Rumors https://www.benzinga.com/views/taxonomy/term/17374 en Credit Suisse Halts US Cannabis Stock Transactions, Ends Custodial Service: Report https://www.benzinga.com/markets/cannabis/21/05/20994990/credit-suisse-halts-us-cannabis-stock-transactions-ends-custodial-service-report <p><strong>Credit Suisse Group AG</strong> (NYSE: <a href="https://www.benzinga.com/stock/cs#NYSE">CS</a>)&nbsp;has stopped handling transactions in shares of cannabis companies with U.S. operations and plans to refrain from holding cannabis stocks on behalf of its clients, Reuters <a href="https://www.reuters.com/business/exclusive-credit-suisse-stops-custodian-service-some-us-cannabis-stocks-sources-2021-05-05/">reported</a> Wednesday, citing a cannabis company executive and other industry sources.</p> <p>The Swiss-based lender, which declined to give a statement, was among a handful of banks willing to ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/20994990/credit-suisse-halts-us-cannabis-stock-transactions-ends-custodial-service-report alt=Credit Suisse Halts US Cannabis Stock Transactions, Ends Custodial Service: Report>Full story available on Benzinga.com</a></p> Abner Kurtin Cannabis Credit Suisse Group CS MSOS News Reuters Rumors Economics Markets Media CS US2254011081 MSOS News Cannabis Rumors Economics Markets Media Benzinga Thu, 06 May 2021 23:09:22 +0000 Jelena Martinovic 20994990 at https://www.benzinga.com Israel's Bank Leumi Considering Sale Of US Unit: Report https://www.benzinga.com/fintech/21/05/20962469/israels-bank-leumi-considering-sale-of-us-unit-report <p><strong>Bank Leumi Le-Israel BM</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/blmif#OTC">BLMIF</a>) is reportedly in discussion on the potential sale of its U.S. banking division.</p> <p><strong>What Happened:</strong> According to a <a href="https://www.bloomberg.com/news/articles/2021-05-04/israel-s-bank-leumi-is-said-to-weigh-sale-of-u-s-bank-arm">Bloomberg</a> report citing unnamed &ldquo;people familiar with the matter,&rdquo; the Israeli bank is working with a financial advisor&nbsp;to coordinate the sale of Bank Leumi USA, which has $7.2 billion in assets, $6 billion in deposits and offices in New York City, Chicago, Los Angeles, Palo Alto,&nbsp;and Aventura, Florida.</p> <p>Bloomberg&rsquo;s sources stated Bank Leumi USA could fetch a $1 billion sale. Sources&nbsp;also ...</p><p><a href=https://www.benzinga.com/fintech/21/05/20962469/israels-bank-leumi-considering-sale-of-us-unit-report alt=Israel&#039;s Bank Leumi Considering Sale Of US Unit: Report>Full story available on Benzinga.com</a></p> AAPL Bank Leumi USA banking BKHYY BLMIF Fintech Israeli Companies News Rumors AAPL US0378331005 BLMIF BKHYY News Fintech Rumors Benzinga Wed, 05 May 2021 14:40:56 +0000 Phil Hall 20962469 at https://www.benzinga.com Forbes Considering SPAC Merger: Report https://www.benzinga.com/m-a/21/04/20879674/forbes-considering-spac-merger-report <p>One of the oldest financial media companies is in talks to go public via a SPAC merger.</p> <p><strong>What Happened:</strong> Business news company <strong>Forbes Media LLC</strong> is in talks to go public, <a href="http://www.reuters.com/business/media-telecom/exclusive-forbes-pursues-spac-talks-amid-new-takeover-interest-sources-2021-04-29/">according to Reuters</a>. The company is reportedly fielding offers from SPACs and bidders including Borderless Services and a consortium of investors.</p> <p>The group bid is led by investor Michael Moe, who has an existing SPAC with <strong>Class Acceleration Corp </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clas#NYSE">CLAS</a>). ...</p><p><a href=https://www.benzinga.com/m-a/21/04/20879674/forbes-considering-spac-merger-report alt=Forbes Considering SPAC Merger: Report>Full story available on Benzinga.com</a></p> BuzzFeed CLAS ENFA Forbes M&A News SPAC SPACs Vice Media Rumors Media CLAS ENFA News M&A Rumors Media Benzinga Thu, 29 Apr 2021 22:18:44 +0000 Chris Katje 20879674 at https://www.benzinga.com Will An Amazon Stock Split Be Delivered To Investors? https://www.benzinga.com/news/earnings/21/04/20845335/will-an-amazon-stock-split-be-delivered-to-investors <p>A potential <strong>Amazon.com, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) stock split and its implications were discussed Wednesday on CNBC&#39;s &quot;Fast Money: Halftime Report.&quot;</p> <p><strong>What Happened: </strong>A rumored stock split for Amazon has recently been tossed&nbsp;around via&nbsp;various media sources. Some believe&nbsp;the split could happen as soon as Thursday when the e-commerce giant reports earnings.&nbsp;</p> <p>Host Scott Wapner asked Jon Najarian&nbsp;if he thought a stock split would ...</p><p><a href=https://www.benzinga.com/news/earnings/21/04/20845335/will-an-amazon-stock-split-be-delivered-to-investors alt=Will An Amazon Stock Split Be Delivered To Investors?>Full story available on Benzinga.com</a></p> Amazon AMZN CNBD Earnings Fast Money: Halftime Report INTC Intel Joe Terranova Jon Najarian News Scott Wapner Virtus Investment Partners Rumors Stock Split AMZN US0231351067 INTC US4581401001 News Earnings Rumors Stock Split Benzinga Wed, 28 Apr 2021 21:14:42 +0000 Adam Eckert 20845335 at https://www.benzinga.com Nio Clarifies It Has Nothing To Do With Customer Protest Against Tesla At Shanghai Auto Show https://www.benzinga.com/news/21/04/20814628/nio-clarifies-it-has-nothing-to-do-with-customer-protest-against-tesla-at-shanghai-auto-show <p><strong>Tesla&nbsp;Inc.&#39;s </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) outing at the Shanghai Auto show was <a href="https://www.benzinga.com/news/21/04/20720261/tesla-gives-in-to-chinese-state-run-media-pressure-apologizes-to-aggrieved-customer">marred</a>&nbsp;by customer backlash against the company for an accident involving the Model 3 sedan that was allegedly caused by brake failure.</p> <p><strong>What Happened: </strong> Following the incident, Tesla&#39;s rival <strong>NIO Inc - ADR&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nio#NASDAQ">NIO</a>) was drawn into the issue, with rumors suggesting that the Chinese electric vehicle&nbsp;maker may have had a hand in the whole affair.</p> <p>After Nio&#39;s President Lihong Qin informally clarified that the company had nothing to do with what was&nbsp;termed the &quot;Tesla drama,&quot;&nbsp;the company issued an official statement through its <a href="https://newsimgs.sina.tw/article/images/news-16195079858109.png">Weibo account</a>&nbsp;in which it referred to Tesla as a &quot;certain brand&quot;&nbsp;without naming it.</p> <p>Nio clarified that organized rumors were&nbsp;falsely ...</p><p><a href=https://www.benzinga.com/news/21/04/20814628/nio-clarifies-it-has-nothing-to-do-with-customer-protest-against-tesla-at-shanghai-auto-show alt=Nio Clarifies It Has Nothing To Do With Customer Protest Against Tesla At Shanghai Auto Show>Full story available on Benzinga.com</a></p> electric vehicles EVs News NIO Shanghai auto show TSLA Rumors Media TSLA US88160R1014 NIO News Rumors Media Benzinga Tue, 27 Apr 2021 17:36:29 +0000 Shanthi Rexaline 20814628 at https://www.benzinga.com Reportedly 20,000 Bitcoins Withdrawn From Binance Ten Minutes After Sunday's Flash Crash https://www.benzinga.com/markets/cryptocurrency/21/04/20697790/reportedly-20-000-bitcoins-withdrawn-from-binance-ten-minutes-after-sundays-flash-crash <p>According to a data platform glassnode, 20,952 Bitcoins were withdrawn from crypto exchange Binance after <strong>Bitcoin</strong> (CRYPTO: BTC)&rsquo;s price fell under $52,000 on Sunday.&nbsp;</p> <p><strong>What Happened:&nbsp;</strong>Some on-chain analysts suggested that this could have been a large whale moving coins off the <a href="https://twitter.com/woonomic/status/1383981852839485440" style="color:#0563c1; text-decoration:underline">market</a>.&nbsp;However, a transaction of this size could have also been an internal transfer on Binance.</p> <blockquote class="twitter-tweet"><p>20,952 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> withdrawn in 10 minutes from Binance after the crash.</p> <p>Binancians, can we have an official comment on the nature of this spike? <a href="https://t.co/FmBtsyxJOe">pic.twitter.com/FmBtsyxJOe</a></p> <p>&mdash; Lex Moskovski (@mskvsk) <a href="https://twitter.com/mskvsk/status/1384053479908331521?ref_src=twsrc%5Etfw">April 19, 2021</a></p></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p><strong>Why It&nbsp;Matters:</strong> Although the nature of this transaction ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/21/04/20697790/reportedly-20-000-bitcoins-withdrawn-from-binance-ten-minutes-after-sundays-flash-crash alt=Reportedly 20,000 Bitcoins Withdrawn From Binance Ten Minutes After Sunday&#039;s Flash Crash>Full story available on Benzinga.com</a></p> $BTC Binance Bitcoin Cryptocurrency dogecoin Fintech News Rumors Markets Analyst Ratings Tech $BTC News Cryptocurrency Fintech Rumors Markets Analyst Ratings Tech Benzinga Tue, 20 Apr 2021 14:41:22 +0000 Samyuktha Sriram 20697790 at https://www.benzinga.com Cathie Wood Trims Tesla Stake And Loads Up Heavily On Coinbase https://www.benzinga.com/markets/cryptocurrency/21/04/20633046/cathie-wood-trims-tesla-stake-and-loads-up-heavily-on-coinbase <p>Cathie Wood-led Ark Investment Management on Wednesday bought 749,205 shares of&nbsp;<strong>Coinbase Global Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>), on the day the cryptocurrency exchange made its high-flying&nbsp;NASDAQ debut through a direct listing.</p> <p>Coinbase shares closed at $328.28 in their Nasdaq debut on Wednesday, giving the company an initial market cap of $85.8 billion on a fully diluted basis. The stock <a href="https://www.benzinga.com/markets/cryptocurrency/21/04/20626790/coinbase-shares-open-at-381-100b-valuation-on-debut" style="text-decoration:none">opened</a> Wednesday afternoon at $381 and rose to an intra-day&nbsp;high of $410 before pulling back slightly.</p> <p>The <strong>Ark</strong> <strong>Innovation ETF</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arkk#NYSE">ARKK</a>) added 512,535 shares of the cryptocurrency exchange operator,&nbsp;representing about 0.76% of the ETF.</p> <p>The investment firm also bought another 89,589 Coinbase shares through the <strong>Ark Fintech Innovation ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arkf#NYSE">ARKF</a>), representing about 0.76% of the ETF.</p> <p><strong>ARK Next Generation Internet ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arkw#NYSE">ARKW</a>) added 147,081 COIN shares, representing about 0.76% of the ETF.</p> <p>Wood has <a href="https://www.benzinga.com/markets/cryptocurrency/21/04/20611251/will-bitcoin-be-banned-like-gold-once-was-in-the-us-ark-invest-and-cathie-wood-weigh-in">long been bullish</a> on <strong>Bitcoin</strong> (BTC) and associated plays. The apex cryptocurrency is trading somewhat muted since Coinbase debut, down 0.45% at press time at $63,157. It hit an all-time high of $64,863.10 early Wednesday.</p> <p><em>See ...</em></p><p><a href=https://www.benzinga.com/markets/cryptocurrency/21/04/20633046/cathie-wood-trims-tesla-stake-and-loads-up-heavily-on-coinbase alt=Cathie Wood Trims Tesla Stake And Loads Up Heavily On Coinbase>Full story available on Benzinga.com</a></p> $BTC AAPL ARK Investment Management ARKF ARKK ARKW AVAV BEAM Bitcoin BLI Cathie Wood COIN Cryptocurrency DDD DKNG Ethereum EXAS ICE INTU IRDM MASS News PCAR Penny Stocks PHR PLTR PSTI PYPL RBLX RTP Sector ETFs SPFR SPOT SYRS TEAM TSLA U WORK Rumors Small Cap Markets Trading Ideas ETFs ARKW DDD US88554D2053 ARKK AAPL US0378331005 PYPL AVAV US0080731088 COIN US21254S1078 SYRS EXAS US30063P1057 SPOT INTU US4612021034 ARKF PCAR US6937181088 WORK PSTI US72940R1023 $BTC TEAM DKNG ICE US45865V1008 BLI PHR PLTR RTP RBLX IRDM US46269C1027 MASS TSLA US88160R1014 SPFR BEAM U Sector ETFs News Penny Stocks Cryptocurrency Rumors Small Cap Markets Trading Ideas ETFs Benzinga Thu, 15 Apr 2021 03:12:09 +0000 Rachit Vats 20633046 at https://www.benzinga.com