What Gary Gensler’s Confirmation As SEC Chair Means For Crypto
He will be the first cryptocurrency policy and blockchain technology expert to take the reins at the SEC.
Coinbase Shares Hit $100B Valuation on Debut
The cryptocurrency exchange's buoyancy is tied to the crypto frenzy, as most cryptocurrencies are seeing irrational exuberance.
Alibaba’s Ant Group to Become a Financial Holding Company
The development comes after regulators imposed a $2.8-billion fine on Alibaba for violating anti-monopoly law.
Credit Suisse Rearranges C-Suite
“The significant loss in our prime services business relating to the failure of a U.S.-based hedge fund is unacceptable.”
Chip Supply Shortage Will Last Through 2022: Foxconn
The electronics manufacturer supplies big-name tech companies such as Apple, Alphabet, Amazon, and Microsoft.
Cazoo to Go Public in $7B SPAC Deal
The U.K. used-car seller will list on the NYSE by merging with blank check company Ajax.
WeWork to Go Public Via SPAC Merger in $9B Deal
The office-sharing startup is capitalizing on the SPAC boom following investor rejection of the IPO due to its losses.
GameStop Board to See Mass Departure
Chewy co-founder Ryan Cohen, who owns a 13% stake in the retailer through his RC Ventures, has been pushing for changes at the company.
GE Commits to Cutting Debt By 35% Within 3 Years
The U.S. industrial conglomerate provided more clarity on its debt plans to soothe investor nerves, sending shares up.
More Than Half Of Small Businesses Have Reopened: Survey
Forty-seven percent said reaching pre-pandemic gross revenues and total daily transactions would point to full recovery.
From Amazon Towards Microsoft — A Shift in the Cloud Arms Race
Microsoft could chip away further market share from Amazon cloud subsidiary Amazon Web Services.