City Boston Financial News

John Deaton, founder of Crypto Law and a prominent attorney in the SEC vs Ripple lawsuit, is reportedly considering running as a Republican against crypto-critic Senator Elizabeth Warren in the 2024 US Senate elections in Massachusetts.

Love is in the air

Microsoft says U.S. adversaries — chiefly Iran and North Korea and to a lesser extent Russia and China — are beginning to use generative artificial intelligence in mounting and organizing offensive cyber operations

Twenty Four Wealth, a practice with around $814 million in brokerage and advisory assets under advisement, has expanded its reach and assets under administration through the acquisition of a firm in New Hampshire.

Boston Celtics power forward Jayson Tatum announced Tuesday a gift of $1 million from the financial services company SoFi to his nonprofit

snowstorm hit the Northeast on Tuesday canceling and delaying flights, making roads slippery and prompting many school districts to cancel classes or switch to remote learning —- or at least try to switch. In New York City, the online learning system that serves the nation’s largest school district experienced technical problems first thing in the morning, preventing many of the 915,000 students from logging in. More than 1,000 flights were canceled Tuesday morning, mostly at the airports in the New York City area and in Boston.

By Sriparna Roy and Bhanvi Satija

Valentine’s Day, you may have to disclose your credit score, among other things to prove you are ‘fit enough’ to be someone’s Valentine. This is not just another buzz word which dating sites have lapped up on Valentine's Day, but a new way of life that manifests itself in different forms and shapes around us. It is interesting to note that a high credit score is not a prerequisite for a sound financial wealth.

The National Labor Relations Board has granted Dartmouth’s trustees extra time to request a review of a regional official’s ruling that the school’s men’s basketball players are employees

By Nate Raymond

New York City to Providence in Rhode Island, and onwards to Boston, as per a Fox report. The fast-moving winter storm was expected to hit the US Northeast early on Tuesday, dumping as much as 6 inches (15.24 centimeters) of snow on New York City before moving north later in the day and walloping Boston with more than a foot, forecasters said.

The Dartmouth men’s basketball team has scheduled a March 5 election to determine whether the players will unionize

Hewlett Packard Enterprise says suspected state-backed Russian hackers broke into its email system and stole data from cybersecurity and other employees

It’s indisputable that something needs to be done to fix the Social Security system’s underfunding problem, and a pair of ideologically opposed academics suggest eliminating the tax preferences for 401(k)s and individual retirement accounts as solution.

India in the last 12-18 months, Bain Capital, is on track to invest up to $10 billion in the next 3-5 years, according to one of its top executives. «India's time has come both due to its own internal development and hard work of structural improvements over the years,» said David Gross-Loh, managing partner, Asia, Bain Capital.

(Corrects paragraph 12 to show that the trading activity was disclosed after the fact)

A little-known federal agency, The National Institute of Standards and Technology, was tapped by the Biden administration to set testing parameters for ensuring generative AI systems are safe, secure, trustworthy and socially responsible

They added that Brookfield’s acquisition of ATC’s 78,000-odd towers in India would also boost Reliance Jio’s 5G rollout and expansion, especially since the Mukesh Ambani-led telco is already the anchor tenant of the Canadian tower company in India. “The ATC India buyout will give Brookfield a larger tower footprint and more ammo to compete with Indus, and likely result in both tower companies offering a combination of new products such as in-building solutions (IBS) as well as attractive rental deals/discounts while negotiating long-term tower contract renewals with large telco clients in future,” Rohan Dhamija, head (India & Middle East) at management consulting firm, Analysys Mason, told ET. He, though, added that Brookfield’s acquisition of ATC India would pave the way for two dominant towercos in a 3-player telco market, which is the ideal competitive structure, in that, it will ensure an overall balance with regard to pricing power between the telcos and towercos. Earlier this month, Brookfield trumped infrastructure investment group I Squared Capital to buy 100% ownership in ATC India in a $2.5-billion (about Rs 21,000 crore) all-cash deal likely to close in the second half of 2024. The deal had marked Boston-ATC’s exit from India, unleashing fresh consolidation in the country’s tower sector, now reduced to two large players — Brookfield and Indus.

By Nate Raymond

A watchdog review into market trading from two former high-ranking Federal Reserve officials criticizes their actions but does not accuse either of doing anything illegal.

The much-anticipated Bitcoin ETF approval on January 11 has set the crypto media alight. Still, despite some early signals of bullish action, the markets didn’t respond with quite the same enthusiasm, with BTC trading down 8% in the days immediately following the news. However, short-term movements were never the point of this long-fought battle. The Bitcoin ETF marks a pivotal moment for the industry. Not only is it the culmination of ten years’ worth of effort to have cryptocurrencies gain mainstream acceptance, but looking forward, it marks the starting pistol on a new era of digital asset adoption.