Reddit recovered from an hour-long outage that affected thousands of users on Wednesday afternoon as volatility returned to stocks including GameStop GME.N> and AMC that were at the center of a slugfest between retail traders and Wall Street.
Online platforms like Robinhood in the United States that offer commission-free share trading to retail investors would be illegal in the European Union, officials from the bloc said on Tuesday.
GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock.
By Reuters Staff
2 Min Read
(Reuters) - Apex Clearing Corp, a clearing firm and a custodian for digital assets, said on Monday it will go public through a merger with a blank-check firm backed by New York Islanders co-owner Jon Ledecky, in a deal that values the combined entity at $4.7 billion.
The deal with Northern Star Investment Corp II is expected to fetch Apex $850 million in gross cash proceeds, including a private investment of $450 million anchored by Fidelity Management & Research Company LLC and Baron Capital Group.
Apex is a financial technology firm that provides clearing services, digital custody, cryptocurrency solutions and fractional share trading, among others, to its clients.
By Reuters Staff
2 Min Read
(Reuters) - Apex Clearing Corp, a clearing firm and a custodian for digital assets, said on Monday it will go public through a merger with a blank-check firm backed by New York Islanders co-owner Jon Ledecky, in a deal that values the combined entity at $4.7 billion.
The deal with Northern Star Investment Corp II is expected to fetch Apex $850 million in gross cash proceeds, including a private investment of $450 million anchored by Fidelity Management & Research Company LLC and Baron Capital Group.
Apex is a financial technology firm that provides clearing services, digital custody, cryptocurrency solutions and fractional share trading, among others, to its clients.