News
Twitter Inc. TWTR, -5.02% has told staff there are no layoffs planned after a report that Tesla and SpaceX CEO Elon Musk would cut 75% of the social-media company’s workers after taking control in an on-again-off-again planned acquisition. Twitter general counsel Sean Edgett sent employees an email on Thursday to indicate that no widespread job […]
Former Donald Trump aide Steve Bannon was sentenced on Friday to four months in prison and fined $6,500 for contempt of Congress. Bannon was convicted in July on two charges after ignoring subpoenas from the House panel investigating the Jan. 6 riot at the U.S. Capitol. Bannon will be allowed to appeal. Source: Marketwatch
Hong Kong’s securities regulator wants to allow retail investors to invest directly in virtual assets and to reconsider current crypto trading requirements. 1213 Total views 47 Total shares Hong Kong is taking action to regain its status as a global cryptocurrency hub by launching several legal initiatives related to the crypto industry. A city and […]
Raymond James analysts Buck Horne and Tousley Hyde on Friday downgraded shares of KB Home KBH, -1.70%, Lennar Corp. LEN, -1.30%, M.D.C. Holdings Inc. MDC, -1.60%, PulteGroup Inc. PHM, -1.04% and Toll Brothers Inc. TOL, -0.79% to market perform and cut their rating on D.R. Horton Inc. DHI, -0.55% to outperform from strong buy. Pulte […]
U.K. defense secretary Ben Wallace says he is leaning toward supporting Boris Johnson as he ruled out a run himself to lead the Conservative Party. Wallace said he wants to remain as defense secretary. He cited Johnson’s willingness to spend on defense, as well as his victory in a general election.
Shares of Veris Residential Inc. VRE, +17.07% soared 19.6% toward a two-month high in premarket trading Friday, after the real estate investment trust focused on multifamily properties confirmed that it received an unsolicited buyout bid from Kushner Companies. Veris said the bid was for $16 a share, which is 28.8% above Thursday’s closing price of […]