JPMorgan Chase & Co has sued Tesla Inc for $162.2 million, accusing Elon Musk‘s electric car company of “flagrantly” breaching a contract the two corporate giants agreed in 2014 relating to warrants Tesla sold to the bank. Warrants give the holder the right to buy a company’s stock at a set “strike” price and date. … Read more
By Vildana Hajric and Eric Lam Bitcoin to $100,000. Bitcoin to the moon. Bitcoin to infinity. The world’s largest cryptocurrency is staging a comeback that has taken it up more than 50% from recent lows, reviving animal spirits and coaxing out sky-high price targets that, while a source of comedy for some, emerge when the … Read more
NEW YORK/HONG KONG: US investor Sung Kook “Bill” Hwang was looking for a second chance on Wall Street after falling from grace and shutting his multibillion-dollar hedge fund firm. Japan’s Nomura Holdings Inc gave him one. Nomura had previously had a relationship with Hwang’s Tiger Asia Management LLC before the investment firm shut down in … Read more