Wedbush Securities, a reputable financial firm, has reached a settlement agreement to pay $350,000 over allegations surrounding a significant hacking incident. As per regulators, this security breach resulted in the theft of millions of dollars worth of client assets. Over a span of nine days, Wedbush carried out transfers exceeding $6.6 million under the directions of the … [Read more...] about Wedbush Securities Settles Hacking Allegations
Elon Musk Files Lawsuit Against Media Matters
Tesla CEO Elon Musk has made good on his promise to take legal action against progressive media-monitoring nonprofit Media Matters. Musk believes that the organization's actions have negatively impacted his social-media platform, X. The 15-page complaint outlines X's belief that Media Matters manipulated their research to manipulate public perception and influence advertiser … [Read more...] about Elon Musk Files Lawsuit Against Media Matters
Activist Holdings
Kinnate Biopharma (KNTE) OrbiMed Advisors - Major Stakeholder OrbiMed Advisors, a leading investment firm, holds a significant stake in Kinnate Biopharma. They currently own 8,009,729 shares of this innovative clinical-stage oncology company, which accounts for 17% of the outstanding stock. On November 13, OrbiMed Advisors, in collaboration with Foresite Capital, submitted an … [Read more...] about Activist Holdings
Ulta Beauty Navigating Challenging Economic Climate
Wall Street is eagerly awaiting Ulta Beauty's upcoming earnings report, which is set to be released on Thursday. The report will shed light on how the popular cosmetics retailer is navigating the current challenging economic climate. In a recent research note, Citi analyst Kelly Crago expressed caution about Ulta Beauty's stock (ticker: ULTA) and lowered her price target from … [Read more...] about Ulta Beauty Navigating Challenging Economic Climate
U.S. Economy Faces Cooling Inflation as PCE Report Looms
The U.S. economy seems to be experiencing a slight cool-down, and Federal Reserve officials are expecting inflation to follow suit. The upcoming October PCE inflation report, set to be released on Thursday morning, will serve as a significant indicator. According to economists surveyed by The Wall Street Journal, the core rate of PCE inflation is predicted to see a modest 0.2% … [Read more...] about U.S. Economy Faces Cooling Inflation as PCE Report Looms
