Ex-Wall Street exec allegedly diverted millions from casino startup to fund personal gambling, crypto trading
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Michael Lee Strategy founder Mike Lee and Banrion Capital Management CEO Shana Sissel analyze rising investor interest in cryptocurrencies, stocks and bond futures and California’s real estate market.
Richard Kim, formerly a top banker at JPMorgan Chase and Goldman Sachs, was indicted on securities and wire fraud charges for allegedly diverting nearly $4 million in investor funds from his casino startup to finance his personal gambling and cryptocurrency trades.
Read MoreUS employers slash hiring as Trump advances a punishing trade agenda
WASHINGTON — U.S. hiring is slowing sharply as President Donald Trump’s erratic and radical trade policies paralyze businesses and raise doubts about the outlook for the world’s largest economy.
U.S. employers added just 73,000 jobs last month, the Labor Department reported Friday, well short of the 115,000 expected.
Worse,
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Read More‘Most Economists Don’t Agree With Us’ Admits Trump Trade Chief as Costs Climb
Dr. Mehmet Oz, Administrator of the Centers for Medicare and Medicaid Services, disparaged “able-bodied” Medicaid recipients, alleging they spend hours each day watching television or engaging in other “leisure-time” activities instead of pursuing what he called their God-given desire to change the world. He asked why anyone would question the government would not want to get people to be wealthy.
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Read MoreUS Spot Ethereum ETFs Now Control Over 5% of ETH Supply
Ethereum continues to make waves in the cryptocurrency market, and recent data reveals a significant development: U.S.-listed spot Ethereum exchange-traded funds (ETFs) now hold more than 5% of the total Ethereum (ETH) supply. This milestone indicates increasing institutional interest in Ethereum and could have a substantial impact on the cryptocurrency’s market dynamics.
Ethereum ETFs: A Growing Trend
Spot Ethereum ETFs allow investors to gain exposure to Ethereum without directly purchasing or holding the cryptocurrency.
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Read MoreThe Burst
1 Odd Stock Set To Skyrocket?
Oddity Technology, a company at the intersection of consumer artificial intelligence, beauty, wellness, and now, even biotechnology, has largely flown under the radar but perhaps not for much longer. That’s because, unlike many AI stocks, Oddity isn’t growing like a weed at the expense of hefty losses.
Instead it’s reported soaring revenues and turning the bottom line positive in the process.
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Read MoreThe Ivy
The Next Trillion Dollar Company Is…
What company in the United States generates revenues and profits that rivals big tech companies but is valued at less than half of most of them? The answer turns out to be Warren Buffett’s Berkshire Hathaway.
Last quarter alone, Berkshire Hathaway generated an astonishing $89 billion in revenues and reported $17 billion in operating income.
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