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...The CFPB last month finalised a rule that slashes the largest credit card issuers’ late fees from an average of $32 to $8. The measure is being challenged in court....
...Making fun of corporate brands embarrassing themselves online is like shooting fish in a barrel....
...The Japanese currency weakened 0.3 per cent to ¥155.32, continuing a slide against the dollar as the US economy proves robust despite heightened borrowing costs....
...The controls mark a U-turn on cryptocurrencies in Nigeria, which President Bola Tinubu’s government had seen as part of its sweeping market-friendly reforms, designed to attract overseas investment to its...
...FDUSD is backed by reserves comprising low-risk assets, such as short-term U.S. treasury bills, as well as cash and cash equivalents in U.S. dollars....
...The 32-year-old was found guilty of seven counts of fraud and money laundering last year related to the failure of FTX in November 2022, after an $8bn hole was uncovered in its balance sheet....
...In a submission on Friday, the government said the 32-year-old, who was found guilty on seven charges of fraud and money laundering late last year, “victimised tens of thousands of people” by stealing more...
...He said the contention by the 32-year-old’s lawyers that the “harm to customers, lenders, and investors is zero” was “categorically, callously, and demonstrably false”....
...The 32-year-old, who was found guilty on seven counts of fraud and money laundering last year, knew his actions were wrong, and “knew it was criminal”, Judge Lewis Kaplan said at Thursday’s hearing in Manhattan...
...There is a limited, if admittedly growing, data set on zigzags and U-turns in policy and technology....
...The 32-year-old, who has been helping teach prisoners seeking to get their high school diplomas while awaiting his sentence, showed a hint of emotion when he told the court during a long speech: “I know...
...The dollar strengthened against all major Asian currencies as traders price in fewer expected rate cuts from the Federal Reserve this year....
...Judge Lewis Kaplan’s evaluation will be a critical factor in determining whether the 32-year old Bankman-Fried spends a mere handful of years in prison, as his lawyers have suggested, or up to five decades...
...The U-turn “completely undermines the powers of local government, which are very few and far in between”, Cammy Day, Edinburgh council leader, told the Financial Times....
...Changpeng Zhao may finally make a long-awaited public appearance in the US today. In court, reportedly! He’s expected to appear in federal court in Seattle today, according to the WSJ....
...Central bank data shows it has $32.87bn in foreign exchange reserves, although almost $20bn of this was committed to paying off a series of derivatives deals....
...Yield on the bills fell from 32 per cent to 26 per cent. “Everybody wants a piece of Egypt now....
...MTN this month reported a 79 per cent drop in net income to R4.09bn as a currency devaluation in Nigeria weighed on profits....
...Tether, with a $100bn market capitalisation, is three times bigger than its next rival — effectively serving as crypto’s reserve currency....
...Shares in Adidas, which have risen 32 per cent over the past 12 months, were flat in morning trading....
...The decision also marks a U-turn by the SEC. The regulator resisted spot bitcoin ETFs for nearly a decade on the grounds that cryptocurrencies were susceptible to manipulation and fraud....
...According to figures from industry data provider CCData, Binance’s share of the crypto spot market fell to roughly 32 per cent at the end of November from a high of well over 50 per cent at the start of...
...Instead, both businesses reported 10 per cent increases in revenues compared with a year earlier, benefiting from trading in mortgages, currencies and credit in the quarter....
...He did a U-turn on TikTok, now saying its Chinese parent company should retain ownership....
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