Latest Market News
General Motors Co. GM, +2.66% is making a bigger bet on its autonomous-driving unit Cruise, saying late Friday it was buying Softbank Vision Fund’s stake in the business. GM has agreed to buy the tech-heavy fund’s stake for $2.1 billion, GM said in a filing. GM will also make an additional $1.35 billion investment in […]
TORONTO – Since the Canadian Securities Administrators (CSA) adopted final rules that implement a ban on the payment of trailing commissions by fund organizations to dealers who do not make a suitability determination, such as order-execution-only (OEO) dealers (the “OEO Trailer Ban”), the CSA has consulted with industry stakeholders to ensure investment fund managers and […]
Cointelegraph journalists at South by Southwest, or SXSW, in Austin, Texas reported that NFTs were everywhere this year, marking a new phenomenon for what began as a music festival in 1987. Since evolving into a film, tech and general culture gathering, and after a two-year hiatus, SXSW added blockchain programming to the mix with crypto-related panels, blockchain company […]
Halliburton Co. HAL, +0.42% said late Friday it has suspended future business in Russia as it complies with sanctions following the invasion of Ukraine. “Halliburton will prioritize safety and reliability as we wind down our remaining operations in Russia,” the oilfield services company said in a statement. The company halted all shipments of certain parts […]
The ACCC highlighted unapproved or endorsed “scam” ads featuring prominent Australian figures such as entrepreneur Dick Smith, TV host David Koch and former NSW premier Mike Baird, in particular. 2648 Total views 27 Total shares The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that […]
Oil futures settled higher on Friday, but the U.S. oil benchmark still suffered a loss of more than 4% for the week. “This week’s volatility dances around the confusion on what to make of the Russian oil exports,” said Manish Raj, chief financial officer at Velandera Energy Partners, who noted that all eyes are on […]