Salesforce shares tumble even with robust earnings. Here’s what the execs have to say
Finance
Western Alliance CEO says alleged loan fraud is ‘incredibly frustrating’ but isolated issue
Key Points Western Alliance is one of the regional banks facing concerns over loans made to non-bank financial players. The bank’s CEO said he believes the alleged loan fraud that sparked a selloff last week is an isolated case. The Cantor Group episode forced Western Alliance to review other loans in its note finance portfolio, […]
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Finance
The biggest crypto wipeout was led not by bitcoin, but much smaller tokens. Here’s what happened
Chesnot | Getty Images The crypto industry recently had one of its worst days ever. And while bitcoin and ether holders seem to have put some of the carnage behind them, traders of many lesser-known tokens are still feeling a lot of pain. More than 1.6 million traders suffered a combined $19.37 billion erasure of […]
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Finance
Beyond Meat shares surge for a third day in a row as meme traders jump on board
Key Points Beyond Meat shares are soaring for a third straight day, surging 111% at one point in the premarket Wednesday. The stock was above $6.43 on Wednesday, after closing Tuesday at $3.62. Roundhill Investments, which develops thematic exchange traded funds, on Monday added BYND to its Roundhill Meme Stock ETF. The ETF addition seemed […]
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