Norway sovereign wealth fund drops investments in 11 Israeli firms - CTV News

Open this photo in gallery:A general view of the West Bank Israeli settlement of Efrat in 2024. The complaint to the Competition Bureau was filed by Global Echo Litigation Center and the Canadian Lawyers for International Human Rights. Ohad Zwigenberg/The Associated PressA group of lawyers and civil society members have filed a complaint with the Competition Bureau over Israeli real estate events in Toronto and Montreal, alleging that illegal properties were marketed to Canadians under false pretenses. The complaint alleges at least four Israeli real estate companies and one Canadian marketing firm promoted properties in occupied Palestinian territories in the West Bank while misleading consumers to believe they were in Israel. The Competition Bureau says it will review the complaint filed by Global Echo Litigation Center and the Canadian Lawyers for International Human Rights and determine if an investigation into the companies is warranted.

If market pressures keep building, Anthropic “could reasonably decide it is better to stay private and wait for a better opportunity,” one portfolio manager says.

Traders making bullish bets on chip stocks are getting walloped this month, as renewed fears emerged about investment returns on the buildout of artificial intelligence.

Six more companies have reportedly filed objections to having their stocks listed in tokenized form on the proposed platform as part of a joint venture between cryptocurrency exchange OKX and the New York Stock Exchange’s parent company, the Intercontinental Exchange (ICE). According to a Friday Reuters report, the proposed stock platform, called OKXICE, had 22 companies total objecting to having their US stock listings tokenized. Among the most recent objections reportedly included Wells Fargo, Arm Holdings and Intuit, adding their names to Microsoft and Google’s parent company Alphabet in the last week. Notably, 16 of the companies were listed on Nasdaq, while only six of the stocks were available on the NYSE.

The US Internal Revenue Service (IRS) is preparing to overhaul its voluntary disclosure program, with plans to reduce penalties and accelerate the resolution of tax violations, including those involving cryptocurrencies, according to a Friday report by Forbes. IRS Criminal Investigation Chief Jarod Koopman said the agency aims to introduce the revised program before December, with a target of resolving cases within 120 days of taxpayers completing the required submission process. The overhaul would reportedly not establish a separate disclosure process for digital assets. Koopman told attendees at the UCLA Extension Tax Controversy Conference that the IRS would handle digital assets through the same voluntary disclosure procedures used for other forms of tax noncompliance. The IRS official also indicated that penalties under the revised program would be substantially lower than those currently imposed, although he did not provide specific figures. The agency is considering allowing taxpayers to settle outstanding liabilities through installment plans or offers in compromise.

As she faces a tough midterm race, the five-term GOP senator is touting her successful lobbying effort against certain tariffs on Canada