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SEC Pursuing Broad Review of Stock-Market Structure, Chairman | Sidnaz Blog

June 9, 2021

SEC Chairman Gary Gensler spoke at The Wall Street Journal’s CFO Network event on Monday. Mr. Gensler took over the SEC in April. Photo: The Wall Street Journal Updated June 9, 2021 1:07 pm ET The Securities and Exchange Commission is considering changing rules that govern how U.S. stocks are traded, including pricing incentives that […]

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Green Junk Bonds May Not Deliver Green Results | Sidnaz Blog

June 9, 2021

Wall Street is selling a record number of junk bonds meant to finance environmental projects, but many have an important catch: The borrowers don’t guarantee that they will use the money for green purposes. High-yield rated companies including Irish packaging maker Ardagh Group SA ARD 0.08% and U.S. car-parts manufacturer Dana Inc. have issued green […]

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Clover Health Stock Surges Again: What to Watch When Markets Open | Sidnaz Blog

June 9, 2021

Updated June 9, 2021 7:45 am ET The meme stocks have a couple of new candidates, with both Clover Health CLOV 85.82% Investments and Wendy’s rising premarket after surging in the prior session. Here’s what we’re watching ahead of Wednesday’s opening bell. Healthcare company Clover Health is up 22% premarket, following Tuesday’s 86% rise. Hamburger […]

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El Salvador Becomes First Country to Approve Bitcoin as Legal | Sidnaz Blog

June 9, 2021

El Salvador’s legislative body passed a law early Wednesday that will make the nation the first in the world to deem bitcoin legal tender. The designation allows bitcoin, the world’s largest cryptocurrency by market value, to be used to pay taxes. Businesses would also be obligated to accept bitcoin for payment, though those without the […]

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Digital-Security Startup Backed by Katzenberg Valued at Over $1 | Sidnaz Blog

June 9, 2021

Aura, a company backed by Hollywood mogul Jeffrey Katzenberg and Silicon Valley investor Sujay Jaswa, raised $150 million to help further its bid to become a one-stop offering for online security. The funding round, led by private-equity firm Warburg Pincus LLC, brings the company’s war chest to $450 million and values the company at more […]

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U.S. Stock Futures Edge Higher | Sidnaz Blog

June 9, 2021

June 9, 2021 3:41 am ET U.S. stock futures edged up, suggesting another day of muted moves for major indexes after the opening bell. S&P 500 futures added 0.1% and futures tied to the Dow Jones Industrial Average traded flat. Contracts on the Nasdaq-100 gained 0.2%. Changes in futures don’t necessarily predict market moves after […]

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Lordstown Motors Amends Annual Filing With Going Concern Notice | Sidnaz Blog

June 9, 2021

Lordstown Motors headquarters in Ohio. Photo: Dustin Franz/Bloomberg News Updated June 8, 2021 4:04 pm ET Electric-truck startup Lordstown Motors Corp. RIDE -16.27% disclosed in a new regulatory filing Tuesday that it doesn’t have sufficient cash to start commercial production and has doubts about whether it can continue as a going concern through the end […]

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For the Economy, Quitting Never Felt so Good | Sidnaz Blog

June 8, 2021

In April, job openings as a share of filled and unfilled positions stood at a record 6%. Photo: Justin Sullivan/Getty Images Employers aren’t only struggling to hire new workers, they look as if they are having a hard time hanging onto the workers they already have. The Labor Department on Tuesday reported that as of […]

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AMC’s Meme-Stock Traders Mess With Corporate Theory | Sidnaz Blog

June 8, 2021

The theory of the firm features a thriving academic debate about whether responsibility to shareholders or responsibility to broader stakeholders should be the founding principle of corporate life.  You can’t fit raising billions of dollars from shareholders merely because the stock price is wildly overvalued into either rubric. Maybe the academics should be following Reddit’s […]

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Stitch Fix, Coupa Software, Clover Health, Tesla: What to Watch | Sidnaz Blog

June 8, 2021

U.S. stock futures wavered, suggesting major indexes would turn in a mixed performance after the opening bell in an extension of the recent choppy but range-bound trading. S&P 500 futures were flat. Futures on the Dow Jones Industrial Average slipped 0.2%. Contracts for the tech-heavy Nasdaq-100 edged up 0.2%. Yields on 10-year Treasury notes ticked down […]

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