Finance

Regulation

Carl Icahn Settles SEC Charges He Hid Billions in Loans Backed by Company Stock

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Famed activist investor Carl Icahn agreed to pay $500,000, and his Icahn Enterprises $1.5 million, to settle civil charges from the SEC.

1 min read

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Finance

What’s Fueling the Market Rebound?

The S&P 500, having recovered all its losses from earlier this month, sits just less than 2% away from the all-time peak it reached in July.

2 min read
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Finance

US Regulator Finds ‘Unacceptable’ Deficiency Rates At Audit Firms

The Public Company Accounting Oversight Board called out an “unacceptable” level of deficiencies at the country’s biggest auditors.

1 min read
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Markets

GoDaddy Is Flooring It to the Top of the S&P

GoDaddy now sits just outside the top 10 performing companies in year-to-date returns, outpacing everyone in the Mag-7 except for Nvidia.

1 min read

Banking

UBS Quarterly Profit Doubles Market Forecast

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UBS appears to have regained its form, reporting $1.1 billion in net income for the second quarter, doubling analyst estimates.

2 min read

Markets

Proposed Nasdaq Rules Would Clamp Down on Risky Penny Stocks

Photo by Ajay Suresh via CC BY 2.0

After months of criticism for listing over 400 penny stocks, Nasdaq is proposing tightened rules to crack down.

1 min read

Markets

Key Indicators Send Markets Into ‘Recession’ Chatter

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Friday ended with the main indices in Asia, Europe, and New York pointing down in unison, the Nasdaq even entering correction.

2 min read

(Photo Credit: Serba Sembilan/Flickr)

Finance

Berkshire Hathaway Takes a Steps Back from Apple, Builds Cash Pile

Berkshire Hathaway slashed its stake in Apple by nearly 40%, helping grow the Omaha company’s cash pile to more than $270 billion.

1 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Andrey Krav via iStock

Finance

How Will Wall Street’s AI Experiment End?

Like money, artificial intelligence never sleeps. Financial institutions have pulled out all the stops to fit AI into their own operations.

5 min read
Photo by Colton Sturgeon via Unsplash

Markets

Energy Crisis Spurs Record Payout at Vitol Group

Vitol Group, the world’s largest independent oil trader, has paid around a record $6.4 billion in share buybacks to its employee-owners.

1 min read

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