Citadel to Fight SEC, Trump Declared Guilty and Meta's AI Bet

Author

Anna Eisenberg
September 27, 2023

Anna's Daybreak News

Good morning news lovers! Join us as we journey through the latest headlines, uncover hidden narratives, and connect the dots in the ever-evolving world of news. 📰🌟

Citadel to Take on the SEC in WhatsApp Probe Showdown
  • Ken Griffin's hedge fund Citadel is looking to challenge the SEC over its WhatsApp probes on recordkeeping practices.

  • 24 banks have already paid hefty settlements regarding the probe.

  • Citadel has told other industry leaders it is prepared to fight the SEC and take them to court if needed.

  • It's time to grab your popcorn and have a ringside seat as Citadel and the SEC go head-to-head in the courtroom for a battle of the ages.
    • Source: Read More
The Emperor Has No Clothes: Judge Rules Trump a Fraud
Former President Donald Trump's long-time business tactics and decision-making processes have been brought into question yet again-- this time, by a judge's ruling that Trump committed fraud as he built his real-estate empire. The decision, which tarnishes Trump's image as a business titan, could strip him of his authority to make major decisions about the future of his marquee properties in his home state.
  • The judge found that Trump and his company massively overvalued his assets, creating “a fantasy world” on the financial statements he gave to banks and insurers.

  • The former president also lied about the size of his Trump Tower penthouse apartment, claiming it was nearly three times its actual size and worth $327 million.

  • Under the ruling, limited-liability companies that control some of his key properties, such as 40 Wall Street, will be “dissolved” and authority over how to run them handed over to receivers.

  • Donald Trump: President, businessman, apparently a fraudster, and one hell of a comedian
    • Source: Read More
Smart Glasses & AI Assistants: Meta's Answer To The Future
  • Meta Platforms (META) Chief Executive Mark Zuckerberg on Wednesday rolled out new AI products for consumers, including smart glasses that stream directly on Facebook.

  • AI chatbot can generate both text responses and photo-realistic images.

  • Meta AI assistant will be built into the smart glasses, starting with a beta rollout in the US.

  • Meta is building a platform for developers and ordinary people to create custom AI bots of their own, that will have profiles on Instagram and Facebook.

  • Let's see if this new mega investment by Meta doesn't end in a metaverse level flop
    • Source: Read More

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Crypto Exchange Kraken Takes It To the Stock Exchange
The crypto world is taking on Wall Street with the bold move of crypto exchange Kraken expanding its services to include trading in stocks and ETFs. What does this mean for the future of crypto markets?
  • Kraken is launching its own division Kraken Securities to offer stock trading services.

  • Kraken's stock trading service will initially be available in the US and UK, and the company already holds required regulatory permits in the UK.

  • The move marks an expansion in Kraken's services beyond its crypto roots, after the firm survived several bear markets.

  • So whether it's stocks or crypto, Kraken seems to understand that what matters to investors is being able to lose their moneys
    • Source : Read More

Baked with love,

Anna Eisenberg ❤️

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