John J. Ray III, the new chief executive of FTX, testified in front of a House committee Tuesday on the collapse of the crypto exchange. His testimony came less than a day after the company founder, Sam Bankman-Fried, was arrested in the Bahamas. Photo: Al Drago/Bloomberg News
Disney might be the happiest place on earth, but one thing's for sure -- it isn't so happy there today. CEO Bob Iger sent out an email to Disney employees on March 27 informing them that the layoffs previously announced in February have begin.
Tesla shares are on the move higher as Barclays sees bullish signs for the EV-maker’s first quarter performance. Ina note this morning, analyst Dan Levy projects Tesla delivering 425K vehicles globally in Q1, beating what Barclays sees as consensus estimates of 420K vehicles - and that beat could be a another catalyst for the stock. Levy also sees some upside to production as well, writing “we believe commentary on the pace of production likely implies some upside, which we assume will be ~430k units in the quarter.”
Aiden Pleterski led a lavish lifestyle and owned McLaren sports cars and a Lamborghini — and even rented a plush waterfront home for $45,000 a month.
On March 27, 2023, Lumen Technologies, Inc (NYSE: LUMN) reported it faced two cybersecurity incidents. Last week Lumen discovered that a malicious intruder had inserted criminal ransomware into a limited number of its servers that support a segmented hosting service, degrading the operations of a small number of its enterprise customers. Lumen's recent implementation of enhanced security software has led to its discovery that a separate sophisticated intruder accessed a limited number of its int
(Bloomberg) -- On the surface, Charles Schwab Corp. being swept up in the worst US banking crisis since 2008 makes little sense.Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsFirst Citizens to Buy SVB After Biggest Failure Since 2008Stocks Rise as Banks Sigh in Relief; Bonds Retreat: Markets WrapThe firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate
Short sellers are getting bold again. And they've picked their favorite stock market targets to crash.
Read this before you trade in your gas guzzler.
An email from Meta CEO Mark Zuckerberg reveals his anger at a leak from a staffer. It was posted to Twitter by Internal Tech Emails (@TechEmails) on March 19. The leaked information involved a 2010 company Q&A in which Zuckerberg discussed a new initiative Facebook was working on.
Following multiple recent bank collapses, some on Wall Street estimated the Fed would step back from its by-now customary rate hikes when it convened to discuss its monetary policy last week. That did not happen, however, and Fed chair Jerome Powell announced another 0.25 percentage point rate increase. One prominent investor thinks that was unnecessary and counterproductive. “Obviously he (Fed Chair Jerome Powell) didn’t need to do what he did,” billionaire Barry Sternlicht said, likening the a
This year started with a strong rally in the markets, but the past month has seen the positive sentiments start to sputter. The failure of Silicon Valley Bank started fears of a contagion and consequent bank runs, which were only partially offset by Federal regulatory actions. But there’s a growing consensus that it was the Federal actions that set the conditions for the bank crisis, when the central bank raised interest rates to fight inflation. Now, investors are trying to cope with the fallou
U.S. lawmakers are considering changes to entitlement programs in the states, with some saying the country should raise the full retirement age.
While we see the recent market environment, one colored by the string of bank failures and subsequent stock market choppiness, driving favorable March options volumes for Cboe, the upward move in the shares has closed the potential upside to our $140 price target. As we write this alert, there is roughly 7% upside to that price level, which is leading us to downgrade the shares to a Two rating from One. While wheat prices are continuing to trade off following the renewal of an agreement that allows for the safe Black Sea export, as we pointed out in last week's Roundup, corn, soybean and even wheat prices remain above 2020 levels.
Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.
Living at home gives them a chance to save up and live cheaply. But should they do it at your expense?
A newly fired Fox News producer is seeking to recant testimony she said network lawyers coerced her into providing as Fox defends against Dominion Voting Systems' $1.6 billion defamation lawsuit. Abby Grossberg said Fox's lawyers left her feeling she "had to do everything possible to avoid becoming the 'star witness' for Dominion or else I would be seriously jeopardizing my career at Fox News." The former producer for Maria Bartiromo's Sunday morning show and later Tucker Carlson's prime-time show made the accusation as she filed amended lawsuits in Manhattan federal court and Delaware Superior Court accusing Fox of discrimination, retaliation, sexism and misogyny.
Agenus Inc (NASDAQ: AGEN) announced results from a cohort of 24 evaluable patients in an expansion of its Phase 1b study of botensilimab (multifunctional CTLA-4 antibody) in combination with balstilimab (PD-1 antibody) in patients with recurrent platinum-resistant/refractory ovarian cancer. These findings showed a 33% overall response rate (ORR). Other PD-(L)1 + CTLA-4 combinations in other trials reported 3-10% response rates in a comparable patient population. Also Read: Agenus Presents Clinic
The fourth and final season of the hit dark-comedy series Succession kicked off with the perfect backdrop to Roy family scheming: a sprawling clifftop property in the Pacific Palisades, Los Angeles.
Jack Ma's whereabouts are making headlines again, roughly a year after the billionaire founder of Alibaba disappeared from the public eye. Ma had chosen to stay abroad despite China's efforts to restore confidence in entrepreneurs, Bloomberg reported, citing unnamed sources. Within hours, however, it seems Ma actually visited an Alibaba-funded K-12 school in Hangzhou, according to an article published by the school, Yungu.
Biopharmaceutical company Gilead Sciences makes and distributes many drugs but today I am more interested in the position of the charts and indicators. Bottom-line strategy: GILD is a volatile stock that can move up or down quickly depending on the results of any given drug or treatment.
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