The CFTC in August 2023 sued My Forex Funds and its chief executive officer, Murtuza Kazmi, accusing the firm of operating a large-scale, Ponzi-like scheme. The firm allegedly reaped hundreds of millions in profits, with the CEO buying a $1.6 million Lamborghini Aventador and a multimillion-dollar estate in Canada, according to the CFTC.
“This government doesn’t give a damn about working people,” Farage, whose party topped the polls in local elections last week, said in a video on X. “The Labour Party have this time, in a big, big way, betrayed working Britain. This deal is truly appalling.”
If public markets sour, there should be plenty of opportunities in private markets, especially beyond traditional direct lending, according to the CEO of Canada’s Public Sector Pension Investment Board, Deborah Orida. She said the board may shift money from public markets into private credit assets like infrastructure, which should prove especially resilient if inflation picks […]
Analysts and pundits have said repeatedly in recent years that shale fields in the US, the world’s top oil producer, are poised to peak. Yet, the industry has proved them wrong by innovating and driving output to fresh records year after year. So the assertion by Diamondback — the Permian’s top pure-play shale producer — […]
Tuchler says the turmoil around tariffs has landed him in a maddening “game of chicken,” in which he can only guess what his import-tax bill might be when it actually comes due. His e-commerce site just placed an order from China for “literally $80,000 worth of stockings,” Tuchler says. “Or is it going to cost […]
Buffett, the 94-year-old architect and face of Berkshire Hathaway Inc., announced that the gathering would be his last as head of the company he built from humble beginnings into one of the world’s most valuable enterprises. A few feet away, Greg Abel, the energy executive long seen as Omaha’s crown prince, wasn’t even aware his […]
Meanwhile, the US is weighing a potential easing of restrictions on Nvidia Corp. sales to the UAE ahead of a visit by President Donald Trump slated for mid-May, which could boost the UAE’s chances in the regional AI race. The US leader plans to stop in the UAE during a visit to the Middle East […]
Berkshire grew aggressively over the decades with Buffett as chairman and CEO, as he chose acquisitions and stocks for the company portfolio alongside trusted adviser and vice chairman, Charlie Munger, who died in 2023 at 99. The conglomerate acquired a bewildering assortment of businesses, which Buffett often said mirrored the US economy as a whole. […]
The initial estimate from grid operator Red Electrica was that restoring all power supply in Spain may take between six and 10 hours. By Monday evening, that was looking optimistic — at 9pm Madrid time, there was 17.3 gigawatts of demand on the grid, about two thirds the amount seen just before the blackout happened, […]
As Trump’s 2024 campaign heated up, his allies used that scaffolding. Conservatives aligned with the Heritage Foundation held dozens of listening sessions with hundreds of experts and representatives from key industries, including health care, finance, energy and agriculture. The events were run like focus groups, with leaders helping coax participants to go beyond outlining routine […]