The once-hot semiconductor trade has seen a cooling in the last couple of weeks, which is not only likely to continue, but usher in a bumpy ride for the overall stock market.
Australia’s Federal Court has ordered ASX Limited to pay a A$20.5 million penalty after the exchange operator admitted making a misleading statement about the progress of its CHESS replacement project. The penalty follows ASX’s admission that a 10 February 2022 market announcement stating the project was “progressing well” was misleading. Just six weeks later, ASX…
The network found no evidence that McClain knew of the Pentagon’s later moves to integrate xAI’s Grok models, or that she traded on nonpublic information, and she holds no committee seats overseeing defence or technology. She does sit on the Financial Services Committee, and Capitol Trades, which tracks congressional disclosures, lists her household with 1,443 trades over three years, more…
Former Oversight Board Member Justin Peterson said recent U.S. Supreme Court rulings give President Trump the right to dismiss and appoint Puerto Rico Oversight Board members. Two recent U.S. Supreme Court decisions could transform the Oversight Board and thus the outcome of the Puerto Rico Electric Power Authority bankruptcy. Processing Content The decisions on Monday…
Italy’s securities regulator Consob has ordered the blocking of six additional websites found to be illegally offering investment services in financial instruments, according to a press release dated July 3, 2026. The blocked sites include “Mir-Partner” and its related domains, “Capital Trading Group” along with its associated page, “Gravmor” and its linked portals, White Mint…
The short, but glib, answer to the headline question posed for Viking Therapeutics (VKTX 0.11%) investors is “no,” because the likelihood is that the $4.6 billion market cap company will be bought up by a larger pharmaceutical company if it has success in its clinical trials, and particularly with its lead drug candidate VK2735. Still,…
The state of California has awarded millions of dollars to support California Native American communities in funding housing and homelessness solutions that meet their communities’ unique needs. Announced recently by Gov. Gavin Newsom, the funding will assist 68 federally recognized tribes that were awarded a total of $28.5 million through Round 4 of the California…
