Icahn Fined for Hidden Loans
The Securities and Exchange Commission (SEC) announced on Monday that billionaire activist investor Carl Icahn illegally failed to disclose billions of dollars in personal margin loans secured against his Icahn Enterpris...
IPO Bound
Rubrik Inc., a cloud and data security startup backed by Microsoft, is preparing for an IPO on the New York Stock Exchange under the ticker RBRK, highlighting its expanding role in the tech industry.
Financial Hig...
Steel Titans Clash
In a bold move aimed at solidifying its proposed $15-billion acquisition of U.S. Steel, Nippon Steel announced plans to relocate its U.S. headquarters to Pittsburgh, aligning closely with its target's base.
Th...
The Beef with Greenwashing
On Wednesday, NY Attorney General Letitia James sued meat giant JBS, accusing it of misleading environmental promises, particularly its claim to achieve net-zero emissions by 20...
Gridiron Revolution
Florida State University (FSU) is actively pursuing its plan to exit the ACC, a decision motivated by the need for greater flexibility in the rapidly evolving landscape of college sports.
FSU's motivation, as...
Trump's Truth Social flop
Former President Donald J. Trump recently released a personal financial disclosure to the FEC, providing the public with insight into his post-presidential business dealings.
Wh...
Scandal with cryptocurrency and celebrities
The US SEC has filed a legal case against Chinese entrepreneur Justin Sun and his 3 enterprises. The complaint asserts that Sun's businesses traded Tronix (TRX) and ...
Letter for the bank
Senator Elizabeth Warren has written a letter to the CEO of Signature Bank, Joseph DePaolo, demanding answers for what she claims to be the bank's "excessive risk-taking" and promotion of a "get-rich-quick narrative" during its e...
Weekend raises risk of regulatory scrutiny
Circle’s USD Coin, the world's second-largest stablecoin, took around 36 hours to fix its peg to the dollar after a liquidity crisis. While the token has been r...
Partnership with Twitter
More than half of the advertisers partnering with Twitter have suspended their work with the company due to disagreement with the policies of its owner Elon Musk. This was reported by CNN on Monday.
Some 625 companies, incl...
Musk not guilty
A jury in a California state court has found Elon Musk not guilty in a lawsuit brought by shareholders of the company he heads, Tesla. This was reported by CNN.
The lawsuit is based on a Twitter post by Musk, dated August 2018,...
Donations to politicians
Federal prosecutors in New York are gathering information regarding donations made by Sam Bankman-Fried, founder and former CEO of bankrupt cryptocurrency exchange FTX, to US politicians. This was reported by The New Yo...
FTX exchange founder's fortune
Sam Bankman-Fried, founder of cryptocurrency exchange FTX, which is going through bankruptcy proceedings, said he only had $100k left in his bank account, although his fortune was once valued at $26.5bn....
Musk's assumptions about the bankruptcy of Twitter
Entrepreneur Elon Musk said in his first address to Twitter employees that the company could go bankrupt if it does not bring in more money. This was rep...
Elon Musk's plans
Entrepreneur Elon Musk, who is acquiring Twitter, intends to more than quintuple the company's revenues in six years. The New York Times reported this on Friday, citing data from a presentation to investors.
According to its infor...
Twitter improvements from Elon Musk
US entrepreneur Elon Musk will join the board of directors of social network Twitter. It was announced in a statement on the US SEC website.
"The company will appoint Musk to it...
Elon Musk and Twitter
Twitter (TWTR) shares rose sharply by more than 25% on the pre-market on Monday after the media reported the SEC's findings that Tesla CEO Elon Musk had bought a major stake in them.
The surge in shares was likely triggered by...
Ben and Jerry's in Israel
The recent development of the Ben and Jerry's saga in Israel could prompt a Securities and Exchange Commission investigation, which members of Congress from both parties are seeking.
Israeli Justice Minister Gideon Moshe S...
Going public
The Cybersecurity company Zerofox acquired IDX the digital privacy Platform and going public with blank-check L&F Acquisition Corp LNFA.N, said company on Monday.
The pandemic has forced companies to adopt ...
Record low
Alibaba (BABA) shares are trading at a record low since May 2017 as investors worry about the risks of delisting on the US exchange.
The recent drop in Alibaba's shares stems from the Chinese e-commerce giant's fear of losing its main li...
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