The criminal fraud trial of former FTX CEO, Sam Bankman-Fried, commenced on Wednesday with contrasting narratives presented by the prosecution and defense. Prosecutors alleged that Bankman-Fried utilized billions of dollars from customer funds to enrich himself, creating a façade of power and influence built entirely on lies. In stark contrast, the defense portrayed … [Read more...] about Sam Bankman-Fried Trial: A Tale of Deception and Deception
Monex Group to Sell Control of Online Brokerage Business
Shares of Monex Group soared on Thursday morning in response to the company's announcement of plans to sell control of its Japanese online brokerage business to a subsidiary of Nippon Telegraph & Telephone (NTT). The move includes a partnership agreement between Monex Group and the acquiring company. Currently, Monex Group shares are up 18% at 659 yen, which represents the … [Read more...] about Monex Group to Sell Control of Online Brokerage Business
Diamond Sales Decline for De Beers Group in Eighth Cycle
Anglo American has reported a decline in rough-diamond sales for its majority-owned subsidiary, De Beers Group, in the eighth cycle of the year. This decrease can be attributed to the company's decision to reduce diamond availability, as certain areas of the mid-level industry work towards rebalancing their stock accumulation. In the eighth sales cycle of 2023, De Beers sold … [Read more...] about Diamond Sales Decline for De Beers Group in Eighth Cycle
U.S. Stock Futures and Treasury Yields
U.S. stock futures showed little direction on Thursday as Treasury yields slightly stabilized, indicating a slowdown in the bond market sell-off. Stock Index Futures Trading S&P 500 futures (ES00) declined by 4 points, or 0.1%, to 4294. Dow Jones Industrial Average futures (YM00) dropped 45 points, or 0.1%, to 33281. Nasdaq 100 futures (NQ00) slipped 16 points, or 0.1%, to … [Read more...] about U.S. Stock Futures and Treasury Yields
Dell Expects Steady Revenue and Profit Growth
In a recent meeting with securities analysts in New York, Dell Technologies reiterated its annual revenue growth expectations of 3% to 4%. Additionally, the PC and enterprise-hardware company raised its adjusted profit growth target to 8% or better, up from a previous forecast of 6%. This upward revision reflects Dell's confidence in its performance. The company also announced … [Read more...] about Dell Expects Steady Revenue and Profit Growth
