Australia’s corporate regulator, ASIC, has filed a lawsuit against the Australian stock exchange operator, ASX Ltd, for allegedly making deceptive statements regarding the timeline for the replacement of its trading platform, Clearing House Electronic Subregister System (CHESS). ASIC claimed that ASX’s statements about the progress of the CHESS replacement project were misleading and deceptive, as
In a recent notice of violation, Elon Musk’s SpaceX has been found to repeatedly release pollutants into or near bodies of water in Texas. This notice, issued by the Texas Commission on Environmental Quality (TCEQ), specifically focuses on the company’s water deluge system at its Starbase launch facility. This violation follows a previous notice from
The currency markets were in a state of uncertainty as investors held their breath, waiting to see how U.S. economic data would affect the possibility of significant rate cuts. The dollar was hovering around 147.17 yen, showing slight volatility after reaching a one-week high of 148.23 yen. Meanwhile, the euro was at $1.0931, inching closer
General Motors recently unveiled the newly redesigned GMC Terrain crossover, showcasing a more rugged exterior design and an updated interior with advanced features. The compact crossover now boasts 26 inches of screens, including a sizable 15-inch center touchscreen and an 11-inch driver information cluster. While these new screens offer a sleek and modern look, one
Republican presidential candidate Donald Trump’s highly anticipated interview with billionaire entrepreneur Elon Musk on the social media platform X hit a snag on Monday evening. Technical difficulties plagued the live stream, preventing many users from gaining access to the scheduled event. Musk, in a post on X, cited a massive DDOS attack on the platform,
Former President Donald Trump is no stranger to legal battles, and his recent announcement of a plan to sue the Justice Department and the FBI for $115 million has once again thrust him into the spotlight. Trump’s attorney, Daniel Z. Epstein, alleged “malicious political prosecution” and “abuse of process” in a legal notice obtained by
The European Commission recently issued a warning to X Corp. owner Elon Musk and CEO Linda Yaccarino regarding the spread of illegal content, including incitements to violence and hate speech, on their social media platform. This warning comes in response to recent events in the United Kingdom and the planned broadcast of a live conversation
Blink Fitness, a popular budget-friendly gym chain owned by Equinox Group, has made headlines recently after filing for Chapter 11 bankruptcy protection. This move comes as a surprise to many, considering Blink’s widespread presence with over 100 centers across the United States. The company has joined a growing list of fitness chains seeking bankruptcy post-pandemic,
JetBlue’s decision to sell $400 million of five-year convertible senior notes resulted in a 13% decline in their stock value. This move has left investors concerned about the airline’s financial health and long-term stability. Hawaiian Electric Industries faced a significant setback as their shares plummeted by more than 16%. The utility’s inability to secure a
The U.S. stock index futures were rangebound in the evening of Sunday, showing some level of stability after experiencing wild swings the previous week. Despite initial steep losses, Wall Street managed to end the week on a mostly flat note. This was attributed to a mix of bargain buying and easing fears of a recession.