Barclays appoints Tim Main as Head of EMEA Investment Banking
In a move to bolster their investment banking operations in Europe, Barclays has appointed Tim Main as the new Head of EMEA Investment Banking. Main, who joins from J.P. Morgan,…
Samsung Electronics announces plans for 1.4nm process technology and investment in manufacturing capacity
At the Samsung Foundry Forum 2022, Samsung Electronics has announced their plans to shift to a 1.4nm process technology by 2022. This will allow for smaller, more efficient chips that…
Japanese finance minister threatens intervention as USD/JPY breaks ¥145
The Japanese yen surged to a fresh 18-month high against the US dollar on Monday, prompting Finance Minister Taro Aso to threaten intervention in the foreign exchange market. The USD/JPY…
BBIG Crashes 21% as Stock Distribution Fails to Excite on Cryptyde Spin-Off
(InvestorPlace) Shares of Vinco Ventures fell more than 21% on Thursday amid shareholder distribution following the spin-off of its Cryptyde business. Vinco shareholders are set to receive shares of Cryptyde…
Lytus Technologies Extends Losses as Volatility Grips Stock
(MarketWatch) Shares of Lytus Technologies Holdings fell more than 11% on Wednesday, extending the losses after diving another 86% the previous day. Reports indicate that there was no trigger for…
Upstart’s General Counsel Alison Nicoll Sells 15,000 Shares Amid Mixed Ratings
(Filing) An SEC filing has disclosed that Upstart Holding General Counsel Alison Nicoll sold 15,000 shares in the company on June 24th. Nicoll sold the shares at an average price…
Beyond Air Stock Gains 16% As FDA Approves LungFit
(Beyond Air) Shares of Beyond Air, Inc. rose more than 16% in premarket on Wednesday after earning approval of LungFit PH The company announced that the US Food and Drug…
Nio Rubbishes Claims of Short-Selling, Stock Tumbles 6%
(Nio) Shares of Nio Inc. fell more than 6% on Wednesday, a day after reports emerged claiming short-selling by the electric vehicle maker. The company has since refused the claims. …
Marathon Confirms Montana Storm Knocked 75% Of Its Active Mining Fleet
(Marathon Digital) Marathon Digital Holdings says that a Montana storm that hit the town of Hardin on June 11 took over 75% of the company’s active mining fleet offline. The…
Walgreens No Longer Selling UK Boots Store After Underwhelming Offers
(Walgreens) Walgreens Boots Alliance Inc. has decided against selling its Boots drugstore chain in the UK due to “unexpected and dramatic change” in the global financial markets. Walgreens says that…
Goldman Assigns Coinbase a Sell Rating With a Price Target of $45
(Blockworks) Banking giant Goldman Sachs has rated Coinbase stock a “sell” with a price target of $45, from the previous $70. Led by analyst Will Nance, Goldman says that the…
JetBlue Hikes Offer to Spirit to $34.15 Per Share to Keep Off Frontier
(JetBlue) JetBlue is offering a “ticking fee” to Spirit that would raise the overall offer price to $34.15 per share in a bidding war with Frontier Airlines. Under the “ticking…
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