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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.