Finance

Markets, economy, and industry.

  1. Industry

    Judge Revives New York Fraud Claim Against DCG and Barry Silbert in Genesis Yield Lawsuit

    A Connecticut federal judge revived a New York common-law fraud claim against Digital Currency Group and Barry Silbert in the Genesis Yield investor suit.

    · #cryptocurrency #law #digitalcurrencygroup #genesis

  2. Industry

    Toyota to Invest $3.6 Billion to Double San Antonio Plant, Add Tacoma Line and 2,000 Jobs

    Toyota will invest $3.6 billion to double its San Antonio plant, add a second Tacoma assembly line and create 2,000 jobs as production shifts from Mexico.

    · $TM #toyota #automotive #manufacturing #sanantonio #texas

  3. Industry

    TeraWulf Signs 20-Year Lease with Anthropic for Kentucky AI Campus, Sees $19 Billion in Contracted Lease Revenue

    TeraWulf said Anthropic will lease a 401 MW AI/HPC campus in Hawesville, Kentucky under a 20-year deal the company values at about $19 billion.

    · $WULF #terawulf #anthropic #ai #datacenters

  4. Industry

    FCA review warns agentic AI could reshape UK retail financial services by 2030, sets out seven regulatory steps

    FCA review warns agentic AI could reshape UK retail financial services by 2030 and recommends seven regulatory steps to manage benefits and risks.

    · #ai #financial-services #regulation #fca

  5. Industry

    Navient says law-firm ransomware exposed borrower Social Security numbers

    Navient told the SEC a ransomware attack on an outside law firm accessed borrower data — including names, addresses, dates of birth and Social Security numbers.

    · $NAVI #navient #data-breach #cybersecurity #student-loans

  6. Economy

    Bank of Canada staff paper finds supply shocks drove majority of Canada's post‑pandemic inflation

    A Bank of Canada staff paper finds supply-side pressures, not demand, accounted for the larger share of Canada’s post-pandemic inflation surge.

    · #canada #inflation #bankofcanada #monetarypolicy

  7. Industry

    Krafton, Unknown Worlds Settle Earnout Dispute Over Subnautica 2; CEO Ted Gill to Step Down

    Krafton and Unknown Worlds reportedly settled a yearlong earnout dispute over up to $250M tied to Subnautica 2, with bonuses reportedly extended to all staff.

    · #krafton #unknownworlds #subnautica2 #earnout

  8. Industry

    South Korea targets Chungcheong with 392 trillion-won AI and semiconductor investment package

    Seoul-backed 392 trillion-won package, led by Samsung and SK hynix, funds HBM, NAND, advanced packaging, AI data centers and biopharma in Chungcheong.

    · #southkorea #semiconductors #ai #samsung #skhynix

  9. Industry

    Former Goliath Ventures CEO Christopher Delgado Pleads Guilty in Crypto Fraud Case

    Ex-Goliath Ventures CEO Christopher Delgado pleaded guilty to conspiracy, wire fraud and money laundering in a crypto scheme tied to hundreds of millions of dollars.

    · #cryptocurrency #fraud #finance #goliathventures

  10. Industry

    DISH DBS and DISH Wireless file prepackaged Chapter 11 after AT&T spectrum-sale delay

    DISH DBS and DISH Wireless filed prepackaged Chapter 11 on June 30 after an AT&T spectrum-sale delay left them unable to meet a $2.0bn July 1 debt.

    · #dish #echostar #bankruptcy #spectrum #att

  11. Industry

    U.K. FCA Publishes Final Crypto Rulebook, Sets Mandatory Authorization by Oct. 25, 2027

    The U.K. FCA finalizes a comprehensive crypto rulebook and timetable, requiring authorization by Oct. 25, 2027, with rules for platforms, custodians and stablecoins.

    · #crypto #regulation #uk #stablecoins

  12. Financial Markets

    Bank of England and FCA set out handoff for oversight of systemic UK stablecoins

    Bank of England and FCA explain how oversight of UK stablecoin issuers would shift if one is deemed systemic, clarifying who regulates issuers as they scale.

    · #stablecoin #uk #regulation #bankofengland #fca

  13. Industry

    Rocket Lab to Buy Iridium for About $8 Billion, Adding Global Satellite Network

    Rocket Lab will buy Iridium for about $8 billion in cash and stock, gaining a global LEO communications network, licensed spectrum and 2.55M subscribers.

    · $RKLB $IRDM #rocketlab #iridium #mergers #satellites #space

  14. Industry

    Honeywell completes aerospace spin-off; Honeywell Aerospace begins trading as HONA

    Honeywell completed its breakup, spinning off Honeywell Aerospace (ticker HONA) while the remaining company, Honeywell Technologies, continues trading as HON.

    · $HON $HONA #honeywell #spin-off #aerospace #automation #stocks

  15. Industry

    BT Group and Verizon to form 50:50 joint venture for international enterprise services

    BT Group and Verizon will combine international enterprise operations into a 50:50 joint venture serving 3,000+ customers in 180+ countries; deal expected in 2027.

    · $VZ $BT.A #btgroup #verizon #jointventure #networking

  16. Economy

    ECB's Schnabel warns persistent oil and gas shock raises odds of further euro-area rate hikes

    At the Petersberger Sommerdialog, ECB's Isabel Schnabel warned prolonged oil and gas pressures raise euro-area inflation risks and bolster the case for more rate hikes.

    · #ecb #inflation #eurozone #energy

  17. Industry

    Lockheed Martin Says U.S. Award Could Provide Up to $35 Billion to Accelerate THAAD Production

    Lockheed Martin says a seven-year U.S. award could fund up to $35 billion to ramp THAAD interceptor production — but it’s an undefinitized contract.

    · $LMT #lockheed #defense #missiles #procurement #thaad

  18. Industry

    DOE Issues Conditional $17.5 Billion Loan Commitment to Support Up to 10 Westinghouse AP1000 Reactors

    DOE has offered a conditional commitment of up to $17.5B to finance long‑lead equipment purchases for as many as 10 Westinghouse AP1000 reactors, aiming to speed builds.

    · #nuclear #energy #doe #westinghouse

  19. Industry

    U.S. Reaches Consent Decree With Chemours Requiring Over $450 Million for PFAS Cleanup

    DOJ, EPA and West Virginia settled with Chemours in a federal consent decree requiring more than $450M in penalties, controls and drinking-water measures for PFAS releases.

    · $CC #pfas #chemours #doj #environment