CMPNY

Crypto exchange Gemini is trying to get $900 million back from crypto lender Genesis, Financial Times reported.

December 3 (Reuters) – Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe $900 million to clients of the Winklevoss twins crypto exchange Gemini, the Financial Times reported on Saturday. Citing sources, the newspaper said that crypto exchange Gemini was trying to get the funds back after Genesis went astray due to …

Crypto exchange Gemini is trying to get $900 million back from crypto lender Genesis, Financial Times reported. Read More »

Amgen says experimental obesity drug has promising durability

LOS ANGELES, Dec 3 (Reuters) – Amgen Inc.’s (AMGN.O) experimental obesity drug showed promising endurance trends in an early trial, with company officials paving the way for a larger mid-stage trial early next year ahead of data presentation. Saturday. The small Phase I trial found that patients maintained weight loss for 70 days after receiving …

Amgen says experimental obesity drug has promising durability Read More »

US job growth strong in November; wages rise

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – US employers hired more workers than expected in November and increased wages despite mounting worries of a recession, but that will probably not stop the Federal Reserve from …

US job growth strong in November; wages rise Read More »

Musk delivered his first Tesla truck, but no updates on production and pricing

Tesla ships first Semi to PepsiCo five years after introducing it No details on orders or capacity for electric trucks Semi uses existing Tesla cars to feature the new Supercharger December 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk delivered the company’s first heavy-duty Semi to PepsiCo (PEP.O) on Thursday; It did …

Musk delivered his first Tesla truck, but no updates on production and pricing Read More »

Blackstone’s $69 billion REIT cuts redemptions as blow to property empire

NEW YORK, December 1 (Reuters) – Blackstone Inc (BX.N) made limited withdrawals from its $69 billion over-the-counter real estate income trust (REIT) on Thursday, following a surge in redemption requests. an asset management beast. The curbs came because the redemptions hit predetermined limits, rather than Blackstone set limits that day. Still, they have raised investor …

Blackstone’s $69 billion REIT cuts redemptions as blow to property empire Read More »

IPO market nearly paused, but exchange leaders expect 2023 boost

NEW YORK, Dec 1 (Reuters) – A global slowdown in initial public offerings due to heightened market volatility and a regulatory cloud over new listings from China has created pent up demand that could lead to an IPO boom in 2023, industry executives told the Reuters NEXT conference. Global IPOs hit record-high levels in 2021, …

IPO market nearly paused, but exchange leaders expect 2023 boost Read More »

Wall Street is mixed; Dow under selling pressure in Salesforce shares

Salesforce abandons co-CEO exit plan Overall Dollar drops as annual profit outlook cuts US production contracted for the first time in 2-1/2 years in November Indices: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% December 1 (Reuters) – Wall Street mixed on Thursday as a selloff in Salesforce put pressure on the Dow. On Wednesday, the …

Wall Street is mixed; Dow under selling pressure in Salesforce shares Read More »

Florida pulls $2 billion from BlackRock in largest anti-ESG liquidation

December 1 (Reuters) – Florida’s chief financial officer said on Thursday that his department will withdraw $2 billion in assets managed by BlackRock Inc (BLK.N); governance (ESG) policies. The move would do almost no damage to BlackRock’s $8 trillion in assets and drew a strong response from the company, which said the move put politics …

Florida pulls $2 billion from BlackRock in largest anti-ESG liquidation Read More »