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What to expect from Delta Air Lines Earnings report?
What to expect from Delta Air Lines Earnings report?

Delta Air Lines Inc. (DAL) has seen business plunge over the past year due to the COVID-19 pandemic. With government regulations limiting travel and many potential fliers opting to stay home, demand for Delta's services plunged in early 2020 and has remained depressed through April of this year.1

CoinBase (COIN) worth not more than $5 billion says Strategist
CoinBase (COIN) worth not more than $5 billion says Strategist

The IPO of crypto exchange Coinbase on Wednesday has captivated fans of digital currency and investors as they speculate on the potential for a $100 billion valuation on the company.

With Early Debt Retirement Plan GameStop Looks to Become Debt-Free
With Early Debt Retirement Plan GameStop Looks to Become Debt-Free

GameStop (NYSE:GME) ended 2020 with $216 million in long-term debt. But under an early redemption notice announced yesterday, the video game retailer said it will be retiring the notes at the end of the month. That will leave GameStop debt-free and able to focus its resources on transforming into a primarily e-commerce driven retailer.

Authorities launch new investigation for anti-competitive practices, now against Visa
Authorities launch new investigation for anti-competitive practices, now against Visa

The process against Visa has not been officially disclosed by the authorities, but it would observe its practices in the debit market

Steve Cohen’s Point72 Raises $1.5 Billion After Melvin Capital Infusion

Steve Cohen’s Point72 Asset Management has opened to new cash and raised more than $1.5 billion in commitments in a matter of days, according to people familiar with the matter


The move comes after the hedge fund provided $750 million in emergency cash to Gabe Plotkin’s Melvin Capital, which was struggling with GameStop Corp. and other short bets gone sour. Citadel’s hedge funds, along with founder Ken Griffin and his firm’s partners, put $2 billion into Melvin. By the end of last month, Melvin sunk 53% after retail investors banded together online to push up the prices of GameStop and other popular targets of short-sellers.

Point72 is raising the fresh cash because it sees investment opportunities in the market, one of the people said, asking not to be identified because the information isn’t public. The firm had about $18.9 billion in assets as of October.

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