Author: IA PressRoom

Adobe Stock / Rafael Henrique – Avraham Eisenberg to Stand Trial in December for Mango Markets Crypto ScamAvraham Eisenberg, a trader accused of manipulating the decentralized exchange Mango Markets in a massive multi-million dollar scam, is slated to stand trial on Dec. 4 in New York.The scam was carried out on October 11, 2022, with Mango Markets tweeting at the time that a hacker had manipulated the platform’s price oracle, resulting in a loss of approximately $110 million.The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have both brought charges against him.Eisenberg has been accused…

TOKYO — The Bank of Japan kept its ultra-low interest rates unchanged Friday, affirming Gov. Kazuo Ueda’s policy of trying to nurture sustainable inflation. The BOJ decided to maintain its cap on the 10-year Japanese government bond yield at 0.5% and kept short-term interest rates at minus 0.1%. The yield on 10-year JGBs has been stable under…

President Biden stepped on the South Lawn of the White House on Thursday not to meet a foreign dignitary or sign a bill, but to celebrate a sort-of-true story about Flamin’ Hot Cheetos.The president and Jill Biden, the first lady, were on hand for a screening of “Flamin’ Hot,” a new film about Richard Montañez, who worked as a janitor at Frito-Lay and rose through the ranks, eventually becoming a marketing executive.Mr. Montañez also claims to have invented the spicy, finger-staining snack — but a Los Angeles Times investigation found that he very likely did not.In any case, the Bidens and Eva Longoria, the…

© Reuters. FILE PHOTO: The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Micron (NASDAQ:) said on Friday it will invest 4.3 billion yuan ($602.77 million) in a Chinese factory in the city of Xian over the next few years. In a statement, the company said it has decided to aquire equipment belonging to Chinese chip company Powertech Technology based in Xian city. ($1 = 7.1337 renminbi) (Reporiting by Beijing newsroom; Editing by Muralikumar Anantharaman)

5/5 © Reuters. People wait for bus near a billboard of JD.com advertisement for the “618” shopping festival, in Beijing, China June 12, 2023. REUTERS/Tingshu Wang 2/5 By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s e-commerce platforms are competing fiercely in the country’s first major shopping festival after the pandemic, offering steep discounts to entice frugal consumers in more worrying signs for an economy struggling to build momentum. The 618 festival, named after the founding date of JD (NASDAQ:).com but embraced by all platforms and running from late May until June 18, is a key test of household…

© Reuters. Investing.com– Oil prices moved little on Friday and were set to close flat after a volatile week, as markets weighed optimism over robust demand in top crude importer China against uncertainty over more U.S. interest rate hikes. China optimism helps crude reverse recent losses  Crude prices rallied on Thursday, recouping recent losses after data showed that refinery throughput in China rose 15.4% in May from the prior year, its second-highest level on record.  A series of interest rate cuts this week also boosted hopes for a Chinese economic recovery, which some market players have forecast will push crude…

jittawit.21 Barclays initiated coverage of Moonlake Immunotherapeutics (NASDAQ:MLTX) with an equal weight rating, stating that the stock’s value hinges in part on the biotech’s ability to differentiate its drug candidate sonelokimab, or SLK, from a competing product. The investment bank said that while it believes SLK shows promise in treating the skin condition hidradenitis suppurativa, or HS, MLTX’s value is largely tied to how much it can be differentiated from UCB’s bimekizumab, also known as bime. MLTX’s value also hinges on the size of the underlying HS market and the opportunity to expand into other indications such as psoriatic arthritis,…

A convicted terrorist financier serving a 30-year sentence in U.S. federal prison was recently released under the First Step Act after serving only 23 years, and said he “would be proud” to send money again to the same terrorist organization he was convicted of providing support to.Mohamad Youssef Hammoud, a Lebanese national who illegally immigrated to the U.S. in 1992, was convicted in 2002 of providing material support to Hezbollah, a Lebanon-based militant group that the State Department designates a terrorist organization, among a number of other charges.Hammoud was initially sentenced to 155 years in prison, but the punishment was…

The ex-head of privacy at dating app Grindr filed an explosive lawsuit against his former company. Former Chief of Privacy Ron DeJesus said top executives ignored multiple warnings about user data. De Jesus claimed in the lawsuit that user data was stored after accounts were deleted, and shared with third parties. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The former head of privacy at LGBTQ+ dating and social networking app Grindr has accused the company of callously ignoring the app’s storage and sharing…

© Reuters. Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/ FILE PHOTO By Rae Wee SINGAPORE (Reuters) – The yen languished near a 15-year low against the euro and around a seven-month trough against the dollar on Friday, ahead of a closely-watched policy decision by the Bank of Japan, where it is set to stay ultra-dovish in the face of its hawkish peers. The euro was poised for its best week since November after a hawkish European Central Bank (ECB) signalled further rate hikes to come, after raising borrowing costs to…