The Securities and Exchange Commission has stopped trading in 15 companies because of "questionable trading and social media activity."
<p>The action follows suspensions of other companies that have been the targets of efforts <a href="https://www.sec.gov/news/press-release/2021-35" target="_blank">to use social media to "artificially inflate" their stock prices</a>, the SEC said.<br></p><p>The 15 companies include: Bebida Beverage Co., Blue Sphere Corp., Ehouse Global Inc. and Eventure Interactive Inc.<br></p><p>"We proactively monitor for suspicious trading activity tied to stock promotions on social media, and act quickly to stop that trading when appropriate to safeguard the public interest," said Melissa Hodgman, acting director of the SEC's division of enforcement, in a release.</p><p>In January, the SEC issued an <a href="https://www.sec.gov/oiea/investor-alerts-and-bulletins/risks-short-term-trading-based-social-media-investor-alert" target="_blank">alert on investing based on social media</a>. </p>
<p>The university, which received a multi-year grant from Ripple in 2019, is set to begin classes in the Earl G. Graves School of Business with a specialized curriculum this semester. Scholarships will be awarded to faculty and students pursuing a career in blockchain, cryptocurrency, digital payment and other financial technology disciplines.</p><p>The FinTech Center is also hosting its second Battle Of The Cryptos, a cryptocurrency trading competition for HBCU students. Students will be able to learn about cryptocurrency investing, trading, portfolio management, financial fitness and will have the chance to win up to $3,500 in cash prizes.</p>
The deal, which was announced Thursday afternoon, sees AT&T spinning off its struggling DirecTV satellite TV business as well as its Uverse TV service and the AT&T TV Now internet TV service into a separate company called DirecTV. AT&T will hold a 70% stake in the new company, while TPG is acquiring 30%.
<p>The terms of the deal put the value of the new entity at a little over $16 billion; back in 2015, the telco spent $67 billion in cash and debt commitments for the satellite TV provider. Since then, AT&T has lost millions of pay TV providers as consumers have embraced streaming services. Over the past two years, more than 7 million customers <a href="https://www.protocol.com/cord-cutting-2020-data" target="_blank">canceled one of AT&T's TV services</a>.</p>
The media giant unveiled plans for its upcoming streaming service at a virtual investor event Wednesday, detailing that the service will offer consumers more than 30,000 episodes of TV shows, including 36 original series that are slated to debut this year.
<p>The service will also stream more than 2500 movies, as well as live sports and news. Paramount+ will have over 1000 live sporting events per year, including the PGA Tour, March Madness, the NFL, UEFA soccer matches, U.S. Women's Soccer and more.</p><p>Paramount+ will launch on March 4, and effectively become the successor to the company's existing CBS All Access service. The company also plans to launch an ad-supported version of Paramount+ for $4.99 in June that will feature a smaller content bundle.</p>
The executive order calls for reviews across federal agencies into the global supply chains used by four major industries: semiconductors, batteries, critical minerals and pharmaceuticals. The order offers an early insight into the Biden administration's approach to China, which will encourage an investment in U.S. manufacturing.
<p>The initial reviews, which will last 100 days, will investigate whether supply chains in those industries are overly reliant on China and what can be done to bring manufacturing back to the U.S.</p><p>"I'm directing senior officials in my administration to work with industrial leaders to identify solutions to this semiconductor shortfall," Biden said before signing the executive order on Wednesday.</p><p>The telecommunications and semiconductor industries have hailed the executive order as a good first step, calling for increased investment from the government.</p><p>"We welcome today's executive order and stand ready to work with the Biden administration to ensure the strength and resilience of America's semiconductor supply chains," said Bob Bruggeworth, the board chair of the Semiconductor Industry Association. "As part of this effort, we urge the president and Congress to invest ambitiously in domestic chip manufacturing and research."</p><p><div class="ad-tag"><div class="ad-place-holder" data-pos="1">