This followed a turbulent week of trading when the parent company of the Truth Social platform lost over 20% in a single day. While each DJT share was valued at over $66.22 in late March, they have now fallen to nearly $27. Analysts have suggested that the dropping price may be linked to the filing…
Read more
It seems likely to lead to a bitter court dispute. Jane Street Group has accused Millennium Management of using its in-house trading strategy. The roots of this dispute date back to earlier this year, when traders Daniel Spottiswood and Douglas Schadewald moved from Jane Street to Millennium. Both were heavily involved in creating the proprietary…
Read more
This action, which occurred during the final 15 minutes of local trading time on Tuesday, 9 April 2024, sunk China Tianrui Group Cement’s stock by 99%, and at the final bell, a share sold for 0.048HKD. According to Bloomberg, the company cited a pending announcement regarding inside information for the halt in trading. The company’s…
Read more
The investigation covered the period between 31 July 2018 and 3 June 2019, which was the period when the fund was suspended due to liquidity issues. During that time, LFS didn’t manage the liquidity of the fund. This is necessary so that investments can be turned into cash and investors can access their funds quickly.…
Read more
These new rules will align the country’s merger practices with those of developed economies. Coming into effect on 1 January 2026, these regulations aim to identify and prevent anti-competitive deals. Gina Cass-Gottlieb, the chairperson of ACCC, said: We welcome the Treasurer’s announcement today that the government will move to strengthen Australia’s merger laws, which…
Read more
CNBC reported that this public address to Alibaba employees was the second in recent months. In an attempt to restore the Chinese technology mammoth to its former glory, the company made unprecedented organisational changes. In an internal memorandum to the firm’s employees, Ma reportedly wrote: Over the past year, amid external and internal doubt and…
Read more
This is the highest mark so far and, according to Yahoo Finance, reflects an estimated 6% jump from the opening benchmark mean on Monday, 8 April 2024. In a note to clients, Harvey postulated that investors are overlooking the possibility of stock valuations that are too high in the present market clime. This keeps current…
Read more
MRNA shares rose as high as 9% during the day, continuing their recent steady climb. This was enough for MRNA to lead the S&P 500’s list of top movers on Tuesday. The company presented details at the annual American Association for Cancer Research meeting on Monday. Here, it revealed interesting data on the use of…
Read more
This figure was reported following a private meeting on Monday with the firm’s creditors and bondholders, which was widely reported in the media. Atos currently owes €2.4bn of debt that’s due for repayment in 2025. However, some sources suggest that the overall debt could be almost double that amount. It isn’t clear who will provide…
Read more
The Chinese electric vehicle (EV) maker recorded Q4 earnings of $361m for a 92% quarter-on-quarter spike. It contributed this financial performance to its “asset-light business model” that boosted battery electric vehicle (BEV) production and sales. This revenue performance follows on the heels of the Lotus Tech IPO on 23 February 2024, less than two months…
Read more