2+ min ago (585+ words) The founder of Tokenize Xchange is facing a lawsuit over users losing millions of dollars,The Business Times reported on Nov. 28. A total of 272 former customers of the crypto trading exchange are suing Hong Qi Yu, the founder and CEO of AmazingTech, the parent company of Tokenize. The lawsuit also mentions COO Erin Koo Kee Hoon who is Hong's wife. Related: Largest private gold holder shuts down Bitcoin mining operations As pera report filed by court-appointed interim judicial managers in September,AmazingTech owed the users approximately $205.34 million but its realisable assets stood at approximately $2 million only. The claimants are now claiming$46.65 million in damages'an amount they claim they held on theTokenize Xchangeeither on Jul 31, 2025, or when they attempted to withdraw their funds. "The interim judicial managers" report that AmazingTech appears to be holding less than 1 per cent of customers" total…...

2+ min ago (978+ words) In many ways, buying a big-name franchise represents living the American dream. As the purchaser, you get access to a big-name brand that everyone knows, and, in theory, customers should flow in. With a good franchised brand, you ideally get all the training you need, while the corporation handles advertising and makes sure customers show up. That sounds great, but buying a franchise comes with risks. "A downside to being in a more extensive franchise system is that if one franchisee creates negative publicity, it can affect your profits," FindLaw.com reported. Franchise operators also have non-negotiable costs over which non-franchised businesses might have more control. "Just because you signed a franchise agreement and paid the initial startup costs does not mean you stopped paying the franchise. You will have to pay ongoing fees to the franchisor," the legal website…...

5+ min ago (535+ words) (Bloomberg) -- OPEC+ set out its methodology for a sweeping review of how much members will be capable of pump in years ahead, turning to a consultant that once audited the reserves of Saudi Aramco. The Organization of the Petroleum Exporting Countries and its partners launched the latest audit in May, in an effort to align output quotas more closely with members" actual abilities. The updates would take effect in 2027. They will use Dallas-based DeGolyer and MacNaughton Corp. for the majority of the work. Europe"s Largest Capital Without a Subway Is Finally Getting One DC Mayor Bowser Won"t Seek Reelection in 2026 The question of "maximum sustainable capacity" is delicate one for the alliance, as some countries " like the United Arab Emirates and Iraq " have expanded their production capacity, while others are struggling to stop theirs from declining. It"s…...

7+ min ago (431+ words) The US auto industry is currently facing a myriad of obstacles that are posing a threat to the expansion of electric vehicles (EVs). Changes in policy, tariffs, and disruptions in the supply chain have automakers worried about a "winter" for EVs, compelling automakers to rethink their strategies, with a renewed focus'on hybrids and gasoline vehicles. What Happened: The discontinuation'of the $7,500 tax credit'for new electric vehicles in'September has resulted in a significant slump in EV sales. The CEOs of leading automakers, including'Ford Motor Company'(NYSE:F) and'Tesla Inc.'(NASDAQ:TSLA), had earlier cautioned about the potential repercussions of this policy alteration. As per the report by Insider, in the aftermath of the tax credit's termination, EV sales experienced a nearly 49% drop'in October. Cox Automotive Director of Industry Insights Stephanie Valdez Streaty opined that the withdrawal of government backing would push back the…...

22+ min ago (532+ words) Britain's worst parcel delivery company paid out a "108m dividend last year, just months after it was bought by US private equity giant Apollo. Evri, which was named the UK's worst courier for the third year running by the regulator Ofcom last month, paid the money into its parent company in the year to March. This was done to service debts tied to its former owner, Advent, as well as to cover fees relating to Apollo's "2.7bn takeover in August. Details of the dividend have emerged as the delivery giant faces intense scrutiny over its performance. The company once again ranked bottom of an annual survey by Ofcom in October, with more than four in 10 respondents dissatisfied with its level of service. Complaints included delivery delays and parcels being left in inappropriate locations. Lisa Webb, consumer law expert at Which?, said: "Year…...

23+ min ago (443+ words) A couple in their late 20s is closing on a Maryland townhome with a $560,000 mortgage and only $5,000 in cash. The original poster wrote on the r/MiddleClassFinance subreddit that their $4,038 monthly payment felt overwhelming even with a combined $146,000 income and minimal debt. OP wrote that they put 20% down and used almost all their savings, leaving $5,000 available as they take on the mortgage, insurance, taxes, and HOA fees. According to the post, their take-home pay is $8,100 each month, and their only debts are a $90 student loan and a $220 car payment. OP wrote that these costs now take half their net income and leave their remaining budget tight. Fast Company Calls It a "Groundbreaking Step for the Creator Economy' " Investors Can Still Get In at $0.85/Share Forget Flipping Houses"This Fund Lets You Invest in Home Equity Like Wall Street Does The post…...

33+ min ago (464+ words) Ethereum price hurtled toward the $3,030 level on Sunday, Nov. 28, setting the asset on course to close the month with 21.4% losses. Heavy whale sell-offs in the first half of the month inflicted the most damage, as broader crypto markets reacted to the US government shutdown and political pressure facing the crypto-friendly Trump administration. Tom Lee-led Bitmine, the largest Ethereum treasury holder, also aligned with the ETFs" late-month accumulation trend. Bitmine added 14,618 ETH, worth about $185 million, during the final week of November, reinforcing the long-term commitment from US corporate investors as recent geopolitical tensions fade. Despite the renewed demand from whales failing to overturn Ethereum"s 21% monthly loss, derivatives market trends indicate that large investors have done enough to shift sentiment toward a constructive outlook for December. Coinglass liquidation-map data shows bulls regained clear control over the past week, with 3.97 million active…...

34+ min ago (339+ words) Kazakhstan's central bank is weighing a plan to invest up to $300 million in cryptocurrency assets. On November 28, Timur Suleimenov, chairman of the National Bank of Kazakhstan, said the bank could allocate funds from the National Fund and its foreign-exchange reserves into crypto. However, he emphasized that the full amount may not be used. Meanwhile, he said the recent pullback across digital asset markets has made the timing of any allocation less certain. Indeed, Bitcoin price has declined by more than 17% during the past month amid broader market volatility. Considering this, he stated that the central bank intends to wait for conditions to stabilize before committing funds to the industry. "We won't make any decisions without thorough analysis. We're analyzing. We won't rush these decisions until good investment opportunities emerge. After the current decline in all digital, financial, and crypto assets,…...

34+ min ago (339+ words) Kazakhstan's central bank is weighing a plan to invest up to $300 million in cryptocurrency assets. On November 28, Timur Suleimenov, chairman of the National Bank of Kazakhstan, said the bank could allocate funds from the National Fund and its foreign-exchange reserves into crypto. However, he emphasized that the full amount may not be used. Meanwhile, he said the recent pullback across digital asset markets has made the timing of any allocation less certain. Indeed, Bitcoin price has declined by more than 17% during the past month amid broader market volatility. Considering this, he stated that the central bank intends to wait for conditions to stabilize before committing funds to the industry. "We won't make any decisions without thorough analysis. We're analyzing. We won't rush these decisions until good investment opportunities emerge. After the current decline in all digital, financial, and crypto assets,…...

48+ min ago (457+ words) Etsy (ETSY) stock has traded mostly sideways over the past week, even as the broader retail landscape has seen some shifts. Investors are likely wondering if the current share price offers value based on Etsy's fundamentals. See our latest analysis for Etsy. If you're curious what other high-potential names are catching attention, now is the perfect time to broaden your scope and discover fast growing stocks with high insider ownership With Etsy's recent share price underperformance and a sizeable discount to analyst price targets, it is natural to wonder if upside remains. Is this a buying opportunity, or is the market already anticipating future growth? With Etsy's latest close at $54.22 and the most popular narrative assigning fair value at $68.59, the gap between current price and expectations is striking. Confidence in future upside is driven by internal investments and shifting consumer…...