Finance
Crypto losses hit $700 billion as Bitcoin sees worst week
Bitcoin is slipping and how. On Friday, the cryptocurrency and its peers slid marking a 24% decline since Nov. 16…
Goldman Sachs defends 1MDB fraud charges, passes buck to ‘rogue’ staff
Giving a new twist to the controversy surrounding its involvement in the infamous 1Malaysia Development Berhad scandal, Goldman Sachs (GS)…
Softbank pours another $3 billion into WeWork
New York-based WeWork said it will receive $3 billion in funding, in yet another investment from its already biggest financier…
SoftBank plans IPO for Japanese mobile unit
SoftBank Group Corp. is planning to raise over $20 billion through the IPO of its Japanese mobile division. The company…
MoneyGram tops Q3 earnings expectations; revenue misses
MoneyGram International Inc. (MGI) reported better-than-expected earnings for the third quarter of 2018 while revenue missed estimates. Though the earnings…
SEC fines Citibank for mishandling American Depository Shares
The US Securities and Exchange Commission (SEC) finally caught up with the Citibank (C) and fined them $38 million for…
Who is David Einhorn and why is he aggressively shorting Tesla?
During the earnings conference call of Greenlight Capital Re Ltd (GLRE) on Tuesday, hedge fund manager and revered investor David…
Preview: Square under pressure to prove worthiness as it reports Q3 earnings
Square (SQ) stock more-than-doubled in the past 52 weeks to hit an all-time high of $99.01 on September 28, before…
European banks clear stress test, but Barclays shocks
On Friday, the European Banking Authority (EBA) published the results of the 2018 stress tests, which showed that all the…