Amid rising interest rates and a tightening credit market, companies with weaker balance sheets are getting squeezed by higher borrowing costs. Royal Caribbean Group (ticker: RCL) is a case in point. ...
Tag: Companies
Crypto derivatives platform Paradigm teams with FTX to offer ‘one-click’ futures spread trading
Crypto derivatives firm Paradigm is set to launch “one-click” futures spread trading in partnership with FTX. Friday’s announcement means that Paradigm users will be able to trade th...
Stronghold Digital Mining pushes back Q2 earnings due to ‘significant announcement’
Stronghold Digital Mining pushed back its second-quarter earnings conference call from this afternoon to August 15, the company said on Thursday in a press release. It is now the second mining company...
It’s a Good Time to Buy Berkshire Hathaway Stock. Here’s Why.
Text size Berkshire Hathaway CEO Warren Buffett. Johannes Eisele/AFP/Getty Images Berkshire Hathaway has never been in better shape. Its stock looks appealing after pulling back more than 15% from its...
Bitcoin mining stock report: August 11
Most bitcoin mining stocks closed Thursday higher than they were at open. The three stocks that faired the best were Hut 8 (US) at +9.23%, Hut 8 (Canada) at +9.2% and Argo Blockchain (UK) at +8.89%. ...
American Companies Escape China Sanctions Over Pelosi Visit: U.S.-China Forum
National Committee on U.S.-China Relations President Steve Orlins at the 4th U.S.-China Business … [+] Forum. Ethan Covey Photography When China was unhappy with South Korea over its decision to...
10 Companies That Would Pay More Taxes Under Inflation Reduction Act
Text size Packages ready to be sent at an Amazon center. Thomas Samson/AFP via Getty Images Some major companies, including Tesla and Amazon . com, are likely to face higher tax bills under the $750 b...
One Of The First Public Companies To Buy Bitcoin Is Selling Its Holdings But Claims It Remains 100% Bullish ⋆ ZyCrypto
Advertisement     An early investor in Bitcoin (BTC) dumped all of its holdings in a move that left enthusiasts scratching their heads. The company’s CEO asserts that ...
Bitcoin miner Hut 8 reports $69 million second-quarter net loss
Bitcoin miner Hut 8 reported a net loss of C$88.1 million (about $69 million) and a 17.8% decline in revenue to C$43.9 ($34.3 million) in the second quarter of 2022. The company’s financial resu...
The Big Winners—and Losers —in the Inflation Bill
Senate Majority Leader Chuck Schumer (D-NY) helped shepherd the Inflation Reduction Act through the Senate after earlier bills died. Drew Angerer/Getty Images Text size The House won’t take up Democra...
Several Large Chinese-Owned Companies Announce Plans To Delist From NYSE
Topline In an apparently coordinated action, at least four major state-owned Chinese companies said Friday they intend to delist their stocks in the U.S., as Beijing appears unwilling to bend to incre...
DeFi-focused trading app Structure launches in El Salvador, plans further expansion
A new trading app from Structure.fi is landing in El Salvador as it hopes to expand access to crypto and traditional investing to people worldwide. Structure.Fi aims to remove barriers to investing, S...
The Stock Price of Bitcoin Mining Companies Increased Over 100%
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BlackRock launches private trust offering direct bitcoin exposure
Investment manager BlackRock has launched a private trust offering US-based institutional clients exposure to spot bitcoin. The trust will be available to US-based institutional clients and will be Bl...
Wave of Chinese companies including PetroChina and Sinopec say they will de-list from NYSE
PetroChina PTR, +1.81%, China Life Insurance LFC, +2.32%, Sinopec SHI, +0.50% and Aluminum Corp. of China ACH, +0.98% have separately announced their intention to delist from the New York Stock Exchan...
Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap
Oil prices have fallen from a peak earlier this year. But energy companies’ earnings estimates have kept rising on stronger demand and low capital spending. Below is a screen of large-cap oil stocks a...
Semiconductor Companies Love Biden’s CHIPS Law. But Will Taxpayer Money End Up In China?
An Intel R&D lab in Chengdu, China. Intel has billions invested in China. The CHIPS Act should help … [+] the company invest in the U.S. But will the science component compel them to use tax...
CoinFLEX files for restructuring in Seychelles court: Bloomberg
Crypto exchange CoinFLEX has filed for restructuring in Seychelles, Bloomberg reported on Tuesday. CoinFLEX announced the restructuring process in emails to customers on Tuesday. “It will seek ...
Coinbase misses estimates, sees Q3 underperforming Q2
The tough quarter for cryptocurrencies took a bite out of Coinbase. The company reported a net loss of $1.1 billion, including impairment charges, in the second quarter, double the $546 million loss e...
German fintech Nuri files for insolvency amid market downturn
German fintech firm Nuri, formerly known as Bitwala, filed for insolvency at a Berlin court on Tuesday. The company filed for insolvency to “stay ahead of a lasting strain on the liquidity of [the] ...
Circle to only support Ethereum proof-of-stake chain after integration
USD Coin (USDC) issuer Circle Internet Financial will only support the Ethereum proof-of-stake chain after the chain integrations, the company announced in a blog post on Tuesday. The integration, du...
Opinion: Semiconductor companies have split into two groups — the resilient and the risky
Semiconductor industry CEOs this week celebrated on the White House lawn as the long overdue Chips and Science Act was signed into law by President Biden. While there is still contention on the bill, ...