Author: Press Room

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. It’s been a tumultuous year for retail traders — people who buy shares of individual companies or indexes on popular trading platforms like Robinhood or E-Trade. Facing an economic outlook full of bear markets, high inflation and interest rate hikes, they’ve finally decided that they’ve had enough. What’s happening: Back in the spring of 2020, the world shut down because of Covid-19, and…

LOS ANGELES — A former gynecologist at the University of California, Los Angeles was found guilty Thursday of five counts of sexually abusing female patients, in a criminal case that came after the university system made nearly $700 million in lawsuit payouts.The Los Angeles jury found Dr. James Heaps, a longtime UCLA campus gynecologist, not guilty of seven of the 21 counts and were deadlocked on the remaining charges.In the wake of the scandal that erupted in 2019 following the doctor’s arrest, UCLA agreed to pay nearly $700 million in lawsuit settlements to hundreds of Heaps’ patients — a record amount…

While emerging markets generally dominate the global adoption list, when it comes to the top 10 list, three developments stand out: Vietnam taking the crown again, the US climbing to fifth place, and China re-entering the list, according to the latest report by blockchain analysis company Chainalysis.Per ‘The 2022 Geography of Cryptocurrency Report’, the top 5 countries on the global crypto adoption index are Vietnam, the Philippines, Ukraine, India, and the United States, respectively. The top 10 list further includes Pakistan, Brazil, Thailand, Russia, and China, per the overall index ranking. The 2022 Global Crypto Adoption Index Top 20Vietnam is ranked 1st…

Sam Bankman-Fried, CEO of the crypto exchange FTX, has come under fire by the crypto community for comments that could imply that he is in favor of censoring DeFi protocols.The comments that drew the ire of the community were part of a “draft set of standards” for the crypto industry proposed by Bankman-Fried on the FTX.us website. Among the most controversial takes in the draft document was a suggestion that transfers between “sanctioned parties” should be censored by blockchain protocols.The reason given by Bankman-Fried for why it is necessary to censor certain transactions was that allowing all transfers to happen…

First Nations and environmentalists say they are angry the federal and British Columbia governments continue to stonewall American requests for a joint investigation of cross-border contamination from coal mining as meetings of the panel that mediates such issues wrap up. “They can sit on every fence they want, but at the end of the day, we’re going to do what’s right,” said Heidi Gravelle, chief of the Tobacco Plains First Nation, one of several bands upset over selenium contamination in southeastern B.C.’s Elk Valley from coal mines.“We won’t stop.”The International Joint Commission, the Canada-U.S. body that mediates water disputes, has…

Shares in Adidas fell more than 9 per cent on Friday after the sportswear group sounded the alarm on profits for the second time in three months.The warning came as the company disclosed late on Thursday that is was sitting on a growing pile of unsold trainers and other kit as sales in China and the western markets have been much lower than expected. The retailer has had to contend with a publicity crisis in recent weeks over its tie-up with rapper and designer Kanye West as it searches for a new chief executive. Adidas, the world’s second largest sportswear…

From: WitnessA 40-year search for his disappeared father leads an Indigenous weaver into a world of forensic investigation.Carlos Poyon was just three years old when his father was kidnapped. Forty years later, the traditional weaver studies anthropology, still hoping to find his father. Carlos also works for the Forensic Anthropology Foundation of Guatemala. He records survivors’ testimonies, takes DNA samples of those seeking missing loved ones and joins excavations to recover the remains of the disappeared. Up to 45,000 people disappeared during Guatemala’s 36-year internal conflict. More than 80 percent of them were Indigenous Mayan civilians. Carlos and thousands of…

London Stock Exchange Group reported a 16 per cent year-on-year rise in third-quarter revenues to £1.9bn, as market volatility and a rush to raise collateral boosted the company’s earnings.A trading update on Friday showed the owner of the London Stock Exchange and London Clearing House benefited from market uncertainty triggered by the UK government’s ill-fated “mini” Budget last month.Unfunded tax cuts contained in the “mini” Budget triggered a surge in gilt yields, sending UK pension funds scrambling to sell assets and raise cash in order to meet margin calls on derivative investments. The fallout also heightened volatility, with gilt yields…

Stablecoin issuer Tether has announced that SmartPay aims to boost the Brazilian population’s access to the popular USDT stablecoin by making it available at more than 24,000 ATMs across the South American country. “The difficulties and limitations imposed by inflation and a less-than-inclusive financial system has excluded many of Brazil’s citizens from being able to participate in the country’s growing economy,” said Paolo Ardoino, the CTO of Tether, as quoted in a statement.“Adding tether tokens to ATMs across Brazil provides the opportunity to include more people in the financial system. This will bring major changes not only to the payments industry but to the entire…

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