Fed's preferred inflation gauge slows annually in October
The Federal Reserve's preferred inflation gauge rose at a slower rate on an annual basis in October compared to the prior month, in the latest sign that the...
The Federal Reserve's preferred inflation gauge rose at a slower rate on an annual basis in October compared to the prior month, in the latest sign that the...
Charlie Munger, a name synonymous with wisdom, intellect, and wealth, was a prominent figure in the world of finance and investing. Born on January 1, 1924, in Omaha, Nebraska, Munger's ...
-- Chinese manufacturing activity declined further in November, as the sector saw increased headwinds from slowing overseas demand, while growth in the...
-- Australian consumer inflation fell more than expected in October amid softening retail spending and a cooling labor market, but still remained well above the...
In an unexpected move, the Securities and Exchange Commission (SEC) accelerated the decision-making process involving Franklin, a decision that was initially slated for January 1st. This unusual occurrence was pointed out by Scott Johnson, who also highlighted that Franklin stands out as the lone issuer who hasn't submitted an updated S-1 form yet. This anomaly raised speculation among industry enthusiasts, including Johnson, who couldn't help but wonder whether Franklin's delay in submitting an updated S-1 form might have influenced the SEC's premature decision. As the crypto-industry eagerly awaits further developments, it will be interesting to see how this accelerated decision-making process unfolds, and what impact it may have on Franklin's future.
EU inflation figures are due on Thursday.
-- Australian retail spending unexpectedly shrank in October, as sticky inflation and pressure from high interest rates weighed, while consumers also held off big...
Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=P0vyJLr6fh8 VIDEO TRANSCRIPT Hello everyone, welcome back. My name is Greg Firman, and this is the VantagePoint AI Market Outlook for ...
-- Japanese core consumer inflation grew slightly below expectations in October as food prices eased, although the reading still remained well above the Bank of...
According to Cointelegraph: The legal dispute between crypto lender Genesis Global Capital and Gemini Trust, the cryptocurrency exchange, continues to escalate as Genesis files a lawsuit to recover more than $689 million in what it calls "preferential transfers." The lawsuit alleges that Gemini took advantaged of its position to the detriment of other creditors by making transfers of approximately $689,302,000 from Genesis. Genesis is now asking the court to rectify this perceived injustice. This lawsuit is the latest episode in a public and legal feud between Genesis and Gemini that started with the collapse of the FTX cryptocurrency exchange. Genesis filed for bankruptcy in January amid allegations of selling unregistered securities, as asserted by the U.S. Securities and Exchange Commission. More trouble followed when, last month, the New York Attorney General Letitia James filed a lawsuit against Genesis, Gemini, and Genesis's parent company, the Digital Currency Group (DCG), alleging a massive fraud scheme. Unprecedented withdrawals from Gemini preceding the bankruptcy filing, coupled with the turbulent market conditions surrounding the collapse of Terraform Labs and Three Arrows Capital, contributed to a severe run on the bank at Genesis. This is what Genesis's claim is based on. While Genesis and DCG have faced legal action from both Genesis and the Winklevoss twins, co-founders of Gemini, Gemini has thus far not responded to the latest allegations. This lawsuit further complicates an already tangled legal web spun by the struggles of these major crypto entities.