Latest Currency markets News
Cryptocurrency exchange network accused of helping Russia hit with sanctions
WASHINGTON (AP) — A network of people and virtual currency exchanges associated with harboring Russian cybercrime were hit with sanctions on Thursday, in a government-wide crackdown on cybercrime that could assist Russia ahead of President Joe Biden's meeting with Ukrainian President Volodymyr...
Betting on elections threatens confidence in voting and should be banned, US agency says
ATLANTIC CITY, N.J. (AP) — Allowing people to bet on the outcome of U.S. elections poses a great risk that some will try to manipulate the betting markets, which could cause more harm to the already fragile confidence voters have in the integrity of results, according to a federal agency that...
Sifco: Fiscal Q3 Earnings Snapshot
CLEVELAND (AP) — CLEVELAND (AP) — Sifco Industries Inc. (SIF) on Monday reported net income of $72,000 in its fiscal third quarter. On a per-share basis, the Cleveland-based company said it had net income of 1 cent. The producer of forgings and machined components...
Magnite: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Magnite, Inc. (MGNI) on Wednesday reported a loss of $1.1 million in its second quarter. The New York-based company said it had a loss of 1 cent per share. Earnings, adjusted for stock option expense and non-recurring costs, were 14 cents per...
Townsquare: Q2 Earnings Snapshot
PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — Townsquare Media Inc. (TSQ) on Wednesday reported a loss of $49.2 million in its second quarter. The Purchase, New York-based company said it had a loss of $3.26 per share. Earnings, adjusted for non-recurring costs, came to 14 cents...
Financial markets around the world stabilize after recent rout. Here's what to know
Markets on Wall Street and in Asia are stabilizing Tuesday following a mini-panic caused by an assortment of factors that stretched from late last week through Monday. The S&P 500 and Nasdaq each rose 1.3% in morning trading and were on track to break a brutal three-day losing...
Hamilton Lane: Fiscal Q1 Earnings Snapshot
CONSHOHOCKEN, Pa. (AP) — CONSHOHOCKEN, Pa. (AP) — Hamilton Lane Inc. (HLNE) on Tuesday reported fiscal first-quarter earnings of $59 million. The Conshohocken, Pennsylvania-based company said it had profit of $1.47 per share. Earnings, adjusted for non-recurring costs, were $1.51...
What are carry trades and how did they contribute to this week's global market mayhem?
BANGKOK (AP) — The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.” Japan’s benchmark Nikkei 225 plunged 12.4% on Monday and markets in Europe and North America suffered outsized losses as traders sold stocks...
Alabama woman pleads guilty to defrauding pandemic relief fund out of $2 million
MONTGOMERY, Ala. (AP) — An Alabama woman has pleaded guilty to federal wire fraud and money laundering charges for fraudulently claiming nearly $2 million in pandemic relief funds. Tametria Conner Dantzler, 39, entered the plea Wednesday. She could get up to 20 years in prison when...
Patria Investments: Q2 Earnings Snapshot
CAMANA BAY, Cayman Islands (AP) — CAMANA BAY, Cayman Islands (AP) — Patria Investments Ltd. (PAX) on Thursday reported profit of $800,000 in its second quarter. The Camana Bay, Cayman Islands-based company said it had profit of 1 cent per share. Earnings, adjusted for...
