Author: Dave Staff
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Biden Administration Escalates Pressure on China’s SMIC with Import Restrictions
The Biden administration has intensified its scrutiny of China’s top sanctioned chipmaker, Semiconductor Manufacturing International Corp (SMIC), by cutting off its most advanced factory from further American imports. This move…
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SEC Takes Action Against Contrarian Capital Management
The Securities and Exchange Commission (SEC) has instituted cease-and-desist proceedings against Contrarian Capital Management, L.L.C. (“Contrarian”) for violating Rule 105 of Regulation M under the Securities Exchange Act of 1934….
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SEC Orders UBS Financial Services Inc. to Transfer Remaining Funds and Terminates Fair Fund
The Securities and Exchange Commission (SEC) has issued an order authorizing UBS Financial Services Inc. to transfer the remaining funds of $20,487.50, which are infeasible to return to investors, to…
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Terraform Founder Do Kwon Finally Extradited to U.S.
Do Kwon, co-founder of Terraform Labs, will reportedly be extradited to the United States to face fraud charges after being in Montenegro since his arrest in March 2023. The High…
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Lyft Announces $400 Million Convertible Note Offering
Ride-hailing company Lyft , Inc. (NASDAQ: NASDAQ:LYFT) has revealed plans to offer $400 million in Convertible Senior Notes due 2029, subject to market conditions. The notes will be senior, unsecured…
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Super Micro Computer Plans $1.5 Billion Convertible Note Offering
Super Micro Computer, Inc. (NASDAQ: SMCI), a major player in IT solutions for AI, cloud, storage, and 5G/Edge, has announced its intention to offer $1.5 billion in convertible senior notes…
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Nvidia Q4 Revenue Soars 360% YoY Amid AI Chip Demand
Nvidia Corp. has reported stellar results for its latest quarter, surpassing market expectations as its revenue more than tripled from the previous year. The company’s revenue for the fiscal fourth…
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ThinkMarkets Cuts Ties with Prop Trading Firms on MT5 Restrictions
Proprietary trading firm Instant Funding has joined a growing list of retail platforms in halting the onboarding of new US clients. This decision comes in response to a recent move…
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Starknet’s STRK Token Plummets 55% Following Trading Debut
Starknet’s native token, STRK, experienced a significant drop in value, losing 55% of its worth within 24 hours of being listed for trading on Tuesday. The trading volume exceeded $1.2…
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USD Coin (USDC) Phasing Out Support for Justin Sun’s TRON Blockchain
Circle, the issuer of major stablecoin USD Coin (USDC), announced on Wednesday that it will no longer support USDC on the Tron blockchain. The discontinuation of support will be phased…
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Audacy Receives Court Approval to Emerge from Bankruptcy
Audacy, Inc. (OTC: AUDA), a prominent player in the radio broadcasting and podcasting industry, has announced a significant development in its restructuring process. The United States Bankruptcy Court for the…
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SEC Charges Andrew M. Komarow for Securities Trading Scheme
The Securities and Exchange Commission (SEC) has initiated administrative proceedings against Andrew M. Komarow for his involvement in a securities trading scheme. Komarow, a resident of Avon, Connecticut, was a…
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SEC Hits Christian Fernandez with Cease-and-Desist for Deceptive Practice
The Securities and Exchange Commission (SEC) has initiated cease-and-desist proceedings against Christian Fernandez, also known as Christian Crockwell, for his involvement in a scheme to deceive investors. The scheme involved…
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Prop Trading: Blue Guardian Limits New Account Registrations for US Clients
The turbulence in the prop trading industry continues as Blue Guardian joins the ranks of firms restricting new account registrations for US clients. The restriction, effective immediately, applies to both…
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Funding Pips Completes Migration to Match-Trade Platform After MetaQuotes Disruption
After facing disruptions and losing access to MetaQuotes’ popular trading platforms, Funding Pips, a prop trading firm, announced a successful migration of user accounts and transaction history to a competing…
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Capital One to Acquire Discover Financial Services in $35 Billion All-Stock Deal
Capital One Financial Corp. has sealed a $35 billion all-stock agreement to acquire Discover Financial Services, paving the way for the formation of the largest credit card company in the…
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Founder of Daiso, Japan’s 100-Yen Shop, Hirotake Yano, Dies at 80
Hirotake Yano, the visionary behind Japan’s beloved 100-yen shop chain Daiso, comparable to the dollar store in the United States, passed away at the age of 80. Yano succumbed to…
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Accenture to Acquire GemSeek: Boosting Customer Analytics Portfolio
Accenture, traded as ACN on NYSE, is set to acquire GemSeek, a major player in customer experience analytics. GemSeek helps global businesses understand customer behavior through insights, analytics, and AI…
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Prop Trading: Alpha Capital, Audacity Halt Onboarding US Clients Purchases
Alpha Capital Group has announced an immediate suspension of purchases for its US-based clients, joining a growing list of proprietary trading firms adjusting to the evolving market landscape. The decision,…
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Microsoft Pledges $2.1 Billion to Boost AI and Cloud Services in Spain
Microsoft is set to significantly enhance its artificial intelligence (AI) and cloud infrastructure in Spain with a hefty $2.1 billion investment over the next two years. This announcement was made…
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