A fintech startup that raised $40 million based on the premise of its artificial intelligence capabilities was fueled by human labor, allegedly defrauding investors lured by the new technology of millions, federal prosecutors said this week in a statement. Albert Saniger, 35, the former CEO and founder of Nate in 2018, who is from Barcelona,
00:00 Speaker A Leslie, I want to also ask um as your about your perspective as a Canadian based asset manager, right? You guys are global, you invest globally, you have clients all over the place, but I imagine a lot of your clients are Canadian, and you’re based there, and so the situation is
Energy stocks have had a rough ride lately. With concerns mounting over a global recession, oil demand expectations are under pressure—and prices have reflected that sentiment. Among the sector’s big names, Petrobras PBR has fallen more than 12% year to date, underperforming ExxonMobil XOM and Shell‘s SHEL 7.1% and 4.6% decline, respectively. While the entire
00:00 Speaker A Well, most investors looked for clarity about where President Trump’s trade agenda was heading. Our next guest accurately predicted that Trump’s tariffs were really all about China. Joining us now, David Wu, a former top Wall Street global macro strategist, current CEO of David Wu Unbound where David publishes his research. And
Global stock markets were in a state of turmoil this morning as massive tariffs go into effect on trade between the U.S. and China. Chinese stocks have stayed relatively bouyant, trading flat. But in the U.S., investors in the S&P 500 continued to take a beating in both yesterday’s trading and this morning in futures
[Getty Images] As a former champion runner, Richard McDonald can move quickly. But the speed of the market falls, triggered by the sweeping global tariffs Donald Trump announced last week, still kept him on his toes. Previously a trader for Credit Suisse, he now buys and sells stocks privately. At his laptop in London last
Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important. Life and the stock market are
A haunting childhood moment defined how John Kakuk would think about investing his own money when the time came. During the 2008 financial crisis, his mother asked him if he would be willing to contribute the meager savings in his piggy bank to his family’s grocery fund should his father, a lawyer, lose his job.
No other president over the last 75 years has come close to duplicating this dubious feat. Sean Williams | The Motley Fool US stock markets continue to plunge after Trump’s tariff rollout US stock futures dropped sharply extending a massive two-day sell-off that erased over $5.4 trillion in market value. The S&P 500 is approaching bear
Man with fingers in ears getty The market is always right, so they say – but sometimes, it takes a while to come to its conclusion. In extreme times – and these are an example – it can take people time to adjust to the new circumstances. Since the market is made up of people,