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A three-judge panel for the DC Circuit Court of Appeals sided with Grayscale Investments in its battle against the Securities and Exchange Commission. American agreed to pay $2.05 million and received an equal sum in credit against the fine for compensation already paid to passengers, according to a document outlining the deal. The agency said the penalty is the largest of its kind ever imposed. UBS, Swiss finance blog settle Credit Suisse legacy lawsuit

The S&P 500, Dow industrials and Nasdaq Composite all advanced. The Dow was up about 200 points. "The federal government is not in a position to borrow at this time," Edun said, adding that the emphasis is on creating a stable environment to attract both local and foreign investments. Fox Corporation has not had a very good season. In April, the company’s Fox News unit agreed to pay $787.5 million to settle a $1.6 billion defamation suit by Dominion Voting Systems. And last week, former Fox buddy Donald Trump boycotted Fox’s Republican candidates’ debate despite entreaties by Fox execs and on-air talent. Internally, it’s far from clear who is in charge. Reuters

Data retrieved by Finbold from CNN shows that BlackRock Fund Advisors increased their position in these Bitcoin miners on June 30, consolidating their second place as the largest shareholders position, as follows: The Nasdaq was up 1.5% midday, while the S&P 500 rose 1.1% and the Dow Jones Industrial Average climbed 0.6%. Tesla is set to launch its highly-anticipated supercomputer on Monday, according to @SawyerMerritt. The machine will be used for various artificial intelligence (AI) applications, but the cluster is so powerful that it could also be used for demanding high-performance computing (HPC) workloads. In fact, the Nvidia H100-based supercomputer will be one of the most powerful machines in the world. U.S. stocks surged Tuesday morning after fresh data showed job openings fell to their lowest level since 2021 in July, possibly easing some of the pressure a tight labor market is putting on prices.

The UPI system has international potential too. Already real-time transfers using the network are feasible with Singapore, and the United Arab Emirates should create a similar link-up in the coming months, according to Asbe. Links to overseas locations where Indians live or travel could transform the efficiency and cost of remittances to family back home as well as boosting the tourism economy.  More



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