Author: Anthony M. Orbison

FRANKFURT (Reuters) – Siemens Energy has agreed to pay $104 million to settle an investigation with U.S. authorities, it said, after it used stolen trade secrets to inflate bids for contracts five years ago. The proposed settlement with a U.S. court in Virginia revolves around allegations of theft of trade secrets that Siemens Energy had used to bid to provide gas turbine equipment and servicing to Dominion Energy (NYSE:) Inc in 2019. The settlement is subject to approval by the court, which is scheduled for Dec. 5. An initial case, brought by Siemens Energy rival General Electric (NYSE:), was settled…

A veteran trader known for timely crypto calls says he’s bullish on one Solana (SOL) rival now that it’s showing significant strength. Pseudonymous trader The Flow Horse tells his Telegram channel that he’s “default bullish” on the native asset of the layer-one blockchain Sei (SEI) following its clearance of a multi-month resistance around the $0.40 level. “It’s the weekend so just like trading volumes my posting volumes will be lower, but take a look at SEI – I simply must be default bullish biased on things like this. Summer range broken, retesting, I will just add until proven otherwise. The…

Israel has begun a ground offensive into Lebanon, intensifying its campaign against Hizbollah after launching waves of devastating air strikes against the Lebanese militant group. In a brief statement, the Israeli military said in the early hours of Tuesday that it had begun “limited, localised, and targeted ground raids” against Hizbollah in southern Lebanon. People in the vicinity of the border said that they had heard heavy artillery fire overnight. But, while the Israel Defense Forces had previously said that “heavy fighting” was taking place, an Israeli security official said on Tuesday morning that Israeli forces had not yet engaged…

When 2024 began, there was deep concern that the major indexes were showing big gains from a very narrow range of stocks. Narrow range as in: tech, tech and more tech. Monday brought a close to both September and the third quarter. So, it’s time to see how stocks have moved around. Related: $4 billion fund manager puts 3 top stocks in focusFor the year to date, tech is still the leading market sector in the Standard & Poor’s 500 Index, up 29.6%. But most of those gains were achieved in the first quarter. That’s when stocks like Nvidia  (NVDA)  were soaring as…

Crypto hacks in September resulted in over $120 million in losses, with the top incidents targeting platforms like BingX, Penpie, and Indodax. The crypto space has surpassed more than $120 million in losses in September due to more than 20 hacks, down 61.76% from August, according to data from blockchain forensic firm PeckShield. In an X post on Oct. 1, PeckShield reported that BingX, a Singapore-based cryptocurrency exchange, was hit the hardest with over $40 million in losses, followed by Penpie at $27 million, and Indodax, which lost over $21 million. Other incidents included DeltaPrime, which saw $5.98 million stolen,…

A luxury round-the-world cruise ship beset with technical delays and docked in rainy Belfast since May finally departed from the Northern Irish capital late Monday, prompting celebration among its passengers. “We are going to have one heck of a time tonight, we are going to party like there’s no tomorrow,” beaming passenger Joe Martino told AFP before boarding. The Odyssey residential cruise ship pulled out from Belfast harbour at 2240 GMT as passengers cheered on board. But even Monday’s departure was hit with yet another technical hiccup. Dozens of passengers were left waiting in Belfast’s cruise terminal beyond the scheduled…

Investing.com — CVS Health (NYSE:) is reportedly mulling options that would include the company breaking up its retail and insurance divisions, Reuters reported. Citing people familiar with the matter, the news agency said CVS Health has been discussing several options, including the process of a split, with its financial advisors in recent weeks. The plan has been a part of conversations among the firm’s board of directors, although it has not yet decided on the best course of action, Reuters added. Unnamed sources also told Reuters that the plans have not been finalized and CVS Health may still decide to pursue…

Commerzbank‘s Bitcoin Ethereum adoption is changing Germany’s banking scene. The major bank has $500 billion in assets and has teamed up with Crypto Finance. They now offer regulated crypto trading services, which could boost institutional crypto adoption.Also Read: Another Analyst Urges To Sell IRFC SharesHow Commerzbank’s Regulated Crypto Trading Services Are Driving Institutional Crypto AdoptionA New Era for Corporate Crypto TradingCommerzbank now offers Bitcoin and Ethereum trading to corporate clients. This new move shows some growing acceptance of cryptocurrencies in traditional finance. The bank partnered with Crypto Finance, a Deutsche Börse subsidiary. At this point in time, only selected customers…

Chip Somodevilla/Getty Images; BIUS stocks rose to records on Monday after Federal Reserve Chair Jerome Powell’s commented on the economy.Powell emphasized the economy’s strength and recalibrated interest rate cut expectations.Investors are also eyeing key employment data releases this week for further market direction.US stocks rose on Monday, with the Dow and S&P 500 closing at record highs as investors digested new comments from Federal Reserve Chairman Jerome Powell.All three major indexes moved higher in late trading following Powell’s comments about the strength of the US economy.”This is not a committee that feels like it’s in a hurry to cut rates…

As you’re undoubtedly aware, publicly-traded stocks make up a large portion of super investor Warren Buffett’s Berkshire Hathaway  (BRK.B) .The company owns more than 40 positions with a market value near $300 billion, close to one-third of Berkshire’s $984 billion market capitalization. So, these holdings matter to the company. Financial icon Warren Buffett, America’s investor-in-chiefKevin Dietsch/Getty Images Warren Buffett’s massive investment portfolioBerkshire’s realized and unrealized gains on its stock holdings totaled $20 billion in the first half of this year. Buffett recommends ignoring the unrealized gains/losses, as their impact on Berkshire is uncertain. It posted an unrealized loss of $37.9 billion…