John Paulson, the billionaire who at the height of the 2007 credit bubble made his fortune from betting against subprime mortgages has hit the jackpot…
Tag: hits
Musk’s banks to book Twitter loan losses, avoid big hits
Some of the banks that lent Elon Musk $13 billion to buy Twitter are preparing to book losses on the loans this quarter, but they
Shell’s bid to conduct offshore seismic surveys hits another legal obstacle
The Eastern Cape High Court sees little prospect of success for Shell to have an earlier court ruling denying its bid to conduct seismic
Fed Rate Hike Looms After Market Rally Fizzles; Tesla Stock Hits New Lows As Elon Musk Admits This
Dow Jones futures rose modestly overnight, along with S&P 500 futures and Nasdaq futures. All eyes await the Federal Reserve meeting announcement and Fed…
Photo of Killed Ukraine Startup Worker Hits Painful Chord in Silicon Valley
Get the Insider App A personalized feed, summary mode, and ad-free experience. Download the app Close icon Two crossed lines that form an ‘X’. It
FEC Hits Marathon With $85,000 Fine for Campaign Finance Violations
The Federal Election Commission hit Marathon Petroleum Company with a $85,000 fine in February. Because Marathon has contracts with the federal government, it’s barred from
NFT, crypto startup Alchemy raises $200M in venture capital, hits unicorn status [Video]
Silicon Valley-based Alchemy has raised $200 million, making it the latest cryptocurrency startup to achieve unicorn status, the company announced on Tuesday. Led by venture
Amazon stock hits 52-week low, but ends session in green [Video]
Amazon (AMZN) stock hit a 52-week low and later flipped into green territory amid a wild trading session on Monday. The stock was down more
TransferWise: Money transfer fintech hits $5 billion valuation after secondary trade
London-based startup TransferWise has boosted its valuation to $5 billion after concluding a $319 million secondary share sale. New investor D1 Capital Partners and existing
Gold hits record high as investor jitters spread
. . Gold hit a record high on Monday as increasing numbers of nervous investors sought a safe place to put their money. Rising political
An exodus hits Deutsche Bank’s vaunted credit-trading group
Deutsche Bank has experienced a rash of departures this year in its credit-trading group, one of the bank’s top businesses. Exits have cleaved 25% of
UK quarterly borrowing hits record high
. . The UK government borrowed a record £127.9bn between April and June as tackling the coronavirus pandemic took its toll on the public finances.
