A cryptocurrency trader lost nearly $70 million in Wrapped Bitcoin (WBTC) after moving the enormous reserve to a suspicious wallet address.
Investors
UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire
Universal Music Group has denied allegations that it has intervened in the beef between Aubrey “Drake” Graham and Kendrick Lamar Duckworth, while also being under fire after Glass Lewis urged shareholders to revolt against a salary increase for its CEO, Lucian Grainge.
Amgen Challenges Novo Nordisk, Eli Lilly in Weight Loss Drug Market as Investors Flock for Next Obesity Drug Payout
Amgen witnessed an impressive 12% surge in its shares on Friday, marking its most substantial single-day increase in nearly 15 years.
Capital Gains Tax Increase: What Investors Need to Know About Biden's Proposed Changes
Several financial experts say the Biden administration’s proposal to raise capital gains tax will negatively affect the US economy.
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey.
Latest News
Billionaire Investors Steven Cohen and Israel Englander shifted their focus from Nvidia to Oracle, citing Oracle's potential in the AI sector and its consistent revenue growth in cloud infrastructure.
After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers.
Apple Inc. unveiled an unprecedented $110 billion buyback initiative, marking its largest buyback program to date.
Renewable energy entrepreneur Leandro Leviste expands into media, acquiring an 8.5% stake in ABS-CBN Corp., with personal ties to former anchor Loren Legarda.
Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering.
Former President Donald Trump has received another $1.6 billion worth of shares in Trump Media & Technology Group.
JPMorgan Chase is expected to reach a resolution with a third US regulator that will require the bank to pay a civil penalty of $100 million.
Microsoft's decision to invest in OpenAI stemmed from concerns about lagging behind Google in AI capabilities
Microsoft announced Tuesday that it will invest $1.7 billion in Indonesia over the next four years to construct new cloud and AI infrastructure.
