SEC

SEC Warns Robinhood for Possibly Violating Securities Laws With its Crypto Business Operations

Robinhood received a warning from the Securities and Exchange Commission regarding potential legal action over its cryptocurrency operations. This signals regulatory scrutiny, focusing on alleged violations of Sections 15a and 17a of the Securities Exchange Act of 1934.


Crypto Cybersecurity Group Launched to Stop Crypto Hacking

A cybersecurity group led by Justine Bone, known as Crypto ISAC, will now be in motion to prevent crypto hacking and other malicious activities, providing greater confidence to investors and users.

General Motors May Have to Leave China After Reporting $106 Million Loss in Just 3 Months

General Motors might need to leave China as losses mount to $106 million in just three months, the third time in 15 years.

Rue21 Apparel Stores Set to Close in the Coming Weeks After Filing for Third Bankruptcy

Rue21 has announced that it will be shutting down all of its 540 locations in the coming weeks. Popular teens clothing retailer Rue21 is shutting all 540 of its locations in the the coming weeks as it declares bankruptcy after almost 50 years in operation.


Latest News

 Heineken Announces £39 Million Investment to Reopen 62 Closed UK Pubs
The focus of the investment will be on reopening 62 pubs that were previously closed and renovating 94 existing outlets.
Alipay+
Chinese fintech firm  Ant Group wants to expand globally by linking mobile payment apps with Alipay+.
Donald Trump, Republic National Committee Rake in Over $76 Million in April as Fundraising War With Joe Biden Heats Up
Former President Donald Trump's election campaign and the Republican National Committee (RNC) disclosed on Saturday that they collectively raised more than $76 million in April.
Twitter Founder Jack Dorsey Leaves BlueSky Board a Few Months After Deleting His Own Account on the Social Network
Twitter founder Jack Dorsey has left the board of Bluesky, the decentralized social media platform he co-founded.
Warren Buffett Issues Grave Warning About AI, Saying It Would Make Scams Far More Convincing, Revving Up Fraud
Berkshire Hathaway Chairman and CEO Warren Buffett has warned about AI scams. Berkshire Hathaway Chairman and CEO Warren Buffett has warned about artificial intelligence (AI) scams, which he believes could evolve into "the growth industry of all time.
Biden Administration's Pending Marijuana Reclassification Could Lead to Huge Tax Cut for Cannabis Companies
Led by the US Drug Enforcement Administration (DEA), this proposed change acknowledges cannabis's medical benefits and lower abuse potential than other controlled substances.
Berkshire Hathaway's Brooks Running CEO Deems China, Europe as Growth Areas
Brooks Running's newly appointed chief executive has expressed optimism about the potential growth of the business in China and Europe.
Qantas Airlines Reaches $120 Million Settlement in ‘Ghost Flight’ Lawsuit
Qantas has agreed to pay $120 million to resolve allegations of misleading customers regarding ticket sales on so-called "ghost flights.”
Victims' Families Urge DOJ to Fine Boeing $24.8 Billion, Prosecute Ex-CEO for 737 Max Disasters
Boeing locked out 125 unionized firefighters and emergency responders in Washington state this weekend in a dispute over a new four-year contract.
US-ENTERTAINMENT-FILM-FESTIVAL-CARTOON-COMICCON
Paramount's board committee on Saturday met and approved talks with Sony and Apollo, who submitted a nonbinding letter of interest.