Tag Archives: capital

Activist short-seller Spruce Point Capital Management is taking aim at medical device company Stryker (SYK). Spruce Point unveiled its latest attack on Wednesday, saying Stryker has overpaid for recent acquisitions, has used questionable accounting practices and has executive compensation that isn’t aligned with shareholder interests. The activist has called on Harvard Business School dean and Stryker audit committee member Srikant Datar to evaluate its findings with “independent forensic… Source link

As the U.S. faces a cash crunch and global pressure to prioritize vaccinating African countries, two unlikely partners have joined forces to do the same, all without U.S. government funding or help. Baylor College of Medicine’s Dr. Peter Hotez and ImmunityBio (IBRX) executive chairman Dr. Patrick Soon-Shiong announced a partnership in late 2021 in which Hotez and his partner, Maria Elena Bottazzi, licensed their free, no-strings-attached COVID-19 vaccine candidate to ImmunityBio. And the… Source link

China made headlines in 2021 when it first banned all domestic cryptocurrency mining in June and then outlawed cryptocurrencies completely in September. Following Beijing’s decision, questions remained as to where large scale mining companies would move their operations to next, with China being responsible for much of their world’s mining activity up until the crackdown. GEM Mining CEO John Warren believes that the U.S. has been able to fill the vacuum left by the Chinese pullout of the… Source link

Microsoft CEO Satya Nadella at the company’s shareholders meeting in 2015. (GeekWire File Photo.) Microsoft CEO Satya Nadella sold half of his stake in the company in a series of transactions last week, divesting about 840,000 shares for a sum of more than $285 million, according to a regulatory filing. Nadella sold the shares “for personal financial planning and diversification reasons,” the Redmond-based company said in a statement Monday afternoon. “He is committed to the continued… Source link

By Pete Schroeder WASHINGTON (Reuters) – The U.S. Federal Reserve announced on Thursday how much each large bank that underwent the most recent stress test will have to hold on their books as capital cushions. The capital requirements for each of the 34 banks are based on how well each firm performed in the June test, and will take effect on Oct. 1. Goldman Sachs and Morgan Stanley were directed to hold the largest amount of capital to guard against losses, facing ratios of 13.4% and 13.2%,… Source link

Disappointing Q2 revenue reports and Q3 forecasts for Amazon (AMZN) may be symptomatic of a larger weakness, Volition Capital Managing Partner Larry Cheng said in an interview with Yahoo Finance Live. “[Amazon will] be dominant in the future,” Cheng said. “However, I do think during this period their Achilles heel has emerged, and it’s the strength and the weakness being the same thing for Amazon. Their strength is that they are ‘the everything store.’ Their weakness is that they are… Source link

Lucid Motors begins trading today as Lucid Group, Inc., under the new ticker symbol “LCID” after completing a merger with Churchill Capital Corp IV The transaction brings in $4.4B, which the company plans to use to accelerate its growth and increase manufacturing capacity to capitalize on expected demand Company has over 11,000 paid reservations for Lucid Air and is on schedule to deliver its groundbreaking luxury electric vehicle in the second half of 2021 Lucid’s leadership team reflects its… Source link

Bloomberg Twitter Has ‘Scary Amount of Power,’ Co-Founder Biz Stone Says (Bloomberg) — Twitter Inc. co-founder Biz Stone believes the social media company made the right decision when it banned then-President Donald Trump from its service in January, but that doesn’t mean he’s comfortable with it.“It’s a scary amount of power,” Stone said during an interview for the Collision Conference on Thursday. “The CEO of a company in San Francisco can quiet the president of the United… Source link

Bloomberg One of World’s Greatest Hidden Fortunes Is Wiped Out in Days (Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time — a multibillion-dollar fiasco involving secretive… Source link

TipRanks Analysts Say ‘Buy the Dip’ in These 3 Stocks Smart stock investing shouldn’t be emotional, but investors are only human, after all, making it difficult to follow a rational trading strategy. Investors should remember the advice of Warren Buffett: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” What Buffett is advocating is the oldest of market advice: buy low and sell high. Taking this into consideration, we set out on… Source link