[ad_1] Sam Bankman-Fried is gone. And crypto is back to its favorite activity: a wild speculative rally. The FTX founder’s trial featured a parade of witnesses detailing a multibillion-dollar fraud at the heart of the crypto market. None of it dented the enthusiasm of crypto investors. During the trial, crypto prices surged on optimism that […]

[ad_1] Eli Lilly’s blockbuster diabetes medication Mounjaro is expected to receive Food and Drug Administration approval as an obesity treatment before the end of the year, which would lead to a surge in demand. Whether there will be enough of the drug is a different question.  Both Lilly and its competitor, Denmark’s Novo Nordisk, which […]

[ad_1] Updated Oct. 31, 2023 5:48 pm ET Americans rolling over their money into an individual retirement account from a 401(k) will have more protections on the advice they get as part of a Labor Department proposal released Tuesday.  Under a 1974 federal law that governs retirement accounts, employers have a duty to manage 401(k) […]

[ad_1] A researcher at Two Sigma Investments adjusted the hedge fund’s investing models without authorization, the firm has told clients, leading to losses in some funds, big gains in others and fresh regulatory scrutiny. The researcher, Jian Wu, a senior vice president at New York-based Two Sigma, was trying to boost his compensation, Two Sigma […]

[ad_1] Updated Oct. 27, 2023 6:08 pm ET A Philadelphia bank struggling to stay afloat agreed to a deal with an investor group aimed at shoring up its finances, a sign that smaller lenders are still under stress after a wave of failures shook the industry earlier this year. Republic First Bancorp is set to […]

[ad_1] Updated Oct. 25, 2023 2:26 pm ET WASHINGTON—The Federal Reserve proposed lowering by about 30% the fees merchants pay to many banks when consumers shop with debit cards, setting off a fight with banks that oppose the changes.  At present, merchants pay large card issuers such as JPMorgan Chase and Bank of America 21 […]

[ad_1] Listen to article (2 minutes) A deepening selloff in the U.S. bond market drove the yield on the 10-year U.S. Treasury note to 5% for the first time in 16 years, marking a milestone that has rattled stocks, lifted mortgage rates and fueled persistent fears of an economic slowdown.  A critical driver of U.S. […]

[ad_1] The Commerce Department’s report on gross domestic product on Thursday will probably show that housing helped boost economic growth in the third quarter. That shouldn’t mask the fact that what is happening in the housing market is utterly and horribly bad and that the economy is worse off for it. This past Thursday, the […]

[ad_1] Updated Oct. 19, 2023 7:11 pm ET WASHINGTON—The Securities and Exchange Commission on Thursday said it would drop its lawsuit against two cryptocurrency executives who oversaw $1.5 billion in sales of a digital coin known as XRP, in a move that boosts the industry’s battle against traditional regulation. The dismissal of civil claims against […]

It Is Time To Start Disturbing Approximately Starfield Introduction to Starfield Starfield is an upcoming highly anticipated video game developed by Bethesda Game Studios, known for popular titles like The Elder Scrolls and Fallout series. Announced during the E3 2018 conference, Starfield has been generating a significant amount of buzz and excitement among gamers and […]