News 

Children in special needs education face £1.6bn cash shortfall

“The extra funding comes weeks after the Observer revealed that councils across England were being plunged into the red over their spending on special needs education” writes Michael Savage for theguardian.com. A crisis in support for children with special educational needs and disabilities could result in a £1.6bn funding shortfall and a surge in parents resorting to legal action for help, the Observer can reveal. Source: theguardian.com Share This:

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Crypto News 

Major US Crypto Exchange Coinbase Adds Cash Withdrawals to PayPal

“Major American cryptocurrency exchange Coinbase has introduced free of charge cash withdrawals to online payment system PayPal, according to an announcement published Dec. 14” writes Ana Alexandre for cointelegraph.com. In March, PayPal  filed a patent with the U.S. Patent and Trademark Office (USPTO) to increase the speed of cryptocurrency payments.In November, Coinbase launched over-the-counter (OTC) trading for institutional customers.From now on, Coinbase’s United States-based customers are able to withdraw their cash balances to Paypal. Source: cointelegraph.com Share This:

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Merck to acquire France’s Intelliq for 2.1 billion euros in cash, assumption of debt

“MRK, +1.28% said Friday it has reached agreement to acquire privately held French company Antelliq for 2.1 billion euros in cash, and the assumption of EUR1.15 billion in debt” writes Ciara Linnane for marketwatch.com. Merck shares fell 1% in premarket trade, but have gained 39% in 2018, while the S&P 500 SPX, -0.02% has fallen 0.9%.The company works with farmers, veterinarians and pet owners to gather data needed to manage the health of livestock and pets.Antelliq specializes in digital animal identification, traceability and monitoring and had EUR360 million in sales…

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Open Banking Adds Intelligence To Treasury Management

“Brett Turner, founder and CEO of corporate financial data management company Trovata, recently explained to PYMNTS why this is next to impossible using traditional financial management tools” reports pymnts.com. The friction associated with manually downloading data across banking and financial platforms, and then having to normalize it to make it usable, presents a significant opportunity for open banking initiatives and APIs in the corporate cash management space.Open banking is not a regulatory requirement in the U.S., however, and banks do not necessarily have to open up their data to third…

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News Stocks 

GE shares surge 12% after JP Morgan analyst who called their decline says the bottom is near

“GE shares jumped 12 percent in premarket trading to $7.41 from Wednesday’s close of $6.71 a share” writes Michael Sheetz for cnbc.com. GE shares fell as low as $6.66 this week, which was their low close during the financial crisis.Tusa said in the note that he sees “upside risk” to the stock of $8 and “downside risk” of $5.Tusa put out a bearish note on GE in May 2016 when the stock was above $30 that questioned the conglomerate’s earnings and cash flow outlook. Source: cnbc.com Share This:

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Crypto Markets News 

Crypto Markets See Modest Gains, Bitcoin Rises Above $3,400

“Yesterday, the Malta-based cryptocurrency exchange OKEx announced that it will list Bitcoin Cash ABC under the original Bitcoin Cash ticker BCH. It will also change the Bitcoin Cash SV ticker from BCHSV to BSV. BCH has also seen some gains over the last day, up 1.8 percent” writes Ana Alexandre for cointelegraph.com. Wednesday, Dec. 12 — Cryptocurrency markets have seen moderate gains on the day, with all top 20 coins by market capitalization in the green, according to Cointelegraph’s Coin360.The third cryptocurrency by market cap, Ethereum, is currently trading at…

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News 

Scrounging for cash, NYCHA to sell off air rights, turn over management of 62,000 units to private developers

“But it would rely on a steady stream of federal funding from the subsidy-averse Trump administration, millions in state funds promised by Gov” writes Greg B for nydailynews.com. Cuomo and more than $2 billion from the city as part of a consent decree that has been rejected by a federal judge. Source: nydailynews.com Share This:

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