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Nord Stream 2 investor wants to leave Russia

Nord Stream 2 investor wants to leave Russia

Wintershall Dea, one of the main European investors in the Nord Stream 2 gas pipeline, has announced it is pulling out of Russia after the company was criticized for continuing exploration and production of gas and oil in the country following the invasion of …

January 18, 2023• 2 min
Meme stock investor urges Alibaba to accelerate share buybacks
Investments

Meme stock investor urges Alibaba to accelerate share buybacks

Ryan Cohen, who typically invests in meme stocks, is urging Alibaba to accelerate its share buyback plan after acquiring a minority stake in the Chinese e-commerce group.

January 17, 2023• 2 min
AstraZeneca buys US biotech company CinCor
Biotech & Pharma

AstraZeneca buys US biotech company CinCor

AstraZeneca plans to acquire US biotech company CinCor in a deal worth up to $1.8 billion to expand its heart and kidney drug offerings.

January 10, 2023• 2 min
Tesla deliveries fall short of Wall Street expectations
Industry

Tesla deliveries fall short of Wall Street expectations

Tesla's fourth-quarter deliveries fell short of Wall Street forecasts, fueling fears that weaker economic growth and rising interest rates will slow demand for the US electric-carmaker's models in 2023.

January 3, 2023• 2 min
Despite US restrictions: Huawei continues as before
Technology

Despite US restrictions: Huawei continues as before

Huawei has said it is doing "business as usual" years after Washington imposed punitive restrictions that created a template for broader export controls on technology shared with Chinese companies.

December 30, 2022• 2 min
Goldman Sachs will cut jobs
Industry

Goldman Sachs will cut jobs

Goldman Sachs Chief Executive Officer David Solomon told employees in a memo that the bank is preparing to lay off employees in the coming weeks as it seeks to reverse its recent expansion efforts and scale back its consumer finance goals.

December 29, 2022• 2 min
Binance buys Voyager Digital
Blockchain

Binance buys Voyager Digital

Binance has bought the assets of bankrupt digital asset lender Voyager Digital, valued at just over $1 billion.

December 19, 2022• 1 min
Does Elon Musk fear for his family's safety?
Industry

Does Elon Musk fear for his family's safety?

Elon Musk's Twitter has suspended the accounts of a number of prominent US journalists for violating a recently introduced location-sharing policy, according to the entrepreneur.

December 16, 2022• 2 min
Goldman Sachs considers bonus cut of at least 40%
Industry

Goldman Sachs considers bonus cut of at least 40%

Goldman Sachs is considering cutting the bonus pool for its more than 3,000 investment bankers by at least 40 percent this year. CEO David Solomon would dare to make a deeper cut than his Wall Street competitors.

December 15, 2022• 1 min
FTX: One of the largest financial scams in US history
Industry

FTX: One of the largest financial scams in US history

The US Department of Justice has indicted Bankman-Fried on eight counts, including conspiracy to defraud customers and lenders, money laundering and violating campaign finance regulations, in an indictment released Tuesday. If found guilty, Bankman-Fried, who …

December 14, 2022• 3 min