FBI creates fake cryptocurrency in sting operation to catch market manipulators
In brief: The FBI is known for elaborate sting operations, but its recent takedown of an alleged group of fraudsters working the crypto market was particularly innovative because it created its own token as part of the ruse. This operation marks a significant step in law enforcement efforts to combat criminal behavior in the rapidly evolving cryptocurrency space.
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Read MoreUber, Lyft shares jump after Tesla’s ‘toothless’ robotaxi reveal
UBER Technologies and Lyft have climbed in early trading, after Tesla’s Elon Musk offered few details on the carmaker’s plans for a self-driving vehicle service that could compete with ride-hailing.
Uber’s stock jumped as much as 5.4 per cent and Lyft’s advanced up to 3.7 per cent in premarket trading on Friday (Oct 11),
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Read MoreUber and Lyft Get a Pop From Tesla Robotaxi Day
Tesla stock was lower following its Robotaxi event. Shares of the ride-hailing companies Uber and Lyft, however, were getting a boost.
There are a couple of seemingly contradictory reasons why.
“The Tesla event, although hyped, still lacked plenty of details and a believable timeline,” wrote Melius Research analyst Conor Cunningham.
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Read MoreStock Futures Rising With Tech Leading the Charge After TSMC Earnings Beat
U.S. stock futures were pointing to a session of gains for tech on Thursday as a strong set of results from chip maker Taiwan Semiconductor Manufacturing Co. gave the market reason to believe the artificial intelligence investing frenzy will continue.
The Nasdaq 100 looked set to be the best performer of the three blue-chip U.S.
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Read MoreThe Burst
The Ivy
1 No Brainer Apparel Stock To Buy
The Canadian-American apparel manufacturer Lululemon Athletica looked to be a model success story for the fast-growing clothing sector at the end of 2021. The company saw its share price hit an all-time high of $485 in November, having already risen 390% since 2017.
As its store footprint grew to 552 outlets, the business also thrived,
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