X investors who helped Elon Musk buy company include VC firms, Saudi prince
Investors who helped Elon Musk acquire X for $44 billion two years ago included some of Silicon Valley’s top venture capitalists, members of Saudi Arabia’s royal family and a fund with ties to disgraced hip-hop mogul Sean “Diddy” Combs, according to court documents. A federal judge in San Francisco on Tuesday ordered Co. X to […]
NY weighs charging oil firms billions of dollars to fuel new climate change fund
Governor Kathy Hawkle Decide now Whether to approve a controversial bill that would force oil, natural gas and coal companies to pay billions of dollars to the state for contributing to climate change. Supporters liken the plan — a proposed Climate Change Superfund — to the federal Superfund program that has sought to hold polluters […]
Wall Street firms fined $390M in over text, WhatsApp messages
The SEC watchdog on Thursday levied $390 million in fines on 26 Wall Street investment firms as part of its latest crackdown on misuse of text and WhatsApp messaging. The fined firms included Ameriprise Financial, Edward Jones, LPL Financial and Raymond James, which each agreed to pay $50 million to settle the allegations. BNY’s Pershing […]
SEC probe of B. Riley widens as struggling firm’s stock drops more than 50% on profit warning
The federal government has expanded its investigation into financial misconduct at B. Riley & Co., sources told The Washington Post, even as the struggling Wall Street company suspended its dividend and issued a profit warning on Monday and its stock price fell more than 50%. Short sellers continued to provide information about B. Riley to […]
FTC probes AI-powered ‘surveillance pricing’ at firms including Mastercard, JPMorgan Chase, McKinsey
Sarah Ponczek and Luke Lloyd discuss the technology and AI landscape, the impact on air freight and ocean shipping rates with Shein and Temu, and how the federal government will handle rates. The Federal Trade Commission (FTC) announced Tuesday that it has launched an investigation into eight companies that offer surveillance pricing tools. Artificial Intelligence […]
Gold prices edge lower as dollar firms after Trump attack – Investing.com
Investing.com — Gold prices were slightly lower at the start of Asian trading on Monday, holding near record highs but seeing little boost in safe-haven demand following the alleged assassination attempt on former U.S. President Donald Trump. The dollar recovered some of its recent losses on Monday as safe-haven buying supported it amid growing political […]
Dollar firms on Powell caution; kiwi eases after dovish cenbank – Yahoo Finance
Kevin Backlund TOKYO (Reuters) – The dollar rebounded from a three-week low on Tuesday after Federal Reserve Chairman Jerome Powell sounded cautious about when the U.S. might cut interest rates, helping to push the dollar higher. The New Zealand dollar weakened after the central bank expressed confidence that inflation will return to its target range […]
Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
TANGIERS, Morocco (AP) — After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. In the rolling hills near Tangiers and in industrial parks near the Atlantic Ocean, they have announced plans for new factories […]
DNC Sent Millions To Law Firms Behind ‘Unprecedented Lawfare’ Campaign Against Trump
Estimated Reading Time: 2 minutes Editors’ Note: It is important to realize that “lawfare” is more than the mobilization of Federal Agencies to use the courts to achieve ends properly left to the political process. It extends to private law firms hired by the DNC, plus a wide variety of non-profits and NGOs. This also […]
Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com – Investing.com
Investing.com — Most Asian currencies traded in narrow ranges on Friday as the dollar hovered near a two-month high ahead of the release of a key inflation reading that is likely to influence the Federal Reserve’s interest rate outlook. The dollar’s strength pushed the Japanese yen further below the level at which traders had initially […]