Bloomberg

New 13F filings show that hedge funds went tech-heavy in the second quarter as the sector continues to outperform. What To Know: Investment managers filed their quarterly updates with the SEC this week. Tech remains in the crosshairs for hedge funds, with the Nasdaq Composite up more than...

Mastercard Inc. (NYSE: MA) recently jolted the cannabis industry with a demand: "In accordance with our policies, we instructed the financial institutions that offer payment services to cannabis merchants and connect them to Mastercard to terminate the activity," stated a Mastercard...

As bank stocks continue to face heavy selling pressure, JPMorgan Chase & Co (NYSE: JPM) CEO Jamie Dimon is calling for a ban on shorting banks.  What To Know: In a Bloomberg interview released Thursday, Dimon indicated that short sellers who are targeting banks are probably...

PacWest Bancorp (NASDAQ: PACW) shares are facing heavy selling pressure after the close on Wednesday following reports the bank is weighing options, including a potential sale.  What Happened: According to a Bloomberg report citing people familiar with the matter, PacWest has...

Changpeng Zhao, popularly known as "CZ", the CEO of the world’s largest crypto exchange, Binance, has disputed the claim that he is the third richest man in finance. What Happened: According to Bloomberg’s list, CZ has a net worth of $28.2 billion. However, CZ himself dismissed these...

In a groundbreaking move, Italy on Friday became the first Western country to ban the advanced chatbot ChatGPT, raising concerns about privacy issues related to the model. Created by U.S.-based start-up OpenAI and backed by Microsoft Corporation (NASDAQ: MSFT), the tech has been used by millions of...

Shares of Credit Suisse Group (NYSE: CS) and UBS Group AG (NYSE: UBS) closed Thursday's session significantly lower, and new report released after the bell indicates the banks are now facing a U.S. Justice Department probe. What To Know: Credit Suisse and UBS are among...

NIO Inc (NYSE: NIO) shares are rising Wednesday after the EV maker said it's confident it will meet its sales target this year. What Happened: According to a Bloomberg report, Nio said it's "very confident" that it will double its sales in 2023 and meet...

Uber Technologies Inc (NYSE: UBER) shares are moving higher in extended trading Wednesday following reports that the mobility company is considering spinning off its freight logistics unit. What Happened: According to a Bloomberg report, Uber is exploring a potential spin off its freight...

Meta Platforms Inc (NASDAQ: META) shares are trading higher Tuesday following reports suggesting the company is planning more layoffs as soon as this week. What To Know: According to a Bloomberg report citing people familiar with the matter, Meta plans to cut "thousands of...

DexCom shares (NASDAQ: DXCM) are trading lower on Wednesday following a report that Apple Inc (NASDAQ: AAPL) is making progress on no-prick glucose tracking for its Watch. According to a Bloomberg report, Apple is making progress on a project known as E5, which has been ongoing ...

1Life Healthcare Inc (NASDAQ: ONEM) shares are ripping higher Wednesday following reports the Federal Trade Commission won't challenge Amazon.com Inc's (NASDAQ: AMZN) takeover bid. The company also released fourth-quarter results late Tuesday.  What Happened: ...

1Life Healthcare Inc (NASDAQ: ONEM) shares are surging in after-hours trading Tuesday following reports the Federal Trade Commission won't challenge Amazon.com Inc's (NASDAQ: AMZN) takeover bid. What To Know: According to a Bloomberg report citing people familiar with the...

Sigma Lithium Corp (NASDAQ: SGML) shares are trading higher Tuesday following reports that Tesla Inc (NASDAQ: TSLA) is considering a bid for the battery metals mining company.  What Happened: According to a Bloomberg report released after the market close Friday, Tesla is considering a...

In addition to New York’s already beleagured legal weed rollout, its runaway illicit cannabis market and licensing process that seems to be moving at glacial speed…throw a bunch of fake vapes into the works and now you’ve got a possible public health crisis....