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Monster storm about to hit millions with catastrophic ice and heavy snow CNNThis Mega Snowstorm Will Be a Test for the US Supply Chain WIREDWinter Storm With 'Catastrophic' South Ice, Heavy Snow From Texas To Northeast To Affect Over 230 Million weather.comLIVE MAP: See the U.S. winter storm 72-hour snowfall forecast PBSBiggest snowstorm in years set to hit half of U.S. Yahoo
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Lone Star Funds has agreed to acquire Alliance Ground International, a North American airport services provider, from Greenbriar Equity Group and Audax Private Equity.
The post Deal Roundup: Lone Star to buy AGI from Greenbriar Equity, Audax; Aurora Capital picks up Anova appeared first on AltAssets Private Equity News.
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Black Bay Partners, a private equity firm specializing in the energy industry and adjacent chemical and industrial sectors, has hit a $425m hard cap close for its third flagship fund.
The post Oil, gas and adjacent services investor Black Bay Partners soars to $425m hard cap Fund III close appeared first on AltAssets Private Equity News.
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BlackRock's Rick Rieder surges ahead in race to chair Federal Reserve Financial TimesWall Street's Rick Rieder may be gaining ground in Trump's hunt for a new Fed chair CNNTrump signals he has a favorite for Fed chair: 'Down to maybe one, in my mind' CNBCHassett says new Fed chair should be 'an independent person' who respects mandates Reuters
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Disruption. It's coming for the U.S. dollar in the form of digital currency. Last week the Biden administration detailed a broad plan for adopting a central bank digital currency (CBDC) in the coming years. The Departments of Energy, Commerce, the Treasury, and other agencies weighed in on how to manage and regulate a CBDC.
The government is reacting in part to the explosive growth of digital currencies. About three out of ten U.S. adults currently invest in some form of cryptocurrency, or "crypto," like Bitcoin or Ethereum. These digital "coins" rely on a decentralized network of computers to verify financial transactions, cutting out third parties like banks or credit cards.
The good, the bad, and the ugly of crypto
Advocates of crypto point to its affordability, efficiency, and its ability to reach consumers with little or no access to traditional banking services. With just a mobile phone or a crypto ATM, consumers can easily send and receive digital currency, even across international borders.
On the other hand, crypto is still largely unregulated and volatile. Investors in Bitcoin, for example, saw returns of over 70% in 2021, but the currency is down almost 60% year to date. And if you send your payment to the wrong account (called a "digital wallet") there may be no way to retrieve it. Crypto has also been used for money laundering, fraud, and to fund terrorism. Several
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