On Tuesday, a federal judge said that the U.S. Securities and Exchange Commission couldn’t review her recent decision about Ripple Labs. This is seen as a big loss for the SEC’s efforts to keep cryptocurrency markets safe. In her ruling on July 13, U.S. District Judge Analisa Torres in Manhattan said that the sale of…
Eleven months ago, Sam Bankman-Fried was a crypto hero living in the Bahamas. He was in charge of a startup backed by celebrities, and his fans and friends thought he was the real deal. A math genius at MIT A thinker who went his own way instead of following Wall Street A generous person was…
Birkenstock, a German premium footwear brand sponsored by the private-equity firm L Catterton, announced on Monday that it will seek a valuation of up to $9.2 billion in its highly anticipated initial public offering (IPO) in New York. According to a filing with the U.S. Securities and Exchange Commission, the company and its selling stockholders…
Concerns Mount as Nike’s Stock Drops Around 2.5%: Potential 10-Day Losing Streak Looms Wednesday was the 10th day in a row that Nike’s stock went down. This happened after Foot Locker reported bad quarterly results and customers kept staying away from the shoe companies.During the day, the sneaker company’s stock dropped about 2.5%. If shares…
Juul Labs announced Wednesday that it intends to lay off around 30% of its personnel in order to reduce expenses and increase revenues. According to a corporate representative, the layoffs would effect around 250 individuals, lowering the company’s headcount to approximately 650. According to the Juul spokeswoman, this will save the company $225 million in…
Norway, August 23, 2023 – Equinor, a global leader in the energy sector, proudly inaugurated Hywind Tampen today, marking a historic milestone in renewable energy innovation. As the world’s largest floating offshore wind farm, Hywind Tampen represents a monumental achievement in sustainable power generation. Developed and operated by Equinor, in collaboration with its esteemed partners,…
Beijing intended to cool its housing market, but the repercussions from debt-laden developers and falling sales spread to the broader economy, creating a larger problem. A type In a market saturated with risk-takers, a Chinese real estate developer is on the verge of default. Due to a lack of funds, one of China’s largest asset…
The price of natural gas rose above Friday’s peak as a result of the failure of Australia’s negotiators to reach an accord. The port authorities and employees at one of the most important LNG terminals in Australia are unable to reach a wage agreement. If no agreement is reached by the first week of September,…
Meta is Preparing to Launch the Web Version of the Threads App, Transforming Online Conversations The Wall Street Journal says that Meta will unveil the web version of Threads, its rival to X (formerly known as Twitter), early this week. It has been frustratingly lacking a web version ever since the short-form posting service started….