U.S. regulator moves to withdraw $5 million penalty against Winklevoss’ crypto exchange
The U.S. CFTC asked a judge on Wednesday to vacate the agency’s $5 million penalty against a cryptocurrency exchange founded by the Winklevoss twins.
Trump’s IRS case should be reopened so court can probe possible ‘fraud,’ ex-judges argue
Reopening the Trump-IRS case “will allow the Court to commence an inquiry into whether the Court was deceived,” the ex-judges wrote.
Foot Locker returns to growth but weighs on Dick’s Sporting Goods as earnings miss
Since acquiring Foot Locker, Dick’s Sporting Goods sales have surged, but its profitability has taken a hit given the high costs of the brand’s turnaround.
Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump
The purchase comes after Dell spent considerable time courting the White House and after President Trump urged purchases of the company’s computers.
Abercrombie shares jump 12% on earnings beat even as Iran conflict hits sales
Abercrombie & Fitch saw sales in Europe, Middle East and Africa decline by 10%, thanks in large part to the conflict in the Middle East.
White House eyes CFTC proposal for regulating prediction markets
The CFTC has argued it has exclusive authority to regulate the growing prediction market sector rather than state-by-state regulation.
Lululemon settles proxy battle with founder Chip Wilson, agrees to two board nominees
Lululemon has been battling with founder Chip Wilson since December, as he says the company has lost its strategic vision and needs a new board of directors.
Analysis: What Stephen Miller gets wrong about debt, deficits and immigration
The White House immigration hawk and deputy chief of staff is pointing the finger in the wrong direction when he’s seeking blame for the federal budget deficit.
Boeing CEO says company met requirements to increase 737 Max production to 47 jets per month
Boeing CEO Kelly Ortberg said the company has met FAA requirements to ramp up its production of 737 Max aircraft to 47 per month.
Trump opposes Russia or China taking Iran’s highly enriched uranium
Trump also said the Strait of Hormuz, the vital oil-shipping route, is “going to be open to everybody.”