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2022 has proven to be a regulatory disaster for Thailand’s largest crypto exchange as it has faced multiple enforcement actions and fines worth hundreds of thousands of dollars. 780 Total views 26 Total shares Thailand’s largest crypto exchange Bitkub has come under regulatory scrutiny from the country’s Securities and Exchange Commission (SEC) over falsifying and […]
Orlando Bravo, a founder and managing partner of software-focused private equity firm Thoma Bravo LP, personally contributed $10 million to the Bravo Family Foundation to aid Hurricane Fiona relief efforts in Puerto Rico, he said in a prepared statement on Wednesday. The money will target communities most affected by the storm including Bravo’s home town […]
Shares of Paychex Inc. PAYX, +4.27% jumped 3.2% in premarket trading Wednesday, to bounce off the previous session’s 2 1/2-month closing low, after the human resources outsourcing services company reported fiscal first-quarter profit that beat expectations and raised the full-year outlook, citing “notable strength” in mid-market, retirement and HR solutions businesses. Net income for the […]
Shares of semiconductor companies and Apple Inc. AAPL, -3.81% suppliers were broadly lower in premarket trading Wednesday, after Bloomberg reported overnight that Apple is dropping plans to boost iPhone production because an expected surge in demand didn’t materialize. The VanEck Semiconductor ETF SMH, -0.29% slumped 1.9%, with all equity components that have traded premarket losing […]
Jefferies analyst Owen Bennett said Wednesday that Canopy Growth Corp.’s CGC, +1.40% WEED, +4.24% plan to divest 28 retail stores stands out as an example of the “wasted capital” by the cannabis company’s former management. Canopy Growth said after the closing bell on Tuesday that it’s selling its Tweed and Tokyo Smoke stores for an […]
Shares of Apple Inc. AAPL, -4.02% dropped 3.8% to pace the Dow Jones Industrial Average’s DJIA, +0.15% premarket losers, after Bloomberg reported overnight that an expected surge in demand for new iPhones have failed to materialize. The report said Apple is dropping plans to boost production as a result. Apple’s stock is on track to […]