The Department of Justice has seized about $15 billion worth of bitcoin held in cryptocurrency wallets owned by a man who oversaw a massive “pig butchering” fraud operation based in Cambodia, prosecutors said Tuesday.The seizure is the largest forfeiture action by the DOJ in history.An indictment charging the alleged pig butcher, Chen Zhi, was unsealed Tuesday in federal court in Brooklyn, New York.Zhi, who is also known as “Vincent,” remains at large, according to the U.S. Attorney’s Office for the Eastern District of New York. He was identified in court filings as the founder and chairman of Prince Holding Group,…
Author: usaeverydaylife
Boeing 737 Max planes sit at the airport in Renton, Washington.Leslie Josephs | CNBCBoeing delivered 55 aircraft to customers last month, putting it on track for its best year since 2018 as its production stabilizes and its executives eye increased output rates of its 737 Max cash cow airplanes.Forty of the deliveries were 737 Maxes, Boeing said Tuesday, with customers including European budget carrier Ryanair, which took 10, as well as Southwest Airlines, United Airlines, China Southern and leasing firm AerCap.In the first nine months of 2025, Boeing has delivered 440 airplanes, compared with 568 in the same period of…
Oura said Tuesday that it raised over $900 million in a new Series E funding round, bringing the company’s valuation to $11 billion.The fundraise, led by Fidelity Management & Research Company, also includes new investor ICONIQ and contributions from Whale Rock and Atreides.”With this investment, we will accelerate innovation, expand our global reach, and set a new standard for what wearables can achieve in advancing preventive health,” said CEO Tom Hale in a statement.The Finnish company, which ranked No. 23 on CNBC’S 2025 Disruptor 50 List, has raised approximately $1.5 billion, according to a release.Known for its Oura Rings, the…
France’s Prime Minister Sebastien Lecornu addresses general political remarks to members of Parliament, at the French National Assembly, France’s lower house of parliament, in Paris, on October 14, 2025. Thomas Samson | Afp | Getty ImagesFrench Prime Minister Sebastien Lecornu on Tuesday suspended a landmark 2023 pension reform until after the 2027 presidential election, bowing to pressure from leftist lawmakers who had demanded such a move to ensure his political survival. Lecornu, who is facing an uphill battle to survive at least two no-confidence votes later this week, made the announcement in parliament as part of a last-ditch attempt to…
Check out the companies making headlines before the stock market’s opening bell: JPMorgan Chase — Shares ticked higher by 0.2% after JPMorgan Chase results topped analyst estimates ; trading revenue hit a record of nearly $9 billion. Goldman Sachs — The investment bank fell 0.3% after Goldman exceeded Wall Street estimates on better-than-expected investment banking activity and bond trading. Goldman earned $12.25 per share, more than analysts’ consensus $11 a share, according to LSEG. Revenue of $15.2 billion beat the anticipated $14.1 billion. Wells Fargo — San Francisco-based Wells’ third-quarter financial results topped expectations, sending shares 2.5% higher. Earnings came…
JPMorgan sees a bright future ahead for the latest Amazon-affiliated e-commerce stock to go public. The bank initiated coverage of Pattern at an overweight rating and $18 price target. Pattern, self-described as an e-commerce accelerator, is one of the leading resellers on Amazon. Pattern debuted on the Nasdaq last month after selling shares at $14 in its IPO. The stock has shed less than 1% since its IPO price, closing at $13.97 on Monday afternoon. JPMorgan analyst Doug Anmuth’s price target of $18 implies a potential upside of 29% from here. PTRN 1M mountain PTRN 1M chart As a leading…
Home Depot (HD) has been in a steady slide, down about 12% over the last 18 days. While the downtrend is still intact, price is reaching a level where a mean-reversion bounce could set up. If support holds and momentum turns, this week might offer a defined-risk shot at a potential trend reversal. Support/Resistance Note the white line on the chart — it marks a long-term support zone near $380. Over the past six months, price has reacted there several times on both bounces and pullbacks. We’re back at that level now, and after tagging support, HD is starting to…
Aerial view of the Apple Data Center in Mesa near Phoenix, Arizona, U.S. on August 6, 2017. Picture taken on August 6, 2017. Apple plans to build its second data center in China at Ulanqab City in the Inner Mongolia Autonomous Region.Jim Todd | ReutersA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.The sudden surge in demand…
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that lending standards grew too lax in the past decade-plus.Dimon, the longtime leader of the largest U.S. bank by assets, was speaking about the recent collapse of auto parts firm First Brands and subprime car lender Tricolor Holdings.”We’ve had a credit bull…
U.S. Treasury Secretary Scott Bessent speaks to the press, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025. Violeta Santos Moura | ReutersTreasury Secretary Scott Bessent accused China of trying to weaken the global economy by slapping export controls on resources vital for technology.In an interview with the Financial Times, Bessent said the moves over rare earths and minerals are an attempt by China “to pull everyone else down with them.””If they want to slow down the global economy, they will be hurt the most,” he said.The move by China…
