Category: WSJ
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Electric-truck maker Nikola nears bankruptcy filing, WSJ reports
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The Wall Street Journal reported on Thursday that the electric truck manufacturer Nicolas is close to providing bankruptcy, The shares of the company decreased by 20 % to 60 cents in extended trading. Arizona -based Nicolas were working with the law firm Bilsbury Winthrov Shu Bitman to explore options, including…
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Trump pushes to reopen talks on USMCA early, reports WSJ
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Article content The free trade agreement is scheduled to undergo legal review in 2026, but the president is using the threat of tariffs on goods coming from Canada and Mexico to pressure the two countries to start early, people familiar with the matter told the newspaper. Article content Trump is…
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Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting’
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In a recent Wall Street Journal (WSJ) report, it was claimed that Tether is currently under federal investigation for potential violations of sanctions and anti-money laundering (AML) regulations in the United States. investigation, It is said Led by prosecutors from the US Attorney’s Office in Manhattan, it is said to…
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Chinese hackers breached US court wiretap systems, WSJ reports By Reuters
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(Reuters) – Chinese hackers gained access to the networks of broadband providers in the United States and obtained information from systems used by the federal government for court-authorized wiretapping, the Wall Street Journal reported on Saturday. Verizon Communications (NYSE:), AT&T (NYSE:), and Lumen Technologies are among the telecommunications companies whose…
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Spirit Airlines in talks with bondholders over terms of potential bankruptcy filing, WSJ reports By Reuters
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(Reuters) – Spirit Airlines is in talks with bondholders about the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways (NASDAQ:), the Wall Street Journal reported on Thursday, citing people familiar with the matter. Spirit shares fell 18% in after-market trading. Spirit Airlines…
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TD Bank nears possible guilty plea in money laundering probe, WSJ reports By Reuters
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(Reuters) – TD Bank is close to potentially pleading guilty to criminal charges that its U.S. retail bank failed to curb money laundering linked to Chinese criminal groups and illicit sales of fentanyl, the Wall Street Journal reported on Friday. Canada’s second-largest bank is in talks with US federal prosecutors…
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Apple drops out of talks to join OpenAI investment round, WSJ says By Reuters
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(Reuters) – Apple Inc (NASDAQ:) has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. The technology giant recently withdrew from the talks, which are scheduled to conclude next week, the newspaper said, citing a person familiar…
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Qualcomm approached Intel about a takeover in recent days, WSJ reports By Reuters
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(Reuters) – Qualcomm Inc has made a $300 billion takeover bid for chipmaker Intel Corp in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares closed up 3.3%, while Qualcomm (NASDAQ:) shares fell 2.9%. Qualcomm has a market cap of $188 billion,…
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Qualcomm approached Intel about a takeover in recent days, WSJ reports By Reuters
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(Reuters) – Qualcomm Inc has made a $300 billion takeover bid for chipmaker Intel Corp in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares closed up 3.3%, while Qualcomm (NASDAQ:) shares fell 2.9%. Qualcomm has a market cap of $188 billion,…
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WSJ Timiraos: Fed has a rate cut dilemma. Go big or go small
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The Wall Street Journal published an article by Timiraos analyzing the upcoming Fed rate decision. The title of the article says it all, as the author describes the decision as a dilemma. Should the Fed make a big or small decision (or 25 basis points or 50 basis points). Some…
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Musk’s xAI in talks for share in future Tesla revenue, WSJ reports By Reuters
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(Reuters) – Elon Musk’s artificial intelligence company XAI has held talks about a stake in Tesla’s future revenue in exchange for giving Musk’s electric carmaker access to XAI’s technology and resources, the Wall Street Journal reported on Saturday. Tesla will license xAI’s AI models to help power its full self-driving…
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Fannie Mae, Freddie Mac set to tighten real-estate lending rules, WSJ reports By Reuters
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(Reuters) – Mortgage finance companies Fannie Mae and Freddie Mac plan to impose tougher rules on lenders and commercial real estate brokers in the wake of an emerging regulatory crackdown on fraud in the multitrillion-dollar market, the Wall Street Journal reported on Monday. Lenders will have to independently verify financial…
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WSJ: China’s Economy Is in Trouble – Xi Jinping leaving long-running problems to fester
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The Wall Street Journal is closed but if you can get through it you will find that it paints a bleak picture of the Chinese economy: Growth is slowing and becoming increasingly unbalanced, supported by exports and a surge in factory investment, while much of the rest of the economy…
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Activist Starboard builds over 6.5% stake in Tinder owner Match, WSJ reports By Reuters
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(Reuters) – Activist investor Starboard has a stake of more than 6.5% in Tinder owner Match and is pushing for a potential sale if the turnaround attempts fail, the Wall Street Journal reported on Monday, citing people familiar with the matter. Match shares rose about 9% in extended trading after…
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WSJ on rising US yields, cite “potential Republican sweep in November”
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US bonds are suffering from a dismal performance: Forex Live US Forex News Summary July 1; US Yields Continue to Rise as Longest Period Ends The Wall Street Journal published an article about rising bond yields. I will add a warning here for those with political motives. The article deserves…
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US lawmakers call to add China’s CATL, Gotion to import ban list, WSJ reports By Reuters
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(Reuters) – A group of Republican lawmakers said Chinese battery companies CATL and Gotion High Tech should immediately be added to a U.S. import ban list, alleging their supply chains use forced labor, the Wall Street Journal reported. Lawmakers called for CATL and Gotion, which have ties to Ford (NYSE:)…
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BlackRock, Citadel-backed group to start new national stock exchange in Texas, WSJ reports By Reuters
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(Reuters) – A group backed by BlackRock Inc (NYSE:) and Citadel Securities Inc. plans to start a new national securities exchange in Texas, the Wall Street Journal reported on Tuesday. The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange…