Tag Archives: Wall Street

Silicon Valley Bank’s Collapse Causes Strain for Young Companies – The New York Times

Having worked in the banking sector and having seen up-close how tightly regulated the industry is, I’m somewhat surprised that this sort of thing can happen at a retail bank. On Friday, Roku, the TV streaming company, said in a filing that roughly $487 million of its $1.9 billion in cash was tied up withContinue reading “Silicon Valley Bank’s Collapse Causes Strain for Young Companies – The New York Times”

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme | Reuters

I cannot restrain myself – I must share this! In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc (TSLA.O) and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble. I love a goodContinue reading “Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme | Reuters”

Teamsters to create “Amazon Division”

You don’t hear much about the Teamsters union these days. If you do, it’s likely more about pension fund insolvency. Or one of Scorsese’s gangster flicks. Such news begs to ask, “Is organized labor trying to make a comeback?” And, if so, “What chance does it have of success?” Union members vote to create aContinue reading “Teamsters to create “Amazon Division””

Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla

Player Two has tagged in! Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission. How interesting! He threw in anContinue reading “Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla”