Nathaniel Chastain is guilty of both wire theft and laundering money. This is the first case of insider trading involving digital tokens, according to federal prosecutors. Nathaniel Chastain is a former employee of OpenSea. OpenSea is one of the largest non-fungible tokens (NFTs) marketplaces in… Read More »OpenSea: Employee Guilty of Insider Trading
Darden Restaurants recently announced its plans to acquire Ruth’s Hospitality Group. In particular, Darden Restaurants is known for owning Olive Garden and LongHorn Steakhouse. Ruth’s Hospitality Group is also in the restaurant business, owning Ruth’s Chris Steak House. Actually, the entire transaction is valued at… Read More »Darden Restaurants Acquisition
Boeing has announced that it has discovered a new production issue. In particular, the problem is linked to certain fittings at the rear of the 737 planes’ fuselage. Thus, it is expected to delay the delivery of some of the 737s to airlines this summer. Boeing… Read More »Boeing Announces New Problem for 737 MAX
Alphabet, the parent company of Google, has posted its first-quarter results. However, the results are with mixed outcomes for the company. Although the core search advertising business stayed resilient, YouTube faced a decline. The decline in YouTube ads has affected the total advertising revenue, which… Read More »Google and its Outlook: “Mixed Results”
Sega Sammy Holdings has recently announced its plans to acquire Rovio Entertainment. Rovio Entertainment is the Finnish game developer behind the popular mobile game “Angry Birds“. In particular, Sega Sammy is acquiring Rovio Entertainment for nearly $800 million. What’s more, the acquisition is the latest… Read More »“Angry Birds” Franchise to be Acquired by Sega
European banks are facing a cash flow crisis of $1.2 trillion. In particular, they have to pay back about €478 billion of ultracheap loans issued by the European Central Bank (ECB). What’s more, they have to be paid back by the end of June. In… Read More »TLTROs: JPMorgan Rings the Alarm Bells
The Walt Disney Company has recently announced the closure of its next-generation storytelling and consumer experiences unit. Specifically, the division, which was led by Mike White, was responsible for developing strategies. So, the strategies were aimed to tell interactive stories using Disney‘s intellectual property in… Read More »Disney Shuts Down Metaverse Unit
Diageo, the producer of the famous Guinness, has announced that Debra Crew will take over as CEO on July 1st. In particular, Debra Crew is the current Chief Operating Officer and she is replacing the current CEO, Ivan Menezes. So, Crew‘s appointment marks a significant… Read More »Debra Crew as CEO of Diageo
The Silicon Valley Bank focused primarily on providing financial services to tech startups. Unfortunately, it suffered from a catastrophic collapse. The bank’s collapse was the second-largest bank failure in the history of the United States. Lack of diversification A combination of factors, with a lack… Read More »Silicon Valley Bank: Catastrophic Collapse
Ford Motor Company recently announced that it expects to lose $3 billion on its electric-vehicle (EV) business this year. This news came as a shock to many industry analysts. The company had previously stated that it would break even on its EV business in 2021.… Read More »Ford Expects to Lose $3 Billion