(Bloomberg) — Block Inc. co-founder Jack Dorsey’s net worth was hammered after Hindenburg Research’s latest report, which alleged the payments company ignored widespread fraud. Most Read from Bloomberg Dorsey’s fortune plunged by $526 million on Thursday, his worst single-day decline since May. He’s now worth $4.4 …
Thursday is turning out to be a bad day for Block (NYSE:SQ) stock. Shares of the digital payments specialist are down 14%, as of this writing, after a short seller launched an attack on the company. Specifically, following a two-year investigation, Hindenburg Research alleged Block was …
(Bloomberg) — European stocks fell as investors awaited key rates decisions in the region. US equity futures climbed, signaling a recovery following a tumultuous day of losses on Wall Street Wednesday. Most Read from Bloomberg The Stoxx Europe 600 Index slid 0.5% before a policy announcement …
(Bloomberg) — Traders are accustomed to a bumpy ride whenever Jerome Powell speaks. But when Powell speaks at the same time Janet Yellen is talking to Congress about the health of the banking sector, the turbulence can get overwhelming. Most Read from Bloomberg That’s what happened …
Will the Federal Reserve continue to hike interest rates as the banking industry walks on eggshells after the implosion of Silicon Valley Bank and Signature Bank earlier this month? The anticipation is killing Fed watchers and investors alike. Today we’ll finally get an answer. Before the recent bank …
(Bloomberg) — Nio Inc. is “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year, Chief Financial Officer Steven Feng said, prompting the Chinese automaker’s shares to surge in Hong Kong. Most Read from Bloomberg “We are very confident to achieve …
U.S. stocks moved higher Tuesday following U.S. and European efforts to stabilize the banking system. The S&P 500 (^GSPC) climbed 1.3%, while the Dow Jones Industrial Average (^DJI) gained nearly 1%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) jumped 1.6%. Bond yields are rising, “potentially indicating …
(Bloomberg) — First Republic Bank shares rallied in US premarket trading after falling to a record low Monday, as investors ponder what’s next for the struggling midsize lender following an offer of help from JPMorgan Chase & Co. Most Read from Bloomberg The stock jumped as …
(Bloomberg) — Elon Musk-loving stock traders are famously bullish on Tesla Inc., the eighth most-valued company in the world. Now credit-rating providers, playing catch-up, are giving heft to the automaker’s blue-chip valuation. Most Read from Bloomberg Moody’s Investors Service on Monday became the second credit ratings …
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