Coinbase CEO Warns an SEC Crackdown May Be Coming. It Could Hurt Ethereum, Too.
Brian Armstrong said on Wednesday that he was aware of rumors that the SEC wanted to stop crypto staking in the U.S. for retail customers.
Trafigura Hit by Suspected Nickel Fraud, Says It Could Lose $577 Million
The giant commodities trader said it was the victim of 'systematic fraud, ' in the latest upset to the global nickel market.
SEC Intensifies Crypto Enforcement With Exchange Settlement
Digital asset platform Kraken agreed to stop offering so-called crypto staking services in the U.S. and pay $30 million in penalties.
PayPal CEO Dan Schulman to Retire
The company hasn't chosen a successor to Mr. Schulman, who will retire in December.
Robinhood Needs More Arrows to Fire
The online broker is shrinking its share count and slashing core expenses, but finding new revenue sources is still critical.
S&P Global 4Q Net Profit Down on Lower Ratings Revenue
S&P Global said fourth-quarter earnings fell as the seize-up of activity on credit markets weighed on ratings revenue.
Apollo Returns to Profit After Three Straight Quarters of Losses
The alternative-asset manager earned $584 million in the fourth quarter, marking the year's only profitable quarter
Credit Suisse's Losses Deepen, Threatening Overhaul
The Swiss lender said it bought New York advisory Klein Group for $175 million to help spin off its investment banking arm, as it reported a fifth consecutive quarterly loss.
Dow Sits Out Stock Market's Wild Ride
The Dow Jones Industrial Average last year was a relative bright spot in a battered stock market. Now, speculation is back, and the blue chips are falling behind.
Top Bondholder to Challenge Chester, Pa., Bankruptcy Eligibility
The biggest bondholder of the bankrupt Pennsylvania city of Chester is scheduled to appear in court on Monday to argue that the city's chapter 9 bankruptcy petition is invalid and should be dismissed.
(END) Dow Jones Newswires
02-10-23 0015ET
