Silvergate Shares Slump Amid Fraud Probe by Justice Department
Silvergate Capital Corp. shares slumped on news that US prosecutors are looking into the bank’s dealings with fallen crypto giants FTX and Alameda Research.
Silvergate Capital Corp. shares slumped on news that US prosecutors are looking into the bank’s dealings with fallen crypto giants FTX and Alameda Research.
The pressure on Gautam Adani’s indebted conglomerate eased a little on Friday after two global rating firms stuck with their calls on its credit profile, capping a tumultuous seven days that saw the market value of his companies plunge by almost half since short-seller Hindenburg Research’s scathing report.
The decades-old US law barring domestic abusers from possessing firearms contradicts the nation’s “historical tradition” of access to guns even for people who may not be “model citizens,” an appeals court said in a ruling that prompted a Justice Department rebuke.
Kitty litter is a surprise winner for Clorox Co. and Church & Dwight Co., companies better known for bleach and baking soda.
Long-time Bitcoin holder Marathon Digital Holdings Inc. last month sold the token for the first time as its price soared, a step the crypto miner said would help fund operating costs.
New York Digital Investment Group, one of the largest crypto lenders, is repossessing 27,403 machines from bankrupt miner Core Scientific Inc. as the company seeks to extinguish a loan.
Cathie Wood’s funds had a scorching start to the year and she wants investors to know it.
Technology bellwethers Apple Inc., Amazon.com Inc. and Alphabet Inc. posted results Thursday that show an economic slowdown is throttling demand for everything from electronics and e-commerce to cloud computing and digital advertising.
Traders piling back into tech stocks just got a sobering signal that they might have gotten ahead of themselves.
Paris-based Weinberg Capital Partners is readying a new fund to invest in defense companies as it bets on renewed interest in the industry in light of the war in Ukraine, people familiar with the matter said.