X Now Worth 71% Less Than When Musk Bought It, Fidelity Estimates
X, the platform formerly known as Twitter, is worth 71% less now than it was when Elon Musk bought it in late 2022, according to Fidelity.
Recent
Settlement Reached for LPL to Pay Finra Claim - $6 Million
LPL Financial has reached a settlement agreement to the tune of over $6 million in response to allegations by Financial Industry Regulatory Authority.
Morgan Stanley's Straight-Talking New CEO Ted Pick Taking Charge
When Ted Pick takes over as new CEO of Morgan Stanley next week, the three decade bank veteran will help him steer firm through a dealmaking slump.
Lingering Effects of Stringent Monetary Policies Could Lead to Corporate Defaults
Fitch Ratings anticipates an uptick in corporate defaults in both the US and the eurozone during 2024.
Anticipating Economic Downturn, UBS Forecasts Fed Will Drastically Lower Rates
The United States is poised to experience a recession in 2024, necessitating substantial reductions in interest rates, as projected by UBS.
Gorman Gives Grade of A- For His Performance
James Gorman, reflecting on his tenure as Morgan Stanley's CEO, assigned himself an A- rating, signifying a successful but not flawless leadership.
Barry Silbert Steps Down as Grayscale Investments' Board Chair
Grayscale Bitcoin Trust said on Tuesday Barry Silbert and Mark Murphy have resigned from the board of directors.
