Chase Coleman’s Tiger Global Management invested in the FTX crypto exchange at a $32 billion valuation. © 2017 Bloomberg Finance LP Tiger Global Management appears to have just taken another hit...
Category: Finance
Live Finance News Updates.
Coinbase says it has no material exposure to FTX or FTT
Coinbase CEO Brian Armstrong aimed to ease jitters triggered by news that FTX would sell its non-U.S. assets to Binance amid a liquidity crunch by saying the exchange he runs has no material exposure ...
Robinhood Collapses Following Difficulties of Savior
Sam Bankman-Fried bought a 7.6% stake in May in Robinhood, a brokerage meant to attract Millennial investors who sought to invest in cryptocurrencies. But Bankman-Fried, the founder of FTX, a popular ...
Fashion House Kaimin’s Hybrid Physical-Digital Collection Seamlessly Threads The Web3 Needle
Kaimin collection, November 4, 2022 Jonas Gustavsson Think you saw all that web3 has to offer the fashion world during the early fall showcases? Not so fast. Fashion house Kaimin’s launch of its new h...
Cosmos Hub Weighs its Future with Pivotal Cosmos 2.0 Vote Underway
November 8, 2022, 3:33PM EST • 13 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and brid...
Salesforce Cuts Hundreds of Sales Workers on ‘Accountability’
(Bloomberg) — Salesforce Inc. has cut hundreds of workers from sales teams, seeking to improve profitability while facing slowing demand for its software products in a choppy economy. Most Read ...
Jim Cramer says to ‘hope for the best, prepare for the worst’ ahead of October CPI report
CNBC’s Jim Cramer on Tuesday gave investors his expectations for the October CPI report. “Maybe this time will be different, and it could be. … But right now when it comes to the CPI, I th...
Kohl’s CEO Departure Was ‘Inevitable’ After Years Of Chronically Soft Sales
The retailer said that same-store sales declined another 6.9% in the third quarter. © 2021 Bloomberg Finance LP Amid mounting pressure from activist investors, years of shrinking sales, a tanking stoc...
New Treasury sanctions link Tornado Cash to North Korea’s nuclear weapons program
Despite industry pushback, the U.S. Treasury is not giving an inch in the fight over its sanctions on Tornado Cash. The Treasury’s Office of Foreign Asset Control has in fact added a desi...
The Story of Sam Bankman-Fried’s Backroom Deal With Binance’s CZ
We may never know how close Sam Bankman-Fried’s (SBF) crypto empire came to collapse, or the collateral damage that would have caused for the industry, but we do know the principal risks at play. And ...
Jim Cramer says these 10 ‘old guard’ stocks are making a comeback
CNBC’s Jim Cramer on Tuesday offered investors a list of 10 companies that he believes are rising to the top as tech stocks collapse. “It’s the revenge of the old guard right now, ri...
Weed is stomping out cigarettes in the US — here are 3 stocks to consider as the industry keeps growing
Weed is stomping out cigarettes in the US — here are 3 stocks to consider as the industry keeps growing Marijuana stocks don’t seem to be making the big headlines they used to. But that doesn’t mean t...
Novavax (NVAX) Q3 earnings
In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax post...
Insights On The Midterms, Marketing And Musk’s Terrible Week
Debating the future of marketing with (L to R) Ashley Haynes-Gaspar of Microsoft, Kickstarter CEO Everette Taylor, Square CMO Lauren Weinberg, and Sherry Phillips, Chief Sales & Marketing Officer ...
Japanese mobile operator NTT Docomo plans up to $4 billion web3 investments
Japanese mobile operator NTT Docomo plans to invest up to ¥600 billion ($4.1 billion) over several years to focus on web3 technology, the company said in its second-quarter earnings report. NTT ...
Why FTX is Not Lehman Brothers – Trustnodes
Famous last words, some might say, but cryptos have gone through enough experiences to establish to some level of a reasonable degree that Lehman style contagion can’t quite happen in crypto. Lehman B...
Disney+ adds whopping 12.1 million subs in Q4 but investors aren’t happy
Shares of Walt Disney Co (NYSE: DIS) lost as much as 10% in extended trading after the entertainment conglomerate said it missed both on top and the bottom line in its fourth financial quarter. DTC to...
R1 RCM stock suffers record selloff of more than 51% after rare profit miss, physician customer missed payment
Shares of R1 RCM Inc. RCM, -49.76% plummeted a record 51.7% toward a 4 1/2-year low in afternoon trading Tuesday, after provider of revenue cycle management services to health care providers missed qu...
Lucid (LCID) earnings Q3 2022
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid Group on Tue...
Gary Vaynerchuk’s VeeFriends Announces VeeCon 2023 In Indianapolis
By: Christos Makridis VeeFriends 2023 announcement Source: VeeFriends Today, Gary Vaynerchuk announced that VeeCon 2023 — a convening that brings together iconic leaders from business, web3, and pop c...
FTX implosion has U.S. regulators on watch
U.S. regulators are monitoring the implosion of crypto exchange giant FTX, which announced earlier today that it is selling FTX.com to rival exchange Binance. The Commodity Futures Trading Commi...
GE stock gains after tender offer to buy up to $7 billion of debt securities
Shares of General Electric Co. GE, +0.65% rose 0.4% in morning trading Tuesday, after the industrial conglomerate announced a tender offer to buy up to $7 billion worth of outstanding debt. GE said th...
Disney’s weak revenue and profit eclipse streaming subscriber growth
The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest companies in media and...
Dad Jokes, Weed And Lots Of Puns
Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and … [+] Exhibition March 9, 2020 in Washington, DC. Musk answered a range of questions relating to Space...
Sweetgreen (SG) Q3 2022 earnings miss estimates, stock tumbles
A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen fell 10% in afte...
Bahrain Announces Two ‘Significant’ Gas Discoveries
A Bahraini man examines a natural gas pipe in Manama, Bahrain on November 3, 2002 (Photo: Joe … [+] Raedle/Getty Images) Getty Images The small Gulf country of Bahrain said it had made two natur...
FTX ‘effectively paused’ withdrawals, CEO Sam Bankman-Fried tells employees
FTX.com effectively paused withdrawals, CEO Sam Bankman-Fried told staff via Telegram, according to Reuters. The exchange — which Binance has struck a deal to acquire — experienced around $6 bi...
Wells Fargo Embroiled in Yet Another Scandal
Sending money to family or making a rent payment through Zelle has many perks — it is immediate and does not come with the fees commanded by many traditional e-transfers. The instant payment ser...
Space company announces layoffs amid rocket delay
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Astra announced Tuesday it would lay...
Whisky Is Going Through An Experimental Phase
Whisky is growing faster than ever getty With the worldwide whisky category rising to a valuation of £60.63 billion in 2022 and the market expected to see annual growth of 7.10% (CAGR 2022-2025)*, it’...
Uncovering Promising Micro Caps With The Tiny Titans Strategy
. This week, we cover the O’Shaughnessy Tiny Titans stock-picking strategy and give you a list of stocks currently passing our screen based on the approach. The O’Shaughnessy Tiny Titans strategy focu...