Citigroup Inc. is shutting down most of its consumer banking operations in Asia, Europe and the Middle East, the latest sign that the original financial supermarket is rethinking how to do business. …
Read More »Toshiba Receives Settlement Proposal That Could Be Worth More Than $ 20 Billion
Japan’s Toshiba Corp. said on Wednesday it received an acquisition proposal from private equity firm CVC Capital Partners, in a deal that could be valued at more than $ 20 billion if …
Read More »Coinbase earned more in the first quarter than in all of 2020
Coinbase Global Inc. profited handsomely from bitcoin’s first-quarter rally, generating more profit and revenue in the first three months of 2021 than in all of 2020. The company, which offers a variety …
Read More »Elon’s Brother Kimbal Musk Pockets Over $ 7 Million From Tesla Stock Trading
Kimbal Musk, Elon’s younger brother, made more than $ 7 million trading shares of Tesla Inc., as he acquired shares through options and sold them on the same day at an average …
Read More »The IRS wants to know everything about your Bitcoin holdings, and this subpoena is a reminder
The IRS wants Circle, a Boston-based fintech company that enables trading of various types of cryptocurrencies, to produce account registration information, account activity records, and other materials for clients who had at …
Read More »GameStop to sell shares after social media-fueled trading frenzy
GameStop Corp. said it could raise hundreds of millions of dollars from the sale of shares in the coming months as the video game retailer turns to public markets to help support …
Read More »9 overdue stocks that look promising
Text size Chipmaker Qualcomm has seen its shares fall nearly 10% so far this year. Qilai Shen / Bloomberg The S&P 500 it closed at a record Thursday, rising above 4,000 for …
Read More »Individual investors withdraw from the markets after a spectacular start to 2021
Individual investors started 2021 at a rapid pace. Now, they are finally showing signs of fatigue. Trading activity among non-professional investors has slowed in recent weeks after a highly successful start to …
Read More »SEC tells BlackBerry to stop using non-GAAP revenue metric that was first highlighted by MarketWatch
BlackBerry Ltd. agreed to stop adjusting its income, an issue highlighted by MarketWatch in the past, after receiving a comment letter from the Securities and Exchange Commission questioning the practice. The cybersecurity …
Read More »ThredUp Shares Jump 30% On Market Debut
Shares in ThredUp Inc. opened 30% above the trading price on its market debut on Friday, an early sign that investors continue to be bullish on online second-hand retail. Shares of the …
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