South Korea Exploring Potential Sanctions for Businesses That Fail to Meet Shareholder Return Goals
South Korea's market watchdog warned that corporations may be fined for failing to boost shareholder returns over time.
Investors
Elon Musk's xAI Nears $18 Billion Valuation Following Major Funding Round Amid Rising Investor Interest
Elon Musk's xAI Corporation is approaching the end of a major investment round, with investors valuing the business at $18 billion.
FTX Bankruptcy: Refunds Expected for Most Customers, Excludes Crypto Gains
The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims...
JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading...
UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire
Universal Music Group has denied allegations that it has intervened in the beef between Aubrey “Drake” Graham and Kendrick Lamar Duckworth, while also being under fire after Glass Lewis urged sharehol..
Amgen Challenges Novo Nordisk, Eli Lilly in Weight Loss Drug Market as Investors Flock for Next Obesity Drug Payout
Amgen witnessed an impressive 12% surge in its shares on Friday, marki...
Capital Gains Tax Increase: What Investors Need to Know About Biden's Proposed Changes
Several financial experts say the Biden administration’s proposal to r...
Latest News
Donald Trump Warns About the Biggest Stock Market Crash in US History if He Loses to Joe Biden and Investors Just Laugh
Former President Donald Trump has once again claimed that the US stock market will crash if he does not win in the upcoming presidential election.
Donald Trump Appeals $454 Million Civil Fraud Verdict as Penalty Increases to $112,000 Per Day
Former President Donald Trump is appealing a New York judge's ruling that he must pay $454 million in penalties and interest in a civil fraud case.
U.S. And China Relations In Danger After Threat of Espionage and Economic Challenges
China also accused U.S. companies operating in the country of espionage, raising mistrust amid economic challenges and export growth.
Amazon to Take Walgreens' Spot in the Dow Jones Industrial Average Next Week
Amazon is set to replace Walgreens Boots Alliance in the Dow Jones Industrial Average.
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card issuer Discover Financial Services in an all-stock deal valued at $35.3 billion.
Japan To Allow Cryptoassets in Their Investment Fund
Japan proposes a bill allowing venture capital firms and investment funds to hold cryptocurrency assets.
London Stock Exchange Group Plans to Increase CEO Pay
The London Stock Exchange Group (LSEG) is considering doubling CEO maximum pay amid concerns on UK firms' US listings and competition from high-paying American tech companies.
OpenAI, Now Valued at Over $80 Billion, Launches New Text-to-Video Tool Sora
ChatGPT maker OpenAI reportedly reached a valuation of $80 billion or more after completing a business deal to raise more funds.
JPMorgan Chase to Pay Civil Penalties of Around $350 Million Over Trade Reporting Gaps
JPMorgan Chase and Co. has disclosed that it would pay civil penalties totaling around $350 million to regulators for reporting insufficient trading data to surveillance platforms.
