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One of the most prominent names in crypto defaulted on $47 million USDC debt, Coinflex says

Crypto exchange CoinFlex’s chief executive Mark Lamb said Tuesday that it issued a notice of default to Roger Ver, an early crypto investor and founder of Bitcoin.com, alleging that Ver failed to meet a margin call and owes the exchange $47 million USDC. Lamb made the comments on Twitter after Ver tweeted Tuesday rumors that …

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Oracle Corp. stock falls Tuesday, underperforms market

Shares of Oracle Corp. ORCL, -2.60% slid 2.60% to $68.58 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -2.01% falling 2.01% to 3,821.55 and Dow Jones Industrial Average DJIA, -1.56% falling 1.56% to 30,946.99. This was the stock’s second consecutive day of …

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Tesla stock lower ahead of second-quarter sales

Tesla Inc. is set to unveil later this week second-quarter deliveries, the electric-car maker’s proxy for sales, which were likely hit by pandemic-related lockdowns in China and down from recent quarters. Tesla -5.00% reports production and deliveries numbers by quarter, rather than by month like other auto makers such as Ford Co. F, -1.91% It …

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Netflix Inc. stock falls Tuesday, underperforms market

Shares of Netflix Inc. NFLX, -5.04% shed 5.04% to $179.60 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -2.01% falling 2.01% to 3,821.55 and Dow Jones Industrial Average DJIA, -1.56% falling 1.56% to 30,946.99. This was the stock’s second consecutive day of …

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Bank of America clients sold last week’s stock-market rally while buying ETFs

Bank of America clients sold the stock-market rally last week but were buying exchange-traded funds across styles in a tough year for equities, according to BofA Global Research. The bank’s clients were net sellers of US stocks for a third straight week, BofA equity and quant strategists said in a research note dated June 27. …

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Bank of America clients sold last week’s stock-market rally while buying ETFs

Bank of America clients sold the stock-market rally last week but were buying exchange-traded funds across styles in a tough year for equities, according to BofA Global Research. The bank’s clients were net sellers of US stocks for a third straight week, BofA equity and quant strategists said in a research note dated June 27. …

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SEC fines Ernst & Young $100 million for employees cheating on CPA ethics exams

Accounting giant Ernst & Young will pay $100 million to settle charges with the Securities and Exchange Commission that hundreds of its employees cheated on the ethics components of the Certified Public Accountant examination and continuing education courses and for withholding information about the misconduct to regulators. “It’s simply outrageous that the very professionals responsible …

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Valero Energy Corp. stock rises Monday, outperforms market

Shares of Valero Energy Corp. VLO, +8.00% advanced 8.00% to $112.24 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.30% falling 0.30% to 3,900.11 and Dow Jones Industrial Average DJIA, -0.20% falling 0.20% to 31,438.26. The stock’s rise snapped a three-day losing …

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Netflix Inc. stock falls Monday, underperforms market

Shares of Netflix Inc. NFLX, -0.90% dropped 0.90% to $189.14 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.30% falling 0.30% to 3,900.11 and Dow Jones Industrial Average DJIA, -0.20% falling 0.20% to 31,438.26. The stock’s fall snapped a three-day winning streak. …

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Berkshire Hathaway Inc. Cl B stock outperforms market on strong trading day

Shares of Berkshire Hathaway Inc. Cl B BRK.B, +0.04% inched 0.04% higher to $278.40 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.30% falling 0.30% to 3,900.11 and Dow Jones Industrial Average DJIA, -0.20% falling 0.20% to 31,438.26. This was the stock’s …

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