Senate Passes $40 Billion Emergency Aid to Ukraine and FTX U.S. is launching a Stock Trading Platform
Uniic Media Newsletter - Friday - May 20, 2022
Luxury Watchmaker Tag Heuer Starts Accepting Crypto for Online Payments
TAG Heuer, a Swiss luxury watchmaker, is now accepting bitcoin and other cryptocurrencies as payment online through a partnership with BitPay, according to a press release.
TAG allows customers up to $10,000 per transaction with no minimum spending requirements to use bitcoin and other cryptocurrencies.
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Senate Passes $40 Billion Aid Package for Ukraine
The Senate voted yesterday to pass a roughly $40 Billion bill to send aid to Ukraine as the country fights back against Russia's brutal and unprovoked attacks.
The measure passed the House earlier this month and will now go to President Joe Biden to be signed into law. The final tally in the Senate was 86 to 11.
Biden will sign the aid package while he is in South Korea, an official says, with the bill being flown overseas to the President's location. Biden left yesterday on his first trip to Asia while president.
The legislation provides money for the military and humanitarian aid, including funding to assist Ukrainian military and national security forces, help replenish stores of U.S. equipment sent to Ukraine, and provide public health and medical support for Ukrainian refugees.
Existing Home Sales: 5.61 Million, Expectations: 5.65 Million, Last: 5.75 Million
Existing home sales declined 2.4% compared with March to a seasonally adjusted annualized rate of 5.61 Million units, the group said. Sales were 5.9% lower than in April 2021. That is the slowest rate since June 2020, which was artificially slow since the economy was struggling with sweeping shutdowns due to the coronavirus.
This count represents closings during the month, so it reflects contracts likely signed in February and March when mortgage rates were rising. The average rate on the 30-year fixed mortgage started in February at 3.66% and ended in March at 4.78%, according to Mortgage News Daily. It is now hovering around 5.45%.
FTX U.S. is launching Zero-Commission Stock Trading
FTX.US is going where no crypto exchange has gone before: regulated U.S. equities trading.
The firm announced yesterday the launch of a stock trading feature that would make the firm one of the most prominent companies in the crypto space to make the move into regulated securities. According to a press release, FTX Stocks will be offered through the FTX U.S. mobile application. It plans to offer trading in hundreds of U.S.-listed companies and exchange-traded funds.