The U.S. Department of Justice has initiated a legal move to seize $2.3 million in cryptocurrency, funds that are traceable back to an elaborate “pig butchering” scam. According to the official press release by the U.S. Attorney’s Office, District of Massachusetts, the authority filed a civil forfeiture action to recover the funds connected to an...
Quiver Quantitative - Fisker (NYSE:FSR), an electric vehicle (EV) start-up, is reportedly facing severe financial challenges and is preparing for a potential bankruptcy filing, as per a recent Wall Street Journal report. The company has enlisted the services of financial adviser FTI Consulting (NYSE:FCN) and law firm Davis Polk to aid in this process. This...
Quiver Quantitative - Tesla (NASDAQ:TSLA) has recently faced a significant shift in market perception, with analysts downgrading the stock amid concerns over slowing electric vehicle (EV) demand. Wells Fargo analyst Colin Langan predicts not just stagnant growth for Tesla this year but an actual decline in sales volumes by 2025. This pessimistic outlook has impacted...
By Satoshi Sugiyama TOKYO (Reuters) - As Japan\'s big companies prepare to hand out their heftiest pay hikes in decades, trucking firm owner Ikuko Sakata feels like she inhabits a different reality. Despite facing some of the country\'s tightest labour markets and no shortage of demand, small delivery companies like Sakata\'s can barely afford to...
FOSTER CITY, Calif. - The U.S. Food and Drug Administration (FDA) has approved LIVMARLI® (maralixibat) oral solution for the treatment of cholestatic pruritus in patients aged five years and older with progressive familial intrahepatic cholestasis (PFIC), Mirum Pharmaceuticals (NASDAQ:MIRM) announced today. The approval, based on the Phase 3 MARCH study, signifies a statistically significant reduction...
GREENWICH, Conn. - Starwood Property Trust, Inc. (NYSE: NYSE:STWD), a real estate finance company, has upscaled its private offering to $600 million in unsecured senior notes at a 7.250% interest rate, maturing in 2029. The offering, initially set at $400 million, was priced at par and is expected to close on March 27, 2024, subject...
HOUSTON - Ted B. Miller, co-founder of Crown Castle Inc. (NYSE: NYSE:CCI) and his investment firm Boots Capital Management, LLC, has publicly addressed the Crown Castle Board of Directors, advocating for significant operational changes to enhance shareholder value. This move follows recent scrutiny by Elliott Investment Management L.P. and a court\'s recognition of \"colorable claims\"...
(Reuters) -Lennar Corp reported first-quarter profits above Wall Street estimates on Wednesday, as historically low existing home supply led to sustained demand for new unit construction. The company delivered 16,798 homes in the quarter ended Feb. 29, a 23% jump from a year earlier. \"Macroeconomic environment remained relatively consistent throughout the quarter,\" said Stuart Miller,...
(Reuters) -Electric vehicle startup Fisker (NYSE:FSR) has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company has hired financial adviser FTI Consulting (NYSE:FCN) and the law firm Davis Polk to work on a potential bankruptcy filing, according to the...
Updated Financial Article In the dynamic landscape of customer relationship management (CRM) software, Salesforce.com, Inc. (NYSE:CRM) continues to be a formidable player, adapting to the evolving business needs with its comprehensive suite of services. Recent analyses underscore the company\'s strategic advancements, particularly in the realms of artificial intelligence (AI) and Data Cloud services, which are...