Tax credit for tech investors could triple under proposed New Jersey bill
TRENTON, N.J. — A new bill introduced in the New Jersey Senate would triple the state’s tax credit for investments in emerging technology startups, aiming to stimulate early-stage funding in smaller high-tech…
Burlington County Man Sentenced to Over Three Years in Prison for Defrauding Investors in Business Schemes
PHILADELPHIA, Pa. — A Burlington County, New Jersey man was sentenced to 37 months in federal prison for his involvement in two fraudulent business schemes that defrauded investors of approximately $550,000. Michael…
Class Action Lawsuit Filed Against Humana on Behalf of Investors Impacted by Securities Fraud
New York, NY — Levi & Korsinsky, LLP has initiated a lawsuit on behalf of investors who suffered losses due to alleged securities fraud by Humana between July 27, 2022, and January…
Glen Cove Broker Sentenced for Defrauding Investors in Pre-IPO Scam
MINEOLA, NY – Nassau County District Attorney Anne T. Donnelly announced today that a former investment broker from Glen Cove has been sentenced to up to seven-and-a-half years in prison for a…
Exit Stage Right: Investors Are Bailing On Green Funds
Investors are fading on green energy investment funds due to worries about the sector’s ability to grow and the possible return of former President Donald Trump to the White House, Reuters reported…
Disney Shareholders Reject Major Push From Activist Investors
Disney shareholders on Wednesday voted down a bid by hedge fund Trian Partners to put two activist investors on the board to help boost the company’s stock price, according to ABC News.…
Trump’s media company ticker leads to fleeting windfall for some investors
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Possible confusion over the new stock symbol for former President Donald Trump’s Truth Social saw some investor brokerage balances briefly jump by hundreds of…
Truth Social To Go Public After Investors Approve Merger, Could Net Trump Billions
Truth Social To Go Public After Investors Approve Merger, Could Net Trump Billions Harold Hutchison on March 22, 2024 Shareholders of Digital World Acquisition Corporation (DWAC) voted to approve a merger with Trump…
Musk defends his ketamine use as beneficial for investors in new video
By Sheila Dang (Reuters) – CEO Elon Musk said his ketamine prescription was beneficial for Tesla’s investors in a video interview with former CNN anchor Don Lemon posted online on Monday. Musk…
Former Treasury Secretary Mnuchin putting together investors to buy TikTok, CNBC reports
(Reuters) – Former U.S. Treasury Secretary Steven Mnuchin is putting together an investor group to try to buy TikTok, he told CNBC on Thursday. His comment comes just a day after the…
Home Depot 2024 forecast in focus as investors pin hopes on sales recovery
By Deborah Mary Sophia (Reuters) – Home Depot’s annual forecast will be the prime focus for investors when the U.S. home improvement bellwether reports fourth-quarter results on Tuesday, as they scour for…
Real estate pain for US regional banks is piling up, say investors
(Adds graphic) By Carolina Mandl, Matt Tracy and Saeed Azhar NEW YORK/WASHINGTON (Reuters) -New York Community Bancorp’s exposure to commercial real estate has intensified investor scrutiny around regional banks, with some expecting…
Analysis-US credit issuance breaking records as healthy economy emboldens investors
By Shankar Ramakrishnan and Davide Barbuscia NEW YORK (Reuters) – The U.S. corporate bond market is set to break new issuance records as borrowers take advantage of lower financing costs than last…
Moscow Exchange hoping for over 20 IPOs this year as retail investors rule
By Elena Fabrichnaya MOSCOW (Reuters) – Moscow Exchange, Russia’s largest bourse, is hoping to see over 20 initial public offerings (IPOs) this year, it said on Wednesday, in a market ruled by…
State-backed ‘national team’ of investors piles in to support China stocks
(Reuters) – A rescue operation is underway in China’s equity markets with large and unusual flows into blue-chip funds suggesting a plunge by state-backed investors. It is unclear exactly who is buying,…
What investors and legal experts are saying about Elon Musk’s voided $56 billion pay package
(Reuters) – A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by the EV maker’s board “an unfathomable sum” that was unfair…
Crowded trades top worry list for hedge fund investors – BofA
By Nell Mackenzie LONDON (Reuters) – Concern that hedge fund portfolios contain too many of the same trades has shot up the worry list for global investors with hedge fund exposure, a…
Bond investors gear up for looming Fed interest rate cuts
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors are expecting the Federal Reserve to drop its bias toward hiking interest rates at a policy meeting this week to prepare the market…
Investors see Microsoft’s stock market value leaving Apple behind
By Noel Randewich (Reuters) – Microsoft’s early lead in artificial intelligence has the software heavyweight’s stock market value poised to pull decisively ahead of Apple’s over the next five years, 13 institutional…
Cautious investors trim equity holdings before inflation data, Fed meet
(Reuters) – Global investors reduced their holdings in equity funds in the week leading up to Jan. 24, exercising caution before a pivotal inflation report due on Friday and a meeting of…
International investors fuel further growth in Japanese stock market
(Reuters) – Foreign investors bolstered their positions in the rising Japanese stock market drawn by a depreciating yen that boosted exporter shares and a robust performance in the chip sector. According to…
Shein investors selling stock at 30% discount- Bloomberg News
(Reuters) – Shein’s investors are trying to sell shares in the private market at prices that value the Chinese online retailer as low as $45 billion, or a discount of around 30%…
Billionaire Eddie Lampert ordered to pay $18 million to Sears Hometown investors
WILMINGTON, Delaware (Reuters) – Billionaire Eddie Lampert must pay $18 million to shareholders of Sears Hometown and Outlet Stores Inc for short-changing them in 2019 when he bought out minority investors in…
South Korean retail investors hit as China equity derivatives tumble
By Jihoon Lee and Cynthia Kim SEOUL (Reuters) – South Korean retail investors have been caught out by an 11% fall in a key Hong Kong stock market index this month, as…
Bridgewater draws more investors in China, nearly doubles assets
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Hedge fund Bridgewater Associates’ China business is set to grow to about 40 billion yuan ($5.56 billion) following a fresh round of…
Vietnam tightens limits on investors’ stakes in banks
HANOI (Reuters) – Vietnam’s legislature on Thursday approved new rules that lower the maximum stake investors can hold in domestic banks, a move aimed at reducing risks of market manipulation, but that…
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