A former Deutsche Bank investment banker, Rashawn Russell, was sentenced to 41 months in prison in a U.S. court after being found guilty of perpetrating a Ponzi-like fraud scheme involving cryptocurrency trading. Russell, 28, pleaded guilty to wire fraud and access device fraud, and was ordered to pay more than $1.5 million in restitution to
Wall Street
Morgan Stanley analysts recently increased their price target on Honda Motor Co Ltd (TYO:7267) to 2,250 yen from 2,200 yen, highlighting it as their top choice among Japanese automakers. The analysts emphasized that Honda’s profitability is looking more promising with an expanded lineup of hybrid electric vehicles (HEVs) and better supply chain management. Additionally, the
European stock markets experienced a decline on Thursday, influenced by the surge in global bond yields in anticipation of forthcoming inflation data. Major indices such as the DAX in Germany and the FTSE 100 in the U.K. reported negative movements, while the CAC 40 in France managed to record a modest increase. The deteriorating sentiment
European stock markets experienced a decline on Wednesday as the uncertainty surrounding rising bond yields continued to unsettle investors. This trend was evident across major indices, with the DAX in Germany, the CAC 40 in France, and the FTSE 100 in the U.K. all registering losses. The fear of tighter monetary policy for an extended
In a recent development, Chancellor Kathaleen McCormick voided Elon Musk’s record pay package for Tesla and received assurance from the electric vehicle maker that they will not use an upcoming shareholder vote to challenge her ruling. This assurance was provided after the shareholder legal team expressed concerns about the possibility of the case being undermined
Global equities took a slight dip on Tuesday with a mix of performance across U.S. indexes. The benchmark Treasury yield experienced an increase in the anticipation of inflation data set to be released later in the week. U.S. Treasury yields rose following a weak auction and this gain was further fueled by an unexpected improvement
The Asian markets have been experiencing a period of cautious growth as investors await key economic data that could impact global interest rates. Specifically, the upcoming U.S. inflation report is of particular interest, as it may influence the Federal Reserve’s decision on interest rate cuts. Amidst thin trading due to holidays in the United States
Richard Sherman, a legendary figure in the world of Disney music, passed away at the age of 95 in a Beverly Hills California hospital. Known for his iconic songs such as “It’s a Small World” and “Supercalifragilisticexpialidocious,” Sherman, along with his late brother Robert Sherman, formed the celebrated songwriting team known as “the Sherman Brothers.”
The U.S. stocks experienced an upward trend in the market as the Technology, Utilities, and Basic Materials sectors showed significant gains. The Dow Jones Industrial Average witnessed a minimal increase of 0.01%, while the S&P 500 index surged by 0.70%, and the NASDAQ Composite surged by 1.10%. Stock traders closely monitored the fluctuations and identified
Recently, a Hong Kong protest anthem called “Glory to Hong Kong” was removed from streaming platforms by a UK digital music distributor following a court injunction in the Chinese territory. The group of musicians behind the song, known as DGX Music, expressed their opposition to the removal, pointing out that the injunction did not have