DOJ probes banks in collapse of hedge fund Archegos

The DOJ is reportedly expanding its probe into the collapse of Bill Hwang’s fund U.S. investigators who focus on corporate collusion are examining how global banks handled multibillion-dollar trades with Bill Hwang’s Archegos Capital Management, according to a new report. At least a part of the probe is being handled by the U.S. Department of … Read more

US jobless claims tick down to 411,000 as economy recovers

The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is slowly improving. The Labor Department said Thursday that jobless claims declined just 7,000 from the previous week to 411,000 for the week ending June 19, with 3.4 million Americans collecting continuing benefits.  The number … Read more

Migrant tied to a rope scales down from border wall in Arizona before border agent chases him

‘F*** it, run!’ Moment brazen migrant rappels down barbed wire-covered border wall in Arizona – only for a CBP agent to spot him and chase him down Univision camera showed several migrants illegally crossing the United States-Mexico border in Nogales, Arizona Each of the migrants were tied to a rope that was provided by a smuggler … Read more

Founders of South African Bitcoin exchange Africrypt ‘disappear with $3.6billion in currency’

Founders of South African Bitcoin exchange Africrypt ‘disappear with $3.6billion in currency after telling investors they were hacked in April’ Brothers and founders Ameer and Raees Cajee are uncontactable, lawyers sayInvestors hired a law firm to investigate after being informed of a hack in AprilOne of the brothers told investors not to report the incident … Read more