US Regulator Seeks $5.3 Billion Fine for Terraform Labs, Kwon
The US Securities & Exchange Commission wants to impose a $5.3 billion fine on Terraform Labs Pte. and its co-founder Do Kwon, the inventor of the failed TerraUSD stablecoin.
The US Securities & Exchange Commission wants to impose a $5.3 billion fine on Terraform Labs Pte. and its co-founder Do Kwon, the inventor of the failed TerraUSD stablecoin.
Bank of Canada officials said monetary policy easing is expected to be “gradual,” as they debate the timing of a pivot to rate cuts.
Music rights investor Concord is preparing to increase its offer for Hipgnosis Songs Fund Ltd. to more than $1.5 billion as it seeks to beat rival suitor Blackstone Inc., people with knowledge of the matter said.
Private equity firm KKR & Co. is shelving a sale process for Upfield, the maker of Flora and Country Crock spreads, that was seeking to raise about $10 billion, people with knowledge of the matter said.
SunPower Corp. will eliminate more than 25% of its workforce as the company copes with a prolonged slump in the rooftop solar business.
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