Prigozhin Denies Reports that Wagner Is Leaving Ukraine

Wagner group founder Yevgeny Prigozhin has denied Bloomberg’s earlier report suggesting that the Russian mercenary group is tired of losing in Ukraine and is setting its sights more closely on Africa where it has deepening influence. Prigozhin, a close ally of Russian President Vladimir Putin, said in a post on Telegram that he does not […]

Coinbase: Investors Shrug Off Wells Notice

Coinbase Global, Inc. (NASDAQ: COIN) investors have been little fazed by the SEC’s decision to send the company a dreaded Wells Notice. This action, which means the SEC enforcement staff intends to recommend to the SEC commissioners they should charge the company with U.S. securities law violations, related to assets listed and traded on Coinbase’s platform and […]

FTX Will Recoup $404M Cash Investment Into Hedge Fund Modulo Capital

Infamously bankrupt crypto exchange FTX will recover over $400 million in cash that former CEO Sam Bankman-Fried invested via Alameda Research into Bahamas-based hedge fund Modulo Capital back in 2022. According to a filing at a bankruptcy court in Delaware seen by Reuters on Wednesday, Modulo will repay $404 million in cash and return $56 […]

Not An April Fools Joke: Twitter to Remove ‘Legacy’ Checkmarks By April 1

Twitter will be phasing out legacy verified accounts come April, allowing users to keep their verified status only if they subscribe to Twitter Blue or are Verified Organizations. The Twitter Verified account announced on Thursday that verified accounts will have to start paying the $8 per month subscription fee or lose the blue check, as […]

Ford’s EV Segment Data Spells Trouble For Rivian, Lucid Motors

On March 23, Ford Motor Company (NYSE: F) broke out summary 2021 and 2022 results of its electric vehicle manufacturing business (Ford Model e in below figure) from its legacy internal combustion engine (Ford Blue) and commercial vehicle (Ford Pro) lines of businesses. In 2021 and 2022, Ford’s electric vehicle (EV) business generated operating losses of US$900 […]

Rogers CEO Sees Compensation Climb Nearly 600% In 2022 To $31.5 Million

The role of chief executive officer of Rogers Communications (TSX: RCI.b) appears to come with a perk or two when it comes to compensation. The telecommunications firm this evening filed its management information circular for 2022, outlining just how much executives made – and its a doozy. In particular, Tony Staffieri, whom was appointed permanent […]