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According to the Islamic Republic of Iran Broadcasting (IRIB), an Iranian naval commander stated that enemies will not be allowed to approach Iranian territory.India has announced a 625 billion rupee mobile phone incentive program.On August 21st, Chris Williamson, Chief Business Economist at S&P Global Insights, stated that U.S. businesses are thriving, with companies reporting that output growth reached its fastest pace in over four years as the third-quarter economic expansion strengthened further in August. Third-quarter survey data currently shows an annualized growth rate close to 3.0%, a significant increase from the 1.5% growth rate in the second quarter. Job growth in August also showed a welcome recovery, with employer confidence strengthening as concerns about the negative impacts of tariffs and the Middle East conflict gradually subsided. However, the latter remains a key area of focus for businesses, particularly its impact on supply chains and energy prices. Supply chain delays were reported again in August, at their most severe in the past four years, significantly constraining output for many companies. While price pressures have eased somewhat, they remain high and could easily face renewed upward pressure if energy prices rise again. Meanwhile, the growth momentum between the second and third quarters has shifted from manufacturing to services. With depleted safety stocks and supply chain delays dampening factory production growth, the service sector is now playing a key role in driving the continued expansion of the U.S. economy.S&P Global: U.S. business growth hit a 52-month high in August, driven by a surge in service sector activity and rising optimism. Price pressures eased somewhat.S&P Global: The U.S. Manufacturing PMI preliminary reading for August was 53.2, a five-month low; the Composite PMI preliminary reading for output was 56.0, a 52-month high; the Services PMI preliminary reading for business activity was 56.8, a 20-month high; and the Manufacturing PMI preliminary reading for output was 51.9, a 13-month low.

Crypto exchange Kraken under scrutiny for sale of unregistered securities

Alice Wang

Feb 09, 2023 15:39

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According to the article, the regulator's investigation is well along and might soon lead to a settlement with the San Francisco-based platform.


Kraken chose not to respond to the report. A request for response from the SEC was not immediately complied with.


Companies that assist in transaction facilitation in the cryptocurrency market should register with the agency, according to SEC Chair Gary Gensler, just like other market intermediaries.


The exchange has no intentions to register with the SEC as a market facilitator or to delist cryptocurrency tokens that the commission has classified as securities, according to Kraken's incoming chief executive officer, who spoke to Reuters in September.


In order to resolve legal responsibility for alleged breaches of the sanctions against Iran, Kraken agreed in November to pay the Office of Foreign Assets Control of the U.S. Treasury Department $362,000 and spend an additional $100,000 in specific sanctions compliance mechanisms.


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