Author: Anthony M. Orbison

(Reuters) -Richard Holtum will take over as Chief Executive of global trading house Trafigura from Jan. 1 next year, the company said on Tuesday. Outgoing CEO Jeremy Weir will take up the role of group chairman on the same date. Holtum, who will become a member of Trafigura’s board of directors from October, will pass his role as global head of gas, power and renewables to the current head of power trading, Igor Marin. Reuters exclusively reported in April that Weir had begun priming Holtum to take the helm. Source link

Today, Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill appeared together in court in the Southern District of New York for a status conference.I attended the status conference for the #Samourai case today on behalf of @BitcoinMagazine.Here’s where things stand: pic.twitter.com/MGVlV6LnJK— Frank Corva (@frankcorva) September 17, 2024 This was the first time the two made a public appearance together since the US Department of Justice (DoJ) charged the two developers with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business in April 2024. It was also the first time either of them have appeared…

Market News and Events: Staying Informed in a Dynamic Market The financial markets are constantly evolving, with new developments and events having a significant impact on global economies and investment decisions. Staying informed about market news and events is crucial for investors, traders, and business leaders alike, as it enables them to make informed decisions and capitalize on opportunities. In this article, we’ll provide an overview of the latest market news and events, as well as offer insights on how to stay informed in a rapidly changing market landscape. Recent Market News Over the past week, the global markets have…

Apple (NASDAQ: AAPL) is the most valuable company in the world right now with a market cap of $3.4 trillion. But a closer look at the company’s recent financial performance indicates that it is finding it difficult to put its growth into a higher gear.For instance, in the third quarter of fiscal 2024 (which ended on June 29), Apple’s revenue increased just 5% year over year to $85.8 billion. Analysts are expecting this “Magnificent Seven” stock to finish the year with a 9% increase in revenue to $390 billion. Additionally, its revenue is expected to increase by just 8% in…

It’s another week in auto, and Bank of America analysts are keeping an eye on Tesla  (TSLA)  and General Motors’  (GM)  future events. UBS analysts keep their bearish position ahead of the Tesla Robotaxi event, and Deutsche and JP Morgan analysts have a compelling view of a key Tesla rival in China. The ONVO L60 electric SUV from NIO’s new subsidiary brandVCG/Getty Images Nio’s Onvo is on the wayUnlike other Chinese EV automakers like BYD or Li Auto, Nio  (NIO) is not profitable. During its second quarter 2024 earnings on September 5, Nio recorded stronger margins and record sales but also…

Asset management giant BlackRock, with over $10 trillion in assets under management, has published a new report touting Bitcoin as a unique portfolio diversifier. This marks the latest embrace of Bitcoin from the world’s largest asset manager.JUST IN: 🇺🇸 $10 TRILLION financial Giant BlackRock released a full report on #Bitcoin, saying it's a unique diversifier.The new marketing team is here 🚀 pic.twitter.com/WTHgawTyGD— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024 Earlier this year, BlackRock launched a Bitcoin exchange-traded fund (IBIT), rapidly becoming one of the most successful ETF launches ever. The Bitcoin ETF already has over $21 billion in assets under management.BlackRock…

Swing Trading: A Guide to Making Money in the Stock Market Swing trading is a popular trading strategy that involves holding a position in the stock market for a short period of time, typically between a few minutes and a few days. This approach allows traders to capitalize on short-term market fluctuations and generate profits quickly. In this article, we’ll delve into the world of swing trading, exploring its benefits, strategies, and risks to help you get started. What is Swing Trading? Swing trading involves buying and selling securities in a short period of time, usually within a few days…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseOne of the upsides of Joe Biden making way for Kamala Harris was that he could focus on the presidency. Two months later, there is scant evidence his freed-up schedule has had much effect. In another era, Biden might have had the luxury of taking a long bow as he exits the stage. But the Middle East is on the brink of war and Ukraine is heading into a dangerous winter. Harris’s election prospects and his own legacy are…

Visa (NYSE:) shares are down 2% premarket Tuesday following reports that the U.S. Department of Justice (DoJ) plans to sue the company for allegedly monopolizing the U.S. debit card market. According to a report from Bloomberg, the DoJ is preparing to file an antitrust lawsuit accusing Visa of engaging in anticompetitive conduct to maintain its dominance, including exclusive agreements that hinder rivals and prevent technology companies from entering the market. The lawsuit is said to be the culmination of a years-long investigation that began after Visa’s failed attempt to acquire fintech company Plaid Inc. in 2021. Over the course of…

River, a leading U.S. Bitcoin exchange, has launched River Proof of Reserves to provide clients with verifiable proof that their Bitcoin holdings are fully reserved. This sets a new transparency standard for the industry after recent failures of exchanges like FTX shook consumer trust.River CEO Alex Leishman stated, “River Proof of Reserves is about more than verifying our balances; it’s about reinforcing River’s commitment to integrity and long-term client trust.” He added, “Our goal is to build unshakable trust with our clients. Proof of Reserves is the gold standard for Bitcoin custody.”The new feature allows clients to independently confirm that…