With Coinbase (COIN) and Binance accused of running illegal exchanges by the U.S. Securities and Exchange Commission (SEC), the latest industry testimony in the U.S. House of Representatives this week revealed that companies had desperately sought the agency’s help to properly register but were turned away. SEC Chair Gary Gensler has a go-to crypto invitation … Read more
By Tom Wilson LONDON (Reuters) – Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion of client assets through a Seychelles-based firm set up to take customer deposits, a U.S. Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a U.S. court to freeze … Read more
Stanley Druckenmiller fears a recession is on the way after more than a year of aggressive interest rate hikes from the Federal Reserve have failed to quash inflation. The famed hedge funder, who now operates the Duquesne Family Office, said Wednesday that despite the economy’s recent resilience—headlined by a low unemployment rate and positive first-quarter … Read more
Oil prices have come down quite a bit from their 2022 peak. While that has prompted some traders to bet against the commodity, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has issued a stern warning for the short sellers. “I keep advising them that they will be ouching — they did ouch in April,” … Read more
The refreshed 2024 Jeep Wrangler debuted earlier this year at the New York Auto Show, but we only recently received pricing for the iconic off-roader. Most trim levels saw just minor base-price increases, which is certainly normal for an updated model year. The range-topping Rubicon 392, however, jumped by $5,100. That’s enough to make the … Read more
If you’re saving for retirement, a broad market index portfolio is typically a good option. Investing in a target date fund or S&P 500 index fund, for instance, are low-cost ways to gain broad market exposure. However, newly published research indicates there may be a significantly more lucrative way to handle your nest egg. A … Read more
The Detroit Auto Show is back scheduled from September 13 through September 24 at Huntington Place in Detroit. Like last year, the 2023 show features indoor and outdoor events, including hands-on experiences with electric and autonomous vehicles in a course laid out at the Detroit Riverfront portions of the Chevrolet Detroit Grand Prix circuit. Show … Read more
Rivian seeks to shed 350,000 square feet of industrial space in Hayward Follow Us on Google News