Scott Rostan, Founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant’s Time Warner media properties means for investors. “Something I always try to teach my students is knowing the underlying businesses and staying inside your core competency is usually a recipe for success” said Rostan. […]

Size of MicroStrategy’s Bitcoin Bet Set Off SEC Accounting Alarm Scale of Bitcoin holdings made SEC zero in on company Non-GAAP measures can’t strip out key financial drivers A growing number of companies invest in Bitcoin but none to the extent of MicroStrategy Inc., which in 2021 announced that buying and holding the volatile digital […]

In a high-profile case, the sponsor of WeWork, BowX, is restating its past year’s financials to correct for classifying a portion of its shareholder equity as permanent, rather than as temporary. Published Dec. 10, 2021 A fresh wave of restatements by special purpose acquisition companies (SPACs) could be coming after the Securities and Exchange Commission’s chief […]

Nov. 23, 2021, 1:45 AM; Updated: Nov. 23, 2021, 7:26 AM 160-plus SPACs announce accounting errors Regulatory scrutiny means more are likely Scores of the blank-check companies that set the IPO market ablaze in 2020 are once again stumbling over accounting errors. More than 160 SPACs have issued warnings in the last week that their past […]

Survey: MBAs Bullish About Post-Pandemic Job Prospects BY: MARC ETHIER ON JUNE 01, 2021 Confident in their prospects in a rapidly expanding economy, MBA students are optimistic about their employment prospects, according to the 13th annual MBA employment survey conducted by a company that provides training courses for Wall Street banks and financial institutions. Training […]

RIVKA ABRAMSON | APRIL 30, 2021 A SPAC, or Special Purpose Acquisition Company, is an entity with no commercial activities, built with the specific purpose of acquiring a company. SPACs are also sometimes called blank check companies. SPACs have seen some serious growth this year. By March 19, SPACs raised $87.9 billion — more than all of last year’s […]

K.C. Southern Morphs From Railroad Also-Ran to $30 Billion Prize By  Thomas Black April 21, 2021 In less than a year, Kansas City Southern has transformed from an industry wallflower to the belle of the ball, getting courted by Canada’s two biggest railroads. The U.S. carrier has been a source of takeover speculation for decades. Regulators even […]

CN Rail tops CP with offer of $30-billion for Kansas City Southern ERIC ATKINS PUBLISHED APRIL 20, 2021 Canadian National Railway Co. has topped rival Canadian Pacific Railway Ltd.’s offer for Kansas City Southern , igniting a battle for the Missouri-based railway that would give the victor access to key U.S. and Mexican markets. Montreal-based CN offered US$29.9-billion […]

10 Vital Roles for CFOs February 24, 2021 10 Vital Roles for CFOs To ascend to (and remain in) the office of CFO and be great at the job, you will have to master these responsibilities.   Sandra Beckwith If CFOs have learned anything in the past year, it’s that they must be agile and […]

https://apnews.com/article/gamestop-reddit-stocks-update-92a98aa87d88753a1aa52a72b49321c6 February 3, 2021 By ANNE D’INNOCENZIO Follow Anne D’Innocenzio: http://twitter.com/ADInnocenzio NEW YORK (AP) — Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and […]