UBS to Pay Nearly $400 Million Fine to Settle Credit Suisse’s Archegos Failures
Fed says Credit Suisse engaged in ‘unsafe and unsound counterparty credit risk management practices’ related to dealings with the investment firm.Read More
Banks Are Going on a Diet
Regional lenders are cutting back on some lending to preserve capital.Read More
Eyeing up WorldCoin as OpenAI CEO Sam Altman Launches Iris-Scanning Crypto Technology
Worldcoin, a new cryptocurrency project co-founded by Sam Altman, CEO of the AI research laboratory OpenAI, has officially launched. But what actually is the initiative and what can we expect to see from it in the future? The Worldcoin project is building the world’s largest identity and financial network as a public utility and aims […]
Mastercard Receivables Manager Rolled Out to Streamline Business Virtual Payments
As more customers are choosing alternative payment methods, some businesses are struggling to keep pace and process these transactions at the pace expected of them. To help with this burden, the global payment conglomerate, Mastercard is launching its Mastercard Receivables Manager, a new, automated solution. Complementing Mastercard’s virtual card platform, the Mastercard Receivables Manager streamlines […]
Avi Loeb’s Deep Dive for Alien Life Is Making Other Scientists Gasp
The Harvard astrophysicist says that material recovered from the seafloor could be from an extraterrestrial spacecraft. His peers aren’t shy about their skepticism.Read More
IRS to Stop Surprise Visits to Homes and Businesses
The end of a decades-long practice comes amid political backlash and increasing threats to agents.Read More
Was the Rolled-Up Painting in the Dog Walker’s Closet Worth Millions?
The dog walker thought so. Sotheby’s planned the auction — at first.Read More
$7,200 Per Student: Arizona’s School Voucher Experiment
More states are making all students eligible for private school subsidies. In Arizona, it has often benefited wealthier families.Read More
How Is The Market Feeling About Las Vegas Sands?
Las Vegas Sands’s (NYSE:LVS) short percent of float has fallen 21.43% since its last report. The company recently reported that it has 9.76 million shares sold short, which is 2.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.16 days to cover their short positions […]
Looking Into Consolidated Edison’s Recent Short Interest
Consolidated Edison’s (NYSE:ED) short percent of float has fallen 16.3% since its last report. The company recently reported that it has 5.95 million shares sold short, which is 2.31% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.05 days to cover their short positions on […]
