- SEC Charges Hex Founder Richard Heart with Misappropriating Millions of Dollars of Investor Funds from Unregistered Crypto Asset Securities Offerings that Raised more than $1 Billion SEC.gov
- SEC sues entrepreneur, alleging $1 billion in unregistered crypto sales and multimillion-dollar fraud CNBC
- U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations CoinDesk
- US SEC says Hex crypto founder defrauded investors, spent money on ‘Enigma’ diamond Reuters
- SEC Sues PulseChain Founder for Securities Fraud BeInCrypto
Tag Archives: offerings
A two-foot burger and something called ‘corn ribs’ headline new Texas Rangers food offerings – WFAA.com
- A two-foot burger and something called ‘corn ribs’ headline new Texas Rangers food offerings WFAA.com
- Texas Rangers reveal new foods at Globe Life Field, including a 2-foot burger FOX 4 News Dallas-Fort Worth
- A two-foot burger and something called ‘corn ribs’ headline new Texas Rangers food offerings WFAA
- A 2-foot cheeseburger? Texas Rangers go long — and large — with 2023 ballpark food The Dallas Morning News
- Hurtado Barbecue at Texas Rangers games is ‘most inspired’ option in years The Dallas Morning News
- View Full Coverage on Google News
Microsoft Targets Enterprise Application Players Oracle, Salesforce, SAP With Latest AI Offerings – Yahoo Finance
- Microsoft Targets Enterprise Application Players Oracle, Salesforce, SAP With Latest AI Offerings Yahoo Finance
- Microsoft aims to reduce “tedious” business tasks with new AI tools Ars Technica
- Introducing Microsoft Dynamics 365 Copilot, the world’s first copilot in both CRM and ERP, that brings next-generation AI to every line of business – The Official Microsoft Blog blogs.microsoft.com
- Microsoft brings an AI-powered Copilot to its business app suite TechCrunch
- Microsoft is holding a ‘future of work’ AI event on March 16th Engadget
- View Full Coverage on Google News
Microsoft Targets Enterprise Application Players Oracle, Salesforce, SAP With Latest AI Offerings – Yahoo Finance
- Microsoft Targets Enterprise Application Players Oracle, Salesforce, SAP With Latest AI Offerings Yahoo Finance
- Microsoft aims to reduce “tedious” business tasks with new AI tools Ars Technica
- Microsoft wants there to be no escape from OpenAI in your business TechRadar
- Introducing Microsoft Dynamics 365 Copilot, the world’s first copilot in both CRM and ERP, that brings next-generation AI to every line of business – The Official Microsoft Blog blogs.microsoft.com
- Microsoft is holding a ‘future of work’ AI event on March 16th Engadget
- View Full Coverage on Google News
Texas AG to halt most of Citigroup’s municipal offerings on gun law row
Jan 18 (Reuters) – Citigroup Inc (C.N) has discriminated against the firearms sector, the office of Texas Attorney General Ken Paxton said, making a decision that “has the effect” of Texas halting Citi’s ability to underwrite most municipal bond offerings in the state.
Republicans have been ramping up pressure on the finance industry over environmental, social and governance (ESG) investment practices. Texas enacted a law in 2021 prohibiting government contracts with entities that discriminated against the firearms industry.
“It has been determined that Citigroup has a policy that discriminates against a firearm entity or firearm trade association”, the assistant attorney general chief of the public finance division of Texas AG wrote on Wednesday in the letter seen by Reuters.
“Citi’s designation as an SB-19 discriminator has the effect of halting its ability to underwrite most municipal bond offerings in Texas,” Paxton’s office told Reuters, referring to the law.
Until further notice, The Texas AG will not approve any public security issued on or after Wednesday in which Citigroup purchases or underwrites the public security, she added in the letter.
“Citi does not discriminate against the firearms sector and believe we are in compliance with Texas law”, a Citigroup spokesperson said in an emailed statement to Reuters, adding that the company would remain engaged with the Texas AG office to review options.
In 2018, Citigroup put restrictions on new retail business clients that sell guns, requiring that they pass background checks. That followed a high school shooting in Florida in February of that year in which 17 people died.
Bloomberg News first reported the news on Thursday.
Reporting by Lavanya Ahire and Akanksha Khushi in Bengaluru,Additional reporting by Urvi Dugar and Mrinmay Dey; Editing by Bradley Perrett, Bernadette Baum and David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
AMC, Gamestop share offerings are longterm positives
CNBC’s Jim Cramer on Tuesday applauded GameStop and AMC Entertainment for issuing new shares, moves he said upset many in the Reddit investing crowd.
The “Mad Money” host took aim at the “hold the line” cohort of investors that get stock tips from the Wall Street Bets forum, saying their plans to offer new shares and raise cash to improve their operations should not be frowned upon.
“If you care about the future of either company or the long-term trajectory of their stocks, issuing shares up here is the right move,” Cramer said. “But the ‘hold the line’ crowd they hate these offerings … and they despise anyone who defends them.”
“It can only go so far,” he added.
AMC expects shareholders to vote in May on a measure authorizing the sale of another 500 million shares on the secondary market. GameStop submitted a prospectus to sell up to 3.5 million shares of common stock in its own equity offering program.
AMC hopes to use the funds to improve its balance sheet, while executives at the beleaguered GameStop seek to engineer a turnaround story.
“AMC and GameStop need money,” Cramer said. “Raising capital is good for both companies and over the long haul, what’s good for the company should be good for the stock.”
As for the “hold the line” strategy, Cramer worries too many investors have unrealistic expectations that they can pile into a stock and force its share price to go up.
“I find this whole narrative insane,” he said. “When the Wall Street Bets cohort takes over the flow of certain stocks, they want to call the shots and they expect management and all the shareholders to obey. Well, frankly, that is a recipe for disappointment.”