Business and Finance

financial news, stocks, investing, and market trends, as well as stories on major companies and their leaders.

Activision Fails to Increase Female Representation: Diversity Report

[colabot8] kyiv, UKRAINE SOPA Images | light flare | Getty Images video game publisher ActivisionBlizzard failed to increase its representation of women in December, according to a diversity report released Thursday. Leaders pledged to make women more pervasive at the company after media reports of harassment of women sparked government investigations. Microsoft, a competitor and …

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Ex-Morgan Stanley adviser charged with alleged NBA fraud

[colabot8] Courtney Lee #5 and Chandler Parsons #25 of the Houston Rockets huddle together during their game at Staples Center on April 6, 2012 in Los Angeles, California. Andrew D. Bernstein | National Basketball Association | Getty Images Ancient Morgan Stanley Advisor Darryl Cohen was arrested Thursday morning for allegedly defrauding current and former NBA …

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TikTok CEO quizzed by lawmakers on both sides over China ties

[colabot8] TikTok Chief Executive Shou Zi Chew reacts during a session to testify before a House Energy and Commerce Committee hearing titled ‘TikTok: How Congress Can Protect US Data Privacy and protect children from harm online,” as lawmakers consider Chinese-owned video-sharing app, on Capitol Hill in Washington, March 23, 2023. Evelyn Hockstein | Reuters “Welcome …

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Binance employees, volunteers tell users how to evade China crypto ban

[colabot8] Binance is the world’s biggest cryptocurrency exchange, handling $490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance is the world’s largest crypto exchange by volume and assets, processing $9.5 trillion worth of trades in 2021 alone. But it’s not supposed to be allowed to operate in …

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New Jersey deli fraud accused renounced US citizenship

[colabot8] Peter Coker Jr., left, receives search warrants from police at his villa on the resort island of Phuket, Thailand, January 11, 2023. Crime Suppression Division, Royal Thai Police | PA NEWARK, NJ — A former fugitive in the securities fraud case involving a New Jersey deli business once valued at $100 million renounced his …

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Apple’s movie release plan boosts movie stocks like AMC

[colabot8] Moviegoers line up at the AMC Loews Lincoln Square box office on March 05, 2021 in New York City. Michel Loccisano | Getty Images Cinema stocks jumped on Thursday after a report said Apple plans to spend $1 billion a year on theatrical movie releases. The investment is part of the technology company’s efforts …

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Sanofi and Regeneron share pop, data shows asthma drug Dupixent could treat COPD

[colabot8] A logo on the Sanofi exhibition space during the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France on June 15, 2022. Benoit Tessier | Reuters Shares of Sanofi And Regenerate both jumped more than 6% on Thursday after pharmaceutical companies released promising data showing …

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Crypto bounces back after post-Fed selloff, investors shrug off regulatory concerns

[colabot8] The crypto market has been battered this year, with over $2 trillion wiped from its value since its peak in November 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | Getty Images Cryptocurrency prices surged on Thursday as investors digested the prospects of the Federal …

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TikTok CEO testifies before House committee as possible US ban looms

[colabot8] (The stream is scheduled to start at 10:00 a.m. ET. Please refresh the page if you don’t see a video above at that time.) TikTok CEO Shou Zi Chew will testify before the House Energy and Commerce Committee on Thursday morning as his company fights to avoid a possible ban in the United States. …

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