• Nov 15, 2024

Manhattan US Attorney to scale back crypto cases, prosecutor says

The U.S. Attorney's Office in Manhattan will devote fewer resources to policing cryptocurrency crimes after securing several major convictions, including that of FTX founder Sam Bankman-Fried, a senior prosecutor said on Friday. Scott Hartman, co-chief of the securities and commodities task force at the Southern District of New York, gave his assessment one day after President-elect Donald Trump's former U.S. Securities and Exchange Commission chair Jay Clayton to become the U.S. attorney there. Hartman said the office would not ignore crypto cases, but has fewer prosecutors working on them than when digital asset prices collapsed in 2022, a period known as "crypto winter."

• Nov 15, 2024

Burberry refocuses on core strengths amid market challenges

Burberry’s return to its roots could prove effective if implemented swiftly, according to GlobalData’s Louise Deglise-Favre.

• Nov 15, 2024

October retail sales top estimates, September spending revised sharply higher

October's retail sales report will be closely watched by investors for signs that the US economy remains on solid footing as the Federal Reserve begins to cut interest rates.

• Nov 15, 2024

EU Banking Authority Issues Guidelines to Tighten Crypto Oversight

The European Banking Authority (EBA) has released new guidelines aimed at ensuring compliance

• Nov 15, 2024

Alibaba Stock Drops Despite Higher-than-Estimated Profit; Sales Disappoint

Alibaba Group shares traded in the U.S. were lower in Friday morning trading after the Chinese ecommerce giant posted higher-than-expected quarterly earnings but revenue was lower than Wall Street anticipated.

• Nov 15, 2024

Lawsuit claiming Elon Musk rigged dogecoin ends

A lawsuit accusing Elon Musk of rigging dogecoin is ending. Investors in the cryptocurrency who said the world's richest person and his electric car company Tesla committed fraud and insider trading are withdrawing their appeal from an Aug. 29 dismissal of their case. They are also withdrawing a bid to sanction Musk's lawyers for allegedly interfering with the appeal, including by demanding payment of their hefty legal fees.

• Nov 15, 2024

EM stocks see largest foreign monthly outflow since 2020, bonds hang on

Foreign investors sold out of emerging market stocks in October by the most since the COVID-19 market sell-off in early 2020, but inflows to EM bonds and debt more than offset the outflow, data from a banking trade group showed on Friday. The October monthly net total inflow of $1.9 billion compares with a $56.4 billion inflow in September and an $8.1 billion outflow in October 2023, data from the Institute of International Finance showed. Stock portfolios saw a $25.5 billion outflow, the largest since March 2020, while bonds attracted $27.4 billion.

• Nov 15, 2024

Xapo Bank provides Bitcoin Beneficiary Solution

Xapo Bank is offering a Bitcoin Beneficiary Solution for Safe Legacy Administration.

• Nov 15, 2024

Analysts revamp Cisco stock price targets after earnings

Here’s what could be next for the AI networking stock.

• Nov 15, 2024

VanEck CEO Boldly Predicts Bitcoin At $300K Per Coin, Reaching Half Of Gold's Market Cap In The Face Of Growing Demand

VanEck CEO Jan van Eck has made waves with a bold forecast: Bitcoin could skyrocket to $300,000 within five to 10 years. This optimistic projection rests on Bitcoin's ability to capture a substantial share of the gold market – a market long valued as a hedge against inflation. Don't Miss: Over the last five years, the price of gold has increased by approximately 83% – Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their saving