barclays

Former Barclays trader testifies against former Goldman Sachs exec regarding insider info given while playing drunk squash

Per Business Insider A former Golden Sachs trader is being alleged to have given insider information while playing drunk squash. A former Barclays trader testified on the issue. The allegations were against Brijesh Goel, a former Goldman trader, claiming that he gave sensitive information while playing squash. This was a

bank of america

Bank of America strategist says she's most bullish in the last decade

Per CNBC Equity strategist of Bank of America, Savita Subramanian, has given recent statements regarding the market, saying she was the "most bullish" for the first time in the last decade. Subramanian: "I think the market is more rational than it's been in a decade.

Bitcoin

Record high 15 million Bitcoins are being held by illiquid entities

Per Business Insider Illiquid entities, those with little-to-no spending history, are now holding a record-high amount of Bitcoins, giving signs of accumulation happening. The total number of Bitcoins held increased by 215,000 to 15,207,843 Bitcoins in total. Data from Glassnode, cited by CoinDesk revealed the increase in

amazon

FTC says Amazon customers were tricked into buying more expensive Prime subscriptions for video streaming

Per Business Insider The FTC files a lawsuit against Amazon for reportedly making it harder for customers to get Prime Video, tricking them into buying the more expensive Prime membership. This resulted in customers paying $14.99 monthly for Prime membership instead of the intended $8.99 monthly to watch

titanic

Titanic submarine ran out of oxygen at 7:08 AM EST

Per Reuters Titan, a submarine that took five people to see the wreck of the Titanic, has been lost, and despite massive search efforts, no submarine was seen. The Titan was expected to run out of oxygen at 7:08 AM EST, which as of press time, has already passed.

Mark Zuckerberg of $META says he is ready to fight Elon Musk of $TSLA in a cage match

According to social media posts by Elon Musk and Mark Zuckerberg, it appears that the two billionaires might engage in a physical confrontation in the near future. Although it may sound like a joke, both individuals seem to be serious about it. The sequence of events began on Tuesday when

5 of 13 charges against Sam Bankman-Fried in relation to the financial fraud of FTX have been withdrawn by the Assistant US Attorneys for the DOJ

Late on Wednesday, federal prosecutors involved in the investigation of the collapsed FTX cryptocurrency exchange announced their decision to withdraw several charges against Sam Bankman-Fried, the company's founder. In a court filing, the prosecutors stated that they would proceed to trial in October but would no longer pursue

Student loan payments will restart in October, Education Department has said

After repeatedly extending the pause on student loan payments for three years, the U.S. Department of Education has confirmed that payments will indeed resume in October, and changing this plan will be challenging due to a recent law passed by Congress. As the pandemic-era policy comes to an end,

Fed's Powell has said: crypto appears to have staying power as an asset class.

Following Federal Reserve Chair Jerome Powell's positive remarks about the longevity of cryptocurrencies as an asset class and the increasing interest of Wall Street institutions in adopting the technology, the cryptocurrency market is experiencing a significant rally. Bitcoin has surged by 8% and surpassed the $30,000 threshold

The bill to claw back bank executives compensation if their bank collapsed, for example in the case of Silicon Valley Bank where numerous executives made millions, has advanced out of a Senate committee

There seems to be momentum behind a bill in the Senate that aims to recover executive pay in the event of bank failures, particularly following the collapse of Silicon Valley Bank and its impact on the tech industry and financial institutions. The bipartisan proposal, known as the Recovering Executive Compensation

Supreme Court Justice Samuel Alito took a trip on a private plane from a hedge-fund magnate that would’ve cost $100,000 had he done so himself, with the fund having matters infront of the court

Justice Samuel A. Alito Jr. has taken the unusual step of addressing questions regarding his travel with a billionaire who frequently appears before the Supreme Court. He responded before an article detailing their connections was even published. In an extraordinary move, Justice Alito defended himself preemptively in an op-ed in

feds

Fed's Jerome Powell says 'stablecoins are a type of private money'

Per American Banker It's long been debated as to whether stablecoins should be considered money under the government, and now, the Federal Reserve's Jerome Powell finally clarified what they thought about stablecoins. Fed Chair Powell said that they were a type of private money. Powell: "

us household

US household net worth rose by 2% to $148.8 trillion in Q1 of 2023

Per  Market Watch A new report by the Federal Reserve shows how US households actually experienced an increase in net worth, which grew by 2%. This was during the first three months of 2023 when the total net worth increased by $3 trillion. It was noted that the total US

charles schwab

Charles Schwab survey finds that Americans think having $2.2 million is considered wealthy

Per Fox 5 New York A new Charles Schwab survey found out the dollar amount of what Americans think is considered wealthy. The estimation showed how the number differed for how one perceives himself and others. The survey found a difference in the amount Americans felt wealthy and what they

russia

Russian oil imports in China reach an all-time high as Europe almost entirely cuts back

China has become one of Russia's top customers regarding oil imports as the country's importation numbers have reached an all-time high. This comes as Europe has scaled back on Russian oil imports, almost entirely getting rid of them. According to customs data cited by Reuters, it

AI

Survey finds 42% of CEOs say in 5 to 10 years, AI could likely destroy humanity

Per CNN A new survey exclusively shared with CNN asked participants at the Yale CEO Summit reported that many CEOs believe that the worst could come because of AI. Their findings from surveying top business leaders found that many were worried about the destruction of humanity. Specifically, the study found

tesla

Tesla eyes India expansion with potential 'significant investment'

Per Reuters With more tech companies already expanding in India, Tesla could be the latest company to join the list after Elon Musk spoke with India's Prime Minister Narendra Modi regarding the car market. The billionaire talked about making a potential "significant investment." Musk reportedly commented

youtube

YouTube Korea to launch local shopping channel for live commerce

Per The Korea Times YouTube is now trying to capitalize on eCommerce and live selling in South Korea by providing an official shopping channel for this specific activity. With the help of the channel, users can automatically check out the different livestreams of about 30 brands. The information came from

The Pentagon has said that an accounting error has provided an extra $6.2 billion dollars for Ukraine

On Tuesday, the Pentagon announced that it had overestimated the value of the weapons it had supplied to Ukraine over the past two years by $6.2 billion. This figure is about twice the initial estimates. The error occurred because the military services used replacement costs instead of the book

megan markle

Megan Markle podcast was scrapped from Spotify, and now Bill Simmons calls them 'grifters'

Per Market Watch Previously, Spotify entered a $20 million deal with Megan Markle for her podcast to be placed on the platform. Now, the streaming platform decided not to renew their partnership with Bill Simmons, calling them "grifters." Bill Simmons, the Podcast and Spotify Technology SA executive, called

hunter biden

Hunter Biden pleads guilty to two tax misdemeanors while gun possession charge to be 'diverted'

Per CNN Hunter Biden, the son of Joe Biden, pleads guilty two two tax misdemeanors while his gun possession charges are expected to be diverted. The judge will get the final say on what the US President's son's sentence would be. As for his gun possession

biden

Biden says Putin's nuclear threat is 'real'

Per NBC News US President Joe Biden has finally commented on the issue of the nuclear threat of Russia. Biden says that the threat is "real." Biden: “When I was out here about two years ago saying I worried about the Colorado river drying up, everybody looked at

openai

OpenAI considers AI software marketplace

Per The Information Just like how people would download apps from the App Store, the same thing could happen with AI as AI software could be listed, sold, and downloaded through a specific store as well. This is something OpenAI is considering as a marketplace could potentially help could sell

rivian

Rivian to adopt Tesla charging, joining Ford and GM

Per CNN Rivian is the latest EV company that has finally decided to adopt Tesla's charging standard. This will be implemented for the R1T pickup and the R1S SUV. The EV company will be joining other major companies like Ford and General Motors that have already adopted the

binance

Binance US marketshare dropped from 16% in April to 4.35%

Per Crypto News While the SEC has been going after Binance and Coinbase, it was recently reported that the marketshare for Binance US has dropped significantly. The decline was reportedly from 16% in April to now just 4.35%. Binance US is the company's US-based crypto exchange capable