News

Oct 12
Diamondback stock should get a boost as M&A overhang lifted after $1.6 billion FireBird Energy deal

Shares of Diamondback Energy Inc. FANG, -0.73% rose 0.7% in premarket trading Wednesday, after the oil and natural gas company announced an agreement to buy all leasehold interest and related assets of FireBird Energy LLC for about $1.59 billion in cash and stock. Under terms of the deal announced late Tuesday, Diamondback will exchange 5.86 […]

Oct 12
Cannabis company Ayr Wellness hires former Neiman Marcus executive as president

Ayr Wellness Inc. AYRWF, -1.77% AYR.A, -5.92% on Wednesday named ex-Neiman Marcus executive David Goubert as its new president to oversee the cannabis company’s operational and commercial functions, including production, supply chain, retail, wholesale and marketing. He reports to Ayr Wellness founder and CEO Jonathan Sandelman. Goubert was most recently president and chief customer officer […]

Oct 12
Valkyrie Funds to liquidate Bitcoin-related ETF by late October

Despite delisting VBB, Valkyrie still continues to manage the Bitcoin Strategy ETF and its Bitcoin futures ETF and the Valkyrie Bitcoin Miners ETF. Source: Cointelegraph

Oct 12
Lyft stock bounces off record low after analyst recommends buying, given ‘overly negative’ sentiment

Shares of Lyft Inc. LYFT, +6.08% jumped 3.5% in premarket trading Wednesday, off the previous session’s record low close, after Gordon Haskett analyst Robert Mollins recommended investor buy, citing “overly negative” sentiment and a number of potential positive catalysts. The stock had tumbled 12.0% on Tuesday, and rival ride-share company Uber Technologies Inc.’s stock UBER, […]

Oct 12
Coronavirus tally: WHO head calls for ‘sustained’ effort to tackle long COVID, calling it ‘very serious’ crisis

The head of the World Health Organization made his strongest comments yet about the devastation being caused by long COVID and urged world leaders to launch immediate and “sustained” efforts to tackle the “very serious” crisis. Writing for The Guardian newspaper, Tedros Adhanom Ghebreyesus said the world has never been in a better position to […]

Oct 12
US Acting Comptroller urges not to rush with the crypto regulation

Michael J. Hsu called for tighter interagency efforts and highlighted the three most dangerous areas of the new industry. Source: Cointelegraph