Tag: cash
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WhatsApp group chat used to send millions in cash, funding crime and extremism
The WhatsApp money launderers arranged cash transfers in the UK and around the world with no paper trail.
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Strategy earmarks $1.6 billion cash pool for treasury operations, buybacks
Aug 24 : Michael Saylor’s Strategy set aside about $1.6 billion in cash to fund future treasury operations, including potential bitcoin purchases and share buybacks, the company disclosed in a regulatory filing on Monday.The world’s largest corporate buyer of bitcoin dubbed the liquidity pool “USD Cash,” whic
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Samsung Electronics expects shareholder returns up to $80 billion this year
SEOUL, Aug 21 : Samsung Electronics said on Friday that it expects its shareholder returns for this year could reach up to 110 trillion won ($79.54 billion), which includes 30 trillion won in cash dividends in the third quarter. Samsung, which, like rival SK Hynix, has seen earnings soar as the AI boom create
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SK Hynix workers to get 60% of this year’s bonuses in stock rather than all cash
SEOUL, Aug 20 : Chipmaker SK Hynix said on Thursday it has reached a tentative wage deal with its South Korean workers that will see them receive at least 60 per cent of this year’s bonuses in company stock rather than the all-cash payout they received last year.The AI boom has sent SK Hynix’s earnings…
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Shein proposes cash payouts, more shares for late-stage investors ahead of IPO
Aug 3 : Shein is considering lowering the cost of investment for some late-stage investors as the fast-fashion retailer pursues an IPO at a lower valuation, according to filings with the Hong Kong Stock Exchange. The company may offer payouts to early investors as well as more shares with lower conversion pri
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Small businesses squeezed by Trump’s tariffs turn to risky cash advances
Trump’s tariffs are squeezing some small businesses, and a Fed survey shows more firms applying for merchant cash advances despite steep costs.
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Meta cash flow craters as Zuckerberg’s AI spending spree accelerates
July 29 : Meta Platforms reported a precipitous 91 per cent drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout despite an uncertain payoff.The Facebook parent company reported free cash flow of $784 million in the second quarter
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Meta’s free cash flow wiped out as AI buildout grows
July 29 : Meta Platforms reported a precipitous 91 per cent drop in free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout despite an uncertain payoff.The Facebook parent company reported free cash flow of $784 million in the second quarter, down from $8.
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Trading Day: Burn, baby, burn
ORLANDO, Florida, July 23 : European and U.S. stocks slumped while bond yields shot higher on Thursday, with global markets rocked by oil’s surge above $100 a barrel and earnings reports from two U.S. “Big Tech” companies that showed they are burning through cash at an alarming rate. If you have more time to
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Stocks sink on Big Tech cash burn; oil hits $100 for first time since May
July 23 : Oil prices spiked to $100 a barrel for the first time since May, major tech giants knocked U.S. stocks lower, and Europe’s borrowing costs spiked to long-term highs in an unsettling day across markets on Thursday. Brent crude jumped 6 per cent to $100.50 a barrel following attacks on tankers in the
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