News: Page 8
Interest rates remain unchanged due to a 'lack of progress' on 2% inflation according to Fed
The Federal Reserve, as the authoritative body, has announced that interest rates will remain unchanged due to a "lack of progress" in bringing inflation down. The government body published a...
Binance founder jailed for four months
A Seattle federal judge has held the founder of Binance accountable for his part in an elaborate money laundering scheme. Changpeng Zhao pleaded guilty to the charges held against him...
Tesla and Musk announce more Spring layoffs
Elon Musk's month has gone from bad to worse as Tesla has informed staff that layoffs are imminent. In an all-staff email, first reported by The Information, the electric automotive...
Consumer Confidence in the United States Falls, Reveals Recent Survey
A leading analytics and survey provider has recorded a slump in United States consumer confidence. The Conference Board, a reputable source, has released information showing a decline in its consumer...
World Bank issues a warning oil could hit $100 a barrel mark
The World Bank has stated that oil prices could surge to $100 a barrel due to rising tensions in the Middle East. The news comes as the Israeli government has...
Ireland records $750m in tax revenue amid Brexit windfall reports
The emerald isle has significantly benefited from Brexit, recording over €700m ($750) in tax revenues. With its long-standing reputation as a thriving hub for global tech and digital companies, including...
Regulation Crowdfunding and the State of Angel Investing to be discussed by SEC
The Securities and Exchange Commission (SEC) is set to discuss Regulation Crowdfunding (Reg CF) and the State of Angel Investing. The SEC's Small Business Capital Formation Advisory Committee will host...
xAI owned by Elon Musk close to raising $6 billion
Artificial intelligence (AI) startup xAI, owned by billionaire Elon Musk, is close to reaching $6 billion in investor support. Musk has been outspoken about his aims to win the war...
Southwest Airlines makes big operational changes after 2024 financial report.
Southwest Airlines, one of the leading consumer aviation brands in the United States, has been in the spotlight for a series of operational adjustments, all prompted by the findings of...
Registered funds industry report published by SEC
The Securities and Exchange Commission has published the new Registered Fund Statistics report. The report provides the American public with insight and transparency into the $26 trillion industry of more...
SEC To Host Second Annual Conference on Emerging Trends in Asset Management
The Securities and Exchange Commission (SEC) is setting out its stall to host the second annual Emerging Trends in Asset Management conference. The government regulator's Division of Investment Management will...
Johnson & Johnson acquisitions hit close to $15bn
April witnessed a flurry of high-profile acquisitions by Johnson & Johnson, the healthcare behemoth. These strategic moves, amounting to nearly $15 bn, spanned across the medical care and consumer healthcare...
Tesla cuts global prices after week of crisis
Electric automotive manufacturer Tesla has cut prices of its vehicles globally after a historic week of lows. The car company, owned by Elon Musk, has not only cut prices domestically...
Paramount stock prices soar as Sony joint buyout edges closer
Paramount, the globally recognized name in film and TV, watched stock prices rise as Apollo Global Management and Sony Entertainment buyout moved closer. The stock jumped as much as 15%...
Man Faces $70M Medicare Fraud Scheme Charges
A Mississippi man has been charged with multiple offenses relating to $70 million Medicare fraud by the Justice Department. An indictment was unsealed in Tampa last week for Joel Rufus...