As federal agencies prepare for new executive leadership, an obscure ethics rule threatens to hamstring the incoming Trump administration’s ability to develop sound digital asset policy. Legal Advisory 22-04, issued by the Office of Government Ethics in 2022, has flown largely under the radar as part of the Biden administration’s…

Flowco Holdings Inc. (FLOC), a provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry, today announced the closing of its initial public offering of 20,470,000 shares of its Class A common stock at a public offering price of $24.00 per share, including…

POLITICS

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By Jonathan Stempel NEW YORK (Reuters) -Robert Menendez, the disgraced former U.S. senator from New Jersey, should spend at least 15 years in prison following his corruption conviction, after he betrayed voters by putting his office “up for sale” in exchange for bribes, U.S. prosecutors said. The recommendation was filed on Thursday night in Manhattan federal court, a week after Menendez’s lawyers pleaded for leniency, citing the 71-year-old’s age, decades of public service, charitable works, devotion to family, and financial and professional ruin. Probation officers recommended a 12-year prison term, which Menendez’s lawyers described as an effective “death sentence.” Menendez,…

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Investing

The Federal Reserve cut interest rates by an “historic” 50 basis points. Then, interest rates soared. Wait. What? The Federal Funds Rate is a target (technically a target range) that influences short-term rates in the economy. Money market funds, for example, pay interest based on this benchmark. They pay 0.5%…