The SEC has adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days to one

The SEC has adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days to one. “I support this rulemaking because it will reduce latency, lower risk, and promote efficiency as well as greater liquidity in the markets,” said SEC Chair

Steve Cohen's Point72 has bought 606,000 shares of GameStop, $GME, a stake worth $11 million as of December 31

Steve Cohen's Point72 has bought 606,000 shares of GameStop, $GME, a stake worth $11 million as of December 31. In Jan 2021, Steven Cohen's Point72 suffered at least 15% due to shorting $GME, per Reuters. The losses at Point72 were mainly due to the company’

The US FTX judge has ordered the names of the two backers of Sam Bankman-Fried’s $250 million bail to be made public

The US FTX judge has ordered the names of the two backers of Sam Bankman-Fried’s $250 million bail to be made public. One is Andreas Paepcke. Paepcke is a Senior Research Scientist at Stanford. The other is Larry Kramer. Kramer is the former dean of Stanford Law School.

Elon Musk

Elon Musk said he plans to hire a new CEO by the end of 2023 as long as a condition is met

Per CNBC Elon Musk once held a poll asking his audience on Twitter whether he should step down as CEO, and once again, the billionaire has said that he plans to step down, but this time he said that he would before the year ends. However, the CEO gave a

white house

White House asks for Elon Musk's help for EV charging station expansion despite Biden previously not mentioning Tesla

Per Washington Post Elon Musk had a private meeting with senior White House officials regarding the expansion of EV charging stations. This meeting came after Musk said that Tesla was ignored and more attention was given to other "legacy auto makers." In a previous report by CNBC on

ARK Invest

Ark Invest's Cathie Wood says the best way to 'cash in' on AI is through Tesla

Cathie Wood announced that the best way to "cash in" on AI is through Tesla. While Elon Musk's EV company has been dropping, Woods has decided to purchase more stock, capitalizing on the lower price. The Ark Invest CEO expects that Tesla's share price

spacex

SpaceX is taking a step back from supporting Ukraine's military efforts

Per Defense One SpaceX has decided to take a step back in supporting Ukraine's military operations. Previously, Musk announced that he would make Starlink satellites available to the country as part of efforts to support Ukrainian citizens. SpaceX then said that the Starlink satellites technology wasn't

sec

SEC filing reveals that Elon donated almost $2 billion in Tesla shares to charity in 2022

Per Reuters An SEC filing revealed that Tesla, SpaceX, and Twitter CEO Elon Musk donated almost $2 billion in TSLA shares to charity in 2022. From August to December, the billionaire donated around 11.6 million shares. However, the filing did not reveal which specific organization or organizations were the

Ford, F, has temporarily halted production and stopped shipments of its F-150 Lightning electric pickup truck

Ford, $F, has temporarily halted production and stopped shipments of its F-150 Lightning electric pickup truck. "We are not aware of any incidences of this issue in the field," Ford spokesperson Emma Bergg said in an email. She said the production stop was issued at the start

Canadians now are expected to need $1.7 million Canadian dollars to retire

Canadians now are expected to need $1.7 million Canadian dollars to retire, per BMO. Furthermore. the retirement savings of Gen Z has come into question as a new report shows that the median for all of their retirement savings accounts sits at just $33,000. However, not all Gen

EU approves ban of fossil fuel cars by 2035

EU approves ban of fossil fuel cars by 2035. The European Parliament and the EU countries have agreed to mandate that carmakers achieve a 100% cut in CO2 emissions by 2035. This would make it impossible for them to sell new fossil fuel-powered vehicles within the 27-country block.

us labor

US labor board says Starbucks threatened pro-union employees 'illegally'

Per Bloomberg The US labor board has officially ruled that Starbucks threatened pro-union employees "illegally." Starbucks received a "cease and desist" order from the National Labor Relations Board to stop staff from voicing out their concerns. Per the ruling, Starbucks "illegally threatened, interrogated, and

biden

Biden doesn't have plans to address the four suspicious objects shot down over US airspace

Per NYP Biden announced that he doesn't have plans to address four suspicious objects he had shot down over US airspace. So far, the US President gave a brief statement regarding the incident. Biden: “As we made clear last week, if China threatens our sovereignty, we will act

microsoft

LinkedIn begins layoffs months after it said it wouldn't be letting go of staff

Per CNBC TV18 LinkedIn once said it wasn't planning to let go of staff but rather freezing its hiring. Still, the company has recently laid off employees within its recruitment recruiting department, as the layoffs reportedly started on Feb 13. The Information reported that LinkedIn started letting go

biden

Biden Admin to sell 26 million barrels from the Strategic Petroleum Reserve per Congress mandate

Per Reuters Congress mandated the Biden Administration to sell 26 million barrels of crude oil from its Strategic Petroleum Reserve. In June 2011, US President Barack Obama sold 30 million barrels of crude oil, per Energy.gov, but this was not the only time that a large sum of barrels

The US has said that its citizens should depart Russia immediately

The US has said that its citizens should depart Russia immediately, per Reuters. "U.S. citizens residing or travelling in Russia should depart immediately," the U.S. embassy in Moscow said. "Exercise increased caution due to the risk of wrongful detentions." "Do not travel to

A record number of people are withdrawing from their 401(k) accounts to make ends meet

A record number of people are withdrawing from their 401(k) accounts to make ends meet, per Vanguard Group. Vanguard tracks data on around five million people and said .5% of users or 25,000 took a 'hardship distribution' inn October; the highest share since the company started

Norfolk Southern Train Derailment

Residents of East Palestine, Ohio, have been allowed to return to their homes after a train derailment on Feb 3rd. 50 train cars derailed, 10 of which carried hazardous materials, causing a controlled release of toxic fumes on Feb 6th to prevent an explosion. The cause of the derailment was

russia

Russia's oil export fell by $4 billion in 2022 compared to 2023

Per The New York Times Russia's oil export reportedly dropped by $4 billion in 2022, down to $12.6 billion. The country has decided to redirect its oil exports to the Asian market as it faces penalties from the West. Oil revenues in Russia reportedly fell 40% due

jeremy grantham

Investor Jeremy Grantham expects a 50% crash for the stock market, saying this could be the final phase of the bubble

Per Market Insider Jeremy Grantham, the co-founder of Batterymarch Financial Management in 1969 and an astounded economist with Royal Dutch Shell, has recently given a statement saying the bubble could enter its "final phase" this year as he expects the stock market to crash by 50%. While

microsoft

Microsoft CEO says they hope the new Bing will make Google 'dance' as the company brings OpenAI abilities

While there have been a lot of talks about OpenAI's ChatGPT abilities being added to a new Bing, Microsoft's CEO has made direct comments about how the company hopes it would make Google "dance." This comes as the competition heats up between Microsoft and

north korea

North Korea-linked hackers stole $3.8 billion in crypto in 2022, with $775.7 million stolen in October alone

Per Reuters A new report highlights how much was stolen in crypto by hackers linked to North Korea in 2022. The highest number of incidents happened in $775.7 million stolen in October alone in 32 different attacks, but in total, $3.8 billion was stolen in 2022. A US-

norway

Norway's $1.2 trillion sovereign wealth fund sold $200 million worth of Adani shares

Per Deccan Herald Norway's sovereign wealth fund once owned a significant chunk of Adani businesses, but recently, it decided to sell shares worth $200 million at the end of 2022. The fund is worth a whopping $1.2 trillion. The fund previously owned Adani Green Energy, Adani Total

The U.S. military has now shot down 4 objects over North America in the past 8 days

The U.S. military has now shot down 4 objects over North America in the past 8 days. Biden admin officials have reportedly issued private assurances that there is no evidence that unidentified objects detected over North American are extraterrestrials, per the New York Times. The US air force has

Biden admin officials have reportedly issued private assurances that there is no evidence that unidentified objects detected over North American are extraterrestrials

Biden admin officials have reportedly issued private assurances that there is no evidence that unidentified objects detected over North American are extraterrestrials, per the New York Times. The US air force has shot down an unidentified object over Lake Huron. Michigan Congresswoman Elissa Slotkin tweeted Sunday that she received a