Bakkt Names Karen Alexander CFO | news
ALPHARETTA, Ga.–(BUSINESS WIRE)–August 9, 2022– Bakkt Holdings, Inc. (NYSE: BKKT), a digital asset platform that unlocks crypto and fosters loyalty to create delightful, connected experiences for a wide range of customers, announced that Karen Alexander, interim CFO, has been named CFO of Bakkt. . Ms. Alexander assumed the role of interim CFO on May 23, 2022 and previously served as Bakkt’s chief accounting officer. “I am pleased to welcome Karen to the role of Chief Financial Officer,” said Gavin Michael, president and CEO of Bakkt. “With Karen’s expansive industry experience and intimate knowledge of our company’s finances, she is perfectly…
Read More »CBA results drag financial sector as ASX trades lower on international inflation nerves
Australian shares traded lower on Wednesday as investors awaited crucial US inflation data and grappled with price hikes in China. At 14:00 AEST, the ASX 200 was down 0.2 per cent. Inflation has become one of the biggest issues facing economies globally as nations reopen after pandemic shutdowns, grapple with supply chain issues and grapple with the hangover of low emergency interest rates. US inflation data will be released later on Wednesday AEST. This country has already been showing rising inflation. This is also a problem here in Australia where, annually, the official rate is now 6.1 percent. As a…
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The Justice Department is under pressure to explain the attack on Donald Trump’s estate
The US Justice Department is under pressure to give a fuller account of the FBI’s search of Donald Trump’s Florida estate after the unprecedented raid on the home of a former US president sparked howls of outrage from Republicans. As of Tuesday night, the Justice Department and FBI had not yet commented on the Mar-a-Lago search, which was conducted a day earlier by what Trump described as a “large group” of agents federal FBI searches must be approved by a federal judge. More details about the focus of the raid emerged later in the day. People close to Trump confirmed…
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An unlikely target of China’s anger: Taiwan’s soft-spoken leader
Tsai Ing-wen offered a faint smile three years ago when a foreign visitor asked her if she was worried about Beijing’s military threat. “Of course. They will come straight to the Tamsui River to get me,” Taiwan’s president said, referring to Chinese plans to take over his country, which include capturing or killing its leaders. After Tsai met with US House Speaker Nancy Pelosi last Wednesday, that scenario no longer seems so far-fetched. China responded to the trip by firing missiles at Taipei, scrambling fighter jets and simulating an assault on the island. Beijing has accused Tsai of plotting Taiwan’s…
Read More »Humanitarian society that asks for financial aid | News, Sports, Employment
YOUNGSTOWN – The Animal Charity of Ohio Humane Society said it has such a high number of abused animals, with 90 percent of them coming from Youngstown, that unless it receives financial assistance from the city, it may have to stop the services here. “If Youngstown has to be too much and it gets there, we could be out of town,” Animal Charity chief operating officer Jane MacMurchy told the city council’s health committee Tuesday. He added: “We hope it never happens, but we are dealing with emergency numbers.” Councilwoman Lauren McNally, D-5th Ward and chairwoman of the committee, said,…
Read More »Elon Musk sells 7.92 million Tesla shares worth $6.88 billion
NEW YORK, NEW YORK – MAY 2: Elon Musk attends the 2022 Met Gala celebrating ‘In America: An Anthology of Fashion’ at the Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Dimitrios Kambouris/Getty Images for the Met Museum/Vogue) Dimitrios Kambouris | Getty Images Entertainment | Getty Images Tesla CEO Elon Musk sold 7.92 million Tesla shares worth about $6.88 billion, according to a series of financial filings released Tuesday night. Their transactions occurred between Aug. 5 and Aug. 9, SEC filings revealed, following Tesla’s 2022 annual shareholder meeting on Aug. 4 in Austin, Texas….
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Coinbase racks up $1.1 billion in losses as crypto trading volumes fall
Coinbase, the cryptocurrency exchange, said its revenue had fallen 61% in the last quarter as cryptocurrency prices fell and trading volumes fell. The San Francisco-based company reported an after-tax loss of $1.1 billion on Tuesday, compared with the $1.6 billion net profit it posted amid the crypto boom a year ago. It said $446 million of the loss reflected an impairment charge on its crypto and venture investments. Shares of Coinbase fell more than 5 percent in aftermarket trading, after losing nearly 11 percent earlier in the day. The collapse in the prices of bitcoin and other cryptocurrencies put the…
Read More »First National Bank of Elmer announces the retirement of Matthew A. Swift, Chief Financial Officer/Chief Operating Officer
ELMER, NJ–(BUSINESS THREAD)–First National Bank of Elmer has announced the retirement of Matthew A. Swift, executive vice president/chief financial officer/chief operating officer. Brian W. Jones, President and CEO, said: “Under Matt’s leadership, the accounting and finance segments have been integrated into more efficient and functional areas of the bank. I wish him the best in his retirement.” The responsibilities of Mr. Swift for the bank’s accounting and finance areas will be assumed by Cynthia L. Volk, senior vice president/chief financial officer, and the banking operations areas will be assumed by Matthew J. Haines, senior vice president/chief operating officer. First National…
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