Reuters

NEW YORK (Reuters) - A handful of institutional investors bought large positions in former President Donald Trump’s media company in the second quarter ahead of the company's inclusion in two Russell indexes, regulatory filings released on Wednesday showed.

BlackRock, Vanguard big purchasers of Trump Media shares in Q2, filings show

A four-year legal battle with regulators ended with Ripple agreeing to pay $125 million in civil penalties. The return to business as usual for Ripple might be enough to send the price of XRP over $1. Other catalysts, such as the launch of a new spot ETF, are unlikely and...

Should You Buy XRP While It's Under $1?

Franklin Templeton, a global asset management firm, has expanded its Franklin OnChain US Government Money Fund to the Avalanche network. According to a press release shared with Cointelegraph, the expansion to the layer-1 blockchain will be the “first-of-its-kind onchain money market fund” on Avalanche. The fund, which launched...

Franklin Templeton expands blockchain fund to Avalanche network

NEW YORK (Reuters) -Fixed income manager Western Asset Management, a unit of investment manager Franklin Templeton or Franklin Resources, said on Wednesday it had replaced a top investment executive and would shutter a $2 billion fund amid federal investigations into his conduct.

Franklin Templeton unit replaces investment chief, closes $2 billion fund amid US probes

The Hill

Billionaire activist investor Carl Icahn and his company, Icahn Enterprises (IEP), have agreed to pay a combined $2 million to settle charges brought by the Securities and Exchange Commission (SEC).  Icahn allegedly failed to disclose that he pledged between 51 percent and 82 percent of Icahn Enterprises’s outstanding shares as collateral to obtain personal margin…

Carl Icahn, Icahn Enterprises to pay $2M in settlement with SEC

Target (TGT) added to good news about the state of the U.S. consumer, emerging from a long sales slump and boosting its profit forecast; the Federal Open Market Committee (FOMC) publishes minutes from its July meetings today, giving investors another read on an expected September interest-rate cut; shares of JD.com (JD) are sinking in premarket trading after Walmart (WMT) sold its stake in the Chinese e-commerce giant for a reported $3.6 billion; China has launched an anti-subsidy investigation into dairy imports from the European Union (EU); and Netflix (NFLX) shares are in focus after a huge jump in ad sales drove its stock to a record high Tuesday. U.S. stock futures are edging higher ahead of the Federal Reserve meeting minutes after the benchmark S&P 500 index ended a streak of eight straight winning sessions yesterday. Here’s what investors need to know today.

5 Things to Know Before the Stock Market Opens

Fidelity actively participates with 176,626 BTC held, emphasizing strong institutional engagement in the cryptocurrency market. Predictions suggest Bitcoin ETFs might hold more than Nakamoto as early as October 2024 due to rapid acquisition rates. U.S.-based Bitcoin ETFs are approaching a pivotal moment where they might soon hold more Bitcoin than...

BlackRock and Fidelity Are Hoarding Bitcoin: Could They Control the Future of Crypto?

A former JPMorgan employee is in the cross hairs of the Financial Industry Regulatory Authority (FINRA) over alleged regulatory violations. FINRA says it’s penalizing Dale Self with a $5,000 fine and suspending him from associating with its members for 15 business days for “improperly” taking the personal information of dozens of customers from J.P. Morgan Securities without the consent of his employer or the clients.

JPMorgan Employee Allegedly Steals Account Data, Social Security Numbers and Other Sensitive Information on Over 200 Customers: FINRA

According to Bitwise’s latest report, the number of institutional investors holding Bitcoin ETFs jumped by 14% in the second quarter of this year. This increase brings the total to 1,100 institutional investors, up from 965 in the previous quarter. The rise in institutional involvement is notable, especially considering the broader market context.

Institutional Demand for Bitcoin ETFs Surges Despite Market Volatility, Report Shows

A federal court has struck down a Federal Trade Commission rule that would have banned noncompete clauses in employment contracts from being enforced. The ban would have made it illegal for businesses to restrict where their former employees work or whether they can start their own businesses. The FTC faces...

Federal Court Blocks Noncompete Ban, For Now

A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show financial weakness, according to a new report. An analysis from Florida Atlantic University finds the billion-dollar banks in question – which include seven US financial giants – have all reported a 50% or higher ratio of uninsured deposits to total deposits.

94 US Banks at ‘Serious Risk’ of Bank Runs, Including BNY, State Street, JPMorgan Chase and Citi: Report

Polk County, FL

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Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

The minutes of the Federal Reserve’s late-July policy meeting show that most officials supported possible interest-rate cuts at the next meeting in September. The minutes showed that a “vast majority” of officials said an interest rate cut at the September meeting was likely if data continued to meet expectations.

Federal Reserve Meeting Minutes Show Increasing Support for Interest Rate Cuts

Your article was successfully shared with the contacts you provided. The bank is selling part of its stake in Charles Schwab to cover fines it expects to pay for failures in its money-laundering controls. Including a $450 million provision announced in April, the lender now estimates it will pay $3...

TD Takes $2.6B Hit on Probe, Sells Schwab Shares

Cathie Wood believes Bitcoin can reach as high as $3.8 million by 2030. This is unlikely and relies on some pie-in-the-sky reasoning. Bitcoin is likely to offer major returns nonetheless. That might seem like it's too good to be true, and it probably is. Ark Invest's Cathie Wood has made...

1 Top Cryptocurrency to Buy Before It Soars 6,200%, According to Cathie Wood of Ark Invest

Raleigh, NC

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Town Talks

Big cities are known for their hustle and bustle, drawing people in who crave excitement, variety, and entertainment. But bigger isn’t always better, or at least not for Raleigh, North Carolina.

North Carolina City Named The Most Boring Town in the State

The U.S. government has transferred 10,000 Bitcoin (BTC), valued at $300 million, from a government wallet to Coinbase, signaling a potential upcoming sale. These Bitcoin likely originate from the Silk Road darknet marketplace seizure and could negatively impact the Bitcoin market price. On August 15, 2024, Arkham Intelligence reported that...

US Government Transfers $300 Million in Bitcoin to Coinbase: Market Sell-Off Looms

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Federal Reserve Chair Jerome Powell will give a speech Friday morning that investors are eagerly anticipating for clues on the timetable for interest rate cuts. While Powell and other Fed officials have said that a rate cut at the next Fed policy meeting in September is possible, the central bank chief is unlikely to provide details on the timing or depth of policy easing.

What to Expect From Federal Reserve Chair Powell's Jackson Hole Speech Friday?

Eli Lilly shares set a record high on Tuesday after announcing that clinical trials of tirzepatide, the medicine used in the company’s diabetes drug Mounjaro and injectable weight loss treatment Zepbound, significantly reduced the risk of developing type 2 diabetes in patients. The stock has oscillated within a broadening...

Watch These Eli Lilly Price Levels as Stock Sets Record High on Trial Results

NewsBreak

Franklin Resources Stock Sinks as SEC Investigates Co-CIO of $2B Unit

Ken Leech, the co-CIO of a Franklin Resources unit, took a leave of absence after receiving a Wells Notice from the Securities and Exchange Commission (SEC)....

Franklin Resources Stock Sinks as SEC Investigates Co-CIO of $2B Unit

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