The U.S. Securities and Exchange Commission (SEC) charged Singapore-based Terraform Labs and its chief Kwon Do-hyung with defrauding investors through “a multi-billion dollar crypto asset securities fraud,” according to a complaint filed in the Southern District of New York. See related article: South Korea prosecutors say Serbia ready to help …
Read More »For the First Time, Genetically Modified Trees Have Been Planted in a U.S. Forest
A hand-planting crew plants poplar trees in Vidalia, Ga., Feb. 13, 2023. (Audra Melton/The New York Times) On Monday, in a low-lying tract of southern Georgia’s pine belt, a half-dozen workers planted row upon row of twig-like poplar trees. These weren’t just any trees, though: Some of the seedlings being …
Read More »Tesla beats BMW as top luxury brand in U.S. for first time
It’s now official… sort of. Tesla (TSLA) has now passed BMW (BMW.DE) as the top luxury brand in the U.S., according to new car registration data compiled by Experian in partnership with Automotive News. Experian data shows among all luxury brands regardless of powertrain, Tesla had 484,351 new vehicle registrations …
Read More »U.S. stocks open down after data show stronger-than-expected wholesale inflation, fall in jobless claims
U.S. stocks opened lower Thursday as investors digested fresh data showing that weekly unemployment claims slipped and wholesale inflation climbed more than expected in January. The Dow Jones Industrial Average DJIA, -1.02% fell 0.8% soon after the opening bell, while the S&P 500 SPX, -0.93% fell 1.1% and the Nasdaq …
Read More »Gold taps its lowest price in more than 5 weeks as U.S. dollar rises
Gold prices fell on Wednesday, touching the lowest intraday level since early January, as the U.S. dollar strengthened following the release of Tuesday’s U.S. consumer price index report. The CPI data showed inflation falling only slowly, suggesting the Federal Reserve will need to raise borrowing costs further. Price action Gold …
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