AMC insider selling picks up as meme stock rises amid retail wave
Insider selling activity at AMC Entertainment ramped up like never before during the recent explosive rally driven by enthusiastic retail investors. A…
Day: June 7, 2021
Biogen CEO says $56,000 annually for Alzheimer’s drug is ‘fair,’ promises not to hike price for at least 4 years
Biogen CEO Michel Vounatsos told CNBC on Monday that the list price of $56,000 per year for the company’s FDA-approved Alzheimer’s…
Tesla veteran Jerome Guillen leaves after less than three months leading trucking business
Tesla executive Jerome Guillen has left the company after only three months as the president of its Heavy Trucking unit, according…
Salesforce CEO Marc Benioff expects half or more of employees to work from home after the pandemic: ‘The past is gone’
Salesforce CEO Marc Benioff said Monday that he expects half or more of his company’s employees to continue working from home after the…
Airport security company CLEAR files to go public as post-pandemic travel picks up
CLEAR, the company best known for helping travelers zip through airport security lines, filed its IPO prospectus on Monday, and indicated that…
Marc Benioff reveals investment in SpaceX, but says he’d need ‘a couple of Ativans’ to leave Earth
Salesforce CEO Marc Benioff said Monday that he’s bullish on space, noting that he’s an investor in Elon Musk’s SpaceX along with start-ups Astra, Swarm…
Goldman Sachs survey shows Asian hedge funds really don’t like bitcoin
Asian hedge funds may not be as bullish on bitcoin compared to their peers in the U.S., according to a…
Here are Cowen’s favorite ways to play the renewable future
The so-called clean-tech universe is attracting more dollars as investors bet on the energy transition, and Cowen put together a…
Interactive Brokers founder: Don’t short AMC, meme stocks — they can soar to ‘unimaginable highs’
Interactive Brokers founder and Chairman Thomas Peterffy on Monday issued a warning to investors betting against so-called meme stocks like AMC Entertainment.…
3 things investors should know before Stitch Fix reports third-quarter results on Monday
Investors are preparing for what could be another roller coaster in Stitch Fix shares when the online styling service reports fiscal third-quarter…
Kroger to hire 10,000 workers across its grocery brands
Kroger announced Monday that it will hold a hiring event on Thursday to fill 10,000 jobs across its businesses. The event…
U.S. recovers $2.3 million in bitcoin paid in the Colonial Pipeline ransom
WASHINGTON – U.S. law enforcement officials said Monday they were able to recover $2.3 million in bitcoin paid to a…
Stitch Fix shares soar as sales top estimates, styling service raises full-year outlook
Stitch Fix shares soared Monday after the online shopping and styling service reported a narrower-than-expected loss in its fiscal third quarter.…
IRS Is Sending More Than 2.8 Million Refunds To People Who Paid Taxes On Unemployment Benefits
Federal refunds are on the way to more than 2.8 million people who paid taxes on unemployment benefits that no…
Deutsche Bank Warns Of Global ‘Time Bomb’ Coming Due To Rising Inflation
Inflation may look like a problem that will go away, but is more likely to persist and lead to a…
Banks Commence N6.98 USSD Charge, Customers Kick
Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions. However, experts have…
FX: Analysts Doubt CBN’s Adoption Of ‘Market-Determined’ Rates
Analysts at FBNQuest Research have said that they are not “convinced” by the Central Bank of Nigeria (CBN)’s pledge to…
Dented By Jobs Miss, Dollar On Backfoot Ahead Of CPI
The dollar began the week on the defensive after being dented by a second batch of disappointing jobs figures, as…
Nigerian Government-Enforced Twitter Suspension Takes Effect
LAGOS, Nigeria (AP) — Millions of Nigerians were unable to access Twitter Saturday after the government enforced an indefinite suspension…
#TwitterBan: Job Losses Loom, Economic Woes To Worsen, NESG, Experts Warn
Friday Olokor, Leke Baiyewu, Okechukwu Nnodim, Temitayo Jaiyeola, Amarachi Orjiude, Lesi Nwisagbo, Kariola Mustapha, Amarachi Orjiude, Dayo Adenubi, Samuel Olatunji,…
ABCON Okays ‘Operation No Street Trading
The Association of Bureau De Change Operators has approved ‘Operation No Street Trading’ to stop the hawking dollars by Bureaux…
El Salvador Will Adopt Bitcoin As Legal Tender, President Says
Atlanta (CNN Business)El Salvador could become the first county to adopt bitcoin as a legal tender, Salvadorian President Nayib Bukele announced in…
We’re Increasing Forex To Banks For SMEs, Travellers, Tuition
The Central Bank of Nigeria said it has concluded plans to increase the amount of foreign exchange allocated to banks…