Ali Baba ‘s plan to split itself into six parts has been welcomed by investors who see it as a way to unlock value in the Chinese tech giant. Over the past two years, the share has been plagued by a wave of regulatory pressure. On Wednesday, the stock was up another 2% above $100, … Read more
UBS (UBS), the bank that bought Credit Suisse for about $3 billion, fell 0.9% after being downgraded from Buy to Hold by Jefferies analysts. Activision Blizzard (ATVI) rose 5.9% after Britain’s Competition and Markets Authority said it was no longer concerned that Microsoft (MSFT) would use its $68.7 billion deal to snag the video game … Read more
Hello! Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. Crypto exchange Coinbase MINT said Wednesday it received a notice from Wells from the Securities and Exchange Commission that could lead to formal charges. The SEC’s Wells notice covered an unspecified portion of the exchange’s publicly traded digital assets, the staking … Read more