SoCal pair charged for allegedly defrauding investors out of more than $22 million in cryptocurrency – ABC7 Los Angeles
LOS ANGELES (CNS) — On Friday, a Beverly Hills resident and another man were charged in an indictment with defrauding investors of more than $22 million in virtual currency through various online scams. Gabriel Hay, 23, of Beverly Hills, and Gavin Mayo, 23, of Thousand Oaks, each face one count of conspiracy to commit wire […]
Dow soars as investors welcome surprising inflation data
Stocks rallied to close Friday after a pair of lackluster sessions as a weaker-than-expected inflation report and comments from Federal Reserve officials eased concerns about the future of interest rates. The Dow Jones Industrial Average rose 498 points, or 1.2%, to 42,840.26. The blue-chip index was up more than 800 points early Friday. The S&P […]
Murky group behind ‘Hawk Tuah’ girl Haliey Welch’s failed meme coin sued by investors
The shadowy group behind Haley Welch's meme coin, which crashed hours after its launch, is suing investors for failing to register the cryptocurrency, according to court records filed Thursday. was sued by. The coin was inspired by Welch, a 22-year-old who shot to internet fame earlier this year after making vulgar comments during a TikTok […]
EUR/USD bounces back as investors digest Fed's hawkish guidance – FXStreet
EUR/USD rebounded to around 1.0400 as the US dollar took a breather after the rally caused by the Fed's hawkish guidance. Fed officials expect to cut rates only twice in 2025, fewer than the four originally expected. ECB President Bunsch said he was satisfied with market expectations for four 25 basis point rate cuts in […]
USD/JPY pullback stalls above 153.00 with investors awaiting the Fed – FXStreet
Ahead of the Fed's decision, attempts to recover the Japanese yen remain limited. Investors are bracing for a 25bps rate cut along with hawkish forward guidance. In Japan, the Bank of Japan is expected to keep interest rates unchanged on Thursday. The US dollar continues its uptrend from early December lows. The reversal from the […]
Asia-Pacific markets trade mixed as investors look toward Fed decision – CNBC
Cityscape of skyscrapers at dusk as seen from Victoria Peak in Hong Kong, China, July 23, 2023. Future Publishing | Future Publishing | Getty Images Asia-Pacific markets opened mixed on Tuesday, with Wall Street posting mixed gains as investors focused on the US Federal Reserve's decision. Australia's S&P/ASX 200 traded 0.73% higher. Japanese Nikkei Stock […]
JESSE WATTERS: Investors see SoftBank come in like this and they want to get in too
Jesse Waters: The president was at home for this weekend's Army-Navy game. And we're not talking about Biden. And then our producers learned that Biden never attended an Army-Navy game as president. It's kind of weird, isn't it? Perhaps he was afraid of the “boo bird”. Anyway. 47 brought the entire crew. JD, Elon, Vivek, […]
Ozy Media founder Carlos Watson sentenced to nearly 10 years for defrauding investors
Former talk show host Carlos Watson was sentenced Monday to 10 years in prison in a federal financial conspiracy case that accused his once-popular Ozzy Media of being the epitome of a “fake it 'til you make it” startup culture. He was sentenced to nearly a year. It was so extreme that another Ozzie executive […]
Unrivaled’s star-studded list of investors shows how big-time the league is
Unrivaled announced Monday morning that the league has closed its Series A investment round. The list of investors is, as you might expect, star-studded. milwaukee bucks Star athlete Giannis Antetokounmpo, world-renowned swimmer Michael Phelps, South Carolina women's basketball head coach Dawn Staley, and University of Southern California guard JuJu Watkins are the new 3-on-3 women's […]
DOGE Drains Banking Swamp as Wall Street Pepe Investors Cheer – Bitcoinist
As $WEPE fans cheer, Donald Trump's team intends to consolidate or abolish some long-standing banking watchdogs, the WSJ reports. The inauguration of President-elect Donald Trump suggests promising predictions regarding cryptocurrency regulation in the United States. Currently, the newly formed Department of Government Efficiency (DOGE), backed by President Trump's right-hand man and meme king Elon Musk, […]