A former CEO was arrested this week amid an FTC settlement that was of truly historic size. Today, the Federal Trade Commission (FTC) announced a $4.7 billion settlement with the bankrupt cryptocurrency exchange, Celsius Network.
This, frankly outsize settlement, comes amidst charges against its former CEO, Alex Mashinsky. This settlement represents one of the...
Bank of America, the United States’ second-largest bank, has been ordered to pay $250 million in fines and customer compensation due to a series of deceptive practices, as reported by the Consumer Financial Protection Bureau (CFPB).
Even for an institution the size of Bank of America, it’s a significant sum – and that, alongside...
In what has been dubbed the 'largest deal in tech history', Microsoft has been granted the right to finalize its $75 billion acquisition of Activision Blizzard, the company behind the famous Call of Duty game series.
A significant triumph for Microsoft has been delivered by a Federal Judge who refused to block its impending...
Shares of Meta Platforms Inc., previously known as Facebook Inc., at first rose then slightly dipped on Thursday despite witnessing a rush of over 10 million users signing up to Threads within the first few hours of its launch. This milestone came as the company was basking in the afterglow of an 18-month high of $295.29, set...
In a significant development for the energy sector, Duke Energy has announced that the energy behemoth intends to divest its commercial distributed generation business to an affiliate of a company called ArcLight Capital Partners, LLC, a middle-market infrastructure investor with significant experience in the energy sector.
The transaction, valued at a total of $364...
As reported in the Wall Street Journal, the Biden administration is making a significant policy move to limit China's access to US cloud computing services, including those offered by tech giants Amazon and Microsoft.
With huge potential repercussions, this proposal comes in the wake of heightened tensions between the two global powerhouses that is...
One of the key events hosted by Google every year is its annual developer conference labeled “Google I/O”. This is where the company showcases its latest technological solutions and newest products. The conference typically features keynote speeches, technical sessions, and product announcements, attracting the attention of a wide public.
This year’s conference took place...
Airbnb Q1 2023 earnings report announced a 20% growth in revenue. Despite the successful quarter, the stocks of the sharing economy pioneer dropped by 13% roughly. The near future for the company seems quite ambiguous. The shaky forward-looking statement and the expected crack in demand for the travel market are factors that concern many investors.
On May 3rd, 2023, Apple presented its financial report results, addressing better-than-expected revenue and sales on iPhone for Q2. During the company's earnings call, CEO Tim Cook and CFO Luca Maserati present the financial figures, Apple's breaking records for the year, and the bright future ahead of the company.
On May 6, 2023, the annual shareholder meeting of Berkshire Hathaway took place in Omaha, Nebraska, lasting for over five hours. The meeting featured Chairman Warren Buffett and Vice Chairman Charlie Munger, who shared their life and investment wisdom accrued through many decades. During the meeting, the nonagenarians cracked jokes and answered dozens of questions on topics...