The End of Secrecy: Swiss Bank Settles With U.S. Government
The era of secret Swiss bank accounts may be coming to an end, as Geneva-based financial institution Banque Pictet et Cie reaches a settlement with the U.S. Department of Justice.…
Stock Market Volatility Normalizing
The stock market volatility has steadily declined over the past three years, returning to more normal levels. The Cboe Volatility Index (VIX), often referred to as the market's "fear gauge,"…
Activist Investor Urges Strategic Review for Frontier Communications
Leading activist investor Jana Partners has called upon Frontier Communications Parent Inc. to initiate a thorough strategic review and consider a potential sale in an effort to reverse the company's…
Odyssey Marine Exploration Secures Financing Deal with Institutional Investors
Odyssey Marine Exploration recently announced that it has entered into a note and warrant purchase agreement with several of its largest institutional investors. Spearheaded by Two Seas Capital, the deal…
Supreme Court to Hear Case Challenging Trump Tax Law
The Supreme Court is preparing to hear arguments in a case that challenges a key provision of the Trump administration’s 2017 tax law. This case could potentially have significant implications…
U.S. Stock Futures Fall as Traders Await Key Labor Data
U.S. stock futures declined in early Tuesday trading as investors eagerly awaited crucial labor data that will likely shape the tone of next week's Federal Reserve meeting. The market's performance…
Restructuring Plans Signal Troubling Times for TuSimple
Self-driving truck technology start-up TuSimple is facing yet another round of restructuring as it shifts its focus from the U.S. to Asia. The company recently filed documents with the Securities…
Redde Northgate Reports Lower Profit, Despite Revenue Growth
By Najat Kantouar Redde Northgate, a leading commercial vehicle rental provider in the UK, announced a decrease in pretax profit for the first half of fiscal 2024. This decline was…
Yellow Cake’s Uranium Holdings Value Soars in Fiscal 2024
Yellow Cake, the London-listed uranium investment company, has reported a significant increase in the value of its uranium holdings in the first six months of fiscal 2024. The company attributes…
Boris Johnson Defends COVID-19 Handling
London (AP) - Former British Prime Minister Boris Johnson defended his handling of COVID-19 on Wednesday at a public inquiry into the pandemic. Johnson acknowledged that the government "got some…
BZAM Acquires Canadian Operations of Final Bell Holdings International
By Adriano Marchese BZAM, a cannabis supply chain solutions company, is set to acquire the Canadian operations of Final Bell Holdings International (FBHI). In a joint statement, the two companies…
Regulating Crypto: A Long Road Ahead
JPMorgan Chase CEO Jamie Dimon did not hold back his negative views on cryptocurrency during a recent Senate hearing. Dimon expressed his opposition to crypto, including Bitcoin, and even suggested…