The pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is going to blow people’s minds,” said Matt Hougan, chief investment officer at Bitwise ...Read More

China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4% of Alibaba’s 2019 domestic revenues, comes ...Read More

The U.S. brokerage subsidiary of Credit Suisse Group AG has disclosed that former employees’ personal data was leaked last month and that it had filed a lawsuit over the matter, in the latest snafu for the Swiss banking giant. Credit Suisse Securities has sued ...Read More

A top regulator with the Securities and Exchange Commission warned about the jump in fundraising by blank-check companies known as SPACs as there are “some significant and yet undiscovered issues,” according to a report by The Wall Street Journal. The issues with SPACs are ...Read More

GameStop Corp, which has been part of a recent Reddit-driven trading frenzy, said on Thursday it intends to elect activist investor Ryan Cohen as chairman, putting him in the driver’s seat as he looks to transform the video game retailer. Since Chewy co-founder Cohen ...Read More

Sen. Sherrod Brown, chairman of the powerful Senate Banking Committee, is taking aim at three banking giants’ ties to Archegos Capital after the fund’s recent losses blitzed the market. In letters to leaders at Goldman Sachs, Nomura Holding America and Credit Suisse, the Ohio Democrat indicates he’s looking for details ...Read More

Avery is accused of fabricated licensing deals with Netflix, HBO, as well as other platforms, in order to secure funding for his film distribution company, 1inMM Capital LLC, according to the FBI. Actor Zachary J. Horwitz, best known under his stage name Zach Avery, ...Read More