Category: Case
-
Why the US dollar continues to weaken and the case for more selling from here
•
The US dollar fell to new lows on the day across the board (but not yet against the pound). The market continues to digest Powell’s comments, and the front end of the yield curve remains the place where the strongest buying is taking place. The 2-year Treasury note fell 9…
-
Greenpeace files supreme court case accusing Finland of climate inaction
•
A group of environmental and human rights organizations said Thursday they are suing the Finnish government for violating the country’s climate legislation by not taking enough action to meet climate targets. In a statement, the six organizations noted that in 2022, Finland adopted “one of the strongest net-zero climate targets…
-
Analysts reveal bullish case for Bitcoin as global liquidity rises
•
Many macroeconomic analysts claim that the stage appears set for Bitcoin to surpass its previous all-time high, thanks to increased global liquidity. In recent weeks, the global macroeconomic outlook has shown signs of shifting. Over the weekend, Goldman Sachs economists announced that they Reduced They lowered their estimate of the…
-
Analysts reveal bullish case for Bitcoin as global liquidity rises
•
Many macroeconomic analysts claim that the stage appears set for Bitcoin to surpass its previous all-time high, thanks to increased global liquidity. In recent weeks, the global macroeconomic outlook has shown signs of shifting. Over the weekend, Goldman Sachs economists announced that they Reduced They lowered their estimate of the…
-
GSK to seek dismissal of Florida case against heartburn drug Zantac By Reuters
•
(Reuters) – British drugmaker GSK said on Friday it will seek to dismiss an upcoming Zantac lawsuit in Florida where plaintiffs alleged the company’s discontinued heartburn drug caused prostate cancer. The move follows a Florida court ruling Thursday in favor of GlaxoSmithKline and other defendants that threw out expert testimony…
-
Exclusive-Deutsche Bank’s proposed Postbank case settlement offer rejected by plaintiffs By Reuters
•
By Tom Sims FRANKFURT (Reuters) – Deutsche Bank has made a settlement offer to shareholders suing Germany’s largest lender over unpaid fees for its acquisition of Postbank, the plaintiffs’ lawyer said on Friday. Lawyer Jan Bayer (OTC:) dismissed the bank’s offer as “crazy” and “dead from the moment it arrived.”…
-
Abbott Labs falls after jury awards plaintiff $495M in damages in baby formula case
•
LPETT Update at 8:10 PM: Damage update, adds Abbott’s comment. Abbott Laboratories (New York:ABT) decreased by 5% In after-hours trading after a St. Louis jury awarded a plaintiff $495 million in damages and penalties over allegations that the company’s infant formula caused A potentially fatal bowel disease. Margo Gill, an…
-
U.S. court rules against Booking.com in Ryanair screen-scraping case By Reuters
•
DUBLIN (Reuters) – A U.S. court has ruled that Booking.com violated the Computer Fraud and Abuse Act by accessing part of Ryanair’s website without permission, court documents showed. The Irish airline, Europe’s largest by passenger numbers, said the ruling would help end unauthorised manipulation of passenger data by booking sites.…
-
Co-founder of Bitzlato avoids extra jail time in $700m money laundering case
•
The Russian founder of Bitzlato has been sentenced to a fixed term in prison for facilitating more than $700 million in illegal crypto transactions. Anatoly Legkodimov, a Russian co-founder of Hong Kong-based cryptocurrency exchange Bitzlato that processed more than $700 million in illicit cryptocurrency on the dark web, has been…
-
Goldman Scahs makes the case for a July Fed cut. What’s priced in?
•
The Fed’s blackout begins Friday at midnight and there’s little chance of a rate surprise unless officials announce it first. The main chance to do so today comes with Powell’s appearance at 12:30 p.m. ET at the Economic Club of Washington. Other than that, we’ll hear from a handful of…
-
The case against a rate cut this year
•
Despite recent improvements in inflation and economic indicators, analysts at Yardeni Research argue against a Fed rate cut this year. May personal consumption expenditures data suggest inflation is on track to hit the Fed’s 2.0% target by year-end. Moreover, consumer spending remains strong, in line with the positive economic outlook.…
-
Bribery case against Shikun & Binui closed, subsidiaries penalized
•
The Tax and Economic Prosecutor’s Office has closed a bribery case against Shikun & Binui (TASE: SKBN), a real estate and infrastructure developer. Meanwhile, an indictment was filed today against Shikun & Binui’s subsidiary SBI Infrastructure, as part of a plea deal, charging the company with conspiracy to commit a…
-
China-built EVs hit with duties in biggest EU trade case yet By Reuters
•
By Philip Blenkinsop and Charlotte Van Campenhout BRUSSELS (Reuters) – The European Union will impose tariffs of up to 37.6 percent on imports of Chinese-made electric cars from Friday, EU officials said, raising tensions with Beijing in Brussels’ biggest trade issue yet. But there is a four-month window during which…
-
Ripple Intensifies Defense With New Submission In SEC Case
•
Ripple Labs has filed a Notice of Supplemental Authority to bolster its position in its ongoing legal battle with the Securities and Exchange Commission (SEC). The filing was filed in the United States District Court for the Southern District of New York in response to the SEC’s request for relief…
-
What Will Happen to the XRP Price if Ripple Loses its Case Against the US SEC
•
Turkish lire; Dr If Ripple loses the SEC lawsuit, the price of XRP could decline significantly, and the entire cryptocurrency market could see increased volatility. The regulator initially sought a penalty of $2 billion, but the latest proposal is $102.6 million, while the company is demanding a fine not to…
-
Okoth Obado off the hook, strikes deal with EACC in Sh2bn graft case
•
Former Migori governor Okoth Obado and the anti-graft body have reached a compromise in a deal that will see him confiscate two high-end cars, a house in Loricho and other properties worth Sh235 million. In an approval recorded before Supreme Court Justice Esther Maina, the Ethics and Anti-Corruption Commission dropped…
-
Binance Leaders Off the Hook in Nigeria Tax Evasion Case after Legal Shuffle
•
Today (Friday), Nigeria dropped tax evasion charges against two Binance executives after a local representative was appointed by the cryptocurrency exchange to handle the legal proceedings. Tigran Gambaryan, a US citizen and head of financial crimes compliance, and Nadeem Angarwala, the British-Kenyan regional director for Africa, have denied the accusations.…
-
Tesla bull case upped to $350 after Musk’s pay package approval
•
Shareholders of Elon Musk and Tesla (NASDAQ:) are having a “pop the champagne” moment after their controversial 2018 compensation package and Texas incorporation received overwhelming approval at the company’s annual meeting in Austin, Wedbush analysts said. Marking a pivotal moment for the company, company analysts expect the $20 to $25…
-
UK Wage and Price Growth Set to Slow, Bolstering Case for Interest Rate Cut
•
UK businesses plan to ease pay and price increases over the next year, paving the way for interest rate cuts this summer. This trend was highlighted in the latest poll conducted by the Bank of England’s decision-making committee. According to the survey, companies intend to increase wages by 4.1 percent…
-
Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case
•
British businessman Mike Lynch was acquitted Thursday of all 15 fraud charges in connection with the $11.1 billion sale of his company Autonomy to Hewlett-Packard in 2011. The trial, which began in March in San Francisco, follows a long extradition battle from England to the United States, where Lynch first…