
Macquarie Tumbles After Flagging Profit Hit on Weak Trading
Macquarie Group Ltd. said weak trading conditions in the first quarter will mean profit is “substantially down” from
2023-07-27 10:27

Bears already seeing new dynamic duo shine in training camp
The team with the worst record in the NFL this past season also had big issues throwing the football. However, there’s Moore odd news for the Chicago Bears.This past season, the Chicago Bears closed a forgettable 2022 with 10 straight losses and finished with an NFL-worst 3-14 record. The ...
2023-07-27 09:53

Hedges Against Risk of Yen Surge Hit Four-Month High Before BOJ
Traders are ramping up protection against a surge in the yen as speculation remains alive that the Bank
2023-07-27 09:53

ASK Plans to Raise Up to $122 Million for Private Debt
ASK Group plans to raise as much as 10 billion rupees ($122 million) for its debut private credit
2023-07-27 09:51

China’s Industrial Profits Keep Declining Amid Deflation Risks
China’s industrial profits dropped at a slower pace in June, though worsening factory-gate deflation and slowing consumer spending
2023-07-27 09:51

Women’s World Cup 2023 LIVE: USA face Netherlands rematch as title defence continues
The Women’s World Cup continues as the defending champions USA face the Netherlands in a rematch of the final four years ago. Last week, the US kicked off their bid for a third World Cup in a row as they defeated tournament debutants Vietnam 3-0, but the Netherlands are set to be their biggest test in Group E. The Dutch, who opened their campaign with a 1-0 win against Portugal, come into the World Cup without star forward Vivianne Miedema but remain one of the top contenders for the title. Four years ago, the US won their fourth World Cup crown in Paris as they defeated the Netherlands 2-0 four years ago, with Megan Rapinoe and Rose Lavelle on target, but the defending champions have a new-look squad this time around. There are 14 players in the US group who are playing at the World Cup for the first time, including forward Sophia Smith, who scored twice in the 3-0 win against Vietnam. Follow the latest World Cup scores, updates and news in today’s live blog Read More Women’s World Cup TV schedule: How to watch every match today Women’s football world rankings: Who could take No 1 at the World Cup? Ireland ‘heartbroken’ as Canada comeback reveals World Cup lesson Megan Rapinoe: The legendary US attacker and LGBT+ rights activist in profile
2023-07-27 08:58

Asian Stocks Mixed Post-Fed Open; Wary Eyes on Yen: Markets Wrap
Asian equities were varied after the Federal Reserve hiked interest rates to a 22-year high and indicated that
2023-07-27 08:57

Macquarie flags lower profit on weak green energy income, shares slip
Australian investment bank Macquarie Group flagged a lower quarterly profit on Thursday, sending its shares over 4% lower
2023-07-27 08:46

Mattel plans to go all in on Barbie for Christmas
Mattel, riding high on the pink wave of the box office success of the "Barbie" movie, plans to go all in to deliver a Barbie kind of Christmas this year.
2023-07-27 07:54

Private Credit Lures $71 Billion in Second Quarter, Preqin Says
Demand for private credit rebounded globally in the second quarter, with 34 new funds raising $71.2 billion, more
2023-07-27 07:47

Billionaire Joe Lewis pleads not guilty to insider trading in schemes involving girlfriend and private pilots
Joe Lewis, the British billionaire and long-time majority stakeholder in Tottenham Hotspur, pleaded not guilty in New York on Wednesday to charges of insider trading. The previous day, federal officials said the investor “abused his access to corporate boardrooms” and carried out a series of “brazen” instances of financial misconduct, sharing insider information with friends, employees, and former romantic partners. He’s charged with 16 counts of securities fraud and three counts of conspiracy, Reuters reports. “That’s classic corporate corruption,” US attorney Damian Williams said in a video statement on Tuesday. “It’s cheating, and it’s against the law.” Attorneys for the billionaire said he plans to fight the charges. “The government has made an egregious error in judgment in charging Mr Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment,” David M Zornow said in an email statement to The Independent on Tuesday. “Mr Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court.” In a hearing on Wednesday before US magistrate Judge Valerie Figueredo in Manhattan following Mr Lewis’s early-morning arrest by the FBI, new details about the case against the businessman came to light. As part of a $300m bond, Mr Lewis was ordered to surrender his mega-yacht, the Aviva, as well as his private aircraft. He will now be barred from international travel as the case proceeds. Officials also accused two of his pilots, Patrick O’Connor of New York and Bryan Waugh of Virginia, of profiting off illegal tips from Mr Lewis. Both men have pleaded not guilty, and their lawyers declined requests to comment from Reuters. Prosecutors allege Mr Lewis lent the men $500,000 each in 2019, encouraging them to buy stock in an oncology company in which the billionaire had invested. Mr O’Connor allegedly texted a friend “the Boss has inside info”, a seeming reference to a tip that the billionaire allegedly passed on that the company was about to announce promising clinical results. After the company announced the news, the shares the pilots allegedly bought leapt by 16.7 per cent, and prosecutors allege one of the men labeled a payment to Mr Lewis “loan payback” and listed the company’s stock symbol. In an accompanying civil case, the Securities and Exchange Commission accused Mr Lewis, the pilots, and the billionaire’s former girlfriend Carolyn Carter of insider trading. Officials allege that in 2019, Mr Lewis told Ms Carter about a biotech company that was about to raise capital and potentially increase its share price, even though he was bound by a confidentiality agreement. She then allegedly bought $701,000 in the company, earning a $172,000 on her investment. The Independent has contacted Ms Carter for comment. “When insiders like Lewis take advantage of their access to such information, it erodes public trust and confidence in the fair and efficient operation of our markets,” SEC enforcement director Gurbir Grewal said in a statement. “That’s why we will continue to use all the tools at our disposal to hold accountable those who abuse their positions for personal benefit and the unlawful enrichment of others.” Tottenham Hotspur told The Independent, “This is a legal matter unconnected with the club and as such we have no comment.” Mr Lewis ceased to be a "person with significant control" of the Premier League club last year, following a "reorganisation of the Lewis Family Trusts,” the club said, according to Sky News. He bought a controlling stake in the Premier League club from Lord Alan Sugar in 2001 for £22m. Mr Lewis owns the Tavistock Group, which owns more than 200 assets across 13 countries, including Tottenham Hotspur and UK pub operator Mitchells & Butlers, according to Sky News. The 86-year-old is worth an estimated $6.1bn and lives in the Bahamas, according to Forbes. Read More Who is Joe Lewis? The secretive billionaire Tottenham owner charged with insider trading UK billionaire Joe Lewis, owner of Tottenham soccer team, charged with insider trading in US Football rumours: Tottenham owner tells chairman to sell Harry Kane
2023-07-27 07:46

Witness claims NYPD and federal agencies played a role in Malcolm X's assassination
A man who says he was a member of Malcolm X's security detail the day the civil rights leader was assassinated in 1965 told reporters Tuesday he saw New York City police officers trying to prevent supporters from restraining a man thought to be involved in the killing.
2023-07-27 07:21