President Donald Trump on Wednesday said that he thought the Iran war played a role in the Republican Party’s losses in the US midterms. His remarks came as Democrats were poised to take control of the Congress in a blow to the president. President Donald Trump expressed surprise at how Republicans fared in the midterm … Read more
Binance said it has now covered 90% of the losses linked to the record-breaking cyberattack that struck the world’s largest cryptocurrency exchange. The has now moved closer to restoring normal operations. Binance says customer assets remain safe as new update says it uses SAFU reserves, insurance funds and corporate treasury after record cyberattack. REUTERS/Dado Ruvic/Illustration … Read more
US banks are facing growing losses on their bond investments as Treasury yields rise. Banks must decide whether to sell bonds worth billions of dollars at a loss or continue holding them and carry the losses on their balance sheets. US banks face rising bond losses as Treasury yields surge and share buybacks come under … Read more
​All seven defendants face wire fraud and arson-related federal charges. (FBI photo) Federal prosecutors in Louisiana charged seven people on Tuesday, in an alleged insurance fraud and arson scheme involving about 13 residential fires between 2019 and 2026. Authorities say the group rented homes, obtained insurance policies and then allegedly caused fires at the properties … Read more
Trump Media has signed up more than 10 customers for its new Truth API service. The service gives Wall Street traders faster access to market-moving posts made by influential accounts on Trump’s Truth Social platform. Truth API launched at the start of August. It is designed to give some traders an early look at posts … Read more