Richard Schueler, also known as Richard Heart, defrauded investors out of millions through his Hex cryptoasset, the SEC alleged.
Category: Finance News
Francisco Partners & TPG to take New Relic private in $6 billion deal
The consortium offered $87 per share in an all-cash deal to take New Relic private on Monday.
Stocks making the biggest moves premarket: Hasbro, Adobe, GoodRx, SBA Communications and more
These are the stocks posting the largest moves in early trading.
Robinhood rival eToro agrees $120 million share sale at discounted valuation
Stock trading platform eToro agreed to a $120 million secondary share sale giving it a slightly lower valuation than the $3.5 billion it was last valued at.
A.I. is on a collision course with white-collar, high-paid jobs — and with unknown impact
Technology has disrupted many workplaces. Artificial intelligence like ChatGPT may have an outsized impact on higher-paid office jobs, experts said.
Saudi Arabia’s economic growth slows as oil cuts, price drops bite into revenues
The International Monetary Fund had dubbed Riyadh the fastest growing economy in the Group of 20 in 2022.
China’s electric car game amps up. One stock has doubled this year
Just when Chinese electric car companies may be needing the cash, foreign automakers need the market — not only in China but globally.
The fight over a bill targeting credit card fees pits payment companies against retailers
Bipartisan support for the Credit Card Competition Act has surged since it was introduced last year.
House lawmakers scrutinize pandemic-era small business tax break expert calls ‘fraught with fraud’
Scrutiny of a pandemic-era tax credit intensified this week for the employee retention tax credit. Here’s what it means for small businesses.
Why substituting cryptocurrency for gold exposure may be a costly mistake
State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s largest gold ETF, gives his bull case for the precious metal.