By Jiaxing Li and Harry Robertson HONG KONG/LONDON, June 24 The U.S. dollar extended gains to reach a 13-month high against a basket of major currencies on Wednesday, as investors prepared for rate hikes from the Federal Reserve and sought shelter from a tech stock selloff. <
U.S. asserts no funds released to Iran while Strait of Hormuz vessel traffic stays far below pre-war levels of 19 million barrels daily. Former President Donald Trump stated no money has been transferred to Iran, and no tolls or fees are being imposed on ships passing thro
Authorities target infrastructure used by Cambodia-based Huione Group to launder proceeds from cyber fraud and investment scams. The US Justice Department seized a cloud computing account linked to Huione Group, a Cambodia-based conglomerate accused of laundering billions
Justice Department targets Cambodia-based infrastructure accused of laundering billions from online scams and investment fraud. The US Justice Department seized a cloud computing account linked to Huione Group, a Cambodia-based conglomerate, accused of laundering over $2 b
Green Panda Capital names veteran executive Paul Carroll to lead the company following Richard Zhou's resignation from key roles. Green Panda Capital Corp. (GPCC.P:CA) has appointed Paul Carroll as its new President and CEO, effective immediately. The move follows the resi
A $112 billion asset manager argues AI’s value in private equity lies in improving returns, not reducing headcounts. Schroders Capital, with $112 billion in assets under management, contends that artificial intelligence’s primary benefit in private equity is enhancing retu
Four S&P 500 stocks, including AMZN and ANET, receive buy ratings from at least 95% of analysts, per FactSet data. Analysts are overwhelmingly bullish on four S&P 500 stocks that have risen this year, with each receiving "buy" recommendations from at least 95% of covering
SpaceX and Tesla share declines erase $240 billion from Musk's fortune, ending his brief trillionaire status. Elon Musk’s net worth fell to $957 billion, dropping him below the trillionaire threshold after a broad market selloff hit SpaceX and Tesla shares. SpaceX stock cl
Vision Marine Technologies (VMAR) stock price slumped 15% despite receiving allowance from U.S. Patent and Trademark Office for a patent application related to authenticating components within an electric vessel powertrain. - The patent application, titled "Authentication
Crude oil fell further on Wednesday as concerns over potential supply interruptions eased, though investors remained focused on the Strait of Hormuz, a key global energy transit route. International benchmark Brent crude (CO1:COM) futures fell 2.3% to $75.35 per barrel, no
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