A pizza and $1,000 please… Retail brokerage firm Robinhood is reportedly partnering with Gopuff to deliver cash to customers’ doors for a fee, raising investor concerns about costs, security, regulation, and strategic focus.
Beyond belief… Beyond Meat stock is down over 99% from its 2019 peak.
Just an oversight… FINRA fined Ally Invest Securities $850,000 for failing to preserve 22.6 million business-related electronic communications from 2016-2022 due to system errors and weak supervision and hindering responses to regulatory requests.
“I like smoke and lightnin’, heavy metal thunder”!!! Major financial institutions such as Morgan Stanley are acquiring platforms like EquityZen – Wall Street is racing to dominate the pre-IPO and private markets as companies delay public offerings and investor demand for early access surges.
And you thought she was just a pop star!!! Citi and SWIFT successfully completed a trial demonstrating payment-versus-payment (PvP) settlement between fiat and digital currencies by augmenting existing SWIFT rails with blockchain orchestration and an escrow layer.
If at first you don’t get punished… Eli Weinstein was sentenced to a new 37-year federal prison sentence for orchestrating a fresh multimillion-dollar Ponzi-style fraud shortly after his earlier sentence had been commuted by President Trump in 2021.
Cash is trash??? EU law will take effect in July 2027 requiring states to cap business cash payments at €10,000 and impose due-diligence checks on cash transactions from €3,000, while digital-euro legislation remains under negotiation.
But what do they know??? Berkshire began buying Apple stock in 2016 when it traded at 10X earnings and 2X sales but has been selling recently as it trades at 36X earnings and 9.5X sales – reflecting a massive valuation expansion.
“When a man cannot look upon himself, he cannot look upon truth”… Lenders ultimately suffered near-total losses on Renovo Home Partners’ private loans, yet many (including BlackRock) were still marking those loans at 100 cents on the dollar just weeks before Renovo collapsed into bankruptcy.
I could have done this, but I didn’t feel like it… Physicists at the University of Rochester engineered metamaterials to make a light pulse appear faster than light by altering the effective speed of light locally, which does not violate relativity because nothing with mass actually moves faster than light through space.
“When you make investing a game, you invite gamblers – and wherever gamblers go, fraud follows”… New SEC Chair Paul Atkins said it will develop a new token taxonomy under the “Howey” framework, stating that most current tokens are not securities, some may convert from securities to non-securities as networks decentralize, and strict fraud enforcement will be vigorously pursued.
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