability risks;
  • With reference to the aptitude assessment relating to the sale of IBIPs, information on the investment objectives that insurance intermediaries and undertakings obtain from the policyholder or potential policyholder – before concluding an insurance proposal or contract – also includes, where appropriate , sustainability preferences. When intermediaries and insurance companies provide tips as part of the distribution, they must adopt policies and procedures to ensure their understanding, in addition to the nature and characteristics of the IBIP they intend to distribute, also of any sustainability factors;
  • The declaration of aptitude provided by the intermediary and the insurance company in the event of advice must also indicate whether the IBIP meets the preferences of the policyholder in terms of sustainability, if applicable; when no IBIP meets the sustainability preferences of the policyholder or potential policyholder and the policyholder voluntarily decides to adjust his sustainability preferences for the conclusion of the contract, the declaration of suitability must disclose this fit and the reasons behind it. Conversely, when the policyholder or potential policyholder has not adapted their sustainability preferences, insurance intermediaries and advisory firms explain to them the reasons why the statement of adequacy can be provided and retain relevant documentation.
Amendments to Regulation 45

Regulation 45 would be amended to align it with the changes and integrations made by Delegated Regulation (EU) 2021/1257 to the POG Regulation, including:

  • When defining the target market, manufacturers must also take into account, among other things, the sustainability objectives of customers, where applicable. Manufacturers are not required to carry out the negative target market definition in relation to products taking into account sustainability factors;
  • Manufacturers, when evaluating the costs and charges to be applied to the insurance productalso consider that their amount is also compatible with the objectives of the target market related to sustainability, if applicable;
  • Insurance intermediaries who distribute products marketed in Italy by EU insurance companies operating under the right of establishment or the freedom to provide servicesadopts the safeguards necessary to ensure that insurance products are also distributed in accordance with any sustainability-related objectives of the actual target market identified.

Next steps

The public consultation will be open until December 23, 2022. After the public consultation phase, the comments received and the resulting IVASS resolutions will be made public on the IVASS website.

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An easy guide to understand https://glwdrk.com/an-easy-guide-to-understand/ Tue, 25 Oct 2022 14:44:45 +0000 https://glwdrk.com/an-easy-guide-to-understand/ All about crypto trading, explained in basic and simple terms. As cryptocurrencies slowly but surely begin to take over the world, the market has gained immense popularity in recent years. Over the past decade, since the launch and introduction of Bitcoin in the market, its rapid development and its value now surpassing that of gold, […]]]>

All about crypto trading, explained in basic and simple terms.

As cryptocurrencies slowly but surely begin to take over the world, the market has gained immense popularity in recent years. Over the past decade, since the launch and introduction of Bitcoin in the market, its rapid development and its value now surpassing that of gold, consumers have aroused great interest.

It’s all about timing. If you time it correctly, you can get much higher returns. The goal is to ideally make a profit by buying or selling cryptos, depending on how the value of the underlying asset changes. However, since cryptocurrency prices are still so volatile, many traders are opting for HODL because it seems like a much safer and more attractive option to them.

It’s a lot! So here is a simple guide to simply understand what crypto trading is and how it actually works.

What is Crypto Trading?

Crypto trading involves speculating on the fluctuation in price and value of digital currencies. Due to their volatility, we are talking about price movements which can be potentially high highs and lows.

How does crypto trading work?

A way of crypto trading is to use a digital wallet to buy and sell cryptocurrencies through an exchange, where their value would depend on market rates at the time. As with the stock market, once you buy a cryptocurrency, you can make a profit if you sell it for more than you paid.

CFDs (Contracts for Difference) are another popular way to crypto trading. This is a much more advanced trading strategy that is mostly used by experienced investors. If you are trading cryptos as CFDs, you do not own the underlying asset. Instead, a contract is made between buyer and seller to exchange the difference in value between the opening and closing of the contract.

Crypto trading is still not a simple task. This involves a risk that few people are used to compared to traditional markets and exchanges. It requires relevant skills and knowledge to understand, follow and analyze the market.

Risk Warning: Cryptocurrencies are highly volatile and trading may result in the loss of your invested funds. Before investing, you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is right for you in light of your financial situation and not invest money that you cannot afford to lose.

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Research: Rating Action: Moody’s assigns Aaa(sf) to Colorado Housing and Finance Authority Class I Bonds, 2022 Series H-1 & I, Aa3(sf) to Class III Bonds, 2022 Series H-2; stable outlook https://glwdrk.com/research-rating-action-moodys-assigns-aaasf-to-colorado-housing-and-finance-authority-class-i-bonds-2022-series-h-1-stable-outlook/ Fri, 21 Oct 2022 22:53:44 +0000 https://glwdrk.com/research-rating-action-moodys-assigns-aaasf-to-colorado-housing-and-finance-authority-class-i-bonds-2022-series-h-1-stable-outlook/ No related data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, […]]]>


No related data.

© 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS, INDEBTEDNESS OR SECURITIES ASSOCIATED WITH INDEBTEDNESS, AND THE DOCUMENTS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, THE “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY FAILURE TO MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS WHEN DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE THE APPLICABLE PUBLICATION OF MOODY’S RATINGS SYMBOLS AND DEFINITIONS FOR MORE INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS COVERED BY MOODY’S CREDIT RATINGS. THE CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISKS, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“RATINGS”) AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACTS. MOODY’S PUBLICATIONS MAY ALSO INCLUDE MODEL-BASED QUANTITATIVE ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. AND/OR ITS AFFILIATES. MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS ARE AND DO NOT PROVIDE ANY RECOMMENDATION TO BUY, SELL OR HOLD PARTICULAR SECURITIES. MOODY’S CREDIT RATINGS, RATINGS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF ANY INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE CARE AND UNDERSTANDING THAT EACH INVESTOR WILL CAREFULLY MAKE HIS OWN RESEARCH AND EVALUATION OF EACH SECURITY THAT IS CONSIDERED FOR PURCHASE, HOLDING OR SALE.

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MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stocks rated by MJKK or MSFJ (as applicable) have, prior to the assignment of any credit rating, agreed to pay MJKK or MSFJ (as applicable) for credit rating opinions and the services it renders a fee ranging from 100 000 JPY to around 550,000,000 JPY.

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