Alex Chriss
PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay
PayPal added nearly $4 billion to its market value after a pledge to turn “leaner” fired up investors.
Ben Laidler
Bitcoin hits two-month high above $30,000 in volatile week
Bitcoin jumped on Friday above $30,000 for first time since July, taking gains for the week past 10%.
Alex Spiro
Elon Musk’s Twitter stock purchases under probe by SEC
Billionaire Elon Musk is under investigation by the U.S. Securities and Exchange Commission over his 2022 purchase of social media giant Twitter
brooke mallory
SEC charges former Pfizer employee for insider trading
The U.S. Securities and Exchange Commission has now charged a former Pfizer employee with alleged insider trading after he gained 2,458% by buying out-of-the-money call options one day before the company’s Paxlovid drug announcement.
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JP Morgan fined for deleting 47 million emails
JP Morgan Chase will pay a $4 million fine to the U.S. Securities and Exchange Commission (SEC) to settle allegations that the bank accidentally deleted about 47 million emails dated from January until April 2018.
Biden Administration
Nunes: Securities agency treatment of Truth Social is ‘a major scandal’
Devin Nunes tells One America News that SEC chairman Gary Gensler and the Biden administration are likely trying to cancel Truth Social by indefinitely delaying the platform’s ability to raise funding in the capital markets.