Finance

IcomTech Crypto Ponzi Promoter Sentenced to Nearly Six Years in Prison

IcomTech Crypto Ponzi Promoter Sentenced to Nearly Six Years in Prison

A senior promoter who helped orchestrate a multimillion-dollar crypto Ponzi scheme targeting working-class Spanish-speaking investors was sentenced Thursday to 71 months in federal prison. Magdale...

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China’s ByteDance signs deal to form joint venture to operate TikTok US app

China’s ByteDance signs deal to form joint venture to operate TikTok US app

By David Shepardson WASHINGTON, Dec 18 (Reuters) – TikTok’s Chinese owner, ByteDance, said Thursday it signed binding agreements with three major investors to form a joint venture to ...

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Dow, S&P 500, Nasdaq futures waver with Wall Street set to wrap up latest volatile week

Dow, S&P 500, Nasdaq futures waver with Wall Street set to wrap up latest volatile week

US stock futures wavered overnight after snapping a recent losing streak, as signs of cooling inflation and waning AI worries buoyed Wall Street optimism toward the tail end of a topsy-turvy week....

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Why FormFactor (FORM) Stock Is Up Today

Why FormFactor (FORM) Stock Is Up Today

Shares of semiconductor testing company FormFactor (NASDAQ:FORM) jumped 3.8% in the afternoon session after a better-than-expected inflation report for November sparked a broad market rally, lifti...

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Average US long-term mortgage rate edges lower, remaining near its low for the year

Average US long-term mortgage rate edges lower, remaining near its low for the year

The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year. The decline brings the average long-term mortgage rate to 6.21% from 6.22% last...

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CPI report shows the inflation rate rose at a 2.7% pace in November

CPI report shows the inflation rate rose at a 2.7% pace in November

The Consumer Price Index rose at an annual rate of 2.7% in November, cooler than economists had forecast and providing a sign that price pressures may be easing. By the numbers The CPI was expecte...

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