Reddit Inc. Has doubled its valuation to a new round of $ 6 billion, which the social-media company has added to users through the Kovid-19 epidemic and recently gained attention for its …
Read More »Elliot Management explores the establishment of an SPAC
Elliott Management Corp, a hedge fund known for its high-profile shareholder-activist campaign, wants to join the Ceasing SPAC Craze. The firm, founded by billionaire Paul Singer, is meeting with bankers about raising …
Read More »Officer Who Shot Capital Riot Ashali Babbitt Should Not Be Charged, Investigators Advised
WASHINGTON – Investigators have made an initial determination that no crime should be committed in relation to her death, according to people familiar with the review on the police officer who shot …
Read More »Robinhood raises another $ 2.4 billion from shareholders
Robinhood has been flooded with demand for trading a handful of popular stocks over the past week. Photo: Tiffany Hagler-Geard / Bloomberg News Updated February 1, 2021 at 12:09 pm ET Robinhood …
Read More »Exxon, Chevron CEO Discusses Merger
Exxon Mobil Chief Officer Corp XOM -2.65% And chevron Corp CVX -4.29% The combination of oil giants was talked about after the epidemic last year shook the world, according to people familiar …
Read More »Exxon, Chevron CEO Discusses Merger
Exxon XOM Chief Officer -2.65% Mobil Corp and Chevron Corp CVX -4.29% Last year talked about a combination of oil giants, according to people familiar with the negotiations, to test for water …
Read More »Melvin Capital lost 53% in January, Gametop and other bets hurt
Melvin Capital Management, a hedge fund that has recently taken the brunt of losses from soaring stock prices, lost 53% in January, according to people familiar with the firm. Melvin was founded …
Read More »Biden Freezes US Arms Sales to USA, UAE
According to US officials, as reviewed by billions of dollars in arms transactions approved by former President Donald Trump, the Biden administration has imposed a temporary freeze on US arms sales to …
Read More »Starbucks executive Rose Brewer named Valgrens as CEO
Walgreens WBA 2.86% Boots Alliance Inc. has named Starbucks Corp. operating head Rose Brewer as its next chief executive, the only black woman to lead today’s Fortune 500 company, according to people …
Read More »$ 2.75 billion investment in Melvin Capital Management from Citadel, Point 72
Citadel Fund LLC and Point 72 Asset Management are investing $ 2.75 billion in Citadel Fund Alvin Capital Management, which has been hit hard by a series of small bets to start …
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