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Finance Megaphone
May 14, 2025

Welcome to Finance Megaphone – Your Free Source for Financial News

At Finance Megaphone, we bring you the latest and most relevant updates from the world of finance. Whether it's market trends, breaking news, or insights from industry experts, we’ve got you covered. Stay informed, stay ahead, and make smarter financial decisions with the news that matters most.

Let’s dive into what’s happening in the market today!

  • Smartmatic Alleges Fox News and Murdoch Destroyed Key Evidence in 2020 Election Lawsuit

  • Coinbase CEO Sees Hope for Stablecoin Bill Amid Senate Hurdles

  • New Fortress Energy Reports $197M Loss, Sells Jamaican Assets to Cut Debt

Smartmatic Alleges Fox News and Murdoch Destroyed Key Evidence in 2020 Election Lawsuit

Smartmatic has accused Fox News and top executives, including Rupert and Lachlan Murdoch, of intentionally deleting key evidence in its $2.7 billion defamation lawsuit over false claims aired after the 2020 election. In newly revealed court filings, the voting technology firm claims Fox systematically destroyed incriminating text messages, despite legal obligations to preserve them, to hide internal doubts about election fraud narratives broadcast on-air. The lawsuit, still awaiting a trial date in New York, alleges the cover-up undermines Fox’s defense. Fox denies wrongdoing and frames the case as a threat to press freedom, while also gaining access to separate legal documents it hopes will support its claims.

Coinbase CEO Sees Hope for Stablecoin Bill Amid Senate Hurdles

Coinbase CEO Brian Armstrong remains optimistic that long-awaited US stablecoin legislation could pass the Senate soon, despite recent Democratic pushback over concerns ranging from political ties to consumer protection. The bill, seen as crucial for crypto's mainstream growth, stalled last week but is gaining urgency across party lines. Armstrong argues for fair competition with banks, opposes restricting interest on stablecoins, and says crypto is modernizing finance. As Coinbase joins the S&P 500, Armstrong calls it a clear signal that crypto is here to stay and poised to play a central role in the future of payments.

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New Fortress Energy Reports $197M Loss, Sells Jamaican Assets to Cut Debt

New Fortress Energy reported a $197.4 million loss in Q1 as weak performance across all segments and falling revenues hit the US LNG company hard, sending shares down nearly 19% in after-hours trading. Revenue dropped to $470.5 million from $690.3 million year-over-year, while margins at its terminals and shipping units declined sharply. To manage its $8.9 billion debt, the company sold its Jamaican operations to Excelerate Energy for $1.06 billion a move CEO Wes Edens called a key step in streamlining operations and reducing liabilities.

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That’s a wrap for this edition of Finance Megaphone.

We hope the insights and updates we’ve shared help you stay informed and ready to take on the market. Remember, knowledge is power, and we’re here to keep you in the know every step of the way. Be sure to check back next edition for more timely news, expert analysis, and the latest trends in the financial world.

Until then, keep investing smart and stay ahead of the curve!

Discleimer
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