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Former cryptocurrency tycoon Sam Bankman-Fried is making one final push for freedom, petitioning the Supreme Court to grant him a new trial and scrap an $11 billion forfeiture order. Currently serving a 25 year prison sentence, Bankman-Fried was convicted of orchestrating a massive scheme that diverted billions from his FTX exchange into his private hedge fund, Alameda Research. Prosecutors successfully argued that these stolen funds fueled high risk bets and lavish personal spending, but the fallen mogul now claims the legal process was fundamentally unfair.The core of the appeal rests on a complex technicality regarding how evidence was presented during…
Wall Street spent weeks convincing itself that the Federal Reserve was finally done raising interest rates, but a fresh wave of economic data has shattered that confidence. After a period of relative optimism, the hiking cycle appears to be breathing again, driven by a combination of soaring oil prices and a producer price report that came in surprisingly hot. This volatility left investors clinging to every word from central bank officials, particularly following signals from Governor Christopher Waller that even a slight uptick in inflation could trigger further hikes.The breaking point arrived with the latest Consumer Price Index report, which…
Brian Armstrong believes the American cryptocurrency landscape is on the verge of a major transformation, regardless of whether lawmakers can reach a consensus. Speaking recently on CNBC’s Squawk Box Asia, the Coinbase CEO expressed confidence in the Clarity Act, a piece of legislation designed to create a formal federal framework for digital assets. While the bill has already cleared the House and enjoys wide backing from financial institutions and law enforcement, it faces a steep climb in the Senate where securing sixty votes remains a hurdle due to ongoing negotiations over ethics provisions.Despite these political obstacles, Armstrong insists that regulatory…
Wall Street managed to snap a four day losing streak on Friday, with major indices rallying despite an inflation report that came in hotter than many analysts had hoped. Leading the charge was the Dow Jones Industrial Average, which soared 500 points and closed up one percent. This sudden surge suggests that investors may be looking past immediate data points toward a more optimistic long term horizon for interest rates.The rally appeared to be driven by a shift in sentiment regarding the Federal Reserve’s next moves. While current inflation remains a concern, traders seemed to bet that the risk of…
Key PointsThe transaction involved 28,248 shares at a weighted average price of $30.67, representing a total value of ~$866,366.The sale represented 4% of the shares held by the insider prior to the transaction.The transaction was executed directly by Bryan Seuk Ko under a pre-arranged Rule 10b5-1 trading plan.The insider maintains a direct position of 744,262 shares with a market value of ~$22.8 million as of the September 4, 2026 market close.10 stocks we like better than Gen Digital ›Bryan Seuk Ko, who serves as COO, CLO, and Secretary at Gen Digital Inc. (NASDAQ:GEN), sold 28,248 shares of common stock on…
NVIDIA is using Palantir Foundry and cuOpt to automate its hardware supply chain allocation decisions across global manufacturing sites.The company measures operational delivery from wafer-out to first token. This window splits into time-to-rack (the transit from fab output to an assembled data centre system) and time-to-token (which covers power, cooling, networking, and day-one software readiness.)Managing NVL72 and Vera Rubin component flowsHardware scaling has magnified supply constraints. An NVIDIA Grace Blackwell NVL72 rack contains 18 compute trays, with each tray requiring two Grace CPUs, four Blackwell GPUs, and 32 HBM3e memory packages sourced across thousands of suppliers, OEMs, and contract design…
Key PointsConcerns about AI’s impact on jobs and data centers’ environmental and financial impact have soured Americans on AI.These strong negative feelings have been amplified by concerns about the security and safety risks of AI agents.Increasing scrutiny of AI safety in the lead-up to Anthropic and OpenAI’s likely IPOs will benefit cybersecurity companies like CrowdStrike.10 stocks we like better than CrowdStrike › Cybersecurity specialist CrowdStrike (NASDAQ: CRWD) has had an amazing 2026. Its shares were already up 61.4% year-to-date before its latest earnings report on Aug. 26, which I predicted would send the stock soaring. I was right: the company’s…
Despite cooler-than-expected U.S. wholesale inflation data, the selloff in the Canadian stock market intensified on Thursday as investors remained concerned about the escalating Canada-U.S. trade war and rising geopolitical tensions in the Middle East. The S&P/TSX Composite Index plunged by 400 points, or 1.1%, to settle at 35,506, marking its lowest closing after July 31. Even as signs of easing inflationary pressures from the south of the border lifted financial stocks, steep declines in all other key sectors, including mining, utilities, and real estate, pulled the TSX benchmark lower for the fourth consecutive session. Top TSX Composite movers and active…
Investors are keeping a nervous eye on the bond market as the 10 year Treasury yield inches closer to the critical 5 percent threshold. Currently sitting around 4.84 percent, the yield is climbing steadily due to a combination of rising real rates and break even inflation figures, both of which are pushing past the 2.5 percent mark. While many traders have spent recent months dismissing these movements, analysts warn that crossing the 5 percent line could serve as a tipping point for broader financial stability.For some time now, the S&P 500 has remained remarkably resilient, largely ignoring the upward pressure…
Commodity markets faced a sharp downturn today as copper prices plummeted following a new report concerning potential tariffs. The industrial metal, often viewed as a bellwether for global economic health, reacted negatively to the prospect of increased trade barriers which threaten to stifle demand across major manufacturing hubs. This slide created a ripple effect throughout the broader commodities sector, dragging down several key assets simultaneously.The volatility extended into energy and fixed income markets where oil prices saw a noticeable dip alongside rising bond yields. Investors appeared jittery as the combination of geopolitical uncertainty and shifting fiscal expectations weighed on sentiment.…