US SECURITIES AND EXCHANGE COMMISSION
South Korea fines 15 brokerages, banks $1.2 billion for bond auction collusion
South Korea’s Fair Trade Commission fines 15 banks and brokerage firms a combined 1.6 trillion won ($1.2 billion) for colluding in 150 government bond auctions between 2020 and 2023. Institutions allegedly shared confidential bidding information, coordinated yields and volumes, distorted market competition and influenced government bond yields.
US SEC seeks to close Elon Musk, Tesla settlement fund
In a filing in Manhattan federal court, the SEC asked a federal judge to close the Fair Fund, created after Musk settled the SEC case in 2018 charging him with securities fraud for posting on August 7, 2018, that he had "funding secured" to potentially take Tesla private.
Anthropic targets $90 billion IPO at $1.4 trillion valuation
Anthropic PBC is preparing for an initial public offering aiming for a fully diluted valuation of $1.4 trillion. The company plans to raise up to $90.4 billion, including a private placement with major investors. It has reported a revenue run rate of $81 billion, showcasing significant growth in recent months. The IPO is scheduled to price on November 18 and begin trading the next day.
Iran's top security official says no talks underway with US
Iran's top security official Mohsen Rezaei has said Tehran and Washington are not holding any negotiations, denying reports of ongoing diplomatic engagement between the two countries.
Anthropic eyes $1.4 trillion valuation in blockbuster IPO, targets up to $90.4 billion in fundraising
Anthropic is targeting a fully diluted $1.4 trillion valuation through its proposed IPO, seeking up to $64.35 billion. Combined with a $26 billion private placement, fundraising could reach $90.4 billion amid rising infrastructure costs and competition.
Trump envoys bring Russia and Ukraine together for first peace talks in 9 months
Russian and Ukrainian officials recently convened in Abu Dhabi for the first US-brokered talks since February. US envoy Jared Kushner indicated that both sides have narrowed their differences but remain far apart on terms. Ukrainian officials emphasized the need for security guarantees and lasting peace to end the conflict. Russian Foreign Minister Sergei Lavrov expressed a preference for broader European security talks first.
US aircraft evacuated from second UK base due to Iran threat, WSJ reports
US military officials evacuated aircraft from RAF Mildenhall amid a threat linked to Iran. Two refueling tankers were diverted to Germany after security concerns arose. Several additional tankers were moved to various sites throughout the day. This action followed an incident involving five arrests near RAF Fairford that prompted the withdrawal of US bombers. The exact nature of the current threat remains under discussion among US officials.
Anthropic plans IPO live stream with Dario Amodei, JPMorgan CEO Jamie Dimon
The meeting is part of the marketing effort for Anthropic’s potentially record-breaking IPO. The offering is expected to formally begin marketing as soon as early Tuesday ahead of pricing and the Nasdaq debut of its shares before the US Thanksgiving holiday, Bloomberg has reported.
Anthropic plans IPO live stream with Amodei, JPMorgan CEO Dimon
Anthropic PBC is preparing for a live-streamed event featuring CEO Dario Amodei and JPMorgan Chase CEO Jamie Dimon. This event is aimed at marketing their upcoming initial public offering, which might break records. The IPO is set to begin marketing shortly and is planned to debut before the Thanksgiving holiday. Anthropic is targeting an offering size similar to SpaceX's IPO, which raised significant funding.
After saying deportation policy was too tough, Trump now says it's 'very strong,' rejects 'amnesty'
The comments from Trump came after Homeland Security Secretary Markwayne Mullin earlier Monday also said that while he has been fielding calls from Democrats interested in working on immigration policy, he was adamantly opposed to any deal that would include amnesty.
Trump administration's embrace of "perp" futures sets off risk alarms for Wall Street stalwarts
The decision by the Trump administration to launch perpetual futures has sparked significant worry among market stakeholders. Leaders from established exchanges contend that these offerings might disrupt existing market dynamics and risk assessment practices. They claim that perpetual futures ought to be categorized as swaps due to their unique trading characteristics. Moreover, ongoing trading raises alarm about liquidity and counterparty risk, especially in turbulent market conditions.
Bitcoin-BTC, Ether Prices crash to lowest since August: Why are Cryptocurrencies down?
Bitcoin-BTC, Ether and Cryptocurrencies were down after US midterm election results stoked fears that a Democratic Party-controlled US Congress will toughen regulation on the asset class.
Gas prices in the US are nearly half of Europe's: Why are American drivers paying so much less?
American motorists are currently paying much less for fuel compared to drivers in the European Union. The average petrol price in the EU is almost double that of the US, highlighting significant market differences. Higher taxation in Europe contributes to this price discrepancy, making it important for consumers to understand. Diesel costs also reflect a noticeable difference, though the gap is smaller than for petrol.
Sebi relaxes cash market settlement rules for mutual funds
Securities and Exchange Board of India has permitted mutual fund schemes to net fund obligations. This new regulation is set to come into effect starting April 1, 2027. It allows net settlement of funds at the individual scheme level while maintaining gross settlement for securities. Fund obligations cannot be adjusted across different schemes, and inter-scheme funding remains prohibited. Proceeds from outright sales must be funded separately for non-outright obligations.
Why did the ETF betting against Jim Cramer’s stock picks shut down in less than a year?
The Inverse Cramer Tracker ETF launched in March 2023 with a strategy built around betting against Jim Cramer’s stock recommendations. But the fund lost 15%, attracted just $2.4 million in assets and faced closure less than a year later. Here’s why the unusual ETF shut down.
Stockal scam: Trading platform says unauthorised third party accessed customer accounts
Stockal has disclosed that unauthorized trading practices impacted 13 client accounts, resulting in notable financial losses. Investors claim their assets were liquidated without consent, redirecting funds towards unauthorized transactions. An investigation revealed there was no compromise within Stockal's systems; however, it points to a likely social engineering incident. Affected investors have reached out to regulatory bodies in India and the U.S.
Binance hack exposes limits of crypto exchanges’ emergency shutdown controls
Binance is calling it a “sophisticated, multi-stage campaign” and “not a single isolated breach or a simple phishing incident.”
Anthropic revenue up 12x in Q3, commits $895 billion spending
Anthropic has reported a remarkable twelve-fold increase in quarterly revenue, reaching nearly $17 billion. The company plans to invest over $895 billion in future computing infrastructure and costs. Despite substantial revenue growth, Anthropic faces a $23.3 billion net loss in the last quarter due to rising expenses. Additionally, AI pricing pressures have impacted revenue growth, resulting in lower earnings.
US SEC's top cop says agency is monitoring AI corporate disclosures
Big Tech stocks sold off this week as companies disclosed they are burning through cash to fuel their AI expansion at a time when interest rates are rising, raising questions about the sustainability of AI spending.
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