Shares of General Electric collapsed on Thursday to see the biggest loss the stock has seen in 11 years after Madoff whistleblower Harry Markopolos called the company “a bigger fraud than Enron.” Markopolos has accused the company of issuing fraudulent financial statements to hide the extent of its problems. The history of accounting fraud dates … Continue reading “GE Shares Sink the Most in 11 Years After Whistleblower Reveals Shocking Accusation”
Author: Sophia Vida
Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.
Life
Japanese Chef Nobu Refused Robet De Niro’s Offer
While Robert De Niro may have a lot of fans, Japanese chef Nobu Matsuhisa wasn't…
August 16, 2019
Hot Stocks
Fitbit Just Saw its Shares go Under $3 for the First Time
Activity tracker maker Fitbit saw its shares hit under $3 for the first time on…
August 16, 2019
Life
Dale Earnhardt Jr. Rushed to Hospital After Plane Crash
According to family of Dale Earnhardt Jr., as well as sheriff's officials, the retired NASCAR…
August 16, 2019
NFL and Jay-Z Just Signed a Major Partnership
Rapper Jay-Z's entertainment company Roc Nation, has signed an extensive partnership with the NFL as…
August 16, 2019
Bridgewater Founder Says Chance of a Recession is This High Before Next Year’s Election
Ray Dalio, the founder of Bridgewater, has said that there is a 40% chance of…
August 16, 2019
Hot Stocks
Amazon to Launch Program that Donates Unsold Products
After reports revealed that e-commerce giant Amazon was destroying millions of unsold products, the company…
August 15, 2019
WeWork Just Announced A Huge Loss Ahead of Anticipated IPO
Wall Street is anticipating the IPO of tech company WeWork, which is expected to be…
August 15, 2019
Hot Stocks
Amazon’s Prime Day Sends July Retail Total Sales Soaring
According to Bank of America, Amazon's Prime Day promotion in July boosted July's total retail…
August 14, 2019
Hot Stocks
Facebook Has been Listening to Conversations on Facebook Messenger
While many may not be surprised that a social network like Facebook listens in on…
August 14, 2019
Hot Stocks
CBS and Viacom Finally Reach a Merger Deal
It has been three years of on and off discussions between CBS and Viacom over…
August 14, 2019
Hot Stocks
Chase is Forgiving the Debts of Some of its Credit Card Holders
Some of you may be thrilled to read this while some of you may feel…
August 12, 2019
Bank of America Says Chances of Recession in the Next 12 Months is This High
Based on recent data, Bank of America has raised the chance of a recession to…
August 12, 2019
Hot Stocks
Colombia Fines Uber For Obstructing a Regulatory Visit
Wall Street learned this week that Colombia's commerce regulator said it would fine Uber over…
August 12, 2019