Binance Deal To Buy Voyager Faces Looming Threat Of US National Security Review
Binance’s plans to acquire what remains of the bankrupt crypto lender Voyager Digital could be delayed or blocked as the US Committee on Foreign Investment in the United States (CFIUS) lodged its national security concerns on the deal. In a court filing on Friday, CFIUS said that its review “could affect the ability of the […]
What Does Tesla’s Plunge Mean For Lucid And Rivian?
The January 3, 2023 collapse in Tesla, Inc. (NASDAQ: TSLA) stock price puts enormous pressure on highly valued start-up electric vehicle (EV) makers Lucid Group, Inc. (NASDAQ: LCID) and Rivian Automotive, Inc. (NASDAQ: RIVN) to announce at least reasonably positive news regarding 4Q 2022 production levels and possibly 2023 production and cash flow guidance. On January 2 when the market was closed, […]
Coinbase Agrees to Pay $100 Million to Settle Anti-Money-Laundering Violations
Crypto exchange Coinbase (NASDAQ: COIN) agreed to pay a total of $100 million to settle charges with the New York State Department of Financial Services, after regulators discovered the crypto exchange violated anti-money-laundering laws by repeatedly failing to conduct adequate customer background checks. The settlement, announced Wednesday, is comprised of a $50 million fine, as […]
Celsius Earn Accounts To Be Treated As Unsecured Claims In Bankruptcy Filing
In yet another blow to crypto investors, those that were participating in Celsius’ Earn program appear to have officially lost their funds that were held in Earn accounts. The ruling was handed down by Chief United States Bankruptcy Judge Martin Glenn in a memorandum opinion and order filed today regarding ownership of earn account assets. […]
Tesla: 405,278 Deliveries In Q4 2022, Tax Credit Ineligibility, $2.2 Million Fine In South Korea
Tesla (Nasdaq: TSLA) stated that it delivered a record 405,278 cars in the fourth quarter of 2022. The figure is a record for the firm, but it falls short of most Wall Street forecasts. According to Bloomberg, the consensus estimate for deliveries was 420,760 at the time of the report. The car delivery breakdown includes […]
White House Threatens Fines As Southwest Airlines Doles Out Flyer Points To Compensate Canceled Flights
The White House on Tuesday said it is keeping a close eye on Southwest Airlines (NYSE: LUV) as it tries to resolve the kerfuffle brought about by a wave of flight cancellations over the holidays, leaving numerous passengers stranded at airports. “Southwest Airlines failed its customers, point blank,” press secretary Karine Jean-Pierre told reporters on […]
As Lula Begins To Rebuild In Brazil, Bolsonaro Settles Into Life On The Run
After his stunning win against far-right leader Jair Bolsonaro at the run-off election in October, Luiz Inacio Lula da Silva was sworn in as Brazil’s president on January 1. Lula’s inauguration marks the beginning of the end for Bolsonaro, who took off for the United States on Friday to evade arrest. It also marks the […]
Matt Gaetz Pulls A Karen On #PoorKevin McCarthy, Reports Him For Being A ‘Squatter’ To Architect of The Capitol
Representative Matt Gaetz, who reportedly would rather see Hakeem Jeffries become House Speaker than let fellow Republican Kevin McCarthy win the role, would very much like to know how long McCarthy can occupy the office of the Speaker of the House before he’s “considered a squatter.” On Tuesday, after a small faction of Republicans led […]
Salesforce Plans To Layoff 10% Of Workforce: “Too Many People”
Salesforce (NYSE: CRM) plans to reduce its workforce by 10% and close certain operations, citing the necessity to reduce expenditures after a rise in hiring during the pandemic left it with “too many people” in the face of a slowing economy. “I’ve been thinking a lot about how we came to this moment. As our […]
SpaceX To Launch $750 Million Fundraising, Launches First Rocket In 2023
Elon Musk’s SpaceX is raising $750 million in a fresh round of fundraising from investors, valuing the rocket and satellite company at $137 billion. Investors rumored to participate include Andreessen Horowitz, a co-investor in Musk’s Twitter buyout deal worth $44 billion. According to reports in November, SpaceX was in talks regarding a secondary share offering […]