Tesla Inc. stock is looking at an 8% loss for the week, underperforming the broader stock market and auto peers as Chief Executive Elon Musk finished another roller-coaster week at Read more
Tag: Acquisitions/Mergers/Shareholdings
Scaramucci on FTX: I am ‘very disappointed’ and ‘don’t understand the motivation’
Anthony Scaramucci, founder and managing partner of alternative investment firm SkyBridge, said the firm is working to buy back a 30% stake it sold in September to crypto exchange FTX, Read more
Mazda Motor shares soar after guidance boost
Mazda Motor Corp. 7261, +7.99% shares rose sharply Friday morning after the Japanese auto maker boosted its full-year earnings guidance following strong quarterly results on higher shipment and selling prices. Read more
Sam Bankman-Fried takes blame for FTX liquidity issues: ‘I fucked up’
Crypto exchange FTX is undergoing significant liquidity issues, and CEO Sam Bankman-Fried “asked for help” from rival exchange Binance this week. Binance elected not to participate, and Bankman-Fried addressed the Read more
Tesla stock removed from Wedbush’s Best Ideas list over Twitter debacle; deal is an ‘agonizing cycle for investors to navigate’
Tesla Inc. stock was removed from Wedbush’s Best Ideas list on Thursday, with analyst Dan Ives citing the overhang from Chief Executive’s entanglement with Twitter Inc. “In what has been Read more
AstraZeneca lifts guidance after forecast-beating profit and sales
AstraZeneca PLC on Thursday lifted its guidance for the full year after reporting a swing to net profit and higher sales for the third quarter of the year, which both Read more
Investors fear potential FTX bankruptcy spilling over to reeling crypto, stock markets
Investors are concerned that a potential bankruptcy of FTX, once the world’s third largest digital asset exchange by trading volume, will spill over to the already battered crypto and stock Read more
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, Read more
Binance confirms it’s backing out of deal to buy FTX assets
Binance, the world’s largest crypto exchange, has confirmed that it is indeed backing out of its deal to buy rival FTX’s non-U.S. assets, according to a tweet sent from the Read more
Crypto investors rattled as Binance abandons its proposed acquisition of rival FTX
Binance, the world’s largest crypto exchange, is abandoning its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch. “As a result of corporate due diligence, Read more