New York Attorney General Letitia James is suing the banks behind Zelle over claims that their payment platform enabled “massive amounts of fraud” that caused customers to lose more than $1 billion between 2017 and 2023. In the lawsuit, James alleges Zelle was rushed to market, resulting in a design that made the platform “an obvious conduit for fraudulent activity.” …
Read More »Crypto Firm Bullish Soars 84% in Debut After $1.1 Billion IPO Bloomberg.com Bullish’s Stock Soars in Latest Test for IPO Market The Wall Street Journal Bullish announces pricing of upsized initial public offering Bullish Bullish shares pop in NYSE debut Axios This 39-year-old just became a billionaire after stunning Wall Street debut The Sydney Morning Herald Source link
Read More »GE Appliances to invest over $3 billion in US manufacturing push Reuters GE Appliances invests $3B in US manufacturing operations Fox Business Alabama factory ramps up production as part of $3 billion GE investment push AL.com GE Appliances moving more output from China and some from Mexico to U.S. as part of $3 billion investment CBS News Everything we know about GE Appliances’ new …
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NFL owners debated for several years about opening their league to institutional investors, and if they did, what it might mean for franchise values. The pro-PE crowd finally got its way 12 months ago, albeit with more restrictions than the other major U.S. leagues. The early returns are in, and the move looks like a gold mine for team owners. …
Read More »New York sues Zelle, says security lapses led to $1 billion consumer fraud losses Reuters NY attorney general sues Zelle parent company, alleging the payment service enabled widespread fraud CNN New York AG James sues Zelle parent company for alleged fraud CNBC New York claims Zelle’s shoddy security enabled a billion dollars in scams The Verge New York Attorney General Picks Up Zelle Fraud …
Read More »Carolina Hurricanes owner Tom Dundon reportedly reached an agreement to buy the Portland Trail Blazers from the estate of deceased owner Paul Allen, Eben Novy-Williams of Sportico reported Wednesday. Dundon will reportedly pay over $4 billion for the franchise, per ESPN’s Shams Charania. Advertisement Allen, a co-founder of Microsoft, purchased the Trail Blazers for $70 million in 1988. Allen was …
Read More »Crypto exchange Bullish valued at nearly $13.2 billion in blowout NYSE debut Reuters Bullish stock opens at $90, surges more than 200%, giving crypto exchange market cap above $16 billion Yahoo Finance Bullish shares pop in NYSE debut Axios Crypto exchange Bullish more than doubles in NYSE debut after pricing IPO above expected range CNBC Bullish IPO: CoinDesk Owner’s Stock Triples in Trading Debut Barron’s …
Read More »Gildan to Buy Hanesbrands for $2.2 Billion The Wall Street Journal Canada’s Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business CNBC This Underwear Stock Just Soared 30%. It Got a $5 Billion Bid, Says Report. Barron’s Winston-Salem’s Hanesbrands sold to Gildan Activewear for $4.4 billion total FOX8 WGHP Gildan and HanesBrands Agree to Combine To Create a Global Basic Apparel …
Read More »Gildan to Buy Underwear Maker Hanesbrands for $2.2 Billion Bloomberg Canada’s Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business CNBC This Underwear Stock Just Soared 30%. It Got a $5 Billion Bid, Says Report. Barron’s Winston-Salem’s Hanesbrands sold to Gildan Activewear for $4.4 billion total FOX8 WGHP Gildan and HanesBrands Agree to Combine To Create a Global Basic Apparel Leader gildancorp.com …
Read More »CoinDesk owner Bullish prices IPO above range to raise over $1.1 billion Reuters Bullish prices IPO at $37 per share, valuing crypto exchange above $5 billion ahead of market debut Yahoo Finance Bullish IPO: The New Crypto Stock Starts Trading Today Barron’s Bullish announces pricing of upsized initial public offering Bullish Peter Thiel-Backed Crypto Firm Bullish To Make NYSE Debut Investor’s Business Daily Source link
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