Stefan He Qin, Wolf of Crypto Street, Pleads Guilty Over Securities Fraud
Stefan He Qin pleaded guilty to having stolen and disbursed almost all of his $90 million flagship hedge fund. He is also charged with the attempt to get more millions of dollars from another fund to repay the investors.
Feb 04, 2021 7:48 PM EST
Deutsche Bank Slays 2020 With Unexpected Earnings, Breaking Analysts' Loss Expectations
Analysis had actually expected it to not earn a cent; instead, they saw it making a huge loss of 201 million euros. That's what happened to Deutsche Bank in 2020.
Super Bowl 2021: Miller Lite Giving Away $8 To Battle Michelbob Ultra Head On
Miller Lite and Michelob Ultra have never went head-to-head like this in the past though. For years, Miller Lite and Bud Light seem to be the ones competing with each other.
Parler Fires CEO John Matze After Capitol Riot Scandal
Based on the memo that Fox News was able to obtain, Matze said he was terminated and that the decision was made without his participation.
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President Biden Pushes $1,400 Stimulus Checks; But, Who's Eligible?
Among the elements that President Biden said he is willing to compromise on is, who will be eligible for the next round of stimulus checks. He does not want to compromise on the amount, however, claiming the size of the $1400 payment should stand.
Feb 03, 2021 10:07 PM EST
Alibaba's Future Growth Uncertain After Jack Ma Caught Chinese Government's Ire?
Alibaba has reported higher-than-expected earnings for the December-quarter. But analysts now think the earnings are not likely to be enough to secure the company's growth if the government is monitoring its every move.
Feb 03, 2021 4:00 AM EST
Andy Jassy Net Worth: Is The Amazon New CEO as Wealthy as Jeff Bezos?
Annually, his salary as the CEO of AWS reaches $348,809. For the ordinary employee, this number is only aspired for.
Feb 03, 2021 3:19 AM EST
Debt Limit Might be Breached in Late Summer, Think Tank Says
The debt limit was temporarily suspended in 2019. However, it will already be reinstated Aug. 1. Has the COVID-19 successfully hit the United States so hard to a point of no return? It appears so, if the data and analysis from a Washington-based think tank will be based upon.
Feb 03, 2021 12:03 AM EST
Amazon Announces Q4 Earnings, 2020 Full Year Performance, and a New CEO for 2021
Amazon also announced that Andy Jassy will be taking on on the role of the Chief Executive Officer, while Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021.
Feb 02, 2021 7:25 PM EST
GameStop, AMC Drama Over: Are the Reddit Investors Losing?
The stocks that have became quite popular among the Reddit investors - those that have values that increased exponentially overnight, are now crashing.
Feb 02, 2021 10:38 AM EST
Republicans' Stimulus Proposal Deprives Third Check from 17% of Those Eligible Under President Biden's Plan
The GOP plan would allegedly cut of people earning higher than $50,000 a year and couples whose income is higher that $100,000
Feb 02, 2021 9:40 AM EST
CEO vs. CEO: Elon Musk Grills Robinhood Over GameStop Intervention
Musk did not merely directed the floor to Robinhood's CEO. Instead, what transpired seems to be a CEO-to-CEO showdown.
Feb 01, 2021 8:29 PM EST
WallStreetBets, GameStop Drama Eyed to be Movie Soon
Hollywood already has its sights set on last week's GameStop trading frenzy, knowing how interested investors and non-investors alike will be.
Feb 01, 2021 3:00 AM EST
Dow Futures Drop 100 Points, Should Investors Be Alarmed?
Futures contracts tied to the Dow Jones Industrial Average have witnessed a decline of 81 points, or 0.26%.
Jan 31, 2021 10:39 PM EST
GameStop UPDATE: Melvin Capital Loses 53%, Redditors Want to See it Lose Remaining 47%
MelvinIt remains to be seen if these fresh injections can save Melvin Capital from the very persistent "amateur" investors who have made the hedge fund their core "enemy."
Jan 31, 2021 8:59 PM EST
Facebook, Google Face Antitrust Lawsuit Charges
HD Media accuses Google of having so monopolized the online ad market that it has become a threat. A West Virginia newspaper has filed an antitrust suit against the tech giants, Facebook and Google for their ad activities.
Jan 30, 2021 2:00 AM EST
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