U.S. Government Blacklists Xiaomi and Cnooc
China’s leading smartphone maker and its third-biggest oil driller were added to the list of firms banned from American investment.
Massive Short Squeeze Sends GameStop Soaring 80%
The video game retailer reported no major news on Wednesday, suggesting the massive rally in the stock was simply a short squeeze.
Visa Calls Off $5.3B Merger Deal With Plaid Over DOJ Lawsuit
The U.S. Department of Justice said the transaction would eliminate healthy competition from the online payments market.
LoanDepot Seeks NYSE Listing Amid Mortgage Boom
The mortgage lending company generated $1.47 billion in net income from the first nine months of last year.
Top U.S. Banks to Remove Hong Kong Listed Products
Removal of these 500 structured products is the outcome of an executive order prohibiting investments in companies with links to the Chinese military.
Bitcoin Breaches $41,000 Mark in Unfazed Rally
Even as Bitcoin hits new all-time highs, investors with large amounts of the cryptocurrency are continuing to hold on to the asset.
Roblox to Go Public Through Direct Listing
The online gaming platform raised $520 million in a Series H funding and dropped plans to list via a traditional initial public offering.
AMC Still Needs $550M to Stay Afloat Through 2021, CEO Says
With the mounting liquidity concerns, AMC’s stock dipped to its 52-week low of $1.91.
Square CEO Opposes FinCEN’s Proposed Crypto Rules
Jack Dorsey says the new rules will drive cryptocurrency users to use unregulated third-party wallets, including ones hosted outside the United States.
10 IPOs to Watch Out for in 2021
Companies expected to list include Petco, Instacart, Bumble, and Coinbase.