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Roger Ver’s legal team moves to dismiss indictment citing government overreach

When popular bitcoin influencer Roger Ver, known by his 700,000 X followers as “Bitcoin Jesus,” was arrested in February while attending a cryptocurrency conference in Barcelona, the $3 trillion digital asset industry erupted with social media posts and commentary from leading industry voices condemning the act as yet another example of the Biden administration’s “war on crypto.”

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Elon Musk’s whopping 12-digit Tesla compensation package rejected again by Delaware judge

A Delaware judge ruled on Monday that Tesla CEO Elon Musk is not entitled to receive a multibillion compensation package despite shareholders approving it. Chancellor Kathaleen McCormick of Delaware’s Court of Chancery filed her 101-page decision on Monday. In an X post, Tesla responded to the decision and expressed intent to appeal. “A Delaware judge

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Vodka maker Stoli Group USA files for Chapter 11 bankruptcy

Stoli Group USA sought Chapter 11 bankruptcy protection in court last week. Stoli Group USA, a segment within Stoli Group and owned by the global beverage company SPI Group, said in its Nov. 27 bankruptcy petition to the U.S. Bankruptcy Court for the Northern District of Texas that the move was “appropriate and in the

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Dow, S&P hit record, DOGE hits the road, Walmart’s DEI rollback

– Stocks notch another week of record highs as the Trump bump keeps on giving  – Elon Musk and Vivek Ramaswamy’s DOGE will hit the road next week  – President-elect Trump fills out his team with another economic A-lister  – Here’s how the U.S. could become crypto capital of the world  – Walmart typically rolls

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Ripple poised for New York approval of stablecoin, set to enter regulated US crypto market

New York’s premier crypto regulator is close to greenlighting a new stablecoin issued by cross-border payments company Ripple, with an announcement expected in the coming days, FOX Business has learned. The approval by the New York Department of Financial Services means that Ripple will be allowed to legally offer its stablecoin, RLUSD, through a so-called

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One of Warren Buffett’s favorite ETF attracts $100B for first time

Berkshire Hathaway CEO Warren Buffett, as usual, was onto something when the company picked up Vanguard’s S&P 500 ETF (VOO), a few years ago.  Since then, the exchange-traded fund has gradually become a darling of retail investors, crossing $100 billion in net cash flow for the first time this year.  “Vanguard’s ownership structure is unique

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Warren Buffett’s surprise November shareholder letter: READ IT

Warren Buffett penned a surprise letter to shareholders days ahead of the Thanksgiving holiday and his message was a thankful one for his children, his good fortune and sharing the importance of philanthropy.  His widely read annual letters normally come in February, but the 94-year-old Oracle of Omaha’s November 2024 letter had more of a

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Dow hits all-time high, on pace for 47th record close

U.S. stocks continued marching higher on Wednesday with the Dow Jones Industrial Average hitting a fresh record high, on pace for its 47th record of the year.  The S&P 500 and Nasdaq Composite were slightly lower but have advanced over 19% and 26%, respectively.  Among the Dow 30, Travelers, United Health and Walgreens paced the

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Why are ESG-oriented ETFs going away?

Firms managing investment funds are rebranding or in some cases closing exchange-traded funds (ETFs) that were previously associated with environmental, social and governance (ESG) goals amid political and regulatory pushback. ESG investing has grown in prominence over the last decade and ESG-themed funds have become increasingly accessible, with leading financial institutions offering ETFs and other investment products

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Trump admin eyes CFTC to lead digital asset regulation

The incoming Trump administration wants to expand the power of the Commodity Futures Trading Commission by granting it oversight of a significant portion of the $3 trillion digital asset market, FOX Business has learned. The move would come as part of a broader effort by President-elect Donald Trump and the Republican majorities in Congress to roll back some of

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