In a shocking turn of events, two major U.S. banks, Silicon Valley Bank and Signature Bank, have collapsed. The Federal Reserve quickly took action, and United States President Joe Biden announced tha...
Tag: Bails
100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank
The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender swung from being presumed robust and profitable t...
Galaxy Digital Bails Out Bitcoin Miner Argo Amid Bankruptcy Rumors
Bitcoin miner Argo Blockchain announced on Wednesday that it reached a deal with Galaxy Digital in an effort to avoid the threat of bankruptcy. Upon the agreement, Galaxy Digital will acquire Argo’s t...
FTX’s unpredictability, expensive bails, Binance’s ups and downs
With the collapse of the Bahamas-based cryptocurrency exchange FTX, the crypto winter got colder, and regulators have been speculating both positively and negatively. Binance, on the other hand, has b...
Dimon Highlights Need For More Oil And Gas Investment As Vanguard Bails On ESG Group
UNITED STATES – SEPTEMBER 22: Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate … [+] Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nat...
Binance Bails Out From FTX Takeover Deal
Binance has announced that it will “not pursue the potential acquisition of FTX.” Binance on Twitter announced the crypto exchange would end the acquisition plans because, among other reas...
Binance Bails On FTX Acquisition — Here’s What Led To The FTX Crypto Crash
Topline Binance will back out of its agreement to buy rival cryptocurrency exchange FTX, Binance said Wednesday afternoon, the latest in the sudden unraveling of billionaire Sam Bankman-Fried’s crypto...
Adidas Bails From Yeezy. Why That Packs a Punch.
Times are tough at Adidas The German company has too much inventory and falling China sales. It’s slashed guidance, and earnings ran about half what Wall Street expected. The stock is down by more tha...
Global Food Crisis Back On? Russia Bails From Grain Deal, Blaming Ukraine Drone Attack
Topline Russian officials reneged on its deal with Ukraine clearing the Black Sea for grain exports, after it claimed Ukraine led a drone strike on its Crimean naval fleet—threatening what officials w...
Apple bails on increasing iPhone production: what does it mean for the stock?
Apple Inc (NASDAQ: AAPL) is reportedly bailing on plans to boost iPhone production after its recently launched iPhone 14 failed to push demand as high as the multinational had anticipated. Shares brok...
Germany Bails Out Energy Giant Uniper In Latest Sign Of Deepening European Energy Crisis
Topline The German government will take a 30% stake in flailing German energy company Uniper at a multibillion dollar price tag, the company announced Friday, in a massive bailout showing the dire con...
Alameda Ventures Bails Out Voyager With $200M & 15K BTC
Apparently, Voyager Digital is out of the woods. The company ran into liquidity issues when Three Arrows Capital failed to pay a huge loan to them. Welcome to another chapter of the crypto death spira...
FTX Chief Executive Sam Bankman-Fried Bails Out BlockFi
FTX chief executive Sam Bankman-Fried has acted as a lifeline for the struggling $900bn crypto industry by providing the much-needed second bailout this week. He has done this twice in the past few we...
Alameda Bails Out Voyager Digital on News of 3AC Exposure
Key Takeaways Crypto exchange Voyager was exposed to Three Arrows Capital to the tune of $667 million. The company has already secured a loan from Alameda Research in order to make sure Voyager custom...
FTX Exchange Bails Out BlockFi With $250M
Is FTX saving the crypto industry or taking control of it? The derivatives-focused cryptocurrency exchange has been on the sidelines, watching everything around them collapse, and finally decided to t...
AI-Powered Stock Fund Bails Out of Mega-Cap FANG Names
(Bloomberg) — An artificial intelligence-guided fund that has been lagging the market has jettisoned its mega-cap tech names in a bid to right the ship. Most Read from Bloomberg The AI Powered E...
Elon Musk Bails on Twitter: What It Means for the Stock
Text size Tesla CEO Elon Musk filed to end his $44 billion merger agreement with Twitter on July 8. POOL/AFP via Getty Images Tesla CEO Elon Musk’s move to terminate his $44 billion deal to purchase T...