US Supreme Court signals it could limit SEC in-house enforcement

US Supreme Court signals it could limit SEC in-house enforcement

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing Rights WASHINGTON, Nov 29 (Reuters) – Conservative U.S. Supreme Court justices on Wednesday signaled skepticism toward the legality of certain proceedings that the Securities and Exchange Commission conducts … Read more

Big investors say US markets rally could prove short-lived

Big investors say US markets rally could prove short-lived

NEW YORK, Nov 22 (Reuters) – The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and monetary policies, next year’s presidential election and recession fears as likely to start weighing on markets. Since late October, the … Read more

JPMorgan chief Dimon to sell some of his own company stock for first time

JPMorgan chief Dimon to sell some of his own company stock for first time

JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S. Senate Majority Leader Schumer that was reportedly about the possibility of the U.S. defaulting on its debt, outside the U.S. Capitol in Washington, U.S., May 17, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing Rights Oct 27 … Read more

Crypto giant Binance’s US affiliate halts direct dollar withdrawals

Crypto giant Binance’s US affiliate halts direct dollar withdrawals

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 17 (Reuters) – The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday. … Read more

SPAC to return remaining $533 million raise for Trump social media deal

SPAC to return remaining $533 million raise for Trump social media deal

The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights NEW YORK, Oct 12 (Reuters) – Digital World Acquisition Corp (DWAC.O), the SPAC that plans to merge with former U.S. … Read more

SPAC shell games will keep hiding the ball

SPAC shell games will keep hiding the ball

NEW YORK, Oct 5 (Reuters Breakingviews) – As blank-check deals go, it hardly could have been much worse than Better. The online mortgage lender led by Vishal Garg unveiled plans in May 2021 to go public at a nearly $8 billion valuation by way of a special-purpose acquisition company, exuberantly telling investors it expected to … Read more

Analysis: When, not if, Europe copies Wall Street share trading reform

Analysis: When, not if, Europe copies Wall Street share trading reform

Wall Street due to change to one day settlement in May Shorter time could increase competitiveness of EU markets Could be complex due to numbers of institutions involved LONDON, Oct 5 (Reuters) – The European Union, Britain and Switzerland have little choice but to copy Wall Street in speeding up share trading, though it will … Read more

Digital World investors vote for extension to finish deal with Trump media firm

Digital World investors vote for extension to finish deal with Trump media firm

Republican presidential candidate and former U.S. President Donald Trump speaks as he campaigns at the Iowa State Fair in Des Moines, Iowa, U.S. August 12, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing Rights NEW YORK, Sept 5 (Reuters) – Investors in Digital World Acquisition (DWAC.O) (DWAC), the blank-check acquisition company that plans to merge with former … Read more

Factbox: SoftBank-owned Arm courts Big Tech interest in its IPO

Factbox: SoftBank-owned Arm courts Big Tech interest in its IPO

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration Aug 11 (Reuters) – SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year’s biggest initial public offerings. … Read more

Biden signs order to ban certain tech investments in China

Biden signs order to ban certain tech investments in China

U.S. President Joe Biden delivers remarks on access to mental health care in the East Room of the White House in Washington, U.S., July 25, 2023. REUTERS/Elizabeth Frantz/File Photo NEW YORK/WASHINGTON, Aug 9 (Reuters) – President Joe Biden on Wednesday signed an executive order that will narrowly prohibit certain U.S. investments in sensitive technology in … Read more