Holdings

Stablecoin Tether trades commercial paper holdings for US Treasuries

Stablecoin Tether trades commercial paper holdings for US Treasuries

The world’s largest stablecoin issuer said Thursday it has moved all its commercial paper holdings into US Treasuries. Since July 1, Tether (USDT) has exchanged approximately $3.5 billion of unidentified unsecured corporate notes or commercial paper for T-bills, according to a blog post from Tether. The coin holds $68 billion in circulating supply, representing 46% …

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Tether, the world's biggest stablecoin, cuts its commercial paper holdings to zero

Tether, the world’s biggest stablecoin, cuts its commercial paper holdings to zero

The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.” Justin Tallis | AFP via Getty Images Tether, the world’s largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with US Treasury bills instead, according to a blog post. The …

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Texas accuses 10 financial companies, including BlackRock, of 'boycotting' energy companies and orders state pension funds to divest from holdings

Texas accuses 10 financial companies, including BlackRock, of ‘boycotting’ energy companies and orders state pension funds to divest from holdings

Participant seen holding a sign outside BlackRock headquarters in Manhattan, where their annual shareholders meeting took place, May 25, 2022. Eric McGregor | Lightrocket | Getty Images Texas comptroller Glenn Hegar on Wednesday accused ten financial companies, including investing titan BlackRock, and 350 investment funds of taking steps to “boycott energy companies.” The move could …

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AMC Entertainment Holdings, Inc.  Announces Special Dividend of AMC Preferred Equity Units

AMC Entertainment Holdings, Inc. Announces Special Dividend of AMC Preferred Equity Units

LEAWOOD, Kan., August 04, 2022–(BUSINESS WIRE)–AMC Entertainment Holdings, Inc. (NYSE: AMC) (the “Company,” or “AMC”), announced today that it has declared a special dividend of one AMC Preferred Equity unit (an “AMC Preferred Equity Unit”) for each share of AMC Class A common stock , par value $0.01 per share (the “Common Stock”), outstanding at …

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