How effective are market regulations in controlling manipulations through Twitter

How effective are market regulations in controlling manipulations through Twitter

It would be no exaggeration to say that Elon Musk has a complicated relationship with Twitter. Musk’s egregiously public, and ultimately ill-fated, bid to acquire Twitter Inc. had the trappings of a reality TV show. The dramatic twists and turns of negotiating a corporate deal, which are typically confined to the boardrooms, were played out … Read more

U.S. stock market: Is it a bull, a bear, or a bull in a bear?

U.S. stock market: Is it a bull, a bear, or a bull in a bear?

The U.S. stock market‘s rebound in recent weeks has analysts and investors questioning whether 2022’s deep downturn has ended, but how to spot an expiring bear market or a new bull market is not something everyone on Wall Street agrees on. Equities have rebounded thanks to better-than-expected corporate earnings and bets the worst of soaring … Read more

Indian-origin partner at McKinsey arrested; charged with insider-trading

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Puneet Dikshit, a 40-year-old Indian-origin partner at management consulting giant, McKinsey & Company, has been arrested and charged with insider-trading and making illegal profits totalling over USD 450,000 in the US. Dikshit, a partner at a global management consulting firm, has been charged with “illegally trading in advance of a corporate acquisition by one of … Read more

Can cryptos change the fortunes of struggling asset management industry?

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The outlook for the global asset management industry, plagued in recent years by unmerciful downward pressure on fees, is starting to look brighter. With meme stocks, decentralized finance and non-fungible tokens capturing the headlines, money managers need to keep up with the zeitgeist. A new report suggests that the cryptocurrency markets offer a great opportunity … Read more

How murky legal rules allow Tesla’s Elon Musk to keep moving markets

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WASHINGTON: With his cult following, Tesla boss Elon Musk has amassed considerable power to move markets with his musings, but murky rules make it difficult for regulators to rein him in. The celebrity CEO, who boasts more than 54 million Twitter followers and has a devoted constituency on Reddit, has whipsawed the cryptocurrency market and … Read more

Largest bitcoin fund dives to record discount amid crypto swoon

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By Vildana Hajric and Katie Greifeld It keeps getting worse for holders of the Grayscale Bitcoin Trust, which is now trading at a record discount to the value of the digital assets it holds. The $35 billion fund (ticker GBTC) has lost roughly a fifth of its value since last Friday while Bitcoin tumbled from … Read more