It may not have been the tax-evasion trial of the century — the second century, that is — but it was of such gravity that the defendants faced charges of forgery, fiscal fraud and the sham sale of slaves. Tax dodging is as old as taxation itself, but these particular offenses were considered so serious under Roman law that penalties ranged from heavy fines and permanent exile to hard labor in the salt mines and, in the worst case, damnatio ad bestias, a public execution in which the condemned were devoured by wild animals.The allegations are laid out in a…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJens Nordvig, Exante founder & CEO, joins ‘Fast Money’ to talk the warning signs of the U.S. dollar sell-off as global investing shifts away from U.S. Source link
Thomas Fuller | Sopa Images | Lightrocket | Getty ImagesU.S. chipmaker Onsemi scrapped its $6.9 billion offer for smaller rival Allegro MicroSystems on Monday, ending a months-long pursuit that sought to capitalize on a market downturn to boost its footprint in the automotive industry.Allegro had said in March that a sweetened $35.10 per share offer from Onsemi was “inadequate,” just a few months after the smaller chip firm turned down a $34.50 a share proposal.”We have decided to withdraw our acquisition proposal given the reluctance of Allegro’s Board of Directors to fully engage and explore our proposal,” Onsemi CEO Hassane El-Khoury said.Allegro…
El Salvador refused to return a U.S. deporteeAt a White House meeting with President Trump, El Salvador’s president, Nayib Bukele, said yesterday that he would not return a man who was wrongly deported from the U.S. and sent to a notorious prison in El Salvador.“Of course I’m not going to do it,” Bukele said when reporters asked if he was willing to help return the man, Kilmar Armando Abrego Garcia. The deportation case is at the heart of a legal battle that has gone to the Supreme Court. Here’s what else to know.Bukele said returning Abrego Garcia would be like…
Anthony Denier, CEO fo Webull, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. Brendan McDermid | ReutersShares of Webull soared nearly 375% on Monday, the second day on the market for the stock-trading app, which completed its merger last week with SK Growth Opportunities Corp., a special-purpose acquisition company (SPAC).The rally gives Webull a market cap of almost $30 billion. Webull competes with Robinhood, Charles Schwab and E-Trade. The app lets investors buy and sell shares and options in individual securities, exchange-traded funds and cryptocurrencies,…
Optimism in equity investing can pay off, but it’s not a straightforward yes-or-no proposition. Historically, markets trend upward over the long term—global equities have provided approximately 7%-8% annualized real returns since the early 20th century despite wars, recessions and crashes. An optimistic investor who remains in the market diversifies and avoids panic-selling during downturns often benefits from this compounding. However, blind optimism can be a trap. Overconfidence may lead to chasing bubbles or ignoring risks and overvalued investments — such as the dotcom crash or the 2008 financial crisis — during which investors who didn’t examine the economic merits and…
As uncertainty around President Donald Trump’s tariff plan hangs over markets, investors should consider snapping up shares of Cheniere Energy , according to G Squared Private Wealth’s Victoria Greene. The firm’s chief investment officer joined CNBC’s ” Power Lunch ” on Monday to offer her view on the energy play, along with two other names she thinks investors should be watching in the midst of market volatility. Here’s what Greene said during the segment. Cheniere Energy Greene thinks that natural gas play Cheniere would be the “biggest primary beneficiary” of any deals that emerge from the tariff debacle. “If you’re…
A person runs past Dunster House at Harvard University in Cambridge, Massachusetts, March 17, 2025.Scott Eisen | Getty ImagesHarvard University on Monday rejected demands by the Trump administration to eliminate its DEI programs and screen international students for ideological concerns, putting nearly $9 billion in federal funding for the university at risk.”No government — regardless of which party is in power — should dictate what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue,” Harvard President Alan Garber wrote in a note to the university community.”Although some of the…
Apple CEO Tim Cook greets former President Barack Obama at the inauguration of U.S. President Donald Trump at the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.Julia Demaree Nikhinson | Getty ImagesApple shares rose more than 2% on Monday, pushing the company’s market cap back above $3 trillion, as Wall Street expressed some level of relief that the iPhone maker will be able to withstand President Donald Trump’s widespread tariffs.Late Friday the Trump administration announced that phones, computers and chips were exempted from new tariffs. Apple is among the most exposed companies to Trump’s tariffs, because the majority…
AUGUSTA, Ga. — A concoction of sweaty bodies and long-lens cameras was deadlocked in the upper left-hand corner of the No. 15 grandstand at Augusta National as Rory McIlroy’s 7-foot eagle putt slid underneath the cup. At that point in the day, the phoneless Masters Tournament patrons were not unfamiliar with the sound of thousands of simultaneous groans. Hearing and participating in them repeatedly, however, was not getting any easier.A Green Jacket stood up out of his plastic bleacher seat in a frenzy.“I can’t take much more of this,” the gentleman uttered. He bee-lined toward the steep downward staircase, his…
