Money

• What is the equanimity superyacht?
• How many people can fit on a superyacht?
• How many cabins does the equanimity have?
• Who owns the superyacht equanimity?
• Who owns superyacht tranquility?
• Does Jeff Bezos have a yacht?
• Who owns the Kismet yacht?
• Where is tranquility yacht today?
• Does Kylie Jenner have a yacht?
• Who owns the Flying Fox yacht?

Bidding opened Monday for Equanimity, the $250 million superyacht at the center of Malaysia’s 1MDB scandal. The yacht was among assets linked to funds allegedly stolen from 1Malaysia Development Berhad, a state-run investment fund set up by former Prime Minister Najib Razak.

Full Answer

 

What is the equanimity superyacht?

Here’s a look inside the ultra-luxurious yacht. Equanimity is a 91.5-meter (300-foot) superyacht. The yacht was built in 2014 in the Netherlands and has an exterior design created by Oceanco, a privately owned custom-yacht builder. The boat has a cruising speed of 15 knots and a maximum speed of 18.5 knots.

• Who is Derek Acorah and how old is he?
• What was Derek Acorah’s cause of death?
• Did Derek Acorah get a driving ban?
• How old is Derek Walcott now?
• How old is Derek Acorah?
• What was Derek Acorah’s first spiritual encounter?
• What is Derek’s zodiac sign?
• How much is Derek the Psychic worth?
• What channel did Derek Acorah work on?
• How did Derek die?
• Is Derek the rapper tall?
• Who is Derek Acorah?
• Where was Derek Acorah born?
• What channel did Derek Acorah first appear on?
• How did Acorah die?
• What episode did Derek Acorah appear in?
• What TV show did Derek Acorah film?
• What series did Acorah compete in?

 

Who is Derek Acorah and how old is he?

Before his career as a medium, Acorah played as a footballer, and was once on the books of Liverpool, but his career was cut short by injury. Acorah was born Derek Francis Johnson, in Bootle on 27 January 1950 to Frederick Johnson and Elizabeth Courtney.

• Who is Jack Kingston?
• How old is James Kingston now?
• How much did Jack Kingston raise in the 4th quarter?
• Who is Jack Kingston of the Georgia Republican Party?
• See more
• How much is Kingston worth in 2012?
• Where was Congressman Kingston born?
• How much did the Kingston earmarks go to?
• What amendment did Kingston vote against?
• Is Kingston a Republican?
• Who is Jack Kingston?
• How many times was Kingston reelected?
• What did Kingston pledge in 2010?
• Who is Jack Kingston?
• Who did Kingston lose to?
• How many times was Kingston reelected?
• What did Kingston pledge in 2010?
• Why did Kingston say chores should be done?
• When did Kingston vote for impeachment?
• When did Kingston leave the state house?

 

Who is Jack Kingston?

Throughout his tenure, Kingston has received over 40 awards on a diversity of issues from various interest groups. Kingston signed the Taxpayer Protection Pledge by the Americans for Tax Reform, and in 2009 he was named a “Taxpayer Hero” by the Council for Citizens Against Government Waste for his votes to reduce government spending and taxes.

Nearly a year after accurately forecasting this year’s meltdown in global markets, billionaire investor Chamath Palihapitiya says he’s positioned to capitalize on a major market rally.

In a new episode of the All-In Podcast, Palihapitiya says he’s bullish on the S&P 500 as he believes the stock market index has carved a short-term bottom.

“What’s incredible on this chart is that when everybody talks about being long on the S&P 500, it was always really a proxy for being long Amazon, Facebook, Google and Apple. At the peak, in May of this year, $0.25 of every single dollar of the S&P 500 were these five companies. 

We always said the market bottom will be when the ‘generals’ get shot… It looks like the generals have been shot. What’s incredible is this week every single one of those companies other than Apple really reported pretty crappy earnings. They got totally taken to the woodshed. The percentage of these companies as a percentage of the S&P [500] is now off by 500 basis points. It’s down to 20% yet the markets are ripping higher today…

• ALEXANDRIA, Va.—The FBI paid the primary source of the notorious debunked Steele dossier nearly $220,000 between March 2017 and October 2020 to be a “confidential human source” for the bureau.
• News Stories Researched and Posted by our Team of Volunteer Citizen Journalists

 

 

By John Haughey  October 14, 2022

 

ALEXANDRIA, Va.—The FBI paid the primary source of the notorious debunked Steele dossier nearly $220,000 between March 2017 and October 2020 to be a “confidential human source” for the bureau.

And Russian business analyst Igor Danchenko was worth every penny of it, FBI special agent Kevin Helson said during the third day of testimony on Oct. 13 in Danchenko’s trial on five counts of making false statements to investigators in January 2017.

Testifying before U.S. Eastern District of Virginia Judge Anthony Trenga, Helson said during that 42-month span, information from Danchenko generated 40 intelligence reports and spurred 25 investigations, calling his network of contacts the best he had seen in his 20-year career and changing the way the agency runs its Russian counterintelligence programs.

When then-Attorney General William Barr in July 2020 released a redacted transcript of Danchenko’s three-day interview with agents in January 2017—where he allegedly made the false statements—he became “a target because of the political environment” and potentially exposed to Russian operatives, Helson said.

Well, we have bad news for those of you who were expecting a swift conclusion to the ongoing soap opera between Elon Musk and Twitter after the CEO of Tesla agreed to revive the original Twitter takeover deal earlier this week. The drama continues!

In recently filed court documents that are now being quoted by Reuters and New York Times, Elon Musk has asked the Delaware Court of Chancery to delay the trial set to commence on the 17th of October, citing the need to secure debt financing for the deal.

Rough est of the extra interest exp $TWTR will have vs expectations at time of deal

SOFR has moved 2.75%…on $13B = ~$350mm.

Also, the sr notes and sr unsec notes likely go to bridge, which have spreads at least 250 bp higher than expected ($6b = ~$150mm)

total $500mm (extra)

— Rob Schmied (@rschmied) October 6, 2022

As we noted in a recent post, Elon Musk is working to secure $13 billion in debt financing. However, in a world rocked by soaring interest rates and crashing bond prices, this is anything but easy. As an illustration, that $13 billion financing now entails additional interest expense of around $500 million, given the significant increase in the benchmark rates since April.

TOKYO (AP) — Hong Kong’s share benchmark soared more than 5% on Wednesday as Asian shares tracked gains on Wall Street.

New Zealand’s share benchmark rose 0.7% after its central bank hiked its benchmark interest rate to 3.5%, saying inflation remained too high and labor scarce. The half-point rate hike was the fifth in a row made by the Reserve Bank of New Zealand since February.

Statistics New Zealand said inflation was running at 7.3% and unemployment at 3.3%. The rate hike came on the same day the government announced its finances were in better shape than forecast.

The Hang Seng in Hong Kong rose 5.3% to 17,988.86, catching up with gains elsewhere as markets reopened following a holiday Tuesday. Markets in mainland China remained closed for a holiday.

Japan’s benchmark Nikkei 225 added 0.3% in morning trading to 27,079.49. Australia’s S&P/ASX 200 added 1.5% to 6,797.80. Shares in Australia got a boost after the Reserve Bank of Australia ordered a smaller-than-expected 25 basis points interest rate hike on Tuesday.

South Korea’s Kospi added 0.6% in morning trading to 2,221.43.

Analysts said the latest data on South Korea’s inflation may push the Bank of Korea to raise interest rates at its meeting set for next week, but such hikes were expected to slow in pace as inflation is brought under control.

“We expect headline inflation to rise again in October. Gasoline prices will likely decline further, but city gas and power rates were raised at the beginning of October and fresh food prices will also probably rise ahead of winter,” said a report by Robert Carnell, regional head of research Asia-Pacific at ING.

Twitter appears ready to move forward with the deal for Elon Musk to buy Twitter, announcing in an Oct. 4 post they intend to close the transaction at $54.20 per share.

In an unexpected u-turn, Tesla CEO and billionaire Elon Musk looks set to complete his $44 billion acquisition of Twitter, alleged spam bots, fake accounts and all. 

According to the notice filed by Musk’s lawyers with the Delaware Chancery Court on Monday, which was overseeing the trial, Musk is ready to “proceed to closing of the transaction contemplated by the April 25, 2022 Merger Agreement.”

It follows several months of legal drama with the social media platform where Musk tried to back out of the deal, citing Twitter’s lack of transparency around spam bots, fake accounts and the financial health of the business, and came just weeks before a rapidly approaching court date to settle the matter on Oct. 17.

Musk’s proposed deal comes on the condition that there is “an immediate stay of the action” and adjournment of the trial and pending receipt of financing. 

Twitter appears ready to accept the terms of the deal, announcing in an Oct. 4 Twitter post they intend to close the transaction at $54.20 per share.

Fidelity investment, one of the largest asset and brokerages managers has finally launched its first cryptocurrency custody and trading platform.

Initially, fidelity did not get involved directly with cryptocurrencies but rather preferred to partner with Coinbase, the largest exchange for crypto-to-fiat currencies in the world market. The partnership enabled fidelity clients to track the performance of major coins such as Ethereum and Bitcoin through Fidelity Portfolio Summary View.

During this period, the only investors allowed to invest in the new class of assets were those that were already registered with Coinbase since Fidelity had not directly incorporated the crypto assets into its infrastructure. Perhaps fidelity opted to use that as a window period to study the market and demand trends for cryptocurrency investors.

After a year of careful testing and evaluation, the firm decided to fully incorporate the digital assets into its platform.

Fidelity took a tactical stance in dealing with cryptocurrencies

In an interview with The Street, Hardley Stern, the managing director at Fidelity Labs explained that though the mass adoption of cryptocurrencies is still far from near, the disruptive effect they have on the market cannot be neglected.

“Bitcoin and other blockchain technologies are emerging from their infancy but mass adoption is still many years away. Additionally, don’t underestimate their disruptive nature. Just as many other technologies have done in the past, Bitcoin and blockchain will transform how we manage our finances. Stern said.

Fidelity also decided to mine cryptocurrencies for a brief period just to get a deeper understanding of how they work.

• HELOC borrowers can speed up their approval process
• HELOC: A fast way to access home equity
• How to get a HELOC approved faster
• HELOC closing times FAQ
• Start now to shorten the time it takes to get a HELOC
• 1. Find a HELOC lender that doesn’t require an appraisal
• 2. Call around to ask for time estimates
• 3. Try local credit unions
• 4. Have all your documents ready
• 5. Leave a spouse off the loan
• 6. Call to follow up
• 7. Clean up your credit before applying

HELOC borrowers can speed up their approval process

It could take up to six weeks — and sometimes longer — to get a home equity line of credit (HELOC).

Or it could take only two weeks. As the borrower, you have some control over how fast your HELOC closes. 

So if you can’t wait a month or more to access your home equity, you’ll need to take action. 

First, look for the fastest lenders. Then, be sure to do your part to keep the loan process on track. 

Submit your HELOC details to get started.

What’s in this article?

HELOC: A fast way to access home equity

Jump ↓

7 steps for a faster HELOC approval

Jump ↓

HELOC closing times FAQ

Jump ↓

Start now to speed your HELOC approval

Jump ↓