SEC Grapples with Approval of Bitcoin Spot ETFs
https://newsnotfound.com/sec-grapples-with-approval-of-bitcoin-spot-etfs/
The Securities and Exchange Commission (SEC) is currently considering the approval of Bitcoin spot Exchange-Traded Funds (ETFs), with Bloomberg ETF analysts projecting a 75% likelihood of approval by the end of 2023. However, the SEC has only approved future-based Bitcoin ETFs so far, leading to speculation and interest within the industry. Grayscale recently won a lawsuit against the SEC, alleging discrimination in the approval process, which has raised doubts about the SEC's decision-making. While the court ruling does not guarantee approval for Grayscale's application, it has created optimism for the SEC to reconsider its stance. The SEC has several options moving forward, including rescinding prior approval of Bitcoin futures ETFs, appealing the court's ruling, rejecting Grayscale's application on other grounds, or allowing a spot ETF to be approved. The SEC has delayed its decision on approving Bitcoin spot ETF applications, seeking public comments and evaluating various proposals. BlackRock's decision, expected by October 17, will likely impact the future of Bitcoin spot ETFs. The SEC's current situation has created uncertainty and speculation, with stakeholders eagerly awaiting the upcoming decision that could shape cryptocurrency investments in the United States.
https://ohiocapitaljournal.com/2023/08/24/report-ceos-who-pay-poorly-do-fabulously/
Why 'Woke' is Good Business, According to Mark Cuban and Data
https://www.inc.com/sonia-thompson/why-woke-is-good-business-according-to-mark-cuban-data.html
High interest rates and economic uncertainty are behind recent rise in corporate defaults
High interest rates and economic uncertainty are behind recent rise in corporate defaults
https://www.cnbc.com/2023/06/24/high-interest-rates-economic-uncertainty-boost-corporate-defaults.html
The corporate default rate is up and rising as interest rates remain elevated, making it more expensive for companies to refinance debt.
Reddit’s golden geese foul up its IPO plans
Breakingviews - Reddit’s golden geese foul up its IPO plans
https://www.reuters.com/breakingviews/reddits-golden-geese-foul-up-its-ipo-plans-2023-06-16/
Thousands of moderators overseeing the site’s subreddits are on strike. It’s a wrinkle in Reddit’s plan to go public, and a sign that plan is premature, columnist Anita Ramaswamy writes.
Oil prices are facing a 'battle royale' between Saudi Arabia and the Federal Reserve, Bank of America says
Oil prices are facing a 'battle royale' between Saudi Arabia and the Federal Reserve, Bank of America says
https://markets.businessinsider.com/news/commodities/oil-price-outlook-saudi-arabia-fed-battle-royale-bank-of-america-2023-6
Brent crude prices could rise to $80 a barrel by the end of the year if the Fed pulls back on its inflation-fighting efforts, Bank of America said.
Comcast complains to FCC that listing all of its monthly fees is too hard
Comcast complains to FCC that listing all of its monthly fees is too hard
https://arstechnica.com/tech-policy/2023/06/comcast-complains-to-fcc-that-listing-all-of-its-monthly-fees-is-too-hard/
Comcast blasted for seeking "loopholes" in rule requiring disclosure of all fees.
Twitter sued for $250 million by music publishers over ‘massive’ copyright infringement
Twitter sued for $250 million by music publishers over ‘massive’ copyright infringement
https://www.theverge.com/2023/6/14/23761680/twitter-music-lawsuit-nmpa-copyright-infringement
This is one Twitter problem that didn’t start with Elon Musk’s takeover
Growing number of small businesses worry about inflation and the economy's future | CNN Business
Growing number of small businesses worry about inflation and the economy's future | CNN Business
https://www.cnn.com/2023/06/13/economy/nfib-small-business-optimism/index.html
A greater number of small businesses are worried about inflation and future business conditions, according to a survey released Tuesday by the National Federation of Independent Business.
Manufacturing is sputtering in the world's largest economies | CNN Business
Manufacturing is sputtering in the world's largest economies | CNN Business
https://www.cnn.com/2023/06/11/economy/global-manufacturing-sputtering-economies/index.html
Manufacturers around the world are contending with weakening demand as the economic outlook for the industry darkens.