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Stock Markets Open On Tuesday Morning

NYSE Glitch Led to a $48 Million Loss for Interactive Brokers, but NYSE Denies Compensation

Interactive Brokers suffered a $48 million loss due to a recent New York Stock Exchange (NYSE) glitch, which temporarily displayed incorrect stock prices.


Japanese Yen Falls to Lowest Against Dollars Since 1986; Currency Markets Now on Alert

The Japanese yen has reached its lowest against the dollar since 1986, mostly due to the interest rate gap, prompting concerns over potential intervention by Japanese authorities.

Biden to Make 64 Prescription Drugs Cheaper as Part of Inflation Penalties on Drugmakers

The Biden administration will enforce inflation penalties on 64 prescription drugs, reducing costs for Medicare enrollees. This is part of efforts to lower US drug prices and support Biden's reelection agenda.

Biden's Climate Agenda Boosts Solar Company to Billions in Profits

First Solar, a major donor to Biden's campaign, became the largest U.S. solar panel maker that benefited greatly from Biden's Inflation Reduction Act, with an estimated $10 billion in profits.


Latest News

Shein's Potential London IPO Slammed by Amnesty International UK: A 'Badge of Shame' for LSE
Amnesty International UK has criticized the potential initial public offering (IPO) of Shein on the London Stock Exchange.
China Welcomes US Dairy Companies Expanding in Chinese Market
China has expressed willingness to work with US dairy companies that would like to expand their business in the Chinese market.
PetroChina Fined $14.5 Million for US Export Law Violation, DOJ Says
PetroChina International America has agreed to pay a fine and forfeiture totaling $14.5 million for violations of US export law.
Tesla Recalls Futuristic Cybertruck Pickups to Fix Two More Issues
Tesla has issued another recall for its futuristic Cybertruck electric pickups. Tesla has issued another recall for its futuristic Cybertruck electric pickups to fix loose trim pieces and faulty front windshield wipers, according to National Highway Traffic Safety Administration (NHTSA) disclosures.
Fraudster Hairstylist Gets 16 Years for Exploiting Malibu Surgeon in Mansion Scam
Anthony David Flores, sentenced to nearly 16 years in jail, manipulated and defrauded wealthy Malibu eye surgeon Dr. Mark Sawusch of millions, converting his mansion into a drug den with his girlfriend before being apprehended.
Oklahoma Farmers Raise Alarm Over Chinese-Owned Weed Farms, Armed Workers
Oklahoma farmers are alarmed by the presence of Chinese-owned cannabis farms employing heavily armed workers.
GM Names Marc Whitten as New CEO of its Cruise Robotaxi Service
General Motors has hired former key Xbox engineer and executive Marc Whitten as the new CEO of Cruise, its robotaxi service, in an aim to recover itself after being suspended of its California license.
Visa and Mastercard $30 Billion Settlement on Merchant Fees Rejected by Federal Judge
A federal judge rejected a $30 billion settlement intended to cap the fees Visa and Mastercard charge merchants for credit and debit card transactions.
Millions of Miniverse toy sets produced by MGA Entertainment have been recalled by the US Consumer Product Safety Commission due to risks of skin burns, eye and respiratory irritation from contained resins.
OpenAI Delays ChatGPT Voice and Emotion Features for Further Safety Testing
OpenAI announced a delay in launching ChatGPT's voice and emotion-reading features to allow for additional safety testing
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