How BofA came back from the brink of collapse
The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from…
Why two iconic soccer clubs are up for sale at the same time
LONDON — Two of the world’s biggest and most profitable soccer teams are on the market at the same time — and that’s no coincidence, according to analysts. In November,…
Getaround shares tank after going public in SPAC deal
Paul Chinn | San Francisco Chronicle | Getty Images Carsharing company Getaround made its public market debut Friday through a merger with blank-check company InterPrivate II Acquisition Corp. The company…
Microsoft says it will bring Call of Duty to Nintendo for 10 years
Regulators have raised concerns that Microsoft could block the hit Call of Duty franchise from being released on rivals’ games consoles. Microsoft said it has offered Sony a 10-year contract…
Ark’s Cathie Wood bets Elon Musk will turn Twitter into a ‘super app’
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in…
Binance was in the dark about Musk’s Twitter U-turn, CEO says
Co-founder and CEO of Binance, Changpeng Zhao, speaks on stage during the opening night of Web Summit 2022. Hugo Amaral | Sopa Images | Lightrocket | Getty Images LISBON, Portugal…
Musk says Twitter ‘cannot become a free-for-all hellscape’
On the eve of his deadline to acquire Twitter to avoid a new court date, billionaire Elon Musk sought to assure advertisers the platform won’t turn into a place that’s…
Bank of America CEO isn’t worried about debt funding
The CEO of Bank of America, one of the financiers of Elon Musk’s Twitter takeover, doesn’t appear worried about the deal. CNBC reported on Thursday that Musk is now in…
Elon Musk’s SpaceX could spin off Starlink in IPO by 2025: Analysts
Elon Musk said Friday that SpaceX cannot continue fund Starlink terminals in Ukraine “indefinitely” in light of the cost. However, Musk, who is also CEO of electric car company Tesla,…
Viasat takeover of UK rival Inmarsat faces in-depth competition probe
The offices of satellite operator Inmarsat in central London. Leon Neal | AFP | Getty Images The U.K.’s competition regulator launched an in-depth probe into American satellite internet company Viasat’s…