Latest Market News
Co-Founder and Owners Also Charged July 19, 2022 Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and simultaneously settling charges against Powerline Petroleum, LLC (Powerline), its co-founder and owner, Darren Dohme, and other owner, Adam Wright, for misleading clients regarding the nature of Powerline’s role, and financial interest in the […]
Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]
The IMF’s review recognises considerable progress in strengthening the framework for financial sector regulation, supervision and crisis management in Ireland. An increasingly large, complex and rapidly evolving financial system in Ireland raises new challenges for the future. Review makes targeted recommendations for further work, which will be considered by the Central Bank as it implements […]
Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit. In a 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin Islands court, 3AC was […]
Published: July 19, 2022 at 4:48 p.m. ET Cal-Maine Foods Inc. , the No. 1 egg producer and distributor in the U.S., swung to a profit in the fiscal fourth-quarter as the average price of its shell eggs rose nearly 30%. Cal-Maine said it earned $110 million, or $2.25 a share, in the quarter, contrasting […]
Apple Hiring News Hits Sentiment Shares in US tech giant Apple fell sharply yesterday amidst reports that the company will scale back hiring and spending into 2023, citing concerns over the economy. According to a Bloomberg report which ran yesterday, sources at the company confirmed plans to reduce expenditure in certain teams next year, in […]