The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Read more
Tag: Acquisitions/Mergers/Shareholdings
Tesla’s ‘Twitter nightmare’ to continue, analyst says
Tesla Inc. stock edged higher Thursday, but Wedbush analyst Dan Ives minced no words to decry what he called an ongoing Twitter Inc. “funding nightmare,” accusing Chief Executive Elon Musk Read more
Microsoft to buy stake in London Stock Exchange, which commits to spending billions on cloud services
Microsoft on Monday said it was investing in the London Stock Exchange in a deal that will see the stock exchange use the software giant’s data and cloud infrastructure. Microsoft Read more
FTC sues to block Microsoft’s $69 billion acquisition of game giant Activision Blizzard
The Federal Trade Commission on Thursday sued Microsoft Corp. to block its $69 billion deal to buy Activision Blizzard Inc. The acquisition, which would be Microsoft’s MSFT, +0.83% largest and Read more
CrowdStrike stock drops nearly 20% as elongating sales cycle slows new subscriptions
CrowdStrike Holdings Inc. shares dropped in the extended session Tuesday after the cybersecurity company said new subscriptions came in below expectations amid macro headwinds and longer customer buying cycles. Given concern Read more
Nestle lifts guidances, confirms plan to buy back $21 billion shares over 2022-24
Nestle SA has lifted its full-year organic sales-growth guidance and outlined targets for 2025 ahead of its investor seminar on Tuesday. The Swiss packaged-foods giant NSRGY, +0.11% NESN, -0.58% said Read more
Yes, you can invest as little as $100: Here are 4 ways to get started
This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it Read more
Rheinmetall to acquire Spanish ammunition maker Expal for $1.24 billion
Rheinmetall AG RHM, -1.20% said it has agreed to acquire Spanish ammunition maker Expal Systems SA for an enterprise value of 1.2 billion euros ($1.24 billion). Expal , which is Read more
SoftBank Group shares fall after disappointing second-quarter results
SoftBank Group Corp. 9984, -13.33% shares fell sharply Monday morning after the Japanese technology investment company posted disappointing second-quarter results and failed to announce additional share buybacks. The shares were Read more
Twitter’s advertiser exile is TikTok, Reddit and Snapchat’s gain, data suggests
In the two weeks since Elon Musk tried to reassure advertisers that Twitter wouldn’t turn into a “free-for-all hellscape” under his ownership, at least a few aren’t taking him at Read more