Markets

A federal court in Ohio has ordered Jared Davis to pay $561,971 in restitution to the victims of a fraudulent scheme. Davis is the mastermind of a $10 million binary options scam. The individual operated fraudulent binary options brands: Option...

The US Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank under receivership. Reports on this development sent FRC's shares tumbling, dropping by over 43% on Friday. FDIC could place First Republic Bank under receivership The FDIC...

Two of the largest oil companies in the US, Exxon Mobil Corp and Chevron Corp, have been making solid revenues from their booming oil and gas operations. However, the two companies are now conflicted on their next steps to sustain...

A retail forex and contracts-for-difference (CFD) broker and retail banking provider based in Switzerland has released its annual report for the 2022 financial year. In this report, the brokerage company has reported the second-highest profit in the company's history. Dukascopy...

Zodia Custody, a cryptocurrency custody platform created by Standard Chartered towards the end of 2020, raised $36 million in a Series A funding round. The funding round attracted the participation of many investment companies, including the venture capital division of...

Monex Group, based in Japan, has released its financial results for the 2023 financial year. The results show a notable drop in revenue and profitability annually. In the results, the company reported a significant growth in US profitability while the...

The CME Group has released its results for the first quarter of 2023. The derivatives marketplace reported revenues of $1.4 billion during the first three months of 2023. The reported revenues during the quarter were the second-highest quarterly revenues reported...

The UK Financial Conduct Authority has reported "gaps in surveillance" among companies offerings contracts for difference (CFD) products. The FCA addressed these gaps in market abuse and manipulation in the latest market abuse peer review or Market Watch. FCA reveals...

XTB, one of the largest online trading platforms, has reported strong results for the first quarter of 2023. The broker had a consolidated net profit of EUR 64.4 million in Q1 2023, a 19.9% year-over-year increase. XTB reports record profits...

Google’s parent company, Alphabet, plans to buy back $70 billion worth of stock. The buyback plan also comes after the company released its profits and revenue for the first quarter, which topped estimates. The company also reported increased demand for...

A senior executive at one of the largest banks in the United States, Citigroup, has resigned after reports of his meetings with Jeffrey Epstein. The executive in question, Paul Barrett, had resigned from the bank a few days after media...

Russian President Vladimir Putin has signed a decree seizing temporary control of the Russian assets belonging to two foreign energy companies. The move signals that Russia could take the same action against other companies if necessary. Russia seizes assets of...

JBS USA has terminated its contract with a US company that was fined for hiring kids to clean meat plants. The company announced the termination of this contract on Monday, adding that some of its work was brought in-house to...

SpaceX has obtained approval from the US Space Force to lease a second rocket launch complex at a military base located in California. With this approval, the space company has secured its fifth launch site in the US. SpaceX gets...

First Republic Bank revealed that its deposits dropped by over $100 billion during the first quarter of 2023 as the lender explored options to restructure its balance sheet. Despite the significant decline in deposits, the bank’s profits surpassed expectations. First...