• August 18, 2024

AI FinFlare Market Outlook for August 19, 2024

Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=ub2dBuDwcRU VIDEO TRANSCRIPT Okay, hello everyone, and welcome back. My name is Greg Firman, and this is the Vantage Point AI ...

  • August 17, 2024

SEC Charges Novatech Ltd. and Its Leaders for Cryptocurrency Fraud

According to Foresight News, the United States Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd. and its leaders, Cynthia and Eddy Petion, for orchestrating a cryptocurrency fraud scheme. The SEC alleges that the scheme deceived over 200,000 investors worldwide, including a significant number of Haitian Americans.The SEC's complaint outlines that under the leadership of the Petions, NovaTech was promoted as a multi-level marketing (MLM) and cryptocurrency asset investment program. The charges indicate that the company misled investors about the nature and potential returns of their investments, leading to substantial financial losses for many involved.This case highlights the ongoing regulatory scrutiny and legal actions taken by the SEC to protect investors from fraudulent schemes in the rapidly evolving cryptocurrency market. The SEC continues to emphasize the importance of due diligence and caution for investors considering involvement in cryptocurrency and MLM investment opportunities.

  • August 16, 2024

Tech rally, bond yields, metal commodities: Market Takeaways

US equities (^DJI, ^IXIC, ^GSPC) closed out this week with major gains, reversing from the prior week's sell-offs, to put a pin in the best trading week of 2024. Yahoo Finance markets and data editor Jared Blikre explores this week's biggest trading and market themes alongside Julie Hyman, highlighting the tech rally that propelled the tech-heavy market averages higher this week, the mix of consumer and inflation data and bond market activity (^TYX, ^TNX, ^FVX), and the pricing on precious metal commodities such as gold (GC=F) and copper (HG=F). For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.