Dec 9, 2023

SEC Says Its Binance Case Should Advance Despite DOJ Settlement UK Pushes to Delink Supermarket Supply Chains From Deforestation Biden Says Jobs Numbers Should Deter More Fed Rate Hikes Australia to Keep Pressing China on Removal of Trade Impediments Data Firm Near Intelligence Files for Bankruptcy Months After Going Public Via SPAC TSX recap: Index up slightly on strength in energy, base metals Bluebird Falls After Sickle-Cell Gene Therapy Gets FDA’s Strictest Warning Rabobank Can’t Use ‘Generous’ Loan to Force Coffee Trader Mercon to Liquidate Argentina Rally Put to Test as Challenges Await Milei Honeywell to Buy Carrier Security Business for About $5 Billion Signa Development Says Insolvency Filing Likely in Near Term The Week Ahead: U.S. rate decision, Macklem speech Stock Faithful Ride $7 Trillion Rally as Market Timing Backfires JPMorgan Expects Stocks Volatility to Climb in 2024 Chinese Amusement Park Operator Falls 90% a Month After Hindenburg Short Hedge Funds Held Big Bet Against Yen in Days Before Its Surge Microsoft’s Answer to OpenAI Inquiry: It Doesn’t Own a Stake Markets today: Stock bulls score longest weekly win since 2019 JPMorgan Faces Hurdles in Bid to Form Private Credit Syndicate Ottawa shares figures on FHSA uptake as contribution deadline approaches Beware of debt relief scams that offer 'pie-in-the-sky promises' Dale Jackson: 4 tax-saving dates to mark on your 2024 investment calendar What are the tax implications for Giving Tuesday? Canadians lose financial confidence amid economic concerns: index Inflation, longer sales season weigh on shopping habits this Black Friday Canada's high court to rule if bankruptcy wipes out court-ordered fines in B.C. case Influx of seniors who stay in family home face ballooning borrowing costs: Dale Jackson Thrifting, regifting and bargain hunting: The etiquette of gift-giving on a budget Do your research for Black Friday, because not every deal is a good one, experts warn Young professionals more likely to discuss salary with colleagues: survey Top 1% of tax filers saw incomes rise by almost 10% in 2021: Statistics Canada Kids should learn financial literacy in school over 'parallelograms and rhombuses': author Ottawa extends deadline for Underused Housing Tax Financial advice from AI may be educational but not holistic, experts say Women less likely than men to request a raise, negotiate salary: surveys Timing, patience key to nabbing affordable concert, sports resale tickets: fans Many Canadians 'uncomfortably close to broke': MNP It’s never too early to think about tax-loss selling: Dale Jackson Private Equity Is Under a Congressional Probe Over Hospital Failures Homeowners who renewed in 2023 pulled back on spending: TD report California Projects $68 Billion Shortfall on Income-Tax Plunge CPI Property Pushed Back Against Accusations by Short Seller Muddy Waters Trump Lawyer Says NY ‘Terrified’ of Expert Saying Deutsche Bank Wasn’t Duped Country Garden’s Chair Says Confident in Repairing Balance Sheet Time's up for some short-term rentals in B.C., as new housing rules transform scene UK Households More Upbeat on Inflation and Rates Peaking Vietnam Wins Credit-Rating Upgrade From Fitch on ‘Robust’ FDI Embattled SBB Hit With New Demands From US Hedge Fund Fir Tree Key UK Mortgage Rate Drops Below 6% for First Time Since June The Job Market Is Catching a Cold: The London Rush Ex-Turkish Central Banker’s Rate Policy Haunts Him at New Role Swedish Housing-Price Decline Confirmed by Broker Data Wanda Sweetens Offer to Mall Unit’s Backers to Delay Repayment RBA Says Increased Financial Stress Unlikely to Impact Stability UK’s ‘Bank of Mum & Dad’ Typically Gives £25,000 for Property Open House: Hong Kong's Property Downturn May Yet Save Century-Old Townhouse Distressed Debt Firm SC Lowy Finds China Credit ‘Uninvestable’ Hong Kong’s Stock Slump Triggers Wave of Brokerage Closures SEC Says Its Binance Case Should Advance Despite DOJ Settlement UK Pushes to Delink Supermarket Supply Chains From Deforestation EU Strikes Deal to Regulate ChatGPT, Other AI in Landmark Act Nikki Haley Gets $4 Million From Koch-Backed Group for Campaign Guatemala Prosecutors Claim Presidential Election Is Invalid Amazon Seeks Dismissal of FTC Antitrust Lawsuit Data Firm Near Intelligence Files for Bankruptcy Months After Going Public Via SPAC OpenAI Picks WilmerHale Lawyers for Altman Firing Investigation Fox News Seeks to Toss Fired Producer’s 2020 Election Coverage Suit Bluebird Falls After Sickle-Cell Gene Therapy Gets FDA’s Strictest Warning Southwest Flight Attendants Vote to Reject Contract Agreement Rabobank Can’t Use ‘Generous’ Loan to Force Coffee Trader Mercon to Liquidate Argentina Rally Put to Test as Challenges Await Milei DraftKings Sued Over Its ‘Deceptive’ $1,000 Bonus Bet Offer Honeywell to Buy Carrier Security Business for About $5 Billion Signa Development Says Insolvency Filing Likely in Near Term Stock Faithful Ride $7 Trillion Rally as Market Timing Backfires JPMorgan Expects Stocks Volatility to Climb in 2024 UK Pushes to Delink Supermarket Supply Chains From Deforestation Australia to Keep Pressing China on Removal of Trade Impediments Rabobank Can’t Use ‘Generous’ Loan to Force Coffee Trader Mercon to Liquidate Hedge Funds Held Big Bet Against Yen in Days Before Its Surge Harpoon Ventures Raises $125 Million for Early-Stage Startups US Oil Producers to Slow Capital Spending in 2024, Evercore Says Endeavor Energy Explores Sale for as Much as $30 Billion, Reuters Says Hess-Chevron Merger Path Muddied as Traders Weigh Guyana Risk Pemex Refinances About $8.3 Billion in Debt Amid Cash Crunch Starbucks Looks to Resume Union Talks, Seeks Contracts in 2024 Anglo American Plans Deep Production Cuts to Save Cash Next Year Oil Consumers Pounce on Futures Slump to Lock in Cheaper Barrels EU Reaches Deal to Enable Nations to Ban Russian LNG Imports Germany’s RWE to Win EU Approval for €2.6 Billion Coal Phase Out Aid Nikola Slides After Share and Convertible Bond Sale Prices OPEC Urges Members to Reject Targeting of Fossil Fuels at COP28 Wages in US Shale Patch Climb Above $44 an Hour in Fresh Record US Diesel to Flood Into Europe Even as Flows From the East Slide IDB Invest Flexes Financing War Chest Ahead of Capital Increase Survey finds Canadian firms plan to hire in 2024 OSFI stability buffer hike could hurt bank profits, dividends: analyst The Daily Chase: Earnings from Lululemon, Canada Western Bank Mild recession could quickly get worse without rate cuts: experts Food inflation: 2024 will bring slower grocery price growth, report says Bank of Canada says immigration curbs long-term inflation Is a soft landing possible after this rate-hike cycle? What does a rate hold mean for bonds and equities? Bank of Canada holds rates, wants more progress on inflation Renters at disadvantage amid high interest rates: experts Most Canadians want more federal spending on health care, housing: poll Here's when experts think interest rates might come down Statistics Canada reports $3B merchandise trade surplus for October READ: The Bank of Canada's statement on its latest rate decision UPDATED: A timeline of Bank of Canada rate hikes Bitcoin has surpassed US$41,000 for the first time since April 2022. What's behind the price surge? Workers raise the bar: 2023 was a year of wage gains marked by high-profile strikes Canada must encourage more foreign investment: former RBC CEO Next six months 'will be quite a challenge': Desjardins CEO US Lawmakers Demand Harvard, Penn, MIT Presidents Be Removed EU Strikes Deal to Regulate ChatGPT, Other AI in Landmark Act Biden Says Gun Violence Is ‘Epidemic’ in Wake of UNLV Shooting Nikki Haley Gets $4 Million From Koch-Backed Group for Campaign Guatemala Prosecutors Claim Presidential Election Is Invalid Republican Party Loosens Rules to Allow More Presidential Debates Trump ‘Gag Order’ in DC Election Case Largely Upheld on Appeal NY Ban on Guns at Parks, Sports Venues, Protests Upheld by Court EU Takes Another Run at AI Rules Deal After Marathon Negotiation Alberta Panel Studying Canada Pension Split Pauses Meetings China Proposes Cut to Transaction Fees on Funds to Boost Market Putin Declares Wartime Reelection Run at Meeting With Soldiers EIB Holds Key Financing Role in Rebuilding Ukraine, Calvino Says Chevron Faces New Risk in Venezuela as Maduro Threatens Guyana Germany Labels Third AfD Regional Chapter Right-Wing Extremist Ukraine Backs Changes to Anti-Corruption Law Sought by EU Labour Reviews UK Finance Sector to Help City Firms ‘Thrive’ Trump Lawyer Says NY ‘Terrified’ of Expert Saying Deutsche Bank Wasn’t Duped Adani Critic Mahua Moitra Gets Ousted From Indian Parliament on Ethics Breach SEC Says Its Binance Case Should Advance Despite DOJ Settlement EU Strikes Deal to Regulate ChatGPT, Other AI in Landmark Act Amazon Seeks Dismissal of FTC Antitrust Lawsuit Data Firm Near Intelligence Files for Bankruptcy Months After Going Public Via SPAC OpenAI Picks WilmerHale Lawyers for Altman Firing Investigation Microsoft’s Answer to OpenAI Inquiry: It Doesn’t Own a Stake Harpoon Ventures Raises $125 Million for Early-Stage Startups Crypto Altcoins Are Outperforming With Bitcoin ‘Gravitating’ Toward $50,000 EU Takes Another Run at AI Rules Deal After Marathon Negotiation Intel, J&J and Fiscal Discipline Help Costa Rica Outpace Region Microsoft’s Partnership With OpenAI Facing UK Scrutiny Google Takes Aim at the EU’s ‘Flawed’ Ad Tech Break Up Threat Microsoft's OpenAI Investment Risks Scrutiny from US, UK Regulators Sotheby’s Ditches IPO Strategy After Picking Bankers Tesla’s Dojo Supercomputer Team Loses Another Key Member ECB Gets New Powers From EU Over Climate, Crypto Bank Risks Delivery Hero, Peers Are Stuck in a $50 Billion Rut Shadow-Fleet Tanker With Venezuela Oil Grounds Near Singapore Phillips 66 Failed to Report Big Gas Release Spotted From Space The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. GMO’s $8 Billion Fund Beats S&P 500 Even Without Nvidia, Tesla Bursting of Pandemic-Stock Bubble Fuels Big Wave of ETF Closures Robinhood Launches Commission-Free Crypto Trading App in Europe Muni Bond Funds Posed for 20% Gains Even After November’s Surge Beaten-Down Stocks Get Some Revenge After Big Tech’s 2023 Rally Bitcoin’s Rally Burns $6 Billion for Short Sellers Options Traders Are Setting Their Sights on Bitcoin at $50,000 by January Israel Says It Found No Trade Abnormalities Before Hamas Attack Bitcoin’s ‘Jet-Fueled’ 16% Six-Day Jump Takes Token Past $44,000 Taiwan’s Big China ETF Bust Shows Extent of Financial Decoupling Bitcoin Holds Near $42,000 as Rally Weathers Retreat in Equities Gold Edges Higher After Swinging Dramatically on Fed Rate Bets Gold Retreats From Record High as Fed Pivot Bets May Be Overdone Bitcoin Hits $40,000 Level for the First Time Since May 2022 India Boosts Emerging Market ETFs as US Yields Dip, Dollar Falls Bitcoin Hype Machine Kicks Into Overdrive While Cryptocurrency Surges Past $42,000 Gold Retreats From Record High as Fed Pivot Bets May Be Overdone Wall Street Wisdom on Who Sells in a Market Crisis Gets Debunked Spot Gold Rises to Record on Dovish Fed Remarks MLS Cup the winning goal in record-breaking season for soccer in North America The debate continues over sports betting advertising in Canada North America’s oldest sport catches momentum in new professional locales Jump serving women’s volleyball into the spotlight How Vegas suddenly became a rockin’ sports town World Series breakthrough for teams’ business Shane Pinto suspension the result of a regulated gambling market that works, say industry insiders Canadian Football League fanatics fuel financials What’s next for private equity investment in professional sports? Canada’s Davis Cup team finding love Impact of Jersey Ads on the NHL Promising Puck Drop for PWHL Betting on Women's Sports is on the Rise NHL expands market to Oz ‘Tis the Season for Selling Sports Books Television deals, ratings generate record-setting NFL revenue Playing for global basketball and sponsorship glory Awareness still at disadvantage in decades-long battle for tennis pay equity FanDuel, Rivalry deliver something new for betting customers Chris Strohm, Bloomberg News Changpeng Zhao, chief executive officer of Binance Holdings Ltd., center, exits federal court in Seattle, Washington, US, on Tuesday, Nov. 21, 2023. Zhao pleaded guilty to anti-money laundering violations and agreed to pay a $50 million fine Tuesday under a sweeping deal worked out with the Justice Department designed to keep the company operating. Photographer: Chloe Collyer/Bloomberg , Bloomberg (Bloomberg) -- The Securities and Exchange Commission says Binance Holdings Ltd.’s recent $4.3 billion settlement with the Justice Department and other US authorities bolsters its own case against the world’s biggest crypto exchange. Despite not being part of the agreement, the SEC argued on Friday that the federal court in Washington hearing its case should weigh admissions by Binance and the firm’s former chief executive, Changpeng Zhao, in the Nov. 21 settlement. The firm and Zhao have asked the court to dismiss the SEC’s lawsuit. Read More: Crypto Exchange Binance, CEO Zhao Ask Court to Dismiss SEC Suit Representatives for Binance and a defense lawyer for Zhao didn’t immediately respond to emailed requests for comment. Binance’s record settlement with the US government wrapped up yearslong investigations by Justice, multiple arms of the Treasury Department and the Commodity Futures Trading Commission. The agreement didn’t include the SEC, which sued the exchange and Zhao in June for allegedly mishandling customer funds, misleading investors and regulators, and breaking securities rules. The case is SEC v. Binance, 23-cv-01599, US District Court, District of Columbia (Washington, DC). ©2023 Bloomberg L.P.