November 13, 20240 Comments

Ex-Alameda CEO Sam Trabucco Agrees To Forfeit Two Apartments, Yacht and $70,000,000 in Rights to Claims: Report

Former Alameda Research co-CEO Sam Trabucco has agreed to forfeit millions of dollars worth of assets for his alleged role in the collapse of crypto exchange FTX in 2022. Trabucco is giving up two San Francisco apartments, a 50-foot yacht, and rights to debtor claims filed against FTX worth $70,000,000, Bloomberg reports. Trabucco, known for sophisticated and often risky trading strategies, stopped posting on social media after the collapse of

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November 13, 20240 Comments

Litecoin Price Could Jump To $100 If This Happens

Litecoin price rose to $82.69 on Tuesday, November 12 as the rally in the crypto industry continued. It then pulled back and was trading at $76 at press time as the recent surge took a breather. This article explains what needs to happen for the LTC price to jump to $100.  Litecoin Price Needs To Flip Key Resistance To Hit $100 Litecoin, like most cryptocurrencies, has jumped in the past

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November 13, 20240 Comments

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November 13, 20240 Comments

Welby quits and hospital chiefs get waiting times warning

Many of the papers lead with the news that Archbishop of Canterbury Justin Welby has resigned after a damning report into a prolific child abuser associated with the Church of England. The review found Mr Welby “could and should” have reported John Smyth’s abuse of boys and young men to police in 2013. The Daily Mirror says his resignation letter spoke of his “sorrow” for Smyth’s victims and expressed a

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November 13, 20240 Comments

Strong revenue growth, first Neutron deal

A view of Rocket Lab’s HASTE suborbital launch vehicle. Rocket Lab Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago, and above Wall Street’s expectation of $102 million, according to analysts surveyed by

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November 13, 20240 Comments

Hedge funds performed better under Democratic presidents than Republican ones, history shows

Traders work on the floor of the New York Stock Exchange.  NYSE There’s been a rush of enthusiasm on Wall Street regarding Donald Trump’s election win, but hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR, collating data going back to 1991. When compared with the S&P 500, the industry underperformed regardless of who was president.

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November 13, 20240 Comments

Trump says Musk and Ramaswamy will lead government efficiency group

Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Anna Moneymaker | Getty Images President-elect Donald Trump said Tuesday that Elon Musk and former Republican presidential hopeful Vivek Ramaswamy will lead an efficiency group when his second term begins in January. Trump wrote in a post that the Department of Government Efficiency, or DOGE, will “become, potentially, ‘The Manhattan Project’ of our time.”

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November 13, 20240 Comments

Trump names Musk, Ramaswamy to lead newly formed Department of Government Efficiency By Reuters

WASHINGTON (Reuters) -U.S. President-elect Donald Trump said on Tuesday Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead the newly created Department of Government Efficiency. Musk and Ramaswamy “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump said in a statement. Trump said their work would conclude by July 4, 2026, adding that a smaller

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