With stocks in rally mode from the June lows, top execs are dipping their toes back into markets in what may be a bullish indicator for investors. New data from Sundial Capital Research shows that insider buying by corporate executives — often viewed as a positive indicator for equities markets […]
Finance
Activist Ralph Nader urges regulators to recall Tesla’s self-driving technology
The man who forever changed vehicle safety standards in the U.S. has a scathing new message for Elon Musk and Tesla’s self-driving car technology: He thinks it’s dangerous, and regulators should get involved. Musk has been touting self-driving cars as the next big thing for years, saying in 2015 that […]
Second quarter earnings have been solid. Energy gets all the credit.
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, August 12, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]
China State-Owned Giants to Delist From US Amid Audit Spat
(Bloomberg) — Five of China’s largest state-owned companies announced plans to delist from US exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of Chinese businesses. Most Read from Bloomberg China Life Insurance Co., PetroChina Co. and China Petroleum & Chemical Corp. […]
Binance recovers the majority of funds stolen from Curve Finance
Crypto exchange Binance has recovered a big part of the funds from the recent hack that targeted the decentralized finance (DeFi) protocol Curve Finance. In a tweet, Binance CEO Changpeng Zhao announced that the exchange has frozen and recovered $450,000 of the stolen assets, which is more than 80 percent […]
Powell Needs to Speak Up to Stop Ill-Fated Market Rally, Strategist Says
(Bloomberg) — Principal Global Investors’ Seema Shah is no stock market bull but says the rally that erupted Wednesday may continue until the head of the Federal Reserve steps up and stops it. Most Read from Bloomberg “The market is underestimating the risks out there,” the firm’s chief strategist said […]