A prominent hedge fund manager took advantage of a bank’s “wholesale collective failure” to prevent illicit trading, making HK$1.7 million (US$217,012) in a single day by using confidential information to sell shares in a Hong Kong fashion house nine years ago, prosecutors alleged on Tuesday. British-born investor Simon Sadler is on trial at the District…
US financial regulators are examining what critics are calling potentially the largest insider-trading operation in American history — a series of enormous, impeccably timed bets on oil futures and stock indices that appeared minutes before President Donald Trump makes big, market-moving announcements about the war with Iran. President Donald Trump during an event at the…
The mighty Zambezi River has its source in northern Zambia, and flows north, west, south, then east, tracing borders for several countries including Zimbabwe. As the river enters Zimbabwe, the water molecules begin to flow faster, unknowingly energised – developing first into a rush, then eventually a torrent as they plunge down the Victoria Falls….
President Donald Trump has called former House Speaker Nancy Pelosi a “disgusting degenerate” in a Truth Social post, accusing the longtime Democratic U.S. representative for California’s husband of using insider information to profit from the stock market. The attack coincides with growing momentum for a congressional stock trading ban. Newsweek contacted Nancy Pelosi via telephone…