sbf

Sam Bankman-Fried Pleads Not Guilty to Charges Regarding FTX | Here are All the Charges

Per Reuters Sam Bankman-Fried pleads non-guilty to charges filed against him from multiple departments regarding FTX. His trial could spread up to four weeks, and its date is set on Oct 2, set by U.S. District Judge Lewis Kaplan. The FTX founder was initially arrested on Dec

enviva

EVA Shares Plunged: Here's What Happened

The Situation Enviva Inc (NYSE: EVA) shares – the world's largest producer of wood pellets – plunged on Tuesday after investors were reminded that a class action lawsuit was filed and that they should contact a stockholder rights law firm. As of 11:30 AM ET, Eviva Inc shares dropped

tesla

Tesla Receives $2.2 Million Fine from South Korea After Failure to Disclose Low-Temp EV Performance

Per Reuters Tesla was slapped with a $2.2 million fine from South Korea's antitrust regulator. The Korea Fair Trade Commission (KFTC) said that from August 2019 until recently, the company failed to disclose its true driving ranges, cost-effectiveness, and performance. The KFTC shared how Tesla EVs

spacex

SpaceX is Trying to Raise $750 Million in Its First Funding Round of 2023

Per Reuters SpaceX is trying to raise $750 million by offering secondary shares, the first funding round of 2023. The space company's last funding round was in June 2022, when the company raised $1.68 billion. In its last June equity financing, SpaceX investors included Alphabet Inc, Google&

twitter

Twitter Sued Over $136,250 in Rent Due For San Francisco Office Space

Per NY Post Twitter has just received a lawsuit over failure to pay rent since Elon Musk's acquisition of the company. The lawsuit comes from the company's San Francisco HQ landlord, alleging that the company failed to pay $136,250 in rent. Columbia Property Trust filed

congressional trading

2022 Congressional Stock Trading Report

Here we are again. Congressional stock trading was a hot topic in 2022. Our 2021 political trading report brought international attention to Congress and their stock portfolios and for the first time caused a large public outcry on the topic. Within weeks of publishing it, Congress acted swiftly with drafting

billionaires

Global Billionaires Lost Almost $2 Trillion in 2022: American Billionaires Lost $660 Billion

Per Forbes The wealth of global billionaires has dropped by almost $2 trillion in 2022 alone, with American billionaires making up around a third of that loss. The biggest loss in 2022 in terms of net worth was Elon Musk's $115 billion. To give a clearer perspective on

americans

American Retirement Age Increased from 62.6 in 2021 to 64 in 2022

Per Northwestern Mutual A report from Northwest Mutual found that Americans had to work almost a year and a half to retire. While workers in the US used to retire earlier due to the economic situation, the study found that Americans now have to settle for working until age 64.

Michael Burry

Michael Burry Gives 2023 Predictions: 'We Will Have Another Inflation Spike'

Per Market Insider Michael Burry acknowledged that inflation peaked but said this wouldn't be the end of the peak cycle. The "Big Short" investor says the Consumer Price Index (CPI) is likely to drop further, and another inflation spike will likely happen. The "Big Short&

BlackRock lost the largest amount of money lost by a single firm over a six-month period.

Per Bloomberg: BlackRock, $BLK,  lost the largest amount of money lost by a single firm over a six-month period in July. In the first half of this year, it lost $1.7 trillion of clients' money. At the end of June, only a quarter of its asets were

Elon Musk has become the first person ever to lose $200 billion

Per Bloomberg: Elon Musk has become the first person ever to lose $200 billion. After Amazon's Jeff Bezos, Musk was the second person with more than $200 billion of "personal fortune", a figure he achieved in January 2021. Elon's Musk decreased by $137 billion

SBF has allegedly cashed out $684,000 from a crypto exchange in Seychelles while being under house arrest

SBF has allegedly cashed out $684,000 from a crypto exchange in Seychelles while being under house arrest, per Cointelegraph’s reporting. This was initially shown by analysis from BowTiedIguana, who suggested that he had violated release conditions to not spend more than $1,000 without permission from court. Within

Global stock wipeout at $18 trillion

Forbes reports that there was a record $18 trillion wipeout globally. With a drop of more than 20% in 2022, the MSCI All-Country World Index is on track for its worst performance since the 2008 crisis. Tesla and Meta, for example, have lost nearly 67% of their value. Amazon

here's why

FUTU Stock Plunged: Here's What Happened

The Situation Futu Holdings Ltd (NASDAQ: FUTU) shares – a holding company in digitized brokerage and wealth management platform internationally, with Tencent being its largest investor as of 2019 – plunged on Friday after reports from China's securities regulators regarding unlawful securities businesses being conducted. As of 1:00 PM

twitter

New Report Says Only 1.6% of People Saying They Will Leave Twitter Will Actually Leave

Elon Musk's $44 billion acquisition of Twitter was met with both praise and criticism, with some users threatening to leave the social platform and only a few actually leaving. A new report says that just 1.6% of people who say they'll leave will actually do

hedge fund

Global Hedge Funds Set to Hit 14-Year-Low Performance But Not as Bad as Equity and Bond Markets

Per Reuters Many investors have reportedly struggled in the market as inflation and other international factors have affected the overall economy's performance. Aside from individuals, even global hedge funds are expected to reach their worse performance in 14 years this 2022. The reportedly "worst performance" comes

biden

Biden Signs Bill Mandating TikTok's Removal from Phones of Gov't Employees Under 'Electoral Count Act' Reformation

Per CBS News President Biden signed a government spending bill worth $1.7 trillion with a segment including the mandated removal of TikTok from the phones of government employees. The bill also included additional funding to aid Ukraine. The President of the United States just signed into effect a $1.

Twitter reportedly closes Twitter office

Per NewsMax: Twitter reportedly has closed its Twitter Seattle offoce. Employees are asked to work from home. The New York Times reported Thursday that Twitter “stopped paying rent at its Seattle office, leading it to face eviction,” citing people familiar with the matter. Previously, 208 Seattle-based employees were cut.

Biden signs $1.7 trillion government funding bill

Biden signed the $1.66 trillion funding bill that keeps government running until September 2023. It is estimated to provide $45 billion to Ukraine. The bill passed House and Senate. Biden stated: the bill is proof Republicans and Democrats can work together. Kevin McCarthy said: This [legislation] is a monstrosity

Andrew Tate Arrested

This is a developing story. Originating from the Romanian outlet Libertatea, claims are coming that Anrew's Tate home in Pipera had been raided by Romanian police. An hour later, it was reported that Romanian police had taken Andrew and his brother into custory. The raid was carried by

SBF met with White House Aides

This is still a developing story. Sam Bankman-Fried held at least four meetings with White House officials, while his brother Gabriel had another meeting. Bankman met most recently on September 8th, and the meeting was unreported by the White House. He also met on April 22, May 12th, and

here's why

CALM Stock Plunged: Here's What Happened

The Situation Cal-Maine Foods Inc (NASDAQ: CALM) shares – a fresh egg producer selling mostly in the mid-Atlantic, southwest, east-west, and midwest states – plunged on Thursday after the company reported Q2 profits that missed estimates. As of 1:50 PM ET, Cal-Maine shares dropped by 13.79%

taiwan

Taiwan Could Buy Anti-Tank Systems from the U.S. for $180 Million After State Department Approves Sale

Per Reuters Taiwan can now buy anti-tank systems from the United States while China is ramping up its military, diplomatic, and economic pressure on the country. The Pentagon announced that they approved the possible sale of Volcano anti-tank mine-laying systems. The U.S. State Department gave the

milan

Two Flights to Milan from China Showed Almost Half of the Passengers were Positive for COVID-19

Per Bloomberg Despite China's zero-COVID policies, two flights to Milan resulted in plenty of passengers testing positive for the virus. The authorities reported that over half of the passengers had the virus. While the rest of the world has loosened its COVID restrictions, China's tightening

Cathie Woods

Cathie Wood Buys Additional Tesla Shares with Valuation Over $2 Million

As Tesla shares are down 69.53%, but this included a jump of 8.10% as of press time as ARK Investment's Cathie Wood buys up 17,960 shares. Woods has remained bullish on Elon Musk's EV company and now holds a sizeable amount of TSLA