The Daily Editor

 » Read more about: Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 9% Dividend Yields  »

Christian philanthropist and one-time billionaire Bill Hwang was sentenced to 18 years on Wednesday for Wall Street fraud that amounted to $10 billion in losses.

“I don’t remember a case where I had to deal with billions of dollars,” said Judge Alvin Hellerstein in Manhattan federal court, comparing Hwang’s crimes to those of Sam Bankman-Fried and Bernie Madoff.

 » Read more about: Wall Street’s Most Famous Evangelical Sentenced in Unprecedented Fraud Case  »

• Nvidia investors are expecting volatile moves in the stock after company reports earnings.
• Traders are pricing in a $300 billion, or an 8% swing, according to options data compiled by Bloomberg.
• All eyes will be on the firm’s future guidance for Blackwell,

 » Read more about: Nvidia traders are eyeing an 8% swing in the stock after the chip giant reports earnings  »

Based on key financial metrics such as the price-to-sales ratio, shareholder yield and the price-earnings ratio, the following 3 stocks made the list for top value stocks in the Energy Equipment & Services industry. Those looking for value stocks to add to their portfolio may want to use this list as a starting point for further investment research.

 » Read more about: 3 Undervalued Energy Equipment & Services Stocks for Wednesday, November 20  »

• The Dow Jones backslid another 150 points on Wednesday at its low point.
• Equity markets with little data to chew on are awaiting key earnings reports.
• Nvidia earnings are due after the closing bell, meaningful economic data starts Thursday.

The Dow Jones Industrial Average (DJIA) tested familiar lows on Wednesday,

 » Read more about: Dow Jones Industrial Average struggles to find topside momentum on Wednesday  »

Nvidia (NVDA) is set to report earnings after the bell and give investors another look at the state of AI spending. The stock is already up nearly 200% this year, and more than 2,600% in the past five years as the company’s revenues have run wild amid a surge in demand for its AI chips.

 » Read more about: Stock market today: Dow, S&P 500 eke out gains ahead of Nvidia earnings  »

• US stocks were mixed Wednesday as traders looked ahead to Nvidia’s earnings report.
• Wall Street is estimating the chipmaker will report $33 billion in revenue for the third quarter.
• Traders, meanwhile, dialed back their expectations for rate cuts after a slew of Fed speakers.

 » Read more about: Stock market today: Indexes trade mixed with Nvidia's 3rd-quarter results on deck  »

The first Future Fund chairman, David Murray, says the organisation risks investing taxpayer money in “boondoggle” projects after Treasurer Jim Chalmers directed it to prioritise investments in housing, renewable energy and infrastructure.

Mr Murray, chairman from 2006 to 2012, said Labor was interfering in the independence of the fund, and investment returns of the $230 billion sovereign wealth fund would become more vulnerable.

 » Read more about: ‘Boondoggle investments’ warning on Labor’s Future Fund changes  »

MIAMI – A grand jury indicted nine for conspiring to launder U.S. currency into cryptocurrency on behalf of drug cartels and for running an unlicensed money-transmitting business, prosecutors announced on Wednesday.

The federal indictment identified Nilson Sneyder Vasquez Duarte,

 » Read more about: Prosecutors: 9 caught laundering cash into cryptocurrency for drug cartels  »

 » Read more about: Warren Buffett: 3 Debt Rules You Should Follow if You’re Looking To Grow Wealth  »