Los Angeles, CA

Famed short sheller Andrew Left pleaded not guilty Monday to charges of fraud levied against him by the Justice Department. Left was indicted on 19 counts for allegedly manipulating stocks and trading against positions he publicly shared on social media and in appearances business news channels on Friday. He surrendered in Los Angeles court Monday, and made his first court appearance in the case (of what will likely be many), Bloomberg reported.

'The Bounty Hunter of Wall Street' pleaded not guilty in his multi-million dollar fraud case

Activist investor and renowned short seller Andrew Left surrendered to authorities in Los Angeles on Monday and was scheduled to appear before Judge Rozella A. Oliver in U.S. District Court this afternoon, according to a CNBC report. Left is facing both a criminal indictment issued Thursday by the Justice Department and charges of “bait-and-switch” tactics from the Securities and Exchange Commission.

GameStop, Nvidia Short Seller Andrew Left Surrenders on Fraud Charges

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

The biggest news of the morning? Seeing the June CPI print with a negative sign. You can be pretty sure now that Fed rate cuts are coming. The overall June consumer price index dropped 0.1 points from May. Year-on-year, it almost printed with a 2-handle (it came in at a flat 3.0%). The core was only up one-tenth on the month, and 3.3% on the year. And yes, the yearly numbers are still high. But the recent trend has been incredibly soft. Core CPI for the past three months annualized is now running just 1.1%.

Kelly Evans: The cuts are coming

According to an article by Spencer Jacob for the Wall Street Journal (WSJ), which was published earlier today, investment expert Mark Spitznagel is concerned about the potential upcoming bursting of the “greatest bubble in human history.”. Spitznagel is an American investor and hedge fund manager best known for founding...

U.S. Stock Market Warning: The ‘Greatest Bubble in Human History’ Could Be About to Burst, Claims Investment Guru

The Securities and Exchange Commission (SEC), along with the US Attorney’s Office for the Southern District of New York, announced charges against Nader Al-Naji, founder of BitClout. They allege he sold $257 million in unregistered securities through BitClout’s native token, BTCLT, and committed fraud. The SEC’s complaint claims...

SEC charges BitClout founder Nader Al-Naji with fraud

24/7 Wall St.

Though insider buying has slowed to a trickle in the past two weeks, two CEOs and two beneficial owners made notable purchases.
The post Insider Buying in These 2 IPOs Is Huge, Plus Financial CEOs Pick Up Shares appeared first on 24/7 Wall St..

Insider Buying in These 2 IPOs Is Huge, Plus Financial CEOs Pick Up Shares

Florida State

Akeena

Let’s dive into some recent restaurant drama involving Hooters, a chain that’s been a staple for many but now finds itself in a bit of a pickle. It seems the restaurant world’s rapid changes and evolving consumer preferences are proving tough for Hooters to handle, especially as they try to stay afloat in today’s competitive market.

Troubled chain shuts down Florida restaurants, fails to make crucial payment

Business Insider

A Swiss court threw out Nicolas Puech's allegations that a former wealth manager played a role in the loss of billions in Hermès shares.

The Hermès heir who planned to leave billions to his gardener now says his fortune is gone

Newark, NJ

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Morristown Minute

NEWARK, N.J. – An Essex County man has been charged with numerous offenses related to narcotics distribution and firearms trafficking. Kyrell Domnie, 39, of Irvington, known by the alias "Fly Ky," was charged by complaint and appeared before U.S. Magistrate Judge Cathy L. Waldor in Newark federal court on July 17, 2024. He remains detained following the hearing.

Convicted Felon Faces Multiple Narcotics and Firearms Charges

The SEC plans to amend its lawsuit to better address the classification and regulation of third-party crypto-asset securities, potentially impacting the handling of 12 major tokens including BNB, Solana, and others. Following a favorable ruling for Binance US on certain tokens, the SEC and defendants are now outlining their next...

SEC Sharpens Case Against Crypto Tokens, Including Solana and Binance in the U.S.

Savannah, GA

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Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

The Motley Fool

Dan Ives just implied 75% upside for Palantir stock.

1 Artificial Intelligence (AI) Stock With 75% Upside to Buy Hand Over Fist, According to Dan Ives

Reuters

(Reuters) - Match Group will let go about 6% of its staff as part of plans to discontinue live-streaming services on its dating apps, the Tinder parent said on Tuesday, as activist investors push for changes.

Tinder parent Match to cut 6% jobs as activist investors seek changes

Xerberus has launched a free crypto scam recovery tool that puts the power back into the hands of everyday crypto users by allowing them to map and then report any scams they face whilst trading coins on a network. Going by the name of Siren, the crypto scam recovery tool...

Xerberus launches free crypto scam recovery tool

Virginia State

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

TheStreet

Her flagship Ark Innovation ETF has lost 12% year to date.

Cathie Wood flip-flops on embattled tech stock

The artificial intelligence (AI) revolution can add north of $15 trillion to the global economy come 2030. In spite of the investment euphoria surrounding AI, eight of Wall Street's smartest billionaire asset managers pared down their stakes in Nvidia during the first quarter. Many of these same billionaire sellers were...

Forget Nvidia: Prominent Billionaires Are Selling It and Piling Into 2 Hypergrowth Stocks That Have Little to Do With Artificial Intelligence (AI)

Dogecoin (DOGE) has been under increasing selling pressure recently, primarily driven by significant movements from large market holders, or “whales”. This intensified activity, highlighted by a bearish crossover in moving averages and a surge in transaction volumes, reflects growing concerns about Dogecoin’s short-term outlook. Amidst this turbulence,...

Experts Say Dogecoin Selling Pressure Grows as Whales Shift to a New Coin Expected to Boom by 2024

NewsBreak

SEC accuses activist short-seller Andrew Left of ‘bait-and-switch’ tactics

The Securities and Exchange Commission has charged activist short seller Andrew Left and his firm, Citron Capital LLC, with engaging in a $20 million multi-year scheme...

SEC accuses activist short-seller Andrew Left of ‘bait-and-switch’ tactics

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