Funding & Business
SEC Says Two Brooklyn Men Made $2.2 Million in Insider Trades
The US Securities and Exchange Commission laid out new allegations against two men from Brooklyn, New York, who are accused of stealing confidential information from jobs processing corporate regulatory filings, now saying the pair pocketed more than $2.2 million from illicit trades.
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Treasuries rose after a fresh reading on wholesale inflation came in weaker than expected, cementing bets on interest-rate cuts.
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Jim Zelter, president at Apollo Global Management, says the US economy has “legacy inflation issues” and that companies are having a challenging time passing that on to consumers. (Source: Bloomberg)
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Only a handful venture to estimate the scale of China’s strategic buying. Yet few questions matter more for the market.
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