finance

The Latest

  • Cedar Fair' Carefully Reviewing' SeaWorld's $3.4 Billion Takeover Offer
    Cedar Fair
    Cedar Fair is reviewing SeaWorld's offer of $60 per share, which values the company at around $3.4 billion.
  • UBS Q4 Earnings Beat Expectations, Upgrades Financial Targets
    UBS
    UBS posted profits of $1.35 billion for its fourth quarter, beating average analyst estimates of $853 million.
  • Diem Shutting Down, Meta-Backed Crypto Selling Assets To Silvergate
    Diem
    Meta-Backed cryptocurrency, Diem, said regulatory hurdles were the main reason for its decision to close down shop.
  • Elliott And Vista To Take Citrix Systems Private Through $13 Billion Deal
    Citrix
    Elliott and Vista will reportedly buy the company at $104 per share, valuing it at around $13 billion.
  • McDonald's Could Increase Prices As Inflation Dents Profits
    McDonald's
    McDonald's said it may be forced to increase its menu item prices again given the rising costs of operational items such as materials and labor.
  • Robinhood Reports $423 Million Loss For Latest Quarter
    Robinhood
    Robinhood's stock price dropped by more than 15% following the release of its disappointing fourth-quarter results.
  • GE Misses Estimates, Stock Price Dips Amid Inflation Woes
    GE
    GE said that it still expects to struggle with supply chain disruptions and inflation throughout the year.
  • Kohl's Received $9 Billion Take-Private Bid From Hedge Fund
    Kohl's Department Store
    The offer made by the consortium backed by activist hedge fund Starboard Value represents a 37% premium to the company's last closing price.
  • Activist Investor Calling On Resignation Of Peloton CEO
    Peloton
    Blackwells Capital is calling on the resignation of Peloton CEO John Foley and for the company to consider a possible sale.
  • Hackers Steal More Than $34 Million Worth Of Bitcoin And Ethereum From Crypto.com
    MONEY LAUNDERING
    Hackers withdrew more than $34 million worth of Bitcoin and Ethereum from 483 customer accounts on Crypto.com.
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