Author: IA PressRoom

© Reuters. FILE PHOTO: Changpeng Zhao, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier (Reuters) – The world’s largest crypto exchange Binance and its CEO Changpeng Zhao operated a “web of deception” that included artificially inflating its trading volumes and diverting customer assets, the U.S. Securities and Exchange Commission alleged on Monday. The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls,…

© Reuters. FILE PHOTO: Johnson & Johnson company offices are shown in Irvine, California, U.S., October 14, 2020. REUTERS/Mike Blake/File Photo By Patrick Wingrove (Reuters) – Johnson & Johnson (NYSE:)’s legal settlement with Amgen Inc (NASDAQ:) to delay a biosimilar version of its blockbuster psoriasis treatment Stelara until January 2025 could make the drug a larger contributor to J&J’s 2024 and 2025 sales than Wall Street is forecasting. Stelara, introduced in 2009, has been J&J’s top-selling drug since 2019, with sales reaching $9.7 billion in 2022. Its patents begin to expire this year, opening the door to a cheaper biosimilar…

Source: AdobeBinance Holdings Ltd., and its US affiliates, are being charged by the US Securities and Exchange Commission for multiple offenses, months after being charged separately by another US regulator. The SEC’s case stems from the defendants’ “blatant disregard of the federal securities laws,” the regulator said.“In so doing, Defendants have enriched themselves by billions of U.S. dollars while placing investors’ assets at significant risk,” the SEC said in its complaint.The world’s largest crypto exchange and its founder Zhao, also known as CZ, are being accused of “engaging in multiple unregistered offers and sales of crypto asset securities and other investment…

FIRST ON FOX – More than two dozen Republican lawmakers have weighed in urging the Supreme Court to take up an immigrant-visa case in its next term that would have implications for reining in executive branch overreach. The case involves a group of tech workers challenging the existence of a student visa work program created by a federal rule from the Department of Homeland Security (DHS) that circumvents congressional oversight – which is required to invent such programs.The Optional Practical Training (OPT) program has become the largest single guest worker program in the country, and was created entirely via regulation. OPT allows…

Dear Quentin, I am 52 and live alone on a single income. For the past 15 years, I earned a large salary in a demanding role at a tech company.  The company was sold and I took time off and then started a different job in a new industry. I earn half of my old salary, and I have 75% less stress. I have been generous in the past when giving gifts for graduations or birthdays for my sister’s or friends’ children ($50 or $100 gift cards). Now my budget is greatly reduced, and I can only offer $25 gift…

China Last NightKraneShares Key News Asian equities were largely higher overnight as Japan outperformed while South Korea was closed for their Memorial Day holiday. It was a quiet night overnight as Hong Kong and Mainland China had a choppy session, though Shanghai and Shenzhen pushed slightly higher and above the 3,200 and 2,000 support levels, respectively. Hong Kong closed back above the 19,000 level, lifted initially by the morning release of Caixin’s May Services PMI, which came in at 57.1 versus expectations of 55.2 and April 56.4. Do not hold your breath for media headlines on China economic data outperforming,…

© REUTERSAmerica’s chief financial markets watchdog has filed 13 charges against Binance, the world’s largest crypto exchange, and its chief executive Changpeng Zhao. The Securities and Exchange Commission has charged the defendants with a variety of securities laws violations, including operating unregistered exchanges, broker-dealers and clearing agencies, as well as misrepresenting trading controls, according to court documents. The charges also allege the unregistered offer and sale of securities.The entities charged include Binance Holdings Ltd, a Cayman Islands entity which acts as a parent company for the wider group, and BAM Trading Services Inc., which operates the Binance.US trading platform.Binance and Binance.US…

© Reuters. FILE PHOTO: Brazil’s President Luiz Inacio Lula da Silva gestures during the South American Summit at Itamaraty Palace in Brasilia, Brazil May 30, 2023. REUTERS/Ueslei Marcelino By Marcela Ayres BRASILIA (Reuters) – Brazil’s government is considering reintroducing a federal diesel tax this year to pay for leftist President Luiz Inacio Lula da Silva’s plan to bring down car prices, a source with knowledge of the plan told Reuters. Former President Jair Bolsonaro’s administration last year cut diesel taxes to combat inflation ahead of the presidential race. Lula had previously said the exemption would run through the end of…

© Reuters. Small figurines are seen in front of displayed Spotify logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration (Reuters) – Spotify Technology SA (NYSE:) said on Monday it would cut 200 jobs from its podcast unit in its second round of layoffs, as the company restructures the business after years of heavy investment. The move affects about 2% of the music-streaming giant’s workforce and aligns Spotify with the likes of Meta Platforms and Roku (NASDAQ:), which have also cut jobs for the second time in response to an uncertain economy. Shares of the Sweden-based company rose about…

Source: AdobeStock / monticelllloGet your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Banking newsJPMorgan partnered with six Indian banks to settle interbank dollar transactions in real time, 24 hours a day, 7 days a week, on its blockchain-based trading platform, Onyx, Bloomberg reported. The major investment bank will run a pilot project over the coming months with HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, and JPM’s own banking unit at Gujarat International Finance Tec-City (GIFT). The blockchain project aims to expand the capacity of the…