SEC Accuses Former WAMCO Co-CIO Ken Leech of Long-Running Fraud Scheme

WASHINGTON D.C., November 25, 2024 — The Securities and Exchange Commission (SEC) announced charges on Friday against Stephen Kenneth "Ken" Leech, a former co-hea...

BlackBerry Stocks Surge After Court Rejects Claims by Former Executive

BlackBerry Limited's shares rose by 9.4% on Monday following a federal judge in California's decision to dismiss the claims of former marketing director Neelam Sa...

Alector Halts Alzheimer Trial: Drug Fails to Meet Primary Endpoint

Alector Inc. announced that the Phase 2 clinical trial of AL002, developed for the early-stage treatment of Alzheimer’s disease, did not achieve its primary goal ...

Super Micro Boosts Earnings, Squeezes Short Sellers

On Monday, Super Micro Computer's stock continued its upward trend following the announcement of a strategy to prevent its delisting from Nasdaq, a move that prev...

Netflix Stocks Decline After Reaching Record Highs

On Monday, Netflix Inc. (NASDAQ:NFLX) shares experienced a 3% decline after reaching an all-time high intraday level of $908 last Thursday. Despite this pullback,...

Japanese Authorities Raided Amazon Japan Over Possible Antitrust Practices

Foreks - It has been reported that the Japan Fair Trade Commission is investigating Amazon (NASDAQ:AMZN) on suspicion of violating antitrust laws. A source from t...

Service Producer Prices Rise in Japan, Keeping BOJ's Rate Hike Expectations Alive

Forex - In Japan, the leading indicator of service sector inflation, the service producer prices remained stable at around 3% in October. The stability in service...

China Warns There Will Be No Winner in a Trade War

Forex - After newly elected President Donald Trump promised to impose comprehensive tariffs on goods from China and other countries in response to illegal drug tr...

Makhlouf Becomes Increasingly Confident that ECB Will Achieve 2% Inflation Target Next Year

Forex - Gabriel Makhlouf, Governor of the Central Bank of Ireland and member of the ECB Governing Council, stated that he is "increasingly confident" that the Eur...

Fed/Kashkari: A 25 Basis Point Rate Cut in December Seems Reasonable

Forex - Minneapolis Fed President Neel Kashkari stated that he is open to lowering interest rates again next month. Speaking to Bloomberg TV, Kashkari noted, "Thi...

Headline: Gold Stays Flat After Sharp Pullback Experienced Yesterday

Forex - Gold prices are currently moving sideways following a sharp decline from yesterday's three-week high, attributed to significant selling pressure. The comm...

Market Overview: U.S. 10% Tariff Implementation Can Be Balanced by Currency Movements

According to Maybank Investment Banking Group economist Erica Tay, the impact of the additional 10% tariff on Chinese goods entering the U.S. is likely to be mana...

S&P Global Upgrades Credit Rating Outlook for the Philippines

Forex - International credit rating agency S&P Global has affirmed the Philippines' credit rating while upgrading its outlook.

According to a statement from S&P...

Moody's Analytics: Trump's Tariff Statements May Signal Beginning of Further Measures

Foreks - Moody's Analytics economist Harry Murphy Cruise stated that Trump's plan to impose a 10% tariff on China's exports, while lower than previous campaign pr...

ECB/Nagel: A Gradual Approach to Interest Rate Cuts is Essential

Foreks - Bundesbank President and ECB Governing Council member Joachim Nagel stated that Germany has entered a period of economic weakness, but central bank inter...

EU Discusses Imposing Sanctions on Chinese Firms Assisting Russia

The European Union has proposed sanctions against certain Chinese firms accused of assisting Russian companies in the development of drones used against Ukraine. ...

Morning Outlook: Sectoral Inflation Expectations, Fed Minutes, and U.S. New Home Sales in Focus

Forex - Today, there is no significant data expected domestically other than "Sectoral Inflation Expectations." Abroad, in addition to the minutes of the Federal...

California May Exclude Tesla from Proposed Electric Vehicle Discount Program

Forex - Elon Musk's Tesla may miss out on lucrative tax breaks for electric vehicles considered by California's Democratic Governor Gavin Newsom.

The proposals ...

Officials say Israel has finalized ceasefire agreement with Hezbollah in Lebanon - FT

According to a report, U.S. diplomats are attempting to broker a ceasefire agreement to end the conflict that has been ongoing for more than a year between Israel...

Kyrgyzstan Central Bank Keeps Interest Rates Unchanged

Forex - The Central Bank of Kyrgyzstan (NBKR) did not change the policy interest rate in its fourth consecutive meeting. According to the statement from NBKR, the...

GM to Join Formula 1 with Cadillac Brand Starting in 2026

Foreks announced that Formula 1 has approved GM and Cadillac's entry as a new team on the grid. This announcement, part of an application initiated by the racing ...