US court orders Mirror Trading International to pay $1.7 billion in restitution for crypto fraud

Yahoo Finance Singapore
CPF minimum interest rate of 4% extended 1 more year till 31 December 2024
This rate is for the CPF Special, MediSave and Retirement Account. What's the Q4 interest rate for the Special and MediSave Account? Find out here.
2 days ago
Bloomberg
Singapore banks tighten scrutiny of Chinese with other passports
Singapore banks are increasing scrutiny of some Chinese-born clients with other citizenships, following last month’s crackdown on money laundering involving more than S$2.4 billion ($1.8 billion) worth of assets that has rattled the Asian financial hub.
2 days ago
The Smart Investor
5 Solid US Dividend Stocks That Will Delight an Income-Focused Investor
We highlight five dividend stocks on the US stock market that will bring a smile to an income-seeking investor. The post 5 Solid US Dividend Stocks That Will Delight an Income-Focused Investor appeared first on The Smart Investor.
a day ago
The Telegraph
Recession warning as employers cut staff at fastest pace since 2009
Britain’s businesses are braced for a recession as employment fell at its fastest rate since the financial crisis, a new survey shows.
13 hours ago
Yahoo Finance
Interest rates staying 'higher for longer' means at least through 2026 for the Fed
The Fed kept rates steady on Wednesday but suggested a less friendly outlook for investors betting on the central bank starting to back off its efforts to bring inflation down.
2 days ago
Yahoo Finance Video
Impact of prolonged higher interest rates on banks
With the Federal Reserve holding interest rates steady, leaving the door open for a rate hike down the line in 2023's final months, struggling banks will continue to feel the impact. Yahoo Finance Senior Reporter David Hollerith joins the show to break down how banks are reacting to these developments. Hollerith explains how with banks missing a "key source of funding" in deposits and loans due to rates, banks have had to tap into the brokered deposits market. He explains the risk associated with this strategy, stating "with one or two bad loans, they could quickly run into a situation where regulators would ask to stop using them," causing a serious funding issue. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
a day ago
Yahoo Finance
Stock losses deepen as Wall Street braces for 'higher for longer' interest rates: Stock market news today
US stocks continued their retreat on Thursday as investors worried over the Fed's hawkish stance.
a day ago
The Telegraph
Arm falls below flotation price amid market jitters over tech
Shares in British microchip design company Arm have sunk below its initial public offering (IPO) price as investor interest slumps following last week’s blockbuster float.
a day ago
Reuters
Nvidia, other US chip stocks stall over valuation, industry worries
Some of the shine is wearing off shares of Nvidia and other U.S. semiconductor companies after a stunning 2023 rally, as investors weigh steep valuations, rising Treasury yields and signs of industry unease. Chip stocks soared to start the year, with the Philadelphia SE Semiconductor index rising over 50% through July. No stock symbolized the chip industry's success more than Nvidia, whose shares tripled in 2023 as the company's market value topped $1 trillion, driven by excitement over the central role of the company's products in artificial intelligence applications.
2 days ago
Zacks
3 Large-Cap Stocks to Buy Now During the September Pullback
Investors with long-term horizons might want to consider buying proven large-cap stocks at potentially attractive levels.
7 hours ago
Reuters
UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources
UBS has cut around 70% of the Hong Kong-based staff headcount at Credit Suisse's securities research unit, two sources with direct knowledge of the matter said, as the two Swiss banking giants move ahead with integration of operations. UBS' takeover of Credit Suisse, the biggest bank merger since the 2008 global financial crisis, was hastily arranged in March this year by Swiss authorities to avert Credit Suisse's collapse. As part of the integration process, UBS decided to absorb Credit Suisse's Securities Research service this month, wrapping the business into its own research operations, Reuters reported on Sept. 5.
2 days ago
Reuters
Real estate stocks extend losses as rates soar
Shares in real estate companies fell on Friday, adding to a massive sell-off the previous day, when bond yields jumped to their highest levels in 16 years after the Federal Reserve signaled that U.S. interest rates would stay high for longer. The S&P 500 real estate index lost 0.7% on Friday after falling 3.5% on Thursday, which was its biggest daily decline since March when the banking sector was in crisis. The U.S. Treasury 10-year yield, fell slightly on Friday, after rising on Thursday to around 4.5%, its highest since 2007.
7 hours ago
The Smart Investor
Looking to Accelerate Your Wealth Accumulation? Here is How to Harness the Power of Compounding
Looking to grow your wealth? Here is how you can make use of compounding to accelerate your wealth-building. The post Looking to Accelerate Your Wealth Accumulation? Here is How to Harness the Power of Compounding appeared first on The Smart Investor.
2 days ago
Yahoo Finance Video
Markets may finally be giving the Fed what it wants: WSJ's Timiraos
The Fed motioned to pause interest rates in September with the possibility of one last hike to come in 2023. But after tightening for so long, could markets finally be giving regulators the go-ahead to do what needs to be done? The Wall Street Journal Chief Economics Correspondent Nick Timiraos joins Yahoo Finance Live to discuss the inner-narrative of the bond market and key indicators seen in the Fed's "dot plot." "What you're seeing now could actually lead to the tightening and financial conditions that we didn't get earlier when the Fed was raising rates faster, but the market was saying, 'Well, you'll cut sooner. you'll cut sooner,'" Timiraos explains. "So you didn't see mortgage rates rise nearly as much as they have in the last few weeks." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
a day ago
Financial Times
How Xi Jinping is taking control of China’s stock market
By using listing and trading rules to direct capital into sectors that fit his priorities, the president wants the market to serve the state
a day ago
Reuters
China's AI 'war of a hundred models' heads for a shakeout
China's craze over generative artificial intelligence has triggered a flurry of product announcements from startups and tech giants on an almost daily basis, but investors are warning a shake out is imminent as cost and profit pressures grow. The buzz in China, first ignited by the success of OpenAI's ChatGPT almost a year ago, has given rise to what a senior Tencent executive described this month as "war of a hundred models", as it and rivals from Baidu to Alibaba to Huawei promote their offerings. China now has at least 130 large language models (LLMs), accounting for 40% of the global total and just behind the United States' 50% share, according to brokerage CLSA.
a day ago
The Telegraph
UAW expands strike action against US car giants
Two of America’s largest carmakers are braced for further disruption after the United Auto Workers (UAW) union announced further strikes over pay.
13 hours ago
Zacks
Shell (SHEL) Opens World's Largest EV Charging Station in China
Shell (SHEL) launches the world's largest EV charging station in China with 258 charging points and solar panels with 300,000 KWh capacity, as part of a joint venture with BYD.
2 days ago
The Telegraph
Now is not the time to ditch this cyclical stock despite 62pc decline in its shares
The stock market’s dismal performance over recent years is tempting some investors to sell up and walk away.
23 hours ago
Zacks
FedEx vs. UPS: What's the Better Buy?
FedEx, a leader in global express delivery services, reported quarterly results yesterday after the market's close. Given the market's positive reaction, should investors consider FDX shares or those of a competitor, United Parcel Service?
a day ago

Yahoo Style

Rating some of the best mooncake bags you can get in Singapore this year

US court orders Mirror Trading International to pay $1.7 billion in restitution for crypto fraud

Latest stories

CPF minimum interest rate of 4% extended 1 more year till 31 December 2024

Singapore banks tighten scrutiny of Chinese with other passports

5 Solid US Dividend Stocks That Will Delight an Income-Focused Investor

Recession warning as employers cut staff at fastest pace since 2009

Interest rates staying 'higher for longer' means at least through 2026 for the Fed

Impact of prolonged higher interest rates on banks

Stock losses deepen as Wall Street braces for 'higher for longer' interest rates: Stock market news today

Arm falls below flotation price amid market jitters over tech

Nvidia, other US chip stocks stall over valuation, industry worries

3 Large-Cap Stocks to Buy Now During the September Pullback

UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources

Real estate stocks extend losses as rates soar

Looking to Accelerate Your Wealth Accumulation? Here is How to Harness the Power of Compounding

Markets may finally be giving the Fed what it wants: WSJ's Timiraos

How Xi Jinping is taking control of China’s stock market

China's AI 'war of a hundred models' heads for a shakeout

UAW expands strike action against US car giants

Shell (SHEL) Opens World's Largest EV Charging Station in China

Now is not the time to ditch this cyclical stock despite 62pc decline in its shares

FedEx vs. UPS: What's the Better Buy?