LIV Golf generated 'virtually zero' revenue during inaugural season, league attorney's admit
The controversial circuit was able woo some of the biggest names in golf such as Phil Mickelson and Dustin Johnson, but raked in virtually zero,” federal court documents showed.
Copper shortage gets real
A copper deficit might extend beyond 2023 as mining issues in the South American countries of Peru and South America threaten global supply.
Bed Bath & Beyond stock nearly doubles on short trading
Bed Bath & Beyond shareholders are watching their stock rise even as bankruptcy looms while Wall Street traders short the stock.
Newmont makes $16.9B bid for Australia gold producer
The Newmont Corporation has made an indicative $16.9 billion takeover offer for Australia's top goldminer Newcrest Mining to combine the goldmining companies’ assets in China and Australia.
Carlyle names former Goldman exec Harvey Schwartz new CEO
The private equity firm, The Carlyle Group, has officially announced former Goldman Sachs Inc executive Harvey Schwartz as the company’s new CEO and will replace co-founder and interim CEO Bill Conway.
US sanctions Iranian drone maker for supplying Russia's operations in Ukraine
The U.S. Treasury announced new sanctions against an Iranian drone manufacturer for providing Shahed drones to Russia that the Kremlin has used in airstrikes against Ukraine.
Disney earnings, Fed’s Powell speech, SBF bail backers? Top week ahead
From President Biden's State of the Union address to a host of earnings from the likes of Disney, Uber and Mattel, investors are staring down a busy week.
Nordstrom responds to activist Ryan Cohen
Shares for the department store chain Nordstrom spiked following reports that meme-stock investor Ryan Cohen was purchasing more shares of the company.
The unusual crew behind Tether, crypto’s pre-eminent stablecoin
Tether is a stablecoin traded more frequently than bitcoin which is redeemable for US Dollars, however like a bank, the cryptocurrency is not immune from a run.
Why America should ban crypto
Charlie Munger, Vice Chairman of Berkshire Hathaway, compares cryptocurrencies to gambling, and advises the US to follow England's solution to the South Sea Bubble of 1720.
Gold demand at its highest since 2011
The World Gold Council revealed that demand for gold hit highs last year not seen since 2011, fueled by central bank tightening cycles, including the Federal Reserve's.
Sam Bankman-Fried barred from contacting FTX employees, using Signal messaging app
Sam Bankman-Fried, the FTX founder who is scheduled to face a criminal trial in October, has been blocked by a judge from reaching out by himself to current and former staff.
Bed Bath & Beyond could file for bankruptcy this week
Bed Bath & Beyond reportedly could file bankruptcy as early as this week and is currently looking close more stores.
Russia boosts China trade to counter Western sanctions
Russia and China have spent years building stronger economic ties, including a $55 billion gas pipeline and Russia’s increased usage of China’s yuan.
Russian oligarchs invest in US commercial real estate, bypassing sanctions as feds warn banks
The Treasury's Financial Crimes Enforcement Network warned banks to be on the lookout for Russian oligarchs trying to evade sanctions by investing in U.S. commercial real estate.
Apple, Amazon earnings, jobs data and Fed decision top week ahead
The Fed's February meeting as well as earnings from automakers, oil companies and tech companies, including the biggie, Apple, will steer financial markets this week.
Custodia Bank's Fed membership application denied by Federal Reserve Board
Custodia Bank's application for Federal Reserve System membership was declined, according to officials, due to concerns with cryptocurrency and safety risks.
Intel shares having worst day in 15 months
Intel is on pace to record its worst trading day loss since October of 2021 after the company reported poor quarterly and annual revenues.
Bed Bath & Beyond can't pay creditors, bankruptcy looms
Bed Bath & Beyond has filed with the SEC stating they do not have available resources to pay outstanding debt and will consider a variety of strategic alternatives including further cost reductions and bankruptcy.
US Treasury announces additional sanctions on Russia's Wagner Group
The U.S. Treasury Department expanded sanctions on Russia's Wagner Group and announced new sanctions for entities supporting the military complex.