Banking and Finance

KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has made a significant foray into cryptocurrency by acquiring Bitcoin worth $21 million. The company announced on December 26 that it had purchased 217.18 Bitcoins at an average price of $96,556.53 per coin. This acquisition...

Shareholders of a company operating what could be the world’s largest lithium deposit received an early Christmas gift this week. General Motors (GM), which had previously partnered on the project, officially closed its joint venture with the company, marking a significant milestone that further aligns the two firms' futures. The...

According to ChainCatcher, CryptoQuant CEO Ki Young Ju has observed a significant rise in Bitcoin accumulation by whales through privacy-focused transactions. He highlighted that the annual number of CoinJoin transactions has tripled over the past two years. While some speculate that this increase is tied to hackers laundering funds, Chainalysis...

Northland Power Inc. (TSX: NPI), a global clean energy producer, announced that Christine Healy will officially take over as President and Chief Executive Officer and join the company’s Board of Directors on January 20, 2025. This timeline marks an update to the original schedule outlined during her appointment. John Brace,...

Singapore Post revealed on Sunday that it had terminated its CEO and two senior executives following an internal inquiry into their mishandling of whistleblower allegations involving employee misconduct. The announcement triggered a significant drop in the company's stock, with shares tumbling 9.8%—their steepest decline since March 2020—as trading opened on...

Foxtel, the pay TV and streaming company controlled by News Corp, has been sold to DAZN, a sports streaming platform owned by one of the world's wealthiest individuals, Sir Len Blavatnik, for an enterprise value of $2.2 billion. As part of the agreement, News Corp will retain a 6% minority...

Steve Ballmer has made a bold investment decision by concentrating almost entirely on Microsoft (NASDAQ: MSFT) stock. According to CEOWORLD magazine, over 80 percent of his portfolio is allocated to Microsoft, with the remaining portion invested in stock index funds. As the largest individual shareholder in the company, Ballmer strategically...

President-elect Donald Trump has made decisive moves by announcing his selections for two vital defense positions. Billionaire investor Stephen Feinberg will take on the role of Deputy Secretary of Defense. As the co-chief executive of Cerberus Capital Management LP, a private equity firm he established in 1992, Feinberg brings significant...

President-elect Donald Trump dismissed the notion that Elon Musk influences the Republican Party. This reaction came after Musk was involved in defeating a government spending bill last week. Following this incident, Democrats and Trump's opponents mocked him by referring to Musk as “President Musk.” Trump said the notion that he...

Gregory B. Maffei, President and CEO of Liberty Broadband Corp (NASDAQ: LBRDA), recently carried out stock sales amounting to approximately $12.8 million. According to filings from December 19, 2024, the transactions involved the disposal of Series C Common Stock across two days, December 18 and 19. Maffei sold 137,733 shares...