Where does Wall Street’s fixation on corporate spinoffs come from?
The Colbert Report, Law & Order: SVU, and Better Call Saul — It’s not uncommon for a spinoff to surpass the quality of the original. …
Market
With its record profits, Chevron plans to repurchase $75 billion in stock
Chevron Corp. wants to buy back $75 billion worth of shares and raise dividends after making record profits last year. Politicians around the world were …
As Elon Musk Prepares to Make The First Interest Payment on Twitter’s $13 Billion Debt, Bankruptcy is a Real Possibility
According to a Financial Times report citing three unnamed sources familiar with the situation, Elon Musk may have to make the first interest payment on …
A trial has been scheduled for Elon Musk regarding his tweets about Tesla
Amidst the fallout from a company he did take private, embattled billionaire Elon Musk is now facing trial over a company he didn’t. Long before …
Goldman Sachs lost over $1 billion due to Apple Card
Goldman Sachs filed a document with the government for its “Platform Solutions” group of businesses, which includes Apple Card. Since 2020, Goldman’s consumer products are …
An explanation of how a 30-year-old fintech entrepreneur managed to con JPMorgan Chase
Here is What Happened….. Step 1: Make it known far and wide that something is wrong with higher education in the United States. That group …
Navigating the Economic Storm: Is a Recession Looming in the US?
The COVID-19 pandemic has brought the world economy to a standstill and the United States is no exception. The country has been hit hard by …
Lawyers for FTX say their client has recovered $5 billion in “liquid” assets
Attorneys for FTX testified during a bankruptcy hearing in Delaware on Wednesday that the company had recovered over $5 billion in liquid assets, such as …
More Than $1 Trillion in Cryptocurrency Value Has Been Wiped Out in Nearly a Year Since The Crypto Bowl
By almost any measure you can think of, it has been a hard year for people who are interested in cryptocurrencies. At the beginning of …
These Five Large Technology Companies Have Collectively Lost an Astounding $3.7 Trillion
This year, just five Big Tech stocks lost a total of $3.65 trillion in market value because the Federal Reserve quickly raised interest rates, which …
Binance Was Responsible for FTX’s Demise, According to Investor Kevin O’Leary
An investor named Kevin O’Leary testified before a United States Senate committee on December 14 that Binance was to blame for the collapse of FTX. …
Netflix (NFLX) Stock Falls on New Ad-Service Viewership Concerns
On Thursday, shares of Netflix (NFLX) fell after a report suggested the company isn’t attracting a large enough audience to its ad-supported tier to satisfy …
HSBC Will no Longer Support Oil And Gas Development
In an effort to reduce global greenhouse gas emissions, HSBC has announced it will no longer finance new oil and gas fields. Environmental organizations have …
Michael B. Jordan Is Now a Shareholder in AFC Bournemouth Football Club
After the £120 million (about $150 million USD) takeover of the Premier League club, Michael B. Jordan, who is best known for his roles in …
Fears of Bankruptcy Hit Carvana Shares After a Creditor Pact And a $1 Price Target, Sending The Stock Plummeting
On Wednesday, shares of Carvana (CVNA) went down like a rock after it was said that the online car retailer’s biggest creditors had signed an …
Warren Buffett Invested $4 billion in The Taiwanese Semiconductor Manufacturing Firm TSMC (His Stock Picks)
After Warren Buffett’s Berkshire Hathaway announced Tuesday that it had acquired a $4.1 billion investment in one of the world’s leading chipmakers, shares of Taiwan …
Emerging EV Maker ARRIVAL Flags Going-Concern Risk Foreshadows Layoffs in the UK
On Tuesday, Arrival, a startup focused on electric vehicles, announced that it would run out of money by the end of 2023. The company announced …
FTX Bankruptcy: What Exactly Went Wrong & Why?
You have likely heard of FTX’s recent misfortune. This has likely planted some doubts about the future of cryptocurrency in the minds of investors and …
CEO Sam Bankman-Fried Resigns, FTX Files For Chapter 11 Bankruptcy
As it attempts to repay creditors, customers, and investors, the crypto exchange will appoint a new CEO. Crypto is a disaster. The year 2022 got …
Musk Sells $3.95 Billion Tesla Shares After the Twitter Transaction
Following the completion of the $44 billion acquisition of Twitter Inc., Tesla (NASDAQ: TSLA) owner Elon Musk sold $3.95 billion worth of shares in the …
FTX is on the Verge of Collapse After a “Liquidity Constraint” at a Cryptocurrency Exchange
Binance steps in with a deal to save a rival exchange after a lot of people pulled their money out. Sam Bankman-FTX, Fried’s, one of …
10 Ways to Make Money & Stay Alive in Bear Market
Let’s go back to the fundamentals and go over the knowledge, character characteristics, and attitude you’ll need to make it through these times. Bear markets …
Since Elon Musk’s Initial Announcement That he Would Acquire Twitter, Tesla’s Stock Has Fallen More Than 35%
Shares of Tesla (NASDAQ: TSLA), an electric vehicle manufacturer, have dropped by more than 35% since Tesla CEO Elon Musk revealed his attempt to acquire …
AMC is Transforming Cinemas into Zoom Rooms for Large-Screen Videoconferencing
AMC is collaborating with Zoom to transform a few of its movie theaters into large videoconferencing rooms that can accommodate 75 to 150 people for …
Analyst Predicts Shares of Norwegian Cruise Line Will Increase by 100%
Ivan Feinseth, an analyst at Tigress Financial, said that the shares of Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) are still a “Strong Buy” and …
Tesla (NASDAQ: TSLA) Still Sells More Luxury Cars Than Any Other Brand in the US
Tesla is still the leader in the luxury car market in the U.S., far ahead of BMW and Mercedes-Benz, which are usually the leaders. Even …
Los Angeles’ Third Quarter Saw a Tiny Uptick in Venture Deals, But Investors Are Still Cautious.
Los Angeles is slowly recovering from a prior quarter drop but is still far off from the record-breaking year it saw in 2021, while the …