Tag Archive for: street

Hackers hit Wall Street arm of Chinese banking giant ICBC


A U.S. subsidiary of China’s biggest bank was hacked this week, threatening a temporary logjam for some trades in the Treasury bond market.

ICBC Financial Services, a New York-based entity owned by the Industrial and Commercial Bank of China, was the victim of a ransomware attack on Wednesday. The unit largely focuses on clearing, which means ensuring that transactions previously agreed by traders go through, and on lending and borrowing through repurchase agreements—a form of collateralized funding that forms a vital part of the financial system. 

CYBERATTACK OF MAJOR MORTGAGE SERVICER LEAVES CUSTOMERS WITHOUT ONLINE PAYMENT OPTION

The company was forced to disconnect and isolate some of its I.T. systems after the attack. But it said it was able to clear all trades involving U.S. Treasurys that were executed on Wednesday, and repo financing that took place on Thursday.

The incident shines a spotlight on the financial connections between China and the U.S., which persist despite political tensions and economic rivalry between the two countries. Chinese institutions hold more than $800 billion of Treasury bonds, even after a yearslong reduction in their holdings, and the country’s biggest banks are active in the U.S. government-bond market.

BOEING LOOKING INTO HACKING GANG’S RANSOMWARE THREAT

ICBC Financial Services forms part of the plumbing of the U.S. Treasury market as a member of the government-securities division of the Fixed Income Clearing Corporation. The FICC clears all trades in government bonds among members, which include household names such as Goldman Sachs and JPMorgan Chase, as well as smaller interdealer brokers.

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Top Wall Street Firm Has 5 Stocks Under $10 With 160% to 970% Upside Potential – 24/7 Wall St.


Investing

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep prices, it is difficult to get any decent share count leverage.

Many investors, especially more aggressive traders, look at lower-priced stocks as a way not only to make some good money but to get a higher share count. That can really help the decision-making process, especially when you are on to a winner, as you can always sell half and keep half.

Skeptics of low-priced shares should remember that at one point both Amazon, Apple and Netflix traded in the single digits. One stock we featured over the years, Zynga, was purchased by Take-Two Interactive. Cogent Biosciences, which we featured in March, has tripled since then.

Raymond James is one the premier investment banks in the world, so we screened the firm’s outstanding research database and found five stocks trading for less than $10 a share with the firm’s highest Strong Buy rating that could provide investors with some massive upside potential, ranging from 160% to almost 1,000%.

While all five are rated Outperform at Raymond James, they are much better suited for aggressive investors, and it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.

Arlo Technologies

This company provides the kind of technology that is in big demand and forward growth could be remarkable. Arlo Technologies Inc. (NYSE: ARLO) provides a cloud-based platform in the Americas, Europe, the Middle East and elsewhere. It combines an intelligent cloud infrastructure and mobile app with various smart connected devices.

The company offers Arlo essential indoor camera; Arlo Go 2 LTE/Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allows users to monitor their surroundings; and Arlo Go, an LTE-enabled…

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Street Lights Out for Weeks in Roseland, Neighbors Raise Safety Concerns – NBC Chicago


Senior citizens living on one block in Chicago's Roseland neighborhood assert their street lights have been out for multiple weeks, and they worry the problem will cause a crash or lead to more crime. 

For multiple weeks, the 113th block of Wallace Street has looked pitch black at night, except for the glow of some porch lights.

Angela Myrick, who has lived on the block for 25 years, says going out at night is limited, and nighttime visits from others are, too.

“I walked last night, but one house had a gap, you could not see at all,” she stated.

While lights on the 113th block are out, residents say if you go one block over – to the 114th block – street lights there do function. Some residents say they’ve called the city’s 311 hotline so often about the issue, dispatchers know their names.

“I have called so many times, they say, ‘ok, well get to you,’ I say ,’when,'” said resident Joseph Garrett.

“We have exhausted all of our means here, that is why we turned to NBC 5,” stated one resident.

NBC 5 reached out to the city’s Department of Transportation, which is responsible for maintain and repairing street lights, and is still awaiting a response. Ald. Carrie Austin, who represents the city’s 34th Ward, which includes the block, said she has done everything in her power to get the issue resolved.

“This is 35 days it has been going on, but not on our end, it is on 311, it is on the department’s end,” Austin said.

Until the lights are fixed, some residents say they’ll just rely on their porch lights and pray nothing happens.

“Roseland has a reputation, and it is well known, and the city is putting us in jeopardy, and I don’t like [it],” one resident said.

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New to The Street TV / Newsmax TV announces its Eight Interviews for This Week’s TV Broadcast, Episode #363, Sunday, July 10, 2022, 10-11 AM ET


New to The Street TV / Newsmax TV announces its Eight Interviews for This Week’s TV Broadcast, Episode #363, Sunday, July 10, 2022, 10-11 AM ET

New to The Street's 363rd TV episode lineup features:1). Unstoppable Branding Agency (UBA) 2).  Epic Cash (CRYPTO: EPIC) ($EPIC)  3). Verde Bio Holdings, Inc. (OTCQB: VBHI) 4). Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) 5). CryptoMondays 6). Paypolitan (CRYPTO: EPAN) ($EPAN) 7).Linqto8).“Weekly Sekur Privacy & Sekur Security Segment (OTCQX: SWISF) -https://www.newsmaxtv.com/Shows/New-to-the-Street & https://www.newtothestreet.com/
New to The Street’s 363rd TV episode lineup features:1). Unstoppable Branding Agency (UBA) 2). Epic Cash (CRYPTO: EPIC) ($EPIC) 3). Verde Bio Holdings, Inc. (OTCQB: VBHI) 4). Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) 5). CryptoMondays 6). Paypolitan (CRYPTO: EPAN) ($EPAN) 7).Linqto8).“Weekly Sekur Privacy & Sekur Security Segment (OTCQX: SWISF) -https://www.newsmaxtv.com/Shows/New-to-the-Street & https://www.newtothestreet.com/

NEW YORK, July 08, 2022 (GLOBE NEWSWIRE) — FMW Media’s New to The Street / Newsmax TV announces the broadcasting lineup of its national syndicated 1-hour TV show this Sunday, July 10, 2022, airing time 10-11 AM ET.

New to The Street’s 363rd TV episode lineup features eight interviews of the following Companies and their businesses representatives:

1). Branding Agency – Unstoppable Branding Agency’s (UBA) interview with Rhonda Swan, CEO/Founder.

2). Cryptocurrency – Epic Cash’s (CRYPTO: EPIC) ($EPIC) interview with Mike Mumola, Impact Ambassador.

3). Verde Bio Holdings, Inc.’s (OTCQB: VBHI) interview with Scott Cox, CEO.

4). Sekur Private Data, Ltd.’s (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) interview with Alain Ghiai, CEO.

5). Cryptocurrency – DLTx’s interview with James Haft, Chairman.

6). Cryptocurrency – Paypolitan’s (CRYPTO: EPAN) ($EPAN) interview with Nils Tharandt Ortiz, CEO/Co-founder.

7). Private Securities – Linqto’s interview with Susan Miller, Chief Growth Officer (CGO), and Lisa Carmen Wang, Founder, “Bad Bitch Empire.”

8). “Weekly Sekur Privacy & Sekur Security Segment” interview with internet privacy expert Mr. Alain Ghiai, CEO, Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) (Sekur®).

The New to The Street TV show welcomes Rhonda Swan, CEO/Founder at Unstoppable Branding Agency (UBA), who sits down for her interview with TV host Jane King at the Nasdaq Marketplace studio. Rhonda is the podcast host of “The Rhonda Swan Show (formerly – “The Help Me Rhonda Show”) an author, an international keynote…

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