Following a series of high-profile collapses in the crypto industry in 2022, most notably the bankruptcy of FTX, regulatory authorities in the United States have embarked on an intensified crackdown. They are placing crypto exchanges and other digital asset service providers under a microscope. One regulatory body that has been particularly lively in this campaign is the US Securities and […]

The futures were trading higher to open the new trading week, after a solid close to a record-setting week that saw all the major indexes close the day higher. The S&P 500 climbed out of the longest bear market in over 70 years. The venerable index had been in bear-market territory for 248 trading days, the longest bear market since […]

Just 13 months after taking over the dual role of board chair and CEO of CNN, Chris Licht has “stepped down, effective immediately.” Warner Bros. Discovery Inc. (NASDAQ: WBD) President and CEO David Zaslav reportedly told network staffers that he met with Licht Wednesday morning and that Licht was leaving the building. Licht most recently caught a lot of fire […]

New Mexico rebate checks of up to $1,000 will soon start hitting the bank accounts of eligible taxpayers in about two weeks’ time. Last month, Governor Michelle Lujan Grisham informed that the latest round of rebates would go out in mid-June. Who Will Receive The Rebate Money? New Mexico will use the fiscal year surplus from high oil prices to […]

Russia-based Rosbank launched a new service on Friday that enables cross-border settlements using cryptocurrencies. Rosbank, the first Russian bank to launch such a service, is one of the country’s banks in the West’s sanctions package to limit Moscow’s war efforts in Ukraine. Rosbank Taps Russian Fintech Firm to Enable Cross-Border Crypto Payments Rosbank, one of the biggest Russia-based banks, launched […]

Premarket action on Friday had the three major U.S. indexes moving nicely higher. The Dow Jones industrials were up 0.53%, the S&P 500 up 0.51% and the Nasdaq 0.48% higher. The Senate on Thursday passed the bill already passed by the House of Representatives, taking the lid off the federal debt ceiling until early 2025. After some clean-up, the bill […]

Fintel reports that on June 1, 2023, Goldman Sachs maintained coverage of American Airlines Group (NASDAQ:AAL) with a Neutral recommendation. Analyst Price Forecast Suggests 16.26% Upside As of May 11, 2023, the average one-year price target for American Airlines Group is 17.18. The forecasts range from a low of 9.60 to a high of $27.30. The average price target represents […]

Fintel reports that on May 31, 2023, Goldman Sachs initiated coverage of SeaWorld Entertainment (NYSE:SEAS) with a Buy recommendation. Analyst Price Forecast Suggests 38.23% Upside As of May 11, 2023, the average one-year price target for SeaWorld Entertainment is 77.41. The forecasts range from a low of 58.58 to a high of $94.50. The average price target represents an increase […]

Save articles for later Add articles to your saved list and come back to them any time. Bank of Queensland has breached prudential standards and fallen short in its compliance with anti-money laundering laws, prompting regulators to force it to hold an extra $50 million in capital and sign court-enforceable undertakings. The regional lender on Wednesday morning said it had […]