Money
Investigation into Australia’s Crown Resorts deepens
Australia’s financial crimes watchdog has widened its investigation into Crown Resorts.
The watchdog uncovered potential breaches of anti-money laundering laws at Crown’s Perth casino.
Crown Resorts’ also admitted on Monday that it broke Victorian law for five years at its flagship Melbourne casino and confirmed the financial crimes watchdog has launched a second probe into money laundering at its Burswood casino following revelations at the West Australian royal commission.
An October probe triggered an 8 percent crash in Crown’s share price, wiping $500 million from the company’s value.
Crowns Resorts says it’s “continuing investigations into these matters, including whether it may have breached other laws”.
Rival casino operators The Star and SkyCity also told the market the watchdog AUSTRAC had launched an investigation into financial crimes at their casinos for possible breaches of anti-money laundering and counter-terrorism financing laws.
Australian Watchdogs Step Up Investigations
Meanwhile, SkyCity Adelaide is also being investigated for potential breaches.
And one of Australia’s big four banks, NAB has also been referred to AUS-TRAC for “potential serious and ongoing non-compliance” with anti-money laundering laws.
Money
U.S. and China approve TikTok sale to American investors
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.
The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.
This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.
Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.
The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.
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Money
Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.
The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.
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Money
Gold hits record highs as investors flee risk
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.
The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.
Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.
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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews
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