A recent indictment from a federal grand jury has unveiled the illegal activities of Maximiliano Pilipis, who previously ran AurumXchange, an unlicensed virtual currency exchange located in Noblesville, Indiana. According to a press release from the US Department of Justice, Pilipis is facing five counts of money laundering and two…

US equity benchmarks jumped on Monday as traders waited for earnings results of megacap technology companies later this week. A cooling of geopolitical tensions in the Middle East and a sharp sell-off in the oil markets also boosted sentiments on Monday. At the time of writing, the Dow Jones Industrial…

Amid varying opinions among European Central Bank (ECB) officials regarding interest rates and inflation trends, Pierre Wunsch, the head of Belgium’s central bank, has stated that there is no pressing need for the ECB to speed up policy easing. Wunsch’s perspective adds to a rising call among officials to exercise…

Oil stocks are seeing a decline following an attack from Israel that killed four Iranian soldiers over the weekend. Investors’ concerns about global geopolitical instability and the broader repercussions for oil prices pushed Occidental Petroleum Corp (NYSE: OXY) down further to about $50 on Monday. Shares of the hydrocarbon exploration…

In a recent interview on The Joe Rogan Experience, former President Donald Trump reignited a contentious debate by claiming that Taiwan had “stolen” America’s semiconductor industry. Trump’s remarks echo previous accusations he’s made, asserting that Taiwan has taken control of a technology crucial to the US economy. However, experts argue…

Oxford Lane Capital (OXLC) stock has risen modestly this year and is hovering near its all-time high of $5.35. It has risen by 6% this year, and thanks to its fast 20% yield, its total return has been 24%, higher than the Vanguard S&P 500 index (VOO). OXLC has become…

With the US presidential election mere days away, manufacturers brace for potential policy shifts that could reshape the industry’s trajectory for years. While they’re on track for one of their best years, many firms remain cautious about the unknowns, particularly around trade policies under potential Trump tariffs. A Democratic win,…

ByteDance founder Zhang Yiming has been crowned China’s wealthiest person, according to the Hurun Research Institute, displacing Nongfu Spring’s Zhong Shanshan, who led for the last three years. Zhang’s $49.3 billion fortune eclipses Zhong’s wealth of $47.9 billion, following a tumultuous year for Zhong’s bottled water business, which faced public…

The UK’s national minimum wage is expected to rise by up to 6% next year, giving a significant pay increase to over 1 million low-paid workers, according to a report by The Guardian. Shadow Chancellor Rachel Reeves is anticipated to formally announce the hike in the Budget on Wednesday, which…