CompaniesBIO

Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Robinhood Markets CEO Vlad Tenev said Tuesday he's unclear what Sam Bankman-Fried, the disgraced former CEO of FTX, is going to do with his 7.6% stake in his trading app. "I'm not surprised that it's one of the more valuable assets they have on on their balance sheet because it is public company's stock," Tenev said on CNBC's "Squawk Box." "We don't have a lot of information that you guys don't have. We're just watching this unfold and ... it's going to be locked up in bankruptcy proceedings , most likely for some time. And so we're just kind of seeing how that plays out." In May, Bankman-Fried took a 7.6% stake in Robinhood worth $648 million in the belief that the shares "represent an a...

The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images The Qatar Investment Authority is the second-largest shareholder in Credit Suisse after doubling its stake in the embattled Swiss lender late last year, according to a filing with the U.S. Securities and Exchange Commission. The QIA — Qatar's sovereign wealth fund — initially began investing in Credit Suisse around the time of the financial crisis. Now, it owns 6.8% of the bank's shares, according to the filing Friday, second only to the 9.9% stake purchased by the Saudi National Bank last year as part of a $4.2 billion capital raise to fund a massive strategic overhaul. Combined with the 3.15% owned by Saudi-based family firm Olayan Financing Company, around a fifth of the company's stock is now owned by Middle Eastern investors, Eikon data indicates. Credit Suisse will report its fourth-quarter and full-year earnings on Feb. 9, and has already proje...

Alibaba completed its acquisition of video platform operator Youku Tudou in 2016. Pictured here is an old version of the Youku logo. Sopa Images | Lightrocket | Getty Images BEIJING — State-backed entities have taken tiny stakes in parts of two Alibaba subsidiaries that oversee a video platform and web browser. News of the holdings in the last week raised concerns about Beijing's influence over the U.S.-listed e-commerce giant. However, the affected subsidiaries are just two of several units under the company's digital media and entertainment arm — an arm that accounts for 4% of Alibaba's revenue. related investing news Investors can boost income with this strategy, but should be aware of the risks Carmen Reinicke 8 hours ago Alibaba shares have gained slightly over the last five trading days. The state-backed stakes reflect a progression of government directives over the last decade to increase control of media in China. The so-called golden shares, or special managemen...