Join the most important conversation in crypto and web3! Secure your seat today The U.S. Securities and Exchange Commission accused stablecoin issuer Terraform Labs and its founder, Do Kwon, of transferring thousands of bitcoin worth millions of dollars to a Swiss bank account following the enterprise’s collapse in May, court …
Read More »Strong Economic Data Weaken the Case for Continued Stock Rally
Text size Lael Brainard is leaving the Fed to head the White House’s National Economic Council. Jim Vondruska/Bloomberg The dash for trash has hit a speed bump. Stocks faltered again this past week as the early-year rally, led by rebounds in 2022’s speculative-grade losers, ran into resistance from higher expected …
Read More »A-Rod’s SPAC Is the Latest to Be Hit by Investor Redemptions
(Bloomberg) — A blank-check company led by former New York Yankee Alex Rodriguez became the latest firm to be rocked by investors opting to swap their stock for cash as the industry fizzles. Most Read from Bloomberg Slam Corp., the special-purpose acquisition company formed between Rodriguez’s investment firm A-Rod Corp. …
Read More »Albemarle, Lithium Stocks Beat the Market for Years. Until Now.
Text size Albemarle and Livent reported solid earnings this past week, sending shares higher. Above, a scientist works on lithium battery research at an Albemarle facility in North Carolina. Logan Cyrus/Bloomberg Lithium is the metal at the center of the electric vehicle revolution and shares of lithium producers have beaten …
Read More »WSJ News Exclusive | Facebook Parent Meta Gives Thousands of Workers Subpar Reviews
Facebook parent Meta Platforms Inc. META -1.27% gave thousands of employees subpar ratings in a recently concluded round of performance reviews, a signal that more job cuts may be on the way, people familiar with the matter said. The company also cut a bonus metric, the people said, one of …
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