Former FTX legal counsel accused the firm’s U.S. general counsel of channeling business to S&C. S&C allegedly served as personal counsel to Sam Bankman-Fried and another key FTX executive. For...
Tag: U.S.
Nexo Capital Fined by U.S. SEC for Unregistered Lending Offering
Nexo Capital Inc. was fined by the U.S. Securities and Exchange Commission (SEC) unregistered offer and sale of its lending product. The securities regulator said in a statement that Nexo agreed to pa...
How To Recession-Proof Your Investments
Getty Images Key takeaways It is possible to make money in a down market. You just have to be more strategic with your plans. Avoid speculative stocks. Instead, invest in high-quality companies. Consi...
Google Cuts 12,000 Jobs As 2023 Layoffs Continue
Topline Google’s parent company Alphabet announced plans Friday to cut 12,000 employees, just days after software giant Microsoft announced plans to cut 10,000 employees and Amazon began laying off 18...
Nexo confirms to pay a total of $45M in settlement to U.S. regulators
On 19th Jan, the security regulators of the U.S. North American Securities Administrators Association and Securities and Exchange Commission (SEC), announced that Nexo capital had to pay almost $45 mi...
What a U.S. Government Debt Default Would Mean for You
If Congress and the White House can’t agree to raise the $31.4 trillion government-debt ceiling, the government will likely default on some of its obligations. And the outlook for an accord between th...
The U.S. officially hit the debt ceiling. Here are 3 money moves you should be making now to protect your wallet
On Thursday, the U.S. government officially hit the $31.4 trillion debt ceiling. Translation: The government is cut off and no longer able to pay its bills without taking extraordinary measures. “The ...
More Homes In The U.S. Are Purchasing Food From Dollar Stores Over Past 15 Years, Study Finds
Topline Dollar stores are the fastest-growing food retailers for homes in the U.S., according to a study published in the American Journal of Public Health Thursday, as more households shift away from...
Capital One Cutting 1,100 Employees As 2023 Layoffs Continue
Topline Banking giant Capital One has laid off roughly 1,100 employees, Bloomberg reported on Thursday, just days after software giant Microsoft announced plans to cut 10,000 employees and Amazon bega...
U.S. sanctions: Customers suing Compass Mining
Compass Mining severed its ties with the Russian hosting provider Bit River and did not return Bitcoin mining gear to its customers. The company cited an inapplicable fine issued by the United States ...
U.S. stocks flash rare bull-market signal for first time in nearly 3 years, but some have their doubts
A technical signal that has portended previous turning points for the U.S. stock market has arrived for the first time in nearly three years, according to data supplied by its creator. But some on Wal...
U.S. debt ceiling fight is a potential ‘financial catastrophe’
Expect financial market and economic chaos to ensue if U.S. lawmakers don’t find a resolution on the debt ceiling this time around. “If there was even a temporary default on the U.S. debt,...
The U.S. Hit Its Debt Limit — What Now?
U.S. dollars (Photo by LUIS ROBAYO/AFP via Getty Images) AFP via Getty Images The United States on Thursday hit its debt ceiling, the cap on how much money the government can borrow to pay its financi...
Former FTX U.S. CEO Sam Bankman-Fried rejects liquidators’ claim of recovered assets
Sam Bankman-Fried, the founder and former chief executive of FTX U.S., has rejected claims by the company’s current leadership made in a presentation on Tuesday that the team has only recovered US$181...
Dimon says Congress shouldn’t play games with U.S. creditworthiness
Jamie Dimon, President, CEO & Chairman of JP Morgan Chase, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 19th, 2023. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Thurs...
Ripple executive says firm is ‘building outside the U.S. rapidly’ despite SEC case
Brooks Entwistle, Senior Vice President of Global Customer Success, and Managing Director for Asia-Pacific (APAC) and Middle East and North Africa (MENA) at Ripple, has stated that the blockchain comp...
There’s One Main Reason Ukraine Might Prefer German Tanks Over U.S. Tanks—The American Vehicles Guzzle Gas
A U.S. Army M-1 tank. U.S. Army photo Pressure is mounting on the German government to sign off on various European countries’ proposals to donate German-made Leopard 2 tanks to Ukraine. But German of...
Davos elites see a major risk ahead for markets with looming U.S. debt standoff
DAVOS, Switzerland – The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, th...
U.S. Consumer Product Safety Commission Considers A Ban On New Gas Stoves
Getty Images U.S. Consumer Product Safety Commission Considers a Ban on New Gas Stoves – How to Get Cash to Switch to Electric Meta: Concerns about health hazards associated with gas stoves caus...
How The Defense Industry Became A Defining Feature Of The U.S. Economy
A hundred years ago, the United States did not have a defense industry. At least, not in the sense that term is used today. Companies like Dupont and Bethlehem Steel that had benefited handsomely from...
Ripple general counsel warns SEC case will significantly impact crypto future in U.S.
The cryptocurrency industry is awaiting the final ruling in the case between the Securities and Exchange Commission (SEC) and blockchain firm Ripple. Notably, the involved parties have made final subm...
After Two Incredible Years, U.S. Trade Will Slow, Possibly Until 2025
Silhouettes of onshore oil and gas well in the field outdoors against blue cloudy sky getty U.S. trade growth will be slow to nonexistent for many U.S. airports, seaports and border crossings for the ...
Telemundo Becomes Spanish-Language Home Of U.S. National Soccer Teams In Multi-Year Deal
Telemundo’s multimedia rights agreement with the U.S. Soccer Federation makes it the new exclusive … [+] Spanish-language home of the Women’s and Men’s National Teams across all of its bro...
The U.S. economy is again being held hostage to our ridiculous federal debt ceiling
Rep. Kevin McCarthy (R-Bakersfield) gave away much of his leverage to right-wing Republican House members to become speaker. Can he keep them from crashing the economy? (Associated Press) The individu...
Like It Or Not, New Nuclear Reactors Are Coming To The U.S. Waterfront
The last nuclear-powered guided missile cruiser USS South Carolina (CGN-37) left U.S service in 1999 Corbis via Getty Images Over the next decade, a combination of strategic, economic, and environment...
Insights on the Blockchain in Media, Advertising and Entertainment Global Market to 2027 – U.S. Market is Estimated at $145 Million – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Blockchain in Media, Advertising, and Entertainment: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The global market for Blo...
U.S. Government To Hit Debt Ceiling On Thursday
(Photo by Ina Fassbender / AFP) (Photo by INA FASSBENDER/AFP via Getty Images) AFP via Getty Images Key Takeaways The US government is expected to hit the debt ceiling next Thursday, meaning that Cong...
Mastercard Picks Polygon (MATIC) for NFT-Based Artist Accelerator Program, U.S government launches probe of Saber Labs over Solana (SOL), Snowfall Protocol (SNW) rises over 300% in one month
The cryptocurrency market can be unpredictably volatile, with popular tokens rapidly losing value and new tokens outperforming expectations. Polygon (MATIC) and Solana (SOL), two of the most well-know...
Here’s why Citigroup’s stock stands out among the biggest U.S. banks
The “big six” U.S. banks have all reported their fourth-quarter results, wrapping up a difficult 2022, when soaring interest rates forced a decline in several areas of business. Citigroup Inc. C, -1.7...